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Dancing with EMA

  • #181
  • Edited 9:39am Jan 17, 2012 8:47am | Edited 9:39am
Hi Zebulon,
As a newbie, I can easily say, It's the best strategy I've ever come across in my little forex experience. The problem I face is the I miss the entry points as I can't sit back continuously..... how can I solve it?? most of the times, I see the entry point when price already rides 20-30 pips after hitting the entry.... Should I entry whenever i can see accepting the 20-30 pips loss..... entry criteria doesn't allow this..... confused....
  • #182
  • Jan 17, 2012 11:42am Jan 17, 2012 11:42am
Quoting Danutz
Hello

EUR/USD [email protected]
EUR/JPY [email protected]

Maybe will go down

Best Regards
Danutz
Hi Danutz! According to rules of the author, should be at least 80 pips between last entry and previous sell order.My broker GMT+2. Point of touching 50EMA is 1.2771. Previous sell order 1.2823. 1.2823 - 1.2771=52 pips.What time of your broker?
  • #183
  • Jan 17, 2012 12:10pm Jan 17, 2012 12:10pm
Hy Fxforever

My broker time is GMT, I wait to close first candle which touch the EMA and i enter after that. I know the rules of the author, but please check my attached template.

Best Regards
Danutz
Attached File(s)
File Type: tpl template_name eur usd.tpl   13 KB | 318 downloads
Enter Signature
  • #184
  • Jan 17, 2012 12:51pm Jan 17, 2012 12:51pm
Quoting Danutz
Hy Fxforever

My broker time is GMT, I wait to close first candle which touch the EMA and i enter after that. I know the rules of the author, but please check my attached template.

Best Regards
Danutz
Brrr... It is very difficult! But everyone makes his own choices:nerd:
Attached Image (click to enlarge)
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  • #185
  • Jan 17, 2012 1:23pm Jan 17, 2012 1:23pm
Quoting ruten
Brrr... It is very difficult! But everyone makes his own choices:nerd:
I definitely agree with ruten. Template is a way more difficult than could be expected regarding to the rules of the strategy.

Also I guess Danutz is not the only one who is trying to chase the trend and jump into the train. Opening sell order at 1,2759 might mean that the previous sell orders weren't open. Am I correct Danutz? If not could you please explain how did you interpret the entering rules
  • #186
  • Jan 17, 2012 2:12pm Jan 17, 2012 2:12pm
Quoting Danutz
Hy Fxforever

My broker time is GMT, I wait to close first candle which touch the EMA and i enter after that. I know the rules of the author, but please check my attached template.

Best Regards
Danutz
Hi Danutz!I don't think that it is correctly to interpret free the rules on the given original strategy. If it is your first entry he should be at least on 100 pips from EMA 50. If you offer a new variant ,it is necessary to address first of all to the author of original strategy and the given thread.
  • #187
  • Jan 17, 2012 2:13pm Jan 17, 2012 2:13pm
Quoting mazis12
Hi Zebulon,
As a newbie, I can easily say, It's the best strategy I've ever come across in my little forex experience. The problem I face is the I miss the entry points as I can't sit back continuously..... how can I solve it?? most of the times, I see the entry point when price already rides 20-30 pips after hitting the entry.... Should I entry whenever i can see accepting the 20-30 pips loss..... entry criteria doesn't allow this..... confused....
Hi, you're right, impossible to stay all day long in front of the screen !
For the first entry, you need to check every 4 H. And sometime you don't need because the price is very far from EMA 50. (I don't wake up during nights )
For the next entries, i do the same... Every 4h when it is possible for me.
I estimate the EMA 50 level (from one candle to the next, it doesn't move a lot) and i program a pending order.
I think few pips from the rules entry is not a problem because we are looking for a big trend which may give us plenty of pips...
And sometimes, you can catch a better price when you miss the entry according to the rules... it makes a balance
  • #188
  • Jan 17, 2012 6:23pm Jan 17, 2012 6:23pm
Taken from some other threads such as Profit All Day System or the Trading Made Simple Thread, to address ranging periods you may want to consider banding the 50 EMA with the 50 EMA high and 50 EMA low averages. Or look at using 50 EMA Envelopes at around 0.3% to 0.5%. These will basically create a "no mans land" band around the 50 EMA. As the 5 EMA breaks out of the "no mans land" then grab your 100 pip entry rule. Even with these, due to market volatitilty and varying average daily ranges the bands might need to be adjusted. Maybe we look at a band of the 50 EMA+/- the ATR and look for the 5 EMA to break that range on way to the 100 pip entry.

I had a hard time following the 15 candle rule as it didn't seem to make sense when to take start the 15 candle clock. Sounds like if your first signal cross fails, then you wait until it crosses how ever many times again until it can spend at least 15 candles on one side of the 50 EMA. Harder to program this into an EA or indicator.

I think banding the range may be a better way IMO.
  • #189
  • Jan 18, 2012 12:22am Jan 18, 2012 12:22am
Quoting Mindaugas
I definitely agree with ruten. Template is a way more difficult than could be expected regarding to the rules of the strategy.

Also I guess Danutz is not the only one who is trying to chase the trend and jump into the train. Opening sell order at 1,2759 might mean that the previous sell orders weren't open. Am I correct Danutz? If not could you please explain how did you interpret the entering rules
Hello Mindaugas

As you say the previous order from 1.2809 was not open and I considered a re-entry from 1.2996, that`s why I open a sell order at 1.2759.
I don`t change the rule of the original strategy, but I use extra weekly pivot and trend lines for more acurracy, that`s why my chart has so many lines.

Best Regards
Danutz
Enter Signature
  • #190
  • Jan 18, 2012 12:59pm Jan 18, 2012 12:59pm
Hi,
EURUSD, H4, chart shows 5 SMA crossed the 50 EMA from below.... if it goes 100 pips from 50 EMA... should we go for long?? Want to understand whether I've understood the strategy or not...
Attached Image (click to enlarge)
Click to Enlarge Name: dancingwithma02.gif Size: 33 KB
  • #191
  • Jan 18, 2012 1:48pm Jan 18, 2012 1:48pm
Quoting mazis12
Hi,
EURUSD, H4, chart shows 5 SMA crossed the 50 EMA from below.... if it goes 100 pips from 50 EMA... should we go for long?? Want to understand whether I've understood the strategy or not...
The stop loss for the previous orders is 1.2923, so i do nothing untill the SL is touched. If it is touched, i wait for the price going 100 pips from 50 EMA after a candle close to enter.
  • #192
  • Edited 2:10pm Jan 18, 2012 2:08pm | Edited 2:10pm
Quoting zebulon
The stop loss for the previous orders is 1.2923, so i do nothing untill the SL is touched. If it is touched, i wait for the price going 100 pips from 50 EMA after a candle close to enter.
Ok, I understand this....

now consider.... I don't have any position open and I wish to enter a trade..... I'll need to wait for the price hitting 100 pips from the 50 EMA and enter a long position after the candle closes... right?.... If this is right then, I think I've understood the system.....

I'm not a native english.... So I tried to clarify each points specifically.... if I bored anyone.... sorry....
  • #193
  • Jan 18, 2012 2:25pm Jan 18, 2012 2:25pm
Quoting mazis12
Ok, I understand this....

now consider.... I don't have any position open and I wish to enter a trade..... I'll need to wait for the price hitting 100 pips from the 50 EMA and enter a long position after the candle closes... right?.... If this is right then, I think I've understood the system.....

I'm not a native english.... So I tried to clarify each points specifically.... if I bored anyone.... sorry....
Yes, if the candle when it closes is still 100 pips above 50 EMA, you can enter a long position.
  • #194
  • Jan 19, 2012 12:51am Jan 19, 2012 12:51am
Quoting zebulon
Yes, if the candle when it closes is still 100 pips above 50 EMA, you can enter a long position.
I'm waiting of this position too.
Attached Image (click to enlarge)
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  • #195
  • Jan 19, 2012 4:13am Jan 19, 2012 4:13am
Quoting ruten
I'm waiting of this position too.
ruten, you may have forgotten or been mistaken at your 1.2880 level the EMA will be higher than it is now that's why the closed candle will not be out of the EMA +-100pips channel. In this case, according to the strategy you won't be allowed to execute the buy order. As I know, the EMA depends on the candles close prices. So it varies when price is moving.
  • #196
  • Jan 19, 2012 4:48am Jan 19, 2012 4:48am
You are right
  • #197
  • Jan 19, 2012 5:03am Jan 19, 2012 5:03am
I bought at the price of 1,2895.
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  • #198
  • Jan 19, 2012 9:19am Jan 19, 2012 9:19am
SL has been touched on EUR/USD at 1.2923
Our 4 trades are closed with 341+197+94-100 = 532 pips

I'm long now on EUR/USD at 1.2907
  • #199
  • Jan 19, 2012 9:53am Jan 19, 2012 9:53am
Hello

EUR/JPY will be long in a few moment

Regards
Enter Signature
  • #200
  • Jan 19, 2012 10:52am Jan 19, 2012 10:52am
Quoting zebulon
SL has been touched on EUR/USD at 1.2923
Our 4 trades are closed with 341+197+94-100 = 532 pips

I'm long now on EUR/USD at 1.2907
A very nice result.
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