I started this as a post for tony-fx's thread (https://www.forexfactory.com/showthread.php?t=656770) but thought it would detract from the "purity" of his system hence a separate thread would be more appropriate. The system essentially replaces tony-fx's Trend Filter (Ichimoku Cloud) with a Moving Average Cross on a Higher Timeframe. I have used the 5/8 EMA (Close) on the Daily Timeframe for trading on the H4 Charts. Additionally, I have introduced BigE's 5-SMA-Typical-Shift3 as the trigger for the Signal Candle. Echoing BigE here, the Ichimoku filter leaves too much on the table. The 'semi-martingale' feature has been maintained.
Edit: We are now using the 5-EMA-Close-Shift 3 for the trigger line.
Disclaimer; I am not a Programmer so while suggestions for improvement are welcome, updates will only be periodic - perhaps once monthly. Also, I do not have good/adequate Historical Data for extensive Backtesting at this time.
- Do whatever you wish with this EA
- Post your results and thoughts
On Current Timeframe: Moving Average (5 Period, Simple, Typical Price; Shift3) Edit: Now using 5EMA_Close_Shift 3
On Higher Timeframe: Moving Average (5 Period, Exponential, Close)
On Higher Timeframe: Moving Average (8 Period, Exponential, Close)
Bill Williams Fractals (used by EA to establish Auto_Stop_Loss if enabled)
H4/Gold (Other currency pairs and timeframes to be investigated)
Buy Entry Rules
HA breaks and closes above 5-SMA-Typical (Shift 3)
Fast MA is above Slow MA on Higher Time-frame(s)
Enter on open of next Candle
Close trade when HA closes below 5-SMA (Shift 3) or on HA colour change (per Dean Malone Synergy)
Opposite for Sell
Position size: 0.1
Loss Factor: +0.05
Stop Loss: Optional (Auto Stop Loss based on previous Fractal high/low; Manual Stop Loss; No Stop Loss)
Trailing Stop: Optional
- Stop Loss, Trailing Stop, Break Even
- Exit on HA Colour Change (per Dean Malone Synergy Method)
- Exit on HA Break of 5 SMA+Shift3
- Re-entry on false reversal candle. See post #165
- Higher Time-frame Filters:
- EMA Cross - Six options for Higher Time-frame Filter (H4 or D1 or W1 or H4+D1 or D1+W1 or H4+D1+W1) with built-in Indicator,
- Inside Bar - for D1 Trading only. See post #13
UPDATE 11.08.2017 [Revised 2017.08.16]
The Hodgepodge v3.1.1
New exit Condition added "No Exit"
Set File as requested
Note: Each Trader to test and develop his/her own setting and profitable pairs.