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Simplest Daily EMA Cross System

  • #101
  • Feb 17, 2009 10:43am Feb 17, 2009 10:43am
Quoting skyline
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.
Hi Skyline,

Another questions - and forgive me if I am beating this again - is there a way we can check for crosses on Price_Open and on Price_Close (beginning and end of candlestick) - I have not programmed in mql4 although i am a developer by trade

Cheers,

Geribosi
  • #102
  • Feb 17, 2009 5:40pm Feb 17, 2009 5:40pm
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...
Hello Skyline: If you look at it historically it works just fine the issue shows itself with current data. The way the indicator is written originally it looks at a previous candle, the current candle and a candle that occurs in the future. So lets say that at the close of today a new candle forms and you get an entry signal on yesterdays candle, it is possible because it is looking at todays candle as well for price to move enough to erase the arrow that appeared. The problem comes when it does that, the arrow will stay there until you change timeframes and then return. If I get some time tonight, I will load it on a lower timeframe and post some examples of what I mean.
  • #103
  • Feb 17, 2009 6:16pm Feb 17, 2009 6:16pm
For today Feb 28, I got these list:

AUDCAD Short @ 0.8031
AUDJPY Short @ 58.64
CADJPY Short @ 73.00
EURGBP Short @ 0.8833
EURJPY Short @ 116.26
Attached Image
  • #104
  • Feb 17, 2009 6:40pm Feb 17, 2009 6:40pm
ogmt feb 18

two trades today

Audjpy short @ 5875

Eurogbp short @ 8833

Note the other pairs I'm following are no trades.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aj.gif Size: 13 KB
Click to Enlarge Name: eg.gif Size: 14 KB
  • #105
  • Feb 18, 2009 7:45am Feb 18, 2009 7:45am
Quoting magnumfreak
Hello Skyline: If you look at it historically it works just fine the issue shows itself with current data. The way the indicator is written originally it looks at a previous candle, the current candle and a candle that occurs in the future. So lets say that at the close of today a new candle forms and you get an entry signal on yesterdays candle, it is possible because it is looking at todays candle as well for price to move enough to erase the arrow that appeared. The problem comes when it does that, the arrow will stay there until you change timeframes...
I've told about this issue a couple of times. But people prefer not to hear this...
  • #106
  • Feb 18, 2009 1:30pm Feb 18, 2009 1:30pm
I will not be posting at 0 gmt today, I will post again later on some of the issues i have trading like this.
  • #107
  • Feb 18, 2009 1:36pm Feb 18, 2009 1:36pm
Quoting ragnakore
For today Feb 28, I got these list:

AUDCAD Short @ 0.8031
AUDJPY Short @ 58.64
CADJPY Short @ 73.00
EURGBP Short @ 0.8833
EURJPY Short @ 116.26
Almost a new day. These aint looking good.
  • #108
  • Feb 18, 2009 4:30pm Feb 18, 2009 4:30pm
Hi All,

Just come accross this simple system and started playing around with different MAs.
Thanks Dreamliner for all your time and input to this thread. Just wondered if you had tried various MA combinations.
I found that changing the 8EMA on close to a 8 SMA on a Weighted close gave slightly earlier signals on the whole (although not all the time).

Please see attached charts showing the two variations, the big red/green arrows are your 5/8 EMA indicator.

Any comments?

Regards

Madog
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5-8emaxover.tpl.gif Size: 12 KB
Click to Enlarge Name: 5-8emaxover2.tpl.gif Size: 11 KB
  • #109
  • Feb 18, 2009 7:50pm Feb 18, 2009 7:50pm
Quoting DannyW
ogmt feb 18

two trades today

Audjpy short @ 5875

Eurogbp short @ 8833

Note the other pairs I'm following are no trades.

First of all here are the results of the first trades.

Aud Jpy Closed @ 5986 = -111 Points

EuroGbp Closed @ 8822 = + 11 Points

Ok as I posted earlier I have some issues with trading indicators and already after not using any for over a year now it has only taken me a couple of days to relise why I stopped using them and how my trading stlye had developed without them.
I,m going to post a couple of chart with details on why trading Mavs alone is not advisable.
Now some people here probably have put a lot of work in to developing a method of trading indicators and are successful at it, it really is just a personal thing that I have against them and I actually finding them really conflicting to how I think.
Now I'am going to mention that the market only trends about 30% of the time so that pretty well somes it up that Mav crosses are going to do it tough. (note the 30% figure is what I have heard quoted but many traders over the years, compress a chart up and it should become clear that ranging is the main type of movement.
I think when looking at these mavs and for people who want to use them, should pay attention to support and reasistance as well as candle patterns.
Here are some charts of my point.

So I think a bit more attention needs to be taken to what the chart is saying rather then trade the mavs blindly.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aj.gif Size: 18 KB
Click to Enlarge Name: gj.gif Size: 19 KB
  • #110
  • Feb 18, 2009 9:43pm Feb 18, 2009 9:43pm
Most MA crossing systems dont work because people take MAs that are close together and get whipsawed brutally during ranging times... try the 11-50 MAs on Guppy. Last crossed down in aug, just crossed back up friday. In the area of 8000 pips minus swap. probably some gut-wrenching drawdown, but it works.
  • #111
  • Feb 20, 2009 9:36am Feb 20, 2009 9:36am
Feb 20, the signals would be:

Long AUDJPY @ 60.61..

in red also
  • #112
  • Feb 20, 2009 9:59am Feb 20, 2009 9:59am
Quoting trevwest
Most MA crossing systems dont work because people take MAs that are close together and get whipsawed brutally during ranging times
I agree with that. Another thing I've found is that even with the right MAs, most crossover systems are only mildly profitable. A truly profitable MA crossover system must also have good money management and pyramiding into trades. If you identify a solid trend, there's nothing wrong with adding to a position based on ATRs. That will take a good, profitable MA system and turn it into a great one. Example here: http://www.forexfactory.com/showthread.php?t=145135
  • #113
  • Feb 20, 2009 10:25am Feb 20, 2009 10:25am
Quoting trevwest
Most MA crossing systems dont work because people take MAs that are close together and get whipsawed brutally during ranging times... try the 11-50 MAs on Guppy. Last crossed down in aug, just crossed back up friday. In the area of 8000 pips minus swap. probably some gut-wrenching drawdown, but it works.
I agree on this..
MA cross system accrue huge losses during those time when price is consolidating and thus producing lots of MA Crossing all over:
Sell, hours later Buy, hours later sell, hours later buy, repeat...

But honestly, doing a simple single 100 SMA on a daily chart would be profitable albeit needing HUGE drawdown intraday. When a crossover happens, just stick with it till it runs out. SELDOM will you encounter this though.. perhaps once or twice in a year.
This is for EXTREMELY Long Term Traders. Scalpers and most novices will surely NOT want it.
  • #114
  • Feb 22, 2009 4:13am Feb 22, 2009 4:13am
Hi
I'm using this system real account 30 min TF. I have a graet problem.
When 2 ema close each other and cross and signal appear, but after 1-2 min later signal disarppeared and crossing down and repeat this.

1. Are there any EA or indicator calculating after crossing time.
2. How can I see ema's value digitally on screen.
Thanks

Quoting Madog
Hi All,

Just come accross this simple system and started playing around with different MAs.
Thanks Dreamliner for all your time and input to this thread. Just wondered if you had tried various MA combinations.
I found that changing the 8EMA on close to a 8 SMA on a Weighted close gave slightly earlier signals on the whole (although not all the time).

Please see attached charts showing the two variations, the big red/green arrows are your 5/8 EMA indicator.

Any comments?

Regards

Madog
  • #115
  • Feb 23, 2009 6:33am Feb 23, 2009 6:33am
Quoting hipofiz
Hi
I'm using this system real account 30 min TF. I have a graet problem.
When 2 ema close each other and cross and signal appear, but after 1-2 min later signal disarppeared and crossing down and repeat this.

1. Are there any EA or indicator calculating after crossing time.
2. How can I see ema's value digitally on screen.
Thanks
Hi hipofiz

I'm not sure if I should be the one to answer your question but since you quote my post, here goes.

The system explained on this thread is one to be used on the Daily timeframe, I doubt wether it is applicable on the shorter timeframes as your question asks.

In my post I was merely asking the question of wether anybody had experimented with different MAs in order to try and get a better entry signal, I was not changing the MA values only the type of MAs used ie "8EMA on close to a 8 SMA on a Weighted close"

Regarding your 2nd point you can see all values by pressing the "Data Window" button at the top of the menu bar in Metatrader.

Always start your trading with the longer timeframe. If you cannot master finding the trades here then opting for the shorter timeframes is suicide.

Regards

Madog
  • #116
  • Feb 23, 2009 6:50am Feb 23, 2009 6:50am
EMA crossovers have been so good to me,
but
should not be used alone, i do combine them with other stuff too.
my setups are based on 30 min TF, 50 and 200

good luck to you all
  • #117
  • Feb 23, 2009 5:01pm Feb 23, 2009 5:01pm
please explain further our system

Quoting arthurb
EMA crossovers have been so good to me,
but
should not be used alone, i do combine them with other stuff too.
my setups are based on 30 min TF, 50 and 200

good luck to you all
  • #118
  • Mar 4, 2009 3:16am Mar 4, 2009 3:16am
Hi Dreamliner,

In the rules you say that if the EMAs have crossed " enter a market order in the direction of the cross." Please forgive a really simple question, but what exactly does this mean? How can two crossing lines have a direction? (I can see that if both are trending in the same direction, the direction is obvious, what about if one EMA is trending up and the other down?)

Thanks.
  • #119
  • Mar 4, 2009 8:30am Mar 4, 2009 8:30am
Quoting lostagen
Hi Dreamliner,

In the rules you say that if the EMAs have crossed " enter a market order in the direction of the cross." Please forgive a really simple question, but what exactly does this mean? How can two crossing lines have a direction? (I can see that if both are trending in the same direction, the direction is obvious, what about if one EMA is trending up and the other down?)

Thanks.
If fast EMA crosses slow upward, the trend is up; if fast EMA crosses the slow EMA downward, trade down.
  • #120
  • Mar 9, 2009 1:15pm Mar 9, 2009 1:15pm
Hi everyone,

Is there anyone who can modify Dreamliner's EMA Crossover indicator on page 1 of this thread to add email alerts? Thanks.
Up or down, gimme a ticket
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