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The art of Trading MAs

  • #201
  • Jun 17, 2008 5:20am Jun 17, 2008 5:20am
Dear Endroute and Thread,

No replies about COG in eSignal and I can't find it either. That being said, could one use Bollinger Bands or some other band indicator as a replacement for the COG? If so, which band indicator and which settings. Would appreciate the heads-up here. Thanks very much and sorry for any bother by anyone.

Lenoxer
  • #202
  • Jun 17, 2008 5:22am Jun 17, 2008 5:22am
Are we supposed to change the settings as pointed out on another post?

GBP/USD looks really scewed right now on COG

thanks
RWX
  • #203
  • Jun 17, 2008 5:23am Jun 17, 2008 5:23am
Hi endroute,

your system looks like very promising. About the ema cross, you enter the trade just on cross or you wait candle close to confirm the cross?

Thanks,
Luca
  • #204
  • Jun 17, 2008 5:28am Jun 17, 2008 5:28am
Quoting Lenoxer
Dear Endroute and Thread,
No replies about COG in eSignal and I can't find it either. That being said, could one use Bollinger Bands or some other band indicator as a replacement for the COG? If so, which band indicator and which settings. Would appreciate the heads-up here. Thanks very much and sorry for any bother by anyone.
Lenoxer
Lenoxer,
you have two options as I see it:
1. Use a MT4 demo for getting the signals, and place your trades manually on eSignal. I know some people doing it with many systems facing your problem.
2. If you have programing abilities, the source code for COG can be found in the paper clip of this thread. Take it & convert it to eSignal. The math is simple.
BR
Dani M.
  • #205
  • Jun 17, 2008 6:59am Jun 17, 2008 6:59am
Dear Dani M.,

Thanks very much. How do I access that code? I have a programmer who can do it for esignal for me.

Thanks again,

Lenoxer
  • #206
  • Jun 17, 2008 7:14am Jun 17, 2008 7:14am
Quoting Lenoxer
Dear Dani M.,

Thanks very much. How do I access that code? I have a programmer who can do it for esignal for me.

Thanks again,

Lenoxer
There you are - good luck
Dani M.
Attached File(s)
File Type: mq4 Center of Gravity.mq4   5 KB | 562 downloads
  • #207
  • Jun 17, 2008 7:17am Jun 17, 2008 7:17am
OK, so usd/chf has closed above COG boundary. Data is coming however.
  • #208
  • Edited 7:23am Jun 17, 2008 7:22am | Edited 7:23am
The image on first post shows something else than that of indicator. Can any one explain how can I set the setting shown in first post on first page?
  • #209
  • Jun 17, 2008 7:45am Jun 17, 2008 7:45am
Dani, yes, the candle needs to close.

Scott

Quoting dan_mir
hi,
Please correct me if I'm wrong -
1. The rules of the system requires to wait for the candle to close before getting in.
2. Both of the published EA's (maltini1 & endroute), I saw trades being triggered way before the candle ended, causing unwanted trades.
I have a current example of a buy trade on EU 1H triggered at 09:40 (ODL - GMT). It could be a winner, but the schedule is wrong.
What do you think?
BR
Dani M.
Prices are never too high to begin buying or too low to begin selling.
  • #210
  • Jun 17, 2008 7:46am Jun 17, 2008 7:46am
Wait for candle close, Luca.

Scott

Quoting ldinatale
Hi endroute,

your system looks like very promising. About the ema cross, you enter the trade just on cross or you wait candle close to confirm the cross?

Thanks,
Luca
Prices are never too high to begin buying or too low to begin selling.
  • #211
  • Jun 17, 2008 7:57am Jun 17, 2008 7:57am
Well, this trade didn't end up too great. After being up around 50 pips initially, I ended up losing 54 (that includes the spread). I am still wondering if a trailing stop is a good thing to implement. I would have gotten out with at least a few positive pips.

My EA also took a long GBPJPY trade in the middle of the night here (7:00 GMT) which immediately reversed and nailed me for 42 pips. Looking at that chart now, I can't see how the prices could have been below the lower green COG line, but I know this thing does repaint a lot, and my EA is under strict orders not to take long trades unless that condition occurs.

The EA just opened a third trade on EURCHF which is still going and is currently in profit by about 20 pips. Will keep you posted.

You taken any trades yet, endroute?

Scott


Quoting thehenryfam
Guys,

We just got a valid signal (I believe) on the EURCAD pair. Correct me if I am wrong, endroute. I just bought it, so we'll see how the trade goes. I've attached the chart at the time of entry.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #212
  • Jun 17, 2008 8:10am Jun 17, 2008 8:10am
dear traders...look at EUR/USD i wonder is it good set up for buy if EMA cross in 1H Tf... need opinion..
  • #213
  • Jun 17, 2008 8:13am Jun 17, 2008 8:13am
Quoting thehenryfam

The EA just opened a third trade on EURCHF which is still going and is currently in profit by about 20 pips. Will keep you posted.

You taken any trades yet, endroute?

Scott
Scott,
What EA do you use ?
Dani M.
  • #214
  • Jun 17, 2008 8:19am Jun 17, 2008 8:19am
Quoting Roselyn
dear traders...look at EUR/USD i wonder is it good set up for buy if EMA cross in 1H Tf... need opinion..
endroute... thanks for sharing this system... need your opinion please... thanks...
  • #215
  • Jun 17, 2008 8:20am Jun 17, 2008 8:20am
Quoting thehenryfam
Well, this trade didn't end up too great. After being up around 50 pips initially, I ended up losing 54 (that includes the spread). I am still wondering if a trailing stop is a good thing to implement. I would have gotten out with at least a few positive pips.

My EA also took a long GBPJPY trade in the middle of the night here (7:00 GMT) which immediately reversed and nailed me for 42 pips. Looking at that chart now, I can't see how the prices could have been below the lower green COG line, but I know this thing does repaint a lot, and my EA is under strict orders not to take long trades unless that condition occurs.

The EA just opened a third trade on EURCHF which is still going and is currently in profit by about 20 pips. Will keep you posted.

You taken any trades yet, endroute?

Scott
I got nailed by the gbpjpy trade too, my ea took it too, I did not catch the eurchf trade. The past few days have been crappy trading conditions.
  • #216
  • Jun 17, 2008 9:11am Jun 17, 2008 9:11am
Quoting endroute
I got nailed by the gbpjpy trade too, my ea took it too, I did not catch the eurchf trade. The past few days have been crappy trading conditions.
Drop in GBP, due to the news from BOE on inflation....
Luckily I did not trade....
  • #217
  • Jun 17, 2008 9:28am Jun 17, 2008 9:28am
Dani, I use one that I created last week. It is still a work in progress, but the basics seem to work well. It opens and closes trades without issue.

Scott

Quoting dan_mir
Scott,
What EA do you use ?
Dani M.
Prices are never too high to begin buying or too low to begin selling.
  • #218
  • Jun 17, 2008 9:30am Jun 17, 2008 9:30am
Maybe we need to build in a filter to avoid taking trades and/or placing protective stops around news times for various currencies.

Scott

Quoting endroute
I got nailed by the gbpjpy trade too, my ea took it too, I did not catch the eurchf trade. The past few days have been crappy trading conditions.
Prices are never too high to begin buying or too low to begin selling.
  • #219
  • Jun 17, 2008 9:36am Jun 17, 2008 9:36am
Roselyn:

Yes, this is a good setup. Wait for candle to close after cross, though.

Scott

Quoting Roselyn
dear traders...look at EUR/USD i wonder is it good set up for buy if EMA cross in 1H Tf... need opinion..
Prices are never too high to begin buying or too low to begin selling.
  • #220
  • Jun 17, 2008 9:38am Jun 17, 2008 9:38am
Hi theHenryfam!

Thanks for replying, just got it done.

Now, am facing another problem. When insert the EMAs 5 and 8, they show up only on the lower time frames, and total blank on the H1, H4 charts. Thot am supposted to have to go back down to lower time frames to check but ob checking the charts shown on this thread it is not so. How do I go about it?

Happy Pipping one and all.
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