Find here list of TOP 3 Forex EAs (Expert Advisors) or Forex Robot in 2019 - Best Forex EA 2019 Top 3 Forex Robot Forex Expert Advisor for MT4. Scam programmer usually crack code of original Robot and sell it at cheaper price. In my opinion, the best MT4 Indicator is the one which provide you the good vibrations. How to Create Trading Robots with Forex EA Generator. An indicator chart, and other useful information. Although you can develop an EA using MT4 programming.
I have tried today my first experiment to build a simple 'Moving Average cross EA'. It is a simple EA only to try the builder. The EA should buy when the 5 EMA cross the 20 SMA cross up -> long cross down -> short close positions with TP or SL and with the cross in the other direction. So far so good it opens the positions as it should be. But what i dont understand why doesnt it close the position when there is a cross in the other direction? It only closes the position with the TP or SL.
What did i wrong with the close logics? I have attached the file which you can load in the EA-builder to see the settings. Identifies Trend The Wave Principle identifies the direction of the dominant trend. A five-wave advance identifies the overall trend as up. Conversely, a five-wave decline determines that the larger trend is down.
Why is this information important? Because it is easier to trade in the direction of the dominant trend, since it is the path of least resistance and undoubtedly explains the saying, “the trend is your friend.” Simply put, the probability of a successful commodity trade is much greater if a trader is long Soybeans when the other grains are rallying. Identifies Countertrend The Wave Principle also identifies countertrend moves. 
The three-wave pattern is a corrective response to the preceding impulse wave. Knowing that a recent move in price is merely a correction within a larger trending market is especially important for traders, because corrections are opportunities for traders to position themselves in the direction of the larger trend of a market. Determines Maturity of a Trend As Elliott observed, wave patterns form larger and smaller versions of themselves. This repetition in form means that price activity is fractal, as illustrated in Figure 2-1.
Wave (1) subdivides into five small waves, yet is part of a larger five-wave pattern. How is this information useful? It helps traders recognize the maturity of a trend. If prices are advancing in wave 5 of a five-wave advance for example, and wave 5 has already completed three or four smaller waves, a trader knows this is not the time to add long positions. Instead, it may be time to take profits or at least to raise protective stops. Since the Wave Principle identifies trend, countertrend, and the maturity of a trend, it’s no surprise that the Wave Principle also signals the return of the dominant trend. Once a countertrend move unfolds in three waves (A-B-C), this structure can signal the point where the dominant trend has resumed, namely, once price action exceeds the extreme of wave B.
Knowing precisely when a trend has resumed brings an added benefit: It increases the probability of a successful trade, which is further enhanced when accompanied by tradition[IMG]file:///C:/Users/Luke/AppData/Local/Temp/msohtml1/01/clip_image002.jpg[/IMG]al technical studies. Figure 2-1 4. Provides Price Targets What traditional technical studies simply don’t offer — high probability price targets — the Wave Principle again provides. Elliott wrote about the Wave Principle in Nature’s Law, he stated that the Fibonacci sequence was the mathematical basis for the Wave Principle.