The Hamburg Hop-a-Long

Thanks for chipping in.

I wish I knew what you were talking about......I am pretty much computer numb! lol

Did you program this to MT4? Some day I'd like to learn to do that!

Hi Hamburg,

Don't know why, but everytime I see your Nickname or type it, I get HungryLOL! Glad you liked my chart. The arrows are created by the 3MA Crossover Alert which I posted in my previous post up above. Just download it to your MT4 platform to your indicators file located in the Experts folder. Once you've got it downloaded, just type in the settings I posted earlier to Flamenco.

I created the settings to the specifications per your trading rules, so when price is above or below the 20 SMA and the 12's have crossed or are in the process of crossing , a directional arrow will appear. There seems to be a bug in the sound alert because it doesn't make a sound when the arrows appear, but I can live with that. I do have another 2MA Crossover Alert that works well so I might set it to give me an alert when the 12' cross and another alert when price crosses the 20 SMA.

I appreciate you sharing your Knowledge with us with your wonderful system. If you have any other questions, please just ask !! Thank you so much again Hamburg, [ darn it, hungry again ! ] ....T-Wolf

Hy Hamburg, Hy guys !

Just a N00b question - what LMA means ?
I am not using MT4 and I want to know what to look for in my trading platform.

Thx for the help !

FX_N00b

LMA is Linear Moving Average. I use Oanda and they don't have a LMA, they have a WMA which is a Weighted Moving Average and I believe they are the same thing because I've seen LMA classified as Linear Weighted Moving Average. If I'm wrong on this, somebody please correct me.

I got bored today and starting messing with the 4 hour chart to give you guys something solid to trade.

Here goes.

Use 3 for LMA and SMA
On entry go for the ATR on 4h for profit target.
1/2 ATR is SL.

Remember if you don't use a fixed risk reward on your method you will eventually get burned.

If you EA guys plug this in you will see it will work very well.

Pick a system that works and stick to it and you will make money.

I hope this gives you long timeframe guys something to work with.

Hi Traders,
You may have noticed there's a bug in that 3MA Crossover Alert I posted earlier. It paints multiple down arrows so I think there's a problem in the coding of the Indicator. I'm not a coder so I can't fix it but if any of you are you're welcome to try to figure out the problem with it and let us know.

I'll post another Alert indicator that I use that works well as soon as I configure it to the rules for the system. Sorry for the inconvenience of that flawed indicator....T-Wolf

Does anybody have any results that they can share with their use of this system yet?

What period do you set the ATR indicator to, 14?

I would say the 14 is fine. Remember I trade the 5m so I don't have experience with this 4h.

However, knowing what I know about trading if you use the right sl/tp ratio you should be fine.

Backtest it.....It will be a moneymaking system I'm sure. I can just tell from the brief research I did.

Sound system, if anyone doubts this just google "The Floor Traders Method"

Same principles and been around for years
I use a similar approach but with ma channel instead.

Hello Fellow Traders,

I'm posting the new Crossover Alert with a Moving Average in Color indicator which should visually help to spot trade set ups. I've also included a chart which shows an example of how you can trade the Hop-A-Long system and take advantage of pullbacks to compound your profits when price is in a nice trend. A template is included which has the correct settings for the indicators

As Cryten said this is a very sound system and simple to use when you get used to it. Many thanks again to Hamburg for introducing this....T-Wolf

I would like to thank T-Wolf for the great work done.

This is a very simple system that I have used exclusively for years.

It is all you need to be successful.

If you wait till after reports or economic data and just go with the flow you will be very happy.

As with all technical systems, if you try to force it when nothing is happening you will LOSE.

T-Wolf: I love your work!

Once you get comfortable with this and develop REAL discipline you should learn to trade this without putting in stop loss orders. Have the discipline to exit when Mental stops are hit.

This sounds easier than it is but is the goal to shoot for!

Hamburg...great, simple system...just one question though. I noticed that you stated that your take profit is 10. Is this normally a static profit target that you set for each trade or do you trail your stop for more?

I know that exits and profit taking are very personal to each trader and I don't need to get into a great discussion of the many ways that they can be handled...just looking for your specific opinion and what works best for you since you have the most experience with the system.

Thanks again for a well thought out system

10 is what I use ( plus spread) unless the GPB is involved, in which case 15

Hi Hamburg,

how do u filter whipsaws.

The most important filter is when you trade.

All markets move as a result of something fundamental.

When you trade after fresh news you will note some sort of trend.

Also, trade when there is volume or volatility. Do not trade a flat undecided market. This situation occurs often.

It is real simple to look at 5m chart and see if it has some sort of trend or not.