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MA Crossover System that works for me

  • #1,101
  • Aug 1, 2023 7:47am Aug 1, 2023 7:47am
Quoting Uru-trader
{quote} Do you put both files under 'expert' ?
the files in the zip file directory indicator go to your indicator folder (MARSI and Elliot).
the bt2022 files are the experts for the experts folder
i use it in demo just to alert me and in gold one minute chart as it alerts once each bar and gold is not traded
Trends have a higher probability of continuing than not.
  • #1,102
  • Aug 1, 2023 10:10am Aug 1, 2023 10:10am
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
eurusd-thijs, I see that this EA uses both MACD and RSI. This thread does not support the use of such indicators. Could you stick to just MAs? The purpose of the thread, made clear in several posts, is to use only MAs and for us to become better at doing that.
  • #1,103
  • Aug 1, 2023 10:14am Aug 1, 2023 10:14am
Here is a trade I placed late yesterday on AUDNZD. It has moved very slowly and is now undergoing a pullback. The TP is at 69 pips based on price structure.
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  • #1,104
  • Aug 1, 2023 10:55am Aug 1, 2023 10:55am
Quoting AlistairC
{quote} eurusd-thijs, I see that this EA uses both MACD and RSI. This thread does not support the use of such indicators. Could you stick to just MAs? The purpose of the thread, made clear in several posts, is to use only MAs and for us to become better at doing that.
moved my expert to a new thread
https://www.forexfactory.com/thread/...2#post14519442
Trends have a higher probability of continuing than not.
  • #1,105
  • Aug 1, 2023 11:06am Aug 1, 2023 11:06am
Quoting eurusd-thijs
{quote} moved my expert to a new thread https://www.forexfactory.com/thread/...2#post14519442
Thank you
  • #1,106
  • Aug 2, 2023 1:20am Aug 2, 2023 1:20am
Quoting AlistairC
Here is a trade I placed late yesterday on AUDNZD. It has moved very slowly and is now undergoing a pullback. The TP is at 69 pips based on price structure. {image}
Target reached.
  • #1,107
  • Aug 2, 2023 1:22am Aug 2, 2023 1:22am
Here is another trade I placed yesterday, also NZD but in the opposite direction. I stuck with it because if the PA says it is going down (short NZD) as opposed to AUDNZD going down (long NZD) then it is, and it has. Now at B/E.
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  • #1,108
  • Aug 2, 2023 1:43am Aug 2, 2023 1:43am
I have been waiting for GBPUSD H4 to go down some more so that I am sure it is not just a D1 pullback. It has broken through the D1 trend line now and so I entered after that local pullback/consolidation.
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  • #1,109
  • Aug 2, 2023 4:44am Aug 2, 2023 4:44am
I placed this USDCHF trade this morning too. Seems like USD is bullish across the board. But don't take this as a signal to trade USD long. Trust the system and trade what you see on your charts, not what somebody says should be happening.
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  • #1,110
  • Aug 2, 2023 7:08am Aug 2, 2023 7:08am
Quoting AlistairC
I placed this USDCHF trade this morning too. Seems like USD is bullish across the board. But don't take this as a signal to trade USD long. Trust the system and trade what you see on your charts, not what somebody says should be happening. {image}
Same, I see little resistance till 0,8820, already at BE now ...
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  • #1,111
  • Edited Aug 3, 2023 3:24am Aug 2, 2023 7:38am | Edited Aug 3, 2023 3:24am
Quoting AlistairC
I have been waiting for GBPUSD H4 to go down some more so that I am sure it is not just a D1 pullback. It has broken through the D1 trend line now and so I entered after that local pullback/consolidation. {image}
We have breakout!

This is what usually happens after a period of consolidation, whether that consolidation is a short, local one or days- or weeks-long one. And, while we don't want to get caught in a period when price goes nowhere, so too must we welcome such times because we can benefit from the breakout. I got caught up in one H4 pullback bar, but luckily, it didn't last long.
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  • #1,112
  • Aug 2, 2023 7:43am Aug 2, 2023 7:43am
Quoting Uru-trader
{quote} Same, I see little resistance till 0,8820, already at BE now ... {image}
Hi uru-trader, I've just noticed your chart has some kind of indicator at the bottom. Please remove it before you post. You can put it back afterwards but I challenge you to go fully naked .
  • #1,113
  • Aug 2, 2023 7:58am Aug 2, 2023 7:58am
Cheers bro. Love the simplicity of this system and it's on my favorite timeframe - 4hr.

Can make a lot of money being patient and keeping it simple.
  • #1,114
  • Aug 2, 2023 4:57pm Aug 2, 2023 4:57pm
Nice Gold move
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  • #1,115
  • Aug 3, 2023 3:23am Aug 3, 2023 3:23am
Quoting Walddo
Nice Gold move {image}
Indeed, and the ideal place to sell would have been just below the consolidation area I marked on your chart. I haven't checked the trend direction on the HTF, so I assume you did!
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  • #1,116
  • Edited 4:13am Aug 3, 2023 3:34am | Edited 4:13am
A general request to all who post charts here - please could you mention which instrument / currency pair it is, and also which timeframe, either in your text or on the chart itself.
  • #1,117
  • Aug 3, 2023 5:11am Aug 3, 2023 5:11am
I placed this NZDJPY trade earlier today and it caught the breakout nicely, although a pulback is currently underway. I'm hoping (expecting?) that the pullback bar will bump its head against the support / now resistance level and go back down again.

It just shows again that the simple routine we should follow is to wait for the MA crossover, confirm that the trend is in place (check the HTF), wait for some kind of consolidation to form and then place a stop order just below/above the consolidation. That's all we need to do, again and again. And of course be sure to go through the safety checklist I posted near the beginning of this thread. That is a must and an always.
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  • #1,118
  • Aug 3, 2023 5:49am Aug 3, 2023 5:49am
Quoting AlistairC
It just shows again that the simple routine we should follow is to wait for the MA crossover, confirm that the trend is in place (check the HTF), wait for some kind of consolidation to form and then place a stop order just below/above the consolidation. That's all we need to do, again and again. And of course be sure to go through the safety checklist I posted near the beginning of this thread. That is a must and an always. {image}
I have marked up this chart with the above routine. D1 is down. We could have entered below either of the two consolidations shown (maybe not the first one if the MA crossover had not yet happened). Both of them produced a breakout, the first one lasting 95 pips, the second 52 pips. This is perfect because it quickly gets us clear of the danger zone (above the entry level) and if you move to B/E at 50 pips, which I do, both trades would have been safe. Now we have a possible third consolidation forming.
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  • #1,119
  • Aug 3, 2023 8:33am Aug 3, 2023 8:33am
This possible EURUSD trade is very similar to the GBPUSD one I posted about yesterday. Price has broken below the daily trend line and on H4 our favourite chart pattern is forming. Now for the breakout? Can anyone see any problems with this trade?
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  • #1,120
  • Aug 3, 2023 10:55am Aug 3, 2023 10:55am
Quoting AlistairC
{quote} Indeed, and the ideal place to sell would have been just below the consolidation area I marked on your chart. I haven't checked the trend direction on the HTF, so I assume you did! {image}
For sure, so I actually entered at the dotted line just on that support line, still in the trade. I definitely chased a bit, but that's the furthest I'll chase. I def see the proper/prime entry is a bit further up on the bottom body of that last bull candle.

Sorry for not mentioning it's 4hr. I just assumed that was assumed lol.
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