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eur/usd trend catcher
It catches long trends by crossing a moving average on 15min time frame.
IT has 50 pip noise filter which prevents the EA to jump on every little move.
eurusdv2_0.mq4 5.57 kb, 54 downloads since 2014-09-28
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Hi Antony,
Is this ea used on m15 timeframe only?
Does this ea work well on RANGING MARKETS? or it only works on TRENDING MARKETS?
Can you share backtesting or forward-testing results of this ea to show profit factor, max Array, etc?
+ Because it catches strong trend, do you think it works well on GU, Gbpjpy, Eurjpy because these pairs are many times TRENDING MORE STRONGLY than EURUSD?
Do you think this ea needs any more modifications to make it perform BETTER in all market conditions (ranging-bound markets, trending in one-way direction, etc)? Please advise.
Thanks
James
Hi Antony,
Is this ea used on m15 timeframe only?
Does this ea work well on RANGING MARKETS? or it only works on TRENDING MARKETS?
Can you share backtesting or forward-testing results of this ea to show profit factor, max Array, etc?
+ Because it catches strong trend, do you think it works well on GU, Gbpjpy, Eurjpy because these pairs are many times TRENDING MORE STRONGLY than EURUSD?
Do you think this ea needs any more modifications to make it perform BETTER in all market conditions (ranging-bound markets, trending in one-way direction, etc)? Please advise.
Thanks
James
Yes, this EA is designed for the 15-minute timeframe.
EA's like these typically work best in trending markets. Ranging markets can be a bit trickier, as they produce many false signals. While this EA has a noise filter to address this, it's still primarily suited for trending conditions.
I've had success with similar EAs on other pairs, like GBP/USD, GBP/JPY, and EUR/JPY. These pairs can indeed exhibit strong trends, so you might consider testing them with this EA.
Every EA can benefit from fine-tuning to perform better in various market conditions.
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