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Attachments: Simple 5 / 8 moving average crossover
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Simple 5 / 8 moving average crossover

Quoting johnedoe
Hi Peter........
Thanks for starting this thread, I also have been using a simple MA strategy for quite a while now, I posted the following link in another thread, it basicly sums up my approach to this..... http://www.forexfactory.com/showpost...3&postcount=81

The buety of this simple approach is it can be used in ANY tme frame by simly adjusting the TPs & SLs to the time frame.....shorter TF tighter TP & SL so in this way even a rangeing market can be traded.
thanks for the post.. Maybe shorter time frames would be a better option when the daily charts are ranging, I will have to look into that.
Quoting peterM
thanks for the post.. Maybe shorter time frames would be a better option when the daily charts are ranging, I will have to look into that.
OK.... let me know what you come up with.
Same Whore .... Different Dress
I am thinking with this strategy, whilst it has given me some very good signals, and I done well with it for a few months now, with some consistency. I have been stopped out quite a few times. I am thinking it may be better to open half the position as I am currently am doing and perhaps the other half at a support area. The second position running the risk of not being triggered, but also a much more favorable R/R.
Thanks Guys/Gals

great thread.

what is JMA? Oxig

cheers
tasse

Quoting OxiG
Is there any indicator that show JMA crossover signal??...I think using JMA is better than EMA

Profit 30 Pips yesterday on EU.
Quoting tasse
Thanks Guys/Gals

great thread.

what is JMA? Oxig

cheers
tasse
I found this site explaining it.. http://www.jurikres.com/catalog/ms_ama.htm
I like this simple system
What if you add the 4 hour 5/8 for buy & sell signs
use the day for trend.


TEB
I picked up 25 pips this morning using the 1 hour chart on the eur/usd with the right signals...I got a signal on the 1 hour to go short now... So far this system seems to be working great for me...Thanks again peter... Hope everything is going good for you too..What currency do you trade the most on?

Talk later
Slkosier
Quoting TEB63
I like this simple system
What if you add the 4 hour 5/8 for buy & sell signs
use the day for trend.


TEB
I have been doing something like that with the 1 hour chart and looking back at the 1 day to confirm and seems to be working...
I like this System I added the 4 hour 5/8 cross

I am up 30 on the cable,
25on the E/U
28 on the Aud/Usd
all closed

I am up 12 on the Cad
7 on the Eur/Chf
both still open

Good system I like it

TEB
Right now the Eur & the Cable on the Day & $ hour ore up
& they just crossed on the 30 mins up
so I am in @ Eur ar 1.3794
& the cable @ 2.0269
Lets see how it goes

Nice system
bye been fun

TEB
Quoting TEB63
I like this simple system
What if you add the 4 hour 5/8 for buy & sell signs
use the day for trend.


TEB
Not tried it with the 4 hour charts, have you? If so, how is it going ?
Quoting peterM
Not tried it with the 4 hour charts, have you? If so, how is it going ?

I am up again 24 &31 on the e/u cable

TEB
Quoting TEB63
I am up again 24 &31 on the e/u cable

TEB
congrats TEB....
i can not trade on london open... want to see an opportunity on us open now...

happy trading...

regards,
"Live is for living not for working"
Took another 20 pips on the Eur/Usd this morning.. Making 45 pips so far this week.. Good going Teb63...Let us know how it is working for you....
Quoting TEB63
I am up again 24 &31 on the e/u cable

TEB
Thats great.. well done.. Keep us posted :-)
nzd/usd showing a buy signal on the daily chart.
Peter

How long have you rode a trade out on the daily signals (average)?
Figured I'd try this out.

I put up 5 orders with this system on the 1 hr charts, buying/selling according to the signals. Lost about 20 pips on each right now so far...with no signal change yet.

I'm losing on every single one of them...so I don't know what I did wrong...or it was just bad timing....lol.

Only using penny lots just to test it. Might have to move to daily.

I'm using Bonzai's Indicators on page 1.
Quoting peterM
Thanks for the post.. That does sound very interesting. Do you get many signals that way?
Hi Peter,

Sorry for taking so long to get back but I've been away for a while.

What I was meaning by letting the price retrace back to the 5ma was this:

You get the usual cross, in your case the 5 crossing the 8, but sometimes the bar (or candle) that caused the cross has closed a long way from the 5ma due to a large price movement. If you go back over your charts you will find that after such a move the price will most often retrace back to the 5ma (or near to it) before turning back into the intended direction. If you wait for the retrace before entering you will potentially turn a losing trade into a winning one.

Hope this helps

Mike
Quoting saint_berzer
Figured I'd try this out.

I put up 5 orders with this system on the 1 hr charts, buying/selling according to the signals. Lost about 20 pips on each right now so far...with no signal change yet.

I'm losing on every single one of them...so I don't know what I did wrong...or it was just bad timing....lol.

Only using penny lots just to test it. Might have to move to daily.

I'm using Bonzai's Indicators on page 1.
Hi Saint Berzer,

Perhaps what I just wrote about the retrace may have helped those trades.

Also on the smaller time frames the price can turn back on you rather quickly.

Try it on the daily chart and close the trade in profit a few hours later if you don't want to be in the market too long.

Mike
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