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Great GBP/USD Strategy for Swing Trades

  • #601
  • Edited 7:46am May 9, 2007 6:40am | Edited 7:46am
Quoting starlucky9009
Can you tell me how to set the EMA settings? I'm kind of new to all this...is it in the MACD settings or the moving average...
The first post of this thread has it all.. there is no MACD in this strategy.

You may use my templates (for MT4) if you wish to... vynner4H goes on 4H and the day-add goes to 1D. I believe MA and Stoch are part of the basic set of indicators in MT4.

Elm



Anyway.. can anybody please answer my question?.. how is it with the waiting for a new candle or jumping in..... thanks
Attached File(s)
File Type: tpl vynner-day-add.tpl   1 KB | 610 downloads
File Type: ex4 Stochastic.ex4   4 KB | 514 downloads
File Type: tpl vynner-4h.tpl   1 KB | 654 downloads
  • #602
  • May 9, 2007 7:55am May 9, 2007 7:55am
hi guys i am new to this. i read the first page about the system. i have a couple of questions please.

i understand the EMA set up but how do we know if it is a long or short entry. does it depend on the color of the candle that opens if it is a bull or a bear. Also What if the EMAs cross in the middle of a 4 hour period .

Another question is ( sorry for asking so many questions but i am trying to understand the system correctly) i have a MT4 platform so the schotistic oscillator entry is 13,5,5. so %k is13 and %D is 5 correct?.The price field should be low/high or close/close.
Last question , On the schotstic chart one line is slower than the other so which one is %k and %D respectively. The MAin or the Signal . I tried to download teh attatchments in the previous post but my computer is giving me problems. Thankyou in advance for any help.
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #603
  • May 9, 2007 8:28am May 9, 2007 8:28am
Quoting BIL2205
hi guys i am new to this. i read the first page about the system. i have a couple of questions please.

i understand the EMA set up but how do we know if it is a long or short entry. does it depend on the color of the candle that opens if it is a bull or a bear. Also What if the EMAs cross in the middle of a 4 hour period .

Another question is ( sorry for asking so many questions but i am trying to understand the system correctly) i have a MT4 platform so the schotistic oscillator entry is 13,5,5. so %k is13 and %D is 5 correct?.The price field should be low/high or close/close.
Last question , On the schotstic chart one line is slower than the other so which one is %k and %D respectively. The MAin or the Signal . I tried to download teh attatchments in the previous post but my computer is giving me problems. Thankyou in advance for any help.
That was just what I wanted to suggest.. Read the first page once more, really everything is there, the rest I am afraid is experience (which I dont have)
DOnt care which line is which.. look at a chart and you will see which indicates an uptrend and which a dountrend.. find the example charts that are at the begining, find them the time in past of your charts and make the indicators look the same.. or download my attachements.. should work ok, Ill check..
find directory called "templates" in your MT4 folder and restart platform, should be in the Charts/Tamplates menu
elm

ps. I checked, works ok, leftclick- save to disk, or something like that.. (i use firefox) or rightclick, save target as (I guess in Explorer)
  • #604
  • May 9, 2007 8:49am May 9, 2007 8:49am
thanks elmer i will try to download again
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #605
  • May 9, 2007 3:00pm May 9, 2007 3:00pm
cIAO, C'E' QUALCUNO CHE PUO' SCRIVERE IN ITALIANO PER IO COMPRENDERE MEGLIO QUESTO METODO?
CONOSCO TUTTE LE IMPOSTAZIONI,MA NON HO CAPITO BENE SE DEVE ESSERE EMA 13 AD ATTRAVERSARE EMA 50 PER IL COMMERCIO. E POI A COSA MI SERVE LA MASCHERA GIORNALIERA?
SE CI SEI ,ITALIANO,BATTI UN COLPO....
GRAZIE A TUTTI
EAGLE
  • #606
  • May 9, 2007 3:02pm May 9, 2007 3:02pm
hello, TO BE SOMEONE THAT TO BE ABLE TO WRITE IN ITALIAN FOR I TO COMPRISE THIS METHOD BETTER? I KNOW ALL THE FORMULATIONS, BUT I HAVE NOT UNDERSTOOD WELL IF IT MUST BE EMA 13 TO CROSS EMA 50 FOR THE COMMERCE. AND THEN TO WHAT SERVES ME THE EVERY DAY MASK? IF US SIX, ITALIAN ONE, YOU STRIKE A BLOW….
THANKS TO ALL
EAGLE
  • #607
  • Edited May 10, 2007 2:22am May 9, 2007 10:02pm | Edited May 10, 2007 2:22am
Eagle:

You neeed :
4H graph with 5, 13 and 50 EMA and 13,5,5 Stoch
1Day graph with 13,5,5 Stoch

A valid signal is when: 5 EMA crossed 50 ema AND 13EMA crossed 50EMA AND the 1Day 13,5,5 Stoch showes the same trend direction as the EMA cross
Hope this helps, look at the pictures at the begining of the thread.



Anyway.. for the experienced guys ... can anyone please answer my question from the previous page???thanks
  • #608
  • May 10, 2007 4:16am May 10, 2007 4:16am
This probably has been answered somewhere in this thread but I've missed it. Is it possible to enter a trade much later than the initial crosses of the EMA's i.e well into a trend or does the system rely on entering as soon as the crosses are made and of course the stochastics are right? I've been trading the Vanessa FX 4hr system but as soon as the currency stops trending you get wipsawed badly and end up giving a lot back where as this system seems to avoid that for the best part.
Cheers.
  • #609
  • May 10, 2007 6:15am May 10, 2007 6:15am
Hi all,
I have been testing this method for several weeks now, and I have a simple tip: Always put your trades as soon as you see the final cross ( ema 13, ema 50) forming, do not wait till the candle closes and a new candle forms. This will give more time to react in case any reversal and gives enough room to escape with small loss in any such event. Also in the other hand, if the cross forms and well under way, we will be in a position more in advance (sometimes 30-40pips more). Any suggestions? http://www.forexfactory.com/images/icons/icon7.gif
  • #610
  • May 10, 2007 7:55am May 10, 2007 7:55am
Quoting MegaPips
Hi all,
I have been testing this method for several weeks now, and I have a simple tip: Always put your trades as soon as you see the final cross ( ema 13, ema 50) forming, do not wait till the candle closes and a new candle forms. This will give more time to react in case any reversal and gives enough room to escape with small loss in any such event. Also in the other hand, if the cross forms and well under way, we will be in a position more in advance (sometimes 30-40pips more). Any suggestions? http://www.forexfactory.com/images/icons/icon7.gif
i find that sometimes , at the exact point of official entry (when the 13 crosses the 50) it can sometimes be almost overbought , and may have a pullback just after or within the next few candles, which runs the risk of being stopped out on your 50 pips . what i tend to do is buy on a pullback and re-crossing of a...
% K5 ;
% D3 ;
PERIOD 3 stochastic .
you will get a more clearer signal of this as well if you flick back to the 2 hour chart when you use this stoch to establish your entry . it just helps to pinpoint the entry better .the 4hr chart is a very smooth flowing chart but the 2 hr entry on that stoch ensures a quality entry
  • #611
  • May 10, 2007 8:28am May 10, 2007 8:28am
Thanks mcdonnelc, really well designed entry. will try to adopt this method from now on. Also, if any currency pairs are ready to trade, I hope it is better if anyone post here as usual, as that will help a lot. http://www.forexfactory.com/images/icons/icon3.gif
  • #612
  • May 10, 2007 11:13am May 10, 2007 11:13am
the method to only work to 4h?
thank
  • #613
  • May 10, 2007 12:52pm May 10, 2007 12:52pm
Is there a possible short forming on GBP/YEN? The 4 has crossed & 13 is about to do the same!
  • #614
  • May 10, 2007 1:09pm May 10, 2007 1:09pm
to have watched that method to work on other currencies and to 15M and 1H. TO BE POSSIBLE?
best regards
marcello
eagles
italy
  • #615
  • May 10, 2007 1:54pm May 10, 2007 1:54pm
Quoting eagle
to have watched that method to work on other currencies and to 15M and 1H. TO BE POSSIBLE?
best regards
marcello
eagles
italy

I do not think any timeframe less tham 4H suits this method, it will give more false trades leading to frequent stoplosses. Any currency pair is ok, but the more volatile pairs gives more better trades.
  • #616
  • May 10, 2007 1:57pm May 10, 2007 1:57pm
Quoting ankur_75
Is there a possible short forming on GBP/YEN? The 4 has crossed & 13 is about to do the same!

Yes thank you. May be tomorrow is a sell-off for GBP-JPY.
  • #617
  • May 10, 2007 1:57pm May 10, 2007 1:57pm
thank you ,megapips.
best regards
  • #618
  • May 11, 2007 1:45am May 11, 2007 1:45am
Selling GBP/JPY 237.06, SL 237.56.
  • #619
  • May 11, 2007 2:40am May 11, 2007 2:40am
Quoting edge540
This probably has been answered somewhere in this thread but I've missed it. Is it possible to enter a trade much later than the initial crosses of the EMA's i.e well into a trend or does the system rely on entering as soon as the crosses are made and of course the stochastics are right? I've been trading the Vanessa FX 4hr system but as soon as the currency stops trending you get wipsawed badly and end up giving a lot back where as this system seems to avoid that for the best part.
Cheers.
Everything is possible, but much writing was done here in the forum about how important it is to go in soon enough. When the signal appears to be a one big candle and then a consolidation pattern, going in late can turn a decent profit into loss...
(unless you have some other proves supporting the perspective of long-lasting trend.)
  • #620
  • May 11, 2007 2:45am May 11, 2007 2:45am
Quoting MegaPips
Selling GBP/JPY 237.06, SL 237.56.
looking into my IBFX 4H chart your entry is two candles late, am I missing something?
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