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Yet another moving average crossover system

  • #721
  • Nov 3, 2011 5:44am Nov 3, 2011 5:44am
Quoting dryclean
Yes
worked pretty good last night for me 2 winning trades still going. O will let them run to see what the bot will do
It seems to open the trades as per the rules in post 1, but looking at the code I don't think it will ever close the positions with the default settings. You either need to active one of the trailing stop functions, or change "Close On Opposite Signal" to true - or do both.
  • #722
  • Nov 3, 2011 5:44am Nov 3, 2011 5:44am
Quoting forexpippy
What a beautiful picture......
Stuck to the plan today, so that was the first and most important success!

Entered GBPUSD upon H1/M15 EMA cross (as shown in the charts I posted), followed by EURUSD a short while after on the H1/M15 EMA cross.

I'm still using/experimenting with MPTM to manage my trades once I've opened them because (a) I can't be in front of the screen all the time to monitor my trades, and (b) I can't be lured into deviating from my plan since it's out of my control!




EURUSD: 70% of trade was closed at TP1, locking in 22 pips. SL was moved to breakeven and then a 20 pip trailing stop followed the remaining 30% of my trade. The remaining trade was eventually closed for a 42 pip profit. Total pips = 64

GBPUSD: 70% of trade was closed at TP1, locking in 17 pips. SL was moved to breakeven and then a 15 pip trailing stop followed the remaining 30% of my trade. The remaining trade was eventually closed for a 43 pip profit. Total pips = 60

Total pips today = 124

Total increase in account = 3.2%




I'm still trying to find the sweet spot of where my initial TP should be, how much of the trade should be closed at that point, and how big my trailing stop should be on the remainer of the trade (and if I should use one at all).

However, for me, it certainly seems sensible to close the majority of the trade at around 20 pips, since from looking at the charts, the H1/M15 EMA crosses seem to hit this level fairly consistently as a result of the momentum being carried.
  • #723
  • Nov 3, 2011 5:52am Nov 3, 2011 5:52am
Quoting skoda2008
It seems to open the trades as per the rules in post 1, but looking at the code I don't think it will ever close the positions with the default settings. You either need to active one of the trailing stop functions, or change "Close On Opposite Signal" to true - or do both.
I agree but Steve and the gang are working on a hidden SL TP in the bot to fool the criminals(brokers). Maybe Mike could explain exits
  • #724
  • Nov 3, 2011 6:12am Nov 3, 2011 6:12am
Where the EA will differ from manual trading is with the use of the 200 EMA. If I interpret the rules correctly it's "all about the vibe" on the 200 EMA, where as the EA is only taking trades in the direction of the long term moving average. So, it only took the GBPUSD trade an hour or so ago, not the EURUSD one that forexpippy refers to.
  • #725
  • Nov 3, 2011 6:39am Nov 3, 2011 6:39am
Quoting skoda2008
Where the EA will differ from manual trading is with the use of the 200 EMA. If I interpret the rules correctly it's "all about the vibe" on the 200 EMA, where as the EA is only taking trades in the direction of the long term moving average. So, it only took the GBPUSD trade an hour or so ago, not the EURUSD one that forexpippy refers to.
This is where an EA will always differ from the trader's own view though.

Look at the 200 EMA on the H1 for EURUSD.

Going by the 200 EMA alone (which the EA must do), is the trend up or down? Try zooming in and out of the H1 chart, then ask yourself again, is the trend up or down?

What period should we use for deciding whether the trend is up or down? 3 days, 5 days, 2 weeks, a month?
  • #726
  • Nov 3, 2011 6:45am Nov 3, 2011 6:45am
Yeah I know, that's why I was pointing out the difference. How the EA is coded at the moment it is looking at the long term average in a very short term way.
  • #727
  • Nov 3, 2011 7:39am Nov 3, 2011 7:39am
Everyone......I've started another thread for the EA. Please post EA information there. Those of us who are interested in using an EA will monitor that thread also.

Trying to keep it "pure" here. Thanks everyone and thanks for the hard work on the EAs. I know they are difficult and take lots of time.
Rebecca
  • #728
  • Nov 3, 2011 7:42am Nov 3, 2011 7:42am
Quoting lawgirl21
Everyone......I've started another thread for the EA. Please post EA information there. Those of us who are interested in using an EA will monitor that thread also.

Trying to keep it "pure" here. Thanks everyone and thanks for the hard work on the EAs. I know they are difficult and take lots of time.
Rebecca
Thx Rebecca !
The thread is here : http://www.forexfactory.com/showthread.php?t=323959
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  • #729
  • Nov 3, 2011 7:43am Nov 3, 2011 7:43am
Many beautiful crosses and BOs during London. I am late to the party.
Attached Image
  • #730
  • Nov 3, 2011 8:08am Nov 3, 2011 8:08am
just showing this chart for illustration puposes...weird price spikes from FXDD feed 80 pip bar and spread went to around 20 pips in a few seconds. I know there is news coming in a bit but this did take out some longs within 80 pips of price. Cleaning up stops... not sure... but erratic as all hell. Lucky for me I was in a short so it is continuing down...3800 to 3720 and back in 5 seconds or less.
Attached Image
  • #731
  • Nov 3, 2011 8:11am Nov 3, 2011 8:11am
Thanks Rebecca
Good luck to anyone who uses EA'S but not for me, I like to be the one who pushes and stops the button, if it crosses the MA push the button, if it crosses back or hits my trendline, stop the trade and take the money
many thanks

Tom
  • #732
  • Nov 3, 2011 8:12am Nov 3, 2011 8:12am
Quoting WaveTrend
just showing this chart for illustration puposes...weird price spikes from FXDD feed 80 pip bar and spread went to around 20 pips in a few seconds. I know there is news coming in a bit but this did take out some longs within 80 pips of price. Cleaning up stops... not sure... but erratic as all hell. Lucky for me I was in a short so it is continuing down...3800 to 3720 and back in 5 seconds or less.

Check the news 27 mins ago.
TTFN Merlyn
  • #733
  • Nov 3, 2011 8:13am Nov 3, 2011 8:13am
Hi Wavetrend
reason for the spike down then slightly back up was the ECB rate decision, dropping rates by 25bp
respect

Tom
  • #734
  • Nov 3, 2011 8:16am Nov 3, 2011 8:16am
Quoting booktimes
Hi Wavetrend
reason for the spike down then slightly back up was the ECB rate decision, dropping rates by 25bp
respect

Tom
TTFN Merlyn
  • #735
  • Nov 3, 2011 8:19am Nov 3, 2011 8:19am
Quoting booktimes
Hi Wavetrend
reason for the spike down then slightly back up was the ECB rate decision, dropping rates by 25bp
respect

Tom
Thanks..looks like I forgot to adjust my forex factory calandar clock when I moved time zones so i was off an hour. Tight stops anytime around news will certainly be vaporized. Lucky me the news went my way and the price followed.
  • #736
  • Nov 3, 2011 8:20am Nov 3, 2011 8:20am
Quoting forexpippy
Stuck to the plan today, so that was the first and most important success!

Entered GBPUSD upon H1/M15 EMA cross (as shown in the charts I posted), followed by EURUSD a short while after on the H1/M15 EMA cross.

I'm still using/experimenting with MPTM to manage my trades once I've opened them because (a) I can't be in front of the screen all the time to monitor my trades, and (b) I can't be lured into deviating from my plan since it's out of my control!




EURUSD: 70% of trade was closed at TP1, locking in 22 pips. SL was...
As the rules says you play long only when the 200 EMA shows uptrend on H1 or something changed ?
  • #737
  • Nov 3, 2011 8:21am Nov 3, 2011 8:21am
Hi Guys
Relatively good news for dollar, a rate cut usually drops the countrys currency involved eg Europe rate drop, bad for Euro, good employment figures for US also today, next news in 20 mins or so the ECB press conference, 1st conference for new ECB president Mario Draghi, so might move markets if he makes a statement

Tom
  • #738
  • Nov 3, 2011 8:34am Nov 3, 2011 8:34am
Attached Image
  • #739
  • Nov 3, 2011 8:38am Nov 3, 2011 8:38am
Quoting Micheel
As the rules says you play long only when the 200 EMA shows uptrend on H1 or something changed ?
For starters, as LG mentions herself in the first post, counter trend trades are also proving to be good for securing pips.

However, more to the point......do you think, based on the 200 EMA on the H1 for EURUSD, that it's in an uptrend or downtrend?

Is your answer the same for 31 October to present as it is for 30 September to present, or indeed for 8 September to present?

Determining trend is very subjective, even when everyone is using the same EMA. In my opinion, I can see the market ranging for the past couple of days, on a downtrend for the few days before that and on an uptrend for the month before that. So, using the 200 EMA doesn't really help me much in this instance! Therefore I took the view that as a result of the market ranging in the past few days, it could go either way.
  • #740
  • Nov 3, 2011 8:46am Nov 3, 2011 8:46am
Quoting Micheel
As the rules says you play long only when the 200 EMA shows uptrend on H1 or something changed ?
CT trades(using the 200 as a reference point work well on lower time frames as well) How hard price is pushing and 00's and 50's also have bearing. Hard fast rules are usefull guidelines but IMHO you have to be able to dance when the music starts regardless of how ugly she is.
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