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Yet another moving average crossover system

  • #901
  • Edited 8:40pm Nov 16, 2011 7:18pm | Edited 8:40pm
Hi,

Today I share with you a new EA that I have developed that move the SL at a fixed distance from a moving average.

The default values ​​correspond to the EMA 8 and the SL will always be to a default distance of 10 pips.

parameters:
MA (Default 8)
OFFSET (Default 0)
METHOD (0:sma, 1:ema, 2:smma, 3:lwma)
APPLY_TO (0:close, 1:open, 2:high, 3:low, 4:median, 5:typical, 6:weighted)
TF (Time Frame in minutes to calculate Moving Average)
DISTANCE (Distance of SL in pips from MA)

With this tool you can rest assured that if the price (EMA 1) is returned and crosses the EMA 8, the order will be closed for SL, for or against.

You can continue running the order manually, ie, close the order when you want or stop EA when you want. The only thing EA does is move the SL by the MA.

I welcome your comments.

Note: you must open the order as it does now, manually. EA then it does is move the SL at a distance from the MA, either up or down, as she moves.
Attached File(s)
File Type: ex4 MA_TS.ex4   4 KB | 457 downloads
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  • #902
  • Nov 16, 2011 7:38pm Nov 16, 2011 7:38pm
Quoting lawgirl21
Lehman and Dutchsignals....both excellent suggestions for stops and TPs. Between the two or you, you said pretty much all that needs to be said. Thanks!
I love these wonderfully clean and uncluttered charts but I am liking Dutchsignals idea of using a stochastic for easy-peasy SL and TP levels (post #70), combined with Lehman's idea of using 2 TP levels for quick gratification combined with the ability to grab additional pips off of the bigger moves in a loss-free trade situation (post #69).

My question is, can anyone give me any ideas as to what to set the parameters at for the stochastic in regard to using it in conjunction with this method as Dutchsignals suggested in post 70?
  • #903
  • Nov 16, 2011 8:55pm Nov 16, 2011 8:55pm
hey mate...could you please direct me to that post please..coz i trade only 1 minute...




Quoting iggyboo
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 threads 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...
  • #904
  • Nov 16, 2011 9:06pm Nov 16, 2011 9:06pm
Quoting maudur
Hi,

Today I share with you a new EA that I have developed that move the SL at a fixed distance from a moving average.

...
Excuses, the previous version published always calculates MA on current timeframe, this version does as the parameter TF. For example, you detect an entry in H1 and confirm entry with M15, but you want SL to be calculated based on the MA in H1. In that case you should select TF to 60 which corresponds to 60 minutes or 1 hour.

When the price crosses the MA in H1 over the distance given as a parameter, the order will be closed by SL winning or losing depends on how advanced the order.
Attached File(s)
File Type: ex4 MA_TS.ex4   4 KB | 429 downloads
Enter Signature
  • #905
  • Nov 16, 2011 9:15pm Nov 16, 2011 9:15pm
Next is an example of use MA_TS.

Watch as SL is equal to EMA 8. In this case the parameters are:

MA: 8
OFFSET: 0
METHOD: 1 (EMA)
APPLY_TO: 0 (CLOSE)
TF: 60
DISTANCE: 0 (SL equal to EMA)

If you move to M15 chart, SL continues to move about the MA in H1.
Attached Image
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  • #906
  • Nov 16, 2011 9:25pm Nov 16, 2011 9:25pm
Quoting maudur
Next is an example of use MA_TS.

Watch as SL is equal to EMA 8. In this case the parameters are:

MA: 8
OFFSET: 0
METHOD: 1 (EMA)
APPLY_TO: 0 (CLOSE)
TF: 60
DISTANCE: 0 (SL equal to EMA)

If you move to M15 chart, SL continues to move about the MA in H1.
Same chart in M15.
Attached Image
Enter Signature
  • #907
  • Nov 16, 2011 9:37pm Nov 16, 2011 9:37pm
Quoting forexpippy
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?
first of all thanks for ur time
u gave us regular FILE instant of TPL file thats why when i am trying to put and open platform i cant see ur file
or may be i am doing something wrong
  • #908
  • Nov 16, 2011 9:52pm Nov 16, 2011 9:52pm
hello LG thank you for this wonderful system...

I just have some questions if u dont mind about the entries.

im goona be working on 15 and 1 hour charts..

should i look for the cross of 3/8 on the 1 hour chart then come to the 15 minute and look for the same cross right?

but most of the time 15 minutes crosses way before the 1 hour what should i do...please confirm thanks
  • #909
  • Nov 16, 2011 10:40pm Nov 16, 2011 10:40pm
Quoting georgecv87
hey mate...could you please direct me to that post please..coz i trade only 1 minute...
Oh my goodness, I didn't make a note of the post number in my notes although if memory servers it was around the first week of the month (November) ... for some reason November 4th comes to mind but I could be mistaken on that. If I get some time I'll see if I can wade back through and find it for you and update this post with the info ...
  • #910
  • Nov 16, 2011 11:01pm Nov 16, 2011 11:01pm
thanks for the reply mate...much apprciated//
can u tell about the entries for me please...i see a cross on 1hour and i go back to 15min and see the cross was already made should i wait for another cross on the same direction to take the trade or i should enter right away?

Quoting iggyboo
Oh my goodness, I didn't make a note of the post number in my notes although if memory servers it was around the first week of the month (November) ... for some reason November 4th comes to mind but I could be mistaken on that. If I get some time I'll see if I can wade back through and find it for you and update this post with the info ...
  • #911
  • Nov 16, 2011 11:17pm Nov 16, 2011 11:17pm
Quoting georgecv87
thanks for the reply mate...much apprciated//
can u tell about the entries for me please...i see a cross on 1hour and i go back to 15min and see the cross was already made should i wait for another cross on the same direction to take the trade or i should enter right away?
From my notes taken from posts in this thread ...

Quote
Yes, everything you need is on the first page ... although the volatility of the market these days we are not strictly sticking with direction dictated by the 200 MA ... more of what PA is doing and angles of the MAs.
Quote
What I meant by looking for the cross on the H1 chart and confirming on the M15 is, if the M15 is still heading in the desired direction we have our confirmation of the trade. If it is not, we would not enter the trade at that time.
Quote
Keep observing the 15 minute period chart. As soon as I see the cross I keep a close eye all the way till the end of that period. Then at the end of that particular 15 minute period I draw a line that represents the level of the golden SMMA at that point of time (that should be the entry point as well).
I suggest starting at the beginning (post #1) and read through the entire thread, looking at the charts that have been posted and taking your time to do the research necessary to get a handle on this system. That's what I'm in the process of doing right now myself ...
  • #912
  • Nov 17, 2011 2:51am Nov 17, 2011 2:51am
Quoting maudur

When the price crosses the MA in H1 over the distance given as a parameter, the order will be closed by SL winning or losing depends on how advanced the order.

Thanks! Very nice.

Maybe you can add an option where TP can also be set automatically, say at 20 pips, or maybe like this one, relative to the movement of 3ema or 8ema too?

Much appreciated.


Btw, just noticed I used the TF 60, but somehow SL is being set at the 8EMA of H4?
  • #913
  • Nov 17, 2011 3:03am Nov 17, 2011 3:03am
Quoting romio
first of all thanks for ur time
u gave us regular FILE instant of TPL file thats why when i am trying to put and open platform i cant see ur file
or may be i am doing something wrong
1. Click on the file I attached to my post and download it to your computer (it's a TPL file, not a regular file).
2. Go to Charts -> Template -> Load Template... on MT4
3. Navigate to where you saved my tpl file. Select it.

I tend to save them to my templates folder in MT4.
  • #914
  • Nov 17, 2011 3:10am Nov 17, 2011 3:10am
Quoting iamnoel
Thanks! Very nice.

Maybe you can add an option where TP can also be set automatically, say at 20 pips, or maybe like this one, relative to the movement of 3ema or 8ema too?

Much appreciated.


Btw, just noticed I used the TF 60, but somehow SL is being set at the 8EMA of H4?
iamnoel, the only purpose of this EA is to make a dynamic trailing stop the orders on your open hand. You also decide manually according to your strategy where to Close an Order.

MA is calculated in the TF given as parameter. Remember there is a parameter called DISTANCE which corresponds to a delta from the MA.

Thanks and I hope I have clarified your concerns.
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  • #915
  • Nov 17, 2011 3:20am Nov 17, 2011 3:20am
Quoting maudur
iamnoel, the only purpose of this EA is to make a dynamic trailing stop the orders on your open hand. You also decide manually according to your strategy where to Close an Order.

MA is calculated in the TF given as parameter. Remember there is a parameter called DISTANCE which corresponds to a delta from the MA.

Thanks and I hope I have clarified your concerns.

Yup, I got it.

What I meant was the dynamic SL is following the 8ema of H4. I used the default setting which is H1.

Or, was it H1 8ema + 10 pips. It just so happened that the value equals the 8ema of H4 maybe?
  • #916
  • Nov 17, 2011 3:30am Nov 17, 2011 3:30am
Quoting iamnoel
Yup, I got it.

What I meant was the dynamic SL is following the 8ema of H4. ....
I don't understand. I didn't write it.

This EA dynamically modifies the SL so that always go to a fixed DISTANCE from the MA in the TF that you enter as a parameter.
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  • #917
  • Nov 17, 2011 6:17am Nov 17, 2011 6:17am
I'm long in EURUSD, and managing trailing stop with MA_TS on EMA 8 in H1 + 10 pips of DISTANCE.
Attached Image
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  • #918
  • Nov 17, 2011 6:56am Nov 17, 2011 6:56am
Quoting maudur
I'm long in EURUSD, and managing trailing stop with MA_TS on EMA 8 in H1 + 10 pips of DISTANCE.
I'm waiting to go long until the MAs clear that Asian consolidation area.
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  • #919
  • Nov 17, 2011 7:11am Nov 17, 2011 7:11am
Quoting lawgirl21
I'm waiting to go long until the MAs clear that Asian consolidation area.
Good luck! It was tricky trading London open today. I had 2 losers and a winner. Total of 2.5% loss.

Lots of nice crosses on all TFs, followed swiftly by re-crosses!
  • #920
  • Nov 17, 2011 2:27pm Nov 17, 2011 2:27pm
Quoting forexpippy
Good luck! It was tricky trading London open today. I had 2 losers and a winner. Total of 2.5% loss.

Lots of nice crosses on all TFs, followed swiftly by re-crosses!
Glad I'm not the only one that thought so, both the Asian and London sessions were tough. Wound up just staying out which - this time around - actually turned out to be a good thing.

It seems to get tougher to trade the later in the week we get lately ...
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