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Tiger trend trading -long term position trading

  • #101
  • Jun 18, 2012 9:47am Jun 18, 2012 9:47am
Quoting supercat1977
double click on the ma ribbon
it will open the indicator properties...
and change the first ma period to 5
and the second ma period to 10
on both the charts...daily and 15 min

now, you will see everything that i see..

thanks,
manny
Thanks a lot !!
A last question please, why don't I have the same number of candles after the cross ?

Thanks again man ;-)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.png Size: 26 KB
Trade Safe !
  • #102
  • Jun 18, 2012 9:55am Jun 18, 2012 9:55am
I am not sure about the no. of candles..
but, I think, the candle type depends on the broker timings..
so, your doji might be not be a doji for me..
because your close and open will differ from mine.
please correct me if i am wrong.

thanks,
manny
Quoting Goodgame42
Thanks a lot !!
A last question please, why don't I have the same number of candles after the cross ?

Thanks again man ;-)
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #103
  • Jun 18, 2012 10:04am Jun 18, 2012 10:04am
Quoting supercat1977
I am not sure about the no. of candles..
but, I think, the candle type depends on the broker timings..
so, your doji might be not be a doji for me..
because your close and open will differ from mine.
please correct me if i am wrong.

thanks,
manny
Yes, It's a possibility.
I will try your broker in order to see that.

Thanks,
King regards !
Trade Safe !
  • #104
  • Jun 18, 2012 10:28am Jun 18, 2012 10:28am
Hugh:
Perfect..
following a monthly trend means you are the elite few among the traders..
it also, means you will have a life outside of forex...and solid long term profits.
i hope you grand success in your venture..

i think, the only thing i would be careful is the negative swap..
it could eat up some of your profits..
but, the flip side is, if you are long on any of the jpy pairs(mostly commodity with jpy) or any pairs that earn swap, and since the trends seems to last for
a long period... you will earn swaps+pips...
adding the element of carry trading..I would love to try that someday.

its a very good idea to let the trend do the hard work...
also, since you would like to keep 2-3 positions alive, have you looked into exotics?

you are always welcome here for discussions

thanks,
manny

Quoting Hugh Briss
Thanks Manny, I love the thread and your ideas. I am now considering just trading using heiken ashi candles on monthly charts. When the monthly ha candle closes I will establish 2 or 3 trades in the same direction and hold them until the monthly trend changes.

Something I have been using to try and aid with this is where the price closes in relation to a 12 sma. The price can continue to close one side of this sma for a long period of time, all the time you are collecting swap and profits.

I haven't completely finalised my plan yet but...
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #105
  • Jun 18, 2012 10:35am Jun 18, 2012 10:35am
1 lot with tp = sl
and the other lot that will be a runner.

thanks,
manny
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd entered just now.gif Size: 58 KB
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #106
  • Jun 18, 2012 10:38am Jun 18, 2012 10:38am
seems like an uptrend is being formed in
the 15 mins..waiting for the second 5/10 cross for entry
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #107
  • Edited 1:29pm Jun 18, 2012 11:18am | Edited 1:29pm
Just had a look at some daily charts and a 5/20 ema cross looks awesome. 10 seems a little too close.

Edit: 5 ema close/ 8 ema open looks best.
  • #108
  • Jun 18, 2012 12:42pm Jun 18, 2012 12:42pm
Hi Manny, thank you for your sharing. And I am sorry to disturb a bit here.

Hi Hugh Briss,
Would you please to share your system more detail. what indicator and its parameter you are using?
Thank you,
anton

Note: your method is very logic and good.

Quoting Hugh Briss
I like the thread and I don't want to get in the way with a lot of my posts so I shall just do one big one now and I can reduce it or delete it as the OP wishes.

In my thread "Swing trading with Heiken Ashi and Stochs" I have been slowly moving towards longer and longer timeframes and reading various threads such as this about longer term position building has got me thinking.

I love the idea of taking entries on the 5 min chart but I'm not sure why you are so happy to lose so many of your initial entries? I'm sure these could be refined and...
  • #109
  • Jun 18, 2012 1:30pm Jun 18, 2012 1:30pm
Quoting antonsatu
Hi Manny, thank you for your sharing. And I am sorry to disturb a bit here.

Hi Hugh Briss,
Would you please to share your system more detail. what indicator and its parameter you are using?
Thank you,
anton

Note: your method is very logic and good.
I will pm you to keep this thread clear.
  • #110
  • Jun 18, 2012 4:57pm Jun 18, 2012 4:57pm
attached are the charts..
this is based on the 15 min signals...along with the daily trend
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy entry.gif Size: 61 KB
Click to Enlarge Name: euusd entry.gif Size: 61 KB
Click to Enlarge Name: gbpjpy entry.gif Size: 63 KB
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #111
  • Jun 18, 2012 5:49pm Jun 18, 2012 5:49pm
attached chart shows the entry signal
Attached Image (click to enlarge)
Click to Enlarge Name: audusd entry.gif Size: 61 KB
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #112
  • Jun 19, 2012 2:50am Jun 19, 2012 2:50am
see attached chart
Attached Image (click to enlarge)
Click to Enlarge Name: trade management rules.gif Size: 70 KB
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #113
  • Jun 28, 2012 9:44am Jun 28, 2012 9:44am
What has produced better results for you thus far: closing half the trade when price has reached profit equal to stoploss as outlined in post #85 or waiting for the daily to pierce the MA as in post #112?
  • #114
  • Edited 2:06pm Jul 2, 2012 6:10am | Edited 2:06pm
I tested on going with 2 lots only...(meaning 1st lot, sl=tp, 2nd lot w/o a tp..meaning a runner)
and just for FUN, i tested on ALL the signals, meaning
i took all sell signals or buy signals in accordance with the daily trend

here is what i got.
NOW..PLEASE NOTE THAT I TESTED WITH A MORE SENSITIVE EMA COMBINATION
3/5 FOR 15 min ENTRIES...AND 3/5 FOR DAILY..
THE RESULTS ARE F AWESOME..

THIS IS FOR THE PERIOD FROM BEGINNING OF MAY OR SO
WHEN THE STRONG DOWN TREND OCCURRED on the daily charts..

GBPUSD
Downtrend: - 1000+3500= +2500 pips
Uptrend:- - 400+140= - 260 pips

EURNZD
Downtrend: - 2164+10760= +8596 pips
Uptrend:- - 962+1100= - 138 pips

AUDUSD
Downtrend: - 1422+8390= +6968 pips
Uptrend:- - 1078+1400= +322 pips

AUDJPY
Downtrend: - 1200+3660= +2460 pips
Uptrend:- (- 300+50) + (- 90+50)= - 290 pips

EURJPY
Downtrend:
Uptrend:- (- 240+370) + (- 440+320) +(- 90+130) +(- 800+1040) = +290 pips


Quoting TheBrigadier
What has produced better results for you thus far: closing half the trade when price has reached profit equal to stoploss as outlined in post #85 or waiting for the daily to pierce the MA as in post #112?
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #115
  • Edited 8:03am Jul 2, 2012 6:18am | Edited 8:03am
would love to add a stop loss based on the high or low of the entry candle
depending on the trend (and maybe with a provision to add a buffer of 2-5 pips)
when entering on the candle after a ma cross.

entering with 2 lots; for the first lot the sl=tp and second lot tp=0.

i want to test this on the strategy tester...

if anyone would be willing to add this to the following ea..i would greatly
appreciate the help.

thanks,
manny
Attached File(s)
File Type: mq4 EMA Cross EA (no exit).mq4   8 KB | 345 downloads
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #116
  • Jul 2, 2012 6:20am Jul 2, 2012 6:20am
Has your method, in this testing, changed in any other significant way than the 3/5 EMAs, or is it still the same as in the first couple of posts?

Quoting supercat1977
I tested on going with 2 lots only...
and just for FUN, i tested on ALL the signals, meaning
i took all sell signals or buy signals in accordance with the daily trend

here is what i got.
NOW..PLEASE NOTE THAT I TESTED WITH A MORE SENSITIVE EMA COMBINATION
3/5 FOR ENTRIES...AND 3/5 FOR DAILY..
THE RESULTS ARE F AWESOME..

THIS IS FOR THE PERIOD FROM BEGINNING OF MAY OR SO
WHEN THE LONG DOWN TREND OCCURRED on the daily charts..

GBPUSD
Downtrend: - 1000+3500= +2500 pips
Uptrend:- - 400+140= - 260 pips

EURNZD
Downtrend: - 2164+10760=...
  • #117
  • Edited 2:07pm Jul 2, 2012 8:01am | Edited 2:07pm
in my method, i am scaling in (entering)
at every second signal (and onwards) in the direction of the trend, which means..
i would not be able to stack as many positions as in the testing..
BUT..I WOULD NOT HAVE AS MANY LOSSES AS SHOWN IN THE TESTING AS WELL
now..looking only at the losses part(forget the gains from that testing..if it shows you the extreme possible total losses in the trend to be -1000 pips..in reality, based on my method the losses would be way lesser)...
Hence, even if i had a 1000 pip gain in the trend..I would be very much profitable.

I guess, this is my style of sensitivity analysis!!



Quoting Dreamliner
Has your method, in this testing, changed in any other significant way than the 3/5 EMAs, or is it still the same as in the first couple of posts?
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #118
  • Jul 2, 2012 8:11am Jul 2, 2012 8:11am
would love to add a stop loss based on the high or low of the entry candle
depending on the trend (and maybe with a provision to add a buffer of 2-5 pips)
when entering on the candle after a ma cross.

entering with 2 lots; for the first lot the sl=tp and second lot tp=0.

i want to test this on the strategy tester...

if anyone would be willing to add this to the following ea..i would greatly
appreciate the help.

thanks,
manny
Attached File(s)
File Type: mq4 EMA Cross EA (no exit).mq4   8 KB | 320 downloads
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #119
  • Jul 2, 2012 10:48am Jul 2, 2012 10:48am
I'm actually a computer scientist so I can help you with the EA. I'm going on vacation for the 4th of July but I can get working on it when I get back.
  • #120
  • Jul 2, 2012 11:02am Jul 2, 2012 11:02am
enjoy your holidays!!

I will PM you when you get back.

Quoting TheBrigadier
I'm actually a computer scientist so I can help you with the EA. I'm going on vacation for the 4th of July but I can get working on it when I get back.
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
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