Disliked{quote} Start here - https://www.forexfactory.com/thread/...indicatoralert Something here - https://www.forexfactory.com/thread/...8#post14031978 Hope that helps, good luckIgnored
Thanks.
Interesting GBP/USD MA Crossover system 178 replies
If it works, it works... 3 replies
Need help with MA crossover system 15 replies
A "different" crossover system - 600 pips on Friday alone in EUR and GBP 48 replies
Scalping with crossover system 0 replies
Disliked{quote} Start here - https://www.forexfactory.com/thread/...indicatoralert Something here - https://www.forexfactory.com/thread/...8#post14031978 Hope that helps, good luckIgnored
DislikedI came across this MA crossover strategy that traders here might find interesting. It uses 4 EMAs that are based on the Fibonacci numbers 5, 8, 13 and 21. Enjoy. https://blog.roboforex.com/blog/2023...end%20analysis.Ignored
Disliked{quote} What information can these four MAs give you that you cannot get from 5 and 21 alone? To my mind the only reason for using a 2nd or even 3rd MA must be to emulate higher TFs.Ignored
Disliked{quote}Guppy's multi-MA setup? He uses something like 12 EMAs split into a short-term group and a long-term group.Ignored
DislikedThat 1.1000 level on GBPCHF seems to be really strong. But if price does break below it this time it could be a big move. {image}Ignored
Disliked{quote} Reading the comments on CHF it might break upwards ... "SNB unlikely to hike rates further this year While recent Franc gains have not been as extreme as back in early 2015, we do believe that the strength of the CHF is currently overshooting somewhat and expect it to correct lower in the coming months. The Swiss Franc has been benefitting from the relatively hawkish policy stance of the SNB who have actively been encouraging a stronger CHF to dampen upside risks to their inflation outlook. With inflation likely to slow further below the...Ignored
DislikedThat 1.1000 level on GBPCHF seems to be really strong. But if price does break below it this time it could be a big move. {image}Ignored
Disliked{quote} Hi Alistair. I’ve enjoyed reading this thread and will trial this out for myself this week. I have 2 questions: - how do you decide how many pull back candles you see before entering at the til of a pull back candle? I’ve read this in your first few notes, but it’s not clear to me, as sometimes there are 2 pull back candles and other times there are more? - secondly, do you have an alert system that can alert when the 2 EMA’s cross? Apologies if this is within the thread already and I’ve missed it. Thank you.Ignored
Disliked{quote} How many pullback candles is a bit difficult because we don't know if it will be just two or more or even a full reversal. So I use a stop order and try to keep it out of reach until the pullback has ended. Another approach is to wait until the next candle breaks above (in a bullish trend) above one or more of the pullback candles, usually it should be above / outside of the EMAs. I have attached the crossover with alerts indicator you need. There are lots like this on the internet. Let me know if it doesn't work. {file}Ignored
Disliked{quote} Thanks Alistair. I've placed the indicator in my Indicators folder and loaded the indicator. (Do i need to place it anywhere else?) I'll see if it does sound the signals when there's a cross. Thank you.Ignored
DislikedLast week was not one of my better weeks ... Hopefully this breakout on USDCHF will cheer me up. I placed the entry at the top of the marked consolidation area. Now I have to hope it also breaks though the local resistance and after that, I'm in it for the long haul (150 pips). {image}Ignored
Disliked{quote} It went up very nicely to about 55 pips and then dropped right back and got stopped out at B/E.Ignored
Disliked{quote} The obvious reason for this: on D1 USDCHF is in a downtrend (lower lows and lower highs). Price was rejected when retracement reached resistance (the last LL). So you could have identified where this point is (around 0.8823) to take profit (or partial profit - instead of being stopped out). As your approach is a trend following one, trading against the predominant trend can be - if permitted within your system - problematic. {image}Ignored
Disliked{quote} Also, the weekly shows very clearly that this is not a buy. {image} {image}Ignored
Disliked{quote} Well, according to your MA-bias it was. Possible solutions: a) modify the MAs (to emulate higher TF/reference TF) b) modify profit taking (i. e. retracement running into resistance)Ignored