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Guppy's Multi-Moving Average (GMMA)

  • #441
  • Mar 13, 2022 1:04pm Mar 13, 2022 1:04pm
Quoting walvekarraje
{quote}my strategy to buy equities in a very long term prespective( timeframe D1)
I love this idea very much, backtested it visually and waiting to look at it in real time also

Quoting walvekarraje
{quote} all future and otions trades are on guppy trend following system and 10 ema channel and H1 timeframe
I'm beaten lots of time in the past with intraday TFs Could you please tell me some of that future and options you trade for my visual backtest or maybe you could show some good trades pictures?

Anyway, I thank you for the new breath in Guppy!
Just an opinion. Based on research
  • #442
  • Mar 18, 2022 12:43am Mar 18, 2022 12:43am
Sorry to be absent for a while. I've been busy with other things and also went across to using a short-term system of trading because of the Russian invasion of Ukraine - these conditions do not suit a trend-following approach. So I have been in and out of the market the same day, nothing left running overnight or over weekends. It does seem that the markets are settling down a bit now but I'm still not comfortable with using a longer-term approach entirely yet. Perhaps next week I'll start looking at it.
  • #443
  • Mar 18, 2022 1:54am Mar 18, 2022 1:54am
Quoting since80808
{quote} I love this idea very much, backtested it visually and waiting to look at it in real time also {quote} I'm beaten lots of time in the past with intraday TFs Could you please tell me some of that future and options you trade for my visual backtest or maybe you could show some good trades pictures? Anyway, I thank you for the new breath in Guppy!
our family is celebrating my grandmothers 100th birthday. so did not trade this week.

i have already posted many live future trades with logic of entry, stoploss and targets.
will post again next week when i am back to trading.

the logic of trading options is the same as futures. only sell At The Money option that has maximum time value. I will try to post few examples of that also.
  • #444
  • Mar 19, 2022 5:37pm Mar 19, 2022 5:37pm
Quoting walvekarraje
{quote}grandmothers 100th birthday
WONDERFUL! Long life, strong health and all the best wishes!
Just an opinion. Based on research
  • #445
  • Mar 23, 2022 7:17am Mar 23, 2022 7:17am
Slowly getting back into it. Here's a trade on the AUDNZD H4 chart. The blue dotted line at the top is a long-term resistance level. Price is getting expensive up there and very likely won't go further, even if t makes it that far, so that's where I have placed my target. I have a trailing stop on the lower channel line.

Attached Image (click to enlarge)
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  • #446
  • Mar 23, 2022 10:55pm Mar 23, 2022 10:55pm
entry
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targets
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  • #447
  • Edited 3:30am Mar 24, 2022 3:20am | Edited 3:30am
todays trade summary
Attached Image (click to enlarge)
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no momentum in the instrument today. market closed slightly above my entry price. so carried the trade for tomorrow. will trail stoploss on lower channel. even if i get stopped out tomorrow ( market too volatile) loss will be minimal.
  • #448
  • Mar 24, 2022 3:38am Mar 24, 2022 3:38am
Quoting Spudfan
Slowly getting back into it. Here's a trade on the AUDNZD H4 chart. The blue dotted line at the top is a long-term resistance level. Price is getting expensive up there and very likely won't go further, even if t makes it that far, so that's where I have placed my target. I have a trailing stop on the lower channel line. {image}
Love your template spud, could you maybe share it?
  • #449
  • Mar 24, 2022 6:12am Mar 24, 2022 6:12am
Quoting FundedCoffee
{quote} Love your template spud, could you maybe share it?
There are variations of the template or components of it posted earlier this year. You can find my latest revisions at post #365

Quoting Spudfan
... to make things easier for others to set up the Walvekar charts, I have created a separate file for each MA line. See attached. The only thing you will have to do yourself is to change the MA period for each of the LT inner lines. {image} {file} {file} {file} {file} {file}
Daryl Guppy's Multiple Moving Average lines are widely available, just google them.

Good luck!
  • #450
  • Mar 24, 2022 6:56am Mar 24, 2022 6:56am
Quoting Spudfan
Slowly getting back into it. Here's a trade on the AUDNZD H4 chart. The blue dotted line at the top is a long-term resistance level. Price is getting expensive up there and very likely won't go further, even if t makes it that far, so that's where I have placed my target. I have a trailing stop on the lower channel line. {image}
Target met a few minutes ago. Happy about that!
  • #451
  • Mar 24, 2022 8:13am Mar 24, 2022 8:13am
Quoting Spudfan
Slowly getting back into it. Here's a trade on the AUDNZD H4 chart. The blue dotted line at the top is a long-term resistance level. Price is getting expensive up there and very likely won't go further, even if t makes it that far, so that's where I have placed my target. I have a trailing stop on the lower channel line. {image}
How was calculated this SL? (Or is it already moved from initial?)
Just an opinion. Based on research
  • #452
  • Mar 24, 2022 8:54am Mar 24, 2022 8:54am
Quoting since80808
{quote} How was calculated this SL? (Or is it already moved from initial?)
I trade forex almost exclusively, and only the majors. Normally I start with my SL just a bit further away than the latest swing high/low. Sometimes that means that the SL is quite far away from my entry, but I try not to let it be more than about 75 pips (on H4 chart), usually less. I have an App that calculates my lot size based on the SL distance and the % risk I have chosen (e.g. 2% of balance). This means I don't mind having a large SL distance because with just a click or two the App tells me what lot size to use. This App has changed a lot for my trading. This also means that my trades all have a very similar amount of dollars risked.

I have posted the .mq4 file here - it is from EarnForex who make some very good experts and indicators. https://www.earnforex.com/metatrader...ick-trade-pro/. I have no connection with EarnForex.

For this AUDNZD trade I placed my SL on the lower boundary of the 10 EMA channel, which is in line with the Walvekar method, so my amount risked was not much and therefore the App calculated a larger lot size than usual.
Attached File(s)
File Type: mq4 MQLTA MT4 One-Click Trade Pro.mq4   525 KB | 286 downloads
  • #453
  • Mar 25, 2022 2:09am Mar 25, 2022 2:09am
Looks like CADCHF might be turning over on H4. Still a way to go for a valid setup, will watch it next week.

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  • #454
  • Mar 27, 2022 2:52am Mar 27, 2022 2:52am
Quoting walvekarraje
entry{image} targets {image}
It's very different from the approach we've discussed earlier. A riskier trade.
  • #455
  • Apr 5, 2022 12:20am Apr 5, 2022 12:20am
Quoting oohoo
{quote} It's very different from the approach we've discussed earlier. A riskier trade.
Does this setup look more familiar? I will wait until the current candle closes and if it meets the requirements I'll go for it.

Attached Image (click to enlarge)
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  • #456
  • Apr 5, 2022 12:31am Apr 5, 2022 12:31am
Here is another setup that is coming close to meeting the requirements.

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  • #457
  • Apr 5, 2022 4:40am Apr 5, 2022 4:40am
anyone watching DOW ?
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  • #458
  • Apr 5, 2022 4:51am Apr 5, 2022 4:51am
Quoting walvekarraje
anyone watching DOW ?{image}
Yes, but very cautious about getting involved with the current global geo-politics as they are, but it will be a buy when I feel it's time. DAX 40 is a more tricky one - Germany is very close to a troubled region.
  • #459
  • Apr 8, 2022 2:10am Apr 8, 2022 2:10am
I entered this trade on the H4 chart yesterday, close to but not strictly according to the Walvekar method - I saw that pinbar in a good position and placed a sell stop entry a bit below the nose. It's the pinbar 7 candles back from present, with its tail crossing into the L/T EMAs.

The daily L/T EMA boundary lines (30 EMA and 60 EMA, respectively) are shown using dotted lines - we are clearly in a downtrend. The weekly chart shows that this might be good for a long-term trade.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #460
  • Apr 11, 2022 9:10am Apr 11, 2022 9:10am
Does anyone know a coder who can make a simple MT4 indicator for me?

Thanks.
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