The plan is to modify our previous BullsBearMA_v7.22 Expert Adviser. This new Expert Adviser will remove the Bulls and Bears power indicators and adding three new Stochastic Oscillator Indicators. We will use three Moving average indicators this time. Besides these changes, everything else stays pretty much the same as before, for example, the money management, and alerts, etc.
The old price bar and MA rules will be altered slightly so that the execution of the type of order (buy/sell/no orders) will be determined by choosing from a pull down menu that is reminiscent of BullsBearMA's condition menu. The new MA rule will now work accordingly with specific Stochastic Oscillator Indicator conditions. I would like this new pull down menu feature switching between either buy or sell or no action for all of the stochastic crossing and MA crossing signal combinations, thus covering many possible signal combinations.
Below are details for the stochastic trade signals:
please note:
meaning of crosses up when referring to stoch. indicators is, for example,
previous minute's indicator (a) closing value <= indicator (b) closing value ,
current minute's indicator(a) closing value >= indicator (b) closing value.
price bar crosses up MA refers to our MA rule in bullsbear v7.22, it means:
Current Price bar Low Price <= MA(1), Closing >=MA(1),
OR Previous Price bar Low Price <= MA(1), Closing >=MA(1), Closing >=MA(2)
stochastic MA MA.1 MA2. MA.3
------- --------------------------------------------------------------------------------
%k chart.1 crosses up %d chart.2 crosses up buy/sell/no trade buy/sell/no trade buy/sell /no trade
%k chart.1 crosses up %d chart.2 crosses down buy/sell/no trade buy/sell/no trade buy/sell/no trade
%k chart.1 crosses below %d chart.2 crosses up buy/sell/no trade buy/sell/no trade buy/sell /no trade
%k chart.1 crosses below %d chart.2 crosses down buy/sell/no trade buy/sell/ no trade buy/sell/no trade
------------------------------------------------------------------------------------------
%k chart.3 crosses up %d chart.3 crosses up buy/sell/no trade buy/sell/no trade buy/sell /no trade
%k chart.3 crosses up %d chart.3 crosses down buy/sell/no trade buy/sell /no trade buy/sell /no trade
%k chart.3 crosses down %d chart.3 crosses up buy/sell/no trade buy/sell /no trade buy/sell /no trade
%k chart.3 crosses down %d chart.3 crosses down buy/sell/no trade buy/sell /no trade buy/sell /no trade