A "new" simple system based on MA

Hi to all !

Thank you for your answers. As you (Dragon) are a faithful follower :-) I will take your choice in consideration as it is confirmed by another member. So I will launch it very soon, as soon as I will find an MT4 programmer....because this system (1hour system) is really programmable. SO it is worth it I think.

Hello

Today is the ECOFIN Meetings. I think that's why the market is very quiet. I only enter to the market one time. 0 pips.



Regards,
Dragon.

Thanks hmaoui, i'm really looking forward to the new thread

here are my 2 trades from today:


24 pips in about 15 minutes - i still love this system..

Hello

I made one trade today. +37 pips



Regards,
Dragon

Hello

As you know, in this system is very important to trade only when the EMA's have a good slope. The problem that I see is when all the move had not occured, sometime it's quite difficult to identify if the slope of the EMA's are good or not.

I searched a little and I found and indicator that tells you the slope of an EMA. You can see it attached in my last trade. When there is not slope it paints black bars, and when it has good slope it paints in blue or red bars.

I use it with 60 EMA, it is the EMA that tell you the trend, with a angletreshold = 0.13

I hope it can be helpful.

Best regards,
Dragon

First of all, thanks for sharing your idea. Would you mind to share your template as well

Here is my template

In this template you will see and EMA_Angle for 12, 30 and 60 EMA. You can delete 12 and 30 if you wish because we can say that if 60 EMA has a good slope, then 12 and 30 EMA will have a good slope too.

Regards,
Dragon

hi hmaoui,
thanks for your system - it gave another little step to support my tradingsystem. Because of you and to support you in mind i just signed on, but reading here a lot. Hope to see your new 1 hour-system soon.
Everybody worked here well together and tried to help each other, so i will try to do the same. I rewrote another indicator, perhaps it helps us/you (when you work fulltime trading) or some others.
The indicator works - just still under evalution, but i will attach it.
Indicator shows different pairs, the relativ high-low today to ATR(10) (this will show you the pair which have a high potential, if the percentage is low
and the relation of time) 3 emas and the close in different timeframes

hmaoui system would be slow=60, middle=30, fast=12 and zero is the close/last

ATR_currentDAy percentage of ATR_Day(period) |
//|
//| Example: long
//| Middle > Slow:
//| Fast > Middle AND Zero > Fast
//| Arrow: Up, Color(up1): Blue
//| Fast > Middle AND Zero < Fast
//| Arrow: Up, Color(up2): DeepSkyBlue Blue
//| Fast < Middle AND both > SLow
//| Arrow: 45degreeUp, Color(wup): Blue
//| Fast < Slow but still Middle > Slow
//| Arrow: flat, Color(nosignal): LightGray

if you want to change the "pairstotrade" not manually, just go into the code and change the line into (it is even prepared in the code) or "copy & paste"
//extern string PairsToTrade = "AUDCAD,AUDCHF,AUDNZD,AUDJPY,AUDUSD,CADCHF,CADJPY,CHFJPY,EURAUD,EURCAD,EURCHF,EURGBP,EURNZD,EURJPY,EURUSD,GBPCHF,GBPJPY,GBPUSD,NZDUSD,NZDJPY,USDCAD,USDCHF,USDJPY";

regards
Opips

perhaps it helps somebody.
you can move the stochastic into the dmi windows in metatrader,so you have both together in ONE window and you will see very fast and easy, when stoch is extreme and direction of dmi match together

greetings

opips

@frank - fwoodley

the mtf stochastic i used in post 689

regards

opips

Hi How do you put this Stochastic inside the DMI?

open the navigator window(folder custom indicator), move the indi from that folder/window with pressed mouse button into the dmi window of your chart.
Hope you understand my expression - otherwise metatrader help file.

Regards

opips

and a picture of the indicator ema trend display incl. atr

Not sure if anybody really follows this thread anymore, but I just took a couple trades. +12 on the first one, +1 on the second, stalled too quickly for me so I got out.

And an EU sell for 10 pips.

I really enjoy this method. I wasn't watching so didn't do any trading, but AU had a bunch of great trades on it as well.

Thanks Hamoui

I like this system but haven't had much time recently to retry to make the last EA work properly i am pretty sure the logic wasn't correct.

I am interested in the the higher timeframe so pm me with details if you would like my input.

Mike

Hello,

You can try my 1hr TF system named 1hr lebanon system. I named it lebanon system as it has been built with the help of one lebanon friend who was a professionnal trader in London few years ago !

And of course it is FREE KNOWLEDGE !!!!

You are welcome to build an EA !

Hi All, I gather that most of us here are trading with moving averages, im new to forex and am still trading on demo, however i thought i may aswell add my view.
It would be great to hear from anyone with recommendations for me, e.g. when this is more likely to work or when i should not trade this! or other things i should factor in.

There are a few more rules, but simply put, I wait for hourly, 4hourly and daily to agree on trend direction, i then switch to 5m chart and trade when the price touches the 50eMA, expecting it to bounce off, my TP and SL is 20 pip, so far it seems to be working, the following chart is from yesterday, today doesnt seem to have any setups? maybe you guys know why that is? my only thought is thanksgiving, who knows?
The red arrows is a set up to go short, out of the 16 shown, 12 are win 4 are loss. The pink line is just an indication to show 20pip, hope i explained properly and graph comes out well.
Thanks rob.

P.S great thread so far

Using the original system there were lots of good setups. But yes, US market is closed today so should be quiet.

About your system, what do you use to guage that 1/4/24 hour trends agree? Why the 50 EMA? And what qualified as a bounce? On the chart you posted, it looks like price just crosses back and forth over the line with no real direction. Also, I'd prefer to use a 7 pip stop over a 20 pip stop anytime. You could average 2 losses per win (if you aim only for 14 pips per trade), and still come out ahead. 20 pip stops are large in my opinion and indicate a lack of precision that I think is important, not only for your account, but for your confidence.

Not trying to be an ass, just curious as to how you arrived at your system. I'm not sure I completely understand it because I only see a couple actual "bounces", but you have a bunch of trades posted (I assume the red dot).

Maybe you could see if you can just place your stop above the entry candle that "bounces". Probably cut down on your win ratio slightly, but in the long run, it will ensure smaller losses. And even doing that, it seems that most trades were winners with that tight stop.

Also another perfect trade setup in my eyes that I took. I used a 3 pip stop for this and closed at +15 after the first red candle showed up. 5 x Reward to Risk. So much confidence in trading when you can trade with such a small stop - 3 pips! I could have 7 trades in a row go bad and still equal only 1 bad stop out on a 20 pip stop system. There was a perfect outside bar reversal, low stochastics, DMI trend still intact.

Another EU sell for 10 pips.

And tried again, but got out at BE because it didn't move the way I liked. They don't all win, but my stop started at -5, moved to BE after +3 pips because either its going to keep going or its not a trade i want to be in.

That's the beauty in my mind... you're buying/selling the pullback. If you do it right, that's the top/bottom and price will only move in your favor. So I just move my stop to BE as soon as possible, because usually if I didn't find the top/bottom of the pullback, and the price goes against me, it means I chose wrong and its reversing its direciton. I don't care if it goes against me 6 pips and then back and ends up being a winning trade even though I got out of it... there's plenty of more setups and taking BEs saves me plenty over time.