Yet another 50 SMA trading strategy | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Jake Bernstein 10 SMA high 8 SMA low trading system 94 replies

SMA 200+SMA 55+SMA 5 is very profitable 49 replies

AUDUSD/AUDCHF/NZDJPY basket trading using 50 sma and 200 sma 16 replies

Programming of SMA and SMA cross over 20 replies

Yet Another "No Brain" GBPJPY strategy 23 replies

Attachments: Yet another 50 SMA trading strategy
Exit Attachments

Yet another 50 SMA trading strategy

  • #81
  • May 1, 2009 6:02am May 1, 2009 6:02am
Not a fractal but allmost. I shouldn't have done that but it paid out

This time is really close the charts and play with my kid !
Attached Image
  • #82
  • May 1, 2009 6:11pm May 1, 2009 6:11pm
Melpheos, what session do you trade? Do you think this will work on the NY session?
  • #83
  • Edited 11:49am May 2, 2009 2:52am | Edited 11:49am
Quoting tj_fxtrader
Melpheos, what session do you trade? Do you think this will work on the NY session?
It seems to work on any session.

I will add some more details on the 1st page about the SMA period.

Sidenode : i would exclude EURCHF for the moment.
Attached Image
  • #84
  • May 2, 2009 12:05pm May 2, 2009 12:05pm
Made some additions
  • #85
  • Edited 9:57pm May 3, 2009 8:43pm | Edited 9:57pm
Hello all,

Great system... I must say I was backtesting it some and found some pretty good results.

Are these valid entries? EurUsd gapped but it retraced and found support at the 50ma then brokeout first that is why I took that over the eurjpy.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 19 KB
Click to Enlarge Name: eurusd.gif Size: 18 KB
Click to Enlarge Name: gbpjpy.gif Size: 19 KB
  • #86
  • May 3, 2009 10:17pm May 3, 2009 10:17pm
Quoting Verto
Hello all,

Great system... I must say I was backtesting it some and found some pretty good results.

Are these valid entries? EurUsd gapped but it retraced and found support at the 50ma then brokeout first that is why I took that over the eurjpy.
Great trade. keep it up and keep osting your charts
Make money Not pips
  • #87
  • May 4, 2009 1:03am May 4, 2009 1:03am
Quoting Verto
Hello all,

Great system... I must say I was backtesting it some and found some pretty good results.

Are these valid entries? EurUsd gapped but it retraced and found support at the 50ma then brokeout first that is why I took that over the eurjpy.
Except for the 2nd graphically speaking , all are valid entries. But the 2nd one should i fact be valid in a strict price point of view as there was a gap.

In particular the 3rd one represent exactly the addition i have made, that is one of the 5 candles breaking the SMA
  • #88
  • May 4, 2009 1:06am May 4, 2009 1:06am
Quoting melpheos
Except for the 2nd graphically speaking , all are valid entries. But the 2nd one should i fact be valid in a strict price point of view as there was a gap.

In particular the 3rd one represent exactly the addition i have made, that is one of the 5 candles breaking the SMA
Thanks, I was slightly wondering about how gaps would seen in regards to the system rules. I liked it's retest and support of the 50 sma before it broke the fractal so that is why I took it. Hopefully I can get some more good trade pictures.
  • #89
  • May 4, 2009 10:27am May 4, 2009 10:27am
Quoting Verto
Thanks, I was slightly wondering about how gaps would seen in regards to the system rules. I liked it's retest and support of the 50 sma before it broke the fractal so that is why I took it. Hopefully I can get some more good trade pictures.
i must admit i did not thought much about gaps as they do no occur that often anyway.
  • #90
  • May 5, 2009 5:01am May 5, 2009 5:01am
What can i say, this is just magic
Attached Image
  • #91
  • May 5, 2009 7:32am May 5, 2009 7:32am
Melpheos, you start this thread by saying the system is completely mechanical, but that you need to find a good exit strategy. Obviously for it to be mechanical you must have an exit strategy. Have you found one? If so, what is it?

Quoting melpheos
What can i say, this is just magic
  • #92
  • May 5, 2009 10:02am May 5, 2009 10:02am
Quoting Dreamliner
Melpheos, you start this thread by saying the system is completely mechanical, but that you need to find a good exit strategy. Obviously for it to be mechanical you must have an exit strategy. Have you found one? If so, what is it?
Please read the first line : i said it's mechanical "on the entry"

I'm still looking of a good exit strategy yet simply using a 2:1 risk ratio seems to be enough to make it profitable.

I have to do more backtesting to see if using a 50SMA higher TF exit might be good or not. I think it should increase the profitability of the system but also decreases it's gain percentage so this is an equilibrium to find.

Another simple way is to take half profit at your risk level ( half profit @ 2% if your risk was 2% and then let the trade rides along the next TF SMA)
  • #93
  • May 5, 2009 10:22am May 5, 2009 10:22am
melpheos, something I found gives me a heads up on the 15m is a 5 by 18 cross. The 18 provides good mobile support and resistance. If they both cross the 50 then I stay in watching the 18 and 50 or keep watching the 5 and 18 on the next highest T/F.
If your scalping the 5 by 18 you can take profit at the Bollinger bands, works 70% of the time.

All MA's set to Linear,and Typical.

Roy
Polishing my crystal ball
  • #94
  • May 6, 2009 10:19am May 6, 2009 10:19am
Quoting 30XTCi
melpheos, something I found gives me a heads up on the 15m is a 5 by 18 cross. The 18 provides good mobile support and resistance. If they both cross the 50 then I stay in watching the 18 and 50 or keep watching the 5 and 18 on the next highest T/F.
If your scalping the 5 by 18 you can take profit at the Bollinger bands, works 70% of the time.

All MA's set to Linear,and Typical.

Roy
I will look into this solution but for scalping i dont have the time.
Attached Image (click to enlarge)
Click to Enlarge Name: EURYEN15M.png Size: 56 KB
  • #95
  • Edited 4:44pm May 6, 2009 12:53pm | Edited 4:44pm
Sample live trade because i have some time (might go wrong but i had a good day )
Oanda could have at least fractals on their chart :-/

Edit : previous trade was indeed a loser for 1.5% (original stop of 2% moved) This one might go better
Edit2 : damn roller coaster. Previous trade loss .5%
Attached Images
  • #96
  • Edited 5:02am May 7, 2009 4:51am | Edited 5:02am
I definitly need to work on the exit strategy. Will spend some time this week end.

I think taking half profit @ your risk level shoud increase by a large margin the profitability by reducing the risk on fake break out (we all hate fake breakout)
Attached Image
  • #97
  • May 11, 2009 12:24pm May 11, 2009 12:24pm
Live trade update
Attached Image (click to enlarge)
Click to Enlarge Name: 11-05-2009 19-22-03.png Size: 28 KB
  • #98
  • May 11, 2009 4:57pm May 11, 2009 4:57pm
Hi,

I am trying to understand the entries point. Attached chart has 4 enteries as per the rule and the first 2 in the box would have ended up in the loss.

Did i miss any enteries and is the entries i marked all right? (blue line)? The last entry it only touched the the 50SMA line is that good enough?

I am planning to trade this across 5-6 pairs during the first 4 hours of london/frankfurt open. Do you trade during that trading hour.
Attached Image (click to enlarge)
Click to Enlarge Name: EJEntries.gif Size: 54 KB
  • #99
  • May 12, 2009 1:07am May 12, 2009 1:07am
Circled in green the entry that would have made your previous loss.

Also if you had entered the first trade you pointed out, you would not have entered the second one so you would have one loss and one gain, the gain making at least 3 times more than the loss
Attached Image
  • #100
  • May 12, 2009 1:33am May 12, 2009 1:33am
Quoting melpheos
Circled in green the entry that would have made your previous loss.

Also if you had entered the first trade you pointed out, you would not have entered the second one so you would have one loss and one gain, the gain making at least 3 times more than the loss
cool.. i just wanted to make sure i am picking the entries right.
0 traders viewing now