The expert based on the Trix indicator.
Total net profit : 0.03%
RDD : 11.92%
Funyoo, can you help modify your TRIX EA so it would follow the following rules and setting:
Period = 4
Signal Period = 1
Go LONG when the TRIX crosses the zero level from below (BULL CROSS)
Go SHORT when the TRIX crosses the zero level from above (BEAR CROSS)
It's a reversal system that it's always in the market following the BULL & BEAR crosses.
The Idea is to OP according to change of colour/trend in the Slope Direction and exit when The FAST TRIX line change colour. That way it would save a few pips without having having to wait for 2nd confirmation from the slope direction. Lemme know what you think.
Funyoo, the TRIX indicator that I attached in the above posting consist of three risk-level trend reversal points:
1. Changing colour on FAST TRIX line identify the beginning of trend reversal (High Risk)
2. The cross between FAST TRIX line and SLOW TRIX line and the same colour more confirm the trend reversal (Medium Risk)
3. The cross of FAST TRIX to the zero level is the most secured confirmation of trend reversal (Low Risk).
I am wondering if we can create an EA based on this TRIX indicator. It can provide early warning system than the Slope Direction Line. The 1st OP should be on the High-Risk Point, 2nd OP on Medium Risk, last, 3rd OP on the Low Risk Point, with the option for the user to choose which point they want to OP depends on his/her risk appetite.
FILTER: in order to filter out choppy market, theres should be restriction to open Short Entry if the FAST TRIX line is below the zero level and vice versa with the Long Entry.
Lemme know what you think about it.
Okay here is same thread so can you use parabolic as filter with trix of your first post but i want to use for any timeframe as i want to use for long term strategy not on small time frame but parrabolic has to be double where we can change it in the external parameter
and to open one position only and close on all signal met and open the opposite direction after close immediately