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2016.07.01 11:51

The correct order (version 1.0.01) - expert for MetaTrader 4

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votes: 19

The correct order is a set of moving averages located consecutively. The correct order for an uptrend would be the situation, when the 10-period simple moving average (SMA) is on a higher price level than the 20-period SMA, which is above the 50- SMA. That one, in turn, is above the 100- SMA, and 100- SMA is above the 200- SMA.

In a downtrend, the opposite is true.

The presence of moving averages located consecutively is usually a strong indication of trend condition movements and indicates that the momentum is on the trend side, but the moving averages serve as the support levels.

In order to use the correct order strategy with more reliability, added ADX check, which must be greater than 20 and have an increasing tendency.

Entry - after 5 candles once the correct order forms, exit - once the correct order gets violated.

Testing Results:

Strategy Tester Report
TrueSort_0002 (Build 220)

Symbol EURUSD (Euro vs US Dollar)
Period 1 Hour (H1) 2008.06.04 23:00 - 2009.02.20 22:00
Model Every tick (the most accurate mode based on the shortest available time frames)
Parameters lots=0.1; stloss=100; magicnum=5000;
Bars in test 4451 Ticks modelled 2924368 Modelling quality 44.19%
Mismatched chart errors 2
Initial deposit 10000.00
Net profit 1327.99 Gross profit 3462.83 Gross loss -2134.84
Profit factor 1.62 Expected payoff 20.12
Absolute drawdown 128.73 Maximum drawdown 934.88 (7.70%) Relative drawdown 7.70% (934.88)
Total trades 66 Short positions (won %) 45 (42.22%) Long positions (won %) 21 (61.90%)
Profit trades (% of total) 32 (48.48%) Loss Trades (% of total) 34 (51.52%)
Largest profit trade 470.06 loss trade -304.00
Average profit trade 108.21 loss trade -62.79
Maximum consecutive wins (profit in money) 5 (717.85) consecutive losses (loss in money) 5 (-338.41)
Maximal consecutive profit (count of wins) 717.85 (5) consecutive loss (count) -457.47 (2)
Average consecutive wins 1 consecutive losses 2

Translated from Russian by MetaQuotes Software Corp.
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