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Forex can be easy!!!

  • #41
  • Sep 22, 2007 9:45am Sep 22, 2007 9:45am
what are your uses for the shift?.......since it really does'nt change the actuall MA other than it's position on the chart....I mean it does'nt see into the future. it is still a lagging indicator.
Same Whore .... Different Dress
  • #42
  • Sep 22, 2007 9:47am Sep 22, 2007 9:47am
Quoting johnedoe
what are your uses for the shift?.......since it really does'nt change the actuall MA other than it's position on the chart....I mean it does'nt see into the future. it is still a lagging indicator.
I was thinking about your approach. Just a minute I will put together a chart and post it. I think there is a way to really cut down on your wipsaws.

Be Back
  • #43
  • Sep 22, 2007 9:52am Sep 22, 2007 9:52am
If you used your basic idea of buying above the average and selling below the average, by shifting a average in the future you give it some breathing room in cases where you would otherwise be wipsawed. It is not 100%, but nothing is and is an improvement.

This is an example of a 5sma shfited +2
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  • #44
  • Sep 22, 2007 9:58am Sep 22, 2007 9:58am
I see your idea and I had looked at this before. it just postponed the entries and was not really an improvement, the indicator still lags.
so far the setup I am using and using it on longer TFs mostly 3 hr and daily, with the occasional 1 hr depending on the strength of the trend ...whipsaws have been very minor....
Same Whore .... Different Dress
  • #45
  • Sep 22, 2007 10:10am Sep 22, 2007 10:10am
Also instead of a 5 MA use a 10 MA and eliminate the 2 period shift. I think you will see the price action more clearly.
Same Whore .... Different Dress
  • #46
  • Sep 22, 2007 10:13am Sep 22, 2007 10:13am
Quoting johnedoe
Also instead of a 5 MA use a 10 MA and eliminate the 2 period shift. I think you will see the price action more clearly.
You asked I answered. LOL. 5 sma was just a quick example. Lagging and non lagging was not of interest to me and why I asked. However, one would need to choose a shift and a period of moving average for a specific task to be accomplished. One size does not fit all.

Thanks for the info.
  • #47
  • Sep 22, 2007 10:22am Sep 22, 2007 10:22am
Quoting johnedoe
I see your idea and I had looked at this before. it just postponed the entries and was not really an improvement, the indicator still lags.
That's the whole point genius. Displacing a MA forward does introduce lag and allows for more timely crossovers.
  • #48
  • Sep 22, 2007 10:26am Sep 22, 2007 10:26am
Quoting philmcgrew
That's the whole point genius. Displacing a MA forward does introduce lag and allows for more timely crossovers.
your right Einstien...but it introduces MORE lag.....
Same Whore .... Different Dress
  • #49
  • Sep 22, 2007 10:41am Sep 22, 2007 10:41am
[quote=altin2007;1606127] If it's going up buy it, if its going down sell it, its easy as it is on any pair on any time quote]

ok ....
let's say that is the rule....but i have some quistions need answers..

1- when we can say that the price is going up to put our buy position...??
or going down.
2- if we knew the correct time of entry ..can we warrant that the price will continue with our deal ..??
3- do u believe with oscillation of the price ?
4- is it better for us to forcast the direction of the price to enter before it ??

dear altin2007...
i do not oppose ur system or rule ....seems it is easier than any system and that is good....
but i have satisfaction that the forex is full of the risks..
would your rule beware of it ... i mean do have rules of entry ... ??
regards
  • #50
  • Sep 22, 2007 10:54am Sep 22, 2007 10:54am
I think one of the less important things is the entry. The exit decides if a trade will be a winner or a loser.

Almost every system or strategy tries to optimize the entry...

Ok, a good entry allows tight stops but even a random entry should work with a good money management.

Regards - Xaron
  • #51
  • Sep 22, 2007 11:22am Sep 22, 2007 11:22am
Quoting johnedoe
...but it introduces MORE lag.....
That's the point!
  • #52
  • Sep 22, 2007 11:24am Sep 22, 2007 11:24am
Quoting Xaron
I think one of the less important things is the entry. The exit decides if a trade will be a winner or a loser.

Almost every system or strategy tries to optimize the entry...

Ok, a good entry allows tight stops but even a random entry should work with a good money management.

Regards - Xaron
That is a very intelligent statement. Most systems rarely exhibit an entry accuracy of 50%. It's very easy to test.
  • #53
  • Sep 22, 2007 11:32am Sep 22, 2007 11:32am
Quoting philmcgrew
That is a very intelligent statement. Most systems rarely exhibit an entry accuracy of 50%. It's very easy to test.
phil
I'd be interested to hear more on this subject if you can.
  • #54
  • Sep 22, 2007 11:41am Sep 22, 2007 11:41am
Quoting BookerT
phil
I'd be interested to hear more on this subject if you can.
Take your strategy and apply a timed exit to it with no other exits whatsoever. For example: If long or short exit in 5 bars. I don't have or understand MT so I don't know the language for that. In TradeStation, timed exits are standard.

You'll be surprised how inaccurate the entry system alone can be.
  • #55
  • Sep 22, 2007 11:43am Sep 22, 2007 11:43am
MA = Lag
SMA = Lag
XMA = Lag
WMA = Lag

What all of the above does not = Price action.

More like price lag/tion.
  • #56
  • Sep 22, 2007 11:45am Sep 22, 2007 11:45am
Quoting philmcgrew
Take your strategy and apply a timed exit to it with no other exits whatsoever. For example: If long or short exit in 5 bars. I don't have or understand MT so I don't know the language for that. In TradeStation, timed exits are standard.

You'll be surprised how inaccurate the entry system alone can be.
Ah, I understand. Thanks for the info.
  • #57
  • Sep 22, 2007 12:22pm Sep 22, 2007 12:22pm
Quoting altin2007
Forex is so easy, do not make it complicated. Forget about everything u know about forex, the technicals, news etc.
Look i tell u very easy rule.
If it's going up buy it, if its going down sell it, its easy as it is on any pair on any time, just don't get too greedy meaning; on each trade set a goal like 20pip gain then get out, have decipline and do not setup stop loss ever!!! I am making btw 100 to 200 pips everyday with this simple rule.
I trade a variation of this.
Every evening I place a buy order at tomorrow's low and a sell order at tomorrow's high. That gives me 100% winners. It's easy
  • #58
  • Sep 22, 2007 12:32pm Sep 22, 2007 12:32pm
Quoting altin2007
Forex is so easy, do not make it complicated. Forget about everything u know about forex, the technicals, news etc.
Look i tell u very easy rule.
If it's going up buy it, if its going down sell it, its easy as it is on any pair on any time, just don't get too greedy meaning; on each trade set a goal like 20pip gain then get out, have decipline and do not setup stop loss ever!!! I am making btw 100 to 200 pips everyday with this simple rule.
You mean that trade in forex without stoploss and hope 2 win 20 pips in fluck hahaha and what if it suddenly went behind 100 pips ... then i guess u will sit for days with -100 -200 -300 -400 -500 -600 -700
  • #59
  • Sep 22, 2007 12:39pm Sep 22, 2007 12:39pm
Quoting dsouzagroup
You mean that trade in forex without stoploss and hope 2 win 20 pips in fluck hahaha and what if it suddenly went behind 100 pips ... then i guess u will sit for days with -100 -200 -300 -400 -500 -600 -700
First post and he nails it.
  • #60
  • Edited 1:18pm Sep 22, 2007 12:49pm | Edited 1:18pm
Quoting mr.marketz
That sounds fairly reasonable, I wish somebody would have turned me on to this strategy years ago... I could have been golfing with Bill Gates by now.
Yeah, but only if he needed a caddy.
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