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A "new" simple system based on MA

  • #841
  • Oct 3, 2012 8:22pm Oct 3, 2012 8:22pm
Hi hmaoui,
Any chance you could post the rules again and a few charts, I have been through the thread and get sa bit confusing on what the rules are.
Cheers
Enter Signature
  • #842
  • Oct 4, 2012 11:22am Oct 4, 2012 11:22am
Hello.

Today I ended with +3 pips.

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Regards,
Dragon
  • #843
  • Oct 5, 2012 2:44am Oct 5, 2012 2:44am
Hi All, I modified this system a bit to fit my trading style. I removed the stochastic in favor of the THV Trix as that shows divergence as well. I also only trade the 5 min time frame as the 1 min is just too choppy. Hopefully I can post more trades as they come along.
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Island hopping throughout the Caribbean
  • #844
  • Oct 5, 2012 3:31pm Oct 5, 2012 3:31pm
Hello.

@dumplin_eater: looking foward to see your trades.

Today I got 2 pips. I could get more but it's ok because a had an appointment and had to leave.

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Have a nice weekend.

Best regards,
Dragon
  • #845
  • Oct 7, 2012 8:48am Oct 7, 2012 8:48am
...do not complicate them. You need to check if a trend is going on and the tool you use for it is the Guppy's EMAs : Pointing up then it is an uptrend, pointing down is a downtrend. Then, you trade with the trend but at the best price ! To get the best price it is all about timing and the oscillators (and PA of course) are your favorite tools. I generally use the slow stochastics but you can use RSI, CCI, or Momentum for example. It is your own choice. The philosophy is to buy when the oscillator is in oversold territory if there is an uptrend, and to sell when the oscillators are in overbought territory if there is a downtrend. Of course, if there is not any trend, then you dont trade !!!
Feel free to ask more precised questions.

Quoting Lion99
Hi hmaoui,
Any chance you could post the rules again and a few charts, I have been through the thread and get sa bit confusing on what the rules are.
Cheers
  • #846
  • Oct 7, 2012 8:58am Oct 7, 2012 8:58am
Yes, feel free to change the oscillators you want to use if it fits you best. But keep the philosophy of the system.
Trading 5mn is better than 1 min I think because 1 min is really hard to trade (lots of emotions). You can try 15min TF too with a check on 1h TF. Dont forget Pivots and Price Action which will help you to be a winner. For example, on your chart, you can see doji which is a sign of weakness. You can enter short with confidence coz you are in a down trend, there is a nice pullback and PA is good (I dont comment your oscillator coz I dont knowit - maybe you could explain it).

Quoting dumplin_eater
Hi All, I modified this system a bit to fit my trading style. I removed the stochastic in favor of the THV Trix as that shows divergence as well. I also only trade the 5 min time frame as the 1 min is just too choppy. Hopefully I can post more trades as they come along.
  • #847
  • Edited 11:19am Oct 7, 2012 11:08am | Edited 11:19am
Hi hmaoui,

nice thread! Been looking for a suitable 1m strat for a long time and i think this could help me a lot. Gonna post some trades tomorrow after work. Are you still jobbing or a full time trader by now?

Cheers!

Ps: Also, what currencies are you trading mostly?
  • #848
  • Oct 8, 2012 12:36am Oct 8, 2012 12:36am
Hey hmaoui,
What is your chart set up, there are a few diff charts with diff emas that I can see, gets a bit confusing as to what to use.
Enter Signature
  • #849
  • Oct 9, 2012 10:40am Oct 9, 2012 10:40am
Hello. Today I ended with 0 pips.

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Regards,
Dragon
  • #850
  • Oct 9, 2012 11:08am Oct 9, 2012 11:08am
Quoting Lion99
Hey hmaoui,
What is your chart set up, there are a few diff charts with diff emas that I can see, gets a bit confusing as to what to use.
Honestly it doesn't matter too much. Use any combination to show you the trend you want to trade. I like 33 and 99 EMAs or SMAs. I mainly use two CCIs for trend and pullback, one longer term CCI and one shorter term CCI to show the pullbacks while the longer CCI still shows the trend. I also don't use time based bars, but use hybrid renko bars which give you an easy trigger for entering trades.

This picture is Euro futures, but I mainly trade oil and s&p futures now. The idea is exactly the same - find a trend on your one chart however you want to identify it and trade it in the direction of the trend. I also trade some countertrend, but just ignore that. Trading with the trend will typically always get you higher win rates and that psychologically is the best thing you can do for your trading.
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Small disciplines repeated with consistency lead to great achievements.
  • #851
  • Oct 9, 2012 12:16pm Oct 9, 2012 12:16pm
Hi Dragon,

0 pips is a bummer. But it is still way better than negative pips.

Have you tried Heiken Ashi candles so that you don't need to do candle analysis?

(By the way, I didn't trade your system today, but I made 2 sells, +10 and +35.)

DrDave

Quoting dragonspeak
Hello. Today I ended with 0 pips.

Attachment

Regards,
Dragon
To free Gazans of Hamas, use whatever it takes.
  • #852
  • Oct 9, 2012 2:57pm Oct 9, 2012 2:57pm
Hello. I haven't tried Heiken Ashi candles. I'll check it.

Thank You
Dragon
  • #853
  • Oct 9, 2012 4:23pm Oct 9, 2012 4:23pm
Quoting dragonspeak
Hello. I haven't tried Heiken Ashi candles. I'll check it.

Thank You
Dragon
Better yet, why don't you try trading a mutliple of 2 lots, mini-lots, micro-lots, whatever size you trade. Exit the first position at the previous low or high from where the pullback started and hold the second position. That way you will get a profit on at least half of it before it comes back to take you out at Break even.
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Small disciplines repeated with consistency lead to great achievements.
  • #854
  • Oct 9, 2012 7:26pm Oct 9, 2012 7:26pm
Hey jmflukeiii,
Any chance you could post your indies and template.
Cheers
Enter Signature
  • #855
  • Oct 9, 2012 9:17pm Oct 9, 2012 9:17pm
I use ninjatrader and I use bars that I purchased.

Eitherway, its not very difficult. Find some moving averages, put them on a chart. Find two different length CCIs and superimpose. Then backtest, backtest, backtest until you find something that makes sense and is repeatable. Then make a plan, write it down, and trade exactly what is on your plan.
Small disciplines repeated with consistency lead to great achievements.
  • #856
  • Oct 10, 2012 12:39am Oct 10, 2012 12:39am
Great thread! Taken me a few days to read it all but eventually got there. Been using it on 5m charts for past few days and getting around 50:50 accuracy but hoping I can increase on that. I think most of the problems I have is entering when the last candle as DMI in wrong direction but recently crossed or very close. I should be more strict.

Dragon, I also recommend you exit half your position at +3% and then work the rest from BE. That's what I do.

Anyway lets keep this thread going. I will be posting what trades I can. Hoepfully you can help me out when I get it wrong.
Winners add to winning trades!
  • #857
  • Oct 10, 2012 1:17am Oct 10, 2012 1:17am
1st published trade. This time around I decided to really watch the DMI.

PA dropped below EMA on nice long trend. Stoch and DMI confirmed all okay EXCEPT DMI+ was dropping and DMI- was increasing. This concerned me so I watch it for over 30 mins as it continued dropping until I saw DMI- drop to below 25 and DMI+ rise to above 15 WITH stoch still below 50. Good to go. I jumped in with a 4 candle stop. Lets see where it gets to.

The grey dotted vertical line is the initial trigger with PA close below EMA. Blue line is the entry.

https://lh3.googleusercontent.com/-Z...10101605AU.jpg
Winners add to winning trades!
  • #858
  • Oct 10, 2012 2:12am Oct 10, 2012 2:12am
Closed trade for +5p. My target was 15p. So I only made about 1/3 of what I risked.

Got nervous because I saw DMI- get up above and price make a lower low and then a lower high. Then all of a sudden it spiked to +3 so I told myself to close at +5 which I did.

I do not count this as a win as it took over an hour to do and only got +5p.

Please comment on what I could have done better here.

https://lh5.googleusercontent.com/-7...10101709AU.jpg
Winners add to winning trades!
  • #859
  • Oct 10, 2012 2:37am Oct 10, 2012 2:37am
Had I left that one and trusted it I would have had my 15p by now.
Winners add to winning trades!
  • #860
  • Oct 10, 2012 12:40pm Oct 10, 2012 12:40pm
Hello all. Thank you for your tips.

Today I ended with -7 pips. It was 0-10-5+9 pips. Never developed a good trend.

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Best regards,
Dragon
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