Forex trading strategy #10 (Egudu EMA+ADX Strategy)
Submitted by User on December 18, 2007 - 15:06.
The following Forex strategy was submitted by Egudu - our valued contributor. Thank you once again and let the market be always on your side!
Hi, this is Egudu, and i have this simple but efficient strategy and i hope you enjoy using it.
Currency: any
Time frame: 1hr
Indicators: 5EMA(close), 6EMA(open), [ADX(14) at 20mark]
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Help anyone!
I am not very computer-savy, to say the least...
I have openned a demo with a mt4 platform. I want to test some EA I see on this site.
The question is: how do I get the EA to the the proper place?
The broker is ForexMeta.
Thank you.
Claude
Hi Claude,
Here is the video tutorial that describes the steps of adding custom
indicators and EAs to MT4. Please have a look.
http://www.alpari.co.uk/en/alpari_academy/video_tutorials/indicators.htm...
Regards,
Edward
Hi egudu,
Thanks for the system.But I have a doubt,what do you mean by 'width difference between two ema is a pip ?
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India
Egudu - I sent you an email but it may have been to your old address, could you give me your current email address? I'm writing an EA for this..
Hey Egudu(and everyone!), I have been reading your posts - its interesting to me because just yesterday I developed an almost identical system as you described, I took the best parts of similar systems I found all across the internet after much research, stop-hunting, and article bases, using ADX and EMA's, but I didn't think to use the C.G. indicator, great idea!
Anyway, I am a software engineer, and good at MT4 programming, today I am starting an EA for this system here - I would like to collect everyone's ideas on this system, what works best for you, to add all the best indicators together into one EA that I'll program into MT4 and upload for us all.
I am going to make this a very fun EA, calling it "Bottle Rockets" strategy, because it reminds me of a rocket launching when the momentum changes, and it launches up off the ground. Also, I have read of other similar systems very similar using a 2-stage buy where one is used to break even, and the other to lock into profits with a 15-pip trailing stop(like a parachute!). I would suggest using a MACD also, as it helps avoiding "fake outs"..
Anyway, I have some great ideas to make this an EA like no-other, and there is a lot we can do together to give this superb strategy the edge.
So anyone who has tested this strategy, are you willing to help share your best methods you have tested, I'll combine them into an EA and we can work together to refine this Bottle Rocket system.
Where should we start, what indicators you had best success with so far?
Hope to hear from you soon!
wow.. great...
let us know when you get it up!
I think also..to make a more clear difference.. you can work with 4 and 7 EMAs..
Can we use this sistem on 15 minutes??
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