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Dancing with EMA

Quoting zebulon
Thanks !!

For me, the highest price on december 21 is 1.3197. Brokers are different, prices are different...
That is one hell of a "difference", especially as everything else has lined up to the "t".!! I am using a futures broker trading 6E.
zebulon, on all the trades after the first one...if the price keeps touching the 50 ema do you only place one trade? Or can you place a trade for each touch that is 80 pips away from the original if you didn't catch the first one? Because on the eur/usd price recently has touched the 50 ema about 9 times. So i imagine you place only one until the next one but if you missed on the touch you could get in on the next touch if it happens right away and you still follow the rules.
Quoting Fair Dinkum
That is one hell of a "difference", especially as everything else has lined up to the "t".!! I am using a futures broker trading 6E.
As you can see, for me the price didn't reach 1.3200 after the sell at 1.3120
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Quoting ferndog
zebulon, on all the trades after the first one...if the price keeps touching the 50 ema do you only place one trade? Or can you place a trade for each touch that is 80 pips away from the original if you didn't catch the first one? Because on the eur/usd price recently has touched the 50 ema about 9 times. So i imagine you place only one until the next one but if you missed on the touch you could get in on the next touch if it happens right away and you still follow the rules.
Yes, only one trade per level and each level is at least 80 pips away from another level. If you didn't catch the first one, you can place a trade at another touch or at a better price if it is possible...
  • Post #85
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  • Edited 3:05pm Dec 23, 2011 2:41pm | Edited 3:05pm
Quoting zebulon
As you can see, for me the price didn't reach 1.3200 after the sell at 1.3120
Amazing there can be over a 30 pip difference between quote systems or brokers.

So all your work is off a quote system or are you trading sim/real time?

I am going to check with a couple of these spread houses and see what they come up with for that day, after Christmas.

Edit: I figured out what happened.

It seems that the quote system is set to indicate the closing price every four minutes, hence the close at 1.3197, BUT the price spike did actually go through to 1.3224. So if there was an order pending over 1.3197 and up to 1.3224 (stop) it would been filled.

Therefore, you have been stopped out at 1.3220, unfortunately.
Quoting Fair Dinkum
Amazing there can be over a 30 pip difference between quote systems or brokers.

So all your work is off a quote system or are you trading sim/real time?

I am going to check with a couple of these spread houses and see what they come up with for that day, after Christmas.

Edit: I figured out what happened.

It seems that the quote system is set to indicate the closing price every four minutes, hence the close at 1.3197, BUT the price spike did actually go through to 1.3224. So if there was an order pending over 1.3197 and up to 1.3224 (stop)...
No, i can tell you the chart above shows exactly the price and even an pending order at 1.3200 would not have been filled.
I'm working with real time charts.
Interesting,I use almost the same way to trade before.
Quoting zebulon
No, i can tell you the chart above shows exactly the price and even an pending order at 1.3200 would not have been filled.
I'm working with real time charts.
Ok, I just caught up with my French translation of "prix moyens", which means average price. Therefore, I have to assume the close of the bar in question was the AVERAGE of that period, being 1.3197, but in reality, the price WENT through TO 1.3224 .

The truth of the matter, is I was also long ES mini and waited in abated breathe that I was going to get stopped at 1.3233 in my 6E trade in the fast market conditions at the time.I lucked out.

But,that knocked out your "stop" at 1.3220.

Maybe, it could be worth your while to set up a demo account to help with entry and exit points.
hey zebulon

I read about your method and it looks good. to take out some profits we need a second trade that must be at least 100 pip from first entry to get minimum 1 pip right?
Poshcom
hey folks, just watched in the history and count how many trades we had since first week of october till now

GBP/JPY: 9 trades
EUE/JPY: 9 trades
EUR/USD: 11 trades
AUD/USD: 10 trades

all this trades are following the rules. so with a risk of 2% per trade can be interesting results at the end of month
Poshcom
Quoting FelixFX
hey zebulon

I read about your method and it looks good. to take out some profits we need a second trade that must be at least 100 pip from first entry to get minimum 1 pip right?
Yes !!
Nice & simple strategy...sometimes the most effective systems are those that are easy to understand and implement and this system appears to be such. As Zebulon pointed out, the key is PA. Once you understand how the Forex market moves, then it's a matter of using a system which you can understand easily and apply consistently. I've created a PDF which highlights the main points of Zebulon's system and hopefully all of you will find it helpful. Let me know if I've left anything out. Great Job Zebulon! Enjoy.
Attached File(s)
File Type: pdf Four Hour Trading System.pdf   90 KB | 1,816 downloads
Quoting ragu
Nice & simple strategy...sometimes the most effective systems are those that are easy to understand and implement and this system appears to be such. As Zebulon pointed out, the key is PA. Once you understand how the Forex market moves, then it's a matter of using a system which you can understand easily and apply consistently. I've created a PDF which highlights the main points of Zebulon's system and hopefully all of you will find it helpful. Let me know if I've left anything out. Great Job Zebulon! Enjoy.
thanks ragu !!
Quoting zebulon
thanks ragu !!

maybe y van explain about your moneymanagment?
Poshcom
Quoting zebulon
the results :
This looks incredibly promising. Have been experimenting a bit. Actually impressed. But needs something added maybe, but cannot figure out what..
Quoting Vlad.M
This looks incredibly promising. Have been experimenting a bit. Actually impressed. But needs something added maybe, but cannot figure out what..
the only y can add is to take out profits. cant be y see 500 pip with first position and only take the half. maybe take 1/2 or 1/3 out afte we see 500pip?
Poshcom
Hello Zebulon,
thanks for sharing your strategy. I like it because it is simple and it is a trend following one . I did some work and coded it for MetaTrader to do backtests for a longer time period.

That is the result from January 2008 to December 2011 WITHOUT taking care about if we are in a trending market or not. If a candle closes 100 pips or more away from the EMA 50 (H4) a trade is entered and the following trades are entered when the EMA 50 is touched and we are at least 80 pips away from the previous tradeīs entry. The SL is also set as described to 100 pips away from the last tradeīs entry for all trades.
http://www.forexfactory.com/attachme...1&d=1324936463
There are periods where we gain big profit but most is given away again because we entered the market and no trend began.

Now i included the EMA 5 into the EA to take care about whether there is a trend or not. As a rule I defined that the initial market entry (and so the following ones, too) may only be done if the EMA 5 did not cross the EMA 50 for at least 25 candles.
That is the result from January 2008 to December 2011:
http://www.forexfactory.com/attachme...1&d=1324936463

What do I want to show with it?
If you have a good trend following strategy you need to stay out of the market if there is no trend (of course). And the question is always to make out, if the market is trending or not. I think that it is a nice result if a simple rule like not to trade if the faster MA did hit the slower MA for a predefined period. And if even that one simple step makes such a difference, I would like to ask you what kind of other method could be used in addition to reach an even better result?

Greetings, APeng.


P.S. Thatīs my first post in this forum and I had trouble with embedding the images - I hope it worked and you donīt mind that they are attached, too.
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this is how I like to do. this ea put sl:100pip. tp:1000pip and takes out 50% when we see 500pip when I enter trade automatically
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Poshcom
Very nice aPeng ... Can you program other stop losses as a get in signal that work better? To me it would seem that 140 pip range on a stop loss that a lot of trades stops would not be hit but I can't tell if that helps with profitability. I don't think changeing the managment of the trade or the type of get in is a good idea. Thoughts? Also, what was the initial starting equity on your run. % return over or profit factor?
Quoting zebulon
thanks ragu !!
Your welcome. Happy Trading.
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