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Simple 5 / 8 moving average crossover

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  • Post #1,161
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  • Nov 7, 2016 12:28am Nov 7, 2016 12:28am
  •  alexmccullie
  • | Joined Jun 2016 | Status: Member | 26 Posts
Sure. I'm a professional software programmer with many business clients (companies) for the years. I have found back-testing using Strategy Tester in the MetaTrader very frustrating. Essentially you had to create an Expert Advisor (EA) every time you wanted to test a different strategy. Even tweaking could be tedious and time consuming when you just want to vary some settings like time frames or periods and so on.
Â
So I wrote software (to be released commercially) for the MT4 platform as an EA that would enable traders to test and trade plans without writing software or without hiring or begging a programmer to help. My software, fxRulesEngine, allows traders to configure trading plans as a series of trading rules and instructions to be executed as back testing or forward testing on a demo account or running on a live account as a traditional trading Robot. The difference here with other Robots is that it's your trading plan.
Â
Without boring you with the details at this stage, Rules consist of qualifiers that must be true to trigger. A Rule then executes your instructions, such as opening orders, closing orders, trailing stops, and so on. Qualifiers are essentially indicators like Moving Averages, RSI, CCI, Bollingers, and others. I've programmed in over 40 at this staged that can be combined in many different ways. So many mechanical style strategies are easily configured and more importantly easily tweaked for testing. So the three examples above took me about 15 minutes to complete with testing. The time consuming part was capturing the images for the thread. I've also added solid support for risk management and automatic stop loss and take profit management from ATR calculations.
Â
I'm planning to release fxRulesEngine within three weeks with comprehensive documentation to help traders maximize their use of the software. There will be a free, full functioning version that can be used to forward test on any demo account. However licensing will be needed for back-testing and on a live account. Furthermore I want to set up a separate thread here describing my testing results of popular strategies. All being well that should be later in the week, where I shall also include a pre-release demo copy of fxRulesEngine for experimenting by traders. However any strategies I discuss will be able to traded manually. There would be no locking into my software. So the thread is to add to our body of knowledge on being successful traders.
Â
Again, I appreciate your asking. Alex
 
 
  • Post #1,162
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  • Dec 21, 2016 10:29pm Dec 21, 2016 10:29pm
  •  AkumasRage
  • | Joined Dec 2016 | Status: Junior Member | 1 Post
hello fellowtraders,

im new to the game of forex.
after reading this thread i got very interested in this strategy, mainly cause of the simplicity.

can somebody please explain to me the exact rules?

i keep missing out on trades, or making wrong decisions according to the trend. it is almost like the market does exactly the opposite of my trade when i take the trade.


thanks in advance,
 
 
  • Post #1,163
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  • Jan 17, 2017 11:23pm Jan 17, 2017 11:23pm
  •  Sajjadmun
  • | Joined Apr 2015 | Status: Member | 10 Posts
Quoting AkumasRage
Disliked
hello fellowtraders, im new to the game of forex. after reading this thread i got very interested in this strategy, mainly cause of the simplicity. can somebody please explain to me the exact rules? i keep missing out on trades, or making wrong decisions according to the trend. it is almost like the market does exactly the opposite of my trade when i take the trade. thanks in advance,
Ignored
Please look at this course which explain every thing about strategy.

https://www.udemy.com/hedge-fund-tra...arn/v4/content
 
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  • Post #1,164
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  • Jan 28, 2019 3:37pm Jan 28, 2019 3:37pm
  •  Hutch
  • Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,906 Posts
Quoting Sajjadmun
Disliked
{quote} Please look at this course which explain every thing about strategy. https://www.udemy.com/hedge-fund-tra...arn/v4/content
Ignored
Thank you for the link Sajjadmun.
 
 
  • Post #1,165
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  • Jun 12, 2019 10:48pm Jun 12, 2019 10:48pm
  •  itech1
  • | Joined Jun 2019 | Status: Member | 20 Posts
Thanks for sharing
 
 
  • Post #1,166
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  • Jul 21, 2019 5:37pm Jul 21, 2019 5:37pm
  •  dforant1
  • | Joined Oct 2009 | Status: Member | 464 Posts
Quoting tooloud
Disliked
It took me a while but now I'm a simplicity zealot. For those who find 2 moving averages devilishly complicated why not try my method of using only 1? I now use just a 10ema (5 or 8 is just as good). When it cuts through price you have a signal. If the ema line is flat I wait for a bit of slope but other than that its just eyeball and a bit of candle patterns. It is also less frustrating than moving average crosses as there are numerous opportunities to get in so I don't fret if I miss one. With a very tight stoploss it works very well. I have used...
Ignored
If your still there, I had a simple system but yours is fine. Thanks for awakening me. Hope ya made it to Memphis.
 
 
  • Post #1,167
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  • Sep 25, 2019 8:08pm Sep 25, 2019 8:08pm
  •  Bawihpuia
  • | Joined Mar 2019 | Status: Member | 7 Posts
Quoting dforant1
Disliked
{quote} If your still there, I had a simple system but yours is fine. Thanks for awakening me. Hope ya made it to Memphis.
Ignored
Hello, could you please share your simple system with me if you don't mind, i am new in the forex world or any financial market, if you could share it with me i would be so happy, thanks.
 
 
  • Post #1,168
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  • Sep 30, 2019 9:52am Sep 30, 2019 9:52am
  •  Hutch
  • Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,906 Posts
Quoting Bawihpuia
Disliked
{quote} Hello, could you please share your simple system with me if you don't mind, i am new in the forex world or any financial market, if you could share it with me i would be so happy, thanks.
Ignored
Please take a look at page 1 and you will see how the system works. Alternatively you might want to take the udemy course at
https://www.udemy.com/join/login-pop...learn/#content
 
 
  • Post #1,169
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  • Last Post: Jan 18, 2020 10:45am Jan 18, 2020 10:45am
  •  bsat4u2
  • | Joined Dec 2019 | Status: Member | 26 Posts
check out the next move on these trades
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