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Simplest Daily EMA Cross System

  • #61
  • Feb 12, 2009 6:21pm Feb 12, 2009 6:21pm
I have entered 3 position today

GbpJpy short 12958

Gbpchf short 16595

Euro gbp long 9017
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 13 KB
Click to Enlarge Name: gbpchf.gif Size: 12 KB
Click to Enlarge Name: eurogbp.gif Size: 12 KB
Attached File(s)
File Type: zip open.zip   17 KB | 338 downloads
  • #62
  • Feb 12, 2009 7:30pm Feb 12, 2009 7:30pm
Not necessarily...@ 00 GMT, two of my trades, GJ and GChf, were positive by a few pips, so I did not close them out because the trades were both Sells already in the same direction of the new crossover alert. I wanted to avoid having to pay the cost of another dealer spread.

This saved me 13 pips on GChf, and 9 pips on GJ.

How did y'all do trading this system last night?
  • #63
  • Feb 12, 2009 8:26pm Feb 12, 2009 8:26pm
Quoting DannyW
I have entered 3 position today

GbpJpy short 12958

Gbpchf short 16595

Euro gbp long 9017

Due to my trading method I had a buy signal on the GJ so have closed the GJ short
  • #64
  • Feb 12, 2009 9:51pm Feb 12, 2009 9:51pm
Very good, thanks DannyW!

Quoting DannyW
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.
  • #65
  • Feb 13, 2009 4:32am Feb 13, 2009 4:32am
Hi just an update, I ended up closing all of these trades out due to the way I trade price action.
I have attached a copy of my orders as I ended up long on the GJ which was conflicting with all the entries.
I will keep a log of pip counts here for the time being but will exit trades when they are conflicting with my normal trading style.

Just as well as they would have been down quite a lot, however it is only the first day of testing
Attached File(s)
File Type: zip open.zip   19 KB | 334 downloads
  • #66
  • Feb 13, 2009 4:51am Feb 13, 2009 4:51am
hi dreamliner
i entered chfjpy and usdjpy long using 3 and 8 ema . at 00.00 Gmt . at thi moment i am +172 pip on both pair .
just to report what it is doing this method for today , i m live with it with a mini lot . just wondering when i have to close it .
thanks
  • #67
  • Feb 13, 2009 5:22am Feb 13, 2009 5:22am
Hi Dreamliner,

There is definately some merit to this approach, I have been playing with it a little with nice results (I am tending to watch a bit closer) I have tightened up the stops and take profits and have made 2 trades for a +126 total...definately worth another look!

Thank you for sharing!
  • #68
  • Feb 13, 2009 5:29am Feb 13, 2009 5:29am
Dreamliner............


you are using 5ema on open and 8ema on close, right ?

is there a significant difference using 3ema vs 5ema ?
  • #69
  • Feb 13, 2009 11:22am Feb 13, 2009 11:22am
Hi Dreamliner,
Many thanks for sharing your simple but wonderful system. The thread really worth its name. i've been trading for close to three yrs now and have tried different systems but will all failed at the end of the day. i've been looking for ways to play with higher timeframe (Daily to be precise). Thanks so much. I couldnt believe that this simple but abandoned MA could be so effective.
I've Noticed something after the MA gave the signal yesterday. I'll love to share it once i'm fully convince with it. below are the trades i placed @ 00:00 my broker time ( FXDD). Though it's still active, lets see how it goes.

NBlease lets try to keep this system as simple as it is so as to obtain max. result.
Thanks all.

Oceanic
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Active trades.jpg Size: 155 KB
Click to Enlarge Name: pips rolling.jpg Size: 132 KB
  • #70
  • Feb 13, 2009 11:28am Feb 13, 2009 11:28am
Here is an Universal MA Cross EA you may find useful here.

TimeFreedom
  • #71
  • Feb 13, 2009 4:10pm Feb 13, 2009 4:10pm
Quoting samer960
hi dreamliner
i entered chfjpy and usdjpy long using 3 and 8 ema . at 00.00 Gmt . at thi moment i am +172 pip on both pair .
just to report what it is doing this method for today , i m live with it with a mini lot . just wondering when i have to close it .
thanks
I can't believe you guys are actually trading this LIVE! Please use caution! I assume you have backtested this thoroughly and are assured that you can live with the risk.

We always close at 00 GMT (7:00 PM ET).
  • #72
  • Feb 13, 2009 4:11pm Feb 13, 2009 4:11pm
Quoting findcount
Dreamliner............


you are using 5ema on open and 8ema on close, right ?

is there a significant difference using 3ema vs 5ema ?
I use 5/8 EMA on close, except for those pairs mentioned in the first post that use 3/8 EMA. The reason for the difference is because the two mentioned don't seem as trendy as the others.
  • #73
  • Feb 13, 2009 4:34pm Feb 13, 2009 4:34pm
Quoting Dreamliner
I use 5/8 EMA on close, except for those pairs mentioned in the first post that use 3/8 EMA. The reason for the difference is because the two mentioned don't seem as trendy as the others.
Hi Change the 8EMA from 'Close' to "Open" You will see a clear signal. Its from the Key To The Mint Thread Rules.
My Email For Help: [email protected]
  • #74
  • Feb 13, 2009 11:30pm Feb 13, 2009 11:30pm
Quoting Dreamliner
I can't believe you guys are actually trading this LIVE! Please use caution! I assume you have backtested this thoroughly and are assured that you can live with the risk.

We always close at 00 GMT (7:00 PM ET).
Hi Dreamliner, for me I prefer to trade live but only do it at a small pip rate.
I useually try things out at 10cents a pip to see if I like the trading idea.
That keeps the risk right down and makes the testing feel real to me and it is also possible to go right down to 1 cent a pip.
As for backtesting, I have spent many hours doing it over the years and have come to the conclusion that it can be very inaccurate and doesn,t predict the future so really what is the point.
Not meaning to sound to negative but the other pet hate for me is indicators as they do lagg, but sometimes I will have a look at them if the idea sounds ok, so not sure how long I will last in this thread.
My approach is to start trading with real small amounts and once I reach a certain level I then trade only risking what I have made in profit.

My next post will be the first trade results
  • #75
  • Feb 13, 2009 11:37pm Feb 13, 2009 11:37pm
Here are the results to my first trades which aren't good but it is only day 1.

Note I did close these live trades very early as it was conflicting with my normal trading method, but for the purpose of this logg I will be keeping the record as if I had stayed in the trade following the rules.

Trade 1

GbpJpy short 12958 Exit 13191 = -233

Gbpchf short 16595 Exit 16662 = -67

Euro gbp long 9017 Exit 8961 = -56
  • #76
  • Feb 14, 2009 1:24am Feb 14, 2009 1:24am
hi Danny
maybe your entries were late , for example EUROGBP should be entered long on Thursday not Friday .
  • #77
  • Feb 14, 2009 2:12am Feb 14, 2009 2:12am
Quoting samer960
hi Danny
maybe your entries were late , for example EUROGBP should be entered long on Thursday not Friday .
Hi that is a possible error as it was the first day I looked and read it as they had just crossed so it could well have crossed in the previous session.
To be fair on the method I shall restart the pip count unless someone else who was watching the set up can confirm my entry time was correct.
  • #78
  • Feb 14, 2009 2:19am Feb 14, 2009 2:19am
hi
we need to know from dreamliner when he tested this method, he entered right after the cross, or waited the candle to be formed after the croos .
  • #79
  • Feb 14, 2009 3:57am Feb 14, 2009 3:57am
Quoting samer960
hi
we need to know from dreamliner when he tested this method, he entered right after the cross, or waited the candle to be formed after the croos .
The way I read it in the first post was basically you only checked the chart at 0 gmt and if a cross had occurred you entered at 0 gmt then closed the position at the next 0 gmt.

The maybe unknown on how I first applied it was weather the cross had occurred in the previous candle before 0 gmt which meant I should not have entered the trades at all.
Now that I will be checking it daily that won't happen again and I won't count the first trades into the pip tally.
  • #80
  • Feb 14, 2009 4:05am Feb 14, 2009 4:05am
GbpJpy Here is an example of the mavs coming together, now when the next candle starts it will cause a cross which will trigger an entry for the GbpJpy, if you didn;t actually see the action at the 0 gmt time it would be easy to mistake when the cross really happened which would make a late entry.
it is not hard for me to check the charts at 0gmt so their should be no more confusion as I shall also post a chart for each entry at 0gmt
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 12 KB
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