Okay guys here is the system for long term. The second part for making profit from small move will be posted this weekend.
Please let me know you comments about this system and results.
I've been searching and testing and searching and testing for months now for an EA that can simply trade the slope direction line indicator properly! I've found over 10 EA's of this nature but NONE work properly. Does anyone know of one? Thanks in advance!
You may want to look at the thread by Trader Geek
Slope Trade ADX. His EA v3a is very good.
The only problem is, when the EA closes the trade,
You will have to re-activate it.
To my knowledge there are no bugs.
You may want to look at the thread by Trader Geek
Slope Trade ADX. His EA v3a is very good.
The only problem is, when the EA closes the trade,
You will have to re-activate it.
To my knowledge there are no bugs.
Good luck
Ignored
Where this thread? i can´t found it on FF.
thanks a lot.
I trade a variant of the Slope System, using four HMA indicators, one extra long term, one long term, one medium term, and the other short term. The numbers aren't that important, I find, so long as once established, they're never changed. I look for a trade when the extra long, long and medium term indicators are all pointing in the same direction but the short term indicater is pointing in the opposite direction. I then try and time a trade to coincide or even precede the short term line turning in the same direction as the other three lines. If I haven't entered by the time the short term line has turned, I skip the trade.
What would help me a lot is an alarm that could send me an email (or better, an SMS) whenever the extra long, long and medium term lines are pointing in the same direction. This doesn't happen that often, and as I use 1 minute charts, I'd rather not have to sit around waiting; but second guessing when it's likely to happen, I often miss opportunities.
I trade a variant of the Slope System, using four HMA indicators, one extra long term, one long term, one medium term, and the other short term. The numbers aren't that important, I find, so long as once established, they're never changed. I look for a trade when the extra long, long and medium term indicators are all pointing in the same direction but the short term indicater is pointing in the opposite direction. I then try and time a trade to coincide or even precede the short term line turning in the same direction as the other three lines....
Ignored
Hey dod can you post your template and de indis to see it.
thanks a lot.
It's still a 'work in progress'. For example, let's say you want to trade a particular timeframe. You put the 80HMA, as suggested by EMATrader on it, and then you add an 80HMA from two higher time frames. If you trade 15 min then you would add 240HMA (80x4 because there are 4 fifteen minutes in an hour) and 640HMA (80x8 periods of fifteen minutes in four hours). Then, I would add a shorter HMA, say a 15 or 20, also.
Only take trades when the three bigger HMAs are running together; but rather than wait for the smaller HMA to run with them too, try and trade the break of that HMA, just before it turns.
I actually do this on 1 min charts, slightly differently, with a 1200HMA, 300HMA, 75HMA, and 15HMA. I'm not sure how I figured out these numbers!
After the 1200HMA turns (this is also a 1 hour 20HMA turn: 20x60=1200) I wait for the 75HMA to turn against the 1200HMA and then (so long as the 75 is above the 1200 for longs and below the 1200 for shorts, I enter when price breaks the 75HMA line. The break is the key - I sometimes wait for it to poke through, drop back, and go through again ... this is subjective!
The 15HMA and 300HMA are redundant in this model; but the same principle applies to turns in the 300 and breaks of the 15.
It's still a 'work in progress'. For example, let's say you want to trade a particular timeframe. You put the 80HMA, as suggested by EMATrader on it, and then you add an 80HMA from two higher time frames. If you trade 15 min then you would add 240HMA (80x4 because there are 4 fifteen minutes in an hour) and 640HMA (80x8 periods of fifteen minutes in four hours). Then, I would add a shorter HMA, say a 15 or 20, also.
Only take trades when the three bigger HMAs are running together; but rather than wait for the smaller (fourth?)HMA...
Ignored
Actually a chart would still help! For your 1min TF, please.
Here are a couple of charts. One shows the 1200, 300, 75, and 15. The other shows the 1200 and 75, with nearby HMAs to make ribbons. At present, using this approach, I trade the first cross of the 75 after the first 1200 turn during the London market (this shows as the green line below). I've put an arrow indicating the trade. One trade a day, that's all.
There's loads of different ways you could trade this, though, like the 15 cross after the 300 turn. For me, the crux is going against the smaller HMA, entering when price makes its move, rather than with the HMA, by which time the move is often over.
I just finished reading this thread and the system suggested by ematrader seems very profitable. The only thing that bugs me is the repainting issue. Other posts on other forums are evoquing that possibility for HMA and it hasn't been discussed thoroughly here.
In any case, I enclosed a (supposedly) non repainting HMA indicator I found somewhere.
Also, playing with different indicators, I found that PSAR (0.11, 0.1) is giving signals similar or close to HMA (20, 3) (see picture) so it could be uesd in place of the latter in ematrader's system. It sure won't repaint after the close of candles.
