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2008.08.07 08:00
Experts

Natuseko Protrader 4H Strategy - expert for MetaTrader 4

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Search for buy signal
1. The 13 periods exponential moving average (EMA) must cross bottom-up the EMA of 21 periods and the EMA of 55 periods on the price chart;
2. The Parabolic must be in the area below the price;
3. The RSI indicator must be above the 50 level and below the 65 level;
4. The MACD hystogram must be above the 3 period simple moving average (SMA) drawn by the values of the MACD;
5. The MACD hystogram and the 3 period SMA must be above the midline of the Bollinger envelope;
6. The stop-order is placed below the 55 period moving average by 10 points or at the value of the parabolic;
7. The first target for 50% of the position is closed when the RSI reaches the value above 65, or when the parabolic becomes above the price;
8. The remaining 50% are closed the RSI indicator reaches the value below 50.

Search for sell signal
9. The 13 periods exponential moving average (EMA) must cross bottom-up the EMA of 21 periods and the EMA of 55 periods on the price chart;
10. The Parabolic must be in the area above the price;
11. The RSI indicator must be below the 50 level and bove the 35 level;
12. The MACD hystogram must be below the 3 period simple moving average (SMA) drawn by the values of the MACD;
13. The MACD hystogram and the 3 period SMA must be below the midline of the Bollinger envelope;
14. The stop-order is placed above the 55 period moving average by 10 points or at the value of the parabolic;
15. The first target for 50% of the position is closed when the RSI reaches the value below 35, or when the parabolic becomes below the price;
16. The remaining 50% are closed the RSI indicator reaches the value above 50.

The strategy research results and the description of the external parameters are available in the 24-th issue of our journal:
http://www.fortrader.ru/ftgate.php?id=0&num=68

A more detailed description of the strategy is here.
You can download the last version of the NatusekoProtrader4HStrategy EA and the detailed reports here.


Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/8297

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