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Attachments: Eagle Method MA Crossover System
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Eagle Method MA Crossover System

  • #101
  • Mar 28, 2007 11:43am Mar 28, 2007 11:43am
How do you create this channel? Is this a standard indicator within Metatrader and you just change the settings to your method or is this programmed code? It looks to be a good solution to preserving some hard earned pips. By the way I have about 200+ pips profit on this current crossover. Thanks for the method
  • #102
  • Mar 28, 2007 11:56am Mar 28, 2007 11:56am
Edit your 100 sma, and add levels of 125 and -125
  • #103
  • Mar 28, 2007 11:59am Mar 28, 2007 11:59am
Thanks
  • #104
  • Mar 28, 2007 1:33pm Mar 28, 2007 1:33pm
Quoting str8deals
TBWSS,

I like to play with ma crosses on GBP/JPY to get some nice trend runs. I am attaching a description of what I would do with your crosses to define your exit and reduce the whip. It is a pretty big departure from your simple cross, which is why I'm attaching it rather than adding it to your thread.

i'll delete it if you want.

I hope the description is good enough, but I can answer any questions if not.
This cross combination was obviously very powerfull. All thanks to tbwss1234 for picking it out and sharing it.

I have not forward tested or backtested but after reading the modification that str8deals shared I believe we may be close to the goal of this thread!!!!


Thanks for all of your help!!!!
  • #105
  • Mar 28, 2007 3:33pm Mar 28, 2007 3:33pm
Str8,
I've been F12ving through the years checking out the way Price interactes with the Channels you suggested.

If you only trade crosses where price exceeded the channel on the previous move it does indeed avoid the Whip.

Although extreem there only appears to be a couple periods of Whip with this MA Combination and they seem to happen in groups. (Maybe once or twice a year)

Would it make sense to take all crosses regardles of price exceeding the Channel until a loss? After the first Loss wait for Price to exceed the Channel for a "Perfect Setup". (Similar to 4hour tunnel and Vegas rules)

Looking at several months of data, several profitable trades whould have been missed waiting for the "Perfect Setup".

I'll try to do a manual Backtest of 2 years to see what the numbers look like.

Either way I'm really excited about this system and the additions you have provided.

Joe
  • #106
  • Mar 28, 2007 4:20pm Mar 28, 2007 4:20pm
Quoting Nybegynner
Yeah, but I also see that you have to potential to loose a couple of hundred pips before you make any profitt. And the exel file use an insane risk model. 30% in the beginning? Thats two really bad trades, and your account is pretty much history!

If you look at this years performanse, then the RVI would kept you out of a lot of the really awesome trades. If you remove the RVI, then your account is going to get KILLED in the choppy markets. Look at eg june.


And as a sidenote: if you have nothing else to say than "read the thread and you will understand" then it's better to keep the mouth shut.
All of what you are saying is oh so wonderful.. But as a beginner you need to understand that any trading system is discretionary.. So for example if sometimes you FEEL like the RVI isn't necessary don't use it. And when you understand the patterns of the market you will be able to see DURING ASIA that it is ranging etc..

Haha and mate, look at the EXCEL sheet properly you set you own risk model.. It can be 1% or 100%... read it properly..

NO system is going to win 100% of the time.. And their is no such thing as MECHANICAL.. You need to apply your own decisions.. SO if you see a market ranging get out..

And as i said when it is whipsawing make smaller profits..

So i suggest either you start paper trading this system and seeing how powerful it is, and using your DISCRETION to exit.. Or try something else..

And you don't have the potential to lose a couple of hundred pips. That's sounds like your not looking at this method properly. This system will protect you.

So enough said, guys let's get back to improving the exit.. This thread needs to progress
  • #107
  • Mar 28, 2007 4:25pm Mar 28, 2007 4:25pm
Quoting peterdxb
Here is a chart of 8th FEB, SELL traded loss of 100pips (whipsaw) if profits not locked or improper stops prior to CrossUP on 30min chart.

But i checked it again as per the exit rules i mentioned in previous post, loss on the same signal would have been less then 20pips .

1. CrossDOWN on 30min chart SELL @ 237.13
2. CrossUP on 5min chart , so we Exit SELL @ 237.20
3. CrossUP on 15min chart
3. CrossDown on 15min chart, so re-entry SELL @ 236.62
4. CrossUP on 5min chart so Exit SELL @ 236.73
Your idea is great for the 5 Min exit.. Let's keep trying it and see how it goes..

Cause if you look at the crosses their is still protential for profit.. You usually get 1-2 big moves and 15 small moves a month
  • #108
  • Mar 28, 2007 4:32pm Mar 28, 2007 4:32pm
Quoting StoragePro
This kind of MA based solution works nicely in a trending market - and FX is the trendingest (a real word?) market there is. The difficulty is detecting a ranging market. Ranging is only recognized as it clips you. Then you can build a strategy for taking adavantage of it. Box Plays come to mind.

RVI is a help - I would suggest going back and applying some basic Technical Analysis on price action to help detirmine entry and exit points. Pivots would be a help too. Daily, Weekly and Monthly. Confluence of S/R lines are like solid walls very often and indicate a great exit point.

Plain old indicators gets you part way there.

Multi Timeframes is likewise an excellent thing to observe. I personally like to trade *with* the larger trend as it results in higher probability trades. MA's, Stoch's, MACD, etc - pick your poison.

In all - you'll never catch every trade. You'll never win every one. You can learn to recognize one that is not working out. Discipline will enable you to get out of it before you get completely smashed.

Last thought - I really like scaling into a trade. Start with a toe in the water, and then scale in as it goes your way. Scale out as milestones are hit - pivots or touching a previous swing high/low for example. In this way, our pain is minimized in a bad trade, and you are consistently ringing the cash register on the way up.

Anyone notice that this kind of trading works kind of nice on a daily chart too? After a nice trend, I see that we tend to see a period of consolidation. Either play this as a box play or find a different instrument. Something is always on the move.
Thanks for your input..

I have traded a for a while.. And ranging markets are very easy to detect.. Not from indicators but from you watching the market..

It goes like this.

ASIA. in the first hour of activity it will either create a range of trend.. If it ranges Europe will break out and so on.. It always happens this way..

I like the previous suggestion about implementing time frames.. As this cross method gives you profit on EVERY single trade just depends on how much..

SR and other technicals can work well when using it for scalping.. When you catch a big move, just focus on the simplicity of the MA's and the market.

I've met quite a few pro traders in my time and you would be shocked to know how simple their methods are.. It's all about UNDERSTANDING the patterns of the price activity
  • #109
  • Mar 28, 2007 4:38pm Mar 28, 2007 4:38pm
Quoting str8deals
TBWSS,

I like to play with ma crosses on GBP/JPY to get some nice trend runs. I am attaching a description of what I would do with your crosses to define your exit and reduce the whip. It is a pretty big departure from your simple cross, which is why I'm attaching it rather than adding it to your thread.

i'll delete it if you want.

I hope the description is good enough, but I can answer any questions if not.
Great idea.. Let's look into this..

SO guys we have 2 fantastic ideas form guys in this forum..

1. Using this channel method to exit
2. Using 30 min to enter and 5min cross to exit and 15 min to re-enter..

Now let's start trading it and see the results..
  • #110
  • Mar 28, 2007 4:53pm Mar 28, 2007 4:53pm
hi,

Just a quick note, i've read the system and like the look of it.

How many of you are trading it live?

thanks

N
  • #111
  • Mar 28, 2007 5:40pm Mar 28, 2007 5:40pm
Quoting tbwss1234
All of what you are saying is oh so wonderful.. But as a beginner you need to understand that any trading system is discretionary.. So for example if sometimes you FEEL like the RVI isn't necessary don't use it. And when you understand the patterns of the market you will be able to see DURING ASIA that it is ranging etc..

Haha and mate, look at the EXCEL sheet properly you set you own risk model.. It can be 1% or 100%... read it properly..

NO system is going to win 100% of the time.. And their is no such thing as MECHANICAL.. You need to apply your own decisions.. SO if you see a market ranging get out..

And as i said when it is whipsawing make smaller profits..

So i suggest either you start paper trading this system and seeing how powerful it is, and using your DISCRETION to exit.. Or try something else..

And you don't have the potential to lose a couple of hundred pips. That's sounds like your not looking at this method properly. This system will protect you.

So enough said, guys let's get back to improving the exit.. This thread needs to progress

Ok, so you dont have any solid rules for knowing when to stay in the market or not. If you dont see how you would have lost a buch of pips with the exit you sugested, then you better backtest again.

"the system protects you" is true only to a certian degree, cause the RVI as you use it will keep you out of quite a few of the good trades as well (like yesterday's sell) so if you don't have any rules for when to use it or not, then you might as well just skip it. In fact you dont even have a system yet, just a framework to build a sytem on. Sure you can trade mechanical, just not with the 1000+% a year that most of the people in here dream about.

I have backtested this system with stocks, histstepstock, rvi, rsi today, and nothing of it will tell you not to enter and get whiped. You can reduce the whipping with 40/50% though. I actually found HistStepStock to be a better filter than RVI.

Most people in here dont realise that if they make 100% in a year, that is VERY good ROI.
  • #112
  • Mar 28, 2007 6:19pm Mar 28, 2007 6:19pm
Quoting Nybegynner

Most people in here dont realise that if they make 100% in a year, that is VERY good ROI.
100% a year is a brutal/amazing/super/great/wonderfull ROI and any REAL trader would love that!
  • #113
  • Mar 28, 2007 6:24pm Mar 28, 2007 6:24pm
Quoting Miguel
100% a year is a brutal/amazing/super/great/wonderfull ROI and any REAL trader would love that!

Yes it is, 100% a year is world class! If you had 100% a year on average then you would not have any trouble to get work at huge hedge funds.
  • #114
  • Mar 28, 2007 6:28pm Mar 28, 2007 6:28pm
One other suggestion on entry:

For Long Entry:

1) 9 Ma crosses 100 (Original condition)

AND

2) Order is placed few pips above the high of the first candle that actually closed above the 100 sma

This way you can even place an entry order in advance.


The reverse applies for Short entry.

This can reduce the whipsaws to a great extent.

- RH



Quoting tbwss1234
Great idea.. Let's look into this..

SO guys we have 2 fantastic ideas form guys in this forum..

1. Using this channel method to exit
2. Using 30 min to enter and 5min cross to exit and 15 min to re-enter..

Now let's start trading it and see the results..
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #115
  • Edited 6:44pm Mar 28, 2007 6:32pm | Edited 6:44pm
Quoting Nybegynner
Ok, so you dont have any solid rules for knowing when to stay in the market or not. If you dont see how you would have lost a buch of pips with the exit you sugested, then you better backtest again.

"the system protects you" is true only to a certian degree, cause the RVI as you use it will keep you out of quite a few of the good trades as well (like yesterday's sell) so if you don't have any rules for when to use it or not, then you might as well just skip it. In fact you dont even have a system yet, just a framework to build a sytem on. Sure you can trade mechanical, just not with the 1000+% a year that most of the people in here dream about.

I have backtested this system with stocks, histstepstock, rvi, rsi today, and nothing of it will tell you not to enter and get whiped. You can reduce the whipping with 40/50% though. I actually found HistStepStock to be a better filter than RVI.

Most people in here dont realise that if they make 100% in a year, that is VERY good ROI.
NYbegynner it's good to see you are looking at other filters..

Take a look at some of the suggestions.. I wouldn't focus on filtering entry so much as determining an exit strategy. The channel exit looks great and also the timeframe method.

NO SYSTEM WILL WORK WITHOUT YOU WATCHING THE MARKET!

And again GUYS instead of focusing on backtesting.. You need to paper trade and develop strategies based on that.. NO PRO trader backtests... It is a waste of time.. Seriously

AGAIN.. Just know that this CROSS gives you a great entry, so let's PLEASE focus only on

1. EXIT FOR TREND
2. EXIT FOR RANGING MARKETS
3. Money Management.

Hopefully this will clear things up and allow us to progress

And hah of course it isn't a finished system yet.. Thats why it is in this thread..

AND guys i believe with the CHANNEL EXIT and TIMEFRAME EXIT we could be onto something.. EVEN WITHOUT THE RVI
  • #116
  • Mar 28, 2007 6:34pm Mar 28, 2007 6:34pm
Also, the 9 and 100 SMA will filter small whipsaws.. Larger whipsaws are great for small profit takng..

The Channel method looks great for filtering exits.

I am going to work on a word DOC this weekend
  • #117
  • Mar 28, 2007 6:36pm Mar 28, 2007 6:36pm
Quoting n_aftab
hi,

Just a quick note, i've read the system and like the look of it.

How many of you are trading it live?

thanks

N
Hi N-AFTAB

Make sure you read the entire thread to learn exits
  • #118
  • Edited 7:00pm Mar 28, 2007 6:44pm | Edited 7:00pm
Quoting Nybegynner
And as a sidenote: if you have nothing else to say than "read the thread and you will understand" then it's better to keep the mouth shut.
You're speaking to the man who started this thread. I don't believe you'd want to run a poll on who should keep their mouth shut, would you?

Some of us earned over 200 pips in the last 12 hours. Did you get your share? And if not, why not?

Each of us is interested in earning and KEEPING as many pips as possible. Your input toward that goal is welcome. Being disagreeable in a disrespectful manner isn't - particularly when it's directed at the originator of this thread.
  • #119
  • Mar 28, 2007 6:47pm Mar 28, 2007 6:47pm
Quoting brentmack
You're speaking to the man who started this thread. I don't believe you'd want to run a poll on who should keep their mouth shut, would you?

Some of us earned over 200 pips in the last 12 hours. Did you get your share? And if not, why not?

Each of us is interested in earning and KEEPING as many pips as possible. You imput toward that goal is welcome. Being disagreeable in a disrespectful manner isn't - particularly when it's directed at the originator of this thread.
Your right brentmack. thanks for the great input..

Let's all just focus on trading the system and ignore anything that;s unproductive..

I'm happy you made some pips..
  • #120
  • Mar 28, 2007 7:09pm Mar 28, 2007 7:09pm
Quoting TradeStar
One other suggestion on entry:

For Long Entry:

1) 9 Ma crosses 100 (Original condition)

AND

2) Order is placed few pips above the high of the first candle that actually closed above the 100 sma

This way you can even place an entry order in advance.


The reverse applies for Short entry.

This can reduce the whipsaws to a great extent.

- RH
Nice idea.. Thanks for the input.. Let's look into it
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