MA + Fibo = >Green pips

Hi All,
I'm a big fan of MA and Fibo, and I only used these 2 indicator to trade. So far its doing OK on my account. I would like to use this journal to track my account performance of these 2 great indicator.. cheers for now..

i use fibo with MA, stochs and RSI. looking forward to your postings. good luck!

ok, here we start.. I'm using 2 set of MA + Fibo

Filter MA 72,100
Trade MA 5,10, 72,100
Fibo both direction on all timeframe from monthly to 15M

Entry = crossed 5,10 & check Filter MA 72 < 100 (short), and 72 >100 (long)
Entry = crossed 72,100
Exit = hit fibo 38.2, 61.8, 100, 161.8, 261.8, 423.6 %

Exit profit = > 20 pips
TP = 0
SL = 0 ( i used hedging technique)

Best timeframe to trade 15M or 1H ( you can go higher for long term)

* I attached my setting tpl here for sample.

Today trades been OK, managed to closed +371 pips.. I'm still using micro so its not that much in $

hope next week have more green pips

today closed position... not to much, some still hibernating float with combination of red, green and pink.. ..
at least I add a bit more $ in my account.. hopefully next week would be more greener..
good weekend all...

Hi,

I must commend you for this system.

I noticed that there is an EA that u use. Is it to give u an alert of the crosses or when all d criterias are met?

How long have you been using this system. It looks good.

Tell us more about this EA...as well.

Cheers and good job.

ops.. forgot to mention, I'm also using zig zag to clearly define a correct point for the Fibo line.

This simple technique allow me to trades on 16 pairs..

NZDJPY yesterday and today been a good friend to me..

keep the crossing coming...

hi there.. yes, I'm using a simple EA to trade this technique.. been testing for 6 month and live account for the last 6 month.. the principle of the EA are the same as explained earlier, with just a bit of creative lots management... however, you can trade on this technique manually..

here is sample of my backtest on this trading technique..

what a swing just now.... most pair moved by 100 - 300 pips in few minutes...

most of my position got our just in time before the reversal.. very very lucky today i guess.... 3 out of 16 pairs got stuck tho, hopefully it will be out by tomorrow afternoon..

this morning I start trading with 0.02 lots, and from morning till now, manage to closed approx. 500 pips with 13 pairs...

horey.. its weekend again..
this week has been good for my trading.. couples of floating pair, but most of it got out with nice little profit.. my trading account edge up slightly... now still trading with 0.02 lots..
today closed US40 ( approx 2000 pips = 0.02 lots)

tracking my trading performance for year 2008...
I hope to raise more than 25K by end of the year, then hopefully more wiser to start a standard account..

its been a long time i have not update this thread.. too busy with work and hectic travelling, forgot to check my trades for weeks.. anyway, checked the balance today, and its looks great.. balance increased, still got plenty of loss floating, but my margin can handle it easily... hope to have a better trades in March...

today would be 2 1/2 month since i start tracking my account performance journal here... my little account has grew to 2400.. not a big account by some people standard, but hey, i'm learning here (and look at the starting balance ... the ea system works very well, and i have learn something usefull, stick to your trading technique and never change it.. so I have made myself a promise, never to touch my trading terminal at any market condition..

its 15th March today, I just got back from a little holiday with wife and kids.. its a school holiday week here in Malaysia.. the little one cry and 'mengamuk' on all our flight, create a bit of havoc on the plane.. .. we stayed in Chedi Phuket this time, a nice little place to spend your weekend with sun, sea, beach and Patong shopping ..

so, the account grew a bit more.. today it stand at US3200, an increased of us800 or 33% from last posting 10 days ago... still trading micro lot, still got few more floating loss, but under control..

My application to be Introducing Advisor and Money Manager with Interbankfx has been approved today.. great start.. I was planning to start my own forex managed account soon, once all the legal issue been sorted out. Already have 1 account started last February (well, its my buddy in the office, and he's jumping arround with 21% profit he got so far).. so lets see in the next few month on how things will progress...

in the mean time, lets trades with diciplines, and never mess with the setting..

happy trading

You're doing good! I am also learning forex at the moment. Planing to open a micro account soon.

Keep it up.

Hey nashcreator - Pretty impressive system - and the curves look great!

Question - how do you hedge with so many open trades?

- Best - shaltrade