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Attachments: 5/13/62 Ema
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5/13/62 Ema

  • #1
  • First Post: Oct 28, 2006 1:31pm Oct 28, 2006 1:31pm
What time frame chart are you guys using with the 5/13/62 EMA combo? I'm thinking about putting it on a 15 min to use as a filter. Input?
Thanks in advance, JIM
  • #2
  • Oct 30, 2006 3:01am Oct 30, 2006 3:01am
I use the hourly....works very well....great system
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #3
  • Oct 30, 2006 9:06am Oct 30, 2006 9:06am
I use it on a 30m, and that primarily for an exit strategy described in this post.

: ) Thom
  • #4
  • Oct 31, 2006 1:58am Oct 31, 2006 1:58am
What are the rules to this system???

Thanks,

Bago
"Skills pay the bill's!"
  • #5
  • Oct 31, 2006 2:15am Oct 31, 2006 2:15am
Quoting accrete
I use it on a 30m, and that primarily for an exit strategy described in this post.

: ) Thom
Hi Thom,

What MACD parameter u use to support the 13 & 55 ema?

Thanks!!
  • #6
  • Oct 31, 2006 2:25am Oct 31, 2006 2:25am
I use the hourly also like CT, I find it holds truer if you look back at potential trades v. the 15M where a lot of the "DNA" can occur...
  • #7
  • Oct 31, 2006 2:31am Oct 31, 2006 2:31am
Quoting CTGUY
I use the hourly....works very well....great system
Btw, what 62 ema stands for?
  • #8
  • Oct 31, 2006 4:00am Oct 31, 2006 4:00am
What additional filter you use to avoid false signals? Thanks!

Quoting CTGUY
I use the hourly....works very well....great system
  • #9
  • Oct 31, 2006 8:09am Oct 31, 2006 8:09am
Thanks For The Input Ctguy And Accrete. Jim
  • #10
  • Oct 31, 2006 5:17pm Oct 31, 2006 5:17pm
Quoting jimyland
Thanks For The Input Ctguy And Accrete. Jim
Your Welcome

This is a fantastic system... I highly endorse it.

CTGUY
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #11
  • Oct 31, 2006 6:24pm Oct 31, 2006 6:24pm
CTGUY,

I know I have only been looking at it for a couple days now; but it seems kind of slow compared to some other indicators I've used. I'll keep working with it. Thanks again. JIM
  • #12
  • Oct 31, 2006 11:59pm Oct 31, 2006 11:59pm
Quoting c1ro
Hi Thom,

What MACD parameter u use to support the 13 & 55 ema?

Thanks!!
Greetings c1ro and gang. I almost hesitated posting that particular example. You see it was a trade from an EA i'm testing. It did the trades all on it's own taking out profits at a particular max-profit setting. The freaky thing that took place in the trade is when i went back and marked off my manual traded take-profit areas, they coincided with the EA's activity. Very strange. Anyway, I don't use the MACD in my trading, but the EA does. It was set to 24/52/9 double the default for the 60m.

OK, so how do i "trade" this? Well i don't. I only use the cross EXTENSIONS for my exits : )

My entries are mostly based on breakouts in the direction of the daily (based on a 24ma on an hourly chart) trend, while verifying the breakout on a 15m chart . . .

. . . Hope you all still love me after i've muddied up the waters. grin.

Cheers,
Thom
  • #13
  • Nov 1, 2006 4:31am Nov 1, 2006 4:31am
I'm a beginner to forex world, currently using InterbankFx Meta4. Could anybody here guide me how to setup 5/13/62 EMA on my chart? What other indicators do I need to add to the same chart? Hope you guys can assist me. Step by step instructions would be helpful.

Thanks.
  • #14
  • Nov 1, 2006 5:27am Nov 1, 2006 5:27am
Quoting mrforex2006
I'm a beginner to forex world, currently using InterbankFx Meta4. Could anybody here guide me how to setup 5/13/62 EMA on my chart? What other indicators do I need to add to the same chart? Hope you guys can assist me. Step by step instructions would be helpful.

Thanks.
* Bring up any chart.
* On the menu up top, go to "Insert"->"Indicators"->"Trend"->"Moving Average"

It's then just a matter of filling out the necessary values.

Set Period to "5"

Shift to "0"

MA Method to "Exponential"

Apply to "Close"

All the rest don't matter and are only visual.

Press "OK" and repeat for the 13 and 62 EMAs.
Bundy's status today: "Waiting..."
  • #15
  • Nov 1, 2006 8:04am Nov 1, 2006 8:04am
Quoting accrete
OK, so how do i "trade" this? Well i don't. I only use the cross EXTENSIONS for my exits : )
Now there' s a jewel if ever I saw one.

Thanks, Thom !

J.
  • #16
  • Nov 1, 2006 3:31pm Nov 1, 2006 3:31pm
My $0.02 here...

Multiple systems can be a good thing...provided that you've systematically tested and tracked their combined results.

But if you're just eyeballing a bunch of extra systems, indicators, patterns, etc. to make you "feel" better or for some supposed confluence (that you can't prove objectively), it may be a waste of time or even counterproductive.

I'm convinced more and more that those willing to do their due diligence and backtest, forward test and track their results have a huge edge. Yes, it's easier to constantly learn/combine new strategies without ever really quantifying how they interact and perform. But in the end, I think diligent research is one thing that will separate the 5-10% of consistent and profitable traders from the others.
  • #17
  • Nov 1, 2006 4:17pm Nov 1, 2006 4:17pm
[quote=FXLogic]My $0.02 here...

Multiple systems can be a good thing...provided that you've systematically tested and tracked their combined results.

Actually, multiple systems are excellent if you know how to balance and manage them. I would not be trading without testing them.

But if you're just eyeballing a bunch of extra systems, indicators, patterns, etc. to make you "feel" better or for some supposed confluence (that you can't prove objectively), it may be a waste of time or even counterproductive.

I actually trade 50-100 regular lots per trade. Multiple displays... systems work fantastic.

Thanks for the advice anyways.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #18
  • Nov 1, 2006 4:20pm Nov 1, 2006 4:20pm
Quoting CTGUY
Hint: A wise trader always keeps his options open for the ultimate trading system. Don't give until you do locate it!
This is actually referred to as the search for the holy grail, which is why many traders give up and/or fail. But if it works for you and keeps you open minded about trading then who cares what others think.

Here in Texas (probably other places as well) there is an old saying, "if it ain't broke, don't fix it". I think this would apply to your situation.
  • #19
  • Nov 1, 2006 4:32pm Nov 1, 2006 4:32pm
Quoting hidethereal
This is actually referred to as the search for the holy grail, which is why many traders give up and/or fail. But if it works for you and keeps you open minded about trading then who cares what others think.

Here in Texas (probably other places as well) there is an old saying, "if it ain't broke, don't fix it". I think this would apply to your situation.
My problem is that I find a system, usually one that is tested here and I trade it. Another one comes along and I watch the test, try it and also adopt it and really don't want to give up on the previous system. repeat...repeat...repeat. I do need to make up my mind as to which one I want to favor the most. Too many good systems to choose from. I would pay dearly for the ultimate single system. It would save me valuable time. As it stands, I do this for a living...and spend way too much time behind my monitors.

CTGUY
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #20
  • Nov 1, 2006 4:47pm Nov 1, 2006 4:47pm
Ok, Lets take a moment and take a deep breath. This is a forum where we debate with respect. So, Lets everyone have a do over from this point forward...

All of this stuff is off topic and caustic. I really don't want to close the thread, when there are so many valuable opinions.
Thanks in advance, Scott
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