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Great GBP/USD Strategy for Swing Trades

  • #41
  • Mar 6, 2007 12:32am Mar 6, 2007 12:32am
Quoting harold4x
i also use dealbook and based on your entry doesnt the 13 have to cross the 50 also before entry can be taken well that candle it didtn the next candle should have been entrysee chart
My chart clearly shows that the EMA13 cross the EMA50 on the open candle
at 02/03/2007 16:00 GMT +8. That open price was 1.9557.
What is your open candle when the EMA13 cross the EMA50?

Does the time settings for different region affect the open candle?
Let's try to solve this problem so that it would benefit other traders too.

VyNNeR
Attached Image
  • #42
  • Mar 6, 2007 1:28am Mar 6, 2007 1:28am
Thanks for sharing!
  • #43
  • Mar 6, 2007 1:47am Mar 6, 2007 1:47am
Vynner

Have you considered automating this strategy? I would be interested in helping out but am currently snowed under with a millenia of other projects. Even so, this doesnt look bad and i could probably have my programmer check it out. Many of my own systems are based on stochastics and the thing I love about them is they run in 'real time', do not lag and therefore when strategy testing rarely paint the past (dependant on system architecture)
Feel free to PM

FxNorth
  • #44
  • Mar 6, 2007 2:18am Mar 6, 2007 2:18am
Vynner

I might be looking at this incorrectly but didnt this get chopped around in and out of the market between 31 Jan - 16 Feb? This seems to be the failing of most crossover systems using MA.
Just asking.
I know you utilize the EMA cross for exit and it appeared that during that period it would have you out very close to entry or in loss. What were your results during that period?

FxNorth
  • #45
  • Mar 6, 2007 3:58am Mar 6, 2007 3:58am
Quoting fxnorth
Vynner

I might be looking at this incorrectly but didnt this get chopped around in and out of the market between 31 Jan - 16 Feb? This seems to be the failing of most crossover systems using MA.
Just asking.
I know you utilize the EMA cross for exit and it appeared that during that period it would have you out very close to entry or in loss. What were your results during that period?

FxNorth
Dear FxNorth,

Thanks for your interest in programming this strategy in MT4.
Try the Daily Stoch .. It helps to filter some side way market.

VyNNeR
  • #46
  • Mar 6, 2007 6:44am Mar 6, 2007 6:44am
hi we have same charts and data feed and if you look even at your own charts the 13 didnt cross 50 until that large candle enlarge candles and you will see i am right
  • #47
  • Mar 6, 2007 6:58am Mar 6, 2007 6:58am
i see that is true
  • #48
  • Mar 6, 2007 7:12am Mar 6, 2007 7:12am
Dear all traders,

I have zoom in my chart, hope it is clearer to some of you.

VyNNeR
Attached Image
  • #49
  • Mar 6, 2007 7:40am Mar 6, 2007 7:40am
thanks V so entry would not have been 9557 but 9480
  • #50
  • Mar 6, 2007 7:57am Mar 6, 2007 7:57am
Quoting harold4x
thanks V so entry would not have been 9557 but 9480
Dear harold4x,

The EMA13 already cross the EMA50 when it opens.
You enter at the open candle not the close .. thanks.

When there is another trade, see it for yourself.

VyNNeR
  • #51
  • Mar 6, 2007 8:12am Mar 6, 2007 8:12am
My chart shows entry at 1.9562 open of the 4hr bar after the cross
Regards
  • #52
  • Mar 6, 2007 8:25am Mar 6, 2007 8:25am
Hopefully my questions/comments will help clear things up a bit about your most recent entry and the possibilities of what could have happened.

When entering on a candle open when the 13 crosses the 50, as you did in your most recent trade, there is a possibility that after your entry bar closes that it actually closes in a loss with the chart showing the 13 not crossing the 50 by the time the candle closes. This, then is an unconfirmed cross entry, or basically an entry on a cross as it happens and not confirmed by the bar close.

This also means it would be a futile effort to backtest this strategy because of this entry. You cannot see price action within a 4hr bar, so whenever your looking at historical charts and the 13 is hanging right at the 50 it may have crossed and caused you a loss, but you wouldn't "see" it on the chart. I am not stating this as a bad thing, just saving people some wasted time in thinking they will look for answers in backtesting. This must be tested in real time to get accurate results.

I hope this makes sense and thank you for sharing your trading method.
  • #53
  • Mar 6, 2007 9:40am Mar 6, 2007 9:40am
Quoting VyNNeR
Dear all traders,

I have zoom in my chart, hope it is clearer to some of you.

VyNNeR
Many thanks Sir, I will trade your way.
  • #54
  • Mar 6, 2007 6:06pm Mar 6, 2007 6:06pm
Dear all traders,

This Short trade was closed 4 mins ago.
Below is my chart, hope everyone has a rough idea on how to exit.

VyNNeR
Attached Image
  • #55
  • Mar 7, 2007 8:10am Mar 7, 2007 8:10am
Quoting VyNNeR
Dear all traders,

This Short trade was closed 4 mins ago.
Below is my chart, hope everyone has a rough idea on how to exit.

VyNNeR
Hi and thanks for the method, it was a good short entry and exit; for the next trade the long entry is quite clear according to your rules, however if the market turns back down again as it is right now somehow doing , what are your re-entry rules for another short?
Do you wait until a long comes by and after that you consider a short or do you have other rules for a short after the previous short?
Regards
  • #56
  • Mar 7, 2007 11:11pm Mar 7, 2007 11:11pm
Hello V,

EMA 4 and EMA 13 are going to cross the EMA 50 in UJ Pair. If this happend today, do I still need to wait for %D below %K before I place order for Long or I just do it rigth away.

Thank you V.
  • #57
  • Mar 8, 2007 8:44am Mar 8, 2007 8:44am
Quoting CORN&B
Hello V,

EMA 4 and EMA 13 are going to cross the EMA 50 in UJ Pair. If this happend today, do I still need to wait for %D below %K before I place order for Long or I just do it rigth away.

Thank you V.

Dear CORN&B,

I have not done any testing on other pairs.
I have only done forward testing on GBP/USD.
Maybe you can try to do some forward testing on other pairs too.

VyNNeR
  • #58
  • Mar 8, 2007 8:52am Mar 8, 2007 8:52am
Hi VyNNeR
With the current situation on the GDB
The Daily Charts is still in a Short, the 4hr just reached a short again,

According to your testing/trading; is this a safe re-entry, or do you just ride the wave once and wait for the daily's to change bullish?
  • #59
  • Mar 8, 2007 9:45am Mar 8, 2007 9:45am
Quoting Fx1618
Hi VyNNeR
With the current situation on the GDB
The Daily Charts is still in a Short, the 4hr just reached a short again,

According to your testing/trading; is this a safe re-entry, or do you just ride the wave once and wait for the daily's to change bullish?
Dear Fx618

I only ride it once, but it might also be a good idea to re-short if you want to.
To me this swing trades are good enough to make me few hundred pips a month.
I do not like to over trade the same strategy.
I do have other tools to help me to trade shorter term but i treat all strategy as different entity.


VyNNeR
  • #60
  • Mar 8, 2007 3:36pm Mar 8, 2007 3:36pm
on this system?
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