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The art of Trading MAs

  • #221
  • Jun 17, 2008 9:38am Jun 17, 2008 9:38am
Is there a trade on EUR/USD. A long one.
  • #222
  • Jun 17, 2008 10:01am Jun 17, 2008 10:01am
Not quite yet. At the last 1H candle close, the 5 was still a hair under the 13.

Scott

Quoting dragonk100
Is there a trade on EUR/USD. A long one.
Prices are never too high to begin buying or too low to begin selling.
  • #223
  • Jun 17, 2008 10:12am Jun 17, 2008 10:12am
Quoting thehenryfam
Roselyn:

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

Scott
thanks for reply.. did you take any trade today..
  • #224
  • Jun 17, 2008 10:18am Jun 17, 2008 10:18am
Yes. My EA took a GBP/JPY trade about 3AM ET but it immediately reversed because of some inflation news from the Bank of England (-42 pips there). I also am in a EUR/CHF trade right now that is profitable (currently up about 30). My EA took that one at 6AM ET.

There are several other trades setting up right now...

Scott

Quoting Roselyn
thanks for reply.. did you take any trade today..
Prices are never too high to begin buying or too low to begin selling.
  • #225
  • Jun 17, 2008 10:45am Jun 17, 2008 10:45am
Quoting thehenryfam
Yes. My EA took a GBP/JPY trade about 3AM ET but it immediately reversed because of some inflation news from the Bank of England (-42 pips there). I also am in a EUR/CHF trade right now that is profitable (currently up about 30). My EA took that one at 6AM ET.

There are several other trades setting up right now...

Scott
Looks like the EU is crossing up right now... Wait for the candle to close....
Ready to buy....
  • #226
  • Jun 17, 2008 10:54am Jun 17, 2008 10:54am
Hi,

Me again, solved the MA problem. Thanks.


Happy Pipping to all.
  • #227
  • Jun 17, 2008 10:54am Jun 17, 2008 10:54am
Hi,

Me again, solved the MA problem. Thanks.


Happy Pipping to all.
  • #228
  • Edited 11:45am Jun 17, 2008 11:01am | Edited 11:45am
Yep, both EURUSD and AUDUSD just triggered BUYS on the 1H.

Scott

Quoting atuque1
Looks like the EU is crossing up right now... Wait for the candle to close....
Ready to buy....
Prices are never too high to begin buying or too low to begin selling.
  • #229
  • Jun 17, 2008 11:01am Jun 17, 2008 11:01am
BP,

You do know the EMAs are 5 & 13 not 5 & 8, right?

Scott


Quoting Blessed Pips
Hi,

Me again, solved the MA problem. Thanks.


Happy Pipping to all.
Prices are never too high to begin buying or too low to begin selling.
  • #230
  • Jun 17, 2008 11:09am Jun 17, 2008 11:09am
Here I put my trade on EU (setup spotted on).
Attached on trading time.

Good Luck Guys....

-ATUQUE-
Attached Image (click to enlarge)
Click to Enlarge Name: EU 1 Hr (17June08).PNG Size: 45 KB
  • #231
  • Jun 17, 2008 11:43am Jun 17, 2008 11:43am
Great thread!

I was trying to stick to the higher time frames but this one looks to good to pass up!

we'll see.
Attached Image
  • #232
  • Jun 17, 2008 11:46am Jun 17, 2008 11:46am
maybe not!
Attached Image
  • #233
  • Jun 17, 2008 12:03pm Jun 17, 2008 12:03pm
This system really looks good, but im little worried i must confess about the repainting i have bad experience from other repainting indicators first u have a go a buy signal then a little later it repaints and the signal u had before does not exist. Haven`t any of you had this problem yet ? also what is a good stopploss for 1h tinme frame ?


best regards and thanks for a great system
  • #234
  • Jun 17, 2008 12:27pm Jun 17, 2008 12:27pm
Greetings.

1) Yes, repainting occurs, and I have experienced it. I think endroute's response to that has been that it doesn't really matter so much. The COG is used to get you into the trade at a good point. From that point on it doesn't really matter a whole lot what the COG does (though he does suggest considering an exit if price hits the opposite band). I can vouch for this approach. I have entered trades where the COG almost immediately repainted against me, but the trade went in my favor (at least for a while).

2) Endroute (the system's author) doesn't use a stoploss but closes at the reverse EMA cross. Early on I have experienced that this doesn't work great when the price is ranging. So I have just added a trailing stoploss of 30 points to my EA. So we'll see how that works out.

Good trading,

Scott

Quoting jgadefelth
This system really looks good, but im little worried i must confess about the repainting i have bad experience from other repainting indicators first u have a go a buy signal then a little later it repaints and the signal u had before does not exist. Haven`t any of you had this problem yet ? also what is a good stopploss for 1h tinme frame ?


best regards and thanks for a great system
Prices are never too high to begin buying or too low to begin selling.
  • #235
  • Jun 17, 2008 12:36pm Jun 17, 2008 12:36pm
Thanks. If i understand u right we just take the trade when the criteria in th first post described ocurs then if we little later look on cog and see that there is no buy signal anymore because it has change do to the repainting we ignore that because we have already got a signal and are in?


the stopplos i was more thinking of a stopploss if the trade goes against us or move in the oposite direction ?


best regards.
  • #236
  • Jun 17, 2008 12:43pm Jun 17, 2008 12:43pm
Quoting jgadefelth
Thanks. If i understand u right we just take the trade when the criteria in th first post described ocurs then if we little later look on cog and see that there is no buy signal anymore because it has change do to the repainting we ignore that because we have already got a signal and are in?
Exactly.

Quoting jgadefelth
the stopplos i was more thinking of a stopploss if the trade goes against us or move in the oposite direction ?


best regards.
Just do whatever you are comfortable with. I use 30 pips because I like to give it enough room to breath.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #237
  • Edited 1:18pm Jun 17, 2008 12:52pm | Edited 1:18pm
Quoting thehenryfam
Greetings.
2) Endroute (the system's author) doesn't use a stoploss but closes at the reverse EMA cross. Early on I have experienced that this doesn't work great when the price is ranging. So I have just added a trailing stoploss of 30 points to my EA. So we'll see how that works out.
Good trading,
Scott
Scott,
I have to correct you. endroute does place SL. He wrote he uses 20 pip for all the pairs he trades, except for GJ where he uses 50. I add the spread to these numbers to be on the safe side. As for TP, he waits for the EMA to cross.
I agree with your first point. BTW, take a screen capture when you take the trade. That way, when you go over your trades at the end of the day, you can remember why did you take the trade. very easy in MT4.
BR
Dani M.
  • #238
  • Jun 17, 2008 1:09pm Jun 17, 2008 1:09pm
What does this EA do? Please explain or ref thread.

thx
  • #239
  • Jun 17, 2008 1:29pm Jun 17, 2008 1:29pm
Tanks for explain it to me i shall look moore into this it looks really nice shall look at in on the a few pair.


Best regards
  • #240
  • Jun 17, 2008 2:03pm Jun 17, 2008 2:03pm
Hi waltini1,
I switched back to V3.
I had too many bad trades, with V4 and endroute's EA as well.
So, in order to be on the safe side, I want the most restrictive version, which is V3.
Dani M
BTW, you didn't answer my mail.
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