Sick of all the MA crossover systems

One more system based on a ma crossover and i'm gonna pug.
They don't work! They suck in ranging markets and since most of the time (70%) forex market is in a range that's a big disadvantage.

What happened to simple Trendline,Support/Ressistance, Pivot Points and Fibonacci? If you wouldn't be so caught up trying to find the magic system you would understand that all you need to be succesfull is the above mentioned. And yes you must watch the market and follow the news. There's no easy way to get rich overnight. I don't believe in mechanical systems.

I don't have a perfect strategy i just look for confluences of fibonacci retracements with pivot points,support/resistance or trendlines and trade with the prevailing trend.

I allways enter trades with at least 1/2.5 risk reward ratio. I also watch for candlestick patterns. This is all i use and it's enough to be succesfull.
Master these and you'll see the results soon.

And the best thing is that my charts look very clean and i can see the big picture.

For some confirmation of what you do, if you want some, you may enjoy checking out Jacko's thread.

thanks, i've searched and found his thread and it's very interesting. I also found james16's thread very usefull.

You have taken the first step to success, MA (and indicators in general) = useless.

You guys should go and see what WTB has to say
about this mA cross over topic you are discussing in here

-------------------------------------------------------

The moderators hin this forum love this guy

Heres the link, See Post # 1454 by WTB

http://forexfactory.com/showthread.php?t=29394&page=97


See these videos -

I suppose it is useless for you, Craig ?

I find moving averages to be nice indicators. Just don't add too much spice on them and they work great

In my opinion they are useless, give me hard evidence that they give any edge at all and I'll change my mind.

I believe I don't have any privilege to give you some serious explanations on why do MA's work because of your hard belief they don't.

It's a matter of preference, and if You like pure PriceAction, I have absolutely zero objection to it

While some things work for others, it might not work for me, and vice versa.
I'm just trying to think outside the box as much as possible...

Craig,

I strongly recommend you to read a book by Dr. Alexander Elder, it's called "Entries and Exits".

And if you already done so (and I believe you did, because you stand firmly telling the price action is everything one needs to be succesfully) I say "Congratulations", because you are probably making consistent profits over the past 3 years or more

Now, I'm sorry I brought the "MA's are good" thing, cause that wouldn't change anything about your trading style, would it?

Happy trading, and best of trades to you mate

Every cross system I have seen has only worked when the user of the system makes subjective judgments around the signal (based on support etc), if you just take the crosses mechanically things don't work out so good. In saying this I'm not trying to tell anybody what will or will not work for them, that is their prerogative, not mine.

I had a look at some results people were getting with the 'fozzie' system EA & the results seemed mixed, some people had done well for a while then not so good, as with all of these types of systems, it works good in trends but then you get hammered when the market starts to chop. I apologize if I missed something on that one, I wasn't following it very closely.

At best 'cross signals' and price action only give feel good entries into trends, the rest is in the lap of the gods. My personal belief is that there is actually no edge to be had in entries at all, only money management and exits really affect outcomes. Anybody who has done any MQL expert programming for any time will no that it doesn't really make a blind bit of difference if you go with the trend or not, the forex market is simply to chaotic.

I'd like to state again, these are my <b>opinions!</b>

Craig, I will not argue. But please, say "in your opinion" from the start. Just because you do not like something does not mean they are useless, that goes for indicators as well. I use W%R and a couple MAs.

Contest thread: http://www.forexfactory.com/showthread.php?t=13391

Contest results: http://www.forexfactory.com/showpost...&postcount=131

Both myself and Aicccia ran away with the contest, Aicccia obviously owned everyone. I wont speak for Aicccia, though he does use MAs and I do as well. Is there discretion, of course! Do we trade just on a crossover, no. But MAs certainly help me and from viewing Aicccias method, they help him as well.

Good you say that in YOUR opinion they are useless, will be sad if a new person have the mindset to trade MA's and then skip it because somebody else said it does not work. If you've missed the evidence in some threads up to now I'm afraid there is not much more anybody can show you.

Damn this thread is hot
Gotta subscribe to it


*subscribes*

I guess I should clarify this a bit, I'm talking from a purely mechanical predicative point of view, I know some people make money using indicators, but if you read my last post I explain why I think this is. I'm always amazed how much heat this sort of thing generates. If it was it easy as slapping on a few MA's and an oscillator then we would all be rich, which quote obviously by virtue of the fact we are debating this on an Internet forum, we are not. I would contend that this forum is overwhelming evidence that mechanical systems based on basic indicators just don't work.

I think that the so called "systems" based on crossovers
are pretty much worthless since they seem to just "average
themselves out" over time. There's no real logic, that I can
see, behind saying that the X on a price/time chart where
two price average plots cross has any valid meaning.

But, that's just if you "use" the numbers like that.

How about a short average of closing prices oscillating
against a longer average of closing prices. Right away
(to me anyway) the MA's start to become tools applied
to the job at hand - following the price movement.

How about the MA's that change colors with direction?
They just change their stripes based on opening prices
vs. closing prices of a given period. Makes sense to me.
Crossovers don't make any sense to me.

But, hey, I'm a newbie trading demos! Someone who
has used crossovers successfully (longer than a month
or so) should jump in here. That's it for me on this subject.


FXS

Moving average crossovers suck!

Best quote ever!

I'm glad i started this thread.
To all those who love ma crossover systems:

Do you think banks and large hedge funds trade when ema 5 crosses ema 10?

Well, I almost agree with the post written above...
I do know that there are traders that think there is a purely mechanical system that can bring consistent profits over large periods of time. Nevertheless I believe such system exists, however, I'm a discretional trader because of the only one reason, it's because I like it that way.

I guess everyone has a particular trading style they like, and that's without a doubt not a bad thing at all.

Anyway, Craig, I guess we're almost on the same boat

Yes! It's the reason the crossovers really can't "work":
Fixed crossovers against an ever changing market!

Okay, that's really it from me now!


FXS