Eagle Method MA Crossover System

autolox, stock and RVI are oscilators and when a market trends they can stay hat high or low levels for longer periods of time, or sometimes not much of a sell off will bring them to the opposite and then its off again. butthey do work best in ranging markets. JMHO

I didnt find a indicator but here is a EA.. Im not sure if it trades I think it just alerts you. You can set the ma type of both MAs. Here is two version of it one is has a voice alert

i was telling that to dailydow

Is anyone still in the Yen groups....I made 69 pips from last night to this morning....How did everyone esle do??

I cant get those MA crossover signals to work, can anyoe tell me why they dont work.

The eagle one works great! thanks

Hello,

thanks for the system, its no my second system to trade. This is for long term.

What Indicators you need to change ? I programm a lot for metatrader.
I have setup the system and it work very good with alert and email.

Maybe i can help someone.

Cheers
Mobsie

billser,

i am still in, though i missed the initial cross and got in late, 170 pips up

Good One....Lovin it.... do you have an exit strategy worked out

hahaha....... no, thats why i am here.
i will admit i didnt go in specifically on this MA system as i missed the cross as i already said.
i did look for a PA indication after to help me get in.

As for exit here are my thoughts to date.
i think we need to have the two lot entry already mentioned.
I dont like the 125 levels of the 100MA mentioned as i have found that on several occasions in the past, price has already past this point before the entry signal, this is obviousely when the cross happens when we have a sudden price spike.

Instead i would prefer to take a discretionary exit of the first lot once price has hit 100 pips. This exit would be to look for obvious pivot/resistance TL's etc, and to try an eek out a few additional pips beyond that initial 100 pips.

For the second lot exit, may i suggest that some people far cleverer than i look into the ATR signal indicator, the one currently advocated by team aphids Bat method ( http://www.forexfactory.com/showthread.php?t=12808 ) .
look at the signal on the 1hr chart, and see how the trailing exit has captured pretty much all the maximum pips before price turned.
i think this is a good possible exit tool to use.
the trailing exit signal does come some time after the initial entry signal i agree, and maybe that issue can be looked at by somebody better than me.

the other main problem i have yet to overcome with this method is the initial stop. TBWSS says he uses no stop at all, that doesnt sit well with me, but i have been burned so many times by stops on trades that ultimately went in the chosen direction then its obviousley something that i need to work on.

I think the sttop he used originally is if price went against him and crossed the opposite direction. So its not exactly a no stop set up, I think he ment he let it ride until it went his way or crossed back against him.

How would you interpet the Bat ATR for exit?
when in a uptrend like this, would you exit once price breaks or closes below the blue Bat line? What effect do the settings have on the indicator, would you chnage them?

droesparky,

i see it as no stop as he cant determine what the exit cross would be when it hasnt crossed yet. so when we very first enter the trade, there is currently no stop determined.

As for the ATR, i have looked back and simply considered a break of the trailing signal, so for the current long trade a brek of the blue line yes, i would not even wait for a close below it in my current thinking.
i have the settings at ATR 5, factor 4.0 and it seems to be pretty good

All I know is "I LIKE THIS SYSTEM!"

It is easy to figure out and even a dummy like me can survive.

Thanks.

kevin

From the beginning of the year to date pure SAR is a winner! However, if used on GBP/US is a loser. Has anyone found other pairs this will work with as pure SAR?

I wish my 30M data would go back further; but, just going down the list with FXDD it looks like there are a few that seem to lose very little DD and are winners since end of Jan this year to date. This is just pure SAR.
What if we get a good list to trade that we know can win (and not lose a lot) and take the trades as they come and when ahead a decent profit just bail out or ride to the end without fear?

Just to keep you in the loop.. I am attempting to find the simplest and most affective way to exit and also enter avoiding whispaws.

Now i have been looking back at the charts and have found something interesting with an indicator inparticular. This is working with the 9SMA and 100SMA.

Is everyone here familiar with the Ickimoku indicator.. It's great for showing trend direction and range filtering.

If you all set up a
1. 30 min CHART
2. PAIR GBP/JPY
3. Ichimoku Hinko Hyo
4. 9SMA and 100 SMA

Now take a look at the Ichimoku indicator particularily the Chinkou Span..

Look at the sell signals for example..

When there is a sell CROSS 9-100SMA when the CHINKOU SPAN is BELOW the price we get a correct entry.. When it is above the price we get a false.. it looks to me it happens just about all the time..

Looks intersting...

OH and for exit.

ON a downtrend when the CHINKOU SPAN Rises above the PRICE we exit the sell and on and uptrend when the CHINKOU SPAN Drops below the price we EXIT.. So the buy at the moment looks like it could be ending..

Take a look guys and see when you think

DO you want me to post a chart?

Yes Please

and wat settings for ickimoku, default ?

Also lookat at chart, for exit CHINKOU SPAN gives very early exits, but KIJUN-SEN looks good, e.g for uptrend if price goes below KIJUN-SEN then we exit BUY, opposite for sell trades.

Ichimoku Hinko Hyo, filter looks tooo good with 9/100 cross

Looking again at the chart, i see CHINKOU SPAN line is way behind the current price atleast 27bars

You're right KIJUN looks great for the EXIT..

I'll post up some charts later.. I'm a little busy now..

But look at the CHINKOU SPAN for entry with the cross...

When the CHINKOU SPAN is 40PIPS + away from the Price.. It gives true entries.. When the CHINKOU is Close to the price it mostly gives bad entries

It's also worth reading up on the indicator to get a heads up on how it functions.. it looks great on the 30 MIN chart for the GBP/JPY

On my charts i went ahead and selected NONE on color for everything but Chinkou Span and made my price a line chart so i can see it better. It looks like it lags back a day from current price (not up to current price bar). Is it like that on your chart?

OK so here are the RULES.. and getting closer to a Frickn' awesome system.

1. 9 SMA + 100SMA ENTRY
2. Exit when the prices crosses back over the Kjun-sen.

And let's look at the CHINKOU SPAN for filtering entries.

Are you on the 30 MIN timeframe (GBP/JPY pair)?