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End of Day Moving Average Cross

  • #21
  • Sep 19, 2011 3:05am Sep 19, 2011 3:05am
this becoming a comedy of errors.
Opened on the wrong pair, Gu, which had already closed hours ago.
Oh well will leave it.
Went ahead and opened on EU the one that closed in error.
Sheesh.
No data today. No nothing today No meetings. Only Obama blabbing later in US market. That's sure to tank the DOW and bring all kinds of risk averse trading.

So back where we were several hours ago. 3 trades...
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  • #22
  • Sep 19, 2011 3:40am Sep 19, 2011 3:40am
Damn. I'm getting killed.
Eu closed all by itself. Something's really wrong technically.
As if it isn't difficult enough to get a strategy up and running, then the technical stuff starts acting up.

So have the 2 trades going... am running virus scan...
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  • #23
  • Sep 19, 2011 7:49am Sep 19, 2011 7:49am
The three trades were good trades. But the problem with EU that happened 3 times, trade closing when it wasn't supposed to caused 3 losses.
I think it may have to do with changing between time frames with stealth set up. I don't see why it would change anything, if stop is set for 80 pips what is the difference if I view a 1 min or a 1 hour? But evidently it does. when I changed from 15 min to 1 min the trade closed.
So if I want to view how things are going in different time frames I either need to open a separate chart with no stealth set up or remember to shut down the expert while I move between time frames.
Probably a separate chart would be best. Leave stealth alone once it's set up....

Tomorrow's another day...
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  • #24
  • Sep 19, 2011 8:58am Sep 19, 2011 8:58am
These things are just part of why I detest mt4 and auto trading.... this system is a simple mechanical method and really does not require automation and the added headaches associated with it.
the post of trade stats I made earlier are all manual, no automation........
Just trying to help.

Regarding your "stealth" it makes absolutely no difference weather the broker can see your stops or not if they are set in an area that is likely to get swept....... So set your stops outside that area and adjust your position size accordingly. just an idea...
  • #25
  • Sep 19, 2011 9:13am Sep 19, 2011 9:13am
Here is a very good article regarding stop losses ,,, http://www.myforexdot.org.uk/stop-losses.html
  • #26
  • Sep 19, 2011 10:29am Sep 19, 2011 10:29am
Quoting tradestar1
Here is a very good article regarding stop losses ,,, http://www.myforexdot.org.uk/stop-losses.html
Appreciate the input.
Will be experimenting how to balance this properly.
I agree that stops set by many traders will tend to be found in certain areas, like just above swing highs or below swing lows...
So using stealth for this is a bit silly. Since no need to hide the stop if it is sitting with 100 other stops that are entirely visible.
Yes the article you've posted the link to is very sensible.
Thanks again.
  • #27
  • Sep 19, 2011 4:04pm Sep 19, 2011 4:04pm
Of the 24 pairs monitored no signals for Tuesday...
  • #28
  • Sep 19, 2011 5:53pm Sep 19, 2011 5:53pm
Here are my current open positions.... GBP/USD has been open nearly 3 weeks and has had additional positions added as it continued down.....
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  • #29
  • Edited 6:08pm Sep 19, 2011 5:57pm | Edited 6:08pm
This is not to show off because I don't have the ego to feed, nor do I give a tinkers damn what others think.... this is to show you the power of trading the MAs and letting them run with the trend.
  • #30
  • Sep 19, 2011 6:10pm Sep 19, 2011 6:10pm
Quoting tradestar1
This is not to show off.... this is to show you the power of trading the MAs and letting them run with the trend.

hey tradestar how is it going ? long time no hear. you should email me sometimes, you have my email address.

good to hear from you again.

it appears you have been trading this long before jiva bought it up. are you still using daily timeframe ?


  • #31
  • Edited 8:16pm Sep 19, 2011 6:18pm | Edited 8:16pm
The daily is the only way to go if you want to have a life.
I have been looking at the 8 hour though, it looks like it has some potential...... couple little things ya gotta do with your account to trade it in the USA though... like have a sub account, there are times when the 8 will be going opposite the daily and since we can't "hedge" wrong word for it but the only one that fits at the moment .......you have to have 2 accounts setup.... 1 for long positions and 1 for the short positions.

Keep in touch. even better call me on skype.
  • #32
  • Sep 19, 2011 6:26pm Sep 19, 2011 6:26pm
Quoting jiva34
Once a day trade using the day chart.
Look for a confirmed cross of 5 sma and 13 smma.
Stop 50
Tp 50
BE plus spread
Ts 25

I monitor all pairs. Generally there are at least two or three set ups per day.

This is generally a slow time around Sydney open and spreads tend to be a little higher with a variable spread broker. But the success rate is fairly high.

Might be due to stop hunting that takes place around market openings so that even if the cross is not a good signal the prices will move a bit in the direction of the cross anyway. If it...


hi jiva


not too sure what you mean by 13 'smma' ?

is it the same thing as 13 sma ?

what are your settings on both the sma's, i.e. close, open etc...?


ta
  • #33
  • Sep 19, 2011 6:42pm Sep 19, 2011 6:42pm
Quoting tradestar1
Oh yeah.... the daily is the only way to go if you want to have a life.
I have been looking at the 8 hour though, it looks like it has some potential...... couple little things ya gotta do with your account to trade it in the USA though... like have a sub account, there are times when the 8 will be going opposite the daily and since we can't "hedge" wrong word for it but the only one that fits at the moment .......you have to have 2 accounts setup.... 1 for long positions and 1 for the short positions.

Keep in touch. even better call...

hi tradestar

i dont have skype. but i will email you.

i dont know how you traded the gu using this system. the daily has been pretty choppy up and down. you would have got stopped out continously, until about beginning of this month when a precise direction took over.

the two notable losses would have been 27 may around 170 pips, and 12 august around 320 pips.


  • #34
  • Sep 19, 2011 6:47pm Sep 19, 2011 6:47pm
There are choppy times but that is what risk management is for..... like any trend trading system there will be periods of numerous small losses... then when the trend kicks in and you start building your position size you start really skinning the dog......

Skype is easy and it's free.... check it out.
  • #35
  • Sep 19, 2011 6:51pm Sep 19, 2011 6:51pm
Quoting whatfx
hi tradestar

i dont have skype. but i will email you.

i dont know how you traded the gu using this system. the daily has been pretty choppy up and down. you would have got stopped out continously, until about beginning of this month when a precise direction took over.

the two notable losses would have been 27 may around 170 pips, and 12 august around 320 pips.


Regarding your question.... my settings and MAs are a little different than Jiva's...
  • #36
  • Sep 19, 2011 6:51pm Sep 19, 2011 6:51pm
Quoting tradestar1
There are choppy times but that is what risk management is for..... like any trend trading system there will be periods of numerous small losses... then when the trend kicks in and you start building your position size you start really skinning the dog......

Skype is easy and it's free.... check it out.

i see. ''skinning the dog'' -

how have you been doing anyway. are you making profits continously every month ?

hope all is well.

i will try and get hold of a skype account.

  • #37
  • Sep 19, 2011 7:03pm Sep 19, 2011 7:03pm
Quoting whatfx
i see. ''skinning the dog'' -

how have you been doing anyway. are you making profits continously every month ?

hope all is well.

i will try and get hold of a skype account.

I am definitely doing better.....
  • #38
  • Sep 19, 2011 8:35pm Sep 19, 2011 8:35pm
Quoting tradestar1
Regarding your question.... my settings and MAs are a little different than Jiva's...
Hello tradestar - congratulations on your success with your method. Just wondered if you would be so good as to share what MAs you use. Also, it looks to me as if you must have to have some very large stops. Is that correct?

Sorry jiva to intrude on your thread. Your method looks like it has good potential.
  • #39
  • Sep 19, 2011 9:32pm Sep 19, 2011 9:32pm
Quoting Banksia
Hello tradestar - congratulations on your success with your method. Just wondered if you would be so good as to share what MAs you use. Also, it looks to me as if you must have to have some very large stops. Is that correct?

Sorry jiva to intrude on your thread. Your method looks like it has good potential.
Please read this post #18.

you may also read this link You will find some outstanding info there.

Like I said in post 18 I have pretty well had it with just giving stuff away. So Do some home work, then ask me some reasonable questions..... you have to put in some effort.

I have been trading for over 12 years..... Nothing was ever just given to me, If I showed effort and initiative there were those that helped me then..... so I have adopted pretty much the same philosophy.

This is not to be rude, this is to get you and any others to show some incentive. Now I have already given you an excellent place to start.
  • #40
  • Sep 19, 2011 10:02pm Sep 19, 2011 10:02pm
Quoting tradestar1
Please read this post #18.

you may also read this link You will find some outstanding info there.

Like I said in post 18 I have pretty well had it with just giving stuff away. So Do some home work, then ask me some reasonable questions..... you have to put in some effort.

I have been trading for over 12 years..... Nothing was ever just given to me, If I showed effort and initiative there were...
Hi tradestar,

I have been trading for about 8 years and understand totally what you are saying. Thanks for the link ...looks very interesting and appreciate that info.
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