3/2/2017 ForexTrading|MetaTraderIndicatorsandExpertAdvisorsViewSinglePostSlopeSystemEA

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CanyouajusttheOriginalSlopeDirectionEAformeplease.
12102009,12:59AM #23(permalink)

JoinDate:Jun2009
amdegia Posts:3
CurrencyTrader

Quote:

OriginallyPostedbySXMTrader
HelloSkybitz007,

Youmentionedtousetheslopedirectionlinewithsettings55/3on1hourchart.Idothesame.Whichpairs
areyoutradingandhowdoyoutradethemTP.Maybewecansharesomeinfowhichalsocanhelpothers.
Holger

CanyouajusttheOriginalSlopeDirectionEAformeplease.
Usingthisparameters:

StrategyName:AlhamDulliaV2StrategyH1
Indicatorsusedthataffectsthestrategy:

slopedirectionlineSettings:(period=40,Method=3,Price=0,email=1,sound=1)
ATX(21)Averagedirectionalmovement
ATR(21)Averagetruerange
Specialmacdindicatorcalled" AlhamdullilaV2Macd2colourHistogram"thisisattachedSettings(5,35,5)
HowtheAlhamdullilaV2strategyworks:

TheactualfinalEAisverysimpleasfollows:

LongEntry(seetheflowchartbelow)

EnteraLONGpositionwhenallfollowingconditionsaremet

Afterthecloseofthecandle
WhenATX>20(Trendingmarket)
AndMACD>0

ThisCustomerindicator AlhamdullilaV2MACD2colorHistogramisGREEN
i.e.(ispositive)

AndTUpindicatorscolorisblue

ShortEntry
EnteraSHORTpositionwhenallfollowingconditionsaremet

Afterthecloseofthecandle
WhenATX>20(Trendingmarket)
AndMACD<0

ThisCustomerindicator AlhamdullilaV2MACD2colorHistogramisRED
i.e.(ispositive)

AndTUpindicatorscolorisRED

Stoploss,ProfitTargetsandexits
Exittradewithwhicheverofthefollowingismet(thisisalldonebythemanageTpV24code:

InitialStoplossissetatvalueof45pips(makethisuservariablecanbeadjustedmyuser).
Profittargetsreached(makethisuservariablecanbeadjustedmyuser).
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3/2/2017 ForexTrading|MetaTraderIndicatorsandExpertAdvisorsViewSinglePostSlopeSystemEA
Profittargetsreached(makethisuservariablecanbeadjustedmyuser).

Theseareveryimportantpointstoconsider
1.TheEAshouldhavearesetaflagsothatoncewegetoutofatrade(profitreachedorstoppedout)wedontgetbackinto
thenewtradeunlesstheMACDcrosseszeroline.ThispreventstheEAfromtakingcontinueserroneoustradeafterexitingit.
2.BytestingADXfirst,wewillbeabletoenterintoatradewhentheADXrisesfrombelowlevel20,evenifthishappensafterTup
andMACDindicatorsconfirms.SeeFig3below
3.Onlyonetradepermittedperchart.
4.Pair=Any
5.Timeframe=Any.
6.Positionwillbeexecutedonlywhentheabovecriteriaismetafterthecloseofthecandle.
7.IfInternetconnectionbroken,thisEAhasabilitytocontinueit'sfunction

AttachedImages
alhamdullilaillustration1typicalLongtrade.jpeg(25.8KB,473views)
alhamdullilaillustration2adxcomefrombelow20.jpeg(67.1KB,329views)

AttachedFiles
AlhamdullilaV2MACD2ColourHISTOGRAM.ex4(3.6KB,288views)
AlhamdullilaV2TupSlopeDirectionLinewithsoundandemailalert.ex4(7.3KB,336views)

Quote

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