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The art of Trading MAs

  • #761
  • Edited 11:44pm Aug 16, 2008 10:16am | Edited 11:44pm
Quoting atuque1
Yesterday, I should stay away from the market... not much happenning on my trade (G/CHF), & very bad that I fall asleep with my trade still floating (on red -50), then the market ended....

Hope the day start on my favour (the worst case scenario, I will lose 50pips).
& I hope nobody followed my entry yesterday...
I need to filter more bad entries.

Does anyone have good idea?






---------------------After some back testing-----------------------

When COG is heading the same way (up for long/down for short), the chance of winning is better than other set ups (opposite direction and Flat).

Setting stop at the top/bottom of wave would be good one. (I'll only risk 3% of my capital, so lot size will vary)

I'm still working on Exit strategy. I'm using RSI (10) etc.


In the long run. I believe we'll be profitable. I'll forward test with my live account in the next week.

It won't be many chances to trade compared to the original method.


Give me suggestions.
Freedom of Time, Location and Money
  • #762
  • Aug 17, 2008 3:37am Aug 17, 2008 3:37am
Quoting atuque1
Yesterday, I should stay away from the market... not much happenning on my trade (G/CHF), & very bad that I fall asleep with my trade still floating (on red -50), then the market ended....

Hope the day start on my favour (the worst case scenario, I will lose 50pips).
& I hope nobody followed my entry yesterday...
You lost me. How can that be the worst case scenario? What prevents Gbp/Chf from gapping?

Cheers,

Pfeffer
  • #763
  • Aug 17, 2008 4:25am Aug 17, 2008 4:25am
Hey you guys check out EMA 7 or 8 open.
  • #764
  • Aug 17, 2008 6:01am Aug 17, 2008 6:01am
Quoting sf0d
Hey you guys check out EMA 7 or 8 open.
Care to elaborate Sf0d?
Time hides Nothing
  • #765
  • Aug 17, 2008 6:50am Aug 17, 2008 6:50am
Quoting CindyXXXX
Care to elaborate Sf0d?
It probably won't work live now that I think of, but I'll tell you.

I've only so far looked at shorts, so open u data window and when you get a sell signal. Look at the values, EMA 8 is more then 2 higher then EMA 13, sell.

I think after a little bit the MA will stop moving and you will be able to know where it is, but this does not require the COG indicator rules.

I'll post later(before open I promise) a indicator that allows you to put the type of EMA it is(close open) and it also allows you to pick the different types of arrows. What I'm getting to is if you have a EMA 8 open cross signal with EMA 5 close + you get the indicator having it for EMA 5 + 13 on the same spot there's the huge drop.
  • #766
  • Aug 17, 2008 10:38am Aug 17, 2008 10:38am
Hey sf0d

I'm not sure I completely understood what you were saying, but you have to realise that MA values cannot predict anything about anything - especially since they're lagging. The system here is built on two assumptions: One should place trades when the trend changes in the direction of the new trend as indicated by a particular MA cross, and you put the odds even more in your favour by taking trades in overbought/oversold conditions as indicated by the (here) COG indicator. You may try and filter and enhance and stipulate the relative values of other MAs and such, but you'd need a huge data material to investigate whether the crosses are better from sharp movements or from gentle roll-overs, which is what I suspect you're trying to determine with the differences in values between various MA settings you mention. I think you can enhance this system, but probably not from adding more of the same stuff. The philosophy is clear enough as it is now. However, I'd love to be proven wrong!




Cheers,

Pfeffer
  • #767
  • Aug 17, 2008 11:02am Aug 17, 2008 11:02am
I found this thread interesting since I trade an MA system, I don't use any other indicator, just a 7 period WMA and a 7 period SMA cross, as a rule I only trade the EUR/USD but lately I have been looking at other pairs that show promise.
There is a link to a spreadsheet in my journal if you are interested in the results of my system.
There is an error in the January sheet, I had an extra cell linked and it skewed the total..... January should read as 189 positive pips.
Same Whore .... Different Dress
  • #768
  • Aug 17, 2008 11:09am Aug 17, 2008 11:09am
The reasoning behind my system is that price has momentum, and I try to exploit that.
Same Whore .... Different Dress
  • #769
  • Aug 17, 2008 11:26am Aug 17, 2008 11:26am
i am new in these thread. i have some confusion. i should go long or short that candle which is after moving average crossover .Does it matter candle should thouch green line . Could anybody say by picture.
  • #770
  • Aug 17, 2008 11:28am Aug 17, 2008 11:28am
perhaps you could show a chart of what you are asking about......
Same Whore .... Different Dress
  • #771
  • Aug 18, 2008 12:39am Aug 18, 2008 12:39am
Impressive results in your journal John nice work
Time hides Nothing
  • #772
  • Aug 18, 2008 4:55am Aug 18, 2008 4:55am
I like the look of this thank you and have just downloaded Metatrader from ODL but still cannot find the COG? nor do I have it on any of my other trading software. I've downloaded the .exe. file but how do I import it to MetaTrader or is there a better way of doing this or running metaTrader.

Thanks,

Nigel Eyre.
  • #773
  • Aug 18, 2008 5:30am Aug 18, 2008 5:30am
nigel
right click on start (if you have windows) click on explore, scroll down to program files and click it, scroll to you metatrader platform, from there open experts, then indicators, install the exe file there. Close your platform, re-open it and it should work. Hope this helps
  • #774
  • Aug 18, 2008 7:48am Aug 18, 2008 7:48am
Hello All,

Gotta closed my GBP/CHF earlier (luckily) with -70pips...
And I didn't dare to go for Long on that pair this afternoon, even though the setup is there (because it is just crossing opposite the EMA50). The pair goes bullish all the way now... but I do not dare to go Long yet...

I went Short on EUR/USD... Setup for Sell was there...
Sell at price 1.4737 & 1.4730.

Good Luck...

T.A.Y.O.R.
Attached Image (click to enlarge)
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  • #775
  • Aug 18, 2008 8:22am Aug 18, 2008 8:22am
I went short also this morning on the eru/usd at 1.4706. It looks like the usd/jpy is setting up for a long now from what I see. Any comments?
  • #776
  • Aug 18, 2008 9:06am Aug 18, 2008 9:06am
Quoting CindyXXXX
Impressive results in your journal John nice work
(Elvis voice) Thank you, Thankyouverymuch
Same Whore .... Different Dress
  • #777
  • Aug 18, 2008 9:20am Aug 18, 2008 9:20am
Quoting atuque1
Hello All,

Gotta closed my GBP/CHF earlier (luckily) with -70pips...
And I didn't dare to go for Long on that pair this afternoon, even though the setup is there (because it is just crossing opposite the EMA50). The pair goes bullish all the way now... but I do not dare to go Long yet...

I went Short on EUR/USD... Setup for Sell was there...
Sell at price 1.4737 & 1.4730.

Good Luck...

T.A.Y.O.R.
I took gbpchf trade and made 23pips cog on 4h wasn't look too goodso I got out with smallprofits.

I'm trading on my iPhone my host comiter crashed so I haven't been able to short on euro.
Freedom of Time, Location and Money
  • #778
  • Aug 18, 2008 9:36am Aug 18, 2008 9:36am
Quoting airbeat
I went short also this morning on the eru/usd at 1.4706. It looks like the usd/jpy is setting up for a long now from what I see. Any comments?
Yes, looks like USD/JPY (UJ) is setting up for long.... but still cannot find when will the good entry to be...
Patience is the key....
  • #779
  • Aug 18, 2008 9:58am Aug 18, 2008 9:58am
Quoting atuque1
Hello All,

Gotta closed my GBP/CHF earlier (luckily) with -70pips...
And I didn't dare to go for Long on that pair this afternoon, even though the setup is there (because it is just crossing opposite the EMA50). The pair goes bullish all the way now... but I do not dare to go Long yet...

I went Short on EUR/USD... Setup for Sell was there...
Sell at price 1.4737 & 1.4730.

Good Luck...

T.A.Y.O.R.
Hit TS with greens... (+15 & +21pips = +36pips)...

Setup still valid, Resell again at 1.4693.

Good Luck.
  • #780
  • Aug 18, 2008 10:06am Aug 18, 2008 10:06am
Quoting atuque1
Yes, looks like USD/JPY (UJ) is setting up for long.... but still cannot find when will the good entry to be...
Patience is the key....
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