New Trading System

How's this for a trading system? Made using customised indicators with MetaTrader 4 platform based on crossovers.

Chat 1: Long Entry on 4 Apr 2006
http://www.imageannex.com/out.php/i4...dchart1of2.gif

Chart 2: Continuation of long-entry made on 4 Apr 2006
http://www.imageannex.com/out.php/i4...dchart2of2.gif


Comments are welcome!

Can we know a little more about your system?

Have you been in that trade since Aug. 2006? Have you added positions?
etc..etc...

Yes, a little more detail please, this is only 2 snapshots with no information.

What indicators do you use?
What is the setup rules, etc.

Targets?

Stops?

etc

Regards

Been demo trading with that trade since 4 apr 2006. Did not add on to the initial position, still holding on until the exit indicator appears.

Its using 2 moving average crossovers and with 21 RSI as a guide.

Enter when shorter term MA crosses longer term MA from below. Using a weekly time frame. Exit when shorter-term MA cross longer-term MA from above.

Still holding a position for more than a year? Nice swap :

so do you intend to tell us the settings of your MAs...10 & 30? 10 & 5?

I use 18 and 28 MA

Looks like this guy likes giving information in pieces.

the links are dead...

nod. Do this tho... backtest a long on the EURUSD since Jan 2006. You'll notice that if you held the position the entire time w/ no stoploss you'd have more than doubled your balance by now.

Why do I bring that up? Because in a trending market, or even a gentle ranging market, you can get in and out on an MA crossover system without a problem. But the same approach only works because the fates have been kind, try it in a more whippy pair (like a GBP pair) and your balance will go poof. Even with a decent S/L, or a trailing S/L, it will nuke you. Don't believe me? Backtest it and see for yourself.

There's no guarantee that this pair will continue to behave like this, either. So before applying a system using moving average crossovers as a signal make sure the market is being gentle. It's statistically proven that in an trending market any random entry in the direction of the trend is as good as any other provided you hold the position until the trend changes.

Sorry if I spoiled the thread, it's just an important caveat.

Sorry for the dead links as it was sometime since I replied, here's the charts again. I've added one for the EUR/USD and the other for USD/JPY. The indicator has been tested on these two pairs and they seem to work well on the WEEKLY time frame. Thanks Rabid for the comments, I agree with Rabid that it may work on certain pairs and not others. So far i have only tried it for eur/usd and usd/jpy and not others on a WEEKLY timeframe. So do not take it for a holy grail as it is not meant to be.

EurUsd Chart
http://www.screenshots.cc/view_image...38/eur_usd.gif

Usd/jpy Chart
http://www.screenshots.cc/view_image/9d177220/usd jpy.gif

Here's the indicator, 18 and 28 MA crossover 21 RSI. No targets, no stops as it is purely a demo paper trade test system.