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MA Crossover System that works for me

  • #1,341
  • Oct 24, 2023 10:30am Oct 24, 2023 10:30am
Quoting AlistairC
This USDCAD trade just triggered. {image}
This trade gave me a hard time - pulled back and it took ages before it recovered. Have a look at the daily time frame. If I had been relying only on H4 I would have been more concerned and might even have closed this manually as it didn't look too promising, but D1 looks perfect, no reason to worry about a bit of a pullback. So I left it running.
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  • #1,342
  • Oct 25, 2023 5:12am Oct 25, 2023 5:12am
Another one
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  • #1,343
  • Oct 25, 2023 5:20am Oct 25, 2023 5:20am
Quoting walvekarraje
Another one {image}
My USDCAD trade has just reached its target at 1.3781 for a 60 pip profit. Good luck with yours!
  • #1,344
  • Oct 25, 2023 5:26am Oct 25, 2023 5:26am
I entered this GBPCHF trade yesterday. It dropped nicely but has now gone into consolidation mode. Hopefully not for too long and hopefully it will explode out of that soon and reach the target
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  • #1,345
  • Oct 25, 2023 11:19pm Oct 25, 2023 11:19pm
Quoting AlistairC
{quote} My USDCAD trade has just reached its target at 1.3781 for a 60 pip profit. Good luck with yours!
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TP1 reached . booked profit for 1 lot. two more lots in profit. trailing SL for both and TP2 for one.
2 more trades in profit.
  • #1,346
  • Oct 25, 2023 11:49pm Oct 25, 2023 11:49pm
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  • #1,347
  • Oct 26, 2023 2:52am Oct 26, 2023 2:52am
I have had a good last two days so far - 3 winners, one closed manually for a small profit and no losers. I have just checked gains since 1 September - account balance increased by 16%. That's mainly using the 3x3 method or variations of that.

This GBPCHF trade has been moving very slowly, no hoped-for breakout from that consolidation yet.
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  • #1,348
  • Oct 26, 2023 8:53am Oct 26, 2023 8:53am
Quoting AlistairC
I have had a good last two days so far - 3 winners, one closed manually for a small profit and no losers. I have just checked gains since 1 September - account balance increased by 16%. That's mainly using the 3x3 method or variations of that. This GBPCHF trade has been moving very slowly, no hoped-for breakout from that consolidation yet. {image}
Closed manually for a small profit.
  • #1,349
  • Oct 29, 2023 9:52am Oct 29, 2023 9:52am
This EURJPY trade keeps giving me a hard time. As shown in the blue square on the daily chart, I entered the trade after a pullback in an uptrend, aiming to sell just before touching 160. The price pushed higher and the trade was triggered, but it fell back the next day without the TP being reached. As seen on the 4h chart, the price since then has been ranging, and seemed to finally break out earlier this week, but once again not reaching TP and falling down once more. The advantage of this type of trade is that you get recompensated for waiting, thanks to the swap rate, equalling 1 pip each day. As this has now been going on for +2 months, the swap rate already equals more than 70 pips, giving an extra margin for SL. The uptrend still seems valid, evaluating the trade itself I would say that I probably entrred at a bad level (158,5), although I did not recognise this as a support/resistance level, so I wonder where I got it wrong? For now, I will hold on to the trade, USDJPY managed to get above 150 this week without Japan intervening, so my 'hope' is that the current dip might be the last one before we shoot higher. As always, any take on this from more experienced traders is more than welcome
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  • #1,350
  • Oct 29, 2023 11:52am Oct 29, 2023 11:52am
Quoting Uru-trader
This EURJPY trade keeps giving me a hard time. As shown in the blue square on the daily chart, I entered the trade after a pullback in an uptrend, aiming to sell just before touching 160. The price pushed higher and the trade was triggered, but it fell back the next day without the TP being reached. As seen on the 4h chart, the price since then has been ranging, and seemed to finally break out earlier this week, but once again not reaching TP and falling down once more. The advantage of this type of trade is that you get recompensated for waiting,...
I don't have much experience with long-term trades; I try to be in and out the same day or in 2, max 3 days.

However, what I notice on the higher TFs is that they appear to be overbought, as do many of the JPY pairs. Price might well continue up, but my instinct (honed on intra-day trades) is to get out while the going is good.

For the sake of the exercise, go and look at the spaces between the 3 EMAs, even measure the pip distances and compare the current values with what you see in recent chart history. You might find that this pip distance is greater now on W1 and MN1 than on most other "stretched" occasions. And on most such occasions a big pullback is usually the result. On the other hand, it is known that the probability of a trend continuing is greater than the probability of it reversing. On the daily chart the price bars are getting closer and closer to the 100 EMA. Often this is a sign that price is getting ready to drop into and even below the EMAs.

Another useful exercise is to look at all the JPY pairs and then all the EUR pairs. What do they seem to be doing long-term?

But I'm really not sure what your best course of action should be. I can only speak for myself.
  • #1,351
  • Edited 5:55am Oct 31, 2023 12:28am | Edited 5:55am
Throughout all of yesterday I received only 1 signal from the EA, EURGBP, and I decided against taking it. And that was with the EA set for 3x3, 2x3 and 3x2 variations. And so far the same today. I'm wondering if the long trends we have seen on many pairs recently are beginning to turn.
  • #1,352
  • Oct 31, 2023 5:57am Oct 31, 2023 5:57am
Quoting AlistairC
{quote} I don't have much experience with long-term trades; I try to be in and out the same day or in 2, max 3 days. However, what I notice on the higher TFs is that they appear to be overbought, as do many of the JPY pairs. Price might well continue up, but my instinct (honed on intra-day trades) is to get out while the going is good. For the sake of the exercise, go and look at the spaces between the 3 EMAs, even measure the pip distances and compare the current values with what you see in recent chart history. You might find that this pip distance...
I hope I didn't persuade you to get out of your long-term trade. EURJPY has taken off!
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  • #1,353
  • Oct 31, 2023 9:50am Oct 31, 2023 9:50am
Quoting AlistairC
{quote} I hope I didn't persuade you to get out of your long-term trade. EURJPY has taken off! {image}
No, I dedcided to hold on to the position: target reached and half of my position sold at 159,98, I will now put my SL for the other half to BE and let it run ...
  • #1,354
  • Oct 31, 2023 10:50am Oct 31, 2023 10:50am
Quoting Uru-trader
{quote} No, I dedcided to hold on to the position: target reached and half of my position sold at 159,98, I will now put my SL for the other half to BE and let it run ...
Well done, I'll stick to day trading!
  • #1,355
  • Oct 31, 2023 1:55pm Oct 31, 2023 1:55pm
Quoting AlistairC
This is copied from an earlier post. I use it for almost every trade. Very useful to manage lot size. ========================================================================== I use an App to place trades because it calculates the correct lot size for me automatically. It's better that you download it yourself so that you get the correct files. Place all of those files directly into the MQL4 folder https://www.earnforex.com/metatrader...ick-trade-pro/ This is...
What's your settings for this can you share with me ? it's not showing recommended lot size on me
  • #1,356
  • Nov 1, 2023 4:36am Nov 1, 2023 4:36am
EURJPY 1 hour looks good till now
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  • #1,357
  • Nov 1, 2023 6:36am Nov 1, 2023 6:36am
Quoting kadak
{quote} What's your settings for this can you share with me ? it's not showing recommended lot size on me
It will give the lot size after you enter your SL value. It needs it in points, not pips. So if your SL is 50, enter 500
  • #1,358
  • Nov 1, 2023 7:12am Nov 1, 2023 7:12am
Now in GBPAUD it's broke trend in 4HR and give the crossover sifnal in 1 HR after candle close. Let's see how it will be
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  • #1,359
  • Nov 1, 2023 7:28am Nov 1, 2023 7:28am
Is the strategy still going on as indicated in the first many pages (have read the first 10 pages) or has it been modified?

If so, is there an updated post with a recap of the strategy somewhere?
  • #1,360
  • Nov 1, 2023 7:59am Nov 1, 2023 7:59am
Quoting kadak
Now in GBPAUD it's broke trend in 4HR and give the crossover sifnal in 1 HR after candle close. Let's see how it will be {image} {image}
TP hit but i was closed early after the news..
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