The correct order (version 1.0.01) – EA MetaTrader 4
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The correct order is a set of moving averages located consecutively. The correct order for an uptrend would be the situation, when the 10-period simple moving average (SMA) is on a higher price level than the 20-period SMA, which is above the 50- SMA. That one, in turn, is above the 100- SMA, and 100- SMA is above the 200- SMA.
In a downtrend, the opposite is true.
The presence of moving averages located consecutively is usually a strong indication of trend condition movements and indicates that the momentum is on the trend side, but the moving averages serve as the support levels.
In order to use the correct order strategy with more reliability, added ADX check, which must be greater than 20 and have an increasing tendency.
Entry – after 5 candles once the correct order forms, exit – once the correct order gets violated.
Testing Results:
Strategy Tester Report
TrueSort_0002
SIG-Demo.com (Build 220)
Symbol
EURUSD (Euro vs US Dollar)
Period
1 Hour (H1) 2008.06.04 23:00 – 2009.02.20 22:00
Model
Every tick (the most accurate mode based on the shortest available time frames)
