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A "new" simple system based on MA

  • #181
  • Apr 14, 2011 8:08am Apr 14, 2011 8:08am
Exited at 1.4428 as it is difficult now to pass through 1.4430. 10 pips profit on 5 lots = 500$
  • #182
  • Apr 14, 2011 8:10am Apr 14, 2011 8:10am
hmaoui, for the setup, does the price need to be between the tunnel of ST and LT MA, or sometimes just it bounce to ST MA then we can enter?

btw..did you trade this on standart lot? if I may know, how much your equity so you feel comfortable to trade this strategy on standart lot with 5 lots per entry?
  • #183
  • Apr 14, 2011 8:50am Apr 14, 2011 8:50am
Yes Standard lots. I never risk more than 3% of my capital on a single trade (3% when perfect setup). As I put my SL at 7 pips, you can just do the math...

For the entry, I always wait for the candle to close. Touch trade could be interesting but on short TF I prefer to wait for the close. On higher TF, yu can try to enter on touch trade.

I usually wait for the EMA12 or EMA15 on 1mn TF as it is usually good supports.

Quoting Bom-Bom
hmaoui, for the setup, does the price need to be between the tunnel of ST and LT MA, or sometimes just it bounce to ST MA then we can enter?

btw..did you trade this on standart lot? if I may know, how much your equity so you feel comfortable to trade this strategy on standart lot with 5 lots per entry?
  • #184
  • Apr 14, 2011 9:16am Apr 14, 2011 9:16am
Is someone has the skills to program an EA on MT4 as I have many private messages asking for it ?

I dont use MT4 but I think it could be something good for the thread to be alive. And I think about changing my broker for FxPro as it uses MT4...

Someone ?
  • #185
  • Apr 14, 2011 2:18pm Apr 14, 2011 2:18pm
Quoting hmaoui
Is someone has the skills to program an EA on MT4 as I have many private messages asking for it ?

I dont use MT4 but I think it could be something good for the thread to be alive. And I think about changing my broker for FxPro as it uses MT4...

Someone ?
Hello hmaoui

I could program an EA for this system on MT4. However I need some time to familiarise myself completely with the entry, trailing stop and exit rules. I have just started trading your system manually and I can see it has good potential. My immediate impression is the exit rules are not too well defined, apart from a set target profit of, say, 10 pips when quite often the market will offer a lot more. I think we need to define the exits better... perhaps trail at ema15 on M1 chart as an idea?

Anyway I wanted to thank you for showing your system here and I will help where I can.

Thanks.
fxj
  • #186
  • Apr 14, 2011 3:08pm Apr 14, 2011 3:08pm
Quoting hmaoui
Is someone has the skills to program an EA on MT4 as I have many private messages asking for it ?

I dont use MT4 but I think it could be something good for the thread to be alive. And I think about changing my broker for FxPro as it uses MT4...

Someone ?

Hi
I have programmed up the whole strategy in jforex using www.dukascopy.com. It is all in JAVA but should give you the same results. The problem is that I can not upload it as I have a very small limit for the filesize.

Rgds

Lawrence
  • #187
  • Apr 14, 2011 3:58pm Apr 14, 2011 3:58pm
Quoting hmaoui
Is someone has the skills to program an EA on MT4 as I have many private messages asking for it ?

I dont use MT4 but I think it could be something good for the thread to be alive. And I think about changing my broker for FxPro as it uses MT4...

Someone ?
If your BUY/SELL conditions are based on logic operators, than you can try firstly free Forex Strategy Builder software. You can google for it or just visit the page by url http://forexsb.com/wiki/start
  • #188
  • Apr 14, 2011 5:07pm Apr 14, 2011 5:07pm
Quoting hmaoui
Here again another perfect setup ! Entry at 1.4418 for me and S/L is now at 1.4425 to lock some profit.
Hi hmaoui thanks for sharing your system, this trade you took today at 12:45 gmt did great but you said you only take the perfect entries and in chart confirmation (5m) the price only become above the ST and LT emas and gave a signal sloping up on 5m at 03:45 pm GMT am i right why this trade is safe on 1m chart?

Thanks in advance.
  • #189
  • Apr 14, 2011 7:09pm Apr 14, 2011 7:09pm
Quoting hmaoui
As I put my SL at 7 pips, you can just do the math...
hmaoui does this sl of 7 pips include spread?
  • #190
  • Apr 14, 2011 11:19pm Apr 14, 2011 11:19pm
Quoting fugly
hmaoui does this sl of 7 pips include spread?
I believe in some few pages before, he did mention that he included the spread on this 7 pips.
  • #191
  • Apr 19, 2011 3:05am Apr 19, 2011 3:05am
Thank you for your help. Of course I think it can be improved, especially on exits as I told it in the first posts. I think EMA could be a solution but we need to take partial profit as soon as 10 or 12 pips reached. And then we could trail the stop thanks to the EMA. Another solution can be the LT tunnel as we want to ride the trend if it is developped. All suggestions are welcome.

Quoting fxjourney
Hello hmaoui

I could program an EA for this system on MT4....
  • #192
  • Apr 19, 2011 3:08am Apr 19, 2011 3:08am
Maybe you can send it by PM

Quoting tgdrela1
Hi
I have programmed up the whole strategy in jforex using www.dukascopy.com. It is all in JAVA but should give you the same results. The problem is that I can not upload it as I have a very small limit for the filesize.

Rgds

Lawrence
  • #193
  • Apr 19, 2011 3:12am Apr 19, 2011 3:12am
YES SPREAD INCLUDED

Quoting fugly
hmaoui does this sl of 7 pips include spread?
  • #194
  • Apr 19, 2011 4:04am Apr 19, 2011 4:04am
Here is a chart to best understand.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart20j.jpg Size: 554 KB
  • #195
  • Apr 19, 2011 8:52am Apr 19, 2011 8:52am
Now we are in a choppy market : do not trade with this system !
  • #196
  • Apr 19, 2011 9:07am Apr 19, 2011 9:07am
you can see that Stochastics are in overbought territory, price is near a recent high at 1.4315, EMA60 is at 1.4318, and 50% Fibo level of the last movement is about 1.4327. If you add the fact that 1.4300 is a round number (Resistance), I think you have a good opportunity to short at these levels if you trade on higher TF (4h chart for example - rules are met). Just an idea for those who trade on higher TF....
  • #197
  • Apr 19, 2011 10:22pm Apr 19, 2011 10:22pm
It's very quiet here...I'll try to post the live trade which is still running now. SL will be previous Swing low, 5 pips below 1.4381. TP...I would be conservative, 10 pips for this M15 (I believe should be more, but as I bought near the highest price for today, hope the TP fullfilled)
Attached Image (click to enlarge)
Click to Enlarge Name: entry 20 april jam 10.16.gif Size: 47 KB
  • #198
  • Apr 20, 2011 2:03am Apr 20, 2011 2:03am
Another entry on M15 (not to mention previous entry on previous post, which is, almost hit its SL ), by the time I wrote this, EUR already break high to 1.4427, and current price is 1.4420.

Not bad before UK Open

I'll find another opportunity -- minutes before and after US Open -- waiting for the big money come-in on every opening market
Attached Image (click to enlarge)
Click to Enlarge Name: entry 20 april jam 14.gif Size: 44 KB
  • #199
  • Apr 20, 2011 3:13am Apr 20, 2011 3:13am
As every system, there will be losses ! It was one yesterday for those who trade on longer TF ! But no problem, there will be more winners than losers on the long term...


Quoting hmaoui
you can see that Stochastics are in overbought territory, price is near a recent high at 1.4315, EMA60 is at 1.4318, and 50% Fibo level of the last movement is about 1.4327. If you add the fact that 1.4300 is a round number (Resistance), I think you have a good opportunity to short at these levels if you trade on higher TF (4h chart for example - rules are met). Just an idea for those who trade on higher TF....
  • #200
  • Apr 20, 2011 3:15am Apr 20, 2011 3:15am
Good reflex ! When the big money comes in, you can profit from a good move...

Quoting Bom-Bom
Another entry on M15 (not to mention previous entry on previous post, which is, almost hit its SL ), by the time I wrote this, EUR already break high to 1.4427, and current price is 1.4420.

Not bad before UK Open

I'll find another opportunity -- minutes before and after US Open -- waiting for the big money come-in on every opening market
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