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Simple 1 EMA Strategy on M15

  • #21
  • Jun 24, 2010 3:51am Jun 24, 2010 3:51am
Quoting roundrock
this is the EU M15 chart that i just took.

Candle1 pierced and closed below EMA

Candle 2 high just touched EMA, the gap is not 5 pips. so this is not entry candle

Candle 3 high is less than 5 pips from EMA. so this is entru candle.

now the SL is high of Candle 2 or Candle 3 ?

what is the need for 5 pips gap ? is there any reason ? we could have got better entry at Candle 2.
Moving Average is "Middle Price" of "Market Price" and you have to wait while candle close not touching EMA. If you will check on history you can find false signal if you will choose "Candle 2". Candle 3 is entry because of gap between Price and EMA. But this is a little dangerous, because Candle3's close less lower than Candle 2's low. Yes SL is right and TP must be 2xSl. By the way I saw if we'll see SL is around 10 pips, no trade.
Think like an investor, Act as a speculator. Ferid H.
  • #22
  • Jun 24, 2010 4:42am Jun 24, 2010 4:42am
Quoting Feliks
Moving Average is "Middle Price" of "Market Price" and you have to wait while candle close not touching EMA. If you will check on history you can find false signal if you will choose "Candle 2". Candle 3 is entry because of gap between Price and EMA. But this is a little dangerous, because Candle3's close less lower than Candle 2's low. Yes SL is right and TP must be 2xSl. By the way I saw if we'll see SL is around 10 pips, no trade.

" But this is a little dangerous, because Candle3's close less lower than Candle 2's low" -- can you explain this statement ?

SL is high of candle 2 or 3 ?
  • #23
  • Jun 24, 2010 4:48am Jun 24, 2010 4:48am
GU chart. long entry. can we go long on candle 3? but this is red candle and its close is then candle 2
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 17 KB
  • #24
  • Jun 24, 2010 5:10am Jun 24, 2010 5:10am
Quoting roundrock
" But this is a little dangerous, because Candle3's close less lower than Candle 2's low" -- can you explain this statement ?

SL is high of candle 2 or 3 ?
http://img715.imageshack.us/img715/8286/19882405.gif
Think like an investor, Act as a speculator. Ferid H.
  • #25
  • Jun 24, 2010 5:12am Jun 24, 2010 5:12am
Quoting roundrock
GU chart. long entry. can we go long on candle 3? but this is red candle and its close is then candle 2
http://img641.imageshack.us/img641/2389/66488592.gif
Think like an investor, Act as a speculator. Ferid H.
  • #26
  • Jun 25, 2010 11:16am Jun 25, 2010 11:16am
This is results of trading from 18 June. I think Not bad. But nobody want to help me))
Attached Image (click to enlarge)
Click to Enlarge Name: 11.jpg Size: 164 KB
Think like an investor, Act as a speculator. Ferid H.
  • #27
  • Jun 25, 2010 11:29am Jun 25, 2010 11:29am
Quoting Feliks
This is results of trading from 18 June. I think Not bad. But nobody want to help me))
hi feliks...

is that the result from manual trading or from the EA ?
Helping Others bring u luck
  • #28
  • Jun 25, 2010 2:14pm Jun 25, 2010 2:14pm
Quoting tinorio
hi feliks...

is that the result from manual trading or from the EA ?
Manual trading
Think like an investor, Act as a speculator. Ferid H.
  • #29
  • Jun 26, 2010 6:13am Jun 26, 2010 6:13am
Quoting Feliks
OK. Guys. Thats All rules

Tried on GBPUSD M15
9 EMA

Buy condition

-If price close above 9EMA...
I have already read about and tried this system but I was not able to make a dime.
If you can find a way to make it work, the more power to you.
  • #30
  • Edited 12:38pm Jun 26, 2010 11:13am | Edited 12:38pm
Quoting finally
I have already read about and tried this system but I was not able to make a dime.
If you can find a way to make it work, the more power to you.
I say one thing to you. Even very famous traders never give all rules of their trading. They just show how he(she) can trade. Trader must check all this and have to try from all this "mess around" create "candy" and "eat it". Because its tasty only "for him".

Trading is very simple, if you will look at it simply.

For example, How many ways you think market has?

If i don't confuse 3 Up, Down, Range
Think like an investor, Act as a speculator. Ferid H.
  • #31
  • Jun 26, 2010 12:03pm Jun 26, 2010 12:03pm
Hi Feliks,

Totally agree with you. Best systems are very simple. Iīve just done a visual backtest of it and looks very promising. Just price action, no indicators (only 1 EMA as S/R), just present.
As soon as I start trade with your system next week, Iīll post some charts.
Thanks for sharing.
  • #32
  • Jun 26, 2010 12:42pm Jun 26, 2010 12:42pm
Quoting Caillou
Hi Feliks,

Totally agree with you. Best systems are very simple. Iīve just done a visual backtest of it and looks very promising. Just price action, no indicators (only 1 EMA as S/R), just present.
As soon as I start trade with your system next week, Iīll post some charts.
Thanks for sharing.
Hi. Thanks for your interest. But some "sides of this trading" I don't say. Actually because of users. I don't like lazy traders which come to see but nothing to leave, to improve this thread. I'll say another "rules" who first of all create an EA or backtest this manualy like you promising.

Best regards
Think like an investor, Act as a speculator. Ferid H.
  • #33
  • Jun 26, 2010 1:08pm Jun 26, 2010 1:08pm
Yes, but I donīt really like EAīs, I prefer manual trades, you always need some of discretion, i.e. not trade 30 min before/after news.
Anyway, obviously we need some filters before enter a trade after a pattern candle, I use ADR more than 40 and fractals on M1, M5 and M15 bullish, and then enter the trade after a pattern candle.
Next week Iīll try it on E/U, E/J, G/U and A/U. I think we can improve this strategy if we believe in it.
Bests Regards
  • #34
  • Jun 26, 2010 1:19pm Jun 26, 2010 1:19pm
Sorry, I mean fractal breakout, bullish or bearish.....
  • #35
  • Edited 2:23pm Jun 26, 2010 2:08pm | Edited 2:23pm
First of all fractal repaint. Second I dont believe any ossilator.

Just a simple questions. Please answer them honestly

1. Who or what drives markets?
2. If I have 200-300 000$, how do you think I'll wait for ADR cross or RSI overbought or oversold or other ossilyator signals?

By the way we don't need complicate what's already just simple. Try something find in what we have, but not including another instrument.
Think like an investor, Act as a speculator. Ferid H.
  • #36
  • Jun 26, 2010 2:38pm Jun 26, 2010 2:38pm
Sorry if I had disturb you, but a fractal donīt repaint, Itīs just another fractal.
An Upper Fractal (Oposite for lower fractal) is a five bar pattern where the high of the middle bar (bar 3) is higher than the highs of the other 4 bars (bars 1,2 & 4,5), so fractal donīt repaint. The fractal breakouts are powerfull.

And a small Average Dailly Range (ADR) just show a market choppy.

Anyway, I didnīt want to add more indicators, only to share the filters I use because I think your system needs some filters... Just my opinion.
  • #37
  • Jun 26, 2010 2:47pm Jun 26, 2010 2:47pm
Quoting Caillou
Sorry if I had disturb you, but a fractal donīt repaint, Itīs just another fractal.
An Upper Fractal (Oposite for lower fractal) is a five bar pattern where the high of the middle bar (bar 3) is higher than the highs of the other 4 bars (bars 1,2 & 4,5), so fractal donīt repaint. The fractal breakouts are powerfull.

And a small Average Dailly Range (ADR) just show a market choppy.

Anyway, I didnīt want to add more indicators, only to share the filters I use because I think your system needs some filters... Just my opinion.
I know my system need some filters but not these. I'll say that filters after EA creation. If you are so interest in this write to my e-mail or contact me another way(ICQ,MSN) i'll tell another rules of this strategy.
Think like an investor, Act as a speculator. Ferid H.
  • #38
  • Jun 26, 2010 3:02pm Jun 26, 2010 3:02pm
Ok, I did it.....
  • #39
  • Jun 28, 2010 8:59am Jun 28, 2010 8:59am
http://img69.imageshack.us/img69/4199/ordersh.gif
Attached Image (click to enlarge)
Click to Enlarge Name: orders.gif Size: 104 KB
Think like an investor, Act as a speculator. Ferid H.
  • #40
  • Jan 19, 2011 2:34pm Jan 19, 2011 2:34pm
Hi Felix,

I was reading this interesting thread, but unfortunately it stopped. What is it that made you stop.
I like simplicity in forex, that's why I started reading but now it is a sort of deception to see that there is no follow up. Even if the project failed, it is good to know why.

Regards, Ben
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