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Expert Advisor Based on FXRaider's Trade Strategy
Three timeframes are used in the strategy (I'm a big fan of A. Elder, herein as well). W1, D1 and H4. Let's consider it in course.
W1. Everything is simple here. Two MAs and my Awesome (in the attached archive). Why did I intrude into the code of Awesome and add the possibility of changing period? I just don't think that the standard values of the EMA in this indicator are optimal for the trading. But I like the representation of the indicator very much so I use it of all others. However, it appears more like the MACD hystogram, in this case. Decreased to 36%.
t_ma.mq4 2.14 kb, 33 downloads since 2014-10-26
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PTHANAKIT wrote:
How to use this ea and setting. can use this for all major pair or not?
i think you can use simple setting for this ea and you can install it as other simple ea installation.
i do not know about which pair.
thank.
ronobee wrote:
PTHANAKIT wrote:
How to use this ea and setting. can use this for all major pair or not? i think you can use simple setting for this ea and you can install it as other simple ea installation.
i do not know about which pair.
thank.
Hi ronobee
Thank very much for you comment
PTHANAKIT wrote:
ronobee wrote:
PTHANAKIT wrote:
How to use this ea and setting. can use this for all major pair or not? i think you can use simple setting for this ea and you can install it as other simple ea installation.
i do not know about which pair.
thank.Hi ronobee
Thank very much for you comment
you are most welcome man....
This EA is designed based on a trading strategy from FXRaider. It uses three different timeframes: W1 (Weekly), D1 (Daily), and H4 (4-hour).
Here's how it works:
W1 (Weekly): On this timeframe, the EA uses two Moving Averages (MAs) and a modified version of the Awesome Oscillator. The modification allows you to change a certain setting (period) to make it work better for trading. The standard settings for the EMA in this indicator might not be the best for trading, but the indicator itself is pretty cool. It's a bit like the MACD histogram but with some changes.
This EA tries to use these indicators and the strategy from FXRaider to make trading decisions. It's like having a digital helper that follows these rules automatically.
Why it's considered good by some traders:
-It uses a combination of different indicators and timeframes, which can help in making more informed trading decisions.
-It's customizable, meaning you can adjust settings to fit your trading style.
-It simplifies the trading process by automating the strategy.
Hope this gives you a clearer picture of how this EA works!
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