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A "new" simple system based on MA

  • #61
  • Mar 23, 2011 3:02am Mar 23, 2011 3:02am
Good idea my friend ! I am here to help you. When you post, you can attach a file clicking on manage attachements and then attach your file.

Quoting tgdrela1
Bonjour Mr HMAOui, I can program you up all the indicators and rules in chartstudio as I think this is a very good method. Will you help me if I have some questions? PS: Finished the CTL file. As I am not a full member, it seams that I cannot attach files. Or am I missing something.
  • #62
  • Mar 23, 2011 3:12am Mar 23, 2011 3:12am
This morning if you look at the 1mn Chart you can have a possible entry at 1.4162 near 7h50 GMT. It is an entry according to the rules....only if you dont look at 5mn chart ! MTF is a key on every system. When you look at 5mn chart, you cant see a trend and that's why I did not enter at 1.4162. If you enter, please exit as soon as 6 or 7 pips gained no more. But for me I prefer to wait for the perfect signal to reduce the risk and to earn the maximum of pips.
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  • #63
  • Mar 23, 2011 3:15am Mar 23, 2011 3:15am
Dont use the first chart.
  • #64
  • Edited 4:07am Mar 23, 2011 3:51am | Edited 4:07am
hi to all,

this is my first trade of eurusd which stopped out at +1.9 pip although it went up to +12 pips. I think I should control my greed as I normally close my trades in this timeframe at +10 pips. Anyway, as long as it's not a loss, it's okay with me...
Attached Image (click to enlarge)
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  • #65
  • Mar 23, 2011 3:56am Mar 23, 2011 3:56am
wow great thread!!!!
I'll try it out looks to promising )))
Hope everyone is doing fine!!
Keep posting the charts and the entrys... by the way... it seems you are from europe right hmaoui?

we could actually trade together if you like because you are in the same GMT+1 like me (Germany)

cheers!
  • #66
  • Mar 23, 2011 7:15am Mar 23, 2011 7:15am
I hate it when this happens...

I entered two more trades aiming for +15pips each, and my trailing stops of 10pips got hit in both of them. The thing is I generally aim for 10 and both reached to that point, but I was trying to get 15 and I'm just +4 pips in profit for the day while I could have +30 in three trades. Maybe I'm trailing the price too tight or aim for too high...

Anyway, there will always be another trade...
Attached Image (click to enlarge)
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  • #67
  • Mar 23, 2011 8:26am Mar 23, 2011 8:26am
I changed to m5 timeframe. the first trade was a misinterpreting of the indicators and I quickly quit from that at +1. and the second was the continuation of the downtrend and finally I got out at +15 pips...

now I'm +20 for the day. 10 more and I will reach my daily target...
Attached Image (click to enlarge)
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  • #68
  • Mar 23, 2011 8:28am Mar 23, 2011 8:28am
defo looks promising, will check it out cheers.
Enter Signature
  • #69
  • Mar 23, 2011 8:29am Mar 23, 2011 8:29am
oh, and i have to say the rainbow looks pretty on my fxopen charting, lol.
Enter Signature
  • #70
  • Mar 23, 2011 8:31am Mar 23, 2011 8:31am
Hello. On your chart the first entry is safe because trend is up (GMMAs and DMI confirmed) but on the second entry it is not so safe. Why ? Because GMMAs are losing momentum and DMI is negative. You can test it but it is not so safe than the first entry. I advise you to take only very safe set up to get your pips with few risk.

Quoting isengoz
hi to all,

this is my first trade of eurusd which stopped out at +1.9 pip although it went up to +12 pips. I think I should control my greed as I normally close my trades in this timeframe at +10 pips. Anyway, as long as it's not a loss, it's okay with me...
  • #71
  • Mar 23, 2011 8:33am Mar 23, 2011 8:33am
Hi ! Yes I live in Paris. I dont always post my charts asap because I am trading before posting

Quoting Froop
wow great thread!!!!
I'll try it out looks to promising )))
Hope everyone is doing fine!!
Keep posting the charts and the entrys... by the way... it seems you are from europe right hmaoui?

we could actually trade together if you like because you are in the same GMT+1 like me (Germany)

cheers!
  • #72
  • Mar 23, 2011 8:39am Mar 23, 2011 8:39am
10 pips is good when you scalp the market even if it goes to +20pips you dont have to be "sad". Only 5 pips a day on 20 days with 5 lots gives you 5000$ ! Dont be sad because you got 10 pips !

Quoting isengoz
I hate it when this happens...

I entered two more trades aiming for +15pips each, and my trailing stops of 10pips got hit in both of them. The thing is I generally aim for 10 and both reached to that point, but I was trying to get 15 and I'm just +4 pips in profit for the day while I could have +30 in three trades. Maybe I'm trailing the price too tight or aim for too high...

Anyway, there will always be another trade...
  • #73
  • Mar 23, 2011 8:51am Mar 23, 2011 8:51am
Quoting hmaoui
Hello. On your chart the first entry is safe because trend is up (GMMAs and DMI confirmed) but on the second entry it is not so safe. Why ? Because GMMAs are losing momentum and DMI is negative. You can test it but it is not so safe than the first entry. I advise you to take only very safe set up to get your pips with few risk.
hello hmaoui,

first of all, thanks for your comments and warning. regarding my second trade, actually the indicators were in line when I tried to enter (the candle before the one I really entered). however, something like a quotation problem kept me from entering the trade, so I didn't want to miss the opportunity and tried once more. but, you are right that I was a bit late entering it. I will try to be more careful about them the next time.

and you are right about not losing. I try to win a consistent amount every day (approx. 25-30), even some may find it ridiculous. but in the long run, these consistent winnings may bring wealth to my life. I prefer small consistent profits, instead of one time +100 pips trade.

thanks again for your comments. please feel free to criticize my mistakes as I will keep sending my trades.
  • #74
  • Mar 23, 2011 8:51am Mar 23, 2011 8:51am
I see that some members like the system and test it. What I like in this system is its simplicity : I mean rules are clear ! And you dont have to use complicated indicators. Only exponential moving averages, pivot points, and Stochastics (or another oscillator if you prefer). Tight stops allow you to risk a minimum amount of your capital, and allow you to trade the system even if you have a small capital ! I think it is very important as some good systems on FF are not tradable safely if you have less than 30 or 50K$ of capital. But if you have a good capital this system is tradable on every TF (from 1mn to 1 month), so it is really suitable.....and that's very important for a trader to use a system you are confortable with.

If you prefer to trade on small TF, with a good capital you can trade on many lots and give your wage very fast for the day. If you are confortable with longer TF, you can trade with small lots on 4h or daily basis for example. The rules are the same, the only thing to do is to adapt your SL and money management of course.
  • #75
  • Mar 23, 2011 9:01am Mar 23, 2011 9:01am
hi hmaoui, thanks for posting this system...very easy to execute.

i use something similar on 6e and nq futures.

as for exits, do you keep statistics on the average MFE for winning trades? i have found that over time, AIAO has worked out better for me while daytrading and runners work out for swing and long term trades (smaller risk capital with larger stops).
  • #76
  • Mar 23, 2011 9:17am Mar 23, 2011 9:17am
I hope you will focus on perfect entries ! Patience is the most important skill to trade !!!
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  • #77
  • Mar 23, 2011 9:21am Mar 23, 2011 9:21am
entries are pretty clear here too
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  • #78
  • Mar 23, 2011 9:41am Mar 23, 2011 9:41am
well, my last trade for the day for +10 more pips...

I reached my +30 pips daily target with no losing one out of 6 trades. One thing that I knew there were news at 2PM (GMT), but forgot the crude oil news at 2:30PM. Luckily the news favored my side and I got my 10 pips quickly.

and again that requotation thing delayed my entry once more. I need to solve it that when the price moves quickly MT4 keeps asking me do you accept this price, and even I click Yes, it again asks me that the price changed do you accept this?

hmaoui, I'd like to ask you a question. In m1 charts it's okay to set the SL to -7 pips. what's your SL for m5 charts on EURUSD, 'cause I got stopped out at 7 several times in my trials the last few days and price turned either from 8-10 pips.

good luck to all for the rest of the day...
Attached Image (click to enlarge)
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  • #79
  • Mar 23, 2011 10:03am Mar 23, 2011 10:03am
Effectively some entries are very clear and profitable ! Focus on perfect entries and you will get enough pips...

Another thing I like in this system is you can trade currencies, indices, everything such as orange juice, coffee, chocolate, cotton, T-Notes, etc...Everything !

Quoting brightside
entries are pretty clear here too
  • #80
  • Mar 23, 2011 10:05am Mar 23, 2011 10:05am
Quoting hmaoui
When you trade on 1mn TF, you have to be very careful and check the trend on the 5mn TF to be sure.
This i totally agree, see the bigger time frame first!
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