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CROSSING 2JMA

The Crossing 2JMA Expert Advisor is a part of the series "Simple trade strategies based on moving averages". Here is a brief description. For more information on how to use this Expert Advisor, the test results and the analysis of its operation please refer to the corresponding article published in my blog TRADING WAY.

You may want to purchase the full version of the Expert Advisor with additional features: Crossing 2JMA Martingale.

Two JMA indicators with fast and slow periods (can be downloaded from Code Base) are used for generating signals. All operations are performed according to formed bars on the current timeframe.


The list of Expert Advisor parameters:

  • Fast Indicator Period – period of the fast JMA indicator (with a smaller period).
  • Slow Indicator Period – period of the fast JMA indicator (with a higher period).
  • Difference – difference between values of the fast and slow JMA indicators in points. If you set a zero value, this parameter will not be considered.
  • Take Profit – distance in points from an entry point to the level of fixing a profit. If you set a zero value, the level of fixing a profit will not be set.
  • Stop Loss – distance in points from an entry point to the protection level. If you set a zero value, the protection level will not be set.
  • Trailing Stop – step in points used for modification of the protection level in the profitable direction. The level is calculated using maximums (High) for Sell positions and minimums (Low) for Buy positions. If you set a zero value, modification of the protection level will not be performed.
  • Reverse – in this parameter, one can specify if positions will be reversed in case an opposite signal appears.
  • Lot – position volume.


Conditions:

A signal to open a position is true if the following conditions are fulfilled:

For a BUY position:

  • The fast JMA indicator value on the last formed bar is higher than the one of the slow JMA indicator.
  • The fast JMA indicator value on the last formed bar is higher than the previous value (pointed upwards).
  • Open price of a new bar is above the values of the fast and slow JMA indicators.

For a SELL position:

  • The fast JMA indicator value on the last formed bar is lower than the one of the slow JMA indicator.
  • The fast JMA indicator value on the last formed bar is lower than the previous value (pointed downwards).
  • Open price of a new bar is below the values of the fast and slow JMA indicators.


Additional parameters and features:

The Expert Advisor has two additional parameters (not displayed on the information pane):

  • On/Off Info Panel – enables/disables the informational and trading panel on the chart.
  • Setting “On The Fly” – enables/disables the possibility to adjust parameters using the informational and trading panel.

Several Expert Advisors from this series can be attached to different charts (symbols) without causing any conflicts in their operation.

Andrey Litvichenko
7566
2017.10.18 03:33 
 

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Nork
6022
2016.03.21 04:02 
 

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Rodrigo da Silva Boa
7193
2015.12.14 06:09 
 

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Gennadiy Sidorov
1462
2014.05.16 07:23 
 

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Vadim Strelkov
7946
2014.03.14 13:22 
 

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