[quote=zebulon;5395392]Yes SL hit for EUR/USD.
Hi Zebulon! Since 6.02 MA5 three times crossed EMA 50 on EU.Means we should wait 15 candles without crossing since 17.02.16.00. Time of my broker GMT+2. I am right?
Yes SL hit for EUR/USD.
Hi Zebulon! Since 6.02 MA5 three times crossed EMA 50 on EU.Means we should wait 15 candles without crossing since 17.02.16.00. Time of my broker GMT+2. I am right?
Ignored
I count crosses when all trades are closed. So i have only one cross since my last trade...
For the trade you're mentioning here.... suppose anyone hasn't entered any position at your level and come to the chart at the stage of price touching the 50 EMA..... should one enter at the touch or wait for generating fresh new signal at price closing beyond 100 pips from 50 EMA
And for anyone who had trade at the beginning of original trade (where you started) but got S/L hit... like me.....could I enter the long trade when price touched 50 EMA at the last occasion as seen in the screenshot?
For the trade you're mentioning here.... suppose anyone hasn't entered any position at your level and come to the chart at the stage of price touching the 50 EMA..... should one enter at the touch or wait for generating fresh new signal at price closing beyond 100 pips from 50 EMA
Ignored
In this case, i would enter when price is touching the 50 EMA .
And for anyone who had trade at the beginning of original trade (where you started) but got S/L hit... like me.....could I enter the long trade when price touched 50 EMA at the last occasion as seen in the screenshot?
Ignored
When my SL is hit, i wait for a new signal (price closing beyond 100 pips from 50 EMA) .
A new buy signal for GBP/USD is coming at around 1.5873 if my current candle closes here in 1 and 1/2 hour......I'll definitely have to watch for price action in 1 and 1/2 hour..... still now I'm missing the good entries which is the most important part of trading with this strategy..... because more than couple of trade hit S/L for me where Zebulon's were safe...just because of entry at the right time by Zebulon and not mine......
A new buy signal for GBP/USD is coming at around 1.5873 if my current candle closes here in 1 and 1/2 hour......I'll definitely have to watch for price action in 1 and 1/2 hour..... still now I'm missing the good entries which is the most important part of trading with this strategy..... because more than couple of trade hit S/L for me where Zebulon's were safe...just because of entry at the right time by Zebulon and not mine......
Ignored
very important what you said..same happens to me, entry at 102.90 EUR/JPY in spite of 102.62, and get ousted at 101.92 and after that (101.78) go up and up...we have to be patient and if we missed the entry, wait and see if the price touch again the price and if not, wait until next signal.
A new buy signal for GBP/USD is coming at around 1.5873 if my current candle closes here in 1 and 1/2 hour......I'll definitely have to watch for price action in 1 and 1/2 hour..... still now I'm missing the good entries which is the most important part of trading with this strategy..... because more than couple of trade hit S/L for me where Zebulon's were safe...just because of entry at the right time by Zebulon and not mine......
Ignored
but i think that if you want to follow the rules, you shouldnīt enter at 1.5873, but would have to wait price hit EMA50 1.5812 or above (since the proper entry was at 1.5732)
Zebulon am i right?
Thank you in advance
but i think that if you want to follow the rules, you shouldnīt enter at 1.5873, but would have to wait price hit EMA50 1.5812 or above (since the proper entry was at 1.5732)
Zebulon am i right?
Thank you in advance
Ignored
I want to refer you to the post no 366-- quoted below
I want to refer you to the post no 366-- quoted below
Previous original trade got hit S/L..... So I'll go for new signal-- price closing beyond 100 pips from 50 EMA..... hope I'm right....
Ignored
sorry but if Zebulon enter at 1.5732 (post 344), SL havenīt be touched yet (lowest price has been 1.5642) so i guess it is still open if he has the same price as I...anyway Zebulon will answer us when it will be back !
Good luck !
sorry but if Zebulon enter at 1.5732 (post 344), SL havenīt be touched yet (lowest price has been 1.5642) so i guess it is still open if he has the same price as I...anyway Zebulon will answer us when it will be back !
Good luck !
Ignored
Actually my original trade got hit S/L as my entry was a little bit higher..... in this scenario... entry should be done with the generation of a new signal by crossing price by 100 pips from the 50 EMA... this is what I understood....Let's see whether I'm right or wrong....
sorry but if Zebulon enter at 1.5732 (post 344), SL havenīt be touched yet (lowest price has been 1.5642) so i guess it is still open if he has the same price as I...anyway Zebulon will answer us when it will be back !
Good luck !
Ignored
Yes, my last entry was 1.5732 and my SL has not been touched. So if i would have miss it, i would enter when price will touch 50 EMA...Or better, at 1.5732
I did not implement SMA5 condition, but I excluded summer holidays (July and August). I think that is the same. But tell me if I wrong.
I saw previous backtest, but I think that shorter period is better in this case. You can see that this strategy worked at second half of 2011 only. Why?
Each transaction has the same size - 2% of the $10000.
