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MA Crossover System that works for me

  • #1,301
  • Oct 12, 2023 10:04am Oct 12, 2023 10:04am
Quoting walvekarraje
{image} trailing SL (all 3 lots) to high of apb bull candle (dotted red vertical line)........targets for new 2 lots in place.. trading in profit even if my trailing SL is hit..... no risk trade

Hi walvekarraje,
Is that 100EMA, 21EMA and 8EMA that you are using in your chart?
  • #1,302
  • Oct 12, 2023 10:18am Oct 12, 2023 10:18am
Quoting Uru-trader
I am watching these 2 AUD pairs which both give a bearish crossing on the AUD. On the EUR/AUD pair all 3 EMA are close to each other which could be a good starting point for a longer trade, the AUD/CHF pair also has all 3 EMA close to each other and this pair tends to show longer trends in 1 direction, so also might be a decent starting point. I would just trade one of both, I would think the CHF one might be the better choice. Any take on this? {image} {image}
So far, so good ...
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  • #1,303
  • Oct 13, 2023 5:43am Oct 13, 2023 5:43am
Quoting kedridder
{quote} Hi walvekarraje, Is that 100EMA, 21EMA and 8EMA that you are using in your chart?
Yes. Ma in color indicator
  • #1,304
  • Oct 13, 2023 9:30am Oct 13, 2023 9:30am
Quoting walvekarraje
{quote} Yes. Ma in color indicator
Thanks!
  • #1,305
  • Oct 13, 2023 9:46am Oct 13, 2023 9:46am
Quoting Uru-trader
{quote} So far, so good ... {image}
As AUDCHF gives a negative swap rate, it is not interesting for very long trades. I was able to close this one with a 60 pip profit.
Adding to this thread: as a 'young' trader, I notice that my main losses have almost always been caused by too tight stoplosses.
When you learn to trade, it is always teached that your TP should preferable be twice your SL.
Of course, it's hard to find obvious trades with decent high TP.
So when your potential TP is eg 100 pips, you should have a SL of no more than 50 pips, this is bound to generate many stopouts.
Would an additional condition to enter a trade not better be to have a SL of at least 1 ADR?
  • #1,306
  • Oct 13, 2023 10:55am Oct 13, 2023 10:55am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB

emas 20-50-100 in h1 picture demo but watching it to enter long in real
Trends have a higher probability of continuing than not.
  • #1,307
  • Oct 16, 2023 8:08am Oct 16, 2023 8:08am
Does anyone have same issue with MA Crossover Alert indicator which AlistairC shared
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  • #1,308
  • Oct 16, 2023 8:59am Oct 16, 2023 8:59am
Nice trade today. almost reaching 1st TP.
Will book 2 lots and shift SL to BE for remaining 2 lots, when target is reached.
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  • #1,309
  • Oct 16, 2023 9:54am Oct 16, 2023 9:54am
Quoting walvekarraje
Nice trade today. almost reaching 1st TP. Will book 2 lots and shift SL to BE for remaining 2 lots, when target is reached.{image}
That's interesting - I am in almost the exact same trade (entry level 109.60). And price moved smoothly up to ~109.98, which is right where your target is, and then pulled back down again. So the first burst happened and now price is taking a breather, gaining strength for the next burst. My target is higher up, based on chart structure, so I now have to endure the pullback and hope it recovers and continues, while you have the pleasure of green pips in your account!

So the main difference here is where our targets are - you seem to take profit fairly quickly - and thereby get out before the first burst fades. That's a good approach. Did you place your target by using a fibo level?
  • #1,310
  • Oct 16, 2023 9:57am Oct 16, 2023 9:57am
Quoting kadak
Does anyone have same issue with MA Crossover Alert indicator which AlistairC shared {image}
Most likely it is that the EMA settings in the arrow indicator are not the same as the EMAs on your chart. Check both and make them the same. Hope this helps!
  • #1,311
  • Oct 16, 2023 10:17am Oct 16, 2023 10:17am
Quoting AlistairC
{quote} Most likely it is that the EMA settings in the arrow indicator are not the same as the EMAs on your chart. Check both and make them the same. Hope this helps!
When i change fast moving average shift to 0 from -1 it's looks normal now
  • #1,312
  • Oct 16, 2023 10:33am Oct 16, 2023 10:33am
Quoting AlistairC
{quote} That's interesting - I am in almost the exact same trade (entry level 109.60). And price moved smoothly up to ~109.98, which is right where your target is, and then pulled back down again. So the first burst happened and now price is taking a breather, gaining strength for the next burst. My target is higher up, based on chart structure, so I now have to endure the pullback and hope it recovers and continues, while you have the pleasure of green pips in your account! So the main difference here is where our targets are - you seem to take...
nice result, but a SL of barely 12 pips seems bound to generate many quick stop outs?
  • #1,313
  • Oct 16, 2023 10:59am Oct 16, 2023 10:59am
Looks promising
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  • #1,314
  • Oct 16, 2023 1:27pm Oct 16, 2023 1:27pm
Quoting kadak
Looks promising {image}
Hi kadak I'm not sure what system or method you are using, but all of the higher TFs show a bullish bias based on the 3 EMAs aligned approach (I use 8/21/100 EMAs). It's true that H1 has now turned down and H4 looks like it might follow suit, which could mean that a reversal overall is underway, but then it might not. The daily, shown below, is very clearly moving up. So while things might work out for a short trade, the odds are stacked against it at present.
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  • #1,315
  • Oct 16, 2023 4:23pm Oct 16, 2023 4:23pm
Quoting AlistairC
{quote} Hi kadak I'm not sure what system or method you are using, but all of the higher TFs show a bullish bias based on the 3 EMAs aligned approach (I use 8/21/100 EMAs). It's true that H1 has now turned down and H4 looks like it might follow suit, which could mean that a reversal overall is underway, but then it might not. The daily, shown below, is very clearly moving up. So while things might work out for a short trade, the odds are stacked against it at present. {image}
I'm just using MQLTA Ma Crossover Alert indicator which you were share it and my EMA's are 8 and 21 and i look only h4 chart i think i need to read all thread again looks like something missing. can you share with me your current template and indicators please
  • #1,316
  • Oct 17, 2023 1:39am Oct 17, 2023 1:39am
Quoting kadak
{quote} I'm just using MQLTA Ma Crossover Alert indicator which you were share it and my EMA's are 8 and 21 and i look only h4 chart i think i need to read all thread again looks like something missing. can you share with me your current template and indicators please
I have attached the crossover indicator that I use and also the OGT trend dashboard. I think it's better if you spend time playing with this because it has a lot of options and once you get to know them you will find it very useful. Just remember that this is just a dashboard - once it shows what you set it for, perhaps 3 EMAs aligned across 3 TFs (the 3x3 method) it is not a signal to trade. you must then go and check out the charts and make your own decision.
Attached File(s)
File Type: mq4 2MA_Crossover with alert.mq4   16 KB | 368 downloads
File Type: ex4 OGT Trend Dashboard v1.2.ex4   61 KB | 387 downloads
  • #1,317
  • Oct 17, 2023 3:32am Oct 17, 2023 3:32am
Here are some ways you can use the OGT trend dashboard

One way is to set it to show all pairs that are actually trending (and you can ask for trending on 2, 3 or more TFs). This one is the 3x3 method - 3 EMAs trending on 3 TFs
Attached Image (click to enlarge)
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Another is to show trend status across all charts. It seems it is set to display 25 lines. My last one (EURJPY) is outside the border but it is still visible.
Attached Image (click to enlarge)
Click to Enlarge Name: OGT dashboard all.png Size: 3 KB


Finally, you can ask it to display for the current chart only
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  • #1,318
  • Edited 5:58am Oct 17, 2023 5:39am | Edited 5:58am
Quoting AlistairC
{quote} That's interesting - I am in almost the exact same trade (entry level 109.60).
What just happened . Stopped out very suddenly on this CADJPY trade.

Here it is on M15 to show how quickly it happened. And now it's almost back to where it was. Does anyone else have this spike on their charts? It's actually on all of my yen pairs. Some bad news from Japan?
Attached Image (click to enlarge)
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  • #1,319
  • Oct 17, 2023 6:28am Oct 17, 2023 6:28am
Quoting AlistairC
{quote} I have attached the crossover indicator that I use and also the OGT trend dashboard. I think it's better if you spend time playing with this because it has a lot of options and once you get to know them you will find it very useful. Just remember that this is just a dashboard - once it shows what you set it for, perhaps 3 EMAs aligned across 3 TFs (the 3x3 method) it is not a signal to trade. you must then go and check out the charts and make your own decision. {file} {file}
Thank you so much now i'm gonna set it and start to playing with it
  • #1,320
  • Oct 17, 2023 6:42am Oct 17, 2023 6:42am
Quoting AlistairC
Here are some ways you can use the OGT trend dashboard One way is to set it to show all pairs that are actually trending (and you can ask for trending on 2, 3 or more TFs). This one is the 3x3 method - 3 EMAs trending on 3 TFs {image} Another is to show trend status across all charts. It seems it is set to display 25 lines. My last one (EURJPY) is outside the border but it is still visible. {image} Finally, you can ask it to display for the current chart only {image}
Right now my chart looks like this i have 3 EMA's 8/21/100 and i set OGT Dashboard
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Click to Enlarge Name: screenshot.png Size: 20 KB
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