Eagle Method MA Crossover System | Page 20 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

^eagle^'s trading method 53 replies

JCPFX's Crossover Method 12 replies

RSI Crossover Method EA Reqd 1 reply

backtesting crossover method 0 replies

Open/Close Crossover Method 179 replies

Attachments: Eagle Method MA Crossover System
Exit Attachments

Eagle Method MA Crossover System

  • #381
  • Jul 23, 2007 12:32pm Jul 23, 2007 12:32pm
Quoting Acko
Hi petrol
yes, cross occurring now. I'm in @249.65
dont forget to always check at least one time frame higher
Dave
Crossing occuring now? See below and if you can please post a Print Screen of your chart.
Attached Image (click to enlarge)
Click to Enlarge Name: crossing.jpg Size: 48 KB
  • #382
  • Jul 23, 2007 12:37pm Jul 23, 2007 12:37pm
I prefer to use EMA's, sorry.
  • #383
  • Jul 23, 2007 12:43pm Jul 23, 2007 12:43pm
I'm also concerned about approaching the big big round round number of 250.00 and the long tails of recent bars so have a very tight stop
  • #384
  • Jul 23, 2007 1:10pm Jul 23, 2007 1:10pm
OK. I changed the SMA into EMA. The lines touches each other but no cross. Did you consider that they WILL cross each other and WILL generate a BUY signal or they actualy crossed on your charts?

On the 2hour chart they do not meet at all

It is important to me...
  • #385
  • Jul 23, 2007 3:26pm Jul 23, 2007 3:26pm
Stopped out @ 52. The first post states smas, emas are just my preferences change back. Trade with the trend on the 4h chart, better than the 2.
Reason for entry was stochs turning up also RSI on 4H plus other things e.g., res turning to support around the 249 level. Obviously wasn't to be.
Hope this helps
Dave
  • #386
  • Jul 23, 2007 3:29pm Jul 23, 2007 3:29pm
What's your spread on GBP JPY ?
What other pairs do you people think this strategy is good for?
  • #387
  • Jul 23, 2007 5:09pm Jul 23, 2007 5:09pm
There was an excelent signal at around 19:00 GMT but I used 100EMA and 9EMA, 1 week chart, 30 minutes time frame.
The candle at the crossing was between [249.66, 249.49] and the price went down to 248.92.

So the results could be between [57 and 74] pips in the next hour and a half. Minus spread, of course.

The hours in the picture are GMT+1

Quite remarcably.

Did someone get this move?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy 23 jul.jpg Size: 67 KB
  • #388
  • Sep 2, 2007 10:32pm Sep 2, 2007 10:32pm
Quoting tbwss1234
Hi Guys.

I've been trading for quite a while mainly news. But i have been working on an extremely simple but powerful trading system, based on Crossovers here it goes...

Pairs
Any.. but i use the GBP/JPY

Time frame
30min-1hr

Indicators
9 SMA on close
100 SMA on close
Is SMA the Simple Moving Average or is it the Smoothed Moving Average?

Doing a visual backtest, this seems like potentially a very good system.
"Trading is a mental sport." - Ziad Masri
  • #389
  • Sep 2, 2007 10:44pm Sep 2, 2007 10:44pm
Quoting Quickdraw
Is SMA the Simple Moving Average or is it the Smoothed Moving Average?

Doing a visual backtest, this seems like potentially a very good system.
It is a simple moving average; but surely this 9/100 SMA cross system must have other parameters to it; moving average crosses are no good if used as an "always in" method, going long when cross up happens and short when cross down.

Does anyone know the rest of the system with this 9/100 SMA cross system?
  • #390
  • Sep 10, 2007 10:35am Sep 10, 2007 10:35am
Quoting Dreamliner
It is a simple moving average; but surely this 9/100 SMA cross system must have other parameters to it; moving average crosses are no good if used as an "always in" method, going long when cross up happens and short when cross down.

Does anyone know the rest of the system with this 9/100 SMA cross system?
Its pretty much just a MA crossover system. The timeframes for the averages used are designed to avoid <most> but not all whips. It provides easy entries, but exits are harder with this system, that's mostly what has been discussed.

I have seen esp. on higher TFs (daily and weekly) that this system is very effective. Personally, I have this combined with a 28 period Donchian channel which shows me when we are making higher highs and lower lows, and this helps me to exit long moves without waiting for the averages to recross. Of course, it also means I will sometimes get out too early.
Disregard all prognostications.
  • #391
  • Sep 10, 2007 10:53am Sep 10, 2007 10:53am
[quote=Pidgeon;1585307]

I have seen esp. on higher TFs (daily and weekly) that this system is very effective.

Hi Pidgeon.

When you trade the daily do you enter as soon as you get the cross or on the opening of the new candle ?
  • #392
  • Sep 10, 2007 5:45pm Sep 10, 2007 5:45pm
Can you attach the Donchian channel that you use, and also explain how you use it to exit?

thank you.

Quoting Pidgeon
Its pretty much just a MA crossover system. The timeframes for the averages used are designed to avoid <most> but not all whips. It provides easy entries, but exits are harder with this system, that's mostly what has been discussed.

I have seen esp. on higher TFs (daily and weekly) that this system is very effective. Personally, I have this combined with a 28 period Donchian channel which shows me when we are making higher highs and lower lows, and this helps me to exit long moves without waiting for the averages to recross. Of course, it also means I will sometimes get out too early.
  • #393
  • Sep 11, 2007 3:48pm Sep 11, 2007 3:48pm
Bundubill,

I wait for the open of the next daily candle. This means I enter most trades in the off hours, between the US session close and the next European session open. This makes it easy to go home and look at forex in the evenings (EST).

Dreamliner,

I'm leaving from work in a few minutes, but tomorrow I'll post a chart that shows how I exit using the Donchian channel. I actually got the indicator from this website, so I want to look up the link to it. It has nice entry indicators for trend following, but that's not how I use it.

Example without the charts...
I see a 9 / 100 MA cross. I look to see that its going in the general direction of the trend ( using weekly or monthly timeframe ). Then enter on next candle. For exits, I look at the donchian channel indicator to see that we are done making higher highs, and then look for a decent retrace away from the channel ( several day's worth not just one day ) and this provides a good exit signal. This will be before we get another cross of the MAs.

Keep in mind I'm only demoing this strategy for now but I plan to stick with it. I got the idea of using the donchian channel from reading "Trend Following" by Michael Covel. Excellent read btw.
Disregard all prognostications.
  • #394
  • Sep 11, 2007 5:54pm Sep 11, 2007 5:54pm
Quoting Pidgeon
Bundubill,

I wait for the open of the next daily candle. This means I enter most trades in the off hours, between the US session close and the next European session open. This makes it easy to go home and look at forex in the evenings (EST).

.
Thanks Pidgeon
  • #395
  • Sep 11, 2007 8:01pm Sep 11, 2007 8:01pm
Thanks, I look forward to seeing your charts!

Quoting Pidgeon
Bundubill,

I wait for the open of the next daily candle. This means I enter most trades in the off hours, between the US session close and the next European session open. This makes it easy to go home and look at forex in the evenings (EST).

Dreamliner,

I'm leaving from work in a few minutes, but tomorrow I'll post a chart that shows how I exit using the Donchian channel. I actually got the indicator from this website, so I want to look up the link to it. It has nice entry indicators for trend following, but that's not how I use it.

Example without the charts...
I see a 9 / 100 MA cross. I look to see that its going in the general direction of the trend ( using weekly or monthly timeframe ). Then enter on next candle. For exits, I look at the donchian channel indicator to see that we are done making higher highs, and then look for a decent retrace away from the channel ( several day's worth not just one day ) and this provides a good exit signal. This will be before we get another cross of the MAs.

Keep in mind I'm only demoing this strategy for now but I plan to stick with it. I got the idea of using the donchian channel from reading "Trend Following" by Michael Covel. Excellent read btw.
  • #396
  • Edited 1:50pm Sep 12, 2007 1:38pm | Edited 1:50pm
Here's my chart with explanations of what I'm looking for. I'll try to find the donchian channel metatrader link later...you could probably do a forum search and find it though.

EDIT: Ok, I found it, here's the page.... http://www.forexfactory.com/showthread.php?t=35346
I am using the second indicator, not the "general" one.
Attached Image (click to enlarge)
Click to Enlarge Name: donch_chart2.JPG Size: 91 KB
Disregard all prognostications.
  • #397
  • Sep 15, 2007 6:47am Sep 15, 2007 6:47am
When I look through history I cant really see any pattern with the RSV.
If you put an 100 RSI on and then buy or sell only when the 9 MA and 100 Cross and the RSI cross's the 50 level. If the RSI drops below the 50 mark Sell and rises above buy. I would say its good within about 5 or 6 bars prior or after you recieve the MA cross signal.

Ignore all other signals if the RSI hasnt recently crossed the 50 mark and it tends to avoid the false signals.

I havent practiced this yet will start on monday.

I cant see any good exit method yet maybe a 25 trailing stop.
  • #398
  • Sep 16, 2007 8:10am Sep 16, 2007 8:10am
Does anyone know how to create a simple EA that will buy and sell on every MA cross with a S/L of about 15 and a Trailing S/L of about 20?
  • #399
  • Jan 20, 2008 12:44pm Jan 20, 2008 12:44pm
wow! Why did THIS thread die? Stumbled upon it, and have found this to be a great system! I'm using it a lot, and can't see why the posting just stopped. Anyone left?
Within apparent chaos there is order for those who know how to look
  • #400
  • Jan 20, 2008 1:06pm Jan 20, 2008 1:06pm
Gfsound,

How exactly do you trade this method? I'm still here, but I think the method died because of not being able to select an acceptable stop loss method.
0 traders viewing now