Still believing in Cross Moving Average and — as a programmer — always seeking the simplest solution. I came acros the sentance “there is no magic setting for cross MA”. This indicator tries out a lot of settings each time the time frame or the symbol changes or even one each new candle. It works by dull “trading” the last 100 or so candles and choosing the settings with the best success. It is simply measuring the distance between a short and a long signal, as if anybody have traded this without stop loss. It takes the spread into account.
The lower window shows the distance between the short and the long Moving Average positive values are for long trades, negative values are for short trades in pips. Using the “profit oszilator” you can end a trade in profit by examining if short/long trades have a maximum difference and ending right before the maxium.
The upper line says “Profit today with MA 5/19 is 60 pips”. The indicator or the user has choosen 5 for the fast MA and 19 for the slow MA. The next text field displays the results from yesterday followed by the signal Long or Short. Traders may like to drop two moving averages to the chart and set them up to the given value.
I am searching for more different MA recomondations in literatur.
Period for the fast MA. Ignore if optimize is true
Period for the slow MA. Ignore if optimize is true
Method for iMA
The indicator automatically chooses values for fast and slow MA
Draw triangles into the chart
Min and Max values for the optimization, it will try out values between 2 and 20 for the fast MA and 7 to 100 for the slow MA
For speeding up the search, it is trying out every third value
It is analyzing 200 candles from the past. The more candles you analyze the slower it will be, a big number may also result in less good results
Start optimization on each new candle. Note: Optimization can take some time and slow down your terminal
Ring the bell if a new signal arises
How The System Works:
The indicator draws now the moving averages inside the chart, the “profit oszilator” is inside a different indicator (MAProfit2), both communicate with global variables
– Supports MA Channels (see ebook at www.vnchanger.org), the slow moving average is split into two lines, one for low and one for high values, this should avoid losses in sidewards market
– Instead of testing all combinations, it can test certain MA ranges found in the literature. To do this set OptimizeAll to false and OptimizeSystems to true.
You can add or modify the systems table. Be sure to terminate it with 0,0,0,0,0,0
1. Copy “Optimize cross Moving average.mq4” file to C:/Program Files/MetaTrader4/experts/indicators folder
and restart your MetaTrader.
2. Open Navigator/Custom Indicators panel and drag the indicator named “Optimize cross Moving average.mq4” to the
chart of any currency pair.
Click to Download: Optimize cross Moving average.zip
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