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Simplest Daily EMA Cross System

  • #81
  • Feb 14, 2009 5:16am Feb 14, 2009 5:16am
hi danny
yes you are right we should have a long on gj,
maybe we should fine tune the entry ( this has been said by teb in another thread similar to this one ) after crossing long on daily we look at 4 h it should have the same direction as daily and we enter on 30 min after the cross of the 2 ema and give a long signal
  • #82
  • Feb 14, 2009 11:55am Feb 14, 2009 11:55am
This makes sense, DannyW, I just wanted to make sure that others don't start trading this (or any other) system until they are comfortable with the risk. I do the same thing you do, in trading with small amounts rather than demo. Thanks for your post.

Quoting DannyW
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...
  • #83
  • Feb 14, 2009 11:56am Feb 14, 2009 11:56am
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 .
Trade at 00 gmt, if there is a signal.
  • #84
  • Feb 14, 2009 1:55pm Feb 14, 2009 1:55pm
Quoting Dreamliner
Trade at 00 gmt, if there is a signal.
can I look at the chart after 00 gmt?
(because it is midnight for me)
  • #85
  • Feb 14, 2009 2:59pm Feb 14, 2009 2:59pm
Quoting gav
can I look at the chart after 00 gmt?
(because it is midnight for me)
People can look at the chart whenever they want to. If the entry point is better when you look then take the trade, if it is worse then stay out.
  • #86
  • Feb 14, 2009 7:19pm Feb 14, 2009 7:19pm
Quoting DannyW
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
To make this a valid forward test you are going to have to open a sub account so you can keep the results pure to the system...... otherwise you are wasting your time as well as everyone else's with corrupted data.
Same Whore .... Different Dress
  • #87
  • Feb 14, 2009 7:37pm Feb 14, 2009 7:37pm
Quoting johnedoe
To make this a valid forward test you are going to have to open a sub account so you can keep the results pure to the system...... otherwise you are wasting your time as well as everyone else's with corrupted data.
Hi johndoe, The way i will be keeping my record will be as a pip count so its up to the individual on how much they want to make the value worth.

My record keeping will be posting a chart with the trigger.

The first trades where questionable as mentioned in the other posts so nothing needs to be said anymore about it.

So as of next market open the entries will be certain as per rules and the pip counts correct, it is up to the trader if they want to times the pip by 1 cent or $10
  • #88
  • Feb 15, 2009 1:43am Feb 15, 2009 1:43am
johndoe, I was just re reading your post and may have missed your exact point so I,m adding this info in case.

Your concern was of me exiting trades outside the rules and how it will effect the record keeping.

If this happens I shall still treat the pip results as if the trade is closed at 0gmt so that it won't corrupt data.

My main method of trading is basic james 16 price action with support and resistance.
I have been trading this way for nilly 12months with great results so I,m not going to change that.

The purpose of me getting involved here is that it is relly easy to follow this method and when I see something like that I like to give it a go and if it pays off then it will become part of my trading plan.

I like to post totally transparent results so that if things with this idea go bad other traders can see not to follow a time wasting method or maybe put in some extra work to improve it.

If you have any better suggestions, ideas ,concerns with keeping it as a pip tally for each seperate pair traded I would be glad to here them and possibly take them on, but for now I can't see how a sub account would change the results.
  • #89
  • Feb 15, 2009 5:27am Feb 15, 2009 5:27am
Hi DreamLiner,
this is a little backtester that should replicate exactly your trading system, I tested it on EURUSD (3/8 cross) and GBPUSD (5/8 cross) with fixedlot 0.1 using metaquotes data with max quality data on M1 but results seems not so good as yours.
Please feel free to test it and report back possible issue.

Cheers,
Skyline
Attached File(s)
File Type: ex4 Dreamliner Simple Daily System.ex4   8 KB | 579 downloads
File Type: zip Backtest.zip   57 KB | 500 downloads
  • #90
  • Feb 15, 2009 8:50am Feb 15, 2009 8:50am
Hi Dreamliner,

nice little system- the rules on closing save a lot of time screen watching, thanks for posting.

I have a quick question or rather would be grateful for some clarification on the point made earlier regarding entry times;

"People can look at the chart whenever they want to. If the entry point is better when you look then take the trade, if it is worse then stay out."

I'm based in the UK and tend to look for trades 6-7 GMT which means I am missing out on the first few hours of a new trade following a signal, but its the Asian session so should not have seen any strong moves ( not always the case!)

In terms of trying to jump on the signal at this stage, are you recommending that if it is better (ie the trade has actually gone against the direction we are looking for at this stage) I should take it..........if you follow?

Hope you can help

Kind regards

Mark
  • #91
  • Feb 15, 2009 6:07pm Feb 15, 2009 6:07pm
My Log

0gmt 16/2

No trades as per attached charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eg.gif Size: 12 KB
Click to Enlarge Name: eu.gif Size: 14 KB
Click to Enlarge Name: gf.gif Size: 12 KB
Click to Enlarge Name: gj.gif Size: 12 KB
Click to Enlarge Name: aj.gif Size: 13 KB
  • #92
  • Feb 16, 2009 5:23pm Feb 16, 2009 5:23pm
17/2 0gmt

No trades
  • #93
  • Feb 16, 2009 5:41pm Feb 16, 2009 5:41pm
A very dead day............................
Same Whore .... Different Dress
  • #94
  • Feb 16, 2009 6:46pm Feb 16, 2009 6:46pm
Quoting johnedoe
A very dead day............................
There's Holiday in Canda and the US. Thats why its slow
My Email For Help: [email protected]
  • #95
  • Feb 16, 2009 8:29pm Feb 16, 2009 8:29pm
Dreamliner: Do not use your first version live. Because it repaints, historical results will be the same, but moving forward it will give signals when there is none. Problem is that it will not be evident until you change time frames then return.
  • #96
  • Feb 17, 2009 6:19am Feb 17, 2009 6:19am
Quoting magnumfreak
Dreamliner: Do not use your first version live. Because it repaints, historical results will be the same, but moving forward it will give signals when there is none. Problem is that it will not be evident until you change time frames then return.

Is there a way we can modify the original Dreamliner indicator so that it does not repaint? As a strategy seems a sount one - I have been testing it in 4 hr and daily timeframes and it seems to work like a charm - however the arrow repaints.

The same thing witht he expert advisor taht was posted here and was based on it.

Thanks Dreamliner!
  • #97
  • Feb 17, 2009 6:50am Feb 17, 2009 6:50am
Quoting magnumfreak
Dreamliner: Do not use your first version live. Because it repaints, historical results will be the same, but moving forward it will give signals when there is none. Problem is that it will not be evident until you change time frames then return.
Hi MagumFreak,
I don't understand why you say that ema cross indicator repaints , I use it since long time and I based a lot of my indicator using its code list.
I see this method is quite simple, when the arrow appears you don't have to enter immediatly since it could disappear during candle formation, so you have to wait until the candle close so that you are sure that emas crossed definitelly.
In other words you'll enter on the opening of next bar after an arrow appeared as in the following screenshot where appeared a short arrow on past 5 Jan so you should enter at the open of next day 6 Jan as showed with a yellow dotted line.

Cheers,
Skyline
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 58 KB
  • #98
  • Feb 17, 2009 7:00am Feb 17, 2009 7:00am
Quoting skyline
Hi MagumFreak,
I don't understand why you say that ema cross indicator repaints , I use it since long time and I based a lot of my indicator using its code list.
I see this method is quite simple, when the arrow appears you don't have to enter immediatly since it could disappear during candle formation, so you have to wait until the candle close so that you are sure that emas crossed definitelly.
In other words you'll enter on the opening of next bar after an arrow appeared as in the following screenshot where appeared a short arrow on past 5...
Hi Skyline - this makes sense - I have tested your EA and works well in the 4hr and daily charts however - is there a way we can modify it so that it doesn't wait for the forming of the candlestick to paint the arrow or trigger and oreder for tha matter. While testing on a hourly chart it seems that you loos a lot of pips if you wait for the next candlestick to form.

Thanks again

Geribosi
  • #99
  • Feb 17, 2009 7:48am Feb 17, 2009 7:48am
Quoting geribosi
Hi Skyline - this makes sense - I have tested your EA and works well in the 4hr and daily charts however - is there a way we can modify it so that it doesn't wait for the forming of the candlestick to paint the arrow or trigger and oreder for tha matter. While testing on a hourly chart it seems that you loos a lot of pips if you wait for the next candlestick to form.

Thanks again

Geribosi
Hi Geribosi,
what you asked doesn't make much sense to me, you have to wait for current candlestick to close otherwise you don't know if there was an effective crossover because emas could cross back and forth during candle formation.
Just forget the arrow and the indicator , if you simply have 2 emas and you want to open an order after a cross occured you have to be sure that cross is in place and it will not disappear anymore, this condition could eventually be true only if candle is completed.
  • #100
  • Feb 17, 2009 7:50am Feb 17, 2009 7:50am
Stupendously simple system.. Nice!
Just to confirm, today, we only have signal for NZDUSD (short) and AUDUSD (short).. correct? (of course we cant short it anymore as it has moved already..)

Anyways, I had a friend wrote me a scanner for multiple pairs.. hope this helps
just attach it on any pair, any timeframe, and it will scan as many pairs as possible..
Attached File(s)
File Type: mq4 Dreamline Scanner.mq4   3 KB | 635 downloads
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