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Murrey Math system

This is a discussion on Murrey Math system within the General Discussion forums, part of the Trading Forum category; Originally Posted by rogeriob28 Hi ND, I'm looking for the best reversal point and exit for open orders. Sometimes an ...

          
   
  1. #11
    Member ape_epa's Avatar
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    Quote Originally Posted by rogeriob28 View Post
    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 ?

  2. #12
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    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
    ape_epa likes this.

  3. #13
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    The Murrey Math indicator has interesting information for filtering entries and Exit.

    Murrey Math system-murreymath.jpg

    Regards,
    Rogério

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  5. #15
    Senior Member mql5's Avatar
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    Murrey EA

    Murrey EA - expert for MetaTrader 4

    Murrey Math system-murrey_ea_expet_advisor_metatrader4.png


    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.
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  6. #16
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    Here is some unorthodox forex trading strategies:

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

  7. #17
    Senior Member mql5's Avatar
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    Murreys_Math_Oscillator

    Murreys_Math_Oscillator - indicator for MetaTrader 5

    Murrey Math system-murreysmathoscillator.png


    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.
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  8. #18
    Senior Member mql5's Avatar
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    Murrey Math Fix Period

    MurreyMathFixPeriod - indicator for MetaTrader 5

    Murrey Math system-picture26.png


    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.
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