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Simple 5 / 8 moving average crossover

  • #441
  • Nov 6, 2007 3:46am Nov 6, 2007 3:46am
Here the chart
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  • #442
  • Nov 6, 2007 8:46am Nov 6, 2007 8:46am
Hey peter and silkosier thanks a lot made my first profit used only laguerre and the 5/8 crossovers. Bought at 2.0820 around 3a.m. GMT time. Made a good profit as i sold at around 25 pips higher.
BK
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  • #443
  • Nov 6, 2007 9:34am Nov 6, 2007 9:34am
Quoting gioviforex
Good morning guys
i entered AUD/NZD short @ 1.1940 , stop loss @ 1.2066

I entered this one as well. Up about 35 pips now. ALso entered GBP/CHF a little later for a short. A little move + 5 or so right now
  • #444
  • Nov 6, 2007 9:52am Nov 6, 2007 9:52am
Quoting Rabideagle
I entered this one as well. Up about 35 pips now. ALso entered GBP/CHF a little later for a short. A little move + 5 or so right now
If conditions remain i'll enter this night on GBP/CHF
  • #445
  • Nov 6, 2007 12:51pm Nov 6, 2007 12:51pm
back folks, sorry I've been away a while, my pc blew up. I just bought some bits and built a new one. My spare laptop I was using is barely powerful enough to run MT4!
  • #446
  • Nov 6, 2007 4:33pm Nov 6, 2007 4:33pm
Thanks for the thread. Looks very interesting. Can you guys give a summary of the pips that you made trading since using this. And can you add how many winners verses losers. This would be a lot of help. And can you tell me what you guys use as a target?
  • #447
  • Nov 6, 2007 6:00pm Nov 6, 2007 6:00pm
I am glad to see lots of you doing well with this system this week so far.. I have taken a bit of a break..I made around 189 trades last month and wanted to take a break..Thats alot of trade being that I work full time and have a side job..Last month I worked on 1hr, 4hr & day charts..this month day chart only for me...Talk to you all later

Slkosier
  • #448
  • Nov 6, 2007 6:22pm Nov 6, 2007 6:22pm
Quoting peterM
back folks, sorry I've been away a while, my pc blew up. I just bought some bits and built a new one. My spare laptop I was using is barely powerful enough to run MT4!

Welcome back Pete

Green Pips this week
  • #449
  • Nov 6, 2007 6:35pm Nov 6, 2007 6:35pm
Quoting aztrader20
Thanks for the thread. Looks very interesting. Can you guys give a summary of the pips that you made trading since using this. And can you add how many winners verses losers. This would be a lot of help. And can you tell me what you guys use as a target?

I'm only trading on the demo for now.. but since i read this post and started using it on 10-25-07 using day chart only

i've made 19 trades. 13 positive 6 negative, of those negative only 3 showed no positive move before a SL, the other 3 I coulda stoped for minimal gains if I was watching.

I tend to protect my pips with modified SL once I'm up a bit, sometimes to my loss of bigger gains, but the 19 trades net me 266 pips. I can live with that I suppose.......
  • #450
  • Nov 7, 2007 1:05am Nov 7, 2007 1:05am
Quoting aztrader20
Thanks for the thread. Looks very interesting. Can you guys give a summary of the pips that you made trading since using this. And can you add how many winners verses losers. This would be a lot of help. And can you tell me what you guys use as a target?
Nothing else ??????
  • #451
  • Nov 7, 2007 7:13am Nov 7, 2007 7:13am
Quoting gioviforex
Nothing else ??????
  • #452
  • Nov 7, 2007 7:18am Nov 7, 2007 7:18am
I aim for 100 pips per week with it.. some times i get it, some times I dont. Some weeks I don't even place a trade, I only trade when I have an optimal setup. This way my trade is never a bad trade. If I win or lose, it is still a good trade as I stuck firmly to the system.
  • #453
  • Nov 7, 2007 8:08am Nov 7, 2007 8:08am
Quoting peterM
I aim for 100 pips per week with it.. some times i get it, some times I dont. Some weeks I don't even place a trade, I only trade when I have an optimal setup. This way my trade is never a bad trade. If I win or lose, it is still a good trade as I stuck firmly to the system.
Peter,
I want to express my thanks for the huge amount of time & effort you put in here to Help the many of us that are working to become successful Forex Traders.
Statements like the above reinforce what I believe to be a logical mindset and have help guide me in the direction of Longer timeframes and simpler set ups. Everyone reaches their own destination in their own time but if the masses would read this thread & your beginners help & Jacko's thread they would find getting there much more pleasurable. (& Profitable)
thanks, Tom
  • #454
  • Nov 7, 2007 8:21am Nov 7, 2007 8:21am
Quoting peterM
I aim for 100 pips per week with it.. some times i get it, some times I dont. Some weeks I don't even place a trade, I only trade when I have an optimal setup. This way my trade is never a bad trade. If I win or lose, it is still a good trade as I stuck firmly to the system.

Hello Pete

could u explain what is ur optimal setup?

regards
  • #455
  • Nov 7, 2007 10:43am Nov 7, 2007 10:43am
Peter,good system.. the system is ema5 close and ema8 open and wait for the crossing in daily, right?
  • #456
  • Nov 7, 2007 12:34pm Nov 7, 2007 12:34pm
Hi, Peter, I had some questions about the strategy. I am using a demo account for SG trader. I go to osicllator box and click moving average of the oscilaltor. A box comes up with a few fill ins. I am not sure exactly what to put in each box. The boxes I have questions for are the fast ema, the slow ema, the macd sma, the fixed minimum and the fixed maximum. I guess i just need to now where to put exactly the five and eight and if I need to put anything else in the other boxes. Also with regard to the strategy Do I just look at the point where the osma is 0 ,thats the crossover point right,and then basically go short or long based on whether the osma is going down or up, factoring in the lastd day trading. Also, the last questions I have is thier is a box in the osma that says close, open, high, low, median price, typical price, weighted price-do I need to choose one of these. Thanks for any help you can offer. I am new to alot of this stuff, I deeply appreciate any help, happy trading,
  • #457
  • Nov 7, 2007 1:46pm Nov 7, 2007 1:46pm
Quoting maksi86
Peter,good system.. the system is ema5 close and ema8 open and wait for the crossing in daily, right?
Actually I believe Peter uses 5close ema / 8close ema.
The mention of 5close 8open was by another poster.
  • #458
  • Nov 7, 2007 2:07pm Nov 7, 2007 2:07pm
Quoting vinceish567
Hi, Peter, I had some questions about the strategy. I am using a demo account for SG trader. I go to osicllator box and click moving average of the oscilaltor. A box comes up with a few fill ins. I am not sure exactly what to put in each box. The boxes I have questions for are the fast ema, the slow ema, the macd sma, the fixed minimum and the fixed maximum. I guess i just need to now where to put exactly the five and eight and if I need to put anything else in the other boxes. Also with regard to the strategy Do I just look at the point where the osma is 0 ,thats the crossover point right,and then basically go short or long based on whether the osma is going down or up, factoring in the lastd day trading. Also, the last questions I have is thier is a box in the osma that says close, open, high, low, median price, typical price, weighted price-do I need to choose one of these. Thanks for any help you can offer. I am new to alot of this stuff, I deeply appreciate any help, happy trading,

Hello

it would seem that you are trying to set up a macd indicator which has little to do with this system.if you just look thru your indicator list you should find a moving average .this you need too add to your chart twice ...once for 5ema close and once for 8 ema close.

can i ask if you are demoing and with what platform ...i could then explain better..it may also pay you to click the link at the bottom of peters posts ..this will take you to his excellent site.try to read thru the whole site it will most definetly help you along your way


good reading

Rye
  • #459
  • Nov 8, 2007 6:26am Nov 8, 2007 6:26am
Quoting hany mohssen
Hello Pete

could u explain what is ur optimal setup?

regards
A cross in a nice trending market. or a retracement to support/resistance in a ranging market. :-)
  • #460
  • Nov 8, 2007 6:27am Nov 8, 2007 6:27am
Quoting vinceish567
Hi, Peter, I had some questions about the strategy. I am using a demo account for SG trader. I go to osicllator box and click moving average of the oscilaltor. A box comes up with a few fill ins. I am not sure exactly what to put in each box. The boxes I have questions for are the fast ema, the slow ema, the macd sma, the fixed minimum and the fixed maximum. I guess i just need to now where to put exactly the five and eight and if I need to put anything else in the other boxes. Also with regard to the strategy Do I just look at the point where the osma is 0 ,thats the crossover point right,and then basically go short or long based on whether the osma is going down or up, factoring in the lastd day trading. Also, the last questions I have is thier is a box in the osma that says close, open, high, low, median price, typical price, weighted price-do I need to choose one of these. Thanks for any help you can offer. I am new to alot of this stuff, I deeply appreciate any help, happy trading,
Yes, that does sound like a MACD indicator rather than a standard moving average. Are you using MT4?
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