Indicator for EA to avoid sideways market
-
Hey guys. I hope that you guys are doing well. I know that here must be a few gurus and thought it is worth asking the question: I have created a moving average crossover EA that appears to be profitable about 50 percent of the time. On average I loose 5 trades in a row when the market is going sideways (ranging) and then I win about 4 trades that are profitable that makes up for the losses, atleast sometimes though. I was hoping that someone can tell me what indicator I can use to keep me from a sideways market that I can add to my EA. I know it is impossible to have a 100 percent win rate but I'm looking for atleast a 8 out of 10 wins over losses. I have tried ATR but it does not seem to work.
-
@rogerthat Adx may be one, ADX < 18 = no trend. But as all indicators it give you the past.
-
@miki Thank you. I will give it a try.
-
@rogerthat I've also been looking into an EA crossover strategy and had this problem too. It's great when we get a trend going, but sucks if we are range bound! Would love to see the EA if you dont mind!
