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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.
    Metatrader 5 / Metatrader 4 for MQL5 / MQL4 articles preview preview
    Trading blogs || My blog

  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

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