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End of Day Moving Average Cross

  • #41
  • Sep 19, 2011 10:46pm Sep 19, 2011 10:46pm
Quoting tradestar1
Here are my current open positions.... GBP/USD has been open nearly 3 weeks and has had additional positions added as it continued down.....
Nice. That's where I want to go.
  • #42
  • Sep 19, 2011 10:48pm Sep 19, 2011 10:48pm
Quoting tradestar1
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....
Re hedging: FXDD US has come up with a way to allow hedging. I have no problem hedging with them, they do something in the "backoffice" to adjust...
  • #43
  • Sep 19, 2011 10:50pm Sep 19, 2011 10:50pm
Quoting whatfx
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
The 13 smma that I use is roughly the same as 21 ema.
5 ma close, 13 smma (21 ema) close.
  • #44
  • Sep 19, 2011 10:51pm Sep 19, 2011 10:51pm
What I do is not really a hedge ... It just allows me to get a jump on some positions..... I find using a sub account at Oanda is a very easy thing and makes the accounting very easy.
  • #45
  • Sep 19, 2011 10:52pm Sep 19, 2011 10:52pm
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.
No problem..
No intrusion.
  • #46
  • Sep 20, 2011 7:07am Sep 20, 2011 7:07am
Quoting jiva34
The 13 smma that I use is roughly the same as 21 ema.
5 ma close, 13 smma (21 ema) close.
hi jiva

what i wanted to know is what does 'smma' stand for ? you have two m's in there. is it the same as 'sma' ?

also i thought the other one was 5 sma and not 5 ma. ?

i have had a look at the eu using this system.

since june '11 every trade would have been stopped out. the market kept on bouncing up and down the smas. so no pips would have been made. the losses would have been big.

so my point is , is there a way of filtering out these up and down short movements ? otherwise it is a pretty dangerous system to use in a choppy market.

just being honest.
  • #47
  • Sep 20, 2011 7:32am Sep 20, 2011 7:32am
Quoting whatfx
hi jiva

what i wanted to know is what does 'smma' stand for ? you have two m's in there. is it the same as 'sma' ?

also i thought the other one was 5 sma and not 5 ma. ?

i have had a look at the eu using this system.

since june '11 every trade would have been stopped out. the market kept on bouncing up and down the smas. so no pips would have been made. the losses would have been big.

so my point is , is there a way of filtering out these up and down short movements ? otherwise it is a pretty dangerous system to use in a...
In mt4 smma is #2, (smoothed moving average)
sma is the same as ma and it is #0, (simple moving average)
ema is #1m, (exponential moving average)
and linear weighted is lwma is #3.

When the market opens with Sydney very often there is a move of at least 20 or 25 pips before the actual trend for the day is set. Brokers will look at where stops and limits are set and go shopping..
By entering right when the market opens it is possible to catch these moves.

I am not an expert, very far from it.
So we can progress together.
I am open to good ideas.
It has been pointed out to me the value of using ATR to set stops. so I will be looking at that over the next little while.
And also some variations of the kind of of moving averages to use. For now I will continue with the original strategy.
I like to keep things as simple as possible.
Support and resistance and common sense are very useful.
I am considering glancing at macd to see if the direction of macd agrees with the cross and also to look for a candle to close on the appropriate side of the cross before entering.
also to see how to refine the exits.

In looking back at the Eu I do not see so many lost trades.
As far as your question about filtering out the bad entries. that is the question of the ages. Money management and good stops and good exits are the best defense.
  • #48
  • Edited 4:58pm Sep 20, 2011 4:46pm | Edited 4:58pm
Only one signal USDHKG so we'll give a go.
Using 1.5 ATR 20 as a stop and a limit. Set with stealth.
Attached Image (click to enlarge)
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  • #49
  • Sep 20, 2011 10:26pm Sep 20, 2011 10:26pm
Quoting jiva34
Only one signal USDHKG so we'll give a go.
Using 1.5 ATR 20 as a stop and a limit. Set with stealth.

this one is very choppy. why on earth would you be trading this pair ?
  • #50
  • Sep 20, 2011 10:32pm Sep 20, 2011 10:32pm
Quoting whatfx
this one is very choppy. why on earth would you be trading this pair ?
Testing out the strategy. There was a signal.
I have a feeling that there will be days when there are no signals at all and then when the markets start to move, since they are all connected more or less to USD there will be a zillion signals. Feast or famine no doubt.
Sticking to the majors will no doubt will be the best course in the long run.
Margin for USDHKD is pretty high... But the pips are super cheap.
  • #51
  • Last Post: Sep 26, 2011 9:57am Sep 26, 2011 9:57am
Hi

I like this system because it is not fast and now I have more time for in depth studies.

I just changed one thing for myself and that is to make the 13 smoothed ma an ordinary simple ma, it angels the crossover better to my liking.

Trade well

John from Durban
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