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The art of Trading MAs

  • #121
  • Jun 12, 2008 6:41pm Jun 12, 2008 6:41pm
thanks - waltini1 n.. I appreciate your work.
that ea will work for now- im sure. . I am running my own..I have yet to come up with the right ea getin/ combo to make this work well. I really like the greens versus the yellow as its more trades but the repainting is intense and hard to control.
  • #122
  • Jun 12, 2008 6:42pm Jun 12, 2008 6:42pm
Hello endroute,
Just a quick question about your 5 & 13 EMA's. Are they both applied to the close price or is the 5 applied to close and the 13 to open ?

Nice system, thanks.....T-Wolf
  • #123
  • Jun 12, 2008 6:52pm Jun 12, 2008 6:52pm
Quoting thunderwolf
Hello endroute,
Just a quick question about your 5 & 13 EMA's. Are they both applied to the close price or is the 5 applied to close and the 13 to open ?

Nice system, thanks.....T-Wolf

Both to close
  • #124
  • Jun 12, 2008 7:04pm Jun 12, 2008 7:04pm
Quoting 4XWeezal
thanks - waltini1 n.. I appreciate your work.
that ea will work for now- im sure. . I am running my own..I have yet to come up with the right ea getin/ combo to make this work well. I really like the greens versus the yellow as its more trades but the repainting is intense and hard to control.
Ah but when price is above the yellow you typically get a much much better trade for a lot more pips, yes fewer trades but more pips and less risk.
  • #125
  • Jun 12, 2008 7:05pm Jun 12, 2008 7:05pm
I added a trailing stop, set to 0 to disable.
Attached File(s)
File Type: mq4 Art of Ma's 3.mq4   5 KB | 931 downloads
  • #126
  • Jun 12, 2008 7:58pm Jun 12, 2008 7:58pm
Quoting waltini1
I added a trailing stop, set to 0 to disable.

Is this indicator suppose to provide an audible alert??
  • #127
  • Edited 10:11pm Jun 12, 2008 9:32pm | Edited 10:11pm
what kind of stop loss do you use on the 1 hour? Also, I agree on the yellows as the appear to give the best moves - but I think the 5-13 cross on a short for example (with a lookback that is closes above the green with an ema can give you a good shot at it. We ill see... I think the trade has to open below the blue line for a long vice versa for a short...Anyway, I kind of like it so far. Well see if it makes profit or not.! for the shorter tf's,,,I agree that you would need to use an oscillator for a close..ma's on shorter tf's are a little late a lot of the times. It should be pretty good though... I like the ema's that start at top of moves... ie above the pivot for example and sell through it and close below with a larger trend.. typically i only get a few of those a week.
Attached Image (click to enlarge)
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  • #128
  • Jun 13, 2008 2:40am Jun 13, 2008 2:40am
Quoting mogul4x
Is this indicator suppose to provide an audible alert??
Hi mogul4x,

Firstly it is an EA not an indicator, and yes it has an audible alert and a box will pop up on your screen and tell you what is happening.

It can be used to take trades and/or as an alarm.
  • #129
  • Jun 13, 2008 4:31am Jun 13, 2008 4:31am
Hi friends,
Lets start posting trades we take based on the system rules. This way we can all learn from each other, as a picture is batter then a 1000 written words.
I'll start with a losing long trade I took a few hours ago on EurGbp 4H chart.
If you have comments, please post them.
Thanks,
Dani M.
Attached Image (click to enlarge)
Click to Enlarge Name: eg4h.gif Size: 31 KB
  • #130
  • Jun 13, 2008 5:32am Jun 13, 2008 5:32am
Quoting endroute
It looks like from the chart that you took a buy rather than a sell, the emas crossed down at the 8pm candle. You should only take trades at the top and the bottom of the COG and then always go in the opposite direction, I would not have taken this trade as a long or a short.
Looks valid to me. The candles closed below the green line and the EMA's crossed up so he went long...

Regards - Xaron
  • #131
  • Jun 13, 2008 6:03am Jun 13, 2008 6:03am
Will check out COG this weekend with this system. Awhile back I had tried using it, but had found it to be non-tradeable.
  • #132
  • Jun 13, 2008 6:06am Jun 13, 2008 6:06am
Quoting Xaron
Looks valid to me. The candles closed below the green line and the EMA's crossed up so he went long...

Regards - Xaron
Agreed, if trading according to post #1 rules....confusion reigns.
  • #133
  • Jun 13, 2008 6:27am Jun 13, 2008 6:27am
Quoting waltini1
Hi mogul4x,

Firstly it is an EA not an indicator, and yes it has an audible alert and a box will pop up on your screen and tell you what is happening.

It can be used to take trades and/or as an alarm.

Yes. Installed as EA. Havent seen nor heard alert yet. Installed yesterday. When is the alert suppose to occur?

thx
  • #134
  • Jun 13, 2008 7:20am Jun 13, 2008 7:20am
I'm not a big indicator trader, but I admit this is rather interesting. I set up a page of pairs with the COG and watched for the past couple days. It seems like most of the time the green boundaries repell price with no close above. I'm curious if you've had any setups Wed, Thur because I saw no closes above or below.

Thanks for Sharing
  • #135
  • Jun 13, 2008 7:33am Jun 13, 2008 7:33am
Quoting dan_mir
Hi friends,
Lets start posting trades we take based on the system rules. This way we can all learn from each other, as a picture is batter then a 1000 written words.
I'll start with a losing long trade I took a few hours ago on EurGbp 4H chart.
If you have comments, please post them.
Thanks,
Dani M.
Dan_Mir

You did well despite this being a small loss, you followed the rules of the system, the previous 2 EMA crosses would have bagged you about a 16% equity gain if you had taken them.

Forex is all about losing, the key to it is maximising the gain when you win. If you have a risk/reward ratio of 3:1 then you only need to win about 25% of your trades to be massively in profit. From what Ive seen this simple set of rules is right more than it is wrong...

If you have the discipline to follow the system rules you will be massively ahead over the long term. If you fall into holy grail syndrome then money will leak from your account as you add filter upon filter and move away from a robust and easily traded (thus repeatable) method.

Nice work!

cheers

Crom
  • #136
  • Jun 13, 2008 8:11am Jun 13, 2008 8:11am
Well said, Crom. I agree 100%. No system is perfect. This one seems to win much more than it loses. Given that and the fact that the wins are usually much bigger than the losses, trading the plan with discipline is all that is necessary.

I just finished my own EA (it seems the thing to do on this thread!), and it has some nice features, I think:

• Opens AND closes trades automatically
• Option to use SL and TP or not (off by default)
• Can set how many bars back the price could have closed above/below COG
• Can set how far back into the COG area fast EMA can go and still have a valid trade signal
• Error checking
• Monitors orders -- limits system to one trade per EA instance and can still work with trades if EA has been shut down and restarted.
• Will probably add alarm/email options this weekend

I tested it on the 5M TF last night just so I could make sure it worked like it was supposed to. It didn't have very good results on that TF since it was using the green COG lines (though it did usually go into profit before closing at a loss). I'm going to test it on the 1H next week. If it works decent, I will post it.

Scott






Quoting Crom!
Dan_Mir

You did well despite this being a small loss, you followed the rules of the system, the previous 2 EMA crosses would have bagged you about a 16% equity gain if you had taken them.

Forex is all about losing, the key to it is maximising the gain when you win. If you have a risk/reward ratio of 3:1 then you only need to win about 25% of your trades to be massively in profit. From what Ive seen this simple set of rules is right more than it is wrong...

If you have the discipline to follow the system rules you will be massively ahead over the long term. If you fall into holy grail syndrome then money will leak from your account as you add filter upon filter and move away from a robust and easily traded (thus repeatable) method.

Nice work!

cheers

Crom
Prices are never too high to begin buying or too low to begin selling.
  • #137
  • Edited 10:13am Jun 13, 2008 9:01am | Edited 10:13am
Hi waltini1,
I'm running your EA V2 for testing on a real account with small lot fractions.
Any idea why didn't it triggered a trade in the attached picture ?
Dani M.
Attached Image (click to enlarge)
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  • #138
  • Jun 13, 2008 9:07am Jun 13, 2008 9:07am
Dani, you must be thinking of someone else's EA as I have not posted mine yet.

Cheers,
Scott

Quoting dan_mir
Hi Scott,
I'm running your EA V2 for testing on a real account with small lot fractions.
Any idea why didn't it triggered a trade in the attached picture ?
Dani M.
Prices are never too high to begin buying or too low to begin selling.
  • #139
  • Jun 13, 2008 10:05am Jun 13, 2008 10:05am
Quoting dan_mir
Hi Scott,
I'm running your EA V2 for testing on a real account with small lot fractions.
Any idea why didn't it triggered a trade in the attached picture ?
Dani M.
Tried the same EA does not work.
  • #140
  • Jun 13, 2008 10:21am Jun 13, 2008 10:21am
Friends,
The week comes to an end for me.
I will attach a series of the same charts endroute trades, with all the possible trades. As you can see, some pairs gave very good results, while others were awful. The popular GbpJpy was un-tradeable this week.
Thanks all for your posts,
Dani M
Attached Image(s) (click to enlarge)
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