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Simple 5 / 8 moving average crossover

  • #61
  • Sep 12, 2007 4:39am Sep 12, 2007 4:39am
Hi All

I can vouch for MA crosses, its been working great for me for the last 6 months, the only problem, because they lag, is the smaller TF. I personally do not use them on anything smaller that 4hr's.

If you want to trade smaller TF, use a third MA, in this case something like the 13MA and only trade in the direction of the "trend".

I personally use EMA's

Happy trading to all
  • #62
  • Sep 12, 2007 5:06am Sep 12, 2007 5:06am
Glad to hear you are doing well with it too. I also use EMAs. I only use them on daily timeframes and like you say they do lag a bit. EMAs are better than SMAs though in my experience. Though no strategy is perfect, if there was no lag it would be holy grail and that does not exist but I definately think we have a strategy that can give us an edge in the longer term which is what I am always looking to do.
  • #63
  • Sep 12, 2007 6:15am Sep 12, 2007 6:15am
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.

One hour is way way to short for this type of system
also you will not be right every time!!

TEB
  • #64
  • Sep 12, 2007 9:14am Sep 12, 2007 9:14am
My NZD/USD long has just gone nicely into profit +45 pips at the moment, it was a nice 5/8 cross.. I moved the stop to break even now so it is risk free. Theres a 23.6 fib around 0.7120. Big NZD news later retail sales and rate decision, lets see how that affects things..
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  • #65
  • Sep 12, 2007 10:38am Sep 12, 2007 10:38am
Moving averages are powerful tools but IMHO they are not enough alone. I would use an oscillator like MACD or RSI or Stochastics with it and add to the toolset trendlines, support resistance, fibo levels and pivot points for starters. Plus use MM. Things like if I have such profit I move to breakeven. I use multiple SLs, targets and so on... That would be more or less the complete picture. Oh yes. and a lot of "screentime" just to get feelings about price action/behoviour.
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  • #66
  • Sep 12, 2007 10:41am Sep 12, 2007 10:41am
Maybe candlestick patterns like dojis and so on.
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  • #67
  • Sep 12, 2007 10:43am Sep 12, 2007 10:43am
Quoting Fx1618
Hi All

I can vouch for MA crosses, its been working great for me for the last 6 months, the only problem, because they lag, is the smaller TF. I personally do not use them on anything smaller that 4hr's.

If you want to trade smaller TF, use a third MA, in this case something like the 13MA and only trade in the direction of the "trend".

I personally use EMA's

Happy trading to all
long trends rocks.
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  • #68
  • Sep 12, 2007 5:34pm Sep 12, 2007 5:34pm
I have been doing good with the 1 hour charts.. Made another 45pips today.. I have also been using the MACD, RSI, and the Stochastic with it to help confirm.. I have got used to the system that way since I only have a short amount of time to be in front of the computer.. It is good for shorter trends.. But I think I am going to try the 1day chart like you all are using and just wait for the right time to get in to go for the longer trends... I love this system alot.. Works great....


See ya all later
  • #69
  • Sep 12, 2007 5:36pm Sep 12, 2007 5:36pm
Does anyone think the NZD will go higher than it is at now? Still has the cross
  • #70
  • Sep 13, 2007 12:38am Sep 13, 2007 12:38am
Quoting Slkosier
Does anyone think the NZD will go higher than it is at now? Still has the cross
Hi Slkosier, this is just my Opinion, but with this MA x Systems, Choose your TF and rather wait for a new cross or look at another Currency, than to jump in a trade after a cross has been established for a while.

Then again, with Oscillators you could probable confirm the trend and join if you want.

In This case with the NZDUSD on the dailies, take an RSI14, if that cross the 50 line, then yes, you might have a LONG, and same goes for NZDJPY Dailies. On both the Dailies are up and Weeklies are down, So If I were not in at the beginning then I'll rather stick with Option one above.

The Dailies does not take a long time to Analise with this method and there are plenty currencies to observer and take you pips for the day.
  • #71
  • Sep 13, 2007 3:34am Sep 13, 2007 3:34am
FX1618

Thank you for the info... I am going to try the 1 day charts now... My platform only goes up to 1 day.. I don't have a 1 week chart.. I should look for a demo that has one...Thanks again
  • #72
  • Sep 13, 2007 5:08am Sep 13, 2007 5:08am
Quoting Slkosier
FX1618

Thank you for the info... I am going to try the 1 day charts now... My platform only goes up to 1 day.. I don't have a 1 week chart.. I should look for a demo that has one...Thanks again
I am long if you would lik eto know with target 0.7242
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  • #73
  • Sep 13, 2007 10:32am Sep 13, 2007 10:32am
Quoting bullrock
Moving averages are powerful tools but IMHO they are not enough alone. I would use an oscillator like MACD or RSI or Stochastics with it and add to the toolset trendlines, support resistance, fibo levels and pivot points for starters. Plus use MM. Things like if I have such profit I move to breakeven. I use multiple SLs, targets and so on... That would be more or less the complete picture. Oh yes. and a lot of "screentime" just to get feelings about price action/behoviour.
Thanks for the post. I do agree that they are not enough alone. Support and resistance points are very important especially for entries and profit targets.

Personally I am not a fan of indicators, but if they work for you that is cool!
  • #74
  • Sep 13, 2007 10:36am Sep 13, 2007 10:36am
Quoting bullrock
I am long if you would lik eto know with target 0.7242
I am still long too.. I have a similar target, the swing high near that area. Although I am around +120 pips or so and I also have a 50 pip trailing stop, I dont want to risk ending the trade at break even now its so nicely up
  • #75
  • Sep 13, 2007 11:46am Sep 13, 2007 11:46am
Quoting peterM
Thanks for the post. I do agree that they are not enough alone. Support and resistance points are very important especially for entries and profit targets.

Personally I am not a fan of indicators, but if they work for you that is cool!
Heh you have the point I am not fan of them too. But sometimes they are useful. I have 3 no indicators strategies and 1 with indicators. Just for fun.
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  • #76
  • Sep 13, 2007 4:57pm Sep 13, 2007 4:57pm
My trailing stop activated. +91 pips.. I waited patiently for the right entry and only risked 25 pips. Time to sit out now and wait for more good signals.
  • #77
  • Sep 13, 2007 6:40pm Sep 13, 2007 6:40pm
"[quote=MrFuture;1573858]I agree, simplicity sometimes is the best solution.

The 5/8 emas work very well when it trends, less when it ranges..... If the markets were always trending we would all be filthy rich by now. The problem with trading, no matter what (stocks, commodities. forex etc.) is when the market ranges, period. "

Hello MrFuture. Looks like you have a great system... in my opinion, all you need is an indicator that shows you if a market is trending or is going sideways. I'm a relatively a starting trader (i like it a lot, and maybe i'm still looking for the "holy grail"), since i've been doing it for about five months, and i have the same problem as you have.

After a lot of reading, i found that you can use indicators that tells you when a market is in trending mode, and when it's going sideways. If you find an indicator that tells you an entry point when the market is going sideways, then you can let it roll on when the trend begins, and the best of all, you are getting an early entry, better than the entry point that tells you the trending indicator. If the market doesn't trend, then you exit when the sideways indicator tells you to do so.

I know it can sound easy, and i also know that it isn't, but it's my 2 pip contribution to the forum... lol.

"That's when most profit obtained while it was trending are burned and the you start all over again."

I hate to read this..., thats why i needed to write about it. Maybe its not the "holy grail":, but with your system, and my humble contribution, i think you can get pretty close...

Happy and profitable trading

WP
  • #78
  • Sep 13, 2007 7:48pm Sep 13, 2007 7:48pm
Got a totalof 46 pips on the NZD/USD today... Let see what the rest of the night will bring..happy pipin
  • #79
  • Sep 14, 2007 3:45am Sep 14, 2007 3:45am
Quoting Slkosier
Got a totalof 46 pips on the NZD/USD today... Let see what the rest of the night will bring..happy pipin
Great stuff.. were you long?
  • #80
  • Edited 5:23am Sep 14, 2007 4:56am | Edited 5:23am
Quoting peterM
Great stuff.. were you long?

Yeah I went long... I got another 15pips on it.. I am happy with what I made this week (around 220 pips)... I might just watch on friday since Oanda's spread goto 10pip spread around 3pm....See ya later
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