- Oktober 7, 2020
- Geplaas deur: Forex Wiki-span
- Kategorie: Gratis Forex EA
Hallo Forex Wiki Vriende,
JAGY V1.0 EA Description :
System configuration
Time frames: 1 hour and 15 minute.
Instruments: Although it was initially designed to operate in the Forex market, it can be used in practically any market thanks to its simplicity. For Forex traders, the system can be applied in any time frame, although you have to consider the fact that some pairs like EUR / JPY or GBP / JPY are more volatile and EMAs can take longer more in reacting to changes in price than with other currency pairs.
Aanwysers: Three exponential moving averages with the following settings:
EMA 10
EMA 25
EMA 50
System entry rules
Buy signal: Open a buy position when the 10-period EMA crosses up the 25-period EMA and subsequently crosses the 50-period EMA also in a bullish direction.
Sell signal: Open a sell position when the 10-period EMA crosses down the 25-period EMA and subsequently crosses the 50-period EMA also in a bearish direction.
* Let wel: To avoid false trading signals, especially in highly volatile instruments, it is recommended to wait for the current candle to close above the 50-period EMA (buy signal) or below the 50-period EMA (signal to buy). comes out).
Exit Rules
We can actually apply two criteria to close a position with this system:
Criterion 1: We close the position when the 10-period EMA crosses the 25-period EMA in the opposite direction to the trade.
Criterion 2: We close the position the moment the 10-period EMA touches the 50-period EMA.
In this case my recommendation is to use criterion 1 since the benefits obtained are better protected.
Stop loss: As for the stop loss, there is no rule about it. Egter, I would like to use a stop placed about 10 pips below the 25-period EMA (buy position) or above the 25-period EMA (sell position). Depending on the risk tolerance of each account, it should be possible to implement tighter or wider stop losses.
Due to its simplicity it can be applied in practically any foreign exchange market. Gold and oil can be tested, but I consider it risky.
Like any moving average strategy, it produces many false signals in sideways trending markets. For this reason, I would like to use it in combination with indicators that allow confirming the strength and direction of the trend, such as the ADX (Average Directional Index) by Welles Wilder.
Makelaar Vereiste :
JAGY V1.0 EA SETTINGS:
JAGY V1.0 EA RESULTS:
DOWNLOAD JAGY V1.0 EA :