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Simple 5 / 8 moving average crossover

Quoting stelpm
I just happened to come across this thread, which is quite old but which interests me. Perhaps the fact that this thread seems to have died is indicative of the lack of consistent success in the following years since 2007.

The sample chart featured shows a 5/8 crossover right after a top was made, as if the trader had a "sure-fire" way to determine when and where that top occurs. I can become an instant millionaire, in theory, if I go back over historical charts and pick all the crossovers that happen after a top or bottom have formed. But,...
The reason I think this thread kinda died out is not from the fault of the method but due to the fact that most of the participants here at FF are looking more for instant gratification than actually becoming successful long term traders......

There are many successful systems but most will not and do not have what it takes to be traders, they jump from system to system in search of something that will never happen.... a system that never has a drawdown or multiple losses in a row.

The key to trading is Discipline, Consistency, and Risk Management...... You don't always have to be right but your wins have to be bigger than your losses.
system with a 40% win rate can be extremely profitable, but you have to be able to go through the losing periods.

Here is an hour long video that I think you will find well worth watching....... What Makes a Successful Trader.

Happy trading, hope you have a profitable new year.
Quoting tradestar1
The reason I think this thread kinda died out is not from the fault of the method but due to the fact that most of the participants here at FF are looking more for instant gratification than actually becoming successful long term traders......

There are many successful systems but most will not and do not have what it takes to be traders, they jump from system to system in search of something that will never happen.... a system that never has a drawdown or multiple losses in a row.

The key to trading is Discipline, Consistency, and Risk Management.........
Thanks for the links Tradestar
Your welcome, I hope they are helpful.
I also appreciate the links ......the article about seykota is great. I'm finding the magazine really resourceful.
pemully All Time Return: 39.1%
Quoting stelpm
I just happened to come across this thread, which is quite old but which interests me. Perhaps the fact that this thread seems to have died is indicative of the lack of consistent success in the following years since 2007.

The sample chart featured shows a 5/8 crossover right after a top was made, as if the trader had a "sure-fire" way to determine when and where that top occurs. I can become an instant millionaire, in theory, if I go back over historical charts and pick all the crossovers that happen after a top or bottom have formed. But,...
A bit of additional trading knowledge helps. You don't need to rely solely on the crossover itself, as you can use it in conjunction with chart patterns for example. For instance, if you see a head and shoulders top you can just go short using the traditional criteria, and then use the 5/8 to help you decide when to exit. Not every trade sets up the same, and experience and discretion certainly do help to keep you from jumping on each and every cross. Knowing when to expect consolidation periods will help keep you from doing just that. You can even zoom in and use the 5/8 on lower time frames. Say you're using the weekly chart to position trade and it starts to consolidate within a range. Then you can drill down to the daily and capture smaller moves, and if/when the daily tightens up you can go to the 4 hour. And if that tightens up then just sit out and wait until a trend develops. I've noticed that pullbacks into the 5/8 can be great entries during a trend. Use a MTF moving average so you can see the weekly or daily MA's on the daily or 4 hour charts, respectively, and use whatever other types of indicators you like to use to help you enter. Heiken Ashi bars, stochastics, MACD, etc.
Get money, don't let money get you.
l just love,its magic on bigger time frames
trade the markets not emotions
love the simplicity of MA's has anyone managed to use crossing MA's for scalping e/u ???

thanks guys
Simple and Amazing....5/8 EMA can give a valid signal from the top/bottom to the bottom/top...try this and it is good for our health...
Quoting zoearrso
Simple and Amazing....5/8 EMA can give a valid signal from the top/bottom to the bottom/top...try this and it is good for our health...

Hahaha winning is always good for the health!


I use this strategy from long time ...the best strategy in the world .....i am using an automatic strategy on trade station .....here last update on open positions......because is a long list i divided in 2 parts......
Attached Images (click to enlarge)
Click to Enlarge Name: part1.png Size: 59 KB Click to Enlarge Name: part2.png Size: 53 KB
Quoting gioviforex
I use this strategy from long time ...the best strategy in the world .....i am using an automatic strategy on trade station .....here last update on open positions......because is a long list i divided in 2 parts......
Is this specific automated strategy described somewhere on the Trade Station's web site or anywhere else? i.e., how did you know that they use this strategy exactly? What is the max. drawdown you expereinced?
Peter mentions in the first post that for T/P he trails "usually by 50 pips on nzd/jpy, 100 on GBP/JPY and 50 on GBP".

I follow an MA crossover method on D1 but find that even trailing by 1.5 ATR gets me stopped out more often than not.
I have an initial S/L of 1 ATR and move to BE at 1.5 ATR but am thinking of upping it to 2ATR.
Are the most consistent pairs still the same as what is on the first page.

NZD/JPY, GBP/JPY and GBP/USD or are there any others worth trying.
Someone has EA for this system?
**Keep Simple**
FxGrowth All Time Return: -2.9%
Been "away" for quite some time.

This is one of the few threads in my SUBSCRIBED THREAD list.


Now I have to read it again from first page all over again =)

Keep it up, guys... very interesting.
HIi Guys.

I am great fan of MA Crossover strategies and using it on Daily TF with SL set to ATR 2.5 60mins.Still testing and will post here.
Quoting Waheed
HIi Guys.

I am great fan of MA Crossover strategies and using it on Daily TF with SL set to ATR 2.5 60mins.Still testing and will post here.


Waheed what do you mean by Stop Loss set to ATR 2.5
Put the ATR indicator on a 60 minute chart. Whatever the value is, take that # times 2.5 and use that as your stop-loss.
Quoting don555
Waheed what do you mean by Stop Loss set to ATR 2.5
6.5 hrs ago 7am (cdt/us) I put a Buy Stop on the eur/gbp, 4H TF. BS hit @ .8524; SL=8465;TP= .8589. Progress has been slow, hey, it's Monday, but up 4 pips right now. I only look at the 1H TF if I can't find a 4H setup at 7am. There isn't much interest in this thread but I have found if I wait for the candle close to confirm a cross and that cross is at 2 or 4 o'clock, or better, and the RSI is above 55 or below 45 and at a good angle, it is going to be a good trade.

more info: I wanted price to clear prev. minor resis. @ .8521 by 2-3 pips, which it did.
"Chance favors the prepared mind." Louis Pasteur
I partially closed @ .8558 & then moved my SL to .8531 (BE+7) which was hit later which added a tad over1% to my acct. I'm a happy camper this morning.
"Chance favors the prepared mind." Louis Pasteur
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