Eagle Method MA Crossover System | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

^eagle^'s trading method 53 replies

JCPFX's Crossover Method 12 replies

RSI Crossover Method EA Reqd 1 reply

backtesting crossover method 0 replies

Open/Close Crossover Method 179 replies

Attachments: Eagle Method MA Crossover System
Exit Attachments

Eagle Method MA Crossover System

  • #121
  • Mar 28, 2007 7:18pm Mar 28, 2007 7:18pm
Quoting tbwss1234
But as a beginner you need to understand that any trading system is discretionary..
thats ridiculous. any system that relies on discretion will fail eventually.
  • #122
  • Mar 28, 2007 7:29pm Mar 28, 2007 7:29pm
Quoting aicccia
thats ridiculous. any system that relies on discretion will fail eventually.
You miss the point.. Discretion meaning to make human decisions based on the the system you have in place.. No system is 100% mechanical..

Watching price bouncing of SR lines and trading is discretionary.. Entering carry trades based on news speculation is discretionary..

Of course you need to have the system running brilliantly but it will be your discretion as an individual that will determine your profit..

Anyway.. This is getting annoying.. STOP posting unless it is productively related to this system.. Save your debates for some where else..
  • #123
  • Mar 28, 2007 7:44pm Mar 28, 2007 7:44pm
Guys what we can look at doing is..

1. Maybe when you enter the cross.. Exit positions at the 125 CHANNEL..
2. Then if it still wants to go down.. Cut down to smaller timeframes..

So implement both suggestions and we could be onto a real winner here
  • #124
  • Mar 28, 2007 7:57pm Mar 28, 2007 7:57pm
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?


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.
No I didn't with that remark. Maybe run a pol about who's able to read?
  • #125
  • Mar 28, 2007 9:15pm Mar 28, 2007 9:15pm
Can we apply it with GBP/USD?
  • #126
  • Mar 28, 2007 9:21pm Mar 28, 2007 9:21pm
Quoting budi_838
Can we apply it with GBP/USD?
Back test it and you will find out.

Looks best on GBP/JPY though. Volatile and with sweet long trends when they kick in.
  • #127
  • Mar 28, 2007 10:03pm Mar 28, 2007 10:03pm
i would only recommend this idea for the GBP/JPY because you will gain massive moves that will also keep you in profit.. And I have only been trading it will this pair and haven't lost a month yet.. It's been 6 months worth of trading.

If you trade every cross by the end of each month you are in profit.. using the GBP/JPY on a 30 min or 1 hour chart..
  • #128
  • Mar 28, 2007 10:21pm Mar 28, 2007 10:21pm
Quoting nutmg12

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".


Joe

At the end of the day, it's all about risk tolerance.

To me, I would rather have fewer losing trades, and end up missing some of the moves, than to keep trading until I hit a loss. It's actually kind of empowering to be on the sidelines during a big move that didn't fit your rules. It means you did the right thing.

There will always be another trade/trend. You're never going to hit all the good ones, but why not just take the higher probability setups?
Follow my advice at your own peril....
  • #129
  • Mar 28, 2007 10:25pm Mar 28, 2007 10:25pm
Quoting tbwss1234
i would only recommend this idea for the GBP/JPY
Yes, GBP/JPY is the greyhound of currency pairs. It moves!

But perhaps tbwss is being too modest. A quick look at NZD/USD - which trends nicely and pays more per pip - indicates that you might want to keep an eye on that pair in your spare time and pick up a little spare change.

That way you've got a second option and it's not correlated to either the pound or the yen.
  • #130
  • Mar 28, 2007 10:29pm Mar 28, 2007 10:29pm
Quoting budi_838
Can we apply it with GBP/USD?
If you want to apply a channel to the GBP/USD

Set it to 55
Follow my advice at your own peril....
  • #131
  • Mar 28, 2007 10:36pm Mar 28, 2007 10:36pm
Also. I forgot to add it's worth avoiding news time..

I'll refine the system based on input so far and post it up on the weekend.
  • #132
  • Mar 29, 2007 12:19am Mar 29, 2007 12:19am
Quoting tbwss1234
Also. I forgot to add it's worth avoiding news time..

I'll refine the system based on input so far and post it up on the weekend.
looking forward to this weekend! thanks for sharing.
  • #133
  • Mar 29, 2007 12:36am Mar 29, 2007 12:36am
i am running ea for this, more to test the exit methods.

three ea's one for 30min chart, one for 15min chart and one for 5min chart.

All exit rules as per my previous post (timeframe based exit/re-entries)

Will report the progress...

mean time i can test exits as suggested in this thread
  • #134
  • Mar 29, 2007 12:40am Mar 29, 2007 12:40am
SELL trade of 27March. and exit of 5min setup.

Thick red line entry, and thin red line exit of 5min.
Attached Image
  • #135
  • Mar 29, 2007 1:00am Mar 29, 2007 1:00am
Hi, I have a suggestion for exit.
I tried adding CCI 14. How it works?

Firstly,

During entry,make sure when MA9 crosses MA100,

Long, CCI is above 0
Short, CCI is below zero

THEN,

EXIT, wait for CCI goes back to 0...

my english sucks so plz see the picture for a clearer view thanx.

Do you think adding SHI channel will do any good?For example if a cross happens(LONG) near the top of the channel, it can make a u turn...Correct me if I'm wrong


http://img441.imageshack.us/img441/9799/ssft8.jpg
  • #136
  • Mar 29, 2007 1:05am Mar 29, 2007 1:05am
is that 30min chart ?
  • #137
  • Mar 29, 2007 1:11am Mar 29, 2007 1:11am
Quoting fayeez
Hi, I have a suggestion for exit.
I tried adding CCI 14. How it works?

Firstly,

During entry,make sure when MA9 crosses MA100,

Long, CCI is above 0
Short, CCI is below zero

THEN,

EXIT, wait for CCI goes back to 0...

my english sucks so plz see the picture for a clearer view thanx.

Do you think adding SHI channel will do any good?For example if a cross happens(LONG) near the top of the channel, it can make a u turn...Correct me if I'm wrong


what timeframe are u using for this 'exit' method? is it suitable for any timeframe?
  • #138
  • Mar 29, 2007 1:17am Mar 29, 2007 1:17am
oppss sorry. 4h timeframe
  • #139
  • Edited 1:31pm Mar 29, 2007 3:18am | Edited 1:31pm
Thanks for the method and input everyone.

Here is a Ma cross alert that I hacked around for this strategy.
Attached File(s)
File Type: mq4 9 and 100 CrossedAlerts.mq4   3 KB | 1,061 downloads
Our IMAGINATION is the true holy grail!
  • #140
  • Mar 29, 2007 4:05am Mar 29, 2007 4:05am
You can use this too, only gives one alert on the cross. It has visible as well email alerts.
Attached File(s)
File Type: mq4 EagleSignals.mq4   5 KB | 1,065 downloads
1 trader viewing now