【This Week’s Results & ChatGPT】 Try to Managing a Free EA Portfolio 2 (17-21 April 2023)

When trading with moving average crosses in forex (foreign exchange trading), several measures can be taken to avoid damashi (false signals).

1. Use longer-term moving averages: longer-term moving averages move more slowly than shorter-term ones, reducing false signals caused by temporary price fluctuations.
2. Use multiple moving averages: a combination of short, medium and long moving averages can help to find more reliable trends. If several moving averages from different time periods cross at the same time, this may indicate that a stronger signal is occurring.
3. Combined with support and resistance lines: using support and resistance lines in conjunction with moving average crosses can help predict how far prices will move and help avoid false signals.
4. Use Bollinger Bands: Bollinger Bands show the range of price fluctuations, making it easier to identify false signals based on past price movements.
5. Combine with other technical indicators: using other technical indicators such as RSI (Relative Strength Index), MACD (Moving Average Convergence Diffusion) and Stochastics can give you more reliable trade signals and help you avoid false signals.
6. Change timeframes: you can reduce the risk of false signals by checking the moving average crosses on different timeframe charts and only considering a trade if the same signal is present on more than one timeframe.
7. Consider market conditions: fundamentals such as news and economic indicators can be considered and combined with technical analysis to identify more appropriate trade signals. If the market is volatile or there are important economic indicators to be released, it is important to deal with moving average cross signals carefully.
8. Set stop-loss and take-profit rules: always ensure good risk management and set stop-loss and take-profit rules to minimise losses due to false signals.
9. Conduct back-testing: conduct back-testing using historical data to see how reliable moving average crosses are. This will help you identify situations where false signals are likely to occur in the currency pair or time frame you are trying to trade.
10. Practise with a demo account: before investing real money, practise trading with moving average crosses in a demo account to learn how to detect and avoid false signals.

In combination, these measures can make trading with moving average crosses safer and more effective by avoiding false signals. However, it is difficult to completely eliminate false signals and risk management is important.

NOZAX Portfolio NO.2

• Account: NZX Zero (ECN) (NOZAX)
• Initial balance: 100,000 yen
• Working EA:

• TraderMind EA MT5: Currency Pair: USDCAD#, Timeframe: 1 Hour, Lot quantity: 0.04 Lot

MQL5 Free EA – Verification by backtesting 8 “TraderMind EA MT5"

• White Bear DT for NOZAX v1.13: Currency pair: USDJPY#, Timeframe: 5-minute, Lot quantity: 0.02 lot

≪Exclusive to this site≫ NOZAX.fun exclusive campaign 1st!

• Gold Multiply Funds EA: Currency Pair: XAUUSD#, Timeframe: 30-minute, Lot quantity: 0.01 lot

MQL5 Free EA – Verification by backtesting 20 “Gold Multiply Funds EA”

• Catastrofix EA MT5: Currency Pair: EURGBP#, EURAUD#, EURNZD#, EURUSD#, GBPCAD#, AUDJPY#, Timeframe: 1 Hour, Lot quantity: 0.01 lot

MQL5 Free EA – Verification by backtesting 22 “Catastrofix EA MT5”