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

  • #141
  • Mar 29, 2007 4:15am Mar 29, 2007 4:15am
Hi fayeez, it's good to apply CCI 14 on 1 hour chart..
it's look good...
  • #142
  • Mar 29, 2007 4:26am Mar 29, 2007 4:26am
what should we use? or which one better? CCI 14 or RVI 100?
  • #143
  • Mar 29, 2007 4:52am Mar 29, 2007 4:52am
The CCI14 i suggested is for exit...
  • #144
  • Mar 29, 2007 9:03am Mar 29, 2007 9:03am
EA: Opened BUY on GBP/JPY @ 230.83

now up +32 pips
  • #145
  • Mar 29, 2007 9:09am Mar 29, 2007 9:09am
Quoting peterdxb
EA: Opened BUY on GBP/JPY @ 230.83

now up +32 pips
Nice work Peter. What time frame is your EA using?

Tim
  • #146
  • Mar 29, 2007 9:14am Mar 29, 2007 9:14am
read my post #133

Quoting peterdxb
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
Quoting tim4kaye
Nice work Peter. What time frame is your EA using?

Tim
  • #147
  • Mar 29, 2007 9:26am Mar 29, 2007 9:26am
Quoting fayeez
oppss sorry. 4h timeframe
Hi Fayeez,

Does it mean you are using this technique in a 4h time frame?

Thanks
RH
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #148
  • Mar 29, 2007 9:27am Mar 29, 2007 9:27am
Quoting TradeStar
Hi Fayeez,

Does it mean you are using this technique in a 4h time frame?

Thanks
RH
Sorry. I meant, you enter and exit using the ma cross on a 4hour?
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #149
  • Mar 29, 2007 9:39am Mar 29, 2007 9:39am
Quoting peterdxb
EA: Opened BUY on GBP/JPY @ 230.83

now up +32 pips
what EA are u using? do u mean EagleSignals.mq4? isnt it an indicator?
  • #150
  • Mar 29, 2007 9:40am Mar 29, 2007 9:40am
just a simple ma cross ea which i download from another forum.

am only using it to test the exit method

Quoting sepak.orang
what EA are u using? do u mean EagleSignals.mq4? isnt it an indicator?
  • #151
  • Mar 29, 2007 10:06am Mar 29, 2007 10:06am
Quoting tbwss1234
Thanks for your input..


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
Yep - I notice patterns popping up al the time. Obey them and I do well.
I'm pretty much done with all this ...
  • #152
  • Mar 29, 2007 10:07am Mar 29, 2007 10:07am
Quoting TradeStar
Sorry. I meant, you enter and exit using the ma cross on a 4hour?
I havent entered anything yet...it was just a backtest..enter during MA cross, exit when CCI goes back to 0....
  • #153
  • Mar 29, 2007 10:39am Mar 29, 2007 10:39am
Quoting str8deals
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?
I completey understand your point. It was just my observation that the Whipsaw was so infrequent that you may be missing more positive trades by waiting for the "Price exceeding Channel" setup before a Whipsaw condition is identifed. I'm going to only trade perfect setups until I have enough data to detemine the most profitable solution.

Thanks for sharing your experiance and insite.

Joe
  • #154
  • Mar 29, 2007 10:43am Mar 29, 2007 10:43am
its moving so slow
  • #155
  • Mar 29, 2007 1:09pm Mar 29, 2007 1:09pm
I have been trying something using a 4hr charts for a bunch of reasons - I don't want to hang around and watch the screen all night, I want to eliminate the whips, I think longer term is more stable and profitable, etc... so in playing with the set ups I found something interesting in regards to the exits (which is the problem we are out to solve, yes?). Well check this out:

If you set the period in the RVI to 1 on a 4hr chart something interesting happens. If you enter at a cross and stay in until the RVI line crosses 0 in the opposite direction and exit (not reverse, just exit and chill) and wait until it either crosses back (trend resumes) or it leads to a MA cross (reverse) you eliminate much loss of pipage.

There is for sure discretion involved in this (as we have established there is in everything) and I am just starting to test it but it was too cool not share.

check it out for yourself.
  • #156
  • Mar 29, 2007 1:29pm Mar 29, 2007 1:29pm
Can you please post a screen shot and directions on setting the RVI to 1 on a 4 hr chart? Thanks!
  • #157
  • Mar 29, 2007 2:13pm Mar 29, 2007 2:13pm
I don't know how to paste a screen shot but here is how you change the RVI to 1:

assuming you already have the indicator attached just right click on it and select: INDICATOR LIST. Then highlight the RVI indicator and select EDIT. Then in the parameters tab simple change the period from 10 (or whatever it is) to 1 and select OK.

that's it.
  • #158
  • Edited 3:07pm Mar 29, 2007 2:43pm | Edited 3:07pm
One of the best filters you can use in trading this method and many others is "to wait". When the ma's cross simply wait and watch how price reacts, then make your decision. Using waiting as a filter you will miss some of the move but your emotions will be minimized. For example when the ma's cross let price take off and then it will bounce/pullback, sometimes a little and sometimes alot, when it does that take a look at the highest high for buys and lowest lows for sells and put in a pending order 10-50 pips away from those price areas. With a pending order ie. buy stops and sell stops you are choosing the General direction of the trade but at the end of the day you are allowing price to choose the Specific direction when price moves and opens your position for you.
  • #159
  • Mar 29, 2007 3:32pm Mar 29, 2007 3:32pm
Quoting fritz
One of the best filters you can use in trading this method and many others is "to wait". When the ma's cross simply wait and watch how price reacts, then make your decision. Using waiting as a filter you will miss some of the move but your emotions will be minimized. For example when the ma's cross let price take off and then it will bounce/pullback, sometimes a little and sometimes alot, when it does that take a look at the highest high for buys and lowest lows for sells and put in a pending order 10-50 pips away from those price areas. With a pending order ie. buy stops and sell stops you are choosing the General direction of the trade but at the end of the day you are allowing price to choose the Specific direction when price moves and opens your position for you.
fritz,
I agree with your method. I also believe that the price action creates a pattern I like to place my order entry (10 pips away). And when I got fillled, I manage my trade by moving my stop loss until the price kicks me out. Check my pictures.

Regards,
Rick
Attached Images
I'm a disciplined trader and that's the only way I trade.
  • #160
  • Mar 29, 2007 3:42pm Mar 29, 2007 3:42pm
What a perfect entry.
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