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Yet another moving average crossover system

  • #341
  • Oct 24, 2011 2:02am Oct 24, 2011 2:02am
Quoting lawgirl21
Both in pullbacks now...countertrend trades.
Lawgirl, you never cease to amaze me. This EMA system is a ripper.
Re counter-trends, pullbacks... I notice in post #228 that you have what appears to be a pink/purple/magenta vertical line on your charts indicating the commencement of a short trade.
Please, are they trend lines that you personally drew or are they an indicator that you have obtained??
Thanks.Cheers.
Attitude! Attitude! Attitude! There is nothing in Life but Attitude!
  • #342
  • Oct 24, 2011 3:24am Oct 24, 2011 3:24am
EUUD 5 min.. box formed from weekly fibo pivot resistance.. Ma cross enter and cross mmarks point..note at 2oo ema.. but have 3820 on my mind... which is fibo pivot centre point..note DXY currently charging hier..Note top line is fibo pivotweekly 50%.. enter line is fibo weekly 38% line
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 8 KB
  • #343
  • Oct 24, 2011 3:41am Oct 24, 2011 3:41am
Hi Lawgirl and guys
Firstly what a terrific inspiration to everyone you are Lawgirl, your completely non-selfish attitude and amazing strategies you come up with and share to everyone is a wonderful attribute, many thanks and total respect to you.
I actually do have a question though, your thoughts possibly on something I have been studying over the weekend, you say wait for the trigger of the mas to cross on the 1hr tf and then change to 15m and wait for the confirmation cross on that tf, I looked back over this during weekend and first thing this morning (UK here) and the cross always seems to happen on the 15m tf well before the hr tf, maybe this is just an aggressive cross and we should possibly wait for a conservative cross on the 1hr first but my thoughts were after seeing the cross on the 15m, that is the trigger and for total confirmation wait for it to cross on the 1 hr before entering, thoughts?

sorry for the long windedness of this post

respect to all

Tom(UK)
  • #344
  • Oct 24, 2011 3:46am Oct 24, 2011 3:46am
Quoting lawgirl21
Some very good ideas here, FP. I especially like the two trades suggestion.

Keep in mind that I see this as a better cross over trend trading set up than a BO set up. I added the box lines to see if the two systems compliment each other and they do.

Looking at AUDUSD from last week, the cross on October 18 was a beautiful trend cross trade that turned into a H1 4C BO on the 18th and continued as a trend/BO trade on the 19th. It was on the 20th that the conslidation began and the crosses had to be carefully watched to trade.

Buying at the...

Many thanks for the reply LG.

Yes, apologies, I have initially been focusing on using this strategy to assist with trading breakouts after the London open, confirming a move away from consolidation. I find i'm making less mistakes by following the EMAs rather than the often volatile candles after open.

In case it is useful to anyone, I attach an EA which you can load onto your chart after you have placed a trade and instruct it close the trade upon the (re)cross of the 3/8 EMAs. I've found this useful where I've moved a SL to breakeven on a strong move, but can't watch the trade (i'm an attorney too, so you know how it is with meetings etc, nothing worse than placing a trade and then be dragged into a 3 hour meeting with no way to monitor the charts. I tend to sneak out for toilet breaks and check my VPS on my iphone ha ha!).



It's not mine, so I would suggest testing on demo before use! I got it here: http://www.forexfactory.com/showthre...53#post3590553
Attached File(s)
File Type: ex4 CloseMaCross.ex4   2 KB | 418 downloads
  • #345
  • Edited 6:35am Oct 24, 2011 6:19am | Edited 6:35am
First trades of the week closed:

long NZDUSD @ 0.79880, closed for 62 pips (opened on Friday)
short EURJPY @ 105.513, closed for 28 pips

think that will do me for today, 5.5% increase on account balance

  • #346
  • Oct 24, 2011 7:35am Oct 24, 2011 7:35am
Quoting Aussiedoc
Lawgirl, you never cease to amaze me. This EMA system is a ripper.
Re counter-trends, pullbacks... I notice in post #228 that you have what appears to be a pink/purple/magenta vertical line on your charts indicating the commencement of a short trade.
Please, are they trend lines that you personally drew or are they an indicator that you have obtained??
Thanks.Cheers.
Thanks for the kind words, doc.

Those vertical lines are lines I draw manually as a guide for evaluating the angle for myself.
  • #347
  • Oct 24, 2011 7:38am Oct 24, 2011 7:38am
Quoting danc
EUUD 5 min.. box formed from weekly fibo pivot resistance.. Ma cross enter and cross mmarks point..note at 2oo ema.. but have 3820 on my mind... which is fibo pivot centre point..note DXY currently charging hier..Note top line is fibo pivotweekly 50%.. enter line is fibo weekly 38% line
We've got to figure out why your ma lines are interrupted. Are you using "None" for color instead of "black"? If not, try it.
  • #348
  • Oct 24, 2011 7:46am Oct 24, 2011 7:46am
Quoting booktimes
Hi Lawgirl and guys
Firstly what a terrific inspiration to everyone you are Lawgirl, your completely non-selfish attitude and amazing strategies you come up with and share to everyone is a wonderful attribute, many thanks and total respect to you.
I actually do have a question though, your thoughts possibly on something I have been studying over the weekend, you say wait for the trigger of the mas to cross on the 1hr tf and then change to 15m and wait for the confirmation cross on that tf, I looked back over this during weekend and first thing...
You got it exactly right, Tom, the M15 cross occurs first. That is a more aggressive entry, as you said and one can certainly be entered on the M15 cross. But I like confirmation of direction on at least 2 timeframes.

What I meant by looking for the cross on the H1 chart and confirming on the M15 is, if the M15 is still heading in the desired direction we have our confirmation of the trade. If it is not, we would not enter the trade at that time.
  • #349
  • Oct 24, 2011 7:47am Oct 24, 2011 7:47am
Quoting AndreasF
That was an excellent start into the new week!

Trailing stop of 40 points (4 pips) took me out with 37 pips.
  • #350
  • Oct 24, 2011 7:50am Oct 24, 2011 7:50am
Quoting forexpippy
First trades of the week closed:

long NZDUSD @ 0.79880, closed for 62 pips (opened on Friday)
short EURJPY @ 105.513, closed for 28 pips

think that will do me for today, 5.5% increase on account balance

Excellent day's work.
  • #351
  • Oct 24, 2011 8:01am Oct 24, 2011 8:01am
Quoting lawgirl21
Thanks for the kind words, doc.

Those vertical lines are lines I draw manually as a guide for evaluating the angle for myself.
AHHHH! Good one!!
Cheers
Attitude! Attitude! Attitude! There is nothing in Life but Attitude!
  • #352
  • Oct 24, 2011 8:08am Oct 24, 2011 8:08am
Entered short on H1 cross, confirmed on the M15 chart.
Attached Image
  • #353
  • Oct 24, 2011 8:33am Oct 24, 2011 8:33am
Quoting lawgirl21
Entered short on H1 cross, confirmed on the M15 chart.
Hit my stop at BE.
  • #354
  • Oct 24, 2011 8:41am Oct 24, 2011 8:41am
Quoting acfuk
Hi,
did some looking around and found this, not perfect but does save watching screen!
You can change some of the settings...
I would love an alert, but this is for EMA's crossing. We are looking for SMA cross????
Believe and Achieve!
  • #355
  • Oct 24, 2011 9:13am Oct 24, 2011 9:13am
Quoting sirwolf
I would love an alert, but this is for EMA's crossing. We are looking for SMA cross????
The attached alert allows you to choose simple, smoothed, exponential etc

Andy
Attached File(s)
File Type: mq4 2MA Crossover.mq4   8 KB | 705 downloads
  • #356
  • Oct 24, 2011 9:14am Oct 24, 2011 9:14am
Quoting Andy B
The attached alert allows you to choose simple, smoothed, exponential etc

Andy
Thanks so much!
Believe and Achieve!
  • #357
  • Oct 24, 2011 9:41am Oct 24, 2011 9:41am
Despite saying I was going to get out of the market this morning after an early couple of wins, since this is only on a small account I figured the practice would do me good.

Spotted a lovely cross on the M15 for EURAUD which provided a nice entry for the steep EMA angles on the H1. Got out with 21 pips.

Then, for CHFJPY, an absolutely textbook bounce off the 200 EMA which had been tested a few times on the H1. Bought on the EMA cross on the M15 and easily bagged another 22 pips in 14 minutes. (I was almost tempted to trade the subsequent hasty retrace back to support, but thought I was being greedy!).

Sorry I can't put charts up at the moment, I'm trading on my VPS via my iphone, so it would be a real PITA. I'll try to get some screen grabs from my platform at home tonight, so you can see the setups.

So, that's 133 pips today (about 8% increase of account balance) thanks to some lovely clean charts, sufficient volume and the help of a few EMAs for entry/exit

Also, all of my stop losses have been between 1-2% of account equity, so good risk reward ratio too. I move my stops to BE as soon as the PA has moved a sufficient distance from my entry (which is anything from around 10 - 20 pips normally, depending on volatility).

Thanks again for the inspiration LG!
  • #358
  • Oct 24, 2011 10:10am Oct 24, 2011 10:10am
Quoting forexpippy
Despite saying I was going to get out of the market this morning after an early couple of wins, since this is only on a small account I figured the practice would do me good.

Spotted a lovely cross on the M15 for EURAUD which provided a nice entry for the steep EMA angles on the H1. Got out with 21 pips.

Then, for CHFJPY, an absolutely textbook bounce off the 200 EMA which had been tested a few times on the H1. Bought on the EMA cross on the M15 and easily bagged another 22 pips in 14 minutes. (I was almost tempted...
This terrifice trading..and makes me very happy to hear about successes. (I want to hear about losses too, though. None here though.)

Great job!
  • #359
  • Oct 24, 2011 10:12am Oct 24, 2011 10:12am
Long here, but weak move up so far..
Attached Image
  • #360
  • Oct 24, 2011 10:18am Oct 24, 2011 10:18am
Quoting lawgirl21
Long here, but weak move up so far..
Hit my TP of 18 pips.
Attached Image
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