Interesting GBP/USD MA Crossover system

I have been watching this tread for a while and would like to try this system in a demo acct. Would someone be so kind to direct me where to find the EMA indicator for this program. I have two different MT4's installed and I have search the net, but I have not found EMA that have the same options that are required here.

Thanks

thanks a lot for your compliments, it means alot. At first I was hoping to share this new idea for a great system, but I quickly saw many areas for improvement and one thing led to another and now the thread is more of a journal on developing an system/EA. It's not that exciting and I only post now and then, at the most twice a week, but some people seem to find it very meaningful.

I'm also not sure if I feel ready to release the next version. It's certainly different and better enough to be a new version, it's just that for example the week of feb 5th through 10th there would be no trades, and I find it hard to go a week without any action. But to get action I'd have to descend into the treacherous 15 minute charts and I don't know if the extra pips are worth the extra risk...or work.

there is no ema indicator...you must be talking about the osama indicator. However if I were you I'd just wait till the next version comes out. The one you have now is embarrassingly inadequate.

Hello Aicccia...

Like I said I traveled this forex land for a while... set at different round tables... as an apprentice... and have learn a bit...

What expert fx traders are saying the larger timeframes H1/H4 are the most profitable to trade... so your H1 is right there... less trades... less risk... less headaches... but more PIPs each... stay with it...

Candlestick patterns seams not to do that well in fx... but the general chart patterns are quite good... impulsive and contractive waves... like with the Aligator [Bill Willliams on Alpari]... when it sleeps one can set the limit BUY and Limit SELL outside the band... or... better yet, wait for the break... enter the trend at the end of the 1st Contractive Wave and ride the trend with Trailing Stops until stopped out...

I know, I am talking here like a 1st grade student talking to a professor... *smile* ... I know you know all this, but let me talk a bit...

I guess you covered all this already in your 1H EA... so trending market is covered... there is one system I am getting ready to look at now that works on Elliot Wave and Fibonacci principals... it's 1H/4H timeframe... I will let you know how it will show up...

For last few months I was trying to learn the most simple fx system on the planet... RAINBOW by LinuxTroll... short timeframe S30/M1 up to any frame... short time frames give the opportunity to see how the Rainbow flies... I call it a Flying Dragon... the latest from LinuxTroll is just one color... WMA 5 to 143 [build every 3 up] in blue... the principal is that what goes UP must come DOWN... the base/belly of this dragon [WMA 144], that it slides along, act as line around which Dragon's wings are flapping UP and DOWN... the best observation is on the shortest frame... no indicators needed... maybe CCI... LinuxTroll is using it for scalping as well as for longer frames and... according to him, is doing extremely well... I though, lost much more than won... ...

The above, with 1st contractive wave entry... possibly... if captured in a mathematical formula... could give us the short frames solution...

Your mind would probably find the way to make the Flying Dragon a success and make it into EA... actually it can be make very simply with only WMA 21, 34, and 144 [I know you don't like MAs, but why not to give it a try]...

I will try again... WMA 21.34 are like Alogator... WMA 144 is the baseline... entry at the end of 1st contractive wave... when Aligator sleeps - no trading... there would need to be Support/Resistance lines for the "sleeping band" put in place... and when one broken... enter only at the end of the 1st contractive wave... provided the CCI confirms the reversal from its TOP or LOW extreme...

There is also DeMark trend lines break-out indicator that is quite interesting [have learned about it from MiniMe - http://www.forex-tsd.com/95248-post18.html]

So I guess... this should be enough of my rumbling for now...

Does the above make any sense to you...?

I'll appreciate your input... Thanks!

Hey guys, I have come to the realization this this system is way too complicated to be that good. The more indicators and variables a system has the more tweaking and optimizing you have to do to get it to work. That's why the ultimate system is just trend lines and price action. So I'm starting over on something else, and limiting myself to just a few MAs and an osma indicator. If it performs to my standards I'll let you know. But here is as far as I got on the MoneyMaker system. I would only optimize the system variables rarely. I'll answer questions on it if needed but I won't be working on it anymore. It works great over the last 6 months but I couldn't get it to work from march 2006 to September 2006, and that's why I'm dropping it.

Sorry about what file format does one open these files with. Thank you.

these are metatrader files so you need metatrader to open them....

Thank you but could you point me to the link where I could get MetaTrader please.

http://www.metaquotes.net/downloads/

Thanks very much.

Looks like someone is now selling this EA on eBay (search for MoneyMaker Forex), but for pairs other than GBPUSD - are you aware of this aicccia?

yeah my dad was. I told him it didn't work but the bastard still kept trying to sell it on ebay. goddamn idiot...

Hi Aicccia,

I am not sure why you are so negative about your trading system: I backtested it with GBPJPY from 1 Jan 09 onwards on the 5 min, 15 min, 30 min and 60 min timeframe and the profitability is terrific! I couldn't get your EAs to run (never figured out why) so I use the Money-Maker-Trending-04-dsy1.2 EA which one of the contributors here posted some time ago.

Am I the only one who runs this system profitably, given that the forum went dead some time ago? Each of the above mentioned time frames gave me some 6-9 signals since the start of this year but the system has generated only one single signal since late March.

Always appreciate your comments!

Cheers,

Daniel

i am new in forex, please teach me more on this.

Buy or Sell when candle opens below/above 48 ema and closes above/below 72 ema(so it crosses through the channel in one candle). Keep trade open till opposite happens, ie, it crosses channel in other direction.

What is candle.

hi

it's really work great when i folow the croosing and keeping directions over 0 macd for good buy and below 0 macd for sell

this is my understanding about the cross of ma in OSMAMA indicaror

i'll try the system

thanks

I also use MA for trading....
And your method seems very dedicated.

So the old EA you post still work or you already make the new one? (maybe i missed the new version in the middle of the post).

If yes i will give it a try at demo for one month and let it run along...

I always like MA crossover ^^

great work, aicccia

Hi aicccia nice work even if you decided to quit it at the end
I'm sure you'll come up with something fantastic soon
So keep it coming
I read your thread while I was working on MA Cross a while ago and I recently fell on a highly profitable EA+Optimization combination
I highly recommend it if you're interested in MA Cross

EA used: MA_cross_Method_PriceMode by Duke3D [attached]
My parameters are:
JPY H1 with MA1_Period = 12, MA2_Period = 44, default for the rest

Backtesting Results:
I use high quality 1 min data from fxdd 90% modeling
I use a different way of testing than most here in the forum
I tested individually on 40 months from DEC06 to MAR10

Initial Deposit: 500$
Percentage of winning months: 68%
Average Net Profit per month [inc. losses by losing months]: 218$
Percentage of months where Balance < 250$ : 15% [6 over 40]

I choose the minimum deposit amount to better assess risk
I test individual months simply because I think that the order of the events/patterns happening during several years renders the testing very specific to one particular sequence
Therefore breaking the sequence and taking months individually increases the sampling quality

Attached are the results details
For those who prefer the "traditional" way of testing I've also attached back-to-back straight test results for DEC06-MAR10
Cheers!

Hi

Can You post Your EA with the setfile for this very promising result?
Which pair have You backtested?

Elovv

Sure thing Elovv
Use them on USDJPY H1
Please let me know what you think
Cheers