Simple. The indi takes the value of all MAs, and calculates the the spacing between each. So when the indicator is near 0 and has an average spacing of 0 pips, it's likely that a breakout will occur. It's just a matter of direction.

Scalping the Rainbow

Instead of shooting for more pips...if you know that every signal nets hits +20 pips at one point shortly after the trade is opened, why not take that +20 pip signal and look for another one? If this is truly mechanical as you say, then it should be ...

MTF Synery Trading - Testing purpose

MACD and Stochastics, those aren't standard values as far as I know, and how did you come to choose the timeframes that each uses?

Trend Champ

Depends on how he optimized it. That would determine how robust the EA is and consequently how well it will perform in the market.

Trend Champ

[/INDENT] This last bit bothers me a little. You have been cycling through many systems lately. What basis do you have that this one is profitable? Is it all the financial porn (eye candy on the charts) that you're looking at? Here is a trading ...

MTF Synery Trading - Testing purpose

instead of simply 30, try PERIOD_M30

What am I doing wrong? (Simple Stochastic value problem)

This EA made $189 Billion

What is the best ea in this forum??

Those must be pretty good filters =D The original turtle trading system I believe had a 30% win rate.

Trend Champ

Here's an indicator I whipped together. It shows MA consolidation. The closer to 0, the more likely a breakout will occur.

Scalping the Rainbow

Look through any of my EAs, they have a host of stoploss techniques. I don't have a stepped stoploss in there, but I think you'll be able to figure it out from there.

stepping trailing stop

As mystical as you tried to sound, I don't think it worked =D All I see are 1-2-3 breakout setups.

Trading In The Dark

Looks like a series of 1-2-3 breakouts to me =D

Scalping the Rainbow

Have you accidentally logged into the "investor" account? (That's read-only)

MT platform periodically not allowing trades

I think what matters more is how long the trades last. If those 2-3 trades account for certain market inefficiencies which last a few minutes, then that would be scalping in my book.

EA for scalping

Put it here, and I'm sure there will be a dozen downloads within an hour.

EA for scalping

I'm asking whether or not Step 3 has to happen only after step 1

the three step trade

Question in line

the three step trade

Perhaps it would be better if you started a journal. This thread is specifically titled "NY Breakout" and I feel this detracts from the topic at hand.

NY Break Out

It's not an EA, it's a script. A script is simply a pre-defined piece of code which runs only for the tick that you call it on.

want an ea to put on a trade.

Alternatively, you could just use a script which you can call with a hotkey...

want an ea to put on a trade.