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5min open/close ma cross

  • #1
  • First Post: Edited Nov 15, 2011 3:42am Oct 28, 2011 12:34am | Edited Nov 15, 2011 3:42am
MOVED: http://www.forexfactory.com/showthre...03#post5133703


For a short term trade strategy this will catch some very decent gains per trade while keeping out of sideways markets.
Small losses, big gains.

Overview:
For EURUSD
Trade with trend
Look for BUY or SELL signal/arrow from the open/close moving
average cross indicator.
settings.... 21sma open, 21 sma close.

With BUY signal wait for prices to close above 21sma level 10.
Exit with SELL signal.

With SELL signal wait for prices to close below 21sma level 10.
Exit with BUY signal.
That's it...

Am attaching a practice program for simulated trading.
Attached Image (click to enlarge)
Click to Enlarge Name: oc.gif Size: 52 KB
Attached File(s)
File Type: zip open-close.zip   74 KB | 2,473 downloads
File Type: mq4 Training2.mq4   15 KB | 1,632 downloads
  • #2
  • Oct 28, 2011 1:18am Oct 28, 2011 1:18am
when you say price must close above/below 21sma level 10....
I understand the 21 SMA, but what does level 10 mean??
Thank you.
  • #3
  • Edited 2:23am Oct 28, 2011 2:10am | Edited 2:23am
Quoting michaelB
when you say price must close above/below 21sma level 10....
I understand the 21 SMA, but what does level 10 mean??
Thank you.
check your private messages
  • #4
  • Oct 28, 2011 2:56am Oct 28, 2011 2:56am
Hi jiva,
Would you mind to explain about "level 10" for all of us?
Thanks for your systems!
Kind regards
  • #5
  • Oct 28, 2011 4:46am Oct 28, 2011 4:46am
May have to widen the level a bit. from 10pips to 16 pips..
  • #6
  • Oct 28, 2011 4:47am Oct 28, 2011 4:47am
Quoting nikki
Hi jiva,
Would you mind to explain about "level 10" for all of us?
Thanks for your systems!
Kind regards
Will get to it a little later today...
  • #7
  • Oct 28, 2011 6:37am Oct 28, 2011 6:37am
Quoting nikki
Hi jiva,
Would you mind to explain about "level 10" for all of us?
Thanks for your systems!
Kind regards
Parallel lines that follow the moving average at a set distance in pips...
This explains how to:http://www.forexfactory.com/showthre...24#post5081424
Attached Image (click to enlarge)
Click to Enlarge Name: levels.jpg Size: 156 KB
  • #8
  • Oct 29, 2011 12:19pm Oct 29, 2011 12:19pm
Hi Jiva, thank you very much for posting this indicator and bringing this method to our attention. I have the problem, that after installing the indi on my alpari mt4 demo, instead of the arrows there are only e 's. Do you have any suggestions what could be wrong or maybe someone has the same problem? Thank you very much in advance,

Peter
  • #9
  • Oct 29, 2011 2:05pm Oct 29, 2011 2:05pm
Quoting swissfortune
Hi Jiva, thank you very much for posting this indicator and bringing this method to our attention. I have the problem, that after installing the indi on my alpari mt4 demo, instead of the arrows there are only e 's. Do you have any suggestions what could be wrong or maybe someone has the same problem? Thank you very much in advance,

Peter
Whoa,,, good one. Never heard of that...
  • #10
  • Oct 29, 2011 2:59pm Oct 29, 2011 2:59pm
Maybe knows this strange behavior, pls look at the chart...
Attached Image (click to enlarge)
Click to Enlarge Name: 5MinOpen_é.png Size: 55 KB
  • #11
  • Edited 11:51pm Oct 29, 2011 6:21pm | Edited 11:51pm
I'm using FXDD and the arrows appear, but are they correct.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minmacross.gif Size: 24 KB
  • #12
  • Oct 29, 2011 11:13pm Oct 29, 2011 11:13pm
Quoting swissfortune
Maybe knows this strange behavior, pls look at the chart...
looks like what happens when the font is messed up..
contact live chatt fxdd tech....
maybe something to do with updates....
try uninstalling and reinstalling if you have the time..
  • #13
  • Oct 29, 2011 11:56pm Oct 29, 2011 11:56pm
I closed the MT4 platform.
Then deleted "MA ribbon filled_Alerts1" mq4 and ex4 from the indicators folder.
Then download the indicator again from the zip file on 1st post.
Restarted MT4 [running Build 409]
Attached is the resulting chart using the Template from zip file.
Attached Image (click to enlarge)
Click to Enlarge Name: 5minmacross[2].gif Size: 33 KB
  • #14
  • Oct 30, 2011 5:18am Oct 30, 2011 5:18am
Been working on this over the weekend...
http://www.forexfactory.com/showthre...42#post5084242
  • #15
  • Oct 30, 2011 8:44am Oct 30, 2011 8:44am
Quoting jiva34
Been working on this over the weekend...
http://www.forexfactory.com/showthre...42#post5084242
nice work jiva
i find that your system is better to trade trending markets unless we find a filter
i have one question, actually a statement. The vertical dotted lines in the template marks market opens. its is interesting. if can post the indicator it would be great.
I wish to have my own money tree beside my bonsai
  • #16
  • Oct 30, 2011 9:08am Oct 30, 2011 9:08am
Quoting jiva34
check your private messages
Hello Jiva,
I'm a newbie.
Can you help me to explain how can I open and attached this mq4 file to my platform ?
I really appreciate your help very much.

Happy trading
veryspecial1
  • #17
  • Oct 30, 2011 9:34am Oct 30, 2011 9:34am
Quoting Lucy
nice work jiva
i find that your system is better to trade trending markets unless we find a filter
i have one question, actually a statement. The vertical dotted lines in the template marks market opens. its is interesting. if can post the indicator it would be great.
Set your broker's gmt
Attached File(s)
File Type: mq4 Market_Open_Lines c.mq4   6 KB | 674 downloads
  • #18
  • Oct 30, 2011 9:36am Oct 30, 2011 9:36am
Quoting Lucy
nice work jiva
i find that your system is better to trade trending markets unless we find a filter
i have one question, actually a statement. The vertical dotted lines in the template marks market opens. its is interesting. if can post the indicator it would be great.
Ah, how we long for a perpetually trending market...
  • #19
  • Oct 31, 2011 6:54am Oct 31, 2011 6:54am
am working on this http://www.forexfactory.com/showthre...78#post5086478
  • #20
  • Nov 1, 2011 4:24am Nov 1, 2011 4:24am
I have been adapting SteveHopwood's moving average cross over with Hanover EA to test it out and thought this method would be a good starting point.

It can be found here.

By default i have turned off the Hanover relative strength filter to keep the system as stated by jiva34 in post #1. I have tested it with and without the Hanover module and it seems to trade as expected but let me know if there is something wrong.

Mike
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