Taking multiple position but not in the same bar. Once-Per-Bar
How do I allow multiple positions to be taken when Bid = lower envelope but not when the Bid fluctuates above and below the lower envelope on the same bar. Working-With-Doubles
I am using the Molanis front end to code. Don't use EA builders, they're very limiting + you'll have no idea how to expand or debug your codes. Use the Book.
Does anyone have a better idea of quickly determining Trend... Trend is Subjective, try using less periods for faster change (also more noise). Moderator's Trend Definition.
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1 Multiple Positions
I an using the 3 ema with 0.15 deviation ( adjusted to fit as required if there are no or limited touches of the lower and upper envelopes) on th 1 hour chart with up to 10 positions. Visa Versa for Sell
I buy when the 15 ema is above the 40 ema and Bid = lower envelope with a stop of 30 pips and a target of the upper envelope
Often the target may not be reached for several bars but the Bid may hit the lower envelope a number of times on subsequent bars
How do I allow multiple positions to be taken when Bid = lower envelope but not when the Bid fluctuates above and below the lower envelope on the same bar
In summary while I want to take multiple positions on a Ccy Pair and Time chart I only want to be able to have 1 open position on a 1 hour bar
I am an Accountant using the Molanis front end to code my EA'a.
2 Trend Direction
Also is there a better way to determine the direction of Trend than the Moving Average crossovers = I am using the 15 ema and 40 ema Cross Over
I have thought of using the slope of the 5 ema - if the 5 ema (shif t2) < 5 ema (shift 1) then it is an uptrend and I only want to Buy when the Bid = lower envelope. Visa Versa for Sell.
I close whne the 5ma (shift 2) > 5 ema (shift 1)
Does anyone have other/better idea of quickly determining Trend
Thanks