Suggestion NEW INDICATOR NEEDED, HERE is THE Winner Strategy

Hi Friends,

Could you help to develop a brend-new indicator or EA which is based on my strategy?
So:
I have traded very successful with this method:
Simple chart has a RSI (8) and I have added for EMA(2) with apply to first's indicator data (for RSI) then change EMA(2) to "Apply to: close". Then I monitor the RSI's EMA. It is very useful to me, cos my strategy is based on it.
I will buy, when EMA(2) is under 30 and sell when is above 70 on M5 timeframe.

Could you advise me or make these indicator, or EA?

GOOD DAY!!!
THANKS IN ADVANCE!

 

Hi, can you please share MT4 template? Thanks!

 

At least a screenshot would be helpful

 

The strategy you suggested it seem profitable but one issue during chart shifting. The EMA(2) is shifting up and down when chrart shifts left to right.
Is it well working during LIVE?

 

Hello, who are interested indicator binay option

 

If you select apply to previous indicators data on the MA and increase the period you will find that the MA does not move all over the place as the chart moves. Of course you will not get exactly the same as the 2 MA but I find the 12 MA gives pretty good signals..

 

Hi Dear friend,
I tried making indicator based on your strategy. But there are some problems. RSI(8) calculates 8 candlesticks including current candlestick and gives a unique value for each calculation for every next candle. Each candle has OHLC but when you add EMA(2) onto RSI(8), the RSI value is just a number and EMA(2) should consider only 2 values from RSI(8) indicator. This gives you nothing but almost the same RSI wave. When you use "Apply to: close", actually everything goes wrong and you get the EMA of the original candlestick chart and not RSI. To verify what I say,
1) Open "Data Window" from "View" tab. Hover over the EMA and you can see that EMA value shown at the end is almost similar to the candlestick data.
2) Keeping EMA(2), apply any other EMA on RSI like EMA(12) or something and then change to "Apply to: close". You will see that your previous EMA(2) and EMA(12) is shown with same values and they coincide or overlap.
Bottom line is that till the time you are actually following just the RSI and not EMA values. Observe that structure of the EMA and the candlestick chart is same. In fact, the 30-70 lines of RSI if plotted on main chart, you will see the waveform which you are using for trading. And I don't think that it's much profitable.
Please, correct me if I'm somewhere wrong. I will help you building indicator for profitable trading strategy.

 

I see on this forum also there are certain trader that having good knowledge to created robot and I see on this thread but if any trader want to created ea based system need buy service, but I am never buy it

 

Don't worry, I won't ask you for money. I will try to build it in my free time.
Get a 80-90% working strategy.

 

Hi Friends,
Thanks for every post to make. It is very worthy for me. I have find a fatal error on the testing period, which is comming from EMA value. It is told
kacharapost. THANKS FOR IT!!!
I have made some good money untill the last lagging. So It will be redefinated again.
Thanks for your efforts.

 

share indicator its easy to check or post pictures