Sma 261 with h1

[[Deleted]]

hi guys...

im using this concept to trade..when i doing manually its work..

but i like to try for ea...

but im really bad in reading computer code...

can help me to design comeout with this concept?

1.trade with single sma 261 only

2.time frame h1

3.pairs-eu and gu

4.when it breakout sma 261 ,buy....stop loss is 20 pips,tp is 50 pips

5.when it break below sma 261,sell..stop loss is 20 pips,tp is 50 pips

roughly the basic concept is like this...

still got some special condition to be adding in...

but...

isit difficult to design this kinda of ea?

if difficult then i better using manually trade...

ur can try it..its good if u able to catch it...

[fixyfixy]

How often do you open the order?

[[Deleted]]

1 day maybe got 1-2 times only..but the chances of succes is high

[actudoran]

knots

ok, any reason for 261 hours simple ma ? or is it a relatively random number ?

as a multiple time frame analysis you can combine multiple MA such as the one my friend and I came up with: on H1 TF you add the following EMA: 5, 13 and 26 and a 70 SMA. if they cross like in a knot ... you know what to do

Exit is 5 crossing other way the 13 line ... works like a beast in trending mkts ... if in flat ... use alternative strategy or if you haven't got one ... play something interesting on the pc ...

as for knit picking ... open 2 charts ... one in M15 and another H4 ... if MAs on H4 say long ... look for 5 and 13 to cross for a long entry on the M15 ... ( note that 16 candles on M15 = 1 candle in H4 so there's little point in waiting for a 26 EMA cross with the 5 and the 13 ... )

Good luck !

Al