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

  • #41
  • Nov 2, 2006 11:56pm Nov 2, 2006 11:56pm
Quoting bundyraider
No, only just began to study it the past few days. I like strategies that play off of MAs and my ears pricked up when it was mentioned.

I'm wanting a system that suits my personality. Systems like this seem to satisfy me. I can imagine eventually using something along these lines as my main system. No doubt a melding with others I've learnt through Jim, Dial, Vegas etc.

It appears to be a reliable and easy strategy that doesn't require TOO much discretion. Intend to do a lot more backtesting.

Franosa's post illustrates already how the same system can give different results for different people no matter how clear the rules. Franoza's suggesting 30pips is what Rob uses. When looking through the GPDUSD 15 Min 25- pips looked good to me. Most of the trade starts for it I had marked fell a good 10 pips short of the mark or more. Higher time frames would require different stops.
I totally agree with you bundyraider, "same system can give different results for different people no matter how clear the rules"

Looking back at USDCAD's past week chart, using H1 timeframe, these rules could be applied. I'm testing it today with demo account

1. wait EMA 5 crosses EMA 13
2. enter trade whenever PRICE touches EMA 62.
  • #42
  • Nov 3, 2006 4:03am Nov 3, 2006 4:03am
Quoting ONAGER
This is the original document written by Rob Booker
In page 83 (chart sample) of that ebook, EMA 13 spell twice. Have u guys notice it? Dont you think dotted line represent EMA 5? Correct me if Im wrong.
  • #43
  • Nov 3, 2006 4:47am Nov 3, 2006 4:47am
Quoting mrforex2006
In page 83 (chart sample) of that ebook, EMA 13 spell twice. Have u guys notice it? Dont you think dotted line represent EMA 5? Correct me if Im wrong.
yes I think you are right , saw that one aswell..

I am new to this system, just started to check it out at the beginning of the week but tried it the last couple of days on the GPB/USD 1H and the results are impressive. The price has retraced 3 times to the 62 EMA these last days , followed by nice longs runs immediately after..
But I guess that kind of perfect trend setup won't last forever...would be too easy
  • #44
  • Nov 3, 2006 10:04am Nov 3, 2006 10:04am
Quoting ONAGER
This is the original document written by Rob Booker
Is there anyway to do a SAVE AS when downloading this file from FF? I always have to open it in the broswer and then save it as a pdf file. Awhile back, someone created a file named xxxxx.rar.pdf, as you know that does not work, hoping you can tell me how to download it....

Thnaks,
ET
  • #45
  • Nov 3, 2006 12:18pm Nov 3, 2006 12:18pm
Quoting mrforex2006
In page 83 (chart sample) of that ebook, EMA 13 spell twice. Have u guys notice it? Dont you think dotted line represent EMA 5? Correct me if Im wrong.
That dotted line is the 5 EMA. When I first saw it, I got confused by it also. I have seen other systems posted here and elsewhere where the charts also did not much the system, it makes me wonder that maybe I miss something or the rule shave changed.
  • #46
  • Nov 3, 2006 7:31pm Nov 3, 2006 7:31pm
You all may want to note... memeber here by the name of adam3000... she uses the same system except she uses 5-20-60 emas well, you know, it's really about the same thing...

she has her trade journal here in the forum... I happen to know for a fact that she makes quite a bunch of money !!! check her out.

The 5-13-62 system is not new... I don't believe it was even invented by Rob Booker, and he will say that himself... but check out the USD/JPY for on daily for the last week or two !!!! Great place to see how good the system is. If oyu backtest it, do it for oyurself and see how you would trade it with your own perosnality... but the system has been used by many many traders.. it is a very profitable system.

Rob Booker is a great guy and he will answer your e mails about the system even if you are not one of his students or anything... ( he is sick the last couple of days though and his e mail box is over quota ) Can I put his e mail address here??? [email protected] He gives away a lot of free stuff like his 5-13-62 system...

Main thing to rememeber is that this sytem is ONLY for trending times... It does not work at all as soon as anything is going sideways...

My problem is actually finding out when a trend really is starting... by the time I figure that out, it's seems it is always almost over and I just get the last tid bits at the end.
  • #47
  • Nov 3, 2006 7:33pm Nov 3, 2006 7:33pm
man my spelling is terrible huh ?? Sorry
  • #48
  • Nov 6, 2006 3:32pm Nov 6, 2006 3:32pm
Hello

New to this thread! hope it gets a little more life in it! I got turned on to this system by a experienced trader so Im here looking for a little shop talk about it. Anybody trading it??? Tell me what you think! I'm on the 1 hr. and daily. using fibo and pivots. eur open and ny open.

Todd
  • #49
  • Nov 6, 2006 8:05pm Nov 6, 2006 8:05pm
I've attached backtesting statements (using strategy Tester) for an EA I recently created based on this methood. Would like to request an evaluation of them from some of you more experienced traders in the forum. I've read alot of different opinions about the strategy tester in this and other forums. However, I ran these tests with online and historical data. If you guys think these test results show promising results, i'll go ahead and post the EA for everyones evaluation and assistance in further testing.
Attached File(s)
File Type: zip statements.zip   191 KB | 666 downloads
  • #50
  • Nov 6, 2006 9:24pm Nov 6, 2006 9:24pm
Quoting waaustin
I've attached backtesting statements (using strategy Tester) for an EA I recently created based on this methood. Would like to request an evaluation of them from some of you more experienced traders in the forum. I've read alot of different opinions about the strategy tester in this and other forums. However, I ran these tests with online and historical data. If you guys think these test results show promising results, i'll go ahead and post the EA for everyones evaluation and assistance in further testing.
What spread was used for each pair?
  • #51
  • Nov 6, 2006 9:35pm Nov 6, 2006 9:35pm
Quoting twinchell
What spread was used for each pair?
USD/CHF and GBP/USD was 4 pip spread
EUR/USD was 2 pip spread
  • #52
  • Nov 20, 2006 11:54am Nov 20, 2006 11:54am
THIS SYSTEM is a FIASCO (rob booker) you will lose all your money. i tradedit many times.especially in the news.
the 62 is SUPPOSED to act as support but most does not hold.A lot of Flase breaks also.
  • #53
  • Nov 20, 2006 12:30pm Nov 20, 2006 12:30pm
well this looks interesting. I read the pdf file. So according to the system, the gbp/usd hourly 13ma is at least 30 pips above the 62. So we would wait until the price falls back to the 62 to buy right?

Also, what if the price keeps going up? We just lose that trade and move on? Look at November 13, 14, 15th hourly. The price NEVER touched the 62 again until after the trend. Is there a certain point we know we are in a trend and can trade with the trend?
  • #54
  • Nov 20, 2006 3:09pm Nov 20, 2006 3:09pm
Quoting eaziforex
THIS SYSTEM is a FIASCO (rob booker) you will lose all your money. i tradedit many times.especially in the news.
the 62 is SUPPOSED to act as support but most does not hold.A lot of Flase breaks also.
eaziforex learn how to trade before you make statements like that.

llambert3, drop down to 30min chart and have a look.
  • #55
  • Nov 20, 2006 3:18pm Nov 20, 2006 3:18pm
Quoting rchapmand
llambert3, drop down to 30min chart and have a look.
I noticed that after I posted, but then you look at sept. 5th, 6th and 7th and you lose a big one. Wonder if this would work. If 13ema is at least 30 pips from 62, take the trade. If it goes against you and hits the 62, sell another one. So you are in for 2 lots and still may lose, but if not and it wins, now your 1st trade isn't so bad since it is averaged, and you get the possible runs too...??? Just an idea.
  • #56
  • Nov 20, 2006 3:42pm Nov 20, 2006 3:42pm
I don't know Rob's rules but it does bounce at 6:30 on the 6th and 7:00 on the 7th.

Think outside the box rules can be broken. You are not a sheep why do you need a shepard.

Why would you trade someone's system make the thing your own.
Learn some TA then make your own rules and trade your rules.
  • #57
  • Nov 20, 2006 4:51pm Nov 20, 2006 4:51pm
Quoting rchapmand
I don't know Rob's rules but it does bounce at 6:30 on the 6th and 7:00 on the 7th.

Think outside the box rules can be broken. You are not a sheep why do you need a shepard.

Why would you trade someone's system make the thing your own.
Learn some TA then make your own rules and trade your rules.
don't worry, I am pretty good about making systems my own. I don't trust anything without a good backtest. The system as presented here and the ebook is not good enough for me, as it doesn't "appear" to work good as stated. I am working on something I found to be promising the past few months using a slight modification. We'll see.

Plus my post was only a question. I am not a sheep looking to be fed. If you don't want to answer my questions feel free to ignore my posts.

Thanks.
  • #58
  • Nov 20, 2006 5:20pm Nov 20, 2006 5:20pm
If you read about trading strictly off of EMA crossing whether it be this or any other forum, all always say its too risky to trade as such since you wind up with more losers than winners. I have also tried other EMA crossings other than this one, I can say that its definitely not possible to be on the winning side most of the time due to the whipsaws, you definitely need other filtering to help you....
  • #59
  • Nov 20, 2006 7:39pm Nov 20, 2006 7:39pm
I have been using this system. I don't mind using this one. I know it works well with 30 mins and hourly charts. Has anyone tried it with 4hourly or daily charts?
Another thing I'm also confused with, sometimes i get mixed signals, on the 30 minutes its trending up but on the 4 hourly its trending down, normally if this happens I avoid trading the pair.

Cheers
  • #60
  • Nov 20, 2006 8:13pm Nov 20, 2006 8:13pm
It's a great system... but you ONLY use it while the market is trending... that is stated very clearly in the rules... if you use it any other time, it does not work.. You have to know there is a trend...

Then it works exactly as stated !!!

Works good on many time frames, but I think it works best on Hourly...

I think if you wait for both 5 and 13 to cross, you get in too late. Already missed most of the pips... yes it is too early to get in just when 5 crosses the 60... look for other indicators to help you...
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