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MA Crossover System that works for me

  • #1,081
  • Jul 24, 2023 5:09am Jul 24, 2023 5:09am
Quoting eurusd-thijs
{image} ps the long gbpusd it took was a disaster in automatic mode if you want automatic only for eurusd the other pairs automatic in false the short usdcad was manual
I downloaded EA using with default settings on EUR/USD let's see how it's works, do you recommend any settings ?
The trade in the chart opened manual not with EA.
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  • #1,082
  • Jul 24, 2023 7:52am Jul 24, 2023 7:52am
The trades I posted earlier are are still keeping me in the "hope" stage. EURUSD pulled right back, but beginning to go my way. CADJPY still hovering in local consolidation but on the loss side of the entry.

This EURCAD trade has done much better, now at B/E and recovering from the minor pullback earlier. It is a long way from getting the yellow arrow signal, so in this case using just the 8/21 EMA crossover helped me get in closer to the beginning of the new trend with (hopefully) some more space to play with on the way down. TP is set at 150 pips.
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  • #1,083
  • Jul 24, 2023 9:23am Jul 24, 2023 9:23am
Quoting AlistairC
The trades I posted earlier are are still keeping me in the "hope" stage. EURUSD pulled right back, but beginning to go my way. CADJPY still hovering in local consolidation but on the loss side of the entry. This EURCAD trade has done much better, now at B/E and recovering from the minor pullback earlier. It is a long way from getting the yellow arrow signal, so in this case using just the 8/21 EMA crossover helped me get in closer to the beginning of the new trend with (hopefully) some more space to play with on the way down. TP is set at 150 pips....
Is EURCAD not just a pullback in an uptrend? 1D is still up, so is such trade not in contradiction to your 3x3 strategy? Just a question ...
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  • #1,084
  • Edited 12:45pm Jul 24, 2023 12:12pm | Edited 12:45pm
Quoting Uru-trader
{quote} Is EURCAD not just a pullback in an uptrend? 1D is still up, so is such trade not in contradiction to your 3x3 strategy? Just a question ... {image}
Thank you for this question. Firstly, this is not based on the 3x3 strategy - today I have been posting about entering earlier using the 8/21 EMA crossover as the signal, not the 3 EMA crossover as the signal.

Your question made me go back and look carefully at this trade and why I made the decisions I did. You are correct that this is (or was) still an uptrend on the daily, but it depends what you are using to make that decision. If you look at my chart you will see that price became very overbought - there is a significant gap between the price bars and the EMAs and so it was (almost) inevitable that a correction, at least, and a reversal, probably, would take place. So when all the indications on H4 were in favour of a short trade, and with D1 showing these signs, I decided to take the trade. And so far luck has been my friend. One thing to keep luck on my side that I did since placing the trade was to move the TP up to the top of the support level visible on H4.
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  • #1,085
  • Jul 24, 2023 12:38pm Jul 24, 2023 12:38pm
Quoting AlistairC
{quote} Thank you for this question. It made me go back and look carefully at this trade and why I made the decisions I did. You are correct that this is (or was) still an uptrend on the daily, but it depends what you are using to make that decision. If you look at my chart you will see that price became very overbought - there is a significant gap between the price bars and the EMAs and so it was (almost) inevitable that a correction, at least, and a reversal, probably, would take place. So when all the indications on H4 were in favour of a short...
Revised target reached, 120 pips banked.
  • #1,086
  • Jul 25, 2023 11:10am Jul 25, 2023 11:10am
Quoting AlistairC
{quote} Thank you for this question. Firstly, this is not based on the 3x3 strategy - today I have been posting about entering earlier using the 8/21 EMA crossover as the signal, not the 3 EMA crossover as the signal. Your question made me go back and look carefully at this trade and why I made the decisions I did. You are correct that this is (or was) still an uptrend on the daily, but it depends what you are using to make that decision. If you look at my chart you will see that price became very overbought - there is a significant gap between...
Decided to exit the trade as well, with a small loss, as I expect tomorrow might be very volatile and possibly bullish for USD
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  • #1,087
  • Edited Jul 26, 2023 3:17am Jul 25, 2023 12:27pm | Edited Jul 26, 2023 3:17am
I decided to go back to the original method I started this thread with. In fact post #1 summarises it nicely. I have borrowed text from that post to explain what I am doing now.
===========
Borrowed from post #1: This chart summarises my strategy. I wait for a new trend to form, as defined by the EMA crossover, then wait for a pullback to (or close to) the EMAs, and then enter a trade. I almost always use stop orders so that if a pullback turns into a reversal, there is less chance of that trade being taken out as price continues the 'wrong' way. Note that I identified a two-bar pullback setup and two inside bar setups. They all represent a pullback, or at least a pause, or a local consolidation period. And after the multi-IB setup, price exploded away. That's just perfect. I look for that kind of setup all the time (and some of my recent trades make this obvious - waiting for a consolidation and trading from just below/above it is a powerful strategy).

Something I didn't comment on in post #1 is the importance of trading in line with the higher timeframe (HTF). However, it is not necessary to wait for the HTF to be "officially" in the same direction as the trade (e.g. EMAs crossed, or a HH/HL setup or similar), just that it is obviously heading in that direction. But to make it more certain and less based on instinct, experience or the trader's discretion, one can insist on seeing an "official" matching trend direction.

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  • #1,088
  • Jul 26, 2023 4:24am Jul 26, 2023 4:24am
I bought GBPUSD after the 8/21 EMA crossover. D1 is very up.
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  • #1,089
  • Jul 26, 2023 4:59am Jul 26, 2023 4:59am
Thanks for keeping us updated !



Market seems preparing for a not hawkish FED.
But they could as well say it might not be the last rate increase.
Trends have a higher probability of continuing than not.
  • #1,090
  • Jul 26, 2023 7:52am Jul 26, 2023 7:52am
Quoting AlistairC
I bought GBPUSD after the 8/21 EMA crossover. D1 is very up. {image}
The above GBPUSD trade moving now, but slowly, unlike GBPCAD, that has burst up and is now at B/E. TP at 150 pips.
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  • #1,091
  • Edited 3:09am Jul 27, 2023 2:52am | Edited 3:09am
Inserted Video
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gapma.jpg Size: 257 KB
Click to Enlarge Name: trend.jpg Size: 315 KB
Attached File(s)
File Type: ex4 CL_I_02_GapMACross Alert 131026.ex4   9 KB | 263 downloads
File Type: mq4 CL_I_02_GapMACross Alert 131026.mq4   6 KB | 304 downloads
File Type: mq4 INDI STANDAR ALL TF.mq4   195 KB | 328 downloads
  • #1,092
  • Jul 30, 2023 1:22pm Jul 30, 2023 1:22pm
Subscribed!
Hi AlistairC, Your chart will be helpful if we can see the left part of it also.

Thanks.
  • #1,093
  • Jul 31, 2023 1:45am Jul 31, 2023 1:45am
25-50 emas uses that gap alert
would that be better than 8-21 ?

making a new expert/signal board
long usdjpy it did tell me since 141.31

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with 25-50 emas
Trends have a higher probability of continuing than not.
  • #1,094
  • Jul 31, 2023 2:50am Jul 31, 2023 2:50am
Quoting eurusd-thijs
25-50 emas uses that gap alert would that be better than 8-21 ?
Instead of guessing you "simply" have to back- and forward-test:
100 hundred trades for each setting; let the members do the work for you...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 21 KB
Attached File(s)
File Type: mq4 2 MA Difference v1.mq4   8 KB | 315 downloads
  • #1,095
  • Edited 10:20am Jul 31, 2023 8:26am | Edited 10:20am
a nice bunch of pips that long usdjpy
it had
when price goes in european session far above last usa close and also above asia close today it retraces
141.87 was my asia high
Trends have a higher probability of continuing than not.
  • #1,096
  • Edited 4:42am Aug 1, 2023 2:22am | Edited 4:42am
Attached Image (click to enlarge)
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Attached File(s)
File Type: zip bt2022.zip   389 KB | 267 downloads

use it in demo to test, put automatic in false
works with timer, so can not be backtested
in the picture one sees 7 pairs = option2 in menu, when selected 26 pairs option1 expert slows down considerably.
one can edit the pairs in menu
Trends have a higher probability of continuing than not.
  • #1,097
  • Edited 4:43am Aug 1, 2023 4:22am | Edited 4:43am
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all manual, to test, entries could have been a bit better
Trends have a higher probability of continuing than not.
  • #1,098
  • Aug 1, 2023 4:26am Aug 1, 2023 4:26am
Attached File(s)
File Type: ex4 BT2022_Multipair for backtest.ex4   365 KB | 243 downloads

for one pair at the time to backtest, needs the 2 indicators in the above zip
backtest goes slow be warned
Trends have a higher probability of continuing than not.
  • #1,099
  • Edited 5:00am Aug 1, 2023 4:46am | Edited 5:00am
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V pips stands for virtual pips. In this case gbpusd macd zero cross was higher than actual price so V pips is negative.

Hope you like this expert /helper to trade
Trends have a higher probability of continuing than not.
  • #1,100
  • Aug 1, 2023 7:38am Aug 1, 2023 7:38am
Quoting eurusd-thijs
{image} {file} use it in demo to test, put automatic in false works with timer, so can not be backtested in the picture one sees 7 pairs = option2 in menu, when selected 26 pairs option1 expert slows down considerably. one can edit the pairs in menu
Do you put both files under 'expert' ?
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