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Simplest Daily EMA Cross System

  • #21
  • Feb 11, 2009 6:38pm Feb 11, 2009 6:38pm
Is 8000 pips not "lots of pips"? Feel free to backtest yourself and see if your results are any different. If they are the same, possibly it is time you thought before you typed.

Quoting wiztrader
I think the guy just got excited and pulled the trigger too fast.

I like the "lots of pips" title LOL.

Hey loophole, here's another system for you. Try and see if is better than the last one! LOL
  • #22
  • Feb 11, 2009 7:27pm Feb 11, 2009 7:27pm
Quoting Dreamliner
Is 8000 pips not "lots of pips"? Feel free to backtest yourself and see if your results are any different. If they are the same, possibly it is time you thought before you typed.
mmm...that's interesting.

8000 pips, oh man. Yeah, that's a lot of pips!!! I am so amazed, or should I say, amused?

8000 pips.

who cares?

The 8000 pips are worthless if you can't keep up with consistency. The market will slowly and painfully take back your 8000 pips. I've seen that, many times. All moving average crossovers are simply like wining the lottery one day and going broke the next one.

8000 pips on what pip value?? 1 cent per pip or one buck?? or maybe you're a full lot trader. (Amused, again?)

ah! I let you guys be. Eventually as many others, it will find the way to the recycle bin.

Good Luck!!
  • #23
  • Feb 11, 2009 8:27pm Feb 11, 2009 8:27pm
I trade EMA 5/8 cross on the daily and its been a good system. I trade when there's a fresh cross of the EMAs and use RSI and Stoch as filters.

For the pessimists and crucifier of this system, why not open a demo and test the system before condemning it. Its not an holy grail, bt sure has a good potential of giving high pips when trades are managed properly.

It most times has a high stop loss level (using the high/low of the cross candle as stop loss) so its good to put a good MM in place.

Wish you all well in the use of this strategy.
God's Love For You Is Sure Never You Doubt It
  • #24
  • Feb 11, 2009 10:14pm Feb 11, 2009 10:14pm
Dreamliner,

I set up my charts for the following currency pairs this evening at 00GMT (6PM CST):

GJ, UJ, EU, GU, AJ, EJ, GChf, EG and UChf.

With the 3/8 EMA crossover, ALLof the pairs indicated either a Buy or Sell entry with the singular exception of UChf.

With the 5/8 EMA crossover, NONE of the pairs indicated a valid entry.

Does this seem accurate? Which crossover do you currently recommend we use, 3/8 EMA or 5/8 EMA?

Is there any special testing scenario that you would like some assistance?
  • #25
  • Feb 12, 2009 12:09am Feb 12, 2009 12:09am
Quoting Bobcat2
Dreamliner,

I set up my charts for the following currency pairs this evening at 00GMT (6PM CST):

GJ, UJ, EU, GU, AJ, EJ, GChf, EG and UChf.

With the 3/8 EMA crossover, ALLof the pairs indicated either a Buy or Sell entry with the singular exception of UChf.

With the 5/8 EMA crossover, NONE of the pairs indicated a valid entry.

Does this seem accurate? Which crossover do you currently recommend we use, 3/8 EMA or 5/8 EMA?

Is there any special testing scenario that you would like some assistance?
Hi Bobcat, yes this sounds right. If you wanted to backtest GBP/JPY with 3/8 from Jan. 07 to the present we could compare my results with 5/8.
  • #26
  • Feb 12, 2009 12:26am Feb 12, 2009 12:26am
I don't trade this way. You may want to check out the first post to see the reason for this thread.

Quoting aarangio
Hi ya Dreamliner,

Just wondering if you would take the trade at the green arrows I have placed on the bars on the chart which go past the MA cross bar just to confirm it is a good trade and also where would you be placing your stop loss?

thanx,
Adrian
  • #27
  • Feb 12, 2009 1:54am Feb 12, 2009 1:54am
Dreamliner, do you backtest using EMA cross indicator from your first post?
  • #28
  • Edited 2:24am Feb 12, 2009 2:13am | Edited 2:24am
Quoting Bobcat2
Craig,
Dreamliner's backtests have positive results, while your set of backtests are negative. Why should we accept your backtests as being accurate and Dreamliner's backtests are not?
Dreamliner said he did "visual backtests". There are lots of possibilities why visual backtest might not be accurate.

I coded an EA just as I always do to validate the results for some method. IMHO Coding an EA is crucial because only that way you can see the unbiased results and test long time period without spending too many hours backtesting a method.

There is no point in arguing whose backtest is correct btw, if you feel that this is a profitable method, trade it. If you feel that my backtests are inaccurate, backtest yourself and post your own curve. If it goes up on all majors and I have coded a buggy test, I'm more than happy to learn a new profitable method.
  • #29
  • Feb 12, 2009 7:25am Feb 12, 2009 7:25am
Quoting Dezil
Dreamliner, do you backtest using EMA cross indicator from your first post?
yes! But somebody said it repaints. I did not think an EMA indicator can repaint. Either the emas have crossed or they haven't.
  • #30
  • Feb 12, 2009 7:26am Feb 12, 2009 7:26am
I did take both the Cable and the EUR/USD arrows last night, and am currently up over 200 pips.
  • #31
  • Feb 12, 2009 7:47am Feb 12, 2009 7:47am
The EUR/USD did not cross ... at least not from my brokers charts, however the GBP/USD were crossing.... who is your broker?
Attached Image (click to enlarge)
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Same Whore .... Different Dress
  • #32
  • Feb 12, 2009 7:50am Feb 12, 2009 7:50am
You have a daily 5/8 cross on eu and cable that occured last night?

Quoting Dreamliner
I did take both the Cable and the EUR/USD arrows last night, and am currently up over 200 pips.
  • #33
  • Feb 12, 2009 7:52am Feb 12, 2009 7:52am
Quoting johnedoe
The EUR/USD did not cross ... at least not from my brokers charts, however the GBP/USD were crossing.... who is your broker?
I see you are using Oanda, their daily bar closes at 1100 PM Eastern Time. I use IBFX for signals (though I trade on Oanda) and their daily bar closes at 7:00 PM (00 GMT) Eastern time.

Using IBFX both Cable and EUR/USD showed a down arrow at the close of the daily bar. I took them both.
  • #34
  • Feb 12, 2009 7:52am Feb 12, 2009 7:52am
Quoting BenQ
You have a daily 5/8 cross on eu and cable that occured last night?
No, Ben, I'm using 3/8 on EUR/USD and Cable.
  • #35
  • Feb 12, 2009 7:59am Feb 12, 2009 7:59am
Still no cross on the EUR/USD...................
Attached Image (click to enlarge)
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Same Whore .... Different Dress
  • #36
  • Feb 12, 2009 8:03am Feb 12, 2009 8:03am
Quoting johnedoe
Still no cross on the EUR/USD...................
Again, you are using OANDA.
  • #37
  • Feb 12, 2009 8:04am Feb 12, 2009 8:04am
OK .... got it.... chart times drive me crazy.
Which is why I stick with one broker.
Same Whore .... Different Dress
  • #38
  • Feb 12, 2009 8:14am Feb 12, 2009 8:14am
Quoting johnedoe
OK .... got it.... chart times drive me crazy.
Which is why I stick with one broker.
They drive me crazy too!
  • #39
  • Feb 12, 2009 8:19am Feb 12, 2009 8:19am
Quoting Dreamliner
I did take both the Cable and the EUR/USD arrows last night, and am currently up over 200 pips.
Dreamliner,

There were several other currency pairs that also indicated valid entries @ 00 GMT. May I ask why you chose just GU and EU?

I am guilty of practicing some discretion, myself. I entered trades with GJ, EU, UJ, GChf and UChf. At one point I woke up and found I was profitable by about +430 pips. I am only testing this with a live account @ $.01 per pip. Had I been trading larger lot sizes I would have been sorely tempted to close out the trades with a very nice profit. My position at this hour has now diminished to about +280 pips profit.

Question: As apractical matter, do you ever close out your trades when you are profitable hundreds of pips? Is it normal for there to be wide swings ranging from profitability to loss? What makes the close of the day's business the most opportune time for exit?

Thanks,
Bob
  • #40
  • Feb 12, 2009 8:34am Feb 12, 2009 8:34am
Quoting Dreamliner
yes! But somebody said it repaints. I did not think an EMA indicator can repaint. Either the emas have crossed or they haven't.
I've looked in the code of this indicator and find that it give arrows only when MAs croses and there is now cross back on the next candle so you do not see many wrong signals when one day MA5>MA8 and next day MA5<MA8.

I suggest you to put 2 MAs on chart and backtest for 100% shure
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