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Yet another moving average crossover system

  • #81
  • Oct 17, 2011 5:52am Oct 17, 2011 5:52am
EUUD.. 5 min..Just got this for 36..3 wins and 2 losses on this one ..last 3 hrs
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  • #82
  • Oct 17, 2011 6:07am Oct 17, 2011 6:07am
Quoting lawgirl21
Oh, but this one is so much fun!

What is it?

This is a trend trading system using very clean charts.

Which time frame (TF)?

Any two TFs with a ratio of 1:4 - 1:6, for example: I use the H1 and the M15 TFs with a ratio of 1:4. But you could use the H4 and H1 charts (ratio 1:4) or the daily and the H4 charts (ratio 1:6)....you get the picture.

Which pairs?

Any, but I will only use GBPUSD, EURUSD or AUDUSD for illustrative purposes.

[u]How do we determine the direction of the trend for...

hi lawgirl,

you say wait for the 3/8 ema cross on the highger tf, then look at the lower tf for a cross.

but if the cross has already occured on the higher tf, then the lower tf would have already crossed ...? so there is no need to look for a cross on the lower tf is there ?

what happens in a ranging market when there are up and down crosses all the time......
  • #83
  • Oct 17, 2011 6:12am Oct 17, 2011 6:12am
Quoting lawgirl21
Oh, but this one is so much fun!

What is it?

This is a trend trading system using very clean charts.

Which time frame (TF)?

Any two TFs with a ratio of 1:4 - 1:6, for example: I use the H1 and the M15 TFs with a ratio of 1:4. But you could use the H4 and H1 charts (ratio 1:4) or the daily and the H4 charts (ratio 1:6)....you get the picture.

Which pairs?

Any, but I will only use GBPUSD, EURUSD or AUDUSD for illustrative purposes.

[u]How do we determine the direction of the trend for...

also, forgot to ask.

when you talk about the trend on the 200 ema, how many candles do you look back at to determine the trend, or indeed how many days / hours must the trend be in existence for it to be a valid trend ?
  • #84
  • Oct 17, 2011 6:14am Oct 17, 2011 6:14am
Is there a way of not having candles other than making them the same colour as the background?
Thanks
  • #85
  • Oct 17, 2011 6:33am Oct 17, 2011 6:33am
If i may.

Looking on lower TF is subjective and can be used to time the entry better or even use it as an exit. Or one could look at the angle of the cross to determine the strength.

In a ranging market there will off course be many more trades, and considering the spread then it would be a no go in many pairs.

Quoting whatfx
hi lawgirl,

you say wait for the 3/8 ema cross on the highger tf, then look at the lower tf for a cross.

but if the cross has already occured on the higher tf, then the lower tf would have already crossed ...? so there is no need to look for a cross on the lower tf is there ?

what happens in a ranging market when there are up and down crosses all the time......
  • #86
  • Oct 17, 2011 6:35am Oct 17, 2011 6:35am
Quoting digf
Is there a way of not having candles other than making them the same colour as the background?
Thanks
Set the color to "None"
  • #87
  • Oct 17, 2011 6:53am Oct 17, 2011 6:53am
Thanks Bobcat2
  • #88
  • Oct 17, 2011 6:55am Oct 17, 2011 6:55am
Quoting tener
I made this indicator a while ago for a system idea I had not unlike LawGirl's.

He's an expert named Gus, after Hera's Argus, a watchdog with as many as a thousand eyes. He sits perched on EUR/USD because it is the most liquid pair, and the more ticks, the more Gus watches for price crosses, moving average crosses, and Ichimoku crosses.

He watches 32 pairs across all (selectable) time frames. When a signal is given for any strategy, he Print()'s it to the "Experts" tab in MT4.

I'll post the code when I get back to my computer in the hope...
Hi Gus,

Your FIRST post on FF is great and may you develope into a great EA-writer but may I suggest that you not mess with this thread and let it carry on the excellent work LG is doing.

Suggest start a New Thread. RGDS.
  • #89
  • Oct 17, 2011 7:19am Oct 17, 2011 7:19am
I let this trade run through the night. Up around 50 pips. Almost at the 382 fib line.
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  • #90
  • Oct 17, 2011 8:01am Oct 17, 2011 8:01am
IMO the shorter TF would show a trend redirection before the longer one. Carried to the extreme then the 1M is the most telling as to what is happening NOW but of course the whipsaws on the 1 & 5M TFs are killers.
Quoting whatfx
hi lawgirl,

you say wait for the 3/8 ema cross on the highger tf, then look at the lower tf for a cross.

but if the cross has already occured on the higher tf, then the lower tf would have already crossed ...? so there is no need to look for a cross on the lower tf is there ?

what happens in a ranging market when there are up and down crosses all the time......
  • #91
  • Oct 17, 2011 8:10am Oct 17, 2011 8:10am
Quoting piprac
IMO the shorter TF would show a trend redirection before the longer one. Carried to the extreme then the 1M is the most telling as to what is happening NOW but of course the whipsaws on the 1 & 5M TFs are killers.
That is very true, if you have a tolerance for the M1 chart. I don't. I will glance at it, then move back to an M15 or H1 chart.
  • #92
  • Oct 17, 2011 8:12am Oct 17, 2011 8:12am
Is up today....look for EURUSD and other $ pairs, but especially EU, to be down.
  • #93
  • Oct 17, 2011 8:42am Oct 17, 2011 8:42am
Hello LG,

Good luck with the new thread
TTFN Merlyn
  • #94
  • Oct 17, 2011 9:15am Oct 17, 2011 9:15am
Quoting tener
I made this indicator a while ago for a system idea I had not unlike LawGirl's. ..........................................

He watches 32 pairs across all (selectable) time frames. When a signal is given for any strategy, he Print()'s it to the "Experts" tab in MT4.

Hello tener,

Thanks for the MA cross alert EA, looks to be ideally suited to LG's MA cross system. Any chance an audible alert could be built in as I find keeping an eye on the Expert's log tab means that I miss quite a few signals? Thanks.
TTFN Merlyn
  • #95
  • Oct 17, 2011 9:19am Oct 17, 2011 9:19am
LG - just wanted to say thanks a million - i have long been a lurker on your other thread - this is simple, and des what it says on the tin - currently i am up 165 pips on EURJPY and 75 pips on EURUSD (though i really ought to say a little thank you to Merkel as well!)

you are the best
  • #96
  • Oct 17, 2011 9:28am Oct 17, 2011 9:28am
Quoting dimlat
LG - just wanted to say thanks a million - i have long been a lurker on your other thread - this is simple, and des what it says on the tin - currently i am up 165 pips on EURJPY and 75 pips on EURUSD (though i really ought to say a little thank you to Merkel as well!)

you are the best
Great job, dimlat. You are up using the 3,8 EMAs? Notice how well this works with the H1 4C BO too.. I just banked another 40 pips on the BO.

Thanks for the kind words. Yes, Merkel helped us today...for sure.
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  • #97
  • Oct 17, 2011 9:35am Oct 17, 2011 9:35am
yes, using the EMA crossover - though, i actually violated one of your rules i think - i went short on the EURJPY although we were clearly above the 200 EMA on most TF - in fact it only just pushed though the 200 EMA just now on the 4H TF - naughty? lucky? would appreciate your thoughts.
  • #98
  • Oct 17, 2011 9:36am Oct 17, 2011 9:36am
Quoting lawgirl21
Is up today....look for EURUSD and other $ pairs, but especially EU, to be down.
More or less on the dot ! A little patience and 50 pips in pocket !
Good System. I use indie based system -You give me confidence !

Thanks.
  • #99
  • Oct 17, 2011 9:43am Oct 17, 2011 9:43am
Quoting dimlat
yes, using the EMA crossover - though, i actually violated one of your rules i think - i went short on the EURJPY although we were clearly above the 200 EMA on most TF - in fact it only just pushed though the 200 EMA just now on the 4H TF - naughty? lucky? would appreciate your thoughts.
No hard and fast rules, just use your good traders' judgment. I have banked about 100 pips since open on Sunday countertrading too. Keep doing what you are doing..
  • #100
  • Oct 17, 2011 9:45am Oct 17, 2011 9:45am
Quoting vilas
More or less on the dot ! A little patience and 50 pips in pocket !
Good System. I use indie based system -You give me confidence !

Thanks.
Terrific vilas! Confidence is what trading is all about..glad I can help.
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