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EMA Cut

  • #41
  • Jul 22, 2010 5:41am Jul 22, 2010 5:41am
Quoting D liberators
Here's a chart of the complete signal as occured y/day on 5mins chart......CLASSIC...exceeded our 50 pips target and never went more than 1 pip the other way before diving to it our TP..

Lets do this guys..its easy and effective..remember the golden rule in this business? it's withstood the test of time and i mean...KISS..[Keep it simply simple]..lol
Here's another signal on UsdChf today
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 57 KB
God's Love For You Is Sure Never You Doubt It
  • #42
  • Jul 22, 2010 5:47am Jul 22, 2010 5:47am
Quoting TraderHotch
I'm not sure what is wrong with it in the first chart, could just be metatrader lulz, haven't seen anything like that on mine, will check the code again.

As for the second, step 1&2 has probably occurred earlier in the chart (couldn't see from the pic you posted). You didn't specify how long to wait after step 1&2 for step 3, so I let it run until a trade occurs or price closes on the other side of the 200EMA.

EDIT:

this might help in testing, added a print statement for when it decides step 1 and 2 have occurred.
ok..will give it a try later...perhaps anyone else might try it and give us a feed back..dont i can before weekend...

for 5mins time frame, i prefer having all the rules in same trading day..this will suggest that the market sentiment is strong in the direction of the signal and we need to catch our pips and come out as quickly as possible rather than linger in the market for longer than necessary....
Thanks bro.
God's Love For You Is Sure Never You Doubt It
  • #43
  • Jul 22, 2010 6:51am Jul 22, 2010 6:51am
I may have gone 1 step forward 2 steps back with one of them, this seems to have all suggestions, change barexpiration to however many bars after step 1 and 2 you want 3 to occur.
Attached File(s)
File Type: mq4 EMA Cut1.02.mq4   6 KB | 333 downloads
  • #44
  • Jul 22, 2010 6:56am Jul 22, 2010 6:56am
thanks traderhotch, will check it out.
  • #45
  • Jul 22, 2010 7:48am Jul 22, 2010 7:48am
have a question dlib. what times do you trade this system? is it good all the time? and a suggestion for the ea maybe instead of live trading maybe just an alert when price cuts the ema and a bar closes above.
  • #46
  • Jul 22, 2010 9:11am Jul 22, 2010 9:11am
Quoting rooktrader
have a question dlib. what times do you trade this system? is it good all the time? and a suggestion for the ea maybe instead of live trading maybe just an alert when price cuts the ema and a bar closes above.
I trade for as long as i can be on my system, but i try not to miss signals on EurUsd.

I think EA's have the option of giving just alerts alone or taking trades for you...so you can decide what you want it to do.....
God's Love For You Is Sure Never You Doubt It
  • #47
  • Jul 22, 2010 9:24am Jul 22, 2010 9:24am
Quoting TraderHotch
I may have gone 1 step forward 2 steps back with one of them, this seems to have all suggestions, change barexpiration to however many bars after step 1 and 2 you want 3 to occur.
you're the man....you're presently standing on trial...putting this up on all 6 pairs... let's see how it goes...

Paradventure it goes well, will it be possible to have an alert say on your phone or other mobile device?
God's Love For You Is Sure Never You Doubt It
  • #48
  • Jul 22, 2010 10:03am Jul 22, 2010 10:03am
Quoting D liberators
I trade for as long as i can be on my system, but i try not to miss signals on EurUsd.

I think EA's have the option of giving just alerts alone or taking trades for you...so you can decide what you want it to do.....
but you cant possibly monitor it 24 hours. what sessions work best? i see the best moves for today happened last night around the london open. is it usually that way.
  • #49
  • Jul 22, 2010 10:56am Jul 22, 2010 10:56am
Quoting D liberators
you're the man....you're presently standing on trial...putting this up on all 6 pairs... let's see how it goes...

Paradventure it goes well, will it be possible to have an alert say on your phone or other mobile device?
Hope it's on a demo account, lots of tweaking to be done I'm thinking.
  • #50
  • Jul 22, 2010 1:06pm Jul 22, 2010 1:06pm
hey traderhotch i am a little new to the ea world. im just wondering how come when i back test it with the default it does not pick up a lot of trades that if one looks at the charts seem like valid entries
  • #51
  • Jul 22, 2010 1:23pm Jul 22, 2010 1:23pm
Still testing, but can see some issues that need adjusting
1. It picks another trade immediately after closing a valid trade.
2. Spreads are not factored into the TP and SL.
3. I personally dont take the 5th decimal place on price values into
consideration when looking at the crosses..but am beginning to have a
second thought as regards this though.

4. It missed a valid signal.

Am still testing and av loaded on a live account but not to auto trade..

Quoting TraderHotch
Hope it's on a demo account, lots of tweaking to be done I'm thinking.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ema cut ea test ii.gif Size: 69 KB
Click to Enlarge Name: ema cut ea test i.gif Size: 69 KB
God's Love For You Is Sure Never You Doubt It
  • #52
  • Jul 23, 2010 3:22am Jul 23, 2010 3:22am
Quoting D liberators
Here's rule 2....Candle opens and closes above EMA 200

Now we wait for Rule 3...I'll like to state here that i personally prefer not to have too many candles between rules...Best signals are when rules 2 and 3 happens on the same candle..but as it is now, we dont have that, so we wait for rule 3.
step 3 fulfilled....Ema's crossed up and all above EMA 200 [candle labelled
3]

Entry is on open of next candle[arrowed] after step 3

On higher Time frames, the TP and SL differs from what we have on the 5 mins tf.
I prefer to use the top/bottom of the wave +-20 pips as buffer for my stop loss and a TP1 of 1:1.

I'm sure with this everyone now understands this simple [pip magnet] strategy.

Lets all hope we'll be able to get a perfect EA for this...but for now i trade manually
Attached Image (click to enlarge)
Click to Enlarge Name: ema cut....gif Size: 64 KB
God's Love For You Is Sure Never You Doubt It
  • #53
  • Jul 23, 2010 5:27am Jul 23, 2010 5:27am
Thanks for the system Liberators,
I work with it the last few days and it works well .
Did you took the trade today in the Eur/usd??
Which is still going on.

Dutchsignals
  • #54
  • Jul 23, 2010 10:43am Jul 23, 2010 10:43am
Quoting D liberators

iv EMA 8.......applied to OPEN... shift 0

D liberators, may I ask what the thinking is behind this?

  • #55
  • Jul 23, 2010 5:31pm Jul 23, 2010 5:31pm
Quoting D liberators
i traded the EU and it gave 50 pips..but not according to the entry rules as stated here..its a no trade as the rules here..however i have a more aggresive entry approach..but i do not which to put that on this thread... the rules here is highly profitable in itself...

I trade on 5mins. tf
Hey D Libero, can you, please, tell us your agresive entry. I test your strategy, it's realy nice, but maybe to entry when 4 ema's cros for long 5above 8, 8 above 25 and 25 above 55. and in uptrend. What is your opinion?
Thanks, Ema
  • #56
  • Jul 23, 2010 5:59pm Jul 23, 2010 5:59pm
Hi D Lib

From reading the steps & scanning the charts my understanding is that there can be a max of 2 candles between steps 1 and 2, but the number of candles between steps 2 and 3 can be manifold - how long do the signals for step 1 and 2 hold (e.g. are they void if the price comes back through EMA(200), or at a certain time)?

Also, from looking at chart on post 31 am I correct in thinking that steps 2 & 3 can be combined where the rules for step 3 are already fulfilled by the bar that fulfils the rules for step 2?

Thanks - Stu
  • #57
  • Jul 23, 2010 8:00pm Jul 23, 2010 8:00pm
Quoting D liberators

[forgive me, i'm a fund manager and i have a lot on my hands].
Hello Dliberators

I like MAs trading. Some traders commented thou MAs are lagging but safe as it is good for trend signal. I use Daily/H4 tf.

I indeed enjoy reading your thread! Thou I am newbie, I have been following up FF for 2+ years... just that in part time basis due to commitment in work (work... work... ) and family.

I use Daily/H4 due to reason above., using fibo-MAs (8, 55, 89). FYI I am demo only. Pls. do offer comment for improvement.

So you are a Fund Manager. Very good to have you here to share your knowledge and experience in trading.
I look forward your thread will active for good and long. (In the past I wanted to follow some good threads but at the end the creators left and the threads went silent)

I will return to follow your advice.

Bravo!

tpat
Attached Image (click to enlarge)
Click to Enlarge Name: a-u.gif Size: 25 KB
  • #58
  • Jul 24, 2010 3:35am Jul 24, 2010 3:35am
i have created this indicator to help traders take the signal. it has a alert and arrow when the signal is generated. please note i am new to coding, so there could be bugs, i tested it but not for all situations.

MaxBars -- how many bars to look back to start scanning for signal
BarExpiration -- how many bars you wait between step2 and 3
Attached File(s)
File Type: mq4 EMA Cut1.02.mq4   6 KB | 291 downloads
  • #59
  • Jul 24, 2010 6:33am Jul 24, 2010 6:33am
D Libero, are u satisfied with Alpari UK?
  • #60
  • Jul 24, 2010 5:05pm Jul 24, 2010 5:05pm
Quoting **straddle**
D liberators, may I ask what the thinking is behind this?

This is gotten from tweaking the MA's to see which parameters give the best option..The EMA 5 and 8 cross is a sytem on its own and there was a very vibrant thread [Key to the Mint] on this, but the thread owner shifted to a new strategy and that automatically put paid to the EMA 5 and 8 cross thread discussions [those were my early days of trading].

The strategy here is a result of lots of painstaking tweaking and testing [both live and backtesting] of EMA emanating from my experience of working with MA and the attendant issues and concerns raised by traders..and i've come to see a better performance in EMA above other MA's...then i started tweaking and prying into how the ''big boys'' make use of MA's...this led to EMA 200 discovery..place just this on your chart and see how easy it is to determine the trend especially on the daily tf.....the story goes on till i arrived at this point...

Hope this elaborate enough...lol
God's Love For You Is Sure Never You Doubt It
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