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Interesting GBP/USD MA Crossover system 178 replies

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MA Crossover System that works for me

  • Post #941
  • Quote
  • Edited 11:36pm Jun 20, 2023 10:59pm | Edited 11:36pm
Take note: I haven't backtested this thoroughly so I don't have stats for this. I'm just hoping to join in the ride here. I will utilise a very old but basic entry method from a guy called Hector Deville from his 3SMA course. I will incorporate some ICT techniques as an alternative method of technical analysis. However, I will try to keep it simple.

Trading Plan

  1. Watchlist

    1. Scan forex pairs, metals, commodities, energy CFDs over weekend
    2. Choose those which look good and build a watchlist for the coming week
    3. Use push alerts to get notified of potential opportunities and also to step away from charts

  2. Timeframes

    1. W1/D1 for overall trend and macrostructure
    2. H4 for mini/inner trend and microstructure
    3. H4/H1/M15/M5 for entry

  3. Trend Condition

    1. 8-21 EMAs crossover
    2. Sloping and parallel EMAs

  4. Entry Model

    1. Horizontal/Trendline Breakout (Hector Deville Method)

      1. Breakout-Pullback-Continuation (BPC)
      2. Breakout-Pullback-Retest (BPR)

    2. Micro Market Structure Shift (MSS)

      1. Fair Value Gap (FVG) entry

  5. Confluence

    1. Fibonacci Levels
    2. Fibonacci Extensions (Targets)
    3. Support Resistance
    4. Imbalances / FVG

  6. Important Levels (Possible Trend Reversal)

    1. Monthly High/Lows
    2. Weekly High Lows
    3. Significant S/R

  7. Stop-Loss

    1. Behind candle
    2. Behind FVG
    3. Behind Swing

  8. Take-Profit

    1. 138.2% extension
    2. 161.8% extension
    3. Monthly High/Lows
    4. Weekly High/Lows
    5. Trailing SL behind EMAs (current or lower TF)

  9. Correlation

    1. Do not open positions on correlated charts

Ok, I think i've detailed my trading plan out enough. I will post screenshots and images of the entry methods in further posts.

Leave the Gun, Take the Armani
Good Morning,
i found a youtube of Hector Deville teaching about the 3 moving averages which are 30, 50 and 100 sma for all timeframes.
Have a look at the video to see how he works with the mas.

Inserted Video
Trends have a higher probability of continuing than not.
Here's an example of some entry methods.

D1 Trend identified
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H4 Entry Opportunities
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M15 Entry Opportunities
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Leave the Gun, Take the Armani
Quoting eurusd-thijs
Good Morning, i found a youtube of Hector Deville teaching about the 3 moving averages which are 30, 50 and 100 sma for all timeframes. Have a look at the video to see how he works with the mas. https://www.youtube.com/watch?v=3LTrgnMmweM
I like the way he explains this - very simple, 6 clear conditions for entering a trade or avoiding a trade. He talks longer than he needs to and repeats himself, but clearly he is enthusiastic about it!

So far he has shown historical charts but hasn't demonstrated it live - very different - so I'm keen to find the next couple of videos in his course to see how he does it.
Quoting AlistairC
{quote} I like the way he explains this - very simple, 6 clear conditions for entering a trade or avoiding a trade. He talks longer than he needs to and repeats himself, but clearly he is enthusiastic about it! So far he has shown historical charts but hasn't demonstrated it live - very different - so I'm keen to find the next couple of videos in his course to see how he does it.
His full 3SMA course used to be on YouTube. There's an old thread about it on forexfactory too. It's actually a pretty old course but it's simple, clean and logical.
https://www.forexfactory.com/thread/...ding-all-pairs

And there's a condensed PDF.
https://www.forexfactory.com/attachment/file/526921
Leave the Gun, Take the Armani
This is the current state of play on the 3x3 system. And as all of the Yen pairs are either overbought or are up against resistance, I have set them all to Sell only on the EA. So NZDCAD is the only one in play.

I have had two proper 1R losses today, with one more on the way, very likely. So I am happy to announce that the EA is normal and not some kind of magic that we will use to take over the world!! This does mean we need to be more careful about which pairs we allow to be traded before we let the EA loose on them.
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On another wavelength completely, this pair is going sideways and the EMAs are close together. A breakout can be expected. Based on PA on the HTFs, I would expect it to go down, but there are two ways we could do this:

1. Place a stop order at the top and the bottom of the consolidation area (with plenty of safety space to the nearest candle), then delete one when the other is triggered. And then you can still get it wrong.

2. The other, higher probability, option is to wait for the breakout, then the usual pullback and trade out of that.
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Ahh. I feel like I'm back to being a fresh forex newbie that just got done reading babypips. Hector's 3sma system was the first "proper" system I learnt combining EMAs and Price Action. End of the day, we're still trading the same things. Breakouts and Pullbacks lol.
Leave the Gun, Take the Armani
Hi all,

I have taken this EUR/AUD trade for the day.
It's more along with the D1 trend and after an explosive day yesterday, I waited for the price to come closer to the EMAs before triggering a trade expecting a new "leg". Looks good so far.
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Quoting Vladbold
Hi all, I have taken this EUR/AUD trade for the day. It's more along with the D1 trend and after an explosive day yesterday, I waited for the price to come closer to the EMAs before triggering a trade expecting a new "leg". Looks good so far. {image}
Well done Vladbold, that's a good trade. What you have done is waited for price to break out of the consolidation, then waited for the pullback and then entered on the continuation. Perfect! One improvement on perfect might have been, once you knew the trade was on, to drop down to a lower TF and get a better entry there, but that's splitting hairs.
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Quoting AlistairC
{quote} Well done Vladbold, that's a good trade. What you have done is waited for price to break out of the consolidation, then waited for the pullback and then entered on the continuation. Perfect! One improvement on perfect might have been, once you knew the trade was on, to drop down to a lower TF and get a better entry there, but that's splitting hairs. {image}
Thanks a lot for the nice words!

I've been trading Fx on an off for roughly 10 years now and whenever I drop to lower TFs (or trade lower TFs for that matter), my mental practice goes down the drain. The main reason why I love the method you're teaching here is that it's clean, easy to understand and honestly, wide enough so that entry points don't matter as much as other methods.
Quoting AlistairC
This does mean we need to be more careful about which pairs we allow to be traded before we let the EA loose on them. {image}
My post #8 was this safety checklist. It is still totally applicable, even to managing the EA. I pasted it here for convenience.

============================
Safety checklist

In my strategy there are no strict rules – you have to understand what is happening on the chart and use the trading tool between your ears. But there are some basics, which I call safety checks. These are things every trader should use for every trade. Basic common sense. I think that if you applied these safety checks properly, you could probably trade ANY system successfully.

1. Dominant trend: Check the trend direction on the next time frame up. I use H4, so I check what is happening on D1. It doesn’t have to be officially up/down yet just as long as it is clearly heading in that direction. It also helps to have a look at what is happening on the next TF down (in my case it’s H1). Sometimes you can see details there that are not clear on your trading TF.

2. S/R obstructions: Avoid trading into support or resistance – this could be horizontal levels or inclined levels as in trend lines or channels. Also, what looks like a strong uptrend on H4 might just be a pullback leg on D1 within a down channel. It would be foolish to buy at the upper boundary line joining successively lower swing high points.

3. Enter when price is close to the EMAs, which means you should avoid entering when there is open space between price and the EMAs. Here the rubber band is stretched, so price is likely to bounce back before it continues with the trend.

4. Avoid long/explosive bars, enter where the bars are short or “quiet” (and such bars are usually close to the EMAs).

5. Avoid trading into price extremes – look at the monthly or weekly chart to see if price is at a long-term low/high.

6. Beware of "old" trends. No trend continues forever, so if a trend has continued for a long time (e.g. it starts in the lower left corner of your screen and goes all the way up to the top right corner) it is an old trend, probably getting tired, its life expectancy is reducing rapidly (as with all of us eventually ). It might continue still, but as a safety precaution, just walk away. Wait for a fresh trend to start.
So far the EA has given me not a single losing trade, today it appears that also the trailing S/L enters in the game, I use the parameters that the trailing stop of 25 pips starts at a gain of 50 pips, about 1 hour of opening a UER/USd long trade I was stopped out with a profit using the trailing S/L. Would it be a good idea to raise the 25 pips to a higher number? If this week ends positive again, I would consider raising the 0,01 lot size ...
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Quoting Vladbold
{quote} Thanks a lot for the nice words! I've been trading Fx on an off for roughly 10 years now and whenever I drop to lower TFs (or trade lower TFs for that matter), my mental practice goes down the drain. The main reason why I love the method you're teaching here is that it's clean, easy to understand and honestly, wide enough so that entry points don't matter as much as other methods.
Yeah, it's not necessary to drop timeframes. You might end up getting prematurely stopped out and inducing analysis paralysis. If you're going to drop down, I'd advocate just dropping down 1 TF (D1 to H4 or H4 to H1). The whole point of 8-20ema system is to hop in on a trend. If you start to get finicky about getting a tighter entry or stoploss, you're either going to miss the move or get stopped out, possibly multiple times, eroding the simple edge in this strategy.
Leave the Gun, Take the Armani
Hello there!!!

I just chanced upon this thread and really interesting. I have downloaded the EMA EA 9 installed but so far can't see any trade initiated.

Can someone kindly assist me? I want to try it out and see how it performs.

Thank you
Quoting Zorbok
Hello there!!! I just chanced upon this thread and really interesting. I have downloaded the EMA EA 9 installed but so far can't see any trade initiated. Can someone kindly assist me? I want to try it out and see how it performs. Thank you
Quoting Uru-trader
{quote} Alistair gave them in post 854: {image}
The default settings switch it off between 7 am and 7 pm broker time.
This pair has been consolidating for some time. Then during today I noticed the OGT dashboard flashed this pair up, so I placed a trade using the EA. The usual breakout after consolidation happened and now the target isn't far away. I just hope the usual pullback doesn't happen soon.
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Quoting AlistairC
{quote} {quote} The default settings switch it off between 7 am and 7 pm broker time.
Please how do i change that in the settings.

Thank you
Quoting Zorbok
Hello there!!! I just chanced upon this thread and really interesting. I have downloaded the EMA EA 9 installed but so far can't see any trade initiated. Can someone kindly assist me? I want to try it out and see how it performs. Thank you
Hi Zorbok, it does not just open trades, the conditions have to be met, for instance the 3 time frames have to align long or short, etc. Patience!
Quoting Uru-trader
{quote} Hi Zorbok, it does not just open trades, the conditions have to be met, for instance the 3 time frames have to align long or short, etc. Patience!
Thank you very much
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