The Hamburg Hop-a-Long

Do you just love the name?

This system will appeal to new traders and experienced traders alike.

I do not like complicated indicators. In fact information overload is dangerous.

Trade my Hop-a-Long and enjoy consistent profits.

Rules

1) Trade 5m chart
2) Trade any pair
3) Put up SMA 12
4) Put up LMA 12
5) Put up SMA 20 TRADE ONLY THE DIRECTION OF THIS MA
6) Trade 12/12 Cross On Next Bar or Candle; avoid trades if huge move before entry.
7) Stop Loss 10 from top or bottom of signal bar or candle ( include wicks)
8) Profit Target 10
9) With any pair that has GBP use 15 for both SL and TP
10) Watch Forex Factory Calender and DO NOT TRADE REPORTS!
11) 5% MAX RISK
12) Hop-a-Long

Please do not ask me to put up charts. If someone would like to do so please do. I don't have the time.
I will check in daily, usually late EST to answer questions.
Finally, especially for newbies, this system works so do not complicate it. Set up a DEMO some where and trade until you can trust yourself.

*****Pull Back Rule******
http://www.forexfactory.com/images/icons/icon1.gif Pullback RULE
Since I am doing nothing right now, I may as well get this pullback rule up for those of you that have not figured it out.

When the pair is trending nicely...all MA's in line, Trade when action comes to 12 LMA on a pullback. USE same SL and Profit targets.

When you have a nice trending market this will feel like stealing!
Last edited by Hamburg, May 10, 2009 2:37am (6 min ago) Reason: spelling error

In the coming nights I will give you another rule for trading pullbacks on this very same package. You experienced guys will be able to figure this one out for yourself.

it's simple enough for an EA

ur SMA means simple or smoothed?

I'm glad I am still online to clear up the question as many may be thinking same thing, SMA= simple moving average

I am online now for a bit so feel free to ask questions for a little bit.

Very simple system you have there.Just have one question,do we have to wait for the SMA20 to turn in favour of your trade or do the three ma,s have to be in line.

Only trade when the price action is above or below 20 SMA.

Since I am doing nothing right now, I may as well get this pullback rule up for those of you that have not figured it out.

When the pair is trending nicely...all MA's in line, Trade when action comes to 12 LMA on a pullback. USE same SL and Profit targets.

When you have a nice trending market this will feel like stealing!

GOT IT!! thanks.

In a nice trending market anything works.

I don't do anything else so I really would not know, however with this, when I say nice trending I don't just mean power trends...Simple little 30m to an hour or two.
Now moves like Friday, I'm sure just about anything could have worked.

Thank you because your regard.
Without permission from u, I've did a thing that I don't know your opinion about.
I'm from a Persian language country and I found this system very applicable, so I decided to translate this to Persia and upload it to my site.

Firstly I want to know your opinion about that and Secondly because this system actually don't belong me, maybe I cant support and reply questions about that, can I calculate on your support?

I just got done updating my profile and I turned on private messages so feel free to contact me either on the forum or in private.

Have a great week of trading!

I will play with this. Have you tried optimizing the MAs?

fxrob

Is there an indicator that would show and arrow when the 12/12 cross happened? Just for an easy visual.

Hi there Hamburg,

I would just like to say what a simple yet well thought out system you've created. You're absolutely right,... it doesn't have to be complicated to be powerful! Mind if I Hop-A-Long with you to profits ?......T-Wolf

What settings are you using on your 3MA Crossover?

Thunderwolf..I appreciate your chart.

Guys and Gals keep it simple.

I wanted to make a couple comments.

First is about trading in uncommited markets. This usually happens Sunday evening, Friday afternoons and prior to some major news event. DO NOT TRADE during these times as it can be very frustrating.

Wait til the general trend of the pair is apparant. It is so much easier to ride a wave rather than try and find one, right?

If you haven't yet figured this out, you can change the MA's to ANYTHING you want. The higher the time period the more lag time. The shorter the time period the more signals ( also wipsaws). I like 12 because it works for me.

I had a couple emails about higherr timeframes...If you trade a 1h or 4h chart make sure you use a shorter MA as 12 on a 4h represents 48HRS! That is way too much time for a day trader. Try 2 0r 3 on 4h and maybe 4-6 on 1 hr.

Hello Flamenco,

Good to hear from you, hope you're doing well ! Here are the settings I'm using : Faster MA=12, Faster Shift= -3, Faster Mode=3, Medium MA=12, Medium Shift= -5, Medium Mode=0, Slower MA=20, Slower Shift= 0, Slower Mode= 0, Sound Alert= 1

Hope this helps ! ....T-Wolf