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EMA Cut

  • #61
  • Jul 24, 2010 5:11pm Jul 24, 2010 5:11pm
Quoting Ema
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
If i understand your suggestion well...you are suggesting we dont wait for the other EMA's to cross the EMA 200?..

It works that way too, but less success rate...and when there is sideway movements, you get whipsawed the more.....

But you can do a backtest on this and lets have your findings..i may be wrong
God's Love For You Is Sure Never You Doubt It
  • #62
  • Jul 24, 2010 5:25pm Jul 24, 2010 5:25pm
Quoting stu
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
In 5mins tf, I watch for a signal sequnce to unfold within a day's period..and the no of candles btw steps 2 and 3, prefarably shldnt be more than 12 candles [1 hr duration]....

Yes steps 2 and 3 can be combined as stated...
God's Love For You Is Sure Never You Doubt It
  • #63
  • Jul 24, 2010 5:39pm Jul 24, 2010 5:39pm
Quoting tradpat
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...
MA's are good on higher tf's but you'll need to be patient and disciplined in using them..the higher tf's need you risking more pips among other things for a sucessful use of MA..[a series of sideways movement which results in whipsaws, can wipe away days of profits and ur total account if care is not taken]..

This strategy has been tested and its been proven to keep you out of many sideways movement[maybe not all] that would have resulted in bad trades...

I've also noticed that MA crosses will most times [95%] generate pips at 5-10 on higher tf's..but when you look at how long you had to wait to get a signal and the risk involved, its not worth 5-10 pips..hence the need for filters and confirmations.....

Use of Fib and MA is something have not really tested for long...I trade fib patterns though...Gartley, Bat, 5-0, etc at S/R levels
God's Love For You Is Sure Never You Doubt It
  • #64
  • Jul 24, 2010 5:49pm Jul 24, 2010 5:49pm
Quoting Ema
D Libero, are u satisfied with Alpari UK?
Very satisfied...they've showed me that they are one of the best if not the best forex broker.....

Lately [this month], they closed one of my trades wrongly...I mailed them and carefully and professionally explained why i felt they did a wrong closure....They saw their mistake and promptly [all within 24 hrs] credited my account with the lost amount....
God's Love For You Is Sure Never You Doubt It
  • #65
  • Jul 25, 2010 12:45am Jul 25, 2010 12:45am
Quoting D liberators
MA's are good on higher tf's but you'll need to be patient and disciplined in using them..the higher tf's need you risking more pips among other things for a sucessful use of MA..[a series of sideways movement which results in whipsaws, can wipe away days of profits and ur total account if care is not taken]..
Hi D liberators

I totally agreed with you on the above.


Quoting D liberators
This strategy has been tested and its been proven to keep you out of many sideways movement[maybe not all] that would have resulted in bad trades...
It's good after several back tested. Just that I can't sit and monitor the trades on lower tf due to work. Probably I would look in to H1 to overcome it.


Quoting D liberators
Use of Fib and MA is something have not really tested for long...I trade fib patterns though...Gartley, Bat, 5-0, etc at S/R levels
Very good. Hope one day you will open another thread to share the fib patterns. This is really advance, I think.

P.S. I hope I can pm you for comment on my fibo-MA Daily trading method as shown previously?

Thanks
tpat
  • #66
  • Jul 25, 2010 1:06am Jul 25, 2010 1:06am
Hi D lib

Pls. confirm I got the rules (in red 1, 2, 3) right if the trade were taken on E-U?

Thanks
tpat
Attached Image (click to enlarge)
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  • #67
  • Jul 25, 2010 1:10am Jul 25, 2010 1:10am
Hi D lib

Here is another trade if it were to take based on rules 1, 2 and 3.
I labelled 3a, 3b, 3c and 3d.
I am not sure which one is the correct entry for short?
Or I should wait further to take the short?
Pls. comment.

Thanks
tpat
Attached Image (click to enlarge)
Click to Enlarge Name: e-u2.gif Size: 39 KB
  • #68
  • Jul 25, 2010 9:32am Jul 25, 2010 9:32am
Some might prefer this RCI-TC a little better than the standard RSI. The only difference is it changes colors when it crosses the 50. When you get super tired sometimes the little things can help.
Attached File(s)
File Type: ex4 RSI-TC.ex4   6 KB | 522 downloads
File Type: mq4 RSI-TC.mq4   5 KB | 549 downloads
  • #69
  • Jul 25, 2010 11:03am Jul 25, 2010 11:03am
Quoting tradpat
Hi D lib

Pls. confirm I got the rules (in red 1, 2, 3) right if the trade were taken on E-U?

Thanks
tpat

As simple as 1 2 3..very right bro.. am glad you have it nailed to the pip...lol

But pls note that trade mgt is different for higher tf's....here your Stop loss will be the low of the wave -20 pips [buffer] and TP could be 1:1 or more. but safer at 1:1

by the time someone comes up with a perfect EA, then we all wont have to sit glued to our computers....
God's Love For You Is Sure Never You Doubt It
  • #70
  • Jul 25, 2010 11:19am Jul 25, 2010 11:19am
Quoting tradpat
Hi D lib

Here is another trade if it were to take based on rules 1, 2 and 3.
I labelled 3a, 3b, 3c and 3d.
I am not sure which one is the correct entry for short?
Or I should wait further to take the short?
Pls. comment.

Thanks
tpat
Based on the entry rule..you would have entered before any of the labelled candles..but when trade this on higher tf, i tend to apply other forex knowledge before taking EMA cut trades..so atimes on higher tf's i find myself taking trades not immediately after rule 3 but at a retest of EMA 200, or S/R levels, or FIb patterns retracement zones, but most times price bounces off the EMA 200[a big secret], works like a moving trendline
God's Love For You Is Sure Never You Doubt It
  • #71
  • Jul 25, 2010 11:33am Jul 25, 2010 11:33am
Quoting tradpat
Hi D liberators

I totally agreed with you on the above.




It's good after several back tested. Just that I can't sit and monitor the trades on lower tf due to work. Probably I would look in to H1 to overcome it.




Very good. Hope one day you will open another thread to share the fib patterns. This is really advance, I think.

P.S. I hope I can pm you for comment on my fibo-MA Daily trading method as shown previously?

Thanks
tpat
Thanks for your kind words...I really dont like duplicating threads..am sure you'll find some threads here that deal with fib/price patterns...

Well Fib and MA combination like i said earlier, am nt so familiar with yet..but i'll try as much as possible to give my sincere comment when the need arises
God's Love For You Is Sure Never You Doubt It
  • #72
  • Jul 25, 2010 2:38pm Jul 25, 2010 2:38pm
Quoting D liberators
If i understand your suggestion well...you are suggesting we dont wait for the other EMA's to cross the EMA 200?..

It works that way too, but less success rate...and when there is sideway movements, you get whipsawed the more.....

But you can do a backtest on this and lets have your findings..i may be wrong
Yea, u understand me well, I will try to test that....
Do u have any rule for what is the maximum number of candelstick from step 1 till step 3, for a good trade? Or if price go too much pips(for example 40 or more) from EMA 200 before step 3, we dont going in to trade, or something similar...
I ask this, couse I noticed that the best trades are taken when price dont go too much from EMA200 when occur step 3, and when we dont wait too much candelstick after step 2...
  • #73
  • Jul 25, 2010 3:56pm Jul 25, 2010 3:56pm
Thanks for your previous answers D Lib.

I have just browsed back through Fridays charts from Alpari UK on the EU and I have attached a shot of a chart showing what I believe is a loosing trade - the price meets the criteria (steps labeled), apart from the optional one of the 5/8 cross happening above the 25/55.

Either in this example or others where the optional criteria is not met, would there be something else you would have looked for to confirm getting in/staying out or would this just have been one of the ones we lost out on?

Thanks again - Stu
Attached Image (click to enlarge)
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  • #74
  • Jul 26, 2010 9:01am Jul 26, 2010 9:01am
Quoting stu
Thanks for your previous answers D Lib.

I have just browsed back through Fridays charts from Alpari UK on the EU and I have attached a shot of a chart showing what I believe is a loosing trade - the price meets the criteria (steps labeled), apart from the optional one of the 5/8 cross happening above the 25/55.

Either in this example or others where the optional criteria is not met, would there be something else you would have looked for to confirm getting in/staying out or would this just have been one of the ones we lost out on?

Thanks...
Yes this was a loosing trade in that it didnt get to our TP before hiting sl, though some pips were given and some got out at BE. having moved their SL to BE when they had just 20 pips.
The 5/8 cross is not optional and i really cant remember saying that it is..if i have, then i must have said that in error...

However, the pips lost were recovered and more gotten almost immediately same day using the aggressive entry that gave a short signal later....
God's Love For You Is Sure Never You Doubt It
  • #75
  • Jul 26, 2010 9:54am Jul 26, 2010 9:54am
Hi D Liberators

Pls. correct me if the rules 1,2,3(entry) (all marked in red) is not right on the E-U chart.

If I miss the first entry, when do I make the next entry... for long in this case as all 4 EMAs are above EMA200?

Thanks for your time.

tpat
Attached Image (click to enlarge)
Click to Enlarge Name: e-u.gif Size: 41 KB
  • #76
  • Jul 26, 2010 2:37pm Jul 26, 2010 2:37pm
Quoting D liberators
...
The 5/8 cross is not optional and i really cant remember saying that it is..if i have, then i must have said that in error...
What I was thinking of when I mentioned this was post 4 where you mention as part of step 3 that "Ideally, the EMA 5 and 8 cross should be above the EMA 25 and 55 cross..and the 4 EMA's should be above EMA 200". The way I interpreted this would have meant this part of step 3 wouldn't have been valid for the trade example I gave.
  • #77
  • Jul 26, 2010 5:04pm Jul 26, 2010 5:04pm
I can make an EA for this (if it hasn't been made already), how good are the results of this system?
  • #78
  • Jul 26, 2010 6:07pm Jul 26, 2010 6:07pm
Quoting Jasus
I can make an EA for this (if it hasn't been made already), how good are the results of this system?
A trial will convince you..lol

Will be glad to have a perfect EA..the system is very effective...
God's Love For You Is Sure Never You Doubt It
  • #79
  • Edited 6:54pm Jul 26, 2010 6:13pm | Edited 6:54pm
Quoting D liberators
A trial will convince you..lol

Will be glad to have a perfect EA..the system is very effective...
Ok I just have 2 questions, how many bars can pass from step 2 to step 3? (with the step 2 bar included). And what should my SL value be? 25 pips?

PS: By bullish candle you mean it has a higher close than open right?
  • #80
  • Jul 26, 2010 6:38pm Jul 26, 2010 6:38pm
Quoting Flamenco143
Some might prefer this RCI-TC a little better than the standard RSI. The only difference is it changes colors when it crosses the 50. When you get super tired sometimes the little things can help.
I am a newbie and even to the extent of not knowing where to save the RSI-TC.MQ4 file as attached by our learned fren, Flamenco143. I tried saving that file at Crogram files.....expertindicators, but when i open my platform, I couldnt find the said file in my platform's indicator list. Can anyone help please. Thank your very much
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