DislikedIn my chart that bar finished at 1.3242Ignored
- | Commercial Member | Joined Jun 2011 | 176 Posts
EMA crossover (ema 14 & 34) 4 replies
Dancing with EMA - backtested and modified 0 replies
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DislikedDifferent brokers have different 4H candles. It depends at what time each candle begins...Ignored
DislikedIf I'm not wrong.... the last candle (entry candle) Zebulon is indicating was a bearish candle.... my entry candle was bullish candle.... so it varies broker to broker.... we just need to confirm that price closes beyond 100 pips from 50 EMA in our own trading timezone and act accordingly, don't we?Ignored
DislikedMy SL ( 101.68) has not been touched .
But i don't like this situation, being long on EUR/JPY and short on EUR/USD, they are often correlated.
I think Greek situation is a big reason to push down the euro, so i will certainly have a winning side (EUR/USD in my opinion) and a loosing side (EUR/JPY)...Ignored
Disliked1) I think EUR/USD GBP/USD and EUR/JPY are highly correlated. And we can avoid more losses and increase this strategy with this new rule : don't go short on a pair when the 2 others are still open long.
The last short trade on EUR/USD would not be open with this rule.Ignored
Dislikedmaybe it's time to put all your all trading rules in one place like your 1st post to ease understanding your method by new traders.
just my 2 cents.
DislikedI like your system very much Zebulon! I tried looking at all the pages and posts, and I thought I saw someone saying they made an EA for this (I think it was done in Java), but I didn't see one for Metadrader 4.
If someone has already created an EA for MT4 for this trading system, would you please let me know what page it's on, and if no one has created one yet, would it be possible for someone to do so and post it here?
Thanks in advance!
Dislikedi don't use EA or MT4 but i think the problem is to implement the 5 SMA condition.Ignored
DislikedI made backtest since 2011-01-01
You can see it:
I did not implement SMA5 condition, but I excluded summer holidays (July and August). I think that is the same. But tell me if I wrong.
I saw previous...Ignored
DislikedThank you Tom for your backtest, but the EMA5 is crucial for the purpose of this strategy, because it doesnīt work on range. and the EMA5 crossing the EMA50 is supposed to advert us of this (most of the time). Can you implement it as following: if EMA5 cross EMA15 three times since last entry (with no more than 15 4H candles between each EMA5 crossing EMA50), we canīt entry even if others conditions apply..in that case, we have to wait for 15 4h candles before entering (if others conditions are still valid) ?
I donīt know if it is very well explained..feel...Ignored
DislikedI removed condition "Since last entry". It is wrong.
If we have 3 crosses SMA5 and EMA50 (no more than 15 candles between each cross) then we wait 15 candles.
Yes, it rescue us from range, but it has worse result:
1. Without SMA5, but excluded summer holidays:
2. With SMA5 and with summer holidays:
DislikedIf you tell what do you exactly mean with this condition then I will add it to my EA.
2 crosses in 10 candles turn off EA for 10 next candles.
3 crosses in 20 candles turn off EA for 20 next candles.
But look at my post:
and screens of transactions.
Do you see mistakes?
DislikedEMA5? Zebulon wrote about SMA5.
EMA15? or EMA50?
Since last entry if we have 3 crosses SMA5 and EMA50 (no more than 15 candles between each cross) then we wait 15 candles.
Is it OK?Ignored
just that... why don't you open a new/your thread to discuss this ea incorporating zeb's trading method... with this then making zeb's thread staying clean with his original concept and no mixing with other concept.Ignored
I backtested this manually using Alpari UK and got these results from January 2011 up to last Friday...
EU - +4065
EY - +3277
AU - +505
This was using:
- 100+ close past 50 MA for EP
- No trade if 5 MA crossed 50 MA 3 or more times within 30 candles (if so wait 15 candles until next entry)
- No trade if 5 MA crossed 50 MA 2 or more times within 10 candles (if so wait 15 candles until next entry)
My money management was different however to that stated by zebulon.
For EU I used 2 lots for entry taking 1 lot profit at...Ignored
hope u trade well.
i am a slow learner maybe due to full time work and family
a quick question...
someone could make a loss on 1/ short entry.
then he missed his a 2/ long entry.
now can he make the next long entry (since he missed his 1st long entry)?
if so, is it 100 pips from 50ma or how?
thanks for your time.