I appreciate if you leave me your valuable comments and
opinions on this simple strategy which has been designed based on the standard
indicators of MetaTrader. It uses only EMA and MACD.
First I consider H4 as my trading timeframe. Keeping this in
mind, I look to the higher timeframe (Weekly chart) to detect the trend. If the
price is above the EMA 10 and EMA 20 and these two EMAs have been crossed
recently, I go to the timeframe of H4 and wait for triggers.
Same as weekly chart, when EMA 10 crosses EMA 20 to the up
and MACD is in positive phase, I can open a long position.
This rules apply for sell if opposite conditions are met.
In the following picture, you can see that we had a losing trade since the MACD phase was not aligned to our strategy. (Pink area)
Hope to receive your opinions in this regards.
It is not same but similar -
EMA Cross Contest Hedged - expert for MetaTrader 5
any ideas to make this strategy more accurate? how can we filter more wrong signals? any suggestions?
An interesting vision of the market. Probably I will start writing MQL5 code.
I threw two iMA indicators on USDCAD, W1:
The averaging period is 10 and 20. But my intersection does not coincide with yours
But the option when using the trend indicators "Double Exponential Moving Average":
Pay attention - here intersections appear much earlier.