I need help automating my Strategy on MT4
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Hi I was wondering if you could help me also with an EA. To me it feels really complicated. My strategy first involves checking 30m timeframe. For a buy the first condition is to have the price go above the parabolic SAR. Only valid If the 20ema is above the 50ema.
Once these conditions are met the next step is to look at 1min timeframe. When the MACD closes above zero line then a buy order will be placed.
A buy would become invalid if price broke below the low of the candle on the last candle on the 30 min time frame when price was below the SAR.
This low would also be my stop loss if a MACD cross did occur before this point. Take profit would be a 2:1 or next POI on 30 min timeframe.
For a sale trade its just opposite?
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I can help. However, I will not build the whole structure from scratch. Your participation is expected.
Do you have any initial fxDreema project? If so, please share the link to it and we'll move on from there. -
Hi thank you for replying. So far I have got this.
https://fxdreema.com/shared/QjRebwgUd
Definitely not working as I intended. I backtested it and it only takes a few trades and misses a lot of setups.
I have wrote a brief description of the strategy on Google doc with some images to demonstrate.
https://docs.google.com/document/d/1VmKY5_aYJzC1sYatOHl2yOvAy0SlhqDCJhBMTXtkVC8/edit?usp=sharing
I think this strategy will have some potential. I am debating to leave out the EMA's but not sure
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You are expecting 2 cross conditions to happen at the same time, this will happen extremely rarely.
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I get you. That wasn't my intention to have this happening at the same time. That explains why the tester only opened a couple of trades.
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@Cpt_Cook Wait. Are you also using 'thetrader' username. What is the point of using 2 different fxDreema accounts?
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I have two email addresses and logged in on a different device. I must have picked the wrong email address through Google Login.
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I think I'm going to just set the EA up with push notifications wiith the 30-minute timeframe setup set up a VPS and manually trade the best-trending ones on the one-minute timeframe. I appreciate your help