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Is This The Best MA Cross?

  • #21
  • Jun 30, 2008 5:36pm Jun 30, 2008 5:36pm
I put the 2x5 and 1x5 on separate charts and compared them side by side. The difference is subtle but, like nanningbob said, the 1x is a bit quicker. The 7 period lwma's seem appropriate for both but without testing it's difficult to know for sure.

I'm not a big fan of MA crosses but this one is interesting. I'm testing now on USD/JPY using the AO filter. First two trades ended in positive territory.
  • #22
  • Jun 30, 2008 5:46pm Jun 30, 2008 5:46pm
all of my trading systems are based around MA crosses. the ones i have found to work the best are fast EMAs crossing slow SMAs. like a twenty EMA crossing a 100 SMA. also, for scalping or short term trades, try a one to two ratio like a 10 period SMA crossing a 20 period SMA. works pretty well.
  • #23
  • Jul 1, 2008 12:40am Jul 1, 2008 12:40am
Quoting tommyd
Nice approach nanningbob, amazing how when something is so simple it surprises you. I like that when it happens.
One question, on the 1x5 are you still using the 7 period lwma's?
They look fine just checking.....
The 1x5 is my warning the 7 Periods MA are my visual trend lines. I was taught trendline trading early in my career and have never found a good trendline break warning system. This is what I came up with. If I get the warning right by those two lines and price breaks the trendline I feel I have a good trade if I follow the 1H 4H trends. I have read many posts about the repainting problem and this was the best solution I have for it. Early warning that gets you to see what you really want too see. I want to see the trendline break. I was tired of seeing them too late. My success rate has gone up with this. Also, I have a definite out if the trade does not go my way.

There was a professional trader who used to let you watch him online for free for a while (he was trying to sell his services so you got to watch for a couple of days for nothing). He never let a trade go against him for more than 10 points and most of the time it was 6-8. He was a trendline trader, when the trend broke he went with the trade. If it went back above the trendline he was out. He consistantly pulled 20-40 points most days and had many 100+ days. I leaned a lot watching him. He found the market direction for the day and he would only trade in that one direction. So this is simple method of what he did. I like it because I can trade anytime day or night as long as I know what news stories are around.
  • #24
  • Jul 1, 2008 12:49am Jul 1, 2008 12:49am
The 7 MAs (and you can use other numbers if you wish) are based on the open and close, So when price changes directions the lines will immediately flip directions with it. I like using the 7 because it gives me the smoothest lines to form a trendline. I actually dont wait for a cross I wait for price to break one or both lines. If you want more info on trendline trading study Tom Demarks web page, he is one of the experts in the field.
  • #25
  • Jul 2, 2008 1:48am Jul 2, 2008 1:48am
Quoting nanningbob
The 1x5 is my warning the 7 Periods MA are my visual trend lines. I was taught trendline trading early in my career and have never found a good trendline break warning system. This is what I came up with. If I get the warning right by those two lines and price breaks the trendline I feel I have a good trade if I follow the 1H 4H trends. I have read many posts about the repainting problem and this was the best solution I have for it. Early warning that gets you to see what you really want too see. I want to see the trendline break. I was tired of seeing them too late. My success rate has gone up with this. Also, I have a definite out if the trade does not go my way.

There was a professional trader who used to let you watch him online for free for a while (he was trying to sell his services so you got to watch for a couple of days for nothing). He never let a trade go against him for more than 10 points and most of the time it was 6-8. He was a trendline trader, when the trend broke he went with the trade. If it went back above the trendline he was out. He consistantly pulled 20-40 points most days and had many 100+ days. I leaned a lot watching him. He found the market direction for the day and he would only trade in that one direction. So this is simple method of what he did. I like it because I can trade anytime day or night as long as I know what news stories are around.
Hi Nanningbob thanks for putting the systerm up.Could you please tell us how long you have been trading the systerm for, what pairs do you use it on? and are you getting 20-40 pips per day.

With Thanks
David
  • #26
  • Edited 5:48am Jul 2, 2008 2:58am | Edited 5:48am
I have been practicing this for about a month and I am teaching a friend to use this on a demo. I feel comfortable with it now to start using it live. My friend has done enough winning trades that I am satisfied it does well. Because of my job I can only do 1 or 2 trades a day and I have been taking 5-15 point profits. So I can be honest in saying right now I have been doing 10-20 pips a day. I do have some break even days on the books and a couple of losing days. I am an administrator of a school so my time is very limited for trading. I turn it on to see which currency fits my profile and then when I get a warning I set my trade. I then put a stop loss and a take profit and go back to work. I check it every 1/2 hour and I either hit my TP or I am at a stop loss. I am off now for July and 1 week in August and I am going to devote several hours a day to this. So I will post my results as I get them. Wish I could trade FT but PT is all I can do for now. I have been trading for 2 1/2 years and have tried several different things because I cant sit at a computer to trade, I need something that is a fairly quick read and then trade. I believe this system fits my trading style and life style. So no I have not used this specific system for long but I have been doing the 1H 4H trend following for over a year. This is a refinement of my experiences for the past year. I hope this honestly answers your question.
  • #27
  • Jul 2, 2008 8:52am Jul 2, 2008 8:52am
lookin nice!!
  • #28
  • Jul 2, 2008 9:28am Jul 2, 2008 9:28am
Here is the non repainting of the indicator.
Attached File(s)
File Type: mq4 1x5 warning systemNoReDraw.mq4   3 KB | 6,015 downloads
Why do people only post a nice trending period chart?
  • #29
  • Jul 2, 2008 10:19am Jul 2, 2008 10:19am
Quoting yuhu
Here is the non repainting of the indicator.
Thanks for the adjustment but it just moved the arrow over 1 bar.
  • #30
  • Jul 2, 2008 11:08am Jul 2, 2008 11:08am
Quoting nanningbob
Thanks for the adjustment but it just moved the arrow over 1 bar.

Yes, it is late by 1 bar, but once the arrow is drawn, it will not disappear.
Why do people only post a nice trending period chart?
  • #31
  • Jul 2, 2008 11:09pm Jul 2, 2008 11:09pm
Thanks for such a beautiful and simple system!

When you say wait for price to break one or both lines do you wait for the candle to close before you buy or sell?



Quoting nanningbob
The 7 MAs (and you can use other numbers if you wish) are based on the open and close, So when price changes directions the lines will immediately flip directions with it. I like using the 7 because it gives me the smoothest lines to form a trendline. I actually dont wait for a cross I wait for price to break one or both lines. If you want more info on trendline trading study Tom Demarks web page, he is one of the experts in the field.
  • #32
  • Jul 3, 2008 1:30am Jul 3, 2008 1:30am
Thank you for your compliment. No I enter with the trend break I don't wait for the candle to close, sometimes the candle can go 10 points and you have lost the trade. Yesterday I did nine trades and was 5-4, up 13 pips for the day. I did 6 eur/usd, 3 gbp/usd, and one very shaky chf/usd. I kick my self because 2 trades were in profit and I decided to let them run and then they went and hit my stop loss. If I had closed them at 0 I would have been up 33 pips. If I had closed them in any kind of profit I would have been closer to 40. I violated one of my own rules and that is: Once a trade makes a profit, never take a loss on it. I was going for 15 points and I should have taken the 5 and I would have had a real nice day. But still I made a small profit.
  • #33
  • Jul 3, 2008 3:06am Jul 3, 2008 3:06am
Hello do you think you could post the template view you use too. Thank you.
  • #34
  • Jul 3, 2008 3:18am Jul 3, 2008 3:18am
Quoting nanningbob
Thank you for your compliment. No I enter with the trend break I don't wait for the candle to close, sometimes the candle can go 10 points and you have lost the trade. Yesterday I did nine trades and was 5-4, up 13 pips for the day. I did 6 eur/usd, 3 gbp/usd, and one very shaky chf/usd. I kick my self because 2 trades were in profit and I decided to let them run and then they went and hit my stop loss. If I had closed them at 0 I would have been up 33 pips. If I had closed them in any kind of profit I would have been closer to 40. I violated one of my own rules and that is: Once a trade makes a profit, never take a loss on it. I was going for 15 points and I should have taken the 5 and I would have had a real nice day. But still I made a small profit.
I understand, so I will not wait for the candle.

Yes, important but difficult to stick to the rules, even one's own.....

Sent you a PM as in one way we are neighbors.
  • #35
  • Jul 3, 2008 5:26am Jul 3, 2008 5:26am
hi,
personally i love simplicity.To what art59 said about template,yes maybe there should be a detail write up about the system on page one with optional/ additional write up by others. So that a newbies coming in will know what the system is all about. Just my one cent stuff. Thanks with regards to those that have contributed, God bless.
Alnames.
  • #36
  • Jul 3, 2008 9:52am Jul 3, 2008 9:52am
Quoting art59
Hello do you think you could post the template view you use too. Thank you.
Ok this is my most simple template, sometimes I add a stochastic to check overbought and oversold and sometimes I add pivot points to determine my take profits if I have to leave. But this is just the template in its most simple form.
Attached File(s)
File Type: tpl 7x7 simple warning.tpl   2 KB | 2,392 downloads
  • #37
  • Jul 3, 2008 9:57am Jul 3, 2008 9:57am
I took this trade and then posted the screen USD/JPY it looked good.
Attached Image (click to enlarge)
Click to Enlarge Name: 7x7 pic trade i took.gif Size: 14 KB
  • #38
  • Edited 10:21am Jul 3, 2008 10:04am | Edited 10:21am
Here is the second template I use with pivot points and sto. I added the pivot point indicator if you want to use it also.
Attached Image (click to enlarge)
Click to Enlarge Name: pic two with pivot and sto same trade.gif Size: 18 KB
Attached File(s)
File Type: mq4 PB_autopivots.mq4   20 KB | 2,606 downloads
  • #39
  • Edited 10:29am Jul 3, 2008 10:08am | Edited 10:29am
The last frame had the pic and pivot points indicator. This is the template to the second pict. I use 2 sto and the signal line of MACD. If blue and white cross and agrees with arrow enter. When blue crosses back over the white or Gold exit. When white is above gold uptrend. When white is below gold downtrend. Hope this helps and doesnt overcomplicate things.

I took only 3 trades today because I was busy with contracts and a new building for my school. 2 winners 1 loser for 5 point profit.
Attached File(s)
File Type: tpl 7x7 shadow with warning.tpl   5 KB | 1,957 downloads
  • #40
  • Edited 10:31am Jul 3, 2008 10:21am | Edited 10:31am
Below are the views of the usd/jpy I have now. I'm thinking of buying jpy at 106.85 or maybe at 106.95

Is this a valid trade according to the rules?

Or am I too late and missed the trade.

The down arrow on the 5 min is concerning or does this happen due to retracement and we just wait for price to rise again?
Attached Images
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