dear max ..according to this method if sma line upward direction it's take for buy opportunity.so how can you determine this is for sell
regards
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Disliked{quote} dear max ..according to this method if sma line upward direction it's take for buy opportunity.so how can you determine this is for sell regardsIgnored
DislikedJust an idea. I used Simple and Smoothed MA5. The candle must pass through both.Ignored
Disliked{quote} Agreed, strategy proposed by Bk8 was that S(imple) Moving Average had to cross over candlesticks, either 5,3 or as later suggested 5,0 pointing up/down. As recently supported by maxwell87 I adopted initial simple crossing with SMA5,3 which has at least recently, been giving slightly better signals.Ignored
Disliked{quote} Agreed, strategy proposed by Bk8 was that S(imple) Moving Average had to cross over candlesticks, either 5,3 or as later suggested 5,0 pointing up/down. As recently supported by maxwell87 I adopted initial simple crossing with SMA5,3 which has at least recently, been giving slightly better signals.Ignored
Disliked{quote} are you still using the same method and still be profitable with consistency? And one last question sir, do you trade all pairs ?Ignored
Dislikedabsolutely. signal was long, and if you took it, profit was nice BUT trading sma blindly obvisously does not work. always consider global macro and big picture moves. we are heading for biggest crash in a long time. going long is very risky. take a look at big picture support and resistance and trend... no way i am going long here... so i am looking for good sell entries. forecast tradingeconomics.com for DE40.. {image} {image}Ignored
Disliked@leleitaly Hi bro, can you provide indicator wih alert that we can adjust the setting specially the shift? thanks in advance[/qu test if it works well, each mode both alert and shift setting are configurable, in my experience it is better with shift 0 {file}Ignored
Disliked{quote} Hi RisingSun, We post what we see, setups are not related to the messenger but to objective and verifiable signals matching a given strategy. It’s true that the pairs I post sometimes have unexpected reverse results. But it’s also true that the market has unexpected and unavoidable reversals.That’s precisely why we should have a solid risk management system. Like avoiding oversized trades or limiting our risk. Hedging strategies are an interesting alternative to stop-loss orders which are in fact a loss machine, but not everyone will agree...Ignored
DislikedHi there guys, is there an expert advisor made with this strategy or can this strategy be automated?Ignored
DislikedI was a follower of this thread in the beginning - when BK8 was still here. I think I remember, that in the beginning the Bollinger was mandatory. The bars should then reach a border before returning to cross SMA5. That way you could better choose some nice signals. See the signal on this chart which I think will be a nice signal. AND NOTE, that I will trade it even if the SMA5 has not yet started to point down. {image}Ignored
Disliked{quote} Hi RiskFighter, the condition for SMA pointing up or down was introduced only after Bk8 proposed the adoption of SMA5,0 (post #678 Aug 27 2016) and was based on suggestion made by Oddbjorg a bit later. The original SMA5,3 setting only required the moving average to cross price action. So it’s one or the other, up to you. However it looks like your chart is showing 6 candlesticks per week due to European time close vs.5 daily sessions with regular US closings, and that could result in some distorted signals. All the best.Ignored
Disliked{quote} Yep, it is a little odd. Our trading week in timezone CET begins at 23:00 on the sundays. But the first daily bar then runs to 23:00 mondays. And we does only have 5 daily bars like in US. By the way it seems, that OddBjorg (who is Danish like me) suddently stopped in may. Has anything happend to her?Ignored