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Yet another 50 SMA trading strategy

  • #61
  • Apr 28, 2009 6:49pm Apr 28, 2009 6:49pm
Thank you for sharing this system, Melpheos. It makes a lot of sense and I'm going to give it a try.

For the SL, I am thinking of putting it a few pips above/below the 50 SMA, since the SMA is likely to act as support/resistance after being broken.
  • #62
  • Apr 29, 2009 1:04am Apr 29, 2009 1:04am
i am not interested in adding more after filtering lot some i feel essential
for immediate assessment.
  • #63
  • Apr 29, 2009 1:25am Apr 29, 2009 1:25am
Hi guys, this is looking like a nice simple system, and your definately right for wanting to keep it that way. Has anyone tested using the Fractal as a trailing stop loss? Each time a new one is made then the stop loss just moves down with that? (sorry if thats already being used or suggested).
Also has anyone had a go at an EA on this?
  • #64
  • Apr 29, 2009 1:27am Apr 29, 2009 1:27am
Quoting tj_fxtrader
Thank you for sharing this system, Melpheos. It makes a lot of sense and I'm going to give it a try.

For the SL, I am thinking of putting it a few pips above/below the 50 SMA, since the SMA is likely to act as support/resistance after being broken.
I would agree with this method but using this SL strategy would still require an exit strategy. 50SMA as an exit strategy will usualy leave A LOT of money on the table unfortunately. Yet it will give a better exit on very large move (sometime keeping you in a 15M trade for days )
  • #65
  • Apr 29, 2009 1:38am Apr 29, 2009 1:38am
just to make sure Im on the same page as everyone else here, the fractals you re refering to here are the same as Swing High/ Swing Lows, correct?
  • #66
  • Apr 29, 2009 2:16am Apr 29, 2009 2:16am
Quoting maninjapan
Hi guys, this is looking like a nice simple system, and your definately right for wanting to keep it that way. Has anyone tested using the Fractal as a trailing stop loss? Each time a new one is made then the stop loss just moves down with that? (sorry if thats already being used or suggested).
Also has anyone had a go at an EA on this?

Haha, just read post #10 and its already there.....
  • #67
  • Apr 29, 2009 2:55am Apr 29, 2009 2:55am
Quoting maninjapan
just to make sure Im on the same page as everyone else here, the fractals you re refering to here are the same as Swing High/ Swing Lows, correct?
Not exactly. Swing high/low will normaly results in a fractal formation but not necessarily. And a fractal formation can appear outside a swing high/low.
  • #68
  • Apr 29, 2009 3:04am Apr 29, 2009 3:04am
Quoting melpheos
Not exactly. Swing high/low will normaly results in a fractal formation but not necessarily. And a fractal formation can appear outside a swing high/low.
Thanks for clearing that up but what do you mean by it can appear outside a swing high low? you mean a swing low is usually a fractal, but a fractal isnt always a swing hi/lo?
  • #69
  • Edited 9:50am Apr 29, 2009 3:09am | Edited 9:50am
Quoting maninjapan
Thanks for clearing that up but what do you mean by it can appear outside a swing high low? you mean a swing low is usually a fractal, but a fractal isnt always a swing hi/lo?
Technicaly it will be a swing hi/lo but to the eye it might not be that obvious.

Screenshot time
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  • #70
  • Apr 29, 2009 10:27am Apr 29, 2009 10:27am
Another not so bad day !
(Demo account GMT+3)
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Click to Enlarge Name: MelpheosTrades_20090429.jpg Size: 50 KB
BigBlackfeet Always on the(forex) war path !
  • #71
  • Apr 29, 2009 11:35am Apr 29, 2009 11:35am
Quoting BLACKFEET
Another not so bad day !
(Demo account GMT+3)
No SL ? Carefull with the demo. You should put SL even on demo otherwise you could get false feelings.

Another good day for me (i'll take a rest now) I'll give a look on higher time frame because 15M is very nice on holidays but when i will be back to work it will be more difficult.
  • #72
  • Edited 12:15pm Apr 29, 2009 12:00pm | Edited 12:15pm
This is the strategy I have always used in 1h timeframe and with the teeth of alligator (Williams). Not buying if the price is below the alligatorīs teeth (only selling when the fractal is broken downwards) and not selling if the price is above the alligatorīs teeth (only buying when the fractal is broken upwards).

Stop loss in the last wave or 30 pips. Then moving the stop loss to protect the position everytime there is a new wave or retracement (closing the first half of the trade if it reaches the same pips as the stop loss, the other trade in break even and changing with the waves until itīs closed).
Easy.
  • #73
  • Apr 29, 2009 5:25pm Apr 29, 2009 5:25pm
Quoting joselb
This is the strategy I have always used in 1h timeframe and with the teeth of alligator (Williams). Not buying if the price is below the alligatorīs teeth (only selling when the fractal is broken downwards) and not selling if the price is above the alligatorīs teeth (only buying when the fractal is broken upwards).

Stop loss in the last wave or 30 pips. Then moving the stop loss to protect the position everytime there is a new wave or retracement (closing the first half of the trade if it reaches the same pips as the stop loss, the other trade...
That's interesting Joselb. Have you had good success with this method on the H1 timeframe?

Do you use jaws and lips of the Alligator in any way, or do you just pay attention to the teeth?
  • #74
  • Apr 29, 2009 10:18pm Apr 29, 2009 10:18pm
Quoting tj_fxtrader
That's interesting Joselb. Have you had good success with this method on the H1 timeframe?

Do you use jaws and lips of the Alligator in any way, or do you just pay attention to the teeth?
Yes, you gain more than you lose.
No, only the teeth, the jaws and lips in color "none". In fact, all is Williams`indicators: fractals + alligator. I also like to add stoch 5,3,3 to see the waves in 4h-1h-30min
  • #75
  • Apr 29, 2009 10:23pm Apr 29, 2009 10:23pm
The initial entry is 10 pips above/below the fractal with a 30 pips SL, then moving the SL when you are in profit.
  • #76
  • Apr 29, 2009 10:34pm Apr 29, 2009 10:34pm
It works better from 1h after London opens until London closes, then I donīt use this strategy to avoid whipsaws.
  • #77
  • Apr 30, 2009 2:01am Apr 30, 2009 2:01am
2 trades same pair USDCAD 15M (2nd trade not closed yet)

On detail Joselb, using only Teeth of the alligator is just using a moving average on the same period and same shift. Check it out. We have exactly the same method but you are adding a shift on the MA and using a different period

Good mind comes up with the same ideas it seems
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  • #78
  • Apr 30, 2009 2:50am Apr 30, 2009 2:50am
Yes, thatīs true melpheos
I consider very important as I have tested with only alligator and fractals the time you are trading with this strategy.
When London closes you know the trading usually becomes very slow and some breakouts are not very good. Many more false entries, but not in London market.
And itīs also very important the pips you are entering your trade after the breakout. But as I see you use 15 min tf, maybe it works better in that timeframe without some pips after the breakout. In my case many times the price breaks the fractal and then reverse.
  • #79
  • Apr 30, 2009 8:20am Apr 30, 2009 8:20am
Just the same thing trade after trade.
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  • #80
  • May 1, 2009 4:07am May 1, 2009 4:07am
Booya, great 1st may to all of you. This is the 1st time i'm making more money than with sexy stochastic and especially more consistently.

14% for the day

I probably left some money on the USDCAD and should not have closed it but i had set a TP of 4% and had a crash on my PC a few minutes before it's reaches it. The acceleration is a good sign that the movement will continue.
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