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Eagle Method MA Crossover System

  • #21
  • Mar 26, 2007 11:04pm Mar 26, 2007 11:04pm
Quoting jest1081
weel one things for sure...there i no perfect system...this one will fail on choppy days. But for whats worth, we want to make it a winning one. like you said there are a few ways to make the exit better. I have a few ideas.

- 1 use 21sma Open and Close tunnel. This was once used by twoblink on 55ema open close tunnel i think it works well. TP on tunnel cross.

- Incremental tp, 50, 70, 100 followed by trail. This will be discretional.

I would not tweak too much from there on. You already have something good going here.
Nice idea Jest.. I'll look into it.. The Wide SMA's do generally protect you from choppiness.. But I think we can look at the implementing a more sound exit..
  • #22
  • Mar 26, 2007 11:10pm Mar 26, 2007 11:10pm
no problem.
  • #23
  • Mar 26, 2007 11:16pm Mar 26, 2007 11:16pm
tbwss1234

Your simple system gave me a good idea. I trade the GBP/JPY with 4HR chart. I can use your 1HR setup and rules for confirmation.

Thanks,
Rick
I'm a disciplined trader and that's the only way I trade.
  • #24
  • Mar 27, 2007 12:42am Mar 27, 2007 12:42am
Quoting drick008
tbwss1234

Your simple system gave me a good idea. I trade the GBP/JPY with 4HR chart. I can use your 1HR setup and rules for confirmation.

Thanks,
Rick
That's great go for it.. I think if people stick to this simple system and apply sound money management, you will make money.
  • #25
  • Mar 27, 2007 12:53am Mar 27, 2007 12:53am
Guys.. This is another example of how this system catches MASSIVE moves.

In jan here was a huge one.. You get generally one a month...

900 pips in 8 days..

Outside of these moves you catch 100 - 200 pip moves and a couple of 50-60 pip losses..

If a few people start trading it. even with an crossover EA. We can really tell the might of this method.
Attached Image
  • #26
  • Mar 27, 2007 1:11am Mar 27, 2007 1:11am
Hi tbwss1234 and thanks for sharing.

Are you using any s/l? Obviously, you are not using any t/p, but I'm curious as to the s/l points.
  • #27
  • Mar 27, 2007 1:41am Mar 27, 2007 1:41am
Quoting ssotiro
Hi tbwss1234 and thanks for sharing.

Are you using any s/l? Obviously, you are not using any t/p, but I'm curious as to the s/l points.
Hi there.. No i don't use a Stop loss at all.. It is more of stop and reverse. So when the MA crosses back it closes and reverses the trade.
  • #28
  • Mar 27, 2007 2:47am Mar 27, 2007 2:47am
Also. remember we are always going to encounter loses (the less the better obviously and I think this system gives you around an 85% or more success rate on entry).. So the focus is to determine the absolute best way to grab these moves..
  • #29
  • Mar 27, 2007 4:54am Mar 27, 2007 4:54am
Here is a trading plan excel file i use.. It may help you guys.. I may have even got it from this forum
Attached File(s)
File Type: zip TRADING PLAN.zip   37 KB | 2,160 downloads
  • #30
  • Mar 27, 2007 5:55am Mar 27, 2007 5:55am
Quoting tbwss1234
The goal is to try and get it to a Mechanical Level so we can implement and EA.
I know he's a busy man, but this method would be worth a little of Mikhaildgreat's time. We just need a couple of evolutionary steps in developing the exit strategy - and then this ought to be a nice pip generator.

Perhaps you could PM him to see if he'd take a look at it.
  • #31
  • Mar 27, 2007 5:56am Mar 27, 2007 5:56am
Quoting tbwss1234
Here is a trading plan excel file i use.. It may help you guys.. I may have even got it from this forum
This looks intersting
but I can not seem to open you trading plan
could you just post rather then in zip formate
thanks
  • #32
  • Mar 27, 2007 6:23am Mar 27, 2007 6:23am
I'll try uploading it again.. It's more of a profit management plan. Helps you allocate lots sizes based on % risk per trade.
If this doesn't work I can upload a link to for you guys
Attached File(s)
File Type: zip tradingplan.zip   37 KB | 1,010 downloads
  • #33
  • Mar 27, 2007 6:25am Mar 27, 2007 6:25am
Quoting tbwss1234
I'll try uploading it again.. It's more of a profit management plan. Helps you allocate lots sizes based on % risk per trade.
If this doesn't work I can upload a link to for you guys
great please do
  • #34
  • Mar 27, 2007 6:25am Mar 27, 2007 6:25am
Quoting brentmack
I know he's a busy man, but this method would be worth a little of Mikhaildgreat's time. We just need a couple of evolutionary steps in developing the exit strategy - and then this ought to be a nice pip generator.

Perhaps you could PM him to see if he'd take a look at it.
Hi Brentmack.. Possibly.. I want to try an make the exit more mechanical first.. At the moment I exit based on my profit within the week and a few discretionary descisions.
  • #35
  • Mar 27, 2007 6:35am Mar 27, 2007 6:35am
Here is an example of the power of using the RVI indicator to filter out ranging/Choppy markets..

Two no trades then one sell for i think 200 pips profit in the end.

So the RVI mostly protects you but on a rare occasion the RVI may cause you to enter late. But it can be worth it.
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  • #36
  • Mar 27, 2007 6:36am Mar 27, 2007 6:36am
Quoting TEB63
great please do
Try that zip TEB and tell me if it works. Also i posted more examples of the RVI as a protecter against ranging sessions
  • #37
  • Mar 27, 2007 6:39am Mar 27, 2007 6:39am
Quoting tbwss1234
Here is an example of the power of using the RVI indicator to filter out ranging/Choppy markets..

Two no trades then one sell for i think 200 pips profit in the end.

So the RVI mostly protects you but on a rare occasion the RVI may cause you to enter late. But it can be worth it.
BUT also notice you could have still made some pips from the two false signals...
  • #38
  • Mar 27, 2007 6:40am Mar 27, 2007 6:40am
system is for 30min charts ?
  • #39
  • Mar 27, 2007 6:41am Mar 27, 2007 6:41am
RVI, can you put it up here as i dont seem to have it
Its gonna happen, it will happen.....i know!
  • #40
  • Mar 27, 2007 6:44am Mar 27, 2007 6:44am
Quoting peterdxb
system is for 30min charts ?
30 min charts seem to be the most profitable for the gbp/jpy but you can use 1 hour and up
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