Market / MetaTrader 4 / Indicators /

Cross MAs Trend Entry

30 USD

Demo downloaded: 18

Published: 13 October 2020

Current version: 1.1

Cross MAs Trend Entry

Indicators
Georgi Gaydarov
Version: 1.1
Updated: 20 October 2020
Activations: 10

This cross MA and trend line indicator defines entries based on fast and slow MA and on the previous bot or top. The entry is displayed together with indicative prices for target and stoploss. It also gives a indicative pending sl and tp in case you set a reverse stop order.

The prices are based on tops and bots from my strategy which I use in my other indicator - https://www.mql5.com/en/market/product/56045.

The entry shows you if a correction is strong and will become reverse trend or if the correction is weak and the trend will continue. Based on that, I prefer to open straight order on the trend direction and to set pending order (on the stoploss price) in the opposite direction. This way you will profit no matter in which direction the price will go. Set the pending lots at least to cover your loss from the straight position.

! Before using the indicator please optimize it in the strategy tester for your symbols. For some symbols slow MA 400 may work, for another slow MA 300 will work, etc.

Input parameters:

MA1 period (Slower)
MA2 period (Faster)
MA1 shift
MA2 shift
MA1 method
MA2 method
MA1 price
MA2 price
Start time of trading - from what time to start looking for entry
End time of trading - when to stop looking for entry
Font size of the texts
Color of the texts
Distance from the bar
Text displayed for the entry

Notes:

the indicator does not draw the MAs (to keep the chart clean). But you can always add them manually
the indicator does not draw my tops and bots (if you want to use them for your strategies, you can check my other indicator)
If sell order should be open the Entry is displayed above the closed bear bar
If buy order should be open the Entry is displayed below the closed bull bar
It works on the timeframe on which is the symbol currently
It displays all your previous entries on initialization
There is no strategy that works constantly, so optimize the parameters often

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Version 1.1 2020.10.20

Changed the distance input parameter to be in points, so it is more compatible to different charts.
Fixed bug that when remove indicator it removed all objects on the chart. Now it removes only the entry texts