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Attachments: EMA 25-50 Trading System (Detailed)
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EMA 25-50 Trading System (Detailed)

  • #1,761
  • Jun 12, 2008 8:49am Jun 12, 2008 8:49am
Quoting fireeee
Attachment we have something really messed up
Why is it messed up?
It looks fine to me - notice the meaning of the icons:

Green arrow - buy
Red arrow - sell
1 -4 in a circle - take profit on the n quarter of your trade
yellow x - the trade reached a stop loss but with remaining profit or BE
black x - the trade reached a stop loss with a loss
  • #1,762
  • Jun 12, 2008 8:50am Jun 12, 2008 8:50am
See the system with explenations here...

Quoting ronmatzkin
I have performed back testing for the indicator on USDJPY 1H chart from the 1st of May 2008 to the 4th of June 2008.

I have simulated starting each trade with four lots with a combined SL of 75 Pip and advancing my trades in 50 Pip increments as described in my previous posts.
The results are great:
Total of 1820 Pip profit (Combining all lots profits - a 4 TP trade would be 50 + 100 + 150 + 200 = 500 Pip).
An average Lot profit of 32.5 Pip (1820/ (14 trades X 4 lots)).
I have examined 14 trades in this time period - 11 successful or BE and 3 failed with less then 75 Pip loss (Combined max of 75 X 4 = 300).

The only thing I am not sure about is if automatic SL and TP would have worked the same.
The system only shows signals on Open of bars but if the Highs and Lows will be calculated in automatic trading maybe we will get different results.

Attached are captures of the entire period:
Attachment
Attachment
Attachment

Any comments?
  • #1,763
  • Jun 12, 2008 8:56am Jun 12, 2008 8:56am
v1.1 was pretty good. I will try to add a profit calculator.
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #1,764
  • Jun 12, 2008 9:05am Jun 12, 2008 9:05am
Attached Image (click to enlarge)
Click to Enlarge Name: ema25.gif Size: 43 KB

who knows...

Maybe we should enter opposite.
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #1,765
  • Jun 12, 2008 9:19am Jun 12, 2008 9:19am
If you would have followed the indicator's signals today you would get (With SL at 50 pip, TP at 50, 100, 150, 200 pip, EMA 25, Automatic mode):

USDJPY 1H, Buy signal at 6AM GMT - Take profit 1 was reached, SL is in BE.
GBPUSD 1H, Sell signal at 7AM GMT - Take profit 2 was reached, SL is at BE + 50 pip.
EURUSD
USDCHF 1H, Buy signal at 7AM GMT - Take profit 2 was reached, SL is at BE + 50 pip.
USDCAD 1H, Buy signal at 7AM GMT - Take profit 1 was reached, SL is in BE.
NZDUSD 1H, Sell signal at 3AM GMT - Take profit 1 was reached, SL is in BE.
EURGBP 1H, Sell signal at 4AM GMT - No Sl or TP - currently loosing 15 pip per portion with 4 portion: -60 pip.

Just test it out yourself - I am new to this indicator thing so I am really surprised by the results.

If you would like to get status for any other currency pair please let me know.
  • #1,766
  • Jun 12, 2008 9:21am Jun 12, 2008 9:21am
Quoting fireeee
Attachment
who knows...

Maybe we should enter opposite.
Did you write a calculation method or used mine (Mine is in very early stages of construction so I wouldn't count on the results its giving).

P.S. You can clearly see that most trades are winning (golden X) so dont count on the calculation...
And also - with default setting the system will not work well on a 4H chart - please make sure that you are working on a 1H chart and paper test it rather than using the bad calculator

EVERYBODY PLEASE NOTICE - the profit calculator is under construction I will let you know when it is ready.
I have made the Microsoft sin - released a version in development stages
  • #1,767
  • Jun 13, 2008 12:10am Jun 13, 2008 12:10am
Quoting ronmatzkin
Well, going back to the display in a separate window is doable but not easy.
i might consider doing it once I finish with my current developments.

However, when using the indicator it is best to work with a clean chart - trust the indicator, it seems to be working.

From my expirience it seems that every time I add more logic I ruin the indicator's results...
Yeah.. clean chart. that's why i like signal bars below and then i work on the main window.. it makes me more confident on the trade if i see my lines all over the main window...
  • #1,768
  • Jun 13, 2008 8:09am Jun 13, 2008 8:09am
Hi,
I am new to the forum and I would like just to say thank you for a great job that everybody here has been doing. The tips and help have been extremely useful.
And also I like the system explained. I would like to ask if someone has kindly written an EA for this system, which I could test it on a demo platform, that would really really be great. Any ideas please if someone knows. I have seen indicators around the thread but no EAs so far. Has anyone been kind enough to write one? If so can someone please guide me to the right direction?
Thank you
xrunner
  • #1,769
  • Jun 13, 2008 2:05pm Jun 13, 2008 2:05pm
Hi, Ron. Below you say "EMA 25". I thought EMA 50 was the signal. Or did that change?

Thanks,
Scott

Quoting ronmatzkin
If you would have followed the indicator's signals today you would get (With SL at 50 pip, TP at 50, 100, 150, 200 pip, EMA 25, Automatic mode):

USDJPY 1H, Buy signal at 6AM GMT - Take profit 1 was reached, SL is in BE.
GBPUSD 1H, Sell signal at 7AM GMT - Take profit 2 was reached, SL is at BE + 50 pip.
EURUSD
USDCHF 1H, Buy signal at 7AM GMT - Take profit 2 was reached, SL is at BE + 50 pip.
USDCAD 1H, Buy signal at 7AM GMT - Take profit 1 was reached, SL is in BE.
NZDUSD 1H, Sell signal at 3AM GMT - Take profit 1 was reached, SL is in BE.
EURGBP 1H, Sell signal at 4AM GMT - No Sl or TP - currently loosing 15 pip per portion with 4 portion: -60 pip.

Just test it out yourself - I am new to this indicator thing so I am really surprised by the results.

If you would like to get status for any other currency pair please let me know.
Prices are never too high to begin buying or too low to begin selling.
  • #1,770
  • Jun 14, 2008 5:59am Jun 14, 2008 5:59am
Well the default EMA is 25 but it is configurable.
I decided on EMA 25 because it gave better results when I tested it.
If you would like to test EMA 50 just configure the indicator.

Quoting thehenryfam
Hi, Ron. Below you say "EMA 25". I thought EMA 50 was the signal. Or did that change?

Thanks,
Scott
  • #1,771
  • Jun 14, 2008 6:01am Jun 14, 2008 6:01am
I am working on an EA but it might take a while (day job constant pressure) - once it is ready I will let you know.

Quoting xrunner
Hi,
I am new to the forum and I would like just to say thank you for a great job that everybody here has been doing. The tips and help have been extremely useful.
And also I like the system explained. I would like to ask if someone has kindly written an EA for this system, which I could test it on a demo platform, that would really really be great. Any ideas please if someone knows. I have seen indicators around the thread but no EAs so far. Has anyone been kind enough to write one? If so can someone please guide me to the right direction?
Thank you
xrunner
  • #1,772
  • Jun 14, 2008 8:16am Jun 14, 2008 8:16am
Well, the only reason I asked was because the very first couple of posts of this thread (the original system) clearly stated the signal is the crossing of the EMA 50.

Thanks,
Scott

Quoting ronmatzkin
Well the default EMA is 25 but it is configurable.
I decided on EMA 25 because it gave better results when I tested it.
If you would like to test EMA 50 just configure the indicator.
Prices are never too high to begin buying or too low to begin selling.
  • #1,773
  • Jun 14, 2008 9:41am Jun 14, 2008 9:41am
anyone has floating positions ?
Twitter: @forexpokerpro
  • #1,774
  • Jun 15, 2008 4:02am Jun 15, 2008 4:02am
Quoting thehenryfam
Well, the only reason I asked was because the very first couple of posts of this thread (the original system) clearly stated the signal is the crossing of the EMA 50.

Thanks,
Scott
Yes, I am sorry - but the bottom line is that now you can choose any EMA that works for you
  • #1,775
  • Jun 15, 2008 5:06am Jun 15, 2008 5:06am
Quoting ronmatzkin
I am working on an EA but it might take a while (day job constant pressure) - once it is ready I will let you know.
thanks very much ronmatzkin, I will anxiously await the development of the EA. I will volunteer to test it quite eagerly, just let me know when you get around it.

thanks
  • #1,776
  • Jun 15, 2008 1:32pm Jun 15, 2008 1:32pm
No problem. Thanks for the response.

Scott


Quoting ronmatzkin
Yes, I am sorry - but the bottom line is that now you can choose any EMA that works for you
Prices are never too high to begin buying or too low to begin selling.
  • #1,777
  • Jun 20, 2008 11:44am Jun 20, 2008 11:44am
my 2 cents for a trade. i missed it, but classic if i understand effilangs sytem.

usd/jpy 15m tf around 0900. nice 70 pips on the short. could have added some on the bounces, easy 100 pip day.

comments welcome.
  • #1,778
  • Edited 7:19pm Jun 20, 2008 4:34pm | Edited 7:19pm
Thank you for your indicator, but I don't understand 1 point.
The only moment we have loss is with the black cross? There is no other way to get a loss with this system?
because imho it's not very clear how the "red-down" cross and the "green-up" cross work.

when the indicator draws a Green cross we have to buy, but when price drop and we don't get stopped by any black or golden cross and the indicator just shows us a red cross, what do we have to do? Stop and reverse?

This sounds like a lot of loss... =(
  • #1,779
  • Jun 22, 2008 1:00am Jun 22, 2008 1:00am
Quoting Corre
Thank you for your indicator, but I don't understand 1 point.
The only moment we have loss is with the black cross? There is no other way to get a loss with this system?
because imho it's not very clear how the "red-down" cross and the "green-up" cross work.

when the indicator draws a Green cross we have to buy, but when price drop and we don't get stopped by any black or golden cross and the indicator just shows us a red cross, what do we have to do? Stop and reverse?

This sounds like a lot of loss... =(
Yes, you lose when you get a black X or when you get a reverese signal.
  • #1,780
  • Edited 6:36am Jun 22, 2008 6:09am | Edited 6:36am
Hi effi.

My compliments to the chef on a fine recipe for successful trading.

Just a quick question on the M5 scalping. Though I missed the start of the current USDCAD H4 short trade, I've just noticed the short setup occur on the M5 chart as well.
Do you typically have BOTH short trades open simultaneously when this occurs ?

Conversely, I'm seeing a new short entry on USDJPY H4 and a potential long setup on the M5 chart. Do you sometimes have a short AND long trade simultaneously open on the same pair ?

BTW, I'm not really up to speed on adding the MT4 charts to illustrate the above...if I could be advised on how to do this it would be greatly appreciated...

rgs
mike
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