Murrey Math system

Originally Posted by rogeriob28

Hi ND,
I'm looking for the best reversal point and exit for open orders.
Sometimes an order reaches 300 points and returns to 0.

See image.

Attachment 26948
Regards,
Rogério

Hi Rogerio! What EA are you using in the screenshot ? Or maybe are you using some specific trading system ?

Hi ape_epa,
This is an EA I have been developing for some time and learning the MQL4 language.

The biggest difficulty is finding the best exit point.
I am testing SL based on ATR, Support and Resistance etc.
I'm also looking for a way to use Fibo.

Regards,
Rogério

The Murrey Math indicator has interesting information for filtering entries and Exit.



Regards,
Rogério

Hi
Another EA
https://www.forexfactory.com/showthread.php?t=297805

https://www.forexfactory.com/showthread.php?t=306988

Regards,
Rogério

Murrey EA - expert for MetaTrader 4

This Expert Advisor is based on Murrey lines, Stochastic oscillator, Candles, Bollinger Bands.

• Oversold occured when price breaked level 8/8 and stochastic >70 and target level 7/8 , with auto trail, when candle close above 8/8
• Overbought occured when price breaked level 0/8 and stochastic<20 and target level 1/8 , with auto trail, when candle close bellow 0/8
• What's new : V4 -> no order modify error 134 , and I will always update EA when I have time....

Recommendations:

• I. 5 digits pair
• II. Best timeframes: M15,M30,H1,H4
• III. Please follow the trend before running EA , you can disable buy by setting. Enable Buy :false , you can disable sell by setting Enable Sell:false

So EA will work good when you take a look at the trend and follow only the trend, disable Short or Long.

Here is some unorthodox forex trading strategies:

1. The Sidus Method
2. Murrey Math
3. 4 Hour MACD Strategy
4. Mouteki System

Murreys_Math_Oscillator - indicator for MetaTrader 5

Murreys Math Oscillator is a market direction oscillator with Murray levels.
When the oscillator reaches the next Murray level, the column color changes to the one corresponding to that level.

MurreyMathFixPeriod - indicator for MetaTrader 5

Murrey levels are an efficient tool to forecast the changes in price movement. The main idea of this system is that all markets move in the same manner.

The levels were developed based on Gann theory: The basis is Gann square 8x8 used for describing the price movement with the time. These Murrey levels make the market clearer for a trader and help you make your trading profitable. They can be added to various trading strategies.

LAX Murrey Math Levels indicator - post #16

A good method of trading in the forex market. I cannot say that this is the most effective method, but nevertheless I have been using it for more than two years and do not complain about the result.