15-min 60 WMA

[quote=slovforex;5563721]Yep, I will
But try this system on demo first for at least 2-3 months as every trader should test it during consolidations periods when we need a lot of patience. [/quote
No worry mate, every new system I will test on demo until am confidence with it.

Still the entry question. Base on the H4 chart as attached. Do I mark the swing high correctly? And candle 1 close above WMA 60 but should not be the trigger candle although its range over 2pips + spread of swing high? But candle 2 should be the trigger candle?

Sorry to keep asking same question but I must wanna make myself clear of the entry rules.

[quote=sam2vt;5565624] sam2vt,
Please do not try to make yourself clear of the entry rules using 4H chart
Because the price behaves differently, so only 15 min charts!
If you want to use smth like that on 4h chart I will give you the entry rules for my 4H 60 SMA (not WMA) strategy:

Criteria: 4H chart, 60 SMA, MM 1:1 or 1:2 but MM 1:2 has shown impressive results during 2011 year (FX PRO MT4). However, cumulative drawdown of 5-7 consecutive trades was 700-1000 pips, so use appropriate risk management. I would like to point out, despite the fact that in 2011 year the maximum drawdown was around 800 pips on eur/usd, the profit was around 2500 pips as of 31 Dec 2011 - beginning of Jan 2012.

Long Entry

Place Buy Stop 2 pips higher + spread above the candle that closes above 60 SMA. SL is 2 pips below the last swing. TP: I recommend MM 1:2. If you place SL 100 pips below the entry point then place take profit 200 pips above the entry point.

Short Entry

Place Sell Stop 2 pips below the candle that closes below 60 SMA. SL is 2 pips above the last swing. TP: I recommend MM 1:2. If you place SL 100 pips above the entry point then place take profit 200 pips below the entry point.


P.S. Patience during consolidations.

If you are really interested in 4H strategy then please PM for the statistics as I am not ready to post it publicly yet, may be in 4-6 months.

Potential trade...

Potential long too....

Yeah, if it closes above 60 WMA and the high of candlestick is below the high of the swing's high.

Am I correct for the current situation?

Yeah, in this situation you are correct.

Hi slovforex,

I have three questions.

1. If I do it, maybe I placed Buy Stop at the "Place SL" and placed Stop Loss at the "SELL" in the first picture. So I think you have some other experiences to determine Long Entry or Short Entry. How do you determine it?

2. There are always many swings across the WMA or candles and WMA overlap. I do not know why did not you out at the candle across 1.31 for the first time after the candles nearby 1.306 for a long time. Or out at 1.309 after your out position.

3. At the #23 comment. Why do not place Sell Stop at 1.31? It is the same situation as the #16 comment I think. Just different direction.

Thank you.

I can not speak English very well and I tried hard to understand your topic. I do not know if I expressed clearly.

You trade this during london time?

Hi Slovforex,

For EU, Point A or B should I place S/L for the sell position?

For AU, is arrow up should be the S/L point?

i gather u got stopped out here. what pips was the loss ?

You still use this?
Do have any skype id/yahoo id/facebook? i use same strategy and get good result.Need to discuss with you.

Well, sorry to see nothing on this thread - no comments showing success or failure. I thought it should have an indicator - so here is one. It just draws a line where you should be looking for the the price action to intersect and an order be entered. As there were no other rules to indicate how a 'swing' was to be detected, I used iFractal.

How long you test this system? Would like to show your trade record in FF trades?