Open/close cross

Many thanks to my mentor who has taken compassion on me, seeing my struggles, and is showing me how a real trader trades.

Day chart

5 sma cross 5 lwma
21 lsma trend confirmation

cross 5,5 down enter short trade with 21 lsma trend

cross 5,5 up enter long trade with 21 lsma trend

stop = 1 ATR

Start to trail stop at 2 ATR

exit stopped out or new signal in opposite direction.

There's more but that's the basics...

I use 2% of balance.

ff has a great program for tracking your accounts: http://blog.forexfactory.com/?p=1329

modification to title page:
12/1/11 cross of open/close 21 lwma has been replaced by a cross of the 5 sma/5 lwma.
12/7/11 scaling out as an exit strategy discontinued.
12/9/11 change % for initiating entry and establish % for adding on.
12/11/11 removed file for simulator
12/14/11 Mentor's name removed from title page

All Averages Ma_Method code:
// List of MAs:
// MA_Method= 0: SMA - Simple Moving Average
// MA_Method= 1: EMA - Exponential Moving Average
// MA_Method= 2: Wilder - Wilder Exponential Moving Average
// MA_Method= 3: LWMA - Linear Weighted Moving Average
// MA_Method= 4: SineWMA - Sine Weighted Moving Average
// MA_Method= 5: TriMA - Triangular Moving Average
// MA_Method= 6: LSMA - Least Square Moving Average (or EPMA, Linear Regression Line)
// MA_Method= 7: SMMA - Smoothed Moving Average
// MA_Method= 8: HMA - Hull Moving Average by Alan Hull
// MA_Method= 9: ZeroLagEMA - Zero-Lag Exponential Moving Average
// MA_Method=10: DEMA - Double Exponential Moving Average by Patrick Mulloy
// MA_Method=11: T3 - T3 by T.Tillson
// MA_Method=12: ITrend - Instantaneous Trendline by J.Ehlers
// MA_Method=13: Median - Moving Median
// MA_Method=14: GeoMean - Geometric Mean
// MA_Method=15: REMA - Regularized EMA by Chris Satchwell
// MA_Method=16: ILRS - Integral of Linear Regression Slope
// MA_Method=17: IE/2 - Combination of LSMA and ILRS

ma ribbonalert is the same as mt4 standard moving average codes. 0=simple,1=exponential,2=smoothed,3 =linear weighted

Tks Jiva, but please sorry, how I use this training file? Tks again.

it's an expert, put in the expert folder, set to visual in backtest window.
click on buy and move the word up to buy, click on sell move the word up to sell.
move the word down to close the trades.
put a template of your choice on it.
set the dates and pair to test.
regulate speed with the >>..
Enjoy...

Thank you for the tip(training), I do not known that. This is very useful.

I use it all the time to test strategies and run robots.
Good luck..

Lets all bexome commerxial members/// Hey, Jiva, I'll xode this for a boiilr,,,BOTTLE...

Thanx for the offer.. Don't know how this would perform on a lower time frame. It's a real jewel on the day chart...

Trades are going nicely. The original 4 are locked in with stop moved to breakeven +5. Added GBPUSD short.

Actual live trades are in Oanda fxtrader. Lightning fast execution and fractional position sizing capabilities. mt4 is just too clunky for live trading. mt4 is great for charting, testing and analyzing.
In the Oanda account I am strictly following .5% per position and 2% max risk.

BTW is there any reason why you choose 21 period for all MA you used, instead of 34 as your name is..

he he he ......
I got jiva34 because there were 33 jiva's ahead of me...

21 lsma works very well with cross of 21 sma open/21 sma close...

Thank you for a nice and clean cut system Jiva!

One question:
Shoudn't it be "200 lsma for trend" instead of 21 in your first post?

There is a 200 ema on my template. I refer to it in an unofficial way. It offers strong support and resistance. It has a subtle guideline to it. Nothing set in stone. I just consider my entrances more carefully if prices are hovering around the 200, or if they are really far away from it and look like they are turning back.

The 2-tone moving average is a 21 lsma and that is what I look at for trend.

This is a very effective system.

Total noob question, i know... But what does ATR stand for? Thanks.

Average True Range, for a setting of 20 that means the average range of high to low for each day for the last 20 days. Helpful to know for setting stops and limits....

Thanks. I'm going to demo this for awhile. I like it when people bring ideas built specifically for the daily time frame. The idea sounds great!

Hi Jiva,
Han ji. PAMHO.
What is the name of colored MA that you have on the charts.
BR

It is a sound strategy. Just one time during the day at the beginning of the new day candle look for a signal. That's it. set the stop and the limits. that's it. There will be some losses but they will be small and few. The gains will be very big. But it requires patience. Set it and go away.
I enjoy the lower time frames too and am researching other strategies for them. But this one is slow. It can take weeks for one trade to play out. But it can be several hundred pips for very little risk.
So good luck.
This is a 1 minute strategy that is under development for a robot. I learn a lot about the price action by studying and trying to develop robots.
http://www.forexfactory.com/showthread.php?t=321860

PAMHO??? Please accept my humble obeisances????????
all averages, it is posted on the first page...

This is the day chart so trades can take weeks or even months..
This is some good progress.
Both these pairs are locked in for no risk at all.
1/3 of the position was closed at 1/2 ATR
another 1/3 was closed at 1 Atr
Now the remaining 3rd is being trailed at 2 ATR.
Either stopped out or exit on opposite signal.

progress
trailing at 2 ATR