Keep it Simple Stupid (KISS) Method

TD,

Thanks for sharing your system!

Questions:

Sorry...but I am confused...

(1) Is the valid crossover 3EMA/22SMA? Or is it 3EMA/8SMA? Entry made at that point? Only long trades with price above the no-trade zone, and only sell trades with price below the no-trade zone?

(2) Do you wait for the 1 minute candle to close before making a trade entry? Or do you place your trade immediately when the crossover occurs?

(3) Would adding the ADX indicator with a threshold signal of 25 or more indicating a trending market help keep us out of the chop?

(4) Best trading times London and New York sessions?

Good Trading!
Bob in Wisconsin

Anyone catch this on EU ?

OK,

Here is a template that isolates the moving averages from the candles!!

3 ema
8 sma
22 sma

80 sma
90 sma

I believe that is the setup!!!

Since francfort open 3 demo trades, total 41 pips with the trend 1H ! Not bad
Sorry for the chart atm maybe later
Luk

Excellent work Pips.

Just to confirm what are you using as your triggers for the trades?

OK first LIVE trade under the new regime...

"Shorts under 80/90. Long above. 3ema entry 20 sma exit"

EJ Time in 0934 Time out 0938

Profit +15 pips

Lot size 0.2 Total Profit £20.35 ( I went for a TP of 15 pips!)

Not sure if to stick to fixed TP, OR run with the method.

I am LIVE with this and 1st time of using

Any thoughts guys???

Trade using the bollinger bounce 3/8 3/20 method

Buy EJ

This is NOT waiting for the 80/90 cross - Not trading live - just see how it pans out

Time is 0959 Mon 11 May 2009

The buy trade would have already exceeded my 15 pip TP!!!

psgm

Adding to what you said in your first post we would add the entry and exit conditions that you later said. Right?

Hello PSGM the same set-up as the new regime and i look at 1H trend when i put the trigger on 1M with 3 and 8 ma and about 20 stop loss with some feeling and some others idicators learned from the MP thread but i don t want to confuse people here, because it s suppose to keep it simple here ! So I will continue to practice this interesting system just to get more confidence !
Luk

Entered EJ 10:08
exited 10:24 (Had reset my stop loss to +40.7 pips) and got stopped out!

Profit trade 2 40.1 (0.6 FXCM pip slippage 8-( ) £54.36

Total TRADING PROFIT £74.71

My lack of faith is disturbing!!!!

3rd trade moved into profit was unsure, so moved the stop loss to +2.8. stopped out at +2.7 pips

10:49 entry
10:51 Exit

PSGM you've got to let them ride, although no doubt I'll be wussing out early wedneday to


Pips and PSGM profits, this is looking GOOD

I have been enjoying this thread. I quite like TurveyD's 3EMA and 6MA crossover signals. For general Trend I have been using Raghee Horner's 34EMA "wave" (3 EMAs on High, Low close), and also Trend Magic (or Magic Trend?) -- both probably here at the factory. They are free on the net.


And of course basic candlestick analysis in conjunction with the indicators.

Hope you don't mind a picture of my KISS

Thanks again for this thread

Edit:
Here are Raghee Horner's GRaB indicators (colored candles and wave) [link wasn't working right on her blog, so I attached them]
Here is TrendMagic http://www.forexfactory.com/attachme...hmentid=238570
(I fixed this link)

Just made a buy entry at 11:25

SL 15
ABOVE 80/90

3 crossed above the 20

Could I have avoided this loss? (other than simply not trading)

I presume I either pulled the trigger too early or too late.

Or am I simply too eager to see the signals!!

Help appreciated

EJ was choppy, no way to know in advance, its only 1 loss, just got to decide if taking the trade is worth the risk or not, sit it out wait for some better market action.


11:30am GMT the market really does seem to go into slow mode.

been following this thread. i've been personally looking for my system too, with the basic criteria of simplicity. this is looking beautiful.

a couple of questions: i normally see you trade EJ. can this work ok with EU or any other pair? also, how about other TFs?

thanks and keep it up, guys.

Any timeframe any pair

In my opinion if you have to rely on being 1hr candles or daily, then you are relying on the probability of the move in your direction.

ANY system should be generic in terms of currency or timeframe (after all doesn't a daily chart look like a 1 min chart if you remove reference points to price and time!!!

I've used this system in "anger" today. Any losses were made through either.

1) Operator error
2) Tight ranging periods (and arguably Operator Error)


Overall I made a profit today of with a win ratio of 60-70%.

On 5 trades I made over 100 pips, including 1 trade 40 pips!

I made 2 trades under 5 pips profit, and this was because I am a relative newbie to trading and made the rookie mistake of closing the stop loss to just over profit ASAP.

Yes I made mistakes today, and could have easily made another 100 - 200 pips (this is ALL on eur/jpy)

But for a first day of trading this method, I think the results speak for themselves!!

BTW I was using the Bollinger bounce 3/8 cross. I was using 3/20 cross, my friend was using the 3/8 cross after a bollinger bounce.

My friend made 90% of his trades!

most of my losses were during the choppy period (between 11:30 and 14:30)

Guess I will not be trading that time again!

The only reason I did was I wanted to give this method as hard a test as possible, to see if I was correct!

OK this was by biggest win of the day (40 pips).

It was 40 pips, because it reached 45 pips, and by that point I was more than happy with the result!

Possibly could have reached 50 pips, and certainly did not follow the mechanical exit rules, but I don't think the mechanical exit rules would have yielded many more pips!

Note there had been a "bounce" off the upper bollinger line, followed by 3 down candles (3 black crom formation?) as well as a 3/8 cross and indeed a 3/20 cross.

To me that spelt SELL SELL SELL !!!

I used to use the high low close thingy to generate a range to filter out inaccuracy to, I must admit I do like that ( Warning change alert )

Thanks, will check your indicators in abit, never know 1 of them someday might mean something to me!!

thanks