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Forex trading strategy #49 (Parabolic + HMA)


Submitted by Egudu Emmanuel

Hi everyone,i would like to share a very simple strategy:

Indicators: HMA set to 40
Parabolic Sar (default)

Time Frame: 15mins
Currency pairs: eur/usd and eur/jpy

Rules:
for buy entries, the Hma must change to green and the Sars should be under the candle.
TP should be 50pips to 100pips while stoploss should be when you have a reverse signal.

For a sell order, the HMA should change to red and the Sars should be on top of the candle.

Both indicators need not change at the same time,just ensure you enter a trade when both are saying the same thing.

A chart have been attached, the redlines shows entry points.

l hope you make good pips with this strategy.

l would like to have a professional expert advisor code a system for me.

Egudu Emmanuel

Indicators you need:

HMA.mq4
or
HMA_Color.mq4

Hello
Looks like a great system. do you have HMA for MT5?
Regards

i used the hull moving average for quite a long time but it was of no use.Majority of the HMA's available to us are repainting.Incase if we dont find any non-repainting HMA,using xpma could be a better alternative.Lets see how this system works for others !!

Some more requested downloads:

xpMA.mq4
HMA.mq5
ColorHMA.mq5

Thomas

Hi Thomas
HMA.mq5 need SmoothAlgorithms.mqh include file
#include
please post the SmoothAlgorithms.mqh
Regards

The gesture of posting strategies is nice, but a brief backtest shows simple systems like this to be very unreliable. Some sort of (larger-TF, maybe?) filtering is needed, as well as a better exit.

higher time frames are useless because you would have missed the beginng of the trend but it is also helpful in case of a strong trend and you are getting in on a retracement/ rebound and we all kow that the market trend only 30% of the time. I suggest that you practice good money management in order to survive the tight consolidations that kill most of the novice traders.