Simple new Robot code based on EMA for MT4
I am not an expert in developing codes in MT4. So I need help from other friends who can develop for me a suitable code for using EMA in MT4 for entry and exit.
I have the following idea which may please be the basis for such a development.
I have an EA that works on EMA's. The only way you can make money from it is on very low risk, even then it is not worth the hassle. Adding another indicator like RSI will not stop it selling near the bottom or buying at the top.
- Don't hijack someone's thread with your off topic post.
- You didn't ask a question.
- When you registered, perhaps you missed the part about Any discussions except of concerning MetaQuotes Language 4 and auto trading are forbidden. You're off topic for this forum.
I apologise, unreservedly. I haven't told any mistruths, just said it in the wrong place, unwittingly. I was not attempting to hijack anything. I appreciate a forum needs rules and if they are not observed it makes unnecessary work for moderators. Is it unreasonable to let someone know that an algorithmic idea isn't worth while?
You didn't post an "algorithmic idea" and ask about mql4 coding it.
You didn't post an "algorithmic idea" which is off topic for THIS forum.
All you did was mumble something about "adding RSI wont help" That is not an idea.
Such a charming individual.
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I am not an expert in developing codes in MT4. So I need help from other friends who can develop for me a suitable code for using EMA in MT4 for entry and exit.
I have the following idea which may please be the basis for such a development.
Pair Eur / USD
Lot size 0.1
Use 5 minute chart / or 1 minute chart
Use EMA 10 and EMA 25
Enter trade when EMA 10 crosses EMA 25
Enter trade in Long ( buy ) when EMA 10 is above EMA 25 after crossing
Similarly enter trade SHORT ( Sell ) when EMA 10 is Below EMA 25 after crossing.
Stop loss set up 15 pips in either case
Enter second add on trade when profit level goes to 10 pips
Enter a third add on trade when the profit level goes to 20 pips.
Close trade when the EMA 10 crosses EMA 25 in reverse direction that is in case of long trade when the EMA 10 crosses and goes below EMA 25 and in the case of short trade when the EMA 10 crosses and goes above EMA 25. OR when the profit level has reached 50 Pips.
Please can some body who is able to write the code for this and help me to test this on a DEMO MT4
My contact is kamath@hotmail.com
Thanks
Kamath