Hi guys,
I've this job in progress. I need to share it for to understand any thoughts about in the comunity for enhancing. It works good during trend and swing periods, and as many others systems, during periods that are choppy it gets some whipsaws.
SETUP:
(I usually commerce from 08:00 to 17:00 GMT)
Becareful during news releases
Time Frame: M5
Cross: Eur/Usd; Gbp/Usd; Usd/Jpy; Eur/Jpy....and similars
(Remember: magic numbers does not exist... Feel you free to change something a tiny bit)
EMA 3
EMA 5
LWMA 60 (it is like LWMA 20 in M15 [20*3=60]) At the moment I changed this with 20 LWMA
LWMA 165 (LWMA 55 in M15) At the moment I changed this with 60 EMA
RSI 8 RSI 20
DM_Volatility (this runs on M5 M15) Require BBVolatility MTF in place #9
I love to create EA, therefore I use very mechanics rules...
RULES:
Only Long if LWMA 60 gt; LWMA 165 At the moment I changed this values
Only Brief if LWMA 60 lt; LWMA 165
DM_Volatility must be gt;= 0.0004 in M5 M15 (with BBVolatility MTF you'll be able to view them togheter)
(this indior can prevent some whipsaws although not all, really I'am looking for an afterthought, possibly ADX on various Time Frame... I want period)
entry signal (extended) if EMA 3 cross upper EMA 5 along with RSI 20 is gt; 50
(If rules concur from the last bar but not the volatility, it is possible to enter during the real one when DM volatility moves gt;= 0.0004)
For short entry vice-versa
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VERY IMPORTANT: I like to take my conclusions only on closed bars , when the last bar close with my state that I go indoors at the open of the new one... the same for exit
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exit (extended) 1'OPTION EMA 3 cross EMA 5 from the leadership (ema3 lt;= ema5)
2'OPTION (quick exit) EMA 5 (last closed bar) is lt; EMA 5 previous bar
I have not money direction fixed rules, also this is a work in progress...
I use only a fixed stop reduction of 20/25 pips
Here below a few exemple (I compute my entries thinking to be an EA):
I'am aviable on skype for chat.... Vurbileron (Italy)
https://www.forexforum.co.za/attachm...1685217138.ex4
https://www.forexforum.co.za/attachm...5839873260.ex4
https://www.forexforum.co.za/attachm...1747306003.tpl