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Simple 5 / 8 moving average crossover

  • #861
  • Sep 2, 2009 8:58am Sep 2, 2009 8:58am
Quoting chamane
Oops! Wrong sentence.

The way I trade I would not have entered on any of them because they are not in agreement with the higher timeframe (weekly). Also, except for USDCHF, they show a range situation. I use BBSqueeze indicator for that. And ecxept for AUDUSD, the RSI(8) stands between level 45 and level 55 so not enough momentum for me at the moment of the cross. But that's just me. If you consider only the cross of ema, they all show an entry signal.
I am still new to this system. I have found that following the criteria that Chamane uses a true signal does seem to be rare. However, when you get a good signal it seems to move really well. I was able to catch 400 pips on the EUR/USD trailing my stop by 100 pips. I have not had a signal since.

Chamane where can I find the BBSqueeze indicator because I have been trying to find something to help me identify range bound markets.

Thanks!
  • #862
  • Sep 2, 2009 9:20am Sep 2, 2009 9:20am
Quoting cmoon10
I am still new to this system. I have found that following the criteria that Chamane uses a true signal does seem to be rare. However, when you get a good signal it seems to move really well. I was able to catch 400 pips on the EUR/USD trailing my stop by 100 pips. I have not had a signal since.

Chamane where can I find the BBSqueeze indicator because I have been trying to find something to help me identify range bound markets.

Thanks!
The one I use is this one. Nice trade. If you refer to my post #838, I counted around 140 trades in a 6 month period for 13 currency pairs. There won't be that many trades, but I have more confidence in the signals I get.

Chamane
Attached File(s)
File Type: ex4 Bollinger Squeeze v4.ex4   7 KB | 672 downloads
File Type: mq4 Bollinger Squeeze v4.mq4   6 KB | 833 downloads
  • #863
  • Sep 2, 2009 9:34am Sep 2, 2009 9:34am
Quoting chamane
The one I use is this one. Nice trade. If you refer to my post #838, I counted around 140 trades in a 6 month period for 13 currency pairs. There won't be that many trades, but I have more confidence in the signals I get.

Chamane
Thank you! I like it but not sure how to use it. lol Looking at it I can see the benefits but I am not sure how to use it with this system. I am following the rules you posted earlier in the thread as they have given me the best results.

Thanks!
  • #864
  • Sep 2, 2009 9:39am Sep 2, 2009 9:39am
Quoting cmoon10
Thank you! I like it but not sure how to use it. lol Looking at it I can see the benefits but I am not sure how to use it with this system. I am following the rules you posted earlier in the thread as they have given me the best results.

Thanks!
Use standard settings. The green dots mean a range situation. You can also use a combination of the kertnel channel (20,1.5) and Bollinger band (20,2). When the Bollinger go inside the Kertnel, it's like having green dots on the BBSqueeze.

Chamane
  • #865
  • Sep 2, 2009 10:38am Sep 2, 2009 10:38am
Quoting chamane
Use standard settings. The green dots mean a range situation. You can also use a combination of the kertnel channel (20,1.5) and Bollinger band (20,2). When the Bollinger go inside the Kertnel, it's like having green dots on the BBSqueeze.

Chamane
Thanks! I was also looking through the charts and noticed that sometimes you get a cross in the direction on the longer term trend but the other indicators are not giving a signal at the current time. Then later the pair continues in the direction of the the cross and now everything lines up. Do you wait for the next cross or do you go ahead in take the trade now that everything has lined up? Thanks for helping me out! I am excited about his method as it seems very accurate and very laid back. I have a busy schedule and cant watch the charts all day.
  • #866
  • Sep 2, 2009 10:58am Sep 2, 2009 10:58am
Quoting cmoon10
Thanks!...
I make sure evrything is lined up when the EMAs cross - longer term trend, RSI >55 or <45, market not ranging. If only one of the criteria is not met, I don't enter. If they all meet a few bars after the cross, it could be good also to enter then, but I didn't backtest that option.

Chamane
  • #867
  • Sep 4, 2009 2:05am Sep 4, 2009 2:05am
Hi all,
With the bolingersqueeze I copied both files opened experts then indicators and placed them in the indicators file. Is that correct because the green dots are perminately on????
I am new to this program MT4 trader so any help would be appreciated.
Regards Ralph
  • #868
  • Sep 4, 2009 5:20am Sep 4, 2009 5:20am
Quoting Stumpy1
Hi all,
With the bolingersqueeze I copied both files opened experts then indicators and placed them in the indicators file. Is that correct because the green dots are perminately on????
I am new to this program MT4 trader so any help would be appreciated.
Regards Ralph
That should work. I only placed the mq4 file in and the reopened mt4 and had no problem. Which pair are you getting all of the green dots on?
  • #869
  • Sep 4, 2009 5:37am Sep 4, 2009 5:37am
Hi Cmoon,
I am getting the green dot on all charts its a bit strange
  • #870
  • Sep 4, 2009 7:55am Sep 4, 2009 7:55am
all fixed now thanks for your help
  • #871
  • Sep 21, 2009 3:33pm Sep 21, 2009 3:33pm
Looks like we could be getting a cross on the EUR/USD soon
  • #872
  • Oct 18, 2009 6:57pm Oct 18, 2009 6:57pm
Quoting Corre
have you tried with 5_Ema_Close and 8_SMA_Open??

i'm trying with SMA and using the narrowing of the 2 mas instead of the cross as enter signal.

It seems to work well. I will attach later the indicator I'm using to notice the narrowing
Do you have that indicator that notices ma narrowing? If so, could you post it on here.

Ta
The road to pipland is arduous and fraught with challenge.
  • #873
  • Oct 19, 2009 3:34pm Oct 19, 2009 3:34pm
long time between postings on this thread,

anybody still trading this system?
  • #874
  • Nov 2, 2009 12:11pm Nov 2, 2009 12:11pm
Hi

I have been watching this thread. All seen to have gone quiet, is nobody following this up? If this is the case perhaps I can ask why?

Look forward to any replies.

Keith
  • #875
  • Nov 2, 2009 2:59pm Nov 2, 2009 2:59pm
Quoting keithbridges
Hi

I have been watching this thread. All seen to have gone quiet, is nobody following this up? If this is the case perhaps I can ask why?

Look forward to any replies.

Keith
Hi,

I haven't checked the most recent signals. I am not trading it right now, but I will for sure. I am using it as a set ans forget technique so I don't demo to get the feel of it as I do with other strategies. I am confident with the results on daily timeframes. I will just backtest again with more recent data when I am ready to get in just to make sure the market is still offering winning setups.

Right now, I am looking for shorter timeframes strategies with less risk per trade because my equity is limited. Up to now, I have been using EMA crosses of higher timeframes (blue lines) and RSI (5 or 8) as filters to enter. Then I discovered that CCI(14) on the zero level was giving almost the same signals as the 5/8 cross. So for now, I am playing with it and other indicators to come up with appropriate filters on shorter timeframes.

Chamane

http://i33.tinypic.com/i6w2h0.gif
  • #876
  • Dec 4, 2009 8:55am Dec 4, 2009 8:55am
This is really a good strategy .but here i have a question:why not write an EA to do this job ?

For example:
Long: 5 EMA CROSS 8EMA (up) and RSI (14)>50
Short:5 EMA CROSS 8EMA (down) and RSI (14)<50

and we could set like lots, profits,SL,ets..
maybe it can reall work..
  • #877
  • Mar 30, 2010 4:20pm Mar 30, 2010 4:20pm
Quoting MrFuture
I agree, simplicity sometimes is the best solution. A lot of people keep trading smaller time frames and keep getting burned.

Longer time frames are the best. No wonder most professional traders use only daily charts. I know that UBS traders do that for example. I work at UBS (not as a trader and not in Forex) and sometimes I talk over the phone with top forex people at the company in Zurich. They only work with daily charts, support and resistance levels and a few more indicators. Nothing fancy, basic simple stuff.

The 5/8 emas work very...
I must to disagree on the ability to make tons of money and get filthy rich in Forex or any other security for that matter.

Good money management will make you rich. As a matter of fact, even in the worst year, if you starting with 1,000 USD capital and adjust for compounding, you can reach 100k by December, some elites can do more. Retail traders who consistently lose or break even must still think the world is flat too!
  • #878
  • Mar 31, 2010 7:06pm Mar 31, 2010 7:06pm
settings for 5-8 MAs?

both EMA and both on close?
  • #879
  • Mar 31, 2010 8:01pm Mar 31, 2010 8:01pm
5 ema set to close , 8 ema set to open
" Master Your Set-Up , Master Yourself "
  • #880
  • Mar 31, 2010 11:06pm Mar 31, 2010 11:06pm
the cross over needs filters. i just watched a cross over get UNCROSSED and continue in the opposite direction right in front of my eyes. on the gpd/usd pair
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