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Yet another moving average crossover system

  • #701
  • Nov 2, 2011 6:50pm Nov 2, 2011 6:50pm
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.

Thanks Lawgirsl21 for a great system, the EA is currently taking trades on USDCAD,EURGBP,EURUSD and AUDUSD and they are all in profit.

Mike
  • #702
  • Nov 2, 2011 6:54pm Nov 2, 2011 6:54pm
Quoting WaveTrend
Todays EU short.

Excellent trading, WT. The move may not be over yet.
Attached Images
  • #703
  • Nov 2, 2011 7:08pm Nov 2, 2011 7:08pm
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.

Thanks Lawgirsl21 for a great system, the EA is currently taking trades on USDCAD,EURGBP,EURUSD and AUDUSD and they are all in profit.

Mike
I hate to ask you how to set this up, but can you show us a screen shot of the set up, Mike? EAs are really confusing to me. Does it take the trade for us, or just manage the trade?
  • #704
  • Nov 2, 2011 7:40pm Nov 2, 2011 7:40pm
Quoting lawgirl21
I hate to ask you how to set this up, but can you show us a screen shot of the set up, Mike? EAs are really confusing to me. Does it take the trade for us, or just manage the trade?

Confused as well on how to use the EA.

Anyway, is there a EA that can manage our open trade/s and close it for us if the 3EMA x 8EMA opposite our trade? So, when we open a BUY trade based on 3x8 bull, we will just let the EA babysit the trade for us then close it when 3x8 bear happened (on m15, or other TF we specified).

Of course the idea of phasing our close trade as how MPTM is great too, although I have yet to fully grasp how it works. =)
  • #705
  • Nov 2, 2011 8:13pm Nov 2, 2011 8:13pm
did any one else find the market a little harder to trade yesterday? seems to be much better today. Yesterday I lost but today I'm up again x 3 times what I was down yesterday. was it the market? it was it me. ?
  • #706
  • Nov 2, 2011 8:32pm Nov 2, 2011 8:32pm
^ good for you buddy!

Why does it seem I ALWAYS have a hard time getting consistent wins? Heheh ... it must be me then!

Anyways, seen a legit SELL signal on m15 for GBPCHF. Lets see how this pans out.
  • #707
  • Nov 2, 2011 8:51pm Nov 2, 2011 8:51pm
Excellent trading, WT. The move may not be over yet.

Thanks LG
To bail or not to bail. Price seeems to respect the MA's like a form of dynamic support and resistance. Problem is with the short time frames sitting and having to babysit your trade or getting away from the tube bailing and taking PIPS...how many times does it continue to go in the direction of your trade once you close it. I think your way of managing the trade on the higher time frame might keep me in more often than not than bailing out early.
  • #708
  • Nov 2, 2011 9:44pm Nov 2, 2011 9:44pm
Quoting lawgirl21
I hate to ask you how to set this up, but can you show us a screen shot of the set up, Mike? EAs are really confusing to me. Does it take the trade for us, or just manage the trade?
LG
Put it up on a 1HR chart
OOTB (out of the box) don't change anything see if it works
That's what I did I is working
  • #709
  • Nov 2, 2011 10:04pm Nov 2, 2011 10:04pm
Quoting dryclean
LG
Put it up on a 1HR chart
OOTB (out of the box) don't change anything see if it works
That's what I did I is working
All defaults? It takes trades for us?
  • #710
  • Nov 2, 2011 11:20pm Nov 2, 2011 11:20pm
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.

Thanks Lawgirsl21 for a great system, the EA is currently taking trades on USDCAD,EURGBP,EURUSD and AUDUSD and they are all in profit.

Mike
Magft, When I run, this EA shows me the following message:


2011.11.02 23:12:542011.01.05 17:37 Cannot open file 'Crogram FilesIBFX Australia - PruebasexpertsindicatorsAllAverages_v2.1 cc.ex4' on the EURUSD,H1

Where Can I find it indicator?

Thanks.
Enter Signature
  • #711
  • Nov 3, 2011 2:15am Nov 3, 2011 2:15am
Quoting WaveTrend
Excellent trading, WT. The move may not be over yet.

Thanks LG
To bail or not to bail. Price seeems to respect the MA's like a form of dynamic support and resistance. Problem is with the short time frames sitting and having to babysit your trade or getting away from the tube bailing and taking PIPS...how many times does it continue to go in the direction of your trade once you close it. I think your way of managing the trade on the higher time frame might keep me in more often than not than bailing out early.
Now you are in the EU short, look at the daily chart and where it MIGHT end up. That was a daily trade m8 See where it retraced to?
Targ poss yearly open

P.S. The price respects nothing. MAs follow price, not the other way around.
  • #712
  • Nov 3, 2011 2:51am Nov 3, 2011 2:51am
Quoting lawgirl21
I do not use them. But I had to learn the hard way.
Most emphatically agree with you ! I hope more people READ your comment !
  • #713
  • Nov 3, 2011 3:04am Nov 3, 2011 3:04am
Here's how my chart looks:

TimeFrame- 15m

BLACK - 200EMA
RED - 32EMA
GREEN - 12EMA
GOLD - 8EMA
WHITE - 3EMA
BrokenBlack - 1EMA


Basically, I have the 3ema and 8ema on 15m timeframe.

Instead of shifting from H1 to m15 tf, I use the multiplier 4, therefore the 12ema and 32ema is the 3x8 for H1 timeframe inside the m15 charts. When GREEN is over RED ma, it shows bullish sentiment, and vice versa.

Question, do we use the same 200EMA for m15 and h1 charts?
Attached Image (click to enlarge)
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  • #714
  • Nov 3, 2011 3:25am Nov 3, 2011 3:25am
Quoting nunrgguy
Have you ever seen it not crossed already on the lower TF if it crosses on the higher?
Yes.

There will be instances where the H1 has a long bar up already and the averages have already crossed upwards. But towards the last 15 mins of the hour, it is creeping down. So, looking at the 15M, you'll see that it hasn't crossed upwards.
  • #715
  • Nov 3, 2011 3:25am Nov 3, 2011 3:25am
Quoting iamnoel
^ good for you buddy!

Why does it seem I ALWAYS have a hard time getting consistent wins? Heheh ... it must be me then!

Anyways, seen a legit SELL signal on m15 for GBPCHF. Lets see how this pans out.

Ouch, closed with -24pips


  • #716
  • Nov 3, 2011 3:27am Nov 3, 2011 3:27am
Quoting iamnoel

Instead of shifting from H1 to m15 tf, I use the multiplier 4, therefore the 12ema and 32ema is the 3x8 for H1 timeframe inside the m15 charts.
I was under the impression that simply multiplying the period was not completely accurate?

There are many Multiple Time Frame (MTF) indicators available on FF which allow you to display a "true" MA from one time frame on another.

I've used them and whilst they do work, I actually prefer to switch between time frames since it gives me a better overall picture of what's going on (e.g. looking at M5 can be a bit deceptive in respect of the bigger picture!).
  • #717
  • Nov 3, 2011 3:51am Nov 3, 2011 3:51am
What a beautiful picture......
Attached Images
  • #718
  • Edited 4:56am Nov 3, 2011 4:22am | Edited 4:56am
Quoting iamnoel
Ouch, closed with -24pips


You're not the only one. Trading the GBPUSD tonight is not for the faint of heart. (Can you say, "Sybill?") In my case, I took a short nap and woke up 33 pips poorer. Thank God for SLs. Am short again from 1.5937 and believe it will bounce again around 1.5911 . I may be wrong and totally delerious, and it wouldn't be the 1st time. As I write this the Cable is reaching for the stars and my SL. Stay tuned.
  • #719
  • Edited 5:23am Nov 3, 2011 5:19am | Edited 5:23am
Jumped in on 4 trades today.

The eur/usd at 1.37434 and 1.37423.

The cable at 1.59376 and 1.59383.

The time was 09:13am UK time on the 1H chart when the 3EMA crossed the 8EMA.

I collected 20 pips on each trade, so 80 pips done this morning.

I looked at the M15 time frame to make sure the two EMA's were heading north in the same direction.
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  • #720
  • Edited 5:43am Nov 3, 2011 5:22am | Edited 5:43am
Quoting lawgirl21
All defaults? It takes trades for us?
Yes
worked pretty good last night for me 2 winning trades still going. I will let them run to see what the bot will do and how will exit
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