Trading With No Candles, MA crosses only

the 5 and 10 mas are starting to turn upwards now, so I expect all 4 trades will close sometime this afternoon, and it should start new trades in the opposite direction.

Had a bit of a FFF, a couple of days ago I noticed my demo had a basic moving average EA included in the MT4 platform. Apparently while I was playing with it I attached it to the gbp/usd chart and it took a buy trade at the bottom of the run at 100 lots. talk about freaking out when I checked on the trades, but luckily it went right into profit and I closed it out.

the reason I closed it was because it only appeared to take a 12 ma to place a trade, and since I don't know anything about EAs I didn't realize it was attached to any charts (there were no indications on my charts that it was running).

I have class in an hour so I won't be posting til after 6pm at the earliest.

it appears the market didn't want to retrace and drifted lower instead. this means of course, that I am still in all 4 trades and doing nicely. I have my stops set at the 21 still which is locking in a profit of +200 pips each for eur/jpy and gbp/jpy. I am really wanting a reversal so I can continue to test this method. I am interested in pip differentials between 5 and 10 ma and the different time frames for profit taking.

I know it's been awhile since I posted. I have 5 classes so sometimes I get swamped.

I have the "generic ma crossover" from ronald raygun set up on the 6 charts and the 1 hr timeframe. So far it's working pretty good. ]

You can check out the myfxbook link to keep up with the trades also. So far there are 2 out of 9 trades that were losers, which is really good.

the average win is 100 pips and the average loss is 50 pips.

all of these trades were up substantially more and better money management than waiting for the cross to close them out would have resulted in some killer trades.

there is serious potential with this, and I am going to continue to study this.