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EMA Cut

  • #121
  • Jul 28, 2010 10:19pm Jul 28, 2010 10:19pm
Quoting Naijafx
Good day guys,

I dont trade this system but just watch wots gwan as the system developer is a friend. well it has been proven that back test results are unreliable due to distorted data as presented by MT4. my advice for anybody is to spend maybe 3months forward testing the method and ur acctount result will prove to you if its OK or not.

advice again, many have said, when is the best time to watch/look for trade as they cant sit in front of the PC all day long. good reason but try this method at the begining of every session, u should be able...
Hey Mike..Thanks for your contribution....
God's Love For You Is Sure Never You Doubt It
  • #122
  • Jul 29, 2010 2:50am Jul 29, 2010 2:50am
i have modified the EA from Jasus to fix some issues.

i tested this with 30 min EU for alst 3 months, i got 3 orders , all are winners. i tried with 50 sl, 75 tp

we could have got more pips with trailing sl or using prev wave high/lo for sl,tp

also once price goes above 200 ema, we take only one trade, but actually the EMAs cross back and forth and we can get many trades, but we dont take them. we always want the price to cross 200 to start new cycle

you can test with various combinations and see how it works. both SL, TP are configurable. this works for only 5 digit brokers

ps : i havent tested/verified it for all scenarios, so be careful. try on demo first
Attached File(s)
File Type: mq4 EMA Cut v1.0.4EA.mq4   4 KB | 305 downloads
  • #123
  • Edited 5:45am Jul 29, 2010 4:37am | Edited 5:45am
Quoting roundrock
i have modified the EA from Jasus to fix some issues.

i tested this with 30 min EU for alst 3 months, i got 3 orders , all are winners. i tried with 50 sl, 75 tp

we could have got more pips with trailing sl or using prev wave high/lo for sl,tp

also once price goes above 200 ema, we take only one trade, but actually the EMAs cross back and forth and we can get many trades, but we dont take them. we always want the price to cross 200 to start new cycle

you can test with various combinations and see how it works. both SL, TP are configurable....
hmm... Thanks guys...but it aint working right yet....

Noticed we've been putting more focus on getting an EA than trading the strategy itself..so at this point, i want to focus more on trading this strategy....

i'll follow mostly the 15mins charts here... and atimes 30mins and 1hr charts as well.

For 15mins. on EurUsd, TP1=50pips, SL=50Pips
God's Love For You Is Sure Never You Doubt It
  • #124
  • Jul 29, 2010 5:17am Jul 29, 2010 5:17am
pl post charts as you see them ....

higher time (atleast 30 min) will work better than 5 min... my view

on 30 min, step3 shoul occur within 6 bars , not 12.
  • #125
  • Jul 30, 2010 1:12am Jul 30, 2010 1:12am
as per original post stoploss is 25 , tp 50 for 5 min chart
  • #126
  • Jul 30, 2010 6:23am Jul 30, 2010 6:23am
Hi D Lib. - I'm wondering if there are times that you are tempted to break the RSI rule. On looking back through last weeks (20th & 21st) charts for M5 EU there were 2 pretty good possible trades, but ruled out as the RSI wasn't in range, and today again a similar situation has occurred (as attached - entry on the red line).

Second question is concerning the second screenshot (EU M15). I know the RSI is out, but assuming it was in range, would you ever take all 3 steps in one bar and enter at (1) or would you usually wait until you get that 2nd confirming bar and enter at (2)?

Just thinking that, from looking at the current direction of that M15 chart that I might have answered my own question about the RSI :-)

Thanks again - Stu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: examp_2.jpg Size: 97 KB
Click to Enlarge Name: examp_3.jpg Size: 95 KB
  • #127
  • Jul 30, 2010 6:45am Jul 30, 2010 6:45am
Here is a signal unfolding on the ECAD 1 hr tf....There've been several sigals this week ranging thru all timeframes, but i'll post this as its happening live
Steps 1 and 2 are fulfilled..[as labelled] so we hope for step 3 to happen, then go short...
Attached Image (click to enlarge)
Click to Enlarge Name: ema ecad.gif Size: 52 KB
God's Love For You Is Sure Never You Doubt It
  • #128
  • Jul 30, 2010 6:57am Jul 30, 2010 6:57am
Quoting stu
Hi D Lib. - I'm wondering if there are times that you are tempted to break the RSI rule. On looking back through last weeks (20th & 21st) charts for M5 EU there were 2 pretty good possible trades, but ruled out as the RSI wasn't in range, and today again a similar situation has occurred (as attached - entry on the red line).

Second question is concerning the second screenshot (EU M15). I know the RSI is out, but assuming it was in range, would you ever take all 3 steps in one bar and enter at (1) or would you usually wait until you get that 2nd...
Good to follow rules..lol

The second question......i wait for the 3 steps to happen..and there are times it completes on the confirming candle after the cut candle..you cant have the signal on the cut candle...
God's Love For You Is Sure Never You Doubt It
  • #129
  • Jul 30, 2010 9:30am Jul 30, 2010 9:30am
Quoting D liberators
Here is a signal unfolding on the ECAD 1 hr tf....There've been several sigals this week ranging thru all timeframes, but i'll post this as its happening live
Steps 1 and 2 are fulfilled..[as labelled] so we hope for step 3 to happen, then go short...
Signal is invalid now..market is a bit indecisive, and its an end of the month week end...so we step aside on this and continue next week next month....
Attached Image (click to enlarge)
Click to Enlarge Name: ema ecad 2.gif Size: 54 KB
God's Love For You Is Sure Never You Doubt It
  • #130
  • Aug 1, 2010 12:39pm Aug 1, 2010 12:39pm
hey i know everyone is asking for an ea in order to take the guess work out. but i think having the alerts after steps 1 and 2 would give us a chance to put our on discretion on trades. as well as let us monitor it a bit on our own. i would appreciate if someone can code that for me. as long as i can get an email alert to my phone i will be a happy trader
  • #131
  • Aug 7, 2010 12:25pm Aug 7, 2010 12:25pm
everyone abandoned this already?
  • #132
  • Aug 8, 2010 5:35am Aug 8, 2010 5:35am
Quoting rooktrader
everyone abandoned this already?
Sure looks that way. What I want to know is who are the people that have given it a 4 star rating?
  • #133
  • Aug 13, 2010 9:44am Aug 13, 2010 9:44am
Quoting Macdon
Sure looks that way. What I want to know is who are the people that have given it a 4 star rating?
Just stopped by to see the thread.....Well Mac, this thread gives a very simple yet effective strategy if the simple rules are rightly followed....and some traders did and still are benefiting from this....

Not posting here does not invalidate the strategy posted....if you've taken the time to check it out on your charts, i believe you'd have bothered less about those that rated it....wat do you want with them anyway?,...Arrest them or ban them from trading?.....hope you're nt one of the ''big boys''.

Dont mind me..just kidding..lol

ode ala i mokan...
God's Love For You Is Sure Never You Doubt It
  • #134
  • Last Post: Oct 23, 2010 9:08am Oct 23, 2010 9:08am
http://www.forexfactory.com/showthread.php?t=46048 Here is a link to another forum on this site , very similar in trading styles and some good indies and robots' ... Very informative to read if you have the time ....Read the first couple of pages then go to page 100 and read untill finished ....
Hope i did this link right ...
This lets you get in the trade sooner on the reverse trend but with the same strategies to be reached .
Just an idea ... thought it might help some for re-entry and reverse trend opportunities.....
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