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Yet another moving average crossover system

  • #881
  • Nov 16, 2011 3:21am Nov 16, 2011 3:21am
My morning trades........

EURUSD and AUDUSD

Absolute text book set ups (as they seem to be most mornings ha ha!).

Entered with 11 pip SL on each (about 0.7% of account balance) and TP of 18 pips (about 1.25% of account balance).

Both hit TP very quickly and I'm done for the day. 2.5% increase in account balance.
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  • #882
  • Nov 16, 2011 3:33am Nov 16, 2011 3:33am
Dear lawgirl21 Do you have a longer-term results?

from 100 hundred trades,whatwas win/loss?

Can you show of this system,results?
  • #883
  • Nov 16, 2011 6:18am Nov 16, 2011 6:18am
Next time I've got a spare few hours, I'm going to turn on the candles (with the 3/8 EMAs in view) and save M30 and M5 chart screenshots for the last 12 months (eugh!).

I'll print them out at work and manually backtest them in conjunction with a couple of sets of rules, marking on the charts where entry and exit would have been on the basis of those rules.

I'm hoping there is one method with is clearly more profitable than the others, and then I'll focus on that.

I'll be looking at:

Entry:

Where 3/8 EMAs cross (even if inside the Asian range)
Where 3/8 EMAs BO of Asian range
Waiting for pullback and recross of 3/8 EMAs after BO

Exit:

Fixed TP
Exit based on further 3/8 EMA recross
Jumping stops


No idea how successful or useful this exercise will be
  • #884
  • Nov 16, 2011 6:38am Nov 16, 2011 6:38am
Missed most of yesterday and this morning's trading. I like your strategy using LG's concept and your Asian break out. Very simple and efficient by the look of it - well done. Do you allow or take into consideration if the setup is counter trend? Good luck with the back testing!!
Regards
  • #885
  • Nov 16, 2011 7:48am Nov 16, 2011 7:48am
Quoting Malinbeg
Missed most of yesterday and this morning's trading. I like your strategy using LG's concept and your Asian break out. Very simple and efficient by the look of it - well done. Do you allow or take into consideration if the setup is counter trend? Good luck with the back testing!!
Regards
Hi Malinbeg.

Yes, as I mentioned in my strategy post earlier, the initial BO on London open tends to be pretty random, so i try to avoid a directional bias until I've spotted a BO. So even if the BO is counter-trend I will happily trade it.

This seems to work because I have smaller profit targets and there is sufficient volatility in the markets at the moment. Clearly, if you're aiming for the longer runs then greater consideration needs to be given the the exiting trend.
  • #886
  • Nov 16, 2011 9:43am Nov 16, 2011 9:43am
Forexpippy, do you use 3 and 8 exponential movings or 3 and 8 smoothed? Thank you,
  • #887
  • Nov 16, 2011 9:54am Nov 16, 2011 9:54am
Quoting lite27
Forexpippy, do you use 3 and 8 exponential movings or 3 and 8 smoothed? Thank you,
Hi Lite.

All my posts refer to EMA which is Exponential Moving Average, that's what I'm using.

I find it better for the type of crosses I'm looking to catch (e.g. short powerful moves at market opens, where I need quicker confirmation).
  • #888
  • Nov 16, 2011 10:28am Nov 16, 2011 10:28am
Quoting forexpippy
My morning trades........

EURUSD and AUDUSD

Absolute text book set ups (as they seem to be most mornings ha ha!).

Entered with 11 pip SL on each (about 0.7% of account balance) and TP of 18 pips (about 1.25% of account balance).

Both hit TP very quickly and I'm done for the day. 2.5% increase in account balance.
i was keep trying to get same colours on the chart but i cant and give up can u pls give me ur template if u dont mind thanks in advance
  • #889
  • Nov 16, 2011 10:31am Nov 16, 2011 10:31am
Most pairs seem to be resting and re-grouping (consolidating)...getting ready for more decisive moves again, I hope.
Attached Images
  • #890
  • Edited 10:55am Nov 16, 2011 10:36am | Edited 10:55am
Quoting romio
i was keep trying to get same colours on the chart but i cant and give up can u pls give me ur template if u dont mind thanks in advance
Really?

It's grey, blue and gold. 30 seconds of actually trying to change the colours yourself would have led to the same screen.

However, in the interests of "community spirit", here is my template (which took considerably longer than 30 seconds to post here from my VPS via my iphone)

Attached File(s)
File Type: tpl ....tpl   21 KB | 525 downloads
  • #891
  • Nov 16, 2011 10:37am Nov 16, 2011 10:37am
Quoting Doncex
Dear lawgirl21 Do you have a longer-term results?

from 100 hundred trades,whatwas win/loss?

Can you show of this system,results?
Sorry, Doncex. I don't keep those stats...I look only at the bottom line. I did that when I first started trading, but found that it took too much time from trading and was not productive for me.
  • #892
  • Nov 16, 2011 12:05pm Nov 16, 2011 12:05pm
Quoting forexpippy
Really?

It's grey, blue and gold. 30 seconds of actually trying to change the colours yourself would have led to the same screen.

However, in the interests of "community spirit", here is my template (which took considerably longer than 30 seconds to post here from my VPS via my iphone)

thanks but ur file is not correct
  • #893
  • Nov 16, 2011 12:29pm Nov 16, 2011 12:29pm
Quoting romio
thanks but ur file is not correct
That's the template I use.

I just loaded it up onto a fresh platform to check if it worked. It did. the colours are the same -grey background with gold and blue 3/8 EMA's and a black 200 EMA.

Can you describe what doesn't appear to be working?
  • #894
  • Nov 16, 2011 6:14pm Nov 16, 2011 6:14pm
Quoting lawgirl21
Most pairs seem to be resting and re-grouping (consolidating)...getting ready for more decisive moves again, I hope.

Hi, what are the values of the white and purple MA's?

One of them is 200EMA I believe ...
  • #895
  • Nov 16, 2011 6:20pm Nov 16, 2011 6:20pm
Quoting iamnoel
Hi, what are the values of the white and purple MA's?

One of them is 200EMA I believe ...
Might be a good idea to read the thread which would save a lot of peoples time in answering questions. If you are really pressed for time try the first post.
  • #896
  • Edited 7:00pm Nov 16, 2011 6:46pm | Edited 7:00pm
Quoting Jollyroger
Might be a good idea to read the thread which would save a lot of peoples time in answering questions. If you are really pressed for time try the first post.
Quoting lawgirl21

Finishing setting up the trading chart.

To the blank chart with the 200 EMA add the following Smoothed MAs:

---3 Smoothed MA/close/0 shift = gold
---8 SmoothedMA/close/0 shift = purple

This is what is in the FIRST POST. I only see 3 MA's being mentioned?

Do you know what the fourth one is?
  • #897
  • Nov 16, 2011 6:57pm Nov 16, 2011 6:57pm
Quoting iamnoel
This is what is in the FIRST POST. I only see 3 MA's being mentioned?

Do you know what the fourth one is?
1. white = 200EMA
2. purple = 8 EMA (I am using exponential instead of smoothed, but it really makes little difference.)
3. gold = 3 EMA
4. optional pink = 50 EMA
  • #898
  • Nov 16, 2011 7:01pm Nov 16, 2011 7:01pm
Quoting lawgirl21
1. white = 200EMA
2. purple = 8 EMA (I am using exponential instead of smoothed, but it really makes little difference.)
3. gold = 3 EMA
4. optional pink = 50 EMA

Thanks a lot!
  • #899
  • Nov 16, 2011 7:42pm Nov 16, 2011 7:42pm
Hi Lawgirl and fellow traders,

Thank you for an easy, and that's putting it lightly, system. But I've always been told, if it's too good to be true, it is. I'm just getting back into trading after a small hiatus after switching brokers.
Anyway, I read the first few pages and think i got the jest, but now i'm wondering how things are going? Is the system still brining in positive pips or has it stalled?

Looking forward to following,

FKF
  • #900
  • Edited Nov 17, 2011 12:34am Nov 16, 2011 9:16pm | Edited Nov 17, 2011 12:34am
I admit, I just got through reading the entire thread and my head's swimming with all the info as I'm trying to get a handle on things.

I have a questions for lawgirl using this method for scalping cuz I just love to scalp those trades ...

What really caught my eye were your earlier posts where you were using this method to scalp a week or so ago using the M5 and M1 charts ... my question is, which lower time frame chart did you use to look for the setups and entries, M15 or just the M5? Did you use the M1 for confirmation or also setups and entry points?

In other words, did you make your entry off of the M5 chart or a higher time frame when scalping, and which time frame (if any) did you use for confirmation?

Thanks in advance ...

UPDATE: Never mind LG, no need to respond, I found the answer to my question in one of your previous posts after reading through my notes some more.
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