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Eagle Method MA Crossover System

  • #201
  • Apr 1, 2007 12:23pm Apr 1, 2007 12:23pm
Hi there

Could you learned people assist a total novice. I've been watching this thread with great interest but I'm using a free chart setup I found on the net and it has nothing called an RVI indicator. It does have something called a momentum indicator - would this be the same thing ? If it isn't could I use stochastics instead ?

Grateful for any help

Cheers
  • #202
  • Apr 1, 2007 12:26pm Apr 1, 2007 12:26pm
Quoting chrisbedo
Try just adding a 21 ema and taking the cross for the exit. A shorter EMA might work better but the 21 is pretty good.

This along the lines of what I`m thinking.

First enter with 2 positions as the 9 MA crosses the 100 MA.

Exit one position when the 9 MA crosses the 20 MA opposite to the trend. (or 21 in your case)

Re-enter anytime the 9 crosses the 20 going WITH the overall position.

Exit first (overall) position only when the 9 re crosses the 100 line.


This way your sealing in some profits everytime the 9 crosses the 20 but you keep one position in for the entire move.

The second position is more like a long term scalping move but insures you keep more profit if the bigger move goes against you for a smaller profit.

Haven`t tested it out yet but I`ll try it tomorrow.

First post on this forum but I love this method so far. Looks like easy money ! (easier the better IMO)
  • #203
  • Apr 1, 2007 2:54pm Apr 1, 2007 2:54pm
Quoting bundubill
Hi there

Could you learned people assist a total novice. I've been watching this thread with great interest but I'm using a free chart setup I found on the net and it has nothing called an RVI indicator. It does have something called a momentum indicator - would this be the same thing ? If it isn't could I use stochastics instead ?

Grateful for any help

Cheers
Go to the website for InterbankFX.com. They have free charts and demo account. IBFX has all the indicators discussed in this thread and then some.

Tim
  • #204
  • Apr 1, 2007 3:25pm Apr 1, 2007 3:25pm
Quoting tim4kaye
Go to the website for InterbankFX.com. They have free charts and demo account. IBFX has all the indicators discussed in this thread and then some.

Tim

Thanks for that, greatly appreciated
  • #205
  • Apr 1, 2007 5:19pm Apr 1, 2007 5:19pm
Hi,

As far as exits, I've been using the 21SMA and it is working good. I reenter if price again goes above the 21SMA and the RVI is above 0.

I've also put the HA Mod on the chart. It also helps get you in a little sooner.
  • #206
  • Apr 1, 2007 5:33pm Apr 1, 2007 5:33pm
Quoting rcbarlow
Hi,

As far as exits, I've been using the 21SMA and it is working good. I reenter if price again goes above the 21SMA and the RVI is above 0.

I've also put the HA Mod on the chart. It also helps get you in a little sooner.

HA MOd????

Tim
  • #207
  • Apr 1, 2007 8:42pm Apr 1, 2007 8:42pm
i've read the thread from begining to end but can't seem to find the basis for choosing the 9 and 100 as ma values...

ma systems are my favorites but the 9/100 combination seems unusual...... anyone know of the reason for those 2...... thanks......h
to trade and code, keep both simple... no call to impress....h
  • #208
  • Apr 1, 2007 9:32pm Apr 1, 2007 9:32pm
Quoting hayseed
i've read the thread from begining to end but can't seem to find the basis for choosing the 9 and 100 as ma values...
The rationale was that this combination minimized the whipsaw effect. It was mentioned at least once, but perhaps not prominently.
  • #209
  • Apr 1, 2007 9:45pm Apr 1, 2007 9:45pm
hey brent..... thanks for the reply.... i noticed the whipsaw statement but guess i was expecting something else in addition to it....... thanks again......h
to trade and code, keep both simple... no call to impress....h
  • #210
  • Apr 1, 2007 10:12pm Apr 1, 2007 10:12pm
on the p-sar just use the standard .02 step and.2 for Max
  • #211
  • Apr 2, 2007 1:29am Apr 2, 2007 1:29am
Quoting tbwss1234
Hi str8deals thanks for you fantastic suggestion..

I have implemented it and am using it.. It has been working on the 30 min as well for the GBP/JPY...

What i am doing now is

1. ENTER ON CROSS
2. CHECK RVI if it's past zero then it will be a nice move and i can let it run.. If it isn't past ZERO then i watch the trade carefully
3. I wait for the price to hit the outer channel (125) then I move to the 5 min TF.. If it retraces by 30 pips i exit the trade.. If it passes the channel i then...
4. Hold the position and implement a 50 pip trailing stop..
hi tbwss1234,thanks for sharing and constantly updating your system,but i do have some questions,
1.do u actually enter the trade when the MAs cross or when the price touches the 100SMA and about to cross it?
2.i guess u have been trading live using this system for some time now,hows the success rates?
3.can this system be used for new trading? thanks
  • #212
  • Apr 2, 2007 3:49am Apr 2, 2007 3:49am
Quoting fxnewbie 71
hi tbwss1234,thanks for sharing and constantly updating your system,but i do have some questions,
1.do u actually enter the trade when the MAs cross or when the price touches the 100SMA and about to cross it?
2.i guess u have been trading live using this system for some time now,hows the success rates?
3.can this system be used for new trading? thanks

Hi there.. You enter on the close of the candle after the cross. And I have been doing well.
  • #213
  • Apr 2, 2007 3:53am Apr 2, 2007 3:53am
TBW,

GBP now moving up nicely
  • #214
  • Apr 2, 2007 3:54am Apr 2, 2007 3:54am
Hi there. Just like to say this is fantastic that minds are coming together to evolve this system, we've had some great suggestions..

Here is something i have been doing to try and determine exits and it looks promising.

ADD the 125 pip trend lines as per previous post.
ADD 65 pip trend lines
BOTH to the 100 SMA

And on the 9SMA
ADD 45 pip and - 45 pip lines to it.

I exit when the 45 pip channel line crosses back over the 100 SMA.
  • #215
  • Apr 2, 2007 4:11am Apr 2, 2007 4:11am
So now we waitin 45pip channel line to crossdown with 100SMA to exit our buy trade ?

how to use 65pip channel of 100sma? 9cross with 65 looks good for re-entry

Quoting tbwss1234
I exit when the 45 pip channel line crosses back over the 100 SMA.
  • #216
  • Apr 2, 2007 4:24am Apr 2, 2007 4:24am
Hi guys, seems like a nice system. I use a similar setup, but I prefer to use something a little slower moving than a 9 period SMA, but as in any system, the number of parameter combinations is infinite so at some point you just have to go with your gut. I guess your gut says 9 and who am I to argue with another person's gut?

There are 2 contributions I would like to make:
1. Use ADX and other trend indicators along with an eye or two on fundamentals to HELP you determine whether the market is ranging or trending on a longer term. It helps to keep that type of info in the back of your mind.

2. Instead of using fixed levels at 125, 65, etc, you may want to consider using bollinger bands instead in order to take into account market volatility. Although I think the 125 number is a good one at most times, there are times when using fixed levels becomes inadequate. Try to set the b.band parameters so that you are near that 125 level during "normal" trading volumes/volatility. Watch the bands shrink and adjust exit levels accordingly.

Cheers.
  • #217
  • Apr 2, 2007 9:19am Apr 2, 2007 9:19am
Sorry to interrupt this intelligent debate with one of my newbie questions guys, but earlier in the thread twbss1234 said he didn't use stoplosses but I assume if you leave the trade on overnight and you want a good nights sleep you would use a stoploss ?

Cheers
  • #218
  • Apr 2, 2007 9:42am Apr 2, 2007 9:42am
does this system also work in eurjpy , what do you think?
  • #219
  • Apr 2, 2007 10:38am Apr 2, 2007 10:38am
Quoting tbwss1234
Hi there. Just like to say this is fantastic that minds are coming together to evolve this system, we've had some great suggestions..

Here is something i have been doing to try and determine exits and it looks promising.

ADD the 125 pip trend lines as per previous post.
ADD 65 pip trend lines
BOTH to the 100 SMA

And on the 9SMA
ADD 45 pip and - 45 pip lines to it.

I exit when the 45 pip channel line crosses back over the 100 SMA.
hai..i dont really understand about this exit rule. Perhaps you can post a picture about this strategy also with the explanation..Thanks a lot
  • #220
  • Apr 2, 2007 10:49am Apr 2, 2007 10:49am
Quoting tbwss1234
Hi there. Just like to say this is fantastic that minds are coming together to evolve this system, we've had some great suggestions..

Here is something i have been doing to try and determine exits and it looks promising.

ADD the 125 pip trend lines as per previous post.
ADD 65 pip trend lines
BOTH to the 100 SMA

And on the 9SMA
ADD 45 pip and - 45 pip lines to it.

I exit when the 45 pip channel line crosses back over the 100 SMA.

im sorry if this is a silly question. actually im a bit confused about the exit you mentioned.

should i exit on 45 pip line crossing the 100 SMA or -45 pip line crossing the 100 SMA or... both of it must be crossing the 100 SMA and then close the position?
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