a little advice needed
bump for any help
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I have set out to create my own ea. I have done some simple coding on "eabuilder" and have some questions.
The system I am working with is very basic. It is a moving averager cross system using a 5wma and a 25ema. It is traded on a daily chart on the major pairs. It uses a 100 pip tp. I am just in the beginning stages and need a little help:
The biggest problem that I have is "noise" created by false signals as you can imagine. I am looking for a confirmation to eliminate some of this noise.
One thing I am considering is using the MACD as a confirmation. Only taking the trade when the slope of the MACD line is in the direction of the indicator (using the standard MT4 MACD with the line and the histogram). Is there a way to code this into my ea?? Or am i better off using a two line MACD and using the line crossing as a confirmation??
I could really use some info on this!!
Thank you,
Tim