Simple 5 / 8 moving average crossover | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Yet another moving average crossover system 1,136 replies

Simple Moving Average Vs. Moving Average? 8 replies

Setting Up Moving Average Crossover Alert? 60 replies

Need alert: moving average crossover 14 replies

Moving average crossover alert!! 3 replies

Attachments: Simple 5 / 8 moving average crossover
Exit Attachments

Simple 5 / 8 moving average crossover

  • #181
  • Oct 13, 2007 6:27am Oct 13, 2007 6:27am
Quoting Slkosier
PeterM

How was your week with trying out Oanda?
hmm.. started disastrously, then I start using trend lines as well as crosses then started to have some winners.. How are u doing with them?
  • #182
  • Oct 15, 2007 8:24am Oct 15, 2007 8:24am
I had pick up about 80 pips so far this morning with the cross... I was trying a MA Crossover alert on the 1 hour chart and only going for 10pips at a time(going for smaller amounts to try something out) and made 8 trades when the alert signaled them.. I would tell me if it was a buy or a sell.. worked good so far.... Talk to you later..

Slkosier
  • #183
  • Oct 15, 2007 9:52am Oct 15, 2007 9:52am
Great stuff.. its good to hear you doing well with this strategy :-)
  • #184
  • Oct 15, 2007 4:44pm Oct 15, 2007 4:44pm
Looks like we could have a cross on the NZD/USD Daily chart coming up..
  • #185
  • Oct 15, 2007 5:02pm Oct 15, 2007 5:02pm
Quoting Slkosier
Looks like we could have a cross on the NZD/USD Daily chart coming up..
oh really? I don't see that on my chart. My charts are GMT+3 I think, there are no sunday candles, perhaps that is why..
Attached Image
  • #186
  • Oct 15, 2007 5:32pm Oct 15, 2007 5:32pm
Hi guys,

I trade a similar method to this using a 50 100 EMA and reading your thread here and looking at it on my charts I can see how this simple method can produce nice pips. One thing I noticed is that there is no filter to keep you out of the ranging times. Now not wanting to start putting all kinds of indicators on the charts or try and change the method as I like simple, but I use a filter to stay out of trades that is quite simple and yet effective.

Put an RSI on your charts set at 14 and put 2 levels on it a 56 and a 44. when you get a downward cross wait for the RSI to cross below the 44 for a buy cross wait for the RSI to go above the 56 .. when the RSI is between these two levels the market is basically ranging and your more likely to enter just to get stopped out..

I'd post a chart but can't seem to figure out how.

Like I said not wanting to change the trading method but thought I might be able to help with what I use to stay out of more of the bad trades.

Shaimus
  • #187
  • Oct 15, 2007 5:35pm Oct 15, 2007 5:35pm
Quoting peterM
oh really? I don't see that on my chart. My charts are GMT+3 I think, there are no sunday candles, perhaps that is why..
Here is what I have...Let me know what you think.. I could be wrong..
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 28 KB
  • #188
  • Oct 15, 2007 5:39pm Oct 15, 2007 5:39pm
Heres a chart I think??
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 32 KB
  • #189
  • Oct 15, 2007 5:41pm Oct 15, 2007 5:41pm
Quoting shaimus
Hi guys,

I trade a similar method to this using a 50 100 EMA and reading your thread here and looking at it on my charts I can see how this simple method can produce nice pips. One thing I noticed is that there is no filter to keep you out of the ranging times. Now not wanting to start putting all kinds of indicators on the charts or try and change the method as I like simple, but I use a filter to stay out of trades that is quite simple and yet effective.

Put an RSI on your charts set at 14 and put 2 levels on it a 56 and a 44. when you get a downward cross wait for the RSI to cross below the 44 for a buy cross wait for the RSI to go above the 56 .. when the RSI is between these two levels the market is basically ranging and your more likely to enter just to get stopped out..

I'd post a chart but can't seem to figure out how.

Like I said not wanting to change the trading method but thought I might be able to help with what I use to stay out of more of the bad trades.

Shaimus
Thanks for the info.. I am going to try it on one of my charts..I agree to many indicators will make it messy..I like simple systems
  • #190
  • Oct 15, 2007 8:32pm Oct 15, 2007 8:32pm
Well gotta get some sleep.. Got to work at 4am...See you all tomorrow evening....Happy trading
  • #191
  • Oct 16, 2007 2:48am Oct 16, 2007 2:48am
What the heck happened? Just woke up and saw all the drops,,,That is crazy...
  • #192
  • Oct 16, 2007 6:02am Oct 16, 2007 6:02am
British CPI was lower than expected. This could dampen any threat of a rate hike in the next few months now. We will see.
  • #193
  • Oct 16, 2007 7:11pm Oct 16, 2007 7:11pm
My alert has just signaled a


Cross Sell
NZD/USD .7512
Daily Chart


  • #194
  • Oct 16, 2007 7:57pm Oct 16, 2007 7:57pm
yep, That is a good short if you got that entry. I got 0.7500.. B/E stop now.. see where it takes us.
  • #195
  • Edited Oct 17, 2007 12:31am Oct 16, 2007 10:40pm | Edited Oct 17, 2007 12:31am
Hi peterM & all,

Thanks for your system and all other inputs. I will try to use this on 5mins and 1 hour to see if this can help my entries and exits. I have been a follower of Phillip Neil's M5 (& 4Hr to some extent) and Lever70's Cornflower (Thx Phillip & Lever70) for the past few months. I trust yours will also be very helpful.

As a newbie full time trader for a few hours daily Mon to Fri, I have the struggle whether to trade more lots looking for less pips on a intraday basis or less lots looking for more pips on a bigger timeframe. Now I tend to trade on smaller timeframes and look for confirmations with bigger timeframes.
  • #196
  • Oct 17, 2007 3:23am Oct 17, 2007 3:23am
Well looks like that cross on the NZD/USD for a short is worth 100pips from where I got in a .7512 ....Hope you did good on this one too PeteM

Slkosier
  • #197
  • Oct 17, 2007 7:04am Oct 17, 2007 7:04am
Quoting Slkosier
Well looks like that cross on the NZD/USD for a short is worth 100pips from where I got in a .7512 ....Hope you did good on this one too PeteM

Slkosier
nice trading.. I made +40 pips.. my trailing stop was activated.
  • #198
  • Oct 17, 2007 9:06am Oct 17, 2007 9:06am
Hi guys , but on NZD you didn'twait for the RSI below 44 , correct ?
Thanks
  • #199
  • Oct 17, 2007 9:29am Oct 17, 2007 9:29am
I have on daily AUDCAD short , rsi below 44,what do you think ?
  • #200
  • Oct 17, 2007 10:05am Oct 17, 2007 10:05am
I need more information on the 5/8 moving crossover, I am using the mt4 platform from interbank, could someone explain to me how do I exactly set this up
Thanks
1 trader viewing now