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Dancing with EMA

  • #381
  • Feb 20, 2012 3:32pm Feb 20, 2012 3:32pm
Quoting Ferod
In my chart that bar finished at 1.3242
My candle closed at 1.3262...... I entered at 1.3263.... missed by 1 pip this time..... Now I'm monitoring regularly 4 hourly..... trying to cope up with this system....
  • #382
  • Feb 20, 2012 3:36pm Feb 20, 2012 3:36pm
Quoting Ferod
In my chart that bar finished at 1.3242
Quoting zebulon
Different brokers have different 4H candles. It depends at what time each candle begins...
If I'm not wrong.... the last candle (entry candle) Zebulon is indicating was a bearish candle.... my entry candle was bullish candle.... so it varies broker to broker.... we just need to confirm that price closes beyond 100 pips from 50 EMA in our own trading timezone and act accordingly, don't we?
  • #383
  • Feb 20, 2012 4:27pm Feb 20, 2012 4:27pm
Quoting mazis12
If I'm not wrong.... the last candle (entry candle) Zebulon is indicating was a bearish candle.... my entry candle was bullish candle.... so it varies broker to broker.... we just need to confirm that price closes beyond 100 pips from 50 EMA in our own trading timezone and act accordingly, don't we?
I have indicated this candle but i mean "the open of this candle"... I didn't know when i open the trade if the candle will be bullish or not...
But i agree with you, we just need to confirm that price closes beyond 100 pips from 50 EMA in our own trading zone.
  • #384
  • Feb 20, 2012 4:48pm Feb 20, 2012 4:48pm
Quoting zebulon
My SL ( 101.68) has not been touched .
But i don't like this situation, being long on EUR/JPY and short on EUR/USD, they are often correlated.
I think Greek situation is a big reason to push down the euro, so i will certainly have a winning side (EUR/USD in my opinion) and a loosing side (EUR/JPY)...
1) I think EUR/USD GBP/USD and EUR/JPY are highly correlated. And we can avoid more losses and increase this strategy with this new rule : don't go short on a pair when the 2 others are still open long.
The last short trade on EUR/USD would not be open with this rule.

2) i have to forget all my opinions to the greek situation and consequences on euro as all politic or economics news : all is in the charts and i have just to watch them ...
  • #385
  • Feb 20, 2012 5:41pm Feb 20, 2012 5:41pm
Quoting zebulon
1) I think EUR/USD GBP/USD and EUR/JPY are highly correlated. And we can avoid more losses and increase this strategy with this new rule : don't go short on a pair when the 2 others are still open long.
The last short trade on EUR/USD would not be open with this rule.
maybe it's time to put all your all trading rules in one place like your 1st post to ease understanding your method by new traders.
just my 2 cents.
happy pipping!
  • #386
  • Feb 20, 2012 7:30pm Feb 20, 2012 7:30pm
I like your system very much Zebulon! I tried looking at all the pages and posts, and I thought I saw someone saying they made an EA for this (I think it was done in Java), but I didn't see one for Metadrader 4.

If someone has already created an EA for MT4 for this trading system, would you please let me know what page it's on, and if no one has created one yet, would it be possible for someone to do so and post it here?

Thanks in advance!

Regards,
Paul
  • #387
  • Feb 21, 2012 12:28am Feb 21, 2012 12:28am
Quoting sniperfxmy
maybe it's time to put all your all trading rules in one place like your 1st post to ease understanding your method by new traders.
just my 2 cents.
happy pipping!
Yes ! i wil do it
  • #388
  • Feb 21, 2012 12:30am Feb 21, 2012 12:30am
Quoting paulk
I like your system very much Zebulon! I tried looking at all the pages and posts, and I thought I saw someone saying they made an EA for this (I think it was done in Java), but I didn't see one for Metadrader 4.

If someone has already created an EA for MT4 for this trading system, would you please let me know what page it's on, and if no one has created one yet, would it be possible for someone to do so and post it here?

Thanks in advance!

Regards,
Paul
i don't use EA or MT4 but i think the problem is to implement the 5 SMA condition.
  • #389
  • Edited 1:14am Feb 21, 2012 1:02am | Edited 1:14am
Quoting zebulon
i don't use EA or MT4 but i think the problem is to implement the 5 SMA condition.
If you tell what do you exactly mean with this condition then I will add it to my EA.

For example:
2 crosses in 10 candles turn off EA for 10 next candles.
or
3 crosses in 20 candles turn off EA for 20 next candles.

But look at my post:
http://www.forexfactory.com/showthre...03#post5402203
and screens of transactions.

Do you see mistakes?


--
Tom
http://www.forexguns.com
  • #390
  • Feb 21, 2012 1:57am Feb 21, 2012 1:57am
Quoting tnowak3000
I made backtest since 2011-01-01

You can see it:
http://www.forexguns.com/fxg/bt-danc...tegyTester.htm

and transactions:
http://www.forexguns.com/fxg/bt-dancingema/1/fx1.png
http://www.forexguns.com/fxg/bt-dancingema/1/fx2.png
http://www.forexguns.com/fxg/bt-dancingema/1/fx3.png
http://www.forexguns.com/fxg/bt-dancingema/1/fx4.png

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...
Thank you Tom for your backtest, but the EMA5 is crucial for the purpose of this strategy, because it doesnīt work on range. and the EMA5 crossing the EMA50 is supposed to advert us of this (most of the time). Can you implement it as following: if EMA5 cross EMA15 three times since last entry (with no more than 15 4H candles between each EMA5 crossing EMA50), we canīt entry even if others conditions apply..in that case, we have to wait for 15 4h candles before entering (if others conditions are still valid) ?
I donīt know if it is very well explained..feel free to ask me..hope that at least it is correct ?

Thank you in advance
  • #391
  • Feb 21, 2012 2:15am Feb 21, 2012 2:15am
Quoting jeronimo
Thank you Tom for your backtest, but the EMA5 is crucial for the purpose of this strategy, because it doesnīt work on range. and the EMA5 crossing the EMA50 is supposed to advert us of this (most of the time). Can you implement it as following: if EMA5 cross EMA15 three times since last entry (with no more than 15 4H candles between each EMA5 crossing EMA50), we canīt entry even if others conditions apply..in that case, we have to wait for 15 4h candles before entering (if others conditions are still valid) ?
I donīt know if it is very well explained..feel...
EMA5? Zebulon wrote about SMA5.
EMA15? or EMA50?

Correct me.
Since last entry if we have 3 crosses SMA5 and EMA50 (no more than 15 candles between each cross) then we wait 15 candles.
Is it OK?
  • #392
  • Feb 21, 2012 3:03am Feb 21, 2012 3:03am
I removed condition "Since last entry". It is wrong.

Conditions is:
If we have 3 crosses SMA5 and EMA50 (no more than 15 candles between each cross) then we wait 15 candles.

http://www.forexguns.com/fxg/bt-dancingema/2/fx5.png

Yes, it rescue us from range, but it has worse result:
http://www.forexguns.com/fxg/bt-danc...tegyTester.htm

1. Without SMA5, but excluded summer holidays:
http://www.forexguns.com/fxg/bt-danc...tegyTester.htm

2. With SMA5 and with summer holidays:
http://www.forexguns.com/fxg/bt-danc...tegyTester.htm

3. With SMA5 and excluded summer holidays:
http://www.forexguns.com/fxg/bt-danc...tegyTester.htm

Summary:
The better is number 1 :-(

--
Tom
http://www.forexguns.com
  • #393
  • Feb 21, 2012 5:00am Feb 21, 2012 5:00am
Quoting tnowak3000
I removed condition "Since last entry". It is wrong.

Conditions is:
If we have 3 crosses SMA5 and EMA50 (no more than 15 candles between each cross) then we wait 15 candles.

http://www.forexguns.com/fxg/bt-dancingema/2/fx5.png

Yes, it rescue us from range, but it has worse result:
http://www.forexguns.com/fxg/bt-danc...tegyTester.htm

1. Without SMA5, but excluded summer holidays:
http://www.forexguns.com/fxg/bt-danc...tegyTester.htm

2. With SMA5 and with summer holidays:
http://www.forexguns.com/fxg/bt-danc...tegyTester.htm

3....
Hi Tom,

I backtested this manually using Alpari UK and got these results from January 2011 up to last Friday...

EU - +4065
EY - +3277
AU - +505

This was using:

- 100+ close past 50 MA for EP
- No trade if 5 MA crossed 50 MA 3 or more times within 30 candles (if so wait 15 candles until next entry)
- No trade if 5 MA crossed 50 MA 2 or more times within 10 candles (if so wait 15 candles until next entry)

My money management was different however to that stated by zebulon.

For EU I used 2 lots for entry taking 1 lot profit at +200 at which point I move the SL to BE and letting the second lot run. If the 2nd lot hits +500 close trade. I am stopped out if the trade still runs and moves past the opposite side of 50 MA by 100 pips... I had no re-entries on a 50 MA re-touch...

For EY and AU I did the same but took profit at +150 and +400...
  • #394
  • Feb 21, 2012 6:58am Feb 21, 2012 6:58am
Quoting tnowak3000
If you tell what do you exactly mean with this condition then I will add it to my EA.

For example:
2 crosses in 10 candles turn off EA for 10 next candles.
or
3 crosses in 20 candles turn off EA for 20 next candles.

But look at my post:
http://www.forexfactory.com/showthre...03#post5402203
and screens of transactions.

Do you see mistakes?


--
Tom
http://www.forexguns.com
hi tom

a good idea!

just that... why don't you open a new/your thread to discuss this ea incorporating zeb's trading method... with this then making zeb's thread staying clean with his original concept and no mixing with other concept.

what do you think?

my 2 cents opinion.

cheers
  • #395
  • Feb 21, 2012 7:04am Feb 21, 2012 7:04am
Quoting tnowak3000
EMA5? Zebulon wrote about SMA5.
EMA15? or EMA50?

Correct me.
Since last entry if we have 3 crosses SMA5 and EMA50 (no more than 15 candles between each cross) then we wait 15 candles.
Is it OK?
sorry it is SMA5 and EMA50..should read what i wrote before posting it !
  • #396
  • Feb 21, 2012 7:19am Feb 21, 2012 7:19am
zeb

hope u trade well.
i am a slow learner maybe due to full time work and family
a quick question...
someone could make a loss on 1/ short entry.
then he missed his a 2/ long entry.
now can he make the next long entry (since he missed his 1st long entry)?
if so, is it 100 pips from 50ma or how?
pls. clarify.
thanks for your time.
cheers
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  • #397
  • Feb 21, 2012 7:45am Feb 21, 2012 7:45am
Quoting sniperfxmy
hi tom
just that... why don't you open a new/your thread to discuss this ea incorporating zeb's trading method... with this then making zeb's thread staying clean with his original concept and no mixing with other concept.
I am new at this forum, and I am sorry if i made something wrong.

I think that backtesting is usefull for manual trading. It shows history problems. I fear using strategy if I see that it has generated looses half year. Maybe I do not understand strategy. Thats why I wrote at this forum backtesting result.

I will make new thread with results of mogulmedia modification.

Is it OK?

--
Tom
http://www.forexguns.com
  • #398
  • Feb 21, 2012 10:25am Feb 21, 2012 10:25am
Quoting mogulmedia
Hi Tom,

I backtested this manually using Alpari UK and got these results from January 2011 up to last Friday...

EU - +4065
EY - +3277
AU - +505

This was using:

- 100+ close past 50 MA for EP
- No trade if 5 MA crossed 50 MA 3 or more times within 30 candles (if so wait 15 candles until next entry)
- No trade if 5 MA crossed 50 MA 2 or more times within 10 candles (if so wait 15 candles until next entry)

My money management was different however to that stated by zebulon.

For EU I used 2 lots for entry taking 1 lot profit at...
I made new thread with results:
http://www.forexfactory.com/showthre...73#post5405573
  • #399
  • Feb 21, 2012 10:54am Feb 21, 2012 10:54am
Thanks to all of you and to tom to do the best to increase this strategy !

I think backtesting with an EA is a good way to find the best parameters.

What i mean with the 5 SMA cross is :

if EMA5 cross EMA15 three times since last loss (with no more than 15 4H candles between each EMA5 crossing EMA50), we canīt entry even if others conditions apply..in that case, we have to wait for 15 4h candles before entering (if others conditions are still valid).

But this rule is not writed in the stone. If backtest tells us it is better with 20 candles or 2 crosses, we will adapt...

I 'm very confident with this strategy, the trend brings pips. To avoid range periods, i think 5 SMA cross rule and no opposite trade rule (if we don't go short on a pair when the 2 others are still open long) will help a lot...
  • #400
  • Feb 21, 2012 11:03am Feb 21, 2012 11:03am
Quoting sniperfxmy
zeb

hope u trade well.
i am a slow learner maybe due to full time work and family
a quick question...
someone could make a loss on 1/ short entry.
then he missed his a 2/ long entry.
now can he make the next long entry (since he missed his 1st long entry)?
if so, is it 100 pips from 50ma or how?
pls. clarify.
thanks for your time.
cheers
I look history, the short entry is a mistake as the long entry at 1.5732 is still open. If i have missed it, i would enter at the touch of EMA 50 at 1.5791
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