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Yet another moving average crossover system

  • #101
  • Oct 17, 2011 9:46am Oct 17, 2011 9:46am
Quoting lawgirl21
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..
thanks - i am slowly learning to read PA and have the confidence to trade - currently using 2 mini lots per trade without being nervous - allowing trade time to breathe a little, setting SL, etc etc
  • #102
  • Oct 17, 2011 10:10am Oct 17, 2011 10:10am
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.
They are rules I was following too.
Looks like eveyone else has been doing well by just following the EMA crosses.

Aj1
  • #103
  • Oct 17, 2011 10:26am Oct 17, 2011 10:26am
Lehman, test the 5 and 20 emas,please, and you will be surprised with very high results. The rules are the same as per Lawgirls rules for 3 and 8 emas. Please, report results afterwards,
  • #104
  • Oct 17, 2011 10:30am Oct 17, 2011 10:30am
Quoting Merlyn
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.
That could get pretty annoying with the fast EMA's that this system is using. I've been talking with another member of the forum on another style of displaying the information.

Also, I'd like to write an EA for this system to be backtested, but the rules for whether to go long or short seem to be kind of subjective so far.

Another issue I have is when to enter a position: should I wait for the smaller timeframe candle to close? If I don't, what should I do if it turns out to be a false cross? etc.
  • #105
  • Oct 17, 2011 11:46am Oct 17, 2011 11:46am
would this EUR be a long

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  • #106
  • Oct 17, 2011 12:10pm Oct 17, 2011 12:10pm
Quoting Aj1
would this EUR be a long

Attachment
be careful - euro taking a breather, its true, but keep an eye on the bigger picture
  • #107
  • Oct 17, 2011 12:27pm Oct 17, 2011 12:27pm
Quoting dimlat
be careful - euro taking a breather, its true, but keep an eye on the bigger picture
looks that way.
The price is above the 200 ema on the 1hr.


Aj1
  • #108
  • Edited 4:13pm Oct 17, 2011 12:40pm | Edited 4:13pm
I cannot call it Gus anymore, really...

Changed to indicator, instead of expert. The reason the numbers are on the left is because of the difficulty of formatting the string properly given the various lengths that the number of pips could be.

Well, that's it I guess.

Good luck.

EDIT:
Modified it already. It's now optional to show only the pairs who need your attention. Also, cleaner formatting and I set the default colors to match the charts I've seen here.
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File Type: mq4 Gus_LabelMod.mq4   4 KB | 723 downloads
  • #109
  • Oct 17, 2011 12:40pm Oct 17, 2011 12:40pm
now it looks like it is going south.

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  • #110
  • Oct 17, 2011 12:46pm Oct 17, 2011 12:46pm
trying a longer-term view - just took 2 trades - long USDCHF on 4H EMA crossover and short AUDUSD same timeframe - lets see !
  • #111
  • Oct 17, 2011 12:49pm Oct 17, 2011 12:49pm
Quoting Aj1
now it looks like it is going south.

Attachment
I would wait for either a break below the congestion/support line or a break above the 8 EMA before an entry.
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  • #112
  • Oct 17, 2011 12:54pm Oct 17, 2011 12:54pm
Quoting lawgirl21
I would wait for either a break below the congestion/support line or a break above the 8 EMA before an entry.
Hi Lg

Thanks for that, strange how the charts I posted showed a clear cross of the 3/8 ema's, one long and the other a short and how the chart you have got up, there is no cross.

Aj1
  • #113
  • Oct 17, 2011 1:08pm Oct 17, 2011 1:08pm
3 ema close
8 ema open
maybe?
  • #114
  • Oct 17, 2011 1:15pm Oct 17, 2011 1:15pm
Quoting tenthman
3 ema close
8 ema open
maybe?

Rules are there on page 1 of the thread 3/8 ema, and throw on the 200 ema.

Aj1
  • #115
  • Oct 17, 2011 5:27pm Oct 17, 2011 5:27pm
update:

approx 330 pips using this system today in 5 different trades, less some 50 pips for trades where my entries were too aggressive, cut my losses and ran - eurusd still open

happy pips everyone
  • #116
  • Oct 17, 2011 6:11pm Oct 17, 2011 6:11pm
Quoting dimlat
update:

approx 330 pips using this system today in 5 different trades, less some 50 pips for trades where my entries were too aggressive, cut my losses and ran - eurusd still open

happy pips everyone
WOW! I have had success with this system, but even I am surprised with these results....very pleasantly surprised. What TFs and pairs did you use? The H4 charts you mentioned above?
  • #117
  • Oct 17, 2011 6:20pm Oct 17, 2011 6:20pm
Quoting lawgirl21
WOW! I have had success with this system, but even I am surprised with these results....very pleasantly surprised. What TFs and pairs did you use? The H4 charts you mentioned above?
sold Eurusd @ 3845, EJ @ 107.25, AUDUSD @ 1.0230, GU @ 1.5765, bought USDCHF @ 8973 - mainly 15 min TF, set trailing SL for some - off to bed now (am in London) - tx again LG
  • #118
  • Oct 17, 2011 6:21pm Oct 17, 2011 6:21pm
Quoting dimlat
sold Eurusd @ 3845, EJ @ 107.25, AUDUSD @ 1.0230, GU @ 1.5765, bought USDCHF @ 8973 - mainly 15 min TF, set trailing SL for some - off to bed now (am in London) - tx again LG
tired now - yes, used 4H for the AUDUSD and USDCHF
  • #119
  • Oct 17, 2011 10:05pm Oct 17, 2011 10:05pm
I went short NZDUSD nice cross down.
let's skype: @elchinoazul
  • #120
  • Oct 17, 2011 11:31pm Oct 17, 2011 11:31pm
My first trade with this method -EU +20 in Asian session.
Trend trading pays off...
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