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5min open/close ma cross

  • #21
  • Nov 1, 2011 5:44am Nov 1, 2011 5:44am
Quoting magft
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
Nicely done.
Looks good.
  • #22
  • Nov 1, 2011 6:35am Nov 1, 2011 6:35am
What would really put this over the top is a stop that moves to BE +5 (for long) after a move = 1 ATR.
and the option to set trading % of balance....
  • #23
  • Nov 1, 2011 7:21am Nov 1, 2011 7:21am
Quoting jiva34
What would really put this over the top is a stop that moves to BE +5 (for long) after a move = 1 ATR.
and the option to set trading % of balance....
Now i know it works i can add the usual MPTM features like JS and TS etc that Steve has in his other EAs, i'll have to look into the "a move = 1 ATR" bit when i have time.
  • #24
  • Nov 1, 2011 7:38am Nov 1, 2011 7:38am
Quoting magft
Now i know it works i can add the usual MPTM features like JS and TS etc that Steve has in his other EAs, i'll have to look into the "a move = 1 ATR" bit when i have time.
Nice...
  • #25
  • Nov 1, 2011 12:03pm Nov 1, 2011 12:03pm
Quoting jiva34
What would really put this over the top is a stop that moves to BE +5 (for long) after a move = 1 ATR.
and the option to set trading % of balance....
I have updated the EA with MPTM features like BE, JS and TS and lot sizing based on percent risk. I have posted it here.

Mike
  • #26
  • Edited 9:18pm Nov 1, 2011 8:58pm | Edited 9:18pm
Quoting jiva34
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...
Jiva34,

Would appreciate very much if you would explain further the chart you attached. especially those figures on the bottom left corner of the chart, as relate to the Buy signal appearing on the top right side. Since it is a Buy signal, I presumed that the Price level should those in price appearing at the bottom, but which one of them since there are two price indicated. Sorry, maybe you have explained it already from your previous post. And since we are adhering to the 10 pips above the 21 SMA when we are looking for buy signal, as in this case, it run contrary to the mantra "sell on Tap and buy on Dip" .

God Bless you,

Edd
  • #27
  • Nov 2, 2011 6:51pm Nov 2, 2011 6:51pm
I have had to update the EA as the BE, TS and JS were not working properly. These have been fixed now.

It can be found here.

Mike
  • #28
  • Nov 3, 2011 5:02am Nov 3, 2011 5:02am
Quoting Edd Ganuelas
Jiva34,

Would appreciate very much if you would explain further the chart you attached. especially those figures on the bottom left corner of the chart, as relate to the Buy signal appearing on the top right side. Since it is a Buy signal, I presumed that the Price level should those in price appearing at the bottom, but which one of them since there are two price indicated. Sorry, maybe you have explained it already from your previous post. And since we are adhering to the 10 pips above the 21 SMA when we are looking for buy signal, as in this...
The numbers and words in the bottom left are from the simulated trading program I was using for testing. they have nothing to do with the strategy only the simulated trading program.

Idea of 10 pips is to insure that there is strong enough trend in place that prices wouldhavebeen able to move at least 10pipsin the direction, so we are aiming to catch a midsection of a move already in place, not trying to find a top or bottom.
  • #29
  • Nov 3, 2011 1:48pm Nov 3, 2011 1:48pm
Quoting jiva34
Ah, how we long for a perpetually trending market...
well i use stoc indi also 1 generous gentleman referred me to http://www.forexlive.com/ so i can dodge news and get to trends.

keep up the good work
I wish to have my own money tree beside my bonsai
  • #30
  • Nov 3, 2011 2:29pm Nov 3, 2011 2:29pm
Check out http://www.forexfactory.com/showthre...=1#post5100491
very simple...
  • #31
  • Nov 7, 2011 9:43am Nov 7, 2011 9:43am
Hi

I'm using the EA offered in this thread by "magft" and it goes very well (+94 pips for today in EURUSD). I haven't activated the Hanover filter since it seems to cut off lot of successful trades. Although today the EUR was ranging that was a great start.

One question for jiva is whether there's any experience with other pairs.

I would like to thank both jiva and magft for their contribution as well as any other member offering in this thread with their questions and feedback.

Thank you all !!
  • #32
  • Nov 7, 2011 1:11pm Nov 7, 2011 1:11pm
Quoting rmitsos
Hi

I'm using the EA offered in this thread by "magft" and it goes very well (+94 pips for today in EURUSD). I haven't activated the Hanover filter since it seems to cut off lot of successful trades. Although today the EUR was ranging that was a great start.

One question for jiva is whether there's any experience with other pairs.

I would like to thank both jiva and magft for their contribution as well as any other member offering in this thread with their questions and feedback.

Thank you all !!
Great. Keep us posted. I've been working on this strategy lately:
http://www.forexfactory.com/showthre...=324139&page=2

soon to be an ea...
  • #33
  • Edited 9:54am Nov 8, 2011 9:35am | Edited 9:54am
Quoting magft
I have had to update the EA as the BE, TS and JS were not working properly. These have been fixed now.

It can be found here.

Mike
Mike

I need some assistance with the last version where the BE, JS and TSL are supposed to work as usual. I've set up the EA with all of them set to true. I;m watching my trades and none seems to work as it should like not existing at all. Is it my fault that I use all three at the same time ?? Am i supposed to have the MPTM in my MT4 folders or the code in the EA is stand-alone?

Thank you very much !!
  • #34
  • Nov 8, 2011 11:39am Nov 8, 2011 11:39am
Quoting rmitsos
Mike

I need some assistance with the last version where the BE, JS and TSL are supposed to work as usual. I've set up the EA with all of them set to true. I;m watching my trades and none seems to work as it should like not existing at all. Is it my fault that I use all three at the same time ?? Am i supposed to have the MPTM in my MT4 folders or the code in the EA is stand-alone?

Thank you very much !!
No you shouldn't nee MPTM for the EA to work BUT if you are finding it not working as it should then MPTM will do the job for you if setup correctly. The BE, JS and TS seem to be working on my version though so i am not sure why you are not seeing this.

Mike
  • #35
  • Nov 8, 2011 2:27pm Nov 8, 2011 2:27pm
Playing for cross of moving averages isn't a very good idea... Of course you can earn playing this system, but SL will be too big. This is classical, very old system. I play with MAs too, but I search correct formations of MAs on two TFs and then I open position.
Professional FX courses - ZL, SD, for beginners and advanced traders
  • #36
  • Nov 10, 2011 3:19pm Nov 10, 2011 3:19pm
Maybe I'll upload something... I play with moving averages' formations. These are my today trades.

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The end of british session is so hard... But at least I earned

Regards
Professional FX courses - ZL, SD, for beginners and advanced traders
  • #37
  • Nov 13, 2011 2:30pm Nov 13, 2011 2:30pm
Quoting magft
I have updated the EA with MPTM features like BE, JS and TS and lot sizing based on percent risk. I have posted it here.

Mike
Can you fix this?
Open a trade on new signal on same candle that ea has closed a trade.
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  • #38
  • Nov 15, 2011 1:00am Nov 15, 2011 1:00am
have added 21 lsma for trend filter.
setting 4 on ma color indi... using day chart...
stop = 1ATR
close 1/3 at 1/2 ATR
move stop to Breakeven profit in pips +5.
close 1/3 at 1 ATR
Let last 1/3 run to close at opposite signal or stop out.
Can move stop to follow swing highs and swing lows..
trading .5% account for position no more than 2% total balance at risk.
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  • #39
  • Nov 17, 2011 2:32am Nov 17, 2011 2:32am
Quoting jiva34
have added 21 lsma for trend filter.
setting 4 on ma color indi... using day chart...
stop = 1ATR
close 1/3 at 1/2 ATR
move stop to Breakeven profit in pips +5.
close 1/3 at 1 ATR
Let last 1/3 run to close at opposite signal or stop out.
Can move stop to follow swing highs and swing lows..
trading .5% account for position no more than 2% total balance at risk.
Interesting... this is similar to the ColorMA thread. Have you decided to use this setup for daily as oppose to the one described on the ColorMA thread? Thanks Jiva for providing so many ideas!
  • #40
  • Last Post: Nov 17, 2011 2:36am Nov 17, 2011 2:36am
Quoting zeropoint
Interesting... this is similar to the ColorMA thread. Have you decided to use this setup for daily as oppose to the one described on the ColorMA thread? Thanks Jiva for providing so many ideas!
moved...http://www.forexfactory.com/showthre...02#post5139702
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