Open/close cross | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Open: Button, Close: MA Cross 14 replies

5min open/close ma cross 39 replies

Royal Cross/Fresh Cross 7 replies

Seeking Correct Open/Close - It's Close but ... 0 replies

Alert for Ema Open-Close Cross 0 replies

Attachments: Open/close cross
Exit Attachments

Open/close cross

  • #21
  • Nov 23, 2011 4:03pm Nov 23, 2011 4:03pm
added shorts..
EU and GU

closed 1/3 EU at 1/2 ATR
stop is be (+5)
closed 1/3 EU at 1 ATR
will trail at 2 ATR

closed 1/3 GU at 1/2 ATR
stop moved to be (+5)

now all the trades are locked in. So no risk, no anxiety...
Attached Image (click to enlarge)
Click to Enlarge Name: added.gif Size: 74 KB
  • #22
  • Nov 23, 2011 11:09pm Nov 23, 2011 11:09pm
Dear Jiva,

Quoting jiva34
added shorts..
EU and GU

closed 1/3 EU at 1/2 ATR
stop is be (+5)
closed 1/3 EU at 1 ATR
will trail at 2 ATR

closed 1/3 GU at 1/2 ATR
stop moved to be (+5)

now all the trades are locked in. So no risk, no anxiety...
Thanks for sharing the progress of the trades. Here are some simple enquiries:

 

  1. There are 3 down arrows on the EU chart. Would you take the first two?
  2. Do you have an EA to automate the 3-portion trade management, or you place price alerts and do it manually? What if the price hits in the middle of the night?
  3. When you see a signal, do you sometimes wait for retrace before entering? I ask this because GU actually retraced back to the LSMA. Or you will always enter on market on the open, and use the 1x ATR stop to ride out any retrace if any?
  4. What are the pairs that you trade?

Thank you!

  • #23
  • Nov 24, 2011 1:03am Nov 24, 2011 1:03am
Quoting zeropoint
Dear Jiva,



Thanks for sharing the progress of the trades. Here are some simple enquiries:
[list=1][*]There are 3 down arrows on the EU chart. Would you take the first two?[*]Do you have an EA to automate the 3-portion trade management, or you place price alerts and do it manually? What if the price hits in the middle of the night?[*]When you see a signal, do you sometimes wait for retrace before entering? I ask this because GU actually retraced back to the LSMA. Or you will always enter on market on the open, and use the 1x ATR stop to...

  1. >>>There are 3 down arrows on the EU chart. Would you take the first two?<<<



It's a very simple strategy and works quite well. there are some nuances but even without getting into them, it is a good way.

to answer your questions..

I use another template to act as a filter. Actually they complement each other.

But even just sticking to only one template it works just fine. Although there may a few more bad trades. Over all it will still be profitable.


the 1st arrow I would not have gone short. the other template shows a buy signal. But I would not have gone long either. They are conflicting.


the 2nd and 3rd entries would have been just fine. No conflicts.


I entered after the trend had been going on for some time, so the entry was below support after a cross just to make sure there was going to be some continuation. Nothing is certain so the stops are there just in case.
I could have entered short at the open of candle after the signal but instead I placed a sell order below support and it was filled during the day.

Attached Image (click to enlarge)
Click to Enlarge Name: 1a.png Size: 204 KB
  • #24
  • Nov 24, 2011 1:16am Nov 24, 2011 1:16am
What are the rules for re-entering a position? Doing a backtest, you would have been stopped out of your long E/U position in early/mid February. The E/U picked back up and by April it was over a 1000 pips higher than when stopped out but no other buy signal was given.
  • #25
  • Nov 24, 2011 1:19am Nov 24, 2011 1:19am
Quoting zeropoint
Dear Jiva,



Thanks for sharing the progress of the trades. Here are some simple enquiries:
[list=1][*]There are 3 down arrows on the EU chart. Would you take the first two?[*]Do you have an EA to automate the 3-portion trade management, or you place price alerts and do it manually? What if the price hits in the middle of the night?[*]When you see a signal, do you sometimes wait for retrace before entering? I ask this because GU actually retraced back to the LSMA. Or you will always enter on market on the open, and use the 1x ATR stop to...
>>>Do you have an EA to automate the 3-portion trade management, or you place price alerts and do it manually? What if the price hits in the middle of the night?<<<

Working on an ea at present. would like to set up an ea to trade lower time frame.

It hits. If a trade is opened risk is managed with stops and limits.

If trades are waiting to open with pending orders then they will open automatically.
  • #26
  • Nov 24, 2011 1:23am Nov 24, 2011 1:23am
Quoting zeropoint
Dear Jiva,



Thanks for sharing the progress of the trades. Here are some simple enquiries:
[list=1][*]There are 3 down arrows on the EU chart. Would you take the first two?[*]Do you have an EA to automate the 3-portion trade management, or you place price alerts and do it manually? What if the price hits in the middle of the night?[*]When you see a signal, do you sometimes wait for retrace before entering? I ask this because GU actually retraced back to the LSMA. Or you will always enter on market on the open, and use the 1x ATR stop to...
>>>When you see a signal, do you sometimes wait for retrace before entering? I ask this because GU actually retraced back to the LSMA. Or you will always enter on market on the open, and use the 1x ATR stop to ride out any retrace if any?<<<

I may place a pending order on the other side of support for a short or resistance for along if the trend has been underway for a while. which is what happened with GU and also EU.
  • #27
  • Nov 24, 2011 1:25am Nov 24, 2011 1:25am
Quoting zeropoint
Dear Jiva,



Thanks for sharing the progress of the trades. Here are some simple enquiries:
[list=1][*]There are 3 down arrows on the EU chart. Would you take the first two?[*]Do you have an EA to automate the 3-portion trade management, or you place price alerts and do it manually? What if the price hits in the middle of the night?[*]When you see a signal, do you sometimes wait for retrace before entering? I ask this because GU actually retraced back to the LSMA. Or you will always enter on market on the open, and use the 1x ATR stop to...
>>>What are the pairs that you trade?<<<

I'll trade anything that trends nicely. EU, GU, AU, AJ, EJ,.....have been good.
  • #28
  • Nov 24, 2011 1:35am Nov 24, 2011 1:35am
Quoting ForexIdiot
What are the rules for re-entering a position? Doing a backtest, you would have been stopped out of your long E/U position in early/mid February. The E/U picked back up and by April it was over a 1000 pips higher than when stopped out but no other buy signal was given.
Using the 2 templates helps..
looks like there would have been several entries and exits along the way...
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 57 KB
  • #29
  • Nov 24, 2011 6:52am Nov 24, 2011 6:52am
Possible short trade on the U/J setting up? Let's see if we get that MA cross this evening.
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.jpg Size: 87 KB
  • #30
  • Nov 24, 2011 6:56am Nov 24, 2011 6:56am
Quoting jiva34
Using the 2 templates helps..
looks like there would have been several entries and exits along the way...
Thanks, Jiva. Question: what indicators are you running on your second template, seeing as they are both in daily charts?
  • #31
  • Nov 24, 2011 7:13am Nov 24, 2011 7:13am
Quoting ForexIdiot
Possible short trade on the U/J setting up? Let's see if we get that MA cross this evening.
UJ a tough one. All the BOJ intervention..
I don't see a clear entry setting up for this one.
May have to wait until after the holiday. Lot of people already gone out of town for the holidays.

I expect the market in general to kind of float around here and there but not really go anywhere until maybe next week.
  • #32
  • Nov 24, 2011 7:18am Nov 24, 2011 7:18am
Quoting ForexIdiot
Thanks, Jiva. Question: what indicators are you running on your second template, seeing as they are both in daily charts?
I'll update the first page.
  • #33
  • Nov 24, 2011 7:29am Nov 24, 2011 7:29am
I hear what you're saying. If the signal does pan out, I might just take it anyway in a test account. Just to check the system's reaction to news.

Quoting jiva34
UJ a tough one. All the BOJ intervention..
I don't see a clear entry setting up for this one.
May have to wait until after the holiday. Lot of people already gone out of town for the holidays.

I expect the market in general to kind of float around here and there but not really go anywhere until maybe next week.
  • #34
  • Nov 24, 2011 7:29am Nov 24, 2011 7:29am
TY, Jiva. Much appreciated.

Quoting jiva34
I'll update the first page.
  • #35
  • Edited 8:29am Nov 24, 2011 7:31am | Edited 8:29am
Quoting ForexIdiot
TY, Jiva. Much appreciated.
Updated first page.
  • #36
  • Nov 28, 2011 11:05pm Nov 28, 2011 11:05pm
This is how AUDJPY played out.
Pretty safe strategy. All it has to do is move 1/2 ATR and profit is locked in.
There are other ways to do it that bring in greater gains but with that comes more risk.
Attached Image (click to enlarge)
Click to Enlarge Name: exit.gif Size: 61 KB
  • #37
  • Nov 29, 2011 3:33am Nov 29, 2011 3:33am
4 new positions..
long the arrows didn't appear for EU and GU but a cross was there at candle open..
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 77 KB
  • #38
  • Nov 29, 2011 5:35am Nov 29, 2011 5:35am
Quoting jiva34
Day chart

21 sma open,
21 sma close

21 lsma for trend

cross down enter short trade with lsma trend

cross up enter long trade with lsma trend

stop = 1 ATR

close 1/3 at +1/2 ATR
move stop to Breakeven profit +5 pips

close 1/3 at +1 ATR

trail stop at 2 ATR for remaining 1/3.

exit stopped out or new signal in opposite direction.

I use .5% of balance per position. No more than 2% at risk total.

Am attaching a training program for practicing simulated trades.

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

I...

Hi,
thanks for the system. I loaded the last template(http://www.forexfactory.com/images/attach/tpl.gif wm1.tpl) but its was just blank without any indicator on it? But the other one was working.......
What do i need to do regarding the other template thats not coming up except for just candlestick.....

Ayour2a
  • #39
  • Nov 29, 2011 6:23am Nov 29, 2011 6:23am
Quoting ayour2a
Hi,
thanks for the system. I loaded the last template(http://www.forexfactory.com/images/attach/tpl.gif wm1.tpl) but its was just blank without any indicator on it? But the other one was working.......
What do i need to do regarding the other template thats not coming up except for just candlestick.....

Ayour2a
there are 2 indicators that need to be put in the indicator folder for mt4.
they are there on the 1st page...
  • #40
  • Nov 29, 2011 8:24am Nov 29, 2011 8:24am
AUDCAD 1/3 position hit 1st tgt 1/2 ATR and then dropped back 2/3 position to stop out at BE +5.
So that trade is finished.
I don't trade on mt4, I use mt4 for illustration and testing.
Attached Image (click to enlarge)
Click to Enlarge Name: ac.gif Size: 38 KB
0 traders viewing now