New Simple MA Cross System

EMA 1
EMA 2
TF 4
EMA Cross over indicator

Enter the trade once you receive the cross over signal. You should enter for trade only in the next bar

Inthe next bar also wait for 30 Minutes to enter because the price could be little better than the opening price of the candle you wish to enter. 100 Pips is possible through the simple new system

Simple yet effetive, I like it. I added a RSI/Williams % indicator for confirmation (personal preference). Currently I'm positive pips on E/J.Thanks for the nice system.

Are you working with TF 4 keep an eye on EA 5 it should hold the price
once the wave is over wait till you get next signal

What are the stops losses and take profits with this? Also could you post the ema crossover signal to the thread and some snap shots of your trades would be helpful as well. What chart time frame are you using?

Thank you!!

Many pips!!

See my profile all the indicators and charts are attached

yes, I'm working in TP4, though might experiment with Daily. EJ & GJ are both in positive pips, and just entered AU. Really like the simplicity, especially for a newbie like me.

I don't see the indicators and/or charts under your profile...Am I overlooking it???

go to my profile and the indicators are in 1 to cross over under programming

Drill down to my profile you will see their

mitchp

Do not overtrade on currencies see the result of one or two

not to nit pick or tell you how to run your thread...but posting your template and all the indicators your using in the first thread would help alot...or i'm telling you now this will DIE!! No offense to you but just giving you a heads up...asking ppl to look for something in your profile will kill your thread...just my two cents to you.

Attached is a cross over indicator (just change the 5 & 8 to 1 & 2). Hope this helps


Just realized this is a indicator based upon "open" - not sure if this matters or note

Harigp,

Over-trading is my specialty! Currently up 91 pips on three spreads. Will probably closed out soon and go to bed. Need more experience with this system to leave a system based upon TF4 running overnight ( have blown a number of account while I slept). So far so good!

I agree with the previous poster that the raw numbers for the indicators should have been posted in the opening thread. Shouldn't have to look behind doors to understand a "simple" system. And no, I couldn't find any of the indicators or charts under harigp's profile that (he/she) says is there.

Also, not everyone uses the MT platform, but if the system truly is simple then just the raw numbres of the indicator should be enough so that EVERYONE can follow along.

I downloaded MT, downloaded Mitch's MQ4 file, didn't know how to incorporate it in the chart, but was fortunate enough to get to the editor to look inside. Mitch, wouldn't it have been easier to post the EX4 file, ready to use? I've seen them posted before.

Anyway, if I've read the code right, it looks like it's a very simple 5 period SMA of the close and an 8 period SMA of the open. Trade the cross on the next bar (actually, there's a way to anticipate a cross as well). Something I've been using for years, though with different periods of the SMA. Mitch, the only thing I couldn't determine is the time period harigp uses. Does TF 4 mean a 4 minute timer frame? or hourly? Personally, I find this simple MA cross has it's own moments in any time or tick frame. Currently it's working well in the 5 minute and greater time periods in the currency futures (sorry, I don't trade forex just yet). Please feel free to correct me if I got any of the indicators wrong.

Now, wasn't that "simpler"?

And yes, it is a very good system. Anyone familiar with John Person's books will see a detailed outline of the same in his last book on forex.

Happy trading!

CarlC

To All Guys

This is the first time I am posting some thread in the forex factorey,so I am
in the learning process to post the thread or indicators but surely i will start
posting the thread in an orderly way

Time frame is 4 Hours and I agree fully with you that the EMA 1 cross over
with 5 EMA in Time frame 4 Hours to start the trade

What pair are you using this system on? Where does the 5 em come in from, there is no metion of it in post #1..

Peacelover,

If I interpreted the mq4 file correctly, the parameters are as follows:

8 period EMA of the opening price
5 period EMA of the closing price
4 hour time period.

If the 5 period EMA crosses above the 8 period EMA, buy on the open of the next bar, or wait a half hour for a better entry price, per Harigp.

If the 5 period EMA crosses below the 8 period EMA, sell on the open of the next bar, or wait a half hour for a better entry price, per Harigp.

No exit targets, just don't get greedy. If you wait until the EMA's cross again to exit, you could be at a loss. IMHE.

CarlC

Thanks Carl

hello there, what are the 1 and 2 ema applied to? open or close.. or ? this seems like a very simple strategy..

Applied on close for both

EMA 1 and 2 allows you for early entry but wait for the next candle to come
in Time frame 4 hours

Hariqp..

What is your experience with winning ratio.. ie.. 60%, 70% etc.?

What do you average per week using this method?