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Simplest Daily EMA Cross System

  • #41
  • Feb 12, 2009 8:35am Feb 12, 2009 8:35am
Quoting wiztrader
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?
Most likely those who wish to be profitable in their trading account care. Possibly you like to trade for fun, but I trade to make money, therefore I care.

Quoting wiztrader
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.
This is true of moving average sytems, that is why I do not trade moving average systems. You'll notice we are not closing this trade on a moving average cross. It may help to reread post number 1.

Quoting wiztrader
8000 pips on what pip value?? 1 cent per pip or one buck?? or maybe you're a full lot trader. (Amused, again?)
This is possibly the silliest, most un-knowledgeable statement you've made yet. It doesn't matter SQUAT whether the 8000 pips were 1 cent or a thousand dollars each. Your account size determines the worth of each pip. And for revealing a system on this forum nobody should care what the value of each pip is, because each of us have different account sizes. That is a personal thing, and it makes me think you don't have even a basic understanding of trading. Go to babypips and learn, it may help you.
  • #42
  • Feb 12, 2009 8:41am Feb 12, 2009 8:41am
Hi Bobcat,

Good questions. I was flying last night and just happened to have a few minutes to trade at 7:00 PM Eastern so I noticed both EUR/USD and USD/GPB had crossed so I traded them. I didn't even get a chance to look at other pairs. As I've looked back at the charts today no other pairs gave me a signal (I'm using 5/8 on all pairs except EUR/USD and Cable).

You can certainly close out when up hundreds of pips, but in order to trade the system according to the way I backtested it I have to exit at 00 GMT.

Quoting Bobcat2
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....
  • #43
  • Feb 12, 2009 8:42am Feb 12, 2009 8:42am
Quoting johnedoe
Baby pips wont' help..... you can't fix stupid...
Now that's funny! http://www.forexfactory.com/images/icons/icon10.gif

I've requested they change his nick from Wiztrader to Dumbtrader .
  • #44
  • Feb 12, 2009 9:08am Feb 12, 2009 9:08am
Quoting Dezil
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
Hey dezil, if you got any time can you edit that indicator so it will display all crosses and doesnt only show the correct ones. (also i am assuming that its taking the cross at candle close?)

thx
  • #45
  • Feb 12, 2009 1:20pm Feb 12, 2009 1:20pm
Quoting Dreamliner
Most likely those who wish to be profitable in their trading account care. Possibly you like to trade for fun, but I trade to make money, therefore I care.



This is true of moving average sytems, that is why I do not trade moving average systems. You'll notice we are not closing this trade on a moving average cross. It may help to reread post number 1.



[font=&quot][font=Verdana]This is possibly the silliest, most un-knowledgeable statement you've made yet. It doesn't matter SQUAT whether the 8000 pips were 1 cent or a thousand dollars...
Good job u r doing. Dont waste ur precious time answering to unconstructive critiscisms.
God's Love For You Is Sure Never You Doubt It
  • #46
  • Feb 12, 2009 1:32pm Feb 12, 2009 1:32pm
Quoting D liberators
Good job u r doing. Dont waste ur precious time answering to unconstructive critiscisms.
Thank you!
  • #47
  • Feb 12, 2009 1:48pm Feb 12, 2009 1:48pm
Here is correct version which shows all crosses and does not repaint
Attached File(s)
File Type: mq4 EMA Crossover Signal_NoRep.mq4   4 KB | 885 downloads
  • #48
  • Feb 12, 2009 1:51pm Feb 12, 2009 1:51pm
Hey Dream,

I assume we can place qualifying trades this evening @ 00 GMT despite Friday's early closing of business? Or does IBFX run right up to closing? My trades are currently +157 pips (but actually went negative for a short time earlier in the day).
  • #49
  • Feb 12, 2009 2:03pm Feb 12, 2009 2:03pm
Quoting Dezil
Here is correct version which shows all crosses and does not repaint
Dezil, after changing your indicator to 3/8 to keep it the same as the indicator I posted, I overlaid both yours and mine on the chart. They are identical. I do not see any difference whatsoever.
  • #50
  • Feb 12, 2009 2:04pm Feb 12, 2009 2:04pm
Quoting Bobcat2
Hey Dream,

I assume we can place qualifying trades this evening @ 00 GMT despite Friday's early closing of business? Or does IBFX run right up to closing? My trades are currently +157 pips (but actually went negative for a short time earlier in the day).
I do not know what time IBFX closes, but somehow I think it is before 7:00 PM ET. Yes, that is good profit.
  • #51
  • Feb 12, 2009 2:19pm Feb 12, 2009 2:19pm
Quoting Dreamliner
Dezil, after changing your indicator to 3/8 to keep it the same as the indicator I posted, I overlaid both yours and mine on the chart. They are identical. I do not see any difference whatsoever.
Look at this example. Arrows is your indy and dots is my norepaint version.
5/8 ma cross GBP/USD

Do you see the difference?
Attached Image (click to enlarge)
Click to Enlarge Name: repainted.gif Size: 25 KB
  • #52
  • Feb 12, 2009 2:26pm Feb 12, 2009 2:26pm
Yes, I do see the difference on your example, I just do not see it on mine. Very strange.

Quoting Dezil
Look at this example. Arrows is your indy and dots is my norepaint version.
5/8 ma cross GBP/USD

Do you see the difference?
  • #53
  • Feb 12, 2009 2:37pm Feb 12, 2009 2:37pm
Quoting Dezil
Here is correct version which shows all crosses and does not repaint
it is repaint

fasterEMAprevious = iMA(NULL, 0, FasterEMA, 0, MODE_EMA, PRICE_CLOSE, i+1);
fasterEMAafter = iMA(NULL, 0, FasterEMA, 0, MODE_EMA, PRICE_CLOSE, i-1);
  • #54
  • Feb 12, 2009 2:41pm Feb 12, 2009 2:41pm
Quoting fxxx
it is repaint

fasterEMAprevious = iMA(NULL, 0, FasterEMA, 0, MODE_EMA, PRICE_CLOSE, i+1);
fasterEMAafter = iMA(NULL, 0, FasterEMA, 0, MODE_EMA, PRICE_CLOSE, i-1);
Look further in the code before post

if ((fasterEMAnow > slowerEMAnow) && (fasterEMAprevious < slowerEMAprevious) /*&& (fasterEMAafter > slowerEMAafter)*/) {
CrossUp[i] = Low[i] - Point*10;//Range*0.5;
}
else if ((fasterEMAnow < slowerEMAnow) && (fasterEMAprevious > slowerEMAprevious) /*&& (fasterEMAafter < slowerEMAafter)*/) {
CrossDown[i] = High[i] + Point*10; //Range*0.5;
  • #55
  • Feb 12, 2009 2:44pm Feb 12, 2009 2:44pm
i see - you're not using it :
if ((fasterEMAnow > slowerEMAnow) && (fasterEMAprevious < slowerEMAprevious) /*&& (fasterEMAafter > slowerEMAafter)*/) {
  • #56
  • Edited 3:43pm Feb 12, 2009 2:46pm | Edited 3:43pm
didn't saw your post (page wasn't updated)
well, if you insist:
- not good enough : as JR would say - repains like trooper
by "look further ... before post" - do you mean you didn't even looked if it repaints or not before you posted it?

Attached Image

Attached Image

or you never noticed - not that much familiar with it or not much familiar with issue you talking about?
probably last statement is true:
Quoting Dezil
Here is correct version which shows all crosses and does not repaint
Quoting Dezil
Look at this example. ...dots is my norepaint version.
...
unbelievable...you gotta be kidding me...
  • #57
  • Feb 12, 2009 3:46pm Feb 12, 2009 3:46pm
sorry, Dreamliner
  • #58
  • Feb 12, 2009 4:10pm Feb 12, 2009 4:10pm
Quoting fxxx
didn't saw your post (page wasn't updated)
well, if you insist:
- not good enough : as JR would say - repains like trooper
by "look further ... before post" - do you mean you didn't even looked if it repaints or not before you posted it?

Attachment
Attachment
or you never noticed - not that much familiar with it or not much familiar with issue you talking about?
probably last statement is true:



unbelievable...you gotta be kidding me...
your pictures are from tester in visual mode. Am i right? I've made only small changes in code to help dreamliners backtests. He does not use MT4 strategy tester so my version will be ok for him. I can make changes more chenges in code specially for you and there will be no repainting in mt4 tester too.
  • #59
  • Feb 12, 2009 4:14pm Feb 12, 2009 4:14pm
Hi, I like simple trading ideas and from time to time foward test them live on my micro account.

I have decided to forward test this idea using the 8 and 5 ema on the following pairs.

GBPJPY, AUDJPY,GBPCHF,EUROGBP,EUROUSD.

I will keep a updated record here for everyone to see.
  • #60
  • Feb 12, 2009 4:51pm Feb 12, 2009 4:51pm
1st day
not bad 8 for 8
I chickend out and use a trailstop EA

try again today see what happens
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.GIF Size: 62 KB
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