Based on this strategy posted on ForexFactory, and then on Metatrader Experts and Indicators Group from Yahoo, where I read it:
"I use a couple of mtf stochs (setting at 5min{5.3.3}, 30min{5.3.3}, 1hr{5.3.3} and 1hr{14.3.3}) on the 5min tf. When all the signals aligned(30min and the two 1hr stochs) u pull the trigger when the 5min stoch cross!!!
The result is truly AMAZING!!! test it out and see for urself guys!!
by using 5min stoch cross to enter, that means u enter at the tip of a trend, the stoploss u need is extremely small (5-8pips). And the probability of the market going your way is EXTREMELY HIGH!!!
It would be great if we could hav an alert when the 30,1h and (14.3.3) 1h Stoch align, then we just wait for the 5 to cross to enter
I would like to request any of the kind people who know programming to help program a signal alert indicator using the above setting... Your help is truly truly! appreciated!!
Thanks and take care!"
I make this test EA, whit some impressive results, it wont trade much, but the results are impressive. Later I will attach a testing version and some results from optimization.
There are some problems that I still don't know if there is a coding problem or with this specific pair EURUSD, but only Long orders are profitable.
Default settings on 89% precision give this results.
Live Statement on test account here!
VERSION 3 - DOWNLOAD HERE