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EURUSD

  • #1,218,761
  • Sep 16, 2022 3:26am Sep 16, 2022 3:26am
UPDATE
usindex - if stay below R = eurusd long
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Trendlines H1,H4, SMC
  • #1,218,762
  • Sep 16, 2022 3:46am Sep 16, 2022 3:46am
The optimum daily MA combination I could find for EUR/USD was 10/40 (here on this chart it is 10/50 which gave optimum results for other markets like crude oil), with an RSI filter i.e. something like this:

Inserted Code
buy = close > s1 and crossover(s1,s2) and rsi(close, 9) > 50
sell = close < s1 and  crossunder(s1,s2) and rsi(close, 9) < 50

But I couldn't find any MA combinations that worked very well for any other FX pair. It's easy to see why when looking at a chart: EUR/USD has been strongly trending for long periods of time. Violent swings up and down the MAs wipe out your profits because you enter a trade based on a lagging indicator. For that reason I wouldn't trust any algorithmic system for forex over a long period of time.

Looking at the chart, you'd be able to see it's in a downtrend and simply only take trades on the sell signals
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  • #1,218,763
  • Sep 16, 2022 3:55am Sep 16, 2022 3:55am
Quoting JauntyLoon
The optimum daily MA combination I could find for EUR/USD was 10/40 (here on this chart it is 10/50 which gave optimum results for other markets like crude oil), with an RSI filter i.e. something like this: buy = close > s1 and crossover(s1,s2) and rsi(close, 9) > 50 sell = close < s1 and crossunder(s1,s2) and rsi(close, 9) < 50 But I couldn't find any MA combinations that worked very well for any other FX pair. It's easy to see why when looking at a chart: EUR/USD has been strongly trending for long periods of time. Violent swings up and down the...
MAs wipe out your profits because you enter a trade based on a lagging indicator.
LOL
Nearly every trade that I place is based on a lagging indicator. But I check the inter-relationships on multiple TFs to determine which is the relevant TF to enter on.

Proper use of lagging indicators enable you to "follow the leader" in a direction rather than trying to GUESS which direction he MIGHT take soon.
To free Gazans of Hamas, use whatever it takes.
  • #1,218,764
  • Sep 16, 2022 4:03am Sep 16, 2022 4:03am
Quoting JauntyLoon
The optimum daily MA combination I could find for EUR/USD was 10/40 (here on this chart it is 10/50 which gave optimum results for other markets like crude oil), with an RSI filter i.e. something like this: buy = close > s1 and crossover(s1,s2) and rsi(close, 9) > 50 sell = close < s1 and crossunder(s1,s2) and rsi(close, 9) < 50 But I couldn't find any MA combinations that worked very well for any other FX pair. It's easy to see why when looking at a chart: EUR/USD has been strongly trending for long periods of time. Violent swings up and down the...
Can you test your model with an ema of 5 and 12?
  • #1,218,765
  • Sep 16, 2022 4:12am Sep 16, 2022 4:12am
Quoting dantpm
{quote} Can you test your model with an ema of 5 and 12?
FREE TIP1: Better results are possible with 5/10 or 6/12. Even more improvement if you add a 3rd to give 5/10/20 or 6/12/24. Turn off display of price bars and focus only on the inter-relationships of the indicators on multiple TFs.

FREE TIP2: Try many combinations based on above ratios and select the 3 that give the best results.
To free Gazans of Hamas, use whatever it takes.
  • #1,218,766
  • Sep 16, 2022 4:17am Sep 16, 2022 4:17am
Quoting DrDave
{quote} FREE TIP1: Better results are possible with 5/10 or 6/12. Even more improvement if you add a 3rd to give 5/10/20 or 6/12/24. Turn off display of price bars and focus only on the inter-relationships of the indicators on multiple TFs. FREE TIP2: Try many combinations based on above ratios and select the 3 that give the best results.
I actually use EMA's of 5, 8, 12, and 21 in various combinations, various time frames and on various indicators pretty effectively. I will try yours to see if there is any improvement..
  • #1,218,767
  • Sep 16, 2022 4:22am Sep 16, 2022 4:22am
Quoting dantpm
{quote} Can you test your model with an ema of 5 and 12?

That generates a better profit!
  • #1,218,768
  • Sep 16, 2022 4:31am Sep 16, 2022 4:31am
Quoting dantpm
{quote} I actually use EMA's of 5, 8, 12, and 21 in various combinations, various time frames and on various indicators pretty effectively. I will try yours to see if there is any improvement..
You need to have a good reason for selecting the values that you have selected. And no, simply "because that is what I found in method XXX", is not a good reason.

HINT: In the TIPS that I gave, I have a GOOD REASON for selecting those values over something like 5/12/21.
To free Gazans of Hamas, use whatever it takes.
  • #1,218,769
  • Sep 16, 2022 4:45am Sep 16, 2022 4:45am
3 countries in the EU have the potential to go bankrupt
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The Average Discount Everything
  • #1,218,770
  • Sep 16, 2022 4:51am Sep 16, 2022 4:51am
1H update
short
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Trendlines H1,H4, SMC
  • #1,218,771
  • Sep 16, 2022 5:10am Sep 16, 2022 5:10am
Quoting DrDave
{quote} You need to have a good reason for selecting the values that you have selected. And no, simply "because that is what I found in method XXX", is not a good reason. HINT: In the TIPS that I gave, I have a GOOD REASON for selecting those values over something like 5/12/21.
Would you care to share your good reason or where you suggest using these values?
  • #1,218,772
  • Sep 16, 2022 5:11am Sep 16, 2022 5:11am
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File Type: ex4 _______TGX___trend_ema5_10_20.ex4   35 KB | 189 downloads
The Average Discount Everything
  • #1,218,773
  • Sep 16, 2022 5:39am Sep 16, 2022 5:39am
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Short.... Didn't make any money yet. . . . . . SL and reversal as shown . . . .

  • #1,218,774
  • Sep 16, 2022 6:20am Sep 16, 2022 6:20am
Quoting hesron
{image} {file}
Here are EMAs 5/10/20 on EURUSD H1. So you see anything useful just from this single image?

You SHOULD be able to see there is potential for generating signals to display the price bars and see of there is a reasonable entry.

I won't clutter the thread with more posts on this lagging indicator discussion.

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To free Gazans of Hamas, use whatever it takes.
  • #1,218,775
  • Sep 16, 2022 6:54am Sep 16, 2022 6:54am
Quoting hesron
3 countries in the EU have the potential to go bankrupt {image}
U are really the best analize Guy..please delete Slovenia,I a from there.Regards,Alexander
  • #1,218,776
  • Sep 16, 2022 6:56am Sep 16, 2022 6:56am
Quoting F.g
{image} Short.... Didn't make any money yet. . . . . . SL and reversal as shown . . . .
I believe that brokers and banks are just cleaning out stop losses today when you look at the volatility and volume.
  • #1,218,777
  • Sep 16, 2022 7:16am Sep 16, 2022 7:16am
Quoting dantpm
{quote} I believe that brokers and banks are just cleaning out stop losses today when you look at the volatility and volume.
sorry bud but dumb comment
  • #1,218,778
  • Sep 16, 2022 7:21am Sep 16, 2022 7:21am
Quoting dantpm
{quote} I believe that brokers and banks are just cleaning out stop losses today when you look at the volatility and volume.
Man, hi.

Looks like they are undecided to plunge lower or having completed 5 waves downwards , to make a desperate correction . . . .

  • #1,218,779
  • Sep 16, 2022 7:21am Sep 16, 2022 7:21am
been short and making money (smaller period bets), let's see if it finally breaks 0.995, it doesn't seem to go under it, it's like the 5th attempt.

my longer period bet still maintains, but it seems like it never materialises
  • #1,218,780
  • Sep 16, 2022 8:15am Sep 16, 2022 8:15am
Quoting investing101
{quote} sorry bud but dumb comment
I see you still have poor communication skills. Some people around here just don't improve.
Learn from your mistakes and march on.
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