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sma 21 trading method

  • #81
  • Edited 12:09pm Jan 4, 2008 11:45am | Edited 12:09pm
Quoting SteveHopwood
Cheers Oksana. I have put it on a demo chart, 4H with 34 sma. If you have hard-coded the ea to work on a 1H tf and 21 sma then it will simply ignore my settings.

How did you set the exit point?

Thanks for your hard work.

Thanks to Gnat, who helped me find GbpJpy.

1st picture:3 year backtest
Close above 21sma, and/then AO green, buy.
Close under 21sma, and/then AO red, sell.
Exit when close opposite of trade.

2nd picture: 3 year backtest
Same expect with 34sma.

The problem with this is that of the exit strategy. Your position, I saw in the EA, makes for exaple a profit of +700 pips, and then goes back and needs to exit when crosses opposite side of trade, and ends up with -56. U get what i'm sayin'?

EDIT: How do I attach results?
EDIT again: How do I put words under attachments?

THE PREVIOUS EA IS A LITTLE WRONG HERE IS THE RIGHT NEW ONE
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 21sma.gif Size: 9 KB
Click to Enlarge Name: 34sma.gif Size: 9 KB
Attached File(s)
File Type: ex4 PowerQuest.ex4   4 KB | 534 downloads
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  • #82
  • Jan 4, 2008 12:49pm Jan 4, 2008 12:49pm
Quoting Oksana17
Thanks to Gnat, who helped me find GbpJpy.

1st picture:3 year backtest
Close above 21sma, and/then AO green, buy.
Close under 21sma, and/then AO red, sell.
Exit when close opposite of trade.

2nd picture: 3 year backtest
Same expect with 34sma.

The problem with this is that of the exit strategy. Your position, I saw in the EA, makes for exaple a profit of +700 pips, and then goes back and needs to exit when crosses opposite side of trade, and ends up with -56. U get what i'm sayin'?

EDIT: How do I attach results?
EDIT again: How do I put words under attachments?

THE PREVIOUS EA IS A LITTLE WRONG HERE IS THE RIGHT NEW ONE
Hallo Oksana!

Your results have a much too high relative drawdown as one can see from the choppyness of your result. But the overall strategy seems to work and do working on wrong entries and especially the exits is essential from here on.

Please try and use a means to trail and secure the trades you described above. Examples:

1. Simple trailingstop of 65 - 95 on the GBPJPY, slightly lower on other yen crosses. (Depending on the TF you are using. Guess it is 1H?)

2. Move your stops connected to the PSAR and make a real parabolic trailingstop out of that.

3. Combine another indicator with that PSAR to trigger a session and switch it off again as the direction of your trade is losing or regaining steam. This is complicated to code, but has been done in the past.

4. Simply be humble and exit in the Spudfyre way, at least in 3 steps. TP1: 35 pips, TP2: 65 pips, TP3: 125 pips or the like. You may want to move some stops too and therefor you may try to integrate the managetp34-EA into your EA to manage exits and move some stops into profit.

Hope that was alright with you. I more or less jump into here, sorry!
Best Wishes!
Gnat
  • #83
  • Jan 4, 2008 1:35pm Jan 4, 2008 1:35pm
Very smart. A trailing stop. Cool. I will try to modify the EA on your rules for exiting. I was thinking a trailing stop or a parabolic SAR for exit, just like u said to code. Adding an EA to another EA is kind of complicated, I can do it, but I don't know how it would work out. I don't know how to make a Parabolic SAR trailing stop, but I will find out. Thanks for the indicator hint, I just remembered that that's a good indicator to get out at. I'll see.

Again, thanks,

Oksana.
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  • #84
  • Edited Jan 6, 2008 5:54am Jan 5, 2008 7:29pm | Edited Jan 6, 2008 5:54am
Quoting Oksana17
Very smart. A trailing stop. Cool. I will try to modify the EA on your rules for exiting. I was thinking a trailing stop or a parabolic SAR for exit, just like u said to code. Adding an EA to another EA is kind of complicated, I can do it, but I don't know how it would work out. I don't know how to make a Parabolic SAR trailing stop, but I will find out. Thanks for the indicator hint, I just remembered that that's a good indicator to get out at. I'll see.

Again, thanks,

Oksana.
the guy I know he uses a 5ema closed
& close the trade when price closes on the wrongside
he uses it on 4 hours and higher esp. day

TEB
  • #85
  • Edited 10:47pm Jan 5, 2008 10:29pm | Edited 10:47pm
Quoting TEB63
an Idea
try adding a 5ema closed
& close the trade when price closes below it in an up trade
opp in a down trade

TEB
Is this a new system, not even related to 21sma method?
Well, here...I will code the EA...close>5ema then buy and close sell, vice versa for sell.

There! Phew!!!
I coded it. And under 15 min.!!!

Which currency and timeframe, TEB?

Okay, I normally don't post mql4. But, I want to be nice and let everyone test it on the Strategy Tester, here is the mql4 file.
Attached File(s)
File Type: mq4 CO5.mq4   3 KB | 654 downloads
File Type: ex4 CO5.ex4   4 KB | 519 downloads
Request custom Expert Advisor or Indicator: dostapyuk "at" gmail . com
  • #86
  • Apr 17, 2008 1:27pm Apr 17, 2008 1:27pm
this strategy uses Awesome oscillator, does anyone have awesome ascilitor with allerts? it is very hard becoz standard AO has no alerts. please post it here if this thread is not dead
  • #87
  • Apr 18, 2012 12:45am Apr 18, 2012 12:45am
I too use the 21 SMA but not like you do. I lso like to trade the GBPJPY. I also use the 10 SMA and the 50 SMA.
In my humble opinion, that is all you need to make really good profits trading.
You also need to learn how to check different time frames for confirmations.
Sean Kelly Love God and love others. Do this and life is fun!
  • #88
  • Apr 24, 2012 8:27am Apr 24, 2012 8:27am
Quoting skelly
I too use the 21 SMA but not like you do. I lso like to trade the GBPJPY. I also use the 10 SMA and the 50 SMA.
In my humble opinion, that is all you need to make really good profits trading.
You also need to learn how to check different time frames for confirmations.
I like systems with MA involved... Can I ask how do you trade using the 3 SMA?
  • #89
  • Last Post: Apr 26, 2012 4:15am Apr 26, 2012 4:15am
Which platform do u guys use EA on?
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