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A trader has provided me with this description to his day trading approach for the S&P500. I would like to have it as an EA for Metatrader 4 (also see the attached Word document whuch are examples of his system)
---------------
The red and blue arrows indicate 'potential' entries on a 5 min chart that are triggered by a 'change in direction'.
These are most of my criteria:
Blue arrows - bullish entries:
Movement up through the 10 ema
A close above the 10 ema
Movement above a green bar, especially after a series of red bars
A (relatively) large green bar
Movement above a previous high or spike
Movement above a red bar
Red arrows - bearish entries:
Movement down through the 10 ema
A close below the 10 ema
Movement below a red bar, especially after a series of green bars
A (relatively) large red bar
Movement below a previous low or spike
Movement below a red bar
Be aware that sometimes the market quickly reverses a signal and that is a different signal.
You also want to take into account the phase that that the market is displaying and observe when the phase starts to change.
ie
When above the 21 and 55 emas - generally more bullish
When below the 21 and 55 emas - generally more bearish
When above the 21 and 55 emas, bears will take profits quickly and bulls will hold longer
When below the 21 and 55 ema, bulls will take profits quickly and bears will hold longer
Generally, I would recommend only trading one side of the market - eg Buy bullish signals and use bearish signals to protect profits.
---------------
The red and blue arrows indicate 'potential' entries on a 5 min chart that are triggered by a 'change in direction'.
These are most of my criteria:
Blue arrows - bullish entries:
Movement up through the 10 ema
A close above the 10 ema
Movement above a green bar, especially after a series of red bars
A (relatively) large green bar
Movement above a previous high or spike
Movement above a red bar
Red arrows - bearish entries:
Movement down through the 10 ema
A close below the 10 ema
Movement below a red bar, especially after a series of green bars
A (relatively) large red bar
Movement below a previous low or spike
Movement below a red bar
Be aware that sometimes the market quickly reverses a signal and that is a different signal.
You also want to take into account the phase that that the market is displaying and observe when the phase starts to change.
ie
When above the 21 and 55 emas - generally more bullish
When below the 21 and 55 emas - generally more bearish
When above the 21 and 55 emas, bears will take profits quickly and bulls will hold longer
When below the 21 and 55 ema, bulls will take profits quickly and bears will hold longer
Generally, I would recommend only trading one side of the market - eg Buy bullish signals and use bearish signals to protect profits.
Yanıtlandı
1
Derecelendirme
Projeler
103
20%
Arabuluculuk
6
0%
/
83%
Süresi dolmuş
3
3%
Serbest
2
Derecelendirme
Projeler
13
23%
Arabuluculuk
7
0%
/
71%
Süresi dolmuş
3
23%
Çalışıyor
3
Derecelendirme
Projeler
481
23%
Arabuluculuk
58
55%
/
26%
Süresi dolmuş
55
11%
Yüklendi
4
Derecelendirme
Projeler
72
22%
Arabuluculuk
13
46%
/
15%
Süresi dolmuş
5
7%
Serbest
5
Derecelendirme
Projeler
204
30%
Arabuluculuk
25
40%
/
44%
Süresi dolmuş
12
6%
Serbest
6
Derecelendirme
Projeler
16
0%
Arabuluculuk
8
13%
/
75%
Süresi dolmuş
3
19%
Serbest
7
Derecelendirme
Projeler
333
35%
Arabuluculuk
66
12%
/
58%
Süresi dolmuş
87
26%
Serbest
8
Derecelendirme
Projeler
1063
50%
Arabuluculuk
39
28%
/
41%
Süresi dolmuş
49
5%
Çalışıyor
Yayınlandı: 1 makale, 8 kod
9
Derecelendirme
Projeler
23
57%
Arabuluculuk
2
50%
/
0%
Süresi dolmuş
0
Serbest
10
Derecelendirme
Projeler
5
0%
Arabuluculuk
0
Süresi dolmuş
0
Serbest
11
Derecelendirme
Projeler
91
25%
Arabuluculuk
26
19%
/
54%
Süresi dolmuş
25
27%
Serbest
12
Derecelendirme
Projeler
91
13%
Arabuluculuk
34
26%
/
59%
Süresi dolmuş
37
41%
Serbest
13
Derecelendirme
Projeler
2905
63%
Arabuluculuk
122
44%
/
25%
Süresi dolmuş
429
15%
Çalışıyor
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