Attachments: KISS Classics: 3MA's

KISS Classics: 3MA's

#1
First Post: Edited 4:36am Apr 17, 2017 3:25am | Edited 4:36am

TheRealTruth
| Joined Aug 2016 | Status: Trader | 74 Posts

Hello

MA's cross has been the simplest trading strategy i've ever come across, also very underrated imho.
Another factor, besides simplicity, that makes this strategy attractive is that all tools required are included in the downloadable MT4 packages and they never go out of date no matter the software's updates, while it is very easy to set up this template from scratch in whatever device anyone uses.

So,
EMA 5, close
EMA10, close
SMA200, close.
A couple of extra tools appearing in the charts published are attached in a zip file together with the reference template.

Rules for any pair and any timeframe are the following.

Long entry:
a) bullish candle closes above EMA5
b) EMA5>EMA10>SMA200
c) slope of all MA's is upwards
SL in previous-1 swing low.
Exit: in first candle closing below EMA5

Short entry:
a) bearish candle closes below EMA5
b) EMA5<EMA10<SMA200
c) slope of all MA's is downwards
SL in previous-1 swing high.
Exit: in first candle closing above EMA5

Feel free to submit charts with trades or potential trades according to the certain strategy/system.
Please, avoid adding any more indicators, this is supposed to be in the KISS category.
Please notice that in order for the potential or realized trades to be useful for others too, only H1, H4 or D1 charts fit here.

This morning's first trade:
Long GBP/USD

Attached Image (click to enlarge)

Click to Enlarge

Name: GBPUSD.H1.png
Size: 51 KB

Attached File(s)

KISS Classics_3MA's.zip 22 KB | 529 downloads

#2
Apr 17, 2017 4:09am Apr 17, 2017 4:09am

Landline
Joined Jan 2014 | Status: Trader | 1,784 Posts

Quoting TheRealTruth

Disliked

Hello MA's cross has been the simplest trading strategy i've ever come across, also very underrated imho. Another factor, besides simplicity, that makes this strategy attractive is that all tools required are included in the downloadable MT4 packages and they never go out of date no matter the software's updates, while it is very easy to set up this template from scratch in whatever device anyone uses. So, EMA 5, close EMA10, close SMA200, close. A couple of extra tools appearing in the charts published are attached in a zip file together with the...

Ignored

I agree keeping it simple is best. Saying that though, for me, I can only see shorts on GU ref H1, H4 and D1 at present, good luck though.

#3
Apr 17, 2017 4:48am Apr 17, 2017 4:48am

TheRealTruth
| Joined Aug 2016 | Status: Trader | 74 Posts

Quoting Landline

Disliked

{quote} I agree keeping it simple is best. Saying that though, for me, I can only see shorts on GU ref H1, H4 and D1 at present, good luck though.

Ignored

I feel you Landline regarding the shorts.
Please notice that this thread's aim besides defending an under-rated strategy/system is following the rules every time they are met, for exercising discipline too.

1.255 should be a nice price to close half position though

#4
Apr 17, 2017 5:12am Apr 17, 2017 5:12am

Landline
Joined Jan 2014 | Status: Trader | 1,784 Posts

Quoting TheRealTruth

Disliked

{quote} I feel you Landline regarding the shorts. Please notice that this thread's aim besides defending an under-rated strategy/system is following the rules every time they are met, for exercising discipline too. 1.255 should be a nice price to close half position though .

Ignored

Understood, the main thing is you have a straightforward strategy, and you plan to stay disciplined with it. All good.... now it is only results over a series of trades that will determine whether or not it is a successful strategy.....time will tell of course.

#5
Edited 7:25am Apr 17, 2017 6:58am | Edited 7:25am

Spu
| Joined Oct 2005 | Status: Trader | 7 Posts

Thanks for sharing.

I'm always curious about simple mechanical systems because I have been lead to believe that over a decent timeframe your account will simply evaporate at the speed of the spread. It's not until the trader's judgement, unspoken rules etc. are applied that an edge can present itself. (And it's these extras that make an EA of the simple mechanical system impossible to create, or makes it impossible for another trader to replicate the results manually)

I notice your trade in the image in post one closed below EMA5 on the first bar after entry = [Exit: in first candle closing below EMA5 ].
I assume that was the trade shown in the TE that shows a profit?

Do you have another rule/s like "Exit: in first candle closing below EMA5 in profit " ?

While I'm asking qu.s... Do you limit entries to particular days and/or times?

Also: a) bullish candle closes above EMA5 - Does it have to open below the EMA5?

Rgds. (from a hobby trader)

#6
Apr 17, 2017 8:52am Apr 17, 2017 8:52am

TheRealTruth
| Joined Aug 2016 | Status: Trader | 74 Posts

Hi Spu

Quoting Spu

Disliked

I assume that was the trade shown in the TE that shows a profit? Do you have another rule/s like "Exit: in first candle closing below EMA5 in profit " ?

Ignored

confirming. This was a very early close, should have continued trading the same position until the moment writing these lines.

Quoting Spu

Disliked

Do you limit entries to particular days and/or times?

Ignored

negative. No days or hours limitation

Quoting Spu

Disliked

a) bullish candle closes above EMA5 - Does it have to open below the EMA5? Rgds. (from a hobby trader)

Ignored

If it doesn't open below the fastest MA, then it is by all means in compliance with the rules but it is a late, therefore riskier, entry. I would avoid it. From experience it is better not to take, than chase and enter late in, a trade.

Thanks for your input

TRT

#7
Apr 17, 2017 10:16am Apr 17, 2017 10:16am