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Eagle Method MA Crossover System

  • #301
  • Apr 9, 2007 2:16pm Apr 9, 2007 2:16pm
currently i have gone short based on the hourly entry signal.
i fear the 30 min too much on this pair to take entries from it
Its gonna happen, it will happen.....i know!
  • #302
  • Apr 9, 2007 2:34pm Apr 9, 2007 2:34pm
Quoting rockrat
currently i have gone short based on the hourly entry signal.
i fear the 30 min too much on this pair to take entries from it
I am also short now.
  • #303
  • Apr 9, 2007 3:18pm Apr 9, 2007 3:18pm
hey river..... my preference is for a rvi of 10.... rvi is very similar in shape to stochcastic and stoch(9,5,3) seems fair around.....

i'm not using the method described here in this thread..... my interest is just in tossing a few indicators into the fray...... such as included here..... this is a painted bar indicator in which the bars above the 9/90 cross are lime and below will be red.....

also added 2 arrows for the rvi crossing an adjustable threshold.... default is set to 0...... holler if anything else comes to mind.....h
Attached File(s)
File Type: mq4 eagle painted.mq4   5 KB | 1,055 downloads
to trade and code, keep both simple... no call to impress....h
  • #304
  • Apr 10, 2007 3:54am Apr 10, 2007 3:54am

looks like we got a few whips on the 30 min chart. Thanx to RVI 100 I could avoid them. It seems that now this indicator shows its importance.

Anyone took the new long signal on the 30 min chart? at around 234.40?

We leave no soldier behind.
  • #305
  • Apr 10, 2007 4:07am Apr 10, 2007 4:07am
Has anyone got any thoughts as to where GBP/JPY is headed. looks like its going up to me. i entered on the 1 hour chart on the 04/09/2007 @ 234.33. when 9SMA Crossed over 100SMA??? is anyone is same position?
  • #306
  • Apr 10, 2007 4:16am Apr 10, 2007 4:16am
Quoting SpB_Trader
Has anyone got any thoughts as to where GBP/JPY is headed. looks like its going up to me. i entered on the 1 hour chart on the 04/09/2007 @ 234.33. when 9SMA Crossed over 100SMA??? is anyone is same position?
yeah, obviously I am. seems to be going well now. I entered at 234.40, and it broke a downtrend line, so I am hoping for it going over 235.

well, is this thread dead ow what? dont see much activity around here
We leave no soldier behind.
  • #307
  • Apr 10, 2007 4:33am Apr 10, 2007 4:33am
Dont know what happened to this thread was alive last week. maybe people on holidays still... lets hope it comes alive.
im thinking to maybe exit the position?
  • #308
  • Apr 10, 2007 5:23am Apr 10, 2007 5:23am
Quoting SpB_Trader
Dont know what happened to this thread was alive last week. maybe people on holidays still... lets hope it comes alive.
im thinking to maybe exit the position?
Its impossible to be short, 9 SMA crossed 100 SMA on both 30 min and 1 h chart. Besides, RVI is over 0 on both, so I think we are lucky with a long this time.
We leave no soldier behind.
  • #309
  • Apr 10, 2007 5:49am Apr 10, 2007 5:49am
No its not impossible. I got short on the 09/04 when 9 crossed 100SMA. as per system for short. but the thing i just relized was my RVI was not set at 100 and therefore was above 0 at the time of the cross. it was set at default. It looks as though that might of been the killer for me. nevertheless my stoploss kicks in at 235.05 so it won't be long till im out it looks
  • #310
  • Apr 10, 2007 5:53am Apr 10, 2007 5:53am
Just a question I hope might bring some fresh thoughts that might not have been covered. (I hope)

It was stated earlier in the thread that the channels should be adjusted from 125 GBP/JPY to like 100 for EUR/JPY and possably 50 for GBP/USD at least I believe thats right.

My question would be: Do we adjust the RIV down to the same levels as the channel?

Thanks
kevin
  • #311
  • Apr 10, 2007 6:12am Apr 10, 2007 6:12am
well..good question, till now I thought you wouldn't adjust it but now I am not sure anymore

Quoting kevinsw
Just a question I hope might bring some fresh thoughts that might not have been covered. (I hope)

It was stated earlier in the thread that the channels should be adjusted from 125 GBP/JPY to like 100 for EUR/JPY and possably 50 for GBP/USD at least I believe thats right.

My question would be: Do we adjust the RIV down to the same levels as the channel?

Thanks
kevin
  • #312
  • Apr 10, 2007 11:38am Apr 10, 2007 11:38am

well, as a conclusion until now, it seems there are 3 ways of trading this strategy: one with simple 9sma/100sma cross with RVI confirmation, another one includes also the 125 channels (about which Im not sure how to use it yet), and the last one would be using Ichimoku indicator.

It would be great if more people would post the results and improvements they have for this strategy which has a lot of potential, even in a simple form... dont understand why the owner for example doesnt post anymore. We need more feedback.

We leave no soldier behind.
  • #313
  • Edited 12:09pm Apr 10, 2007 11:39am | Edited 12:09pm
hi,

i have done a backtesting and forward testing this method. I use CCI to exit.
I exit when the CCI touch the zero line

but, unfortunately this day i missed the CCI crossing. I opened a short on GJ @233.78 and got stopped out @234.78. If i didnt miss the CCI crossing up, i might could exit earlier

so, i think i need an EA to automatic closing my trade, based on CCI(14) crossing.

the EA should be able to close my trade whenever the CCI hit the zero line

can anybody here help me to build this kind of EA? pls

regards
alfianx
  • #314
  • Apr 10, 2007 5:03pm Apr 10, 2007 5:03pm
I think the RVI setting stays at 100, because it corresponds to the 100ma and not the channel portion. and it is responding to how price reacts to the 100 ma kinda like a cci but not the same.
  • #315
  • Apr 11, 2007 1:26am Apr 11, 2007 1:26am
hi guys !
a perfect 95 pips trade
thanks for the system
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.jpg Size: 42 KB
  • #316
  • Apr 11, 2007 2:31pm Apr 11, 2007 2:31pm
Quoting netwise
hi guys !
a perfect 95 pips trade
thanks for the system
What time frame are you working off and what pair. I can't quiet make out the chart

Thanks
It's All About Attitude ...
  • #317
  • Apr 12, 2007 8:15am Apr 12, 2007 8:15am
well i am using 30m in gj and well its working great for me

thanks
  • #318
  • Apr 12, 2007 11:28am Apr 12, 2007 11:28am
We've got a crossover on the 30M chart but RVI is still sitting above 0.00. Anybody going for it.
  • #319
  • Apr 12, 2007 11:45am Apr 12, 2007 11:45am
Quoting bundubill
We've got a crossover on the 30M chart but RVI is still sitting above 0.00. Anybody going for it.
If you look at the daily chart there is also a cross to the up side..So I would be very careful.

On the 30M the direction of the 100 sma line is also looking strong to the upside...

Also you have a strong support line

Any thought anyone on the difference between the cross on the 30m and the cross on the daily
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 16 KB
It's All About Attitude ...
  • #320
  • Apr 12, 2007 11:53am Apr 12, 2007 11:53am
Yeah I see it. Thanks for pointing that out, I think I'll wait
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