HI I normally use the Schaff Trading system on CMS Forex virtual trader, but I also ahve a metatrader platform that I use for IBFX and FX Pro. I was wondering fi anyone ahd used the Schaff Trend Cycle System from CMS Virtual Trader Platform, and had an idea on how to make it a meta trader EA. I will post the description of it and also the parameters it uses.
This system first creates the standard Schaff Trend Cycle indicator, but it also creates a second instance of the Schaff Trend Cycle (which is basically a faster version of the standard). It also defines the 30/70 levels. Lastly it defines trade criteria.
For a long trade, the cross of the faster schaff above the standard schaff is the trigger, BUT only if their cross happens when ST2 (the faster Schaff) is >30 and <70 (so in between them) OR a long is also generated by the ST2 schaff crossing the 30 line, BUT only if the ST2 is already above the standard schaff and ST2 is <70.
For the short trades, flip the logic over... ST2 crosses below standard scaff only if this cross happens when ST2 is in between the 30/70 lines OR short triggers when ST2 crosses below the 70 line, BUT only if ST2 is already beneath the standard schaff and ST2 is > 30.
Schaff Long Term Periods 50
Schaff Short Term Periods 10
Schaff Cycle Periods 10
Level up % 70
Level Down % 30