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Simple 5 / 8 moving average crossover

  • #421
  • Nov 4, 2007 9:54am Nov 4, 2007 9:54am
Quoting hany mohssen
Hi Pete

Did u use 5EMA Close / 8EMA Open

I think it,s good

Regards

Hi there,

I feel stupid in connection with the 5ema close & 8ema open, what are you guys talking about and can u give me some charts to explain as well please
  • #422
  • Nov 4, 2007 10:10am Nov 4, 2007 10:10am
Quoting peterM
I am not sure how it will work on the 5 min charts.. I have never tried it. If you try it, let us know how u get on.
Did you try this 5/8 crossover strategy on hourly or 4h timeframes?
BK
  • #423
  • Nov 4, 2007 10:36am Nov 4, 2007 10:36am
Quoting pbalfe@tisca
Hi there,

I feel stupid in connection with the 5ema close & 8ema open, what are you guys talking about and can u give me some charts to explain as well please
when you set up a Moving Average, you have the choice of using a varying set of data to create your average - the average of the Opening prices, Closing, Highs, Lows, median, Weighted etc etc.
Typical default is Closing, ie your average will be based on the prices closed at, over your given period.
I think what these guys are trying to do which may have confused you, is to experiment with various settings other than the default Close.

If I were you I'd just sit back and soak up as much info as you can, let the experienced guys do the experimenting ....
  • #424
  • Nov 4, 2007 4:08pm Nov 4, 2007 4:08pm
Quoting rathcoole
when you set up a Moving Average, you have the choice of using a varying set of data to create your average - the average of the Opening prices, Closing, Highs, Lows, median, Weighted etc etc.
Typical default is Closing, ie your average will be based on the prices closed at, over your given period.
I think what these guys are trying to do which may have confused you, is to experiment with various settings other than the default Close.

If I were you I'd just sit back and soak up as much info as you can, let the experienced guys do the experimenting ....
hi,

i agree thinking about it, thanks
  • #425
  • Nov 4, 2007 5:21pm Nov 4, 2007 5:21pm
Quoting bksujal
Did you try this 5/8 crossover strategy on hourly or 4h timeframes?
BK
I have only tried it live on daily charts. I am currently demo testing it on 4h. Some others have tried it on 1 hour and done very well.

Pete
  • #426
  • Nov 4, 2007 8:59pm Nov 4, 2007 8:59pm
Quoting peterM
I have only tried it live on daily charts. I am currently demo testing it on 4h. Some others have tried it on 1 hour and done very well.

Pete
Hi good thread, i looked at MA crossovers before with diff. settings but found they had lag(obviously)and much of the trend had already occured and it was almost at the end. But with your settings(5/8) i think they provide a signal in good time. thanx for sharing it. Are u in any open trades now?
  • #427
  • Nov 5, 2007 3:16am Nov 5, 2007 3:16am
Good morning all.... Hope everyone has a good weekend and ready for some more trading... Looks like we might have a cross soon on

AUS/USD for a short

Slkosier
  • #428
  • Nov 5, 2007 5:36am Nov 5, 2007 5:36am
Good morning, there could be a possible cross in the AUD/JPY soon. Check it out.
  • #429
  • Nov 5, 2007 6:16am Nov 5, 2007 6:16am
If you are trading off of the DAILY charts for AUDUSD and AUDJPY, wouldn't the trade be for tomorrow if the cross happens today? For the hourlies, the cross has happened 4-5 hours ago.
  • #430
  • Nov 5, 2007 7:18am Nov 5, 2007 7:18am
Quoting et_phonehome_2
If you are trading off of the DAILY charts for AUDUSD and AUDJPY, wouldn't the trade be for tomorrow if the cross happens today? For the hourlies, the cross has happened 4-5 hours ago.

That's a good question, ET! I am curious about that too.


T4K
  • #431
  • Nov 5, 2007 7:28am Nov 5, 2007 7:28am
Quoting Slkosier
Good morning all.... Hope everyone has a good weekend and ready for some more trading... Looks like we might have a cross soon on

AUS/USD for a short

Slkosier

Hey Silkosier,

are you still looking at Laguerre? Or are you just sticking to the 5-8 crosses? Do you have an additional filter?
  • #432
  • Nov 5, 2007 9:22am Nov 5, 2007 9:22am
Quoting jamesbond007700
Hi good thread, i looked at MA crossovers before with diff. settings but found they had lag(obviously)and much of the trend had already occured and it was almost at the end. But with your settings(5/8) i think they provide a signal in good time. thanx for sharing it. Are u in any open trades now?
No, not at the moment. I am just waiting for optimal settings for a trade.
  • #433
  • Nov 5, 2007 9:24am Nov 5, 2007 9:24am
Quoting Slkosier
Good morning all.... Hope everyone has a good weekend and ready for some more trading... Looks like we might have a cross soon on

AUS/USD for a short

Slkosier
yes.. though it is mostly range bound at the moment, if I trade a cross for this one, I would definitely want to wait for a retracement.
  • #434
  • Nov 5, 2007 10:10am Nov 5, 2007 10:10am
This system looks great! I have not read everything yet, but do we wait for each daily candle to close?
If so, that means on this system trades are only placed at 00:00 GMT?
Thanks
  • #435
  • Nov 5, 2007 12:35pm Nov 5, 2007 12:35pm
we have a cross on usd/jpy daily for a short?
  • #436
  • Nov 5, 2007 5:39pm Nov 5, 2007 5:39pm
Quoting alcastro
Hey Silkosier,

are you still looking at Laguerre? Or are you just sticking to the 5-8 crosses? Do you have an additional filter?

Yes I am still using the Laguerre and I have been usinf the RSI with settings 56 & 44..
  • #437
  • Nov 5, 2007 5:43pm Nov 5, 2007 5:43pm
Quoting peterM
yes.. though it is mostly range bound at the moment, if I trade a cross for this one, I would definitely want to wait for a retracement.
Yeah your right...it is in a ranging right now..this morning I thought it looked alittle closer...

Slkosier
  • #438
  • Nov 5, 2007 7:46pm Nov 5, 2007 7:46pm
You can use MACD (5,8,1) to see the crossings easier.
Attached Image
  • #439
  • Nov 5, 2007 8:18pm Nov 5, 2007 8:18pm
Quoting banzai
You can use MACD (5,8,1) to see the crossings easier.
That looks very interesting..Thanks for the info Banzai..

Slkosier
  • #440
  • Nov 6, 2007 3:35am Nov 6, 2007 3:35am
Good morning guys
i entered AUD/NZD short @ 1.1940 , stop loss @ 1.2066
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