MA + Momentum system | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Best Trading System (Only Momentum) 64 replies

Momentum and StochRSI system 745 replies

Intraday Trading M.F.G. System - PA Momentum Flow Guideline 56 replies

GBP/USD Momentum Trading System 4 replies

Momentum System-Help Please 0 replies

Attachments: MA + Momentum system
Exit Attachments

MA + Momentum system

  • #61
  • Mar 25, 2011 4:45am Mar 25, 2011 4:45am
can someone please answer the questions i posed on post 31 ??
  • #62
  • Mar 25, 2011 6:15am Mar 25, 2011 6:15am
Quoting whatfx
can someone please answer the questions i posed on post 31 ??
hi whatfx

the question directed to me was answered but the other question,i get in and some resonable pips i get out with tight sl, i have been watching this sytem since yesterday
looking @ my chart,i combined it with my style because it takes days for the indicators to agree(still waiting for that).i entered based on my criterials yesterday & partially theres.....2 entries
@ 4171 also 4127

if i had taken my profits @ 30pips or more,i would have smiled but not, i lost almost my gained pips.but based on the final set up by FLYER415 we have to wait for the H4 mom to signal too.

sorry for the long story,it will take up to a month to get all answers u need................**** based on all the set up if i had entered 2hrs ago i would have been on negative
Attached Image (click to enlarge)
Click to Enlarge Name: ytdytdtydtdt.gif Size: 46 KB
  • #63
  • Mar 25, 2011 6:18am Mar 25, 2011 6:18am
Quoting dutchsignals
Thanks for the MTF indicator, it is very usefull.
what are youre settings for the EMA.

dutchsignals
Dutch, I can't get in touch with you. (emails are coming back and new members can't use the personal message system on ForexFactory)
  • #64
  • Mar 25, 2011 6:30am Mar 25, 2011 6:30am
did anyone take that entry about 2+ hrs ago?
  • #65
  • Mar 25, 2011 6:32am Mar 25, 2011 6:32am
Quoting webglobe
hi whatfx



if i had taken my profits @ 30pips or more,i would have smiled but not, i lost almost my gained pips.but based on the final set up by FLYER415 we have to wait for the H4 mom to signal too.

webglobe and others,

Please note that i do not trade this setup. Someone had asked for a filter and I had suggested using a higher timeframe for a filter instead of using another indicator on the same timeframe.

When you use a higher timeframe for a filter then there will be fewer trades but they tend to be held for a longer duration.

In your case where you dash in, take pips and exit I would not recommend using a higher timeframe as a filter. I never trade that way so I have no idea how to optimize that type of trading style.

Also, the indicators "indicate". I never see them as hard and fast as price action or S/R will often supersede them.

If someone has decided to use the higher timeframe concept as a filter then I believe that they should go back and test the setup historically. That can be done visually either with strategy tester, forex tester or just looking at a historical chart quickly. From that you will be able to create rules such as SL or TP settings. Or you may even decide that it does not work.

MastaScalpa presented the start of a certain strategy. It is up to the individual user to decide how best to implement it within their own style. Sometimes people will post their learnings or discoveries on this forum but it is up to you as a trader to verify them. It is your money.

I have one system/method and I have been using it for 1.5 years but it took me probably 3 years of finetuning it before I was truly comfortable with it. It uses higher timeframes as a filter and trades are longer and less frequent. It works for me but may not work for others.

Again, do not take anything that I say as direction for this setup. It is not mine and I have not backtested it.
  • #66
  • Mar 25, 2011 6:39am Mar 25, 2011 6:39am
Quoting webglobe
did anyone take that entry about 2+ hrs ago?
webglobe,

I looked at it (assuming you mean EU). I always use Stop orders set at Low - 7 pips. In this case it only went 4 pips below the trigger candle so the order would not have been hit. Just a note that my SL would have been the previous high for an 85 pip SL.

That was on demo only.
  • #67
  • Mar 25, 2011 7:27am Mar 25, 2011 7:27am
My EU demo Pending Short just hit at 1.41343
  • #68
  • Mar 25, 2011 11:33am Mar 25, 2011 11:33am
Well this Short on EU is +67 pips so I am moving the SL to BE+Spread. I am letting it run as it is on demo.

Normally I would close this before the weekend due to different issues in Europe..Portugal..EU meetings etc and I hate having a large gap on Monday.
  • #69
  • Mar 25, 2011 2:33pm Mar 25, 2011 2:33pm
Closed the Short for 78 pips before the weekend as the 1.4050 area was giving it a hard time.
  • #70
  • Mar 28, 2011 6:19am Mar 28, 2011 6:19am
hello guys. anyone waiting for this set up today?
  • #71
  • Mar 28, 2011 8:51am Mar 28, 2011 8:51am
Quoting webglobe
hello guys. anyone waiting for this set up today?
hi webglobe, i'm waiting for EU. looks promising.
  • #72
  • Mar 28, 2011 9:11am Mar 28, 2011 9:11am
ye me2 )
  • #73
  • Mar 28, 2011 9:13am Mar 28, 2011 9:13am
Quoting MastaScalpa
ye me2 )
what's your target price MastaScalpa?
  • #74
  • Mar 28, 2011 9:15am Mar 28, 2011 9:15am
Quoting lundu00
hi webglobe, i'm waiting for EU. looks promising.

lundu00 did u still enter the trade? for me i scalped it for few pips just because of the news.but for long term no no no for me lol
  • #75
  • Mar 28, 2011 9:19am Mar 28, 2011 9:19am
Quoting webglobe
lundu00 did u still enter the trade? for me i scalped it for few pips just because of the news.but for long term no no no for me lol
webglobe, i'm still hanging on to my trade. giving it a try, but of course i won't dare with the NFP news.
  • #76
  • Mar 28, 2011 9:40am Mar 28, 2011 9:40am
Quoting lundu00
webglobe, i'm still hanging on to my trade. giving it a try, but of course i won't dare with the NFP news.
Won 29 pips. I like this method MastaScalpa. Thanks!
  • #77
  • Mar 28, 2011 3:51pm Mar 28, 2011 3:51pm
Quoting lundu00
Won 29 pips. I like this method MastaScalpa. Thanks!
lundu00 and MastaScalpa you made some pips thats kool. but do u know that the set up was so kool and i wanted to jump in but my stupid broker couldnt let me excute a trade

lets see what tomorrow will bring guys
  • #78
  • Mar 28, 2011 6:52pm Mar 28, 2011 6:52pm
Quoting xscamx
what are the stop loss u use
I seen you posting at Bobokus' thread. U no longer there?
  • #79
  • Mar 28, 2011 6:58pm Mar 28, 2011 6:58pm
Quoting whatfx
do not enter even if price crosses the 19 ema and a full candle forms, UNLESS there has been a reversal of price from one side of the ema to the other side. otherwise its a false signal...
Quoting whatfx
hi

what i meant above is.....even if the momentum changes from below to above and vice versa, and a full candle forms on the opposite side of the 19ema, do not enter unless the price has a definate reverse on that side of the 19 ema.

also, like most systems, this will be a killer during ranging markets resulting in multiple stopouts.

so, u need to have filters for when its ranging........

suggestions anyone.
Question if I may. Hope you don't mind. What would you count as being a definite reverse? I'm just curious. Also why would you call this a false signal? Does it happen repeatedly? I ask because a system should not be discounted because a person had a few failures. I think the best filter for ranging is the eyes. If the eyes cant see it neither can an indicator.

Thanks
  • #80
  • Mar 28, 2011 11:21pm Mar 28, 2011 11:21pm
Quoting webglobe
lundu00 and MastaScalpa you made some pips thats kool. but do u know that the set up was so kool and i wanted to jump in but my stupid broker couldnt let me excute a trade

lets see what tomorrow will bring guys
be patient webglobe. i wonder how this method will fare later. it'll be interesting.
0 traders viewing now