I chose to make my system visually simple and to this end, I found that a trend following system that relied on moving averages was best for me. There are 2 different plans of S…. AdxVma trend — indicator for MetaTrader 5 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. There are many subtleties to any system, even if it is a relatively simple MA cross, so I cannot stress the importance of screen time. WallStreet Forex Robot 2. I want to trade in this occasion with the trend
Variable Moving Average (VMA) A VMA is an EMA that is able to regulate its smoothing percentage based on market inconstancy automatically. Its sensitivity grows by providing more weight to the ongoing data as it generates a better signal indicator for short and long-term markets.
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What we do not know is how big is the trend. My indicators are the trailing type and so are yours. The pts takes profits in case the trend is not strong and the trailing stop for the big moves.
If you look at the first pic, a divergence is when an oscillator is making higher lows and the price is making lower lows or vv.
The left divergence shows a tendency to go short, the second one to go long. Basically the direction of the oscillator will give you the new direction of the trend. The first divergence pointed down on the osc and later the prices trended lower. You must be careful as it is a leading indicator and you have no idea when the trend will change, as it may take some time and continue in the same direction for more pts than your stop loss.
Ask me how I know! He works with RSI but all oscillators are similar. Like I said with the VMA, it has a tendency to not cross when things are sideways, if you look at the second pic, you will see that at the top it has gone flat and the values of the red and black are the same. Normally with an EMA 1 and 4, it will be crossing at almost every few candles.
What the non-cross means is there is no exit signal if you are currently in a trade and no entry signal if you are not in a trade. This may be easier for you to see, but I have been using this for so long that I may have internalized it. One thing I do know, is that when the 4 lines converge, hold tight!!! It cannot contract any more so must expand, and usually with force! There are many subtleties to any system, even if it is a relatively simple MA cross, so I cannot stress the importance of screen time.
This system is basically a 1 and 4 cross. If you miss the cross, you can get in on a flat time by either going with the trend or by using a breakout entry.
What I suggest is to put this template to the 1M chart and watch things move. It does not repaint which is nice. Just watch the candles form, the lines move, the chimp oscillate. Screen time is what I suggest.
I thought I saw that you'd done an EA so assumed you could add that code if not already and I didn't download your attachments. Thanks for the follow up.
Looks like a good, well thought out strategy. I'll certainly be inputing to this thread if I can add any value, but I'm more from the coding angle. Exreign Forex EA Price: WallStreet Forex Robot 2.
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Download Free Forex ADX VMA MTF Zig Zag Alerts Indicator developed for metatrader 4 trading platform to produce most accurate buy and sell signals. I use the VMA to cut down on the whipsaws that are inherent with MA’s but other than that, it is no different than the system one first learns about in Forex , the moving average cross. The idea that when ATR is bigger than St Dev denotes a trend is valid; it is the big ‘decision’ candles that we want. Forex ADX VMA Bands Indicator; What does Forex Indicator mean? A forex indicator is a statistical tool that currency traders use to make judgements about the direction of a currency pair’s price action. .