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Attachments: GBP/YEN EMA cross
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GBP/YEN EMA cross

  • #1
  • First Post: Jan 14, 2008 6:29am Jan 14, 2008 6:29am
Anybody here use ema? Ive created a strategy that is like a frankenstein of other ones.
-trade during peak times roughly 9 pm to 9 am PST
-Set EMA at 14
-Set RSI at 14
-Set bollinger bands (the BB are set automatically)

Entry
Open G/Y at a 15 min once a candle breaks the EMA check RSI if it is above 50 go long if it is below go short.

Exit
Either exit in the same candle as open if things dont appear to continue or move SL and TP till you hit Bands or RSI of <70 for long >30 for short

If any one has anything to add please do.
Attached Image
  • #2
  • Jan 14, 2008 6:34am Jan 14, 2008 6:34am
Resized chart
Attached Image (click to enlarge)
Click to Enlarge Name: EXAMPLES for my style.jpg Size: 92 KB
  • #3
  • Jan 14, 2008 6:48am Jan 14, 2008 6:48am
Performance is needed.
Could u kindly tell me how long you ve been using such great system
Ele
  • #4
  • Jan 14, 2008 2:25pm Jan 14, 2008 2:25pm
Ele
Ive been reading through system after system for a long time Ive taken what I like form systems put them together in this. Its a very fresh system maybe a month I have some losses that were stopped out due too small stops that I cured up so far. I havent caught a trade since then because I started using the RSI to help with direction of entry. As soon as I get some trades Ill start posting them. At this point it may be complete and may not be. However my goal is to make 50 pips a night on avg, risking no more than 2% per trade.
Last night I missed a trade by about an hour. Tonight I plan on finding a solid trade.
  • #5
  • Jan 22, 2008 3:54pm Jan 22, 2008 3:54pm
Hello Friend,

What you think make an EA? How long you are using this TS? iŽll not charge nothing, just share,
so, we'll lets see the possibilities and run some BackTests in a different pairs.


Best Regards,

Marcelo Marques
  • #6
  • Edited 6:11pm Jan 22, 2008 4:19pm | Edited 6:11pm
Here's a true EMA cross technique that works on the GBP/JPY, and any other pair. 5 Minute chart.
5 EMA "CLOSE", Red
5 EMA "OPEN", Blue
QQE5

Buy Rules
When Red crosses Blue, Blue on bottom pushing market upwards, QQE5 above 50, enter trade on open of next candle.

Sell Rules
When Red crosses Blue, Blue on top pushing market downwards, QQE5 below 50, enter trade on open of next candle.

Exit when EMA's cross or take profit reached. This is a scalping technique! Draw trend lines to minimize loss.
Attached Image (click to enlarge)
Click to Enlarge Name: cross.gif Size: 22 KB
Attached File(s)
File Type: ex4 ###QQE_Alert_MTF_v2###.ex4   9 KB | 580 downloads
  • #7
  • Jan 22, 2008 5:08pm Jan 22, 2008 5:08pm
Send the indicator QQ


Best Regards,
Marcelo Marques
  • #8
  • Jan 22, 2008 8:16pm Jan 22, 2008 8:16pm
hey Dolla. I have been using that on EJ tonight and making pips. thanks!
  • #9
  • Jan 22, 2008 8:52pm Jan 22, 2008 8:52pm
No problem glad I could help.
  • #10
  • Jan 23, 2008 3:28am Jan 23, 2008 3:28am
do you have a MQ4 file?

Best Regards,
Marcelo Marques
  • #11
  • Jan 23, 2008 3:50am Jan 23, 2008 3:50am
Quoting DollaBill
Here's a true EMA cross technique that works on the GBP/JPY, and any other pair. 5 Minute chart.
5 EMA "CLOSE", Red
5 EMA "OPEN", Blue
QQE5

Buy Rules
When Red crosses Blue, Blue on bottom pushing market upwards, QQE5 above 50, enter trade on open of next candle.

Sell Rules
When Red crosses Blue, Blue on top pushing market downwards, QQE5 below 50, enter trade on open of next candle.

Exit when EMA's cross or take profit reached. This is a scalping technique! Draw trend lines to minimize loss.
This is pretty much my scalping technique as well, but I use SMAs and not EMAs.

When it's rangey, be careful, you'll get SLd out alot.
Use the same system on the 15M for rangey days like yesterday and today.
settling down a bit and will work better at the end of the week.
Always seems to do that for me...... Made over 1000pips last week with it.
  • #12
  • Jan 23, 2008 3:55am Jan 23, 2008 3:55am
Well still searching for some good ones Had a couple of good entries and emotional exits. Im still a little new still so once I gather some trades and charts to go with them will post with all info. Not really looking to scalp but lead into other candles 4 hr max trade. Thanks for the feedback
  • #13
  • Jan 23, 2008 2:37pm Jan 23, 2008 2:37pm
Quoting kujo17
This is pretty much my scalping technique as well, but I use SMAs and not EMAs.

When it's rangey, be careful, you'll get SLd out alot.
Use the same system on the 15M for rangey days like yesterday and today.
settling down a bit and will work better at the end of the week.
Always seems to do that for me...... Made over 1000pips last week with it.
Yeah, I got this particular one from you.. however cross tradding has been around for ages....
  • #14
  • Jan 23, 2008 4:20pm Jan 23, 2008 4:20pm
[quote=DollaBill;1817121]Yeah, I got this particular one from you.. however cross tradding has been around for ages....[/quote]

absolutely. I've just been around 2 months and figured out it worked well for me.
But, now my style is evolving with Fibs and what not.
Just more indicators of stops and direction, etc.
  • #15
  • Jan 23, 2008 9:55pm Jan 23, 2008 9:55pm
[quote=kujo17;1817270]
Quoting DollaBill
Yeah, I got this particular one from you.. however cross tradding has been around for ages....[/quote]

absolutely. I've just been around 2 months and figured out it worked well for me.
But, now my style is evolving with Fibs and what not.
Just more indicators of stops and direction, etc.

KUJO17 and DollaBill,

Keep sharing your trading....

Since you are scalping, with this 5min 5ma strategy, have either of you
considered reversing your trades with each cross since there is so much pip
movement in this pair? More pips to capture that way.

I've seen another strategy which traded off of a 12 hr chart in which the
trade was never 'ever' closed... no stops, just kept reversing the trade with
each cross. Too boring to wait 12 hours and see huge swings in pips piling
up in the account. Alway seemed to show positive accumulations even with
the fluctuation in the balance.

A 1hr or 4hr chart might be something to consider with that style.

Dr. D.
  • #16
  • Jan 23, 2008 10:08pm Jan 23, 2008 10:08pm
[quote=fourxtrader;1817703]
Quoting kujo17


KUJO17 and DollaBill,

Keep sharing your trading....

Since you are scalping, with this 5min 5ma strategy, have either of you
considered reversing your trades with each cross since there is so much pip
movement in this pair? More pips to capture that way.

I've seen another strategy which traded off of a 12 hr chart in which the
trade was never 'ever' closed... no stops, just kept reversing the trade with
each cross. Too boring to wait 12 hours and see huge swings in pips piling
up in the account. Alway seemed to show positive accumulations even with
the fluctuation in the balance.

A 1hr or 4hr chart might be something to consider with that style.

Dr. D.
Dr. D,

I do scalp both ways. Also UJ/EU as well.
Obviously, yesterday/today there was HUGE pips made, but it works really well going 'both ways'.
But, make sure it's not ranging alot or you'll be SLd out alot and just throwing away Pips/spread.

On rangey days, I use the 5SMA Open/close cross, with qqe5 on the 15M.
On trending day, I enter with the 5M strat and usually check the 15M chart before rushing to exit, as sometimes you can exit prematurely using the 5M strat version.

Also, keep an eye Fibs on the 15M/1H/4H to know direction and overall attitude of the market.

This maximizes the Pippage and it's been working EXCELLENT for me.

Just have to be a slave to the computer to do it.

kurt
  • #17
  • Last Post: Jan 23, 2008 10:49pm Jan 23, 2008 10:49pm
Except for the slave to the computer part. Is you method truly mechanical? Could an EA be programmed to do what you do?
Michael
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