Emerald EA Builder – Weekly Update v1.3 – Trading Strategies – June 20, 2024
1. Introduction
Emerald EA Builder, as the name suggests, is an Expert Advisor Builder (EA Builder) that provides a wide range of indicators and price action signals, allowing you to quickly develop your own strategies for Forex, Stocks, Futures and any other markets of your choice. .
Are you tired of buying fraudulent EA from the market? Easily create your own strategy with just one expert advisor.
Combines over 20 available indicators and 10 price action signals, including your own add-ons. custom metrics, Emerald EA Builder allows users to create infinite strategies. That said, EA is helpful to non-coders in that you don’t need to know MQL5 to create strategies for built-in or custom indicators. At the same time, EA simplifies the process, which benefits coders because they don’t have to code thousands of EAs every time they come up with a new strategy.
Our main goal is to provide Expert Advisors that are fast, secure, and easy to use. This is why a 4-year optimization period typically takes a few minutes to complete on an 8-core CPU (1 minute OHLC or open price modeling).
These are the weekly update notes included with EA.
2. Weekly updates
This week we jumped from version 1.0 to 1.3!
Among the performance updates (EA is now faster…) and bug fixes (… and safer!), a few new signals were added this week. Let’s find out more about them:
- outside bar: Outside bars occur when a new bar is formed and the high point is higher than the previous high point, but the low point is also higher than the previous low point.
- 123 Buy/Sell: 123 is a three candle price action pattern that occurs during a certain period of time. long signal When the low of the middle bar is lower than the low of the first and third bars and the high is lower than the high of the first and third bars; all short signal It occurs when the high of the middle bar is higher than the high of the first and third bars, and the low is also higher than the low of the first and third bars.
- Ignored Bar: Ignored Bar is a three candle pattern that occurs on a buy signal when the middle bar is a bearish candle but the low is above the low of the third bar. Additionally, the first bar must close above the mid-bar high. A short signal occurs when the middle bar is a bullish candle, but its high is lower than the high of the third bar. Additionally, the first bar must close below the mid-bar low.
We also Rate of change (ROC) indicator. ROC indicates how much the price has fluctuated over a specific period of time. Let’s assume the current price is 1. If it closes at 1.10 the next day, the RoC will be 10% for 1 period. If it closes at 1.20 the next day, the RoC will be 20% for 2 periods. This indicator is good for avoiding entering a position when the price has already moved too much.
More pattern parameters have also been added. For example, you can customize how you define a Doji (by default, a Doji breaks if the open and close of the candle is between 33% and 66% of the candle’s amplitude) or Hammer Candles (by default). , a buy hammer occurs when the lowest price between the closing price and opening price exceeds 75% of the candle amplitude, and the highest price between the closing price and opening price must be greater than 90% of the candle amplitude. In other words, an inverted hammer occurs. hammer occurs in the opposite direction).
Take a look at some of our recently added patterns.
Example of musibar for a long position:
External bar example:
123-Sales Example:
