To improve is to change. To perfect, is to change often.
- | Membership Revoked | Joined May 2011 | 2,976 Posts
Gentlemen always play by the rules. If they can't, they change the rules.
Simple Moving Average Vs. Moving Average? 8 replies
Setting Up Moving Average Crossover Alert? 60 replies
Simple 5 / 8 moving average crossover 1,168 replies
Yet Another Moving Average Crossover System - The EA 158 replies
Moving average crossover alert!! 3 replies
DislikedBy strong cross, I am looking for 12:00 - 2:00 o'clock for a long trade and 4:00 - 6:00 o' clock for a short trade.Ignored
DislikedThank you for your results. I have questions:
Did you wait for the crosses in the 3&8 EMA in H1 too?
Did you wait for candle close in H1 and m15 before entering the trade?
excuse for my english.Ignored
Dislikedhi, i think that this is a very bad system for beginners and it can kill those micro & mini accounts because what most of the newbies will do (what i did 1 year ago), is that they will enter the market too early or at false breakouts very often. I recommend you to close this thread or to add some more rules to the system. No Offense..!Ignored
Dislikedhi, i think that this is a very bad system for beginners and it can kill those micro & mini accounts because what most of the newbies will do (what i did 1 year ago), is that they will enter the market too early or at false breakouts very often. I recommend you to close this thread or to add some more rules to the system. No Offense..!Ignored
DislikedHi lawgirl
few questions :
1. how long have u been trading this system on live account and what results did you have? maybe i got it wrong, but its not enough to say - last week it would produce 300 pips, its very easy but if u were not taking decisions entering trades, closing them etc it is not reliable.
2. you said there is no need for candles, so how do you enter your trades? 3 and 8 moving average (esp EMA's) are very short-term and lagging indicators so it's not so easy to backtest sth like that - it could be crossed much more times...Ignored
DislikedHey Mike, if u wanna backtest this, then its obvious closed bars that are referring to and thats pretty easy and straightforward. Otherwise it couldnt be done.
But every trader is not the same, some will close before others and some will let it ride. If u invented a bulletproof system with rules, i would bet u that introduced to 2 different kind of persons, they will give u 2 VERY different results.Ignored
Dislikedhi, i think that this is a very bad system for beginners and it can kill those micro & mini accounts because what most of the newbies will do (what i did 1 year ago), is that they will enter the market too early or at false breakouts very often. I recommend you to close this thread or to add some more rules to the system. No Offense..!Ignored
DislikedHey Mike, if u wanna backtest this, then its obvious closed bars that are referring to and thats pretty easy and straightforward. Otherwise it couldnt be done.
But every trader is not the same, some will close before others and some will let it ride. If u invented a bulletproof system with rules, i would bet u that introduced to 2 different kind of persons, they will give u 2 VERY different results.Ignored
Dislikedhi lehman,
yes u re right about this about bulletproof system with rules that there will be different results for different persons, and about candles - now i understand what u mean, but i was asking lawgirl because she mentioned in the first post that u dont need candles or chart at all and MA's are enough - but this would cause the method to be lil bit untradeable i think - because of lagging indicators.
mike.Ignored
DislikedFantastic job on your new system LAWGIRL. I also use your other sytem too.
I have added the round number indie to this. Take a look and see how price reacts to these.
I will only post this indie with your permission. Goldflight.....Ignored
DislikedYes, please post this indie. I have never seen this one. Price does react to those numbers. Thanks, Goldflight.Ignored
DislikedYes, please post this indie. I have never seen this one. Price does react to those numbers. Thanks, Goldflight.
P.S. Is there a way to only have the green lines, the big round numbers show? Probably...huh...Ignored