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A "new" simple system based on MA

  • #641
  • Sep 26, 2011 3:01pm Sep 26, 2011 3:01pm
Hello

I enter to the market two times and both were looses. A little of bad luck I think because it market went down later.

Attached Image (click to enlarge)
Click to Enlarge Name: Sep 26 2011.JPG Size: 135 KB


Regards,
Dragon
  • #642
  • Sep 29, 2011 11:02am Sep 29, 2011 11:02am
Hello.

Today there was a flat market. Perfect example of when to stay out of the market.

Attached Image (click to enlarge)
Click to Enlarge Name: Sep 29 2011.JPG Size: 168 KB


Regards,
Dragon
  • #643
  • Oct 3, 2011 5:39am Oct 3, 2011 5:39am
today I see a setup and trade it at oanda, you can see my entrys.

I only go for 1% , but my first entry was after some pinbars ( yellow arrow ), but it don't work out so I entry again follow the rules from hmaoui.

at the red arrow you see the entry after the pull-back , the Williams indicator also show a hook, so I jump in and at the green arrow I out for an average of 8 pips, by two entrys so I receive 2% , that's enough and I out for the day.

have all a good trading time
Attached Image
  • #644
  • Oct 5, 2011 11:12am Oct 5, 2011 11:12am
Hello.

I made only one trade and$ it closed with 0 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Oct 5 2011.JPG Size: 151 KB


Regards,
Dragon
  • #645
  • Oct 6, 2011 8:43pm Oct 6, 2011 8:43pm
Hey Dragon,

Can you post the template you use? Thanks in advance!
  • #646
  • Oct 7, 2011 7:59am Oct 7, 2011 7:59am
That's ok Dragonspeak ! The message was about the member who told us he uses MA crossing. DMI Filter is ok because it is the heart of the system. We are agree.

Quoting dragonspeak
Hello

DMIFilter is not MA crossing. It is about pullback that wfh2006 made. It gives you a blue line if

1) 30 MA > 60 MA
2) Stoch is < 50
3) +DI is greater than -DI


It draws a red line for the opposite conditions.

Regrads,
Dragon
  • #647
  • Oct 7, 2011 8:02am Oct 7, 2011 8:02am
Perfect ! You follow the rules....and dont be scared to re-enter after a loss !

Quoting punisher
today I see a setup and trade it at oanda, you can see my entrys.

I only go for 1% , but my first entry was after some pinbars ( yellow arrow ), but it don't work out so I entry again follow the rules from hmaoui.

at the red arrow you see the entry after the pull-back , the Williams indicator also show a hook, so I jump in and at the green arrow I out for an average of 8 pips, by two entrys so I receive 2% , that's enough and I out for the day.

have all a good trading time
  • #648
  • Oct 7, 2011 8:50am Oct 7, 2011 8:50am
Thanks hmaoui, for you and all here have a great Weekend.

see you all again next week



Quoting hmaoui
Perfect ! You follow the rules....and dont be scared to re-enter after a loss !
  • #649
  • Oct 10, 2011 7:38pm Oct 10, 2011 7:38pm
Hello ourboss.

Here is my template.

Attached File(s)
File Type: rar Template.rar   42 KB | 548 downloads


Regards,
Dragon
  • #650
  • Oct 11, 2011 11:51am Oct 11, 2011 11:51am
Hello

Today trade gaves me -10 pips. I knew it was risky because there was the pivot line but I took it anyway. Later there was a good move but I already had closed so I didn't take it.

Attached Image (click to enlarge)
Click to Enlarge Name: Oct 11 2011.JPG Size: 182 KB


See you tomorrow,
Dragon
  • #651
  • Oct 13, 2011 9:51am Oct 13, 2011 9:51am
Hello guys!

Many thanks to hmaoui for sharing his strategy and all the other guys on this thread! Thanks for sharing your thoughts and posting your charts! Now I’ve read this thread and I really love this system! It’s simple and it seems to be a nice money machine! By now I’ve made 3 trades on my demo account, all 3 were winners..

I was not in front of my laptop but there was a nice setup yesterday! (a perfect one, what do you think?)

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_long_12_10.gif Size: 39 KB


According to the MACD-exit (thanks to dragonspeak, I like your idea – I’ll test it in the next weeks..) there were more than 80 pips possible.. RR > 10. Wow, I’m speechless!

I’ll not be at home for the next 3 weeks but then I’ll post my charts and I hope that you guys will continue posting charts in the future! Thanks for the system, thanks for your posts!!

@dragonspeak – also thanks for your template! I really like your background-colour ;-)
  • #652
  • Oct 13, 2011 11:51am Oct 13, 2011 11:51am
Hello

Today's trade gaves me +16 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: Oct 13 2011.JPG Size: 142 KB


For this trade I had to wait for 2 hours before the set up showed. Patience is key for this job.

@Cyrus7 - welcome to the thread. As you said, this is a great system. Practice a lot and you'll see the pips in your account.

Best regards,
Dragon
  • #653
  • Oct 17, 2011 4:31am Oct 17, 2011 4:31am
Hi Cyrus,

Yes you are right : it was a perfect setup which could have givenn you about 100 pips if you let it run until a cross of the DMI !!! Really interesting for a 7 pips SL !!!!

Quoting Cyrus7
Hello guys!

Many thanks to hmaoui for sharing his strategy and all the other guys on this thread! Thanks for sharing your thoughts and posting your charts! Now I’ve read this thread and I really love this system! It’s simple and it seems to be a nice money machine! By now I’ve made 3 trades on my demo account, all 3 were winners..

I was not in front of my laptop but there was a nice setup yesterday! (a perfect one, what do you think?)

Attachment

According to the MACD-exit (thanks to dragonspeak, I like your idea – I’ll test it...
  • #654
  • Oct 17, 2011 11:25am Oct 17, 2011 11:25am
Hello

Today's trade gaves me -10 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: Oct 17 2011.JPG Size: 149 KB


Regards,
Dragon
  • #655
  • Oct 18, 2011 1:13pm Oct 18, 2011 1:13pm
Hello.

There was not a good trend to catch. I tried to enter but had to exit in break even.

Attached Image (click to enlarge)
Click to Enlarge Name: Oct 18 2011.JPG Size: 139 KB


Regards,
Dragon
  • #656
  • Edited 7:21pm Oct 18, 2011 4:52pm | Edited 7:21pm
Hi, thank you for sharing this trading system!

I was watching this thread for a few days and decided to try the system. I started testing it yesterday on my demo account but it was really hard to make an entry because there was either no trend or no good signal during some short-term trends.

Today I logged in my real account and caught this wonderful setup being unfolding right as my MT loaded. Please note that I entered the trade some 7-10 pips later than it should be, but the setup was so attractive that I rushed in anyway (and that's why I had to set SL lower than 7 pips)

So I ended up with +65pips on my real acc in just a few minutes, thanks to hmaoui!

Attached Image (click to enlarge)
Click to Enlarge Name: Entry.gif Size: 15 KB
  • #657
  • Oct 19, 2011 12:14am Oct 19, 2011 12:14am
Hello FXvenom

I'm glad you catch a very nice move. I just want to tell you that ADX is not the same as DMI.

The DMI is in the files of the thread.

Regards,
Dragon
  • #658
  • Oct 19, 2011 4:58am Oct 19, 2011 4:58am
Hellow dragonspeak,

I agree that ADX and DMI are not exactly the same, and probably that's why they have different names (it could also be because they belong to different trading platforms).
However I think they are the same in the essence as both reflect current strength of bulls over bears (and vise-versa) by using the +DI and -DI lines.

In the ADX these lines are more sensitive to price action and produce more crossovers, whereas the DMI "prefers" to keep them stable (producing less crossovers) until a stronger price action takes place. But who knows what's better - sensitivity/noise or stability/inflexibility; I think its just up to a traders ability to read the indicators and the chart overall.

What I like in ADX is that it has an average direction line (yellow in my chart), which is less sensitive to price action but produces more accurate buy signals when the +DI crosses it upwards, and sell signals when the -DI crosses it also upwards. (see attachment in my previous post). I just think that ADX is more informative, thats all there is to it. However, I think that this crossover requires that the SL should be set 1 pip below the lows of the previous candle (as opposed to fixed 7 pips).

Both ADX and DMI are not reliable if used as the only indicator, but they seem to work fine in hmaoui's setup.
  • #659
  • Oct 19, 2011 6:32am Oct 19, 2011 6:32am
When you see a nice pullback on the 12EMA with a sto indicator in oversold territory, whereas the DMI lines confirm the trend, it is generally a very good setup for a nice move...
Attached Image (click to enlarge)
Click to Enlarge Name: CHART31.jpg Size: 372 KB
  • #660
  • Oct 19, 2011 8:32am Oct 19, 2011 8:32am
Quoting FXvenom
Hi, thank you for sharing this trading system!

I was watching this thread for a few days and decided to try the system. I started testing it yesterday on my demo account but it was really hard to make an entry because there was either no trend or no good signal during some short-term trends.

Today I logged in my real account and caught this wonderful setup being unfolding right as my MT loaded. Please note that I entered the trade some 7-10 pips later than it should be, but the setup was so attractive that I rushed in anyway (and that's why...
Hi FXvenom! You did a nice trade there. But your entry has nothing to do with hmaoui's method. First there has to be a trend on the 5m with spreading MA's, then a pullback, then we switch to the 1m chart and look for an entry on a pullback also + stoch below 50 + DMI up (for long, for short viceversa). But anyway, fine for you, especially as it was on a live account.
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