DislikedI see. It makes sense from that perspective. Give it a try and share with us the results.Ignored
I guess if I learn when to enter on GOOD to GREAT signals, chances are more in my favor!
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Maestro
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DislikedI see. It makes sense from that perspective. Give it a try and share with us the results.Ignored
DislikedWow - well said Nanningbob - I am really happy that I came back to this thread and I am learning this system along with you....Ignored
DislikedWell - then I see this - and it looks like a better entry getting ready to happen... Correct?
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MaestroIgnored
DislikedNanningbob
When testing version 6.0 I was slaughtered by trades opening on a touch of the ma's and then continuing in the original direction.......Ignored
DislikedA close of a candle is meaning less because prices knows no time. The 2MA is a median so it does not uncross unless the price goes beyond the old high or low. Also because it is a two and not a one price would need to do a fairly solid move across before entering. Now you will get sells buys at the open of some candles but that is because price has moved inside the 5MA.
A median MA cross is a confirmed cross that is why I use it. After it enters price is going to do 3 things, stagnate, stagnate and continue the trend, or clear reversal into profit...Ignored
DislikedA close of a candle is meaning less because prices knows no time quote]
Thanks, but I am not sure I understand entirely what you are saying ... treat me as stupid and you wont be far wrong ! LOL
" Price knows no time ", ok, but the indicator on the chart does surely ?
The position of the 2ma ( and 5ma ) on the indicator ( and on the chart ) is ' fixed ' at the close of the candle, the 2ma has crossed the 5ma or it has not at that point in time and it will not change after the close of the candle
So I was assuming it...Ignored
Disliked
Lets see .......... what is the better way of saying this. When a cross happens whether it is in the first 5 minutes of a candle or the last 5 minutes of a candle or anywhere in between, it has no relationship to a candle close. Price has probably changed directions for the time being. Whether for a long period or short period, who knows? They are unrelated. Once price crosses or MA crosses a point you decide to trade. How much time is left in a candle no matter what TF has no relationship to price after that point.Ignored
DislikedBob,
Thanks for this great method you are sharing with us. I've been following your thread for the last couple of weeks now.
I'm using your 6.1 main screen light.tpl now and I notice the 2MA is applied to Close not Median.
That's why I got a false crossed on EURAUD & EURCAD yesterday.
About the 6.1 EAs, are they programed specially only for the 2MA x 5MA applied on Median? or we can use it just for any MAs crosses on the chart?
Thanks again..Ignored
Disliked
Hi Nanningbob
Again thanks for the reply
Perhaps we are talking at cross purposes.
I am in no way questioning how you are currently trading version 6.1. I understand the methodology and how the ea order entry works and have been testing it myself. I understand why your buy & sell ea’s do what they do and why they do it at that particular time and price
[font=Calibri][size=3]It...Ignored
DislikedA close of a candle is meaning less because prices knows no time. The 2MA is a median so it does not uncross unless the price goes beyond the old high or low. Also because it is a two and not a one price would need to do a fairly solid move across before entering. Now you will get sells buys at the open of some candles but that is because price has moved inside the 5MA.Ignored
DislikedI did that Monday with at A/J. If you have the MPTM do too many things it just starts closing trades. I think it gets confused. I tried to get the MPTM to set SL and hidden SL and TP and hidden TP and Jump etc etc, doesnt do all of them. If I have it do two or three things it works great but once you get into the hidden TP and SL it does not work very well.Ignored