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Name:
Elite eFibo Trader 2.6
Author: eliteeservices (2009.08.11 11:09)
Downloaded: 4014
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 Elite eFibo Trader v2.6.mq4 (27.5 Kb) View

The following additions were added with this new version:

Moving Average Cross Logic to determine if EA will buy or sell.

  • Parameter 1: MA On/Off If off, module is off. If on, override the Open_Buy = false, Open_Sell = true, with the following logic:
  • parameter 2: MA1-Slow default 65 parameter 3: MA2-Fast default 15

If MA2 Crosses Under (starts below then goes over) MA1 then buy. (begin eFibo algorithm LONG) during this trade, if the lines reverse, i.e. MA2 Crosses Over MA1, then:

if there is a profit in total on all trades, close all positions and wait for another cross (reset) if there is a loss, set a 15 pip trailing stop.

If MA2 Crosses Over (starting above going under) MA1 then sell (begin eFibo algorithm SHORT) during this trade, if the lines reverse, i.e. MA2 Crosses Under MA1, then: if there is a profit in total on all trades, close all positions and wait for another cross (reset) if there is a loss, set a 15 pip trailing stop.

  • parameter 4: RSI Filter on/off if off, module is off if on, Do not enter any new long trades if RSI is greater than RSI High Do not enter any new short trades if RSI is lower than 30.
  • parameter 5: RSI period 14 default parameter 6: RSI High 70 default Parameter 7: RSI Low 30 default parameter 8: trailing level default 15 pips
6 comments  To post a new comment, please log in or register

hi, i applied the EA for the last two month GBPUSD, do you have any suggestions on calibrations ?


13.09.2009 17:50 ukalgo

Any pair can be used. Suggest GBP/USD and USD/CHF

27.08.2009 07:31 eliteeservices

What currency pair en timeframe do you recommend for this expert?

23.08.2009 09:10 mitija

MQL4 users - See Algorithm in PDF - Mindjet. This is not a conventional way to document an algorithm so it doesn't look like a traditional algo - but the logical flow is intact. http://eesfx.com/eesfx/images/fbfiles/files/Elite_eFibo_Trader_MJ_Algo1.pdf p.s. There isn't any way to upload this file to mql4.com connected to this code - could this be an added feature? For example it would be useful to upload template files in relation to this EA.

15.08.2009 01:38 eliteeservices

This is fully automated, however it is not a full trading solution. That means it does not require any human intervention, it is 100% automated, but it is most effective with an underlying bias of the markets.

14.08.2009 02:02 eliteeservices

Thanks for the updates. I will give this a test. I take it is still to be used only as semi-auto, but then I think you probably would only advise that for any automated trading.


12.08.2009 05:56 FXIA