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MA Crossover System that works for me

  • #961
  • Jun 22, 2023 2:00am Jun 22, 2023 2:00am
Hi AlistairC and all, thanks to Alistair for starting this thread. This takes me back to my beginnings in trading and it's refreshing to revisit some simple yet powerful strategies.
I've read through most of the pages, and one website Alistair shared was an article on The Floor Trader Trading System (sorry I can't find it now), but that article describes 3 Levels of trade entries, which I thought was really helpful. I'll attach a chart to help illustrate. Basically the concept is if price retraces deeply back to/into/slightly past the 20 EMA, that provides a potential Level 1 Entry. If price retraces to just touching the 9 EMA, that provides a potential Level 2 Entry. If price pulls back but does not touch the 9 EMA (meaning it's a small pullback/retracement), that provides a potential Level 3 Entry. Each have their merit/strengths/weaknesses in different situations, but I thought it helpful to me at least to think of the amount of pullbacks in 3 different categories.
Chart attached.
MantisClaw
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We don't see things as they are - we see things as we are.
  • #962
  • Jun 22, 2023 2:55am Jun 22, 2023 2:55am
Quoting sonicvista12
Hi AlistairC and all, thanks to Alistair for starting this thread. This takes me back to my beginnings in trading and it's refreshing to revisit some simple yet powerful strategies. I've read through most of the pages, and one website Alistair shared was an article on The Floor Trader Trading System (sorry I can't find it now), but that article describes 3 Levels of trade entries, which I thought was really helpful. I'll attach a chart to help illustrate. Basically the concept is if price retraces deeply back to/into/slightly past the 20 EMA, that...
Yes, pullbacks are our bread and butter, but the difficulty lies in knowing how far they will pull back, or perhaps they'll even reverse. If you wait until the answer is clear then you've missed it anyway, or will get in late (which in the greater scheme of things is probably not such so a bad idea). So what I try to do is trail the pullback down with my stop order, trying all the while not to get triggered too soon. As I often say, doing things live is not easy.

If anyone has some method of managing this situation, please share it.
  • #963
  • Jun 22, 2023 5:02am Jun 22, 2023 5:02am
I can't seem to control the trailing stop adequately, it only triggers on the EUR/USD pair, once the SL is there, MT4 does not allow me to change the SL to a different level while EA is running, 3 subsequent trades opened and closed due to the trailing stop (see list included). So my question is: 1) what are good parameters for the trailing stop and 2) any idea why I cannot change SL and what I can do to change this?
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  • #964
  • Jun 22, 2023 5:36am Jun 22, 2023 5:36am
Seems you want to trade manually to move stop loss

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Put this one in false and have the button on the right upside of the screen in red.
Put the indicator fractals on the screen of the timeframe you are scalping so you can see where the last fractals are although
this info can also be found on the left side in the info panel.
When you want to move the stop acivate the Fractal Trail button.
Price should be above your entry price and last dn fractal above entry price.

One can also start trailing having a loss, then one replaces the zero with for example 30.
When one wants to start trailing when the last fractal is 10 pips above entry price one could put -10 (minus 10)
Trends have a higher probability of continuing than not.
  • #965
  • Jun 22, 2023 5:54am Jun 22, 2023 5:54am
Quoting eurusd-thijs
Seems you want to trade manually to move stop loss {image} Put this one in false and have the button on the right upside of the screen in red. Put the indicator fractals on the screen of the timeframe you are scalping so you can see where the last fractals are although this info can also be found on the left side in the info panel. When you want to move the stop acivate the Fractal Trail button. Price should be above your entry price and last dn fractal above entry price. One can also start trailing having a loss, then one replaces the zero with...
I saw this as trailing stop, am I wrong?
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  • #966
  • Jun 22, 2023 6:03am Jun 22, 2023 6:03am
Quoting Uru-trader
I can't seem to control the trailing stop adequately, it only triggers on the EUR/USD pair, once the SL is there, MT4 does not allow me to change the SL to a different level while EA is running, 3 subsequent trades opened and closed due to the trailing stop (see list included). So my question is: 1) what are good parameters for the trailing stop and 2) any idea why I cannot change SL and what I can do to change this? {image}
I have posted a video below that you must watch, and wait for the second half where he tells you what he does.

What you need to know about our TS is that (if I have understood things correctly) it does not move until price is in profit AND the latest fractal has formed also in the profit zone. The TS sleeps until those conditions are met. The 3x3 EA uses a clever idea for a TS because it moves the stop down the swing points (by using fractals). In other words it is dynamic, or responsive to market behaviour. I have tried to improve it by asking eurusd-thijs to set the TS with an option to use the previous fractal, not the current one, which is often too close, but then I drop down one TF (H1, not H4, in my case) to make it more responsive, or to use a finer set of moves.

This is the theory! But read further ...

Trailing stops have this aura of making you much more money than a fixed stop, but it's often not like that. They really only help you when you get a nice long run, but how often does that happen? If you trade short-term as I do then TSs are a waste of time. If you want to trade longer-term (as I would like to do!) then it's worth experimenting with a TS. The problem is, if you set it too tight, you get stopped out too early, if you set it too wide, you leave half your profit on the table.

What you really need is a TS that tightens itself as price moves. It should start very wide (e.g 100 pips) then tighten up after every xx candles, to eg 80 pips, then 60 etc. But getting the timing right is not going to be easy. The PSAR TS does this and I have tried using it, mostly unsuccessfully, even though visually it makes so much sense. I will attach a copy of the PSAR TS below.

My solution, for want of anything better, is to move a trade to B/E at 50 pips and then set a fixed stop at 100 pips. That seems to be a good number most of the time. When the markets are jumpy I will make that less, like 80 pips or whatever the chart structure dictates. For longer term trading I prefer to move my stop manually using my own assessment of the market. And it's fun to do that!

Inserted Video
Attached File(s)
File Type: mq4 PSAR_Trail_mod Tommaso.mq4   3 KB | 307 downloads
  • #967
  • Jun 22, 2023 6:13am Jun 22, 2023 6:13am
Quoting Uru-trader
{quote} I saw this as trailing stop, am I wrong? {image}
that one moves stop 30 pips in profit when you have 50 pips in profit

the fractal trailing is below that in the menu ( my picture).
Trends have a higher probability of continuing than not.
  • #968
  • Jun 22, 2023 6:26am Jun 22, 2023 6:26am
Quoting eurusd-thijs
{quote} that one moves stop 30 pips in profit when you have 50 pips in profit the fractal trailing is below that in the menu ( my picture).
Quite right, I read too fast.

My settings - I move to B/E at 50 pips and lock in 2 pips of profit instead of moving to exactly zero
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My TS settings. I leave it on false and switch it on using the onscreen button when I feel the PA is right for it.
Attached Image (click to enlarge)
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  • #969
  • Jun 22, 2023 8:54am Jun 22, 2023 8:54am
Quoting AlistairC
{quote} I have posted a video below that you must watch, and wait for the second half where he tells you what he does. What you need to know about our TS is that (if I have understood things correctly) it does not move until price is in profit AND the latest fractal has formed also in the profit zone. The TS sleeps until those conditions are met. The 3x3 EA uses a clever idea for a TS because it moves the stop down the swing points (by using fractals). In other words it is dynamic, or responsive to market behaviour. I have tried to improve it by...
I would trail behind a lower TF ema once the TP target is hit. This narrows down the Trailing SL size while catching short-term momentum bursts (e.g news).
Leave the Gun, Take the Armani
  • #970
  • Jun 22, 2023 1:23pm Jun 22, 2023 1:23pm
No losers, waiting for one last one to close (USD/CAD sell), definitely a good system
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  • #971
  • Edited 10:51pm Jun 22, 2023 10:41pm | Edited 10:51pm
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Did go short here in audusd but the three emas in H4 are not aligned so changing code.

Good Morning.
Trends have a higher probability of continuing than not.
  • #972
  • Jun 24, 2023 5:32am Jun 24, 2023 5:32am
I had an excellent Thursday and Friday using the EA and the same 3x3 system but manually, based on the OGT dashboard signals. I have one trade still running that might still lose some money from those two days, but ignoring that, I gained 5.4% on my account. That's not something that happens often, but I would like to try!
  • #973
  • Jun 25, 2023 9:52am Jun 25, 2023 9:52am
Good Evening.
New trading week to come to test the system.
Trying to improve the expert a bit.
1. added slope of the mas (now you can choose ema,sma,etc) of the last 2 candles
2. switch trailing when achieved certain profit in pips to lower time frame fractals, also possible manual with button
3. After too much drawdown like -40 pips when possible close in profit 20 pips (both adjustable in menu)

Question does anyone use the option with confirmation candle ?
I use "One Trigger" so no confirmation.


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Trends have a higher probability of continuing than not.
  • #974
  • Jun 25, 2023 10:42am Jun 25, 2023 10:42am
Quoting eurusd-thijs
Good Evening. New trading week to come to test the system. Trying to improve the expert a bit. 1. added slope of the mas (now you can choose ema,sma,etc) of the last 2 candles 2. switch trailing when achieved certain profit in pips to lower time frame fractals, also possible manual with button 3. After too much drawdown like -40 pips when possible close in profit 20 pips (both adjustable in menu) Question does anyone use the option with confirmation candle ? I use "One Trigger" so no confirmation. {image}
I also use one trigger
  • #975
  • Jun 25, 2023 11:09am Jun 25, 2023 11:09am
i have to do some hours forward test tomorrow to check if the new expert does what i want without bugs.
the menu will look like this.
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and the screen like this: (with ema 8 in m5 which i did put myself)
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a backtest picture:
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Trends have a higher probability of continuing than not.
  • #976
  • Jun 25, 2023 11:14am Jun 25, 2023 11:14am
so stay tuned
and the last posted expert is ok too
just follow the recipe selecting the pairs with the OGT Trend Dashboard
Trends have a higher probability of continuing than not.
  • #977
  • Jun 25, 2023 11:41am Jun 25, 2023 11:41am
I can't seem to add currency pairs to this indicators, it just gives me grey fields on all pairs and all TF, any idea?
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  • #978
  • Jun 25, 2023 12:20pm Jun 25, 2023 12:20pm
see post 928 and load that setfile that is in the zip
the setfile must be placed in mql4 > presets and the indicator in directory Indicators
of course all the pairs you want to see have to be present in Market Watch window

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Trends have a higher probability of continuing than not.
  • #979
  • Jun 25, 2023 2:37pm Jun 25, 2023 2:37pm
Quoting eurusd-thijs
see post 928 and load that setfile that is in the zip the setfile must be placed in mql4 > presets and the indicator in directory Indicators of course all the pairs you want to see have to be present in Market Watch window {image}
Followed these instructions, but no difference, additional pairs are all grey ... no idea what goes wrong there
  • #980
  • Jun 25, 2023 10:05pm Jun 25, 2023 10:05pm
Quoting Uru-trader
I can't seem to add currency pairs to this indicators, it just gives me grey fields on all pairs and all TF, any idea? {image}
Go here and get it from source. Watch the videos. All your questions (most of them) are answered here.
https://www.forexfactory.com/thread/...dicator-system
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