As Easy as "PI" | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker talk 46 replies

Dealing with "Invalid Price", "Requote", "Server Busy" in MT4 3 replies

Is the "system" part really so easy to come by? 86 replies

Is there an "easy" way to trade on Forex? 98 replies

Doing things the "easy" way = failure? 8 replies

Attachments: As Easy as "PI"
Exit Attachments

As Easy as "PI"

  • #61
  • Jan 6, 2013 1:17pm Jan 6, 2013 1:17pm
Spydy....

You are far more patient than I in responding to post like that... I am getting old and cranky when it comes to idiocy.....lol
Regarding the use of MAs or MACD these are great trend following tools, they are not predictive they are representative of what the market is doing and price momentum.....

with that said what we do is FOLLOW price momentum with HIGH PROBABILITY trades using good risk management...

Hope this helps clear things up a bit for the cheechakos.......

Keep up the good work spydy.
  • #62
  • Jan 6, 2013 2:04pm Jan 6, 2013 2:04pm
Spyderman

Thank you for your strategy.

Could you please explain how you would deal with the entries, stop losses, and addons in months like March, April and June 2012 as is shown below for the daily EURUSD. Thank you.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD D1.png Size: 77 KB
  • #63
  • Jan 6, 2013 2:09pm Jan 6, 2013 2:09pm
I
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD D1 (2).png Size: 106 KB
attach again the image
  • #64
  • Jan 6, 2013 2:09pm Jan 6, 2013 2:09pm
Quoting spyderman
One of the main factors determining where and in what direction the 'smart money' places their trade, at least over the long term, is global sentiment. Now I certainly acknowledge that an MA crossover does not guarantee which direction the market is heading. But it does give a graphical representation of which direction the global market sentiment has been moving to this point and for how long.

As I've already stated, I feel that discretion based on an understanding of market sentiment and order flow, is necessary to maximize this, or any other...
  • #65
  • Jan 6, 2013 2:26pm Jan 6, 2013 2:26pm
Quoting alfa99
Spyderman

Thank you for your strategy.

Could you please explain how you would deal with the entries, stop losses, and addons in months like March, April and June 2012 as is shown below for the daily EURUSD. Thank you.

Attachment
Example of the trade on Eur/Usd !
Good trades !
Attached Image (click to enlarge)
Click to Enlarge Name: exemple.PNG Size: 65 KB
Trade Safe !
  • #66
  • Jan 6, 2013 2:39pm Jan 6, 2013 2:39pm
Another Example on AUD/JPY !
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.PNG Size: 63 KB
Trade Safe !
  • #67
  • Jan 6, 2013 2:50pm Jan 6, 2013 2:50pm
Quoting alfa99
Spyderman

Thank you for your strategy.

Could you please explain how you would deal with the entries, stop losses, and addons in months like March, April and June 2012 as is shown below for the daily EURUSD. Thank you.

Attachment
Pretty obvious those would have been losing months on that pair. My sorrow would have been somewhat ameliorated by the nice run I'd of had during Nov. 11 thru Feb. 12, again in May and July. Or for that matter the two nice runs in the Eur/Aud while the Eur/Usd was struggling.
Hard to look back at exactly what I would have done as I don't know what was in the news at those points.
  • #68
  • Jan 6, 2013 2:54pm Jan 6, 2013 2:54pm
Quoting Goodgame42
Another Example on AUD/JPY !

Gotta love those yen crosses. If they do nothing else, they trend. Just gotta keep an ear on the BOJ. Shirakawa seems intent on weakening the Yen, at least for now. When the stop...guess what that means.
  • #69
  • Jan 6, 2013 3:13pm Jan 6, 2013 3:13pm
Possibility of re-enter now !
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy.PNG Size: 46 KB
Trade Safe !
  • #70
  • Jan 6, 2013 3:26pm Jan 6, 2013 3:26pm
Quoting Goodgame42
Possibility of re-enter now !
Yes, I had a addon on Friday. I have 3 positions on NzdJpy
  • #71
  • Jan 6, 2013 3:58pm Jan 6, 2013 3:58pm
Spidey,

Regarding add-on trades, do you simply place a limit order above the previous candle high (long trade), or do you wait for the daily candle to close before making a market order?

Thanks,
BC2
  • #72
  • Jan 6, 2013 4:11pm Jan 6, 2013 4:11pm
Quoting Bobcat2
Spidey,

Regarding add-on trades, do you simply place a limit order above the previous candle high (long trade), or do you wait for the daily candle to close before making a market order?

Thanks,
BC2

If I have a high that retraces enough to make a down bar (red) day, then I place a buy stop above that swing high. So every new position would have at lease one down day between them.

Here's an example on Gbp/Jpy
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 158 KB
  • #73
  • Jan 6, 2013 5:12pm Jan 6, 2013 5:12pm
Alternate 2-8
Just playing around, haven't tested but it's "visually appealing". Notice in the nice uptrend the stochastic stays above the 65 level, etc., etc.
Don't have time/desire to post all the MA's but they are non-lag, 8, 34, 200

When the "chop" gets going one might want to refer to the 1H chart as is (partially) evidenced between 1.32 and 1.33

all the best
Attached Image (click to enlarge)
Click to Enlarge Name: alternate 2 8.gif Size: 26 KB
When the Joker is in the deck.. fear not and play it well
  • #74
  • Jan 6, 2013 6:05pm Jan 6, 2013 6:05pm
Quoting tradestar1
Spydy....

You are far more patient than I in responding to post like that... I am getting old and cranky when it comes to idiocy.....lol
Regarding the use of MAs or MACD these are great trend following tools, they are not predictive they are representative of what the market is doing and price momentum.....

with that said what we do is FOLLOW price momentum with HIGH PROBABILITY trades using good risk management...

Hope this helps clear things up a bit for the cheechakos.......

Keep up the good work spydy.
With the greatest respect to your position in the forum I don't believe you have explored all the facts. The previous posters are correct in asserting that the 0 line cross of an macd is simply the crossing of two ema's. In this case it is the crossing of a 7 ema of a 22 ema.

This is a subject area which I have back tested thoroughly over the course of several years and I can promise you that the system as it is will not be profitable in the long term. The entry and exit criteria as explained by the OP are a simple ema crossover system and in 23 years of backtesting with reputable data they do not show a profit long term.

I felt compelled to register in order to post on this subject because it seems that many people are happy to trade systems that have not properly been back tested and this system is such a case in point. It strikes me as odd also that the posters that are stating their views similar to mine are being ridiculed or accused of being "cheechakos" whatever that may mean? I only wish that the facts as they stand are known.
  • #75
  • Jan 6, 2013 6:39pm Jan 6, 2013 6:39pm
Quoting Dodgy Salmon
With the greatest respect to your position in the forum I don't believe you have explored all the facts. The previous posters are correct in asserting that the 0 line cross of an macd is simply the crossing of two ema's. In this case it is the crossing of a 7 ema of a 22 ema.

This is a subject area which I have back tested thoroughly over the course of several years and I can promise you that the system as it is will not be profitable in the long term. The entry and exit criteria as explained by the OP are a simple ema crossover system and in...
Thank you for your insights but while I don't trade with the MACD I do trade an MA system that has been very good to me. no losing year yet, some skinny years but no losers.
We all need to find what works for us ... It is very difficult to trade someone else's method due to the trust factor...... We each need to grow and develop a method we can trust and execute without fail even through the periods of inevitable drawdown.

As to cheechackos pronounced "chee-cha-ko" that is a name we called green horns in Alaska....
  • #76
  • Jan 6, 2013 6:44pm Jan 6, 2013 6:44pm
Quoting Dodgy Salmon
With the greatest respect to your position in the forum I don't believe you have explored all the facts. The previous posters are correct in asserting that the 0 line cross of an macd is simply the crossing of two ema's. In this case it is the crossing of a 7 ema of a 22 ema.

This is a subject area which I have back tested thoroughly over the course of several years and I can promise you that the system as it is will not be profitable in the long term. The entry and exit criteria as explained by the OP are a simple ema crossover system and in...
Dodgy,

Firstly, welcome to the forum.

As reqards the system, no one is arguing whether or not this is a 'simple' MA crossover strategy. I think I made that clear from the first post on. And yes, we are aware that the zero line cross is the same as the cross of the ema's. I also mentioned that when talking about the reason for the MA's on the chart was for alerts, etc. Obviously when the MACD crosses zero the MA's are also crossing.

I think what become irritating is when posters come on any thread and simply through out a "this will never work" and then leave. You feel compelled to register to make a statement that "The entry and exit criteria as explained by the OP are a simple ema crossover system and in 23 years of backtesting with reputable data they do not show a profit long term."

That's it? That's all you have to offer. Are you saying you have backtested this system with these crossovers with 23 years of data. Or are you talking about all ma crossovers. Have you backtested them on all pairs, in all market conditions.

That's not much for 'facts as they are known'

I've been at FF for many years and seen many strategies. Some make more sense to me than others. I've even seen some that are down right laughable. But that doesn't mean I have to go on someone's thread that takes the time to share something they've discovered with others...free of charge...and throw out a "this will not work". I just don't get that.

Oh well, off my soapbox for now.
  • #77
  • Jan 6, 2013 6:45pm Jan 6, 2013 6:45pm
Quoting tradestar1
Thank you for your insights but while I don't trade with the MACD I do trade an MA system that has been very good to me. no losing year yet, some skinny years but no losers.
We all need to find what works for us ... It is very difficult to trade someone else's method due to the trust factor...... We each need to grow and develop a method we can trust and execute without fail even through the periods of inevitable drawdown.

As to cheechackos pronounced "chee-cha-ko" that is a name we called green horns in Alaska....
True dat.
  • #78
  • Jan 6, 2013 6:49pm Jan 6, 2013 6:49pm
Quoting tradestar1
Thank you for your insights but while I don't trade with the MACD I do trade an MA system that has been very good to me. no losing year yet, some skinny years but no losers.
We all need to find what works for us ... It is very difficult to trade someone else's method due to the trust factor...... We each need to grow and develop a method we can trust and execute without fail even through the periods of inevitable drawdown.

As to cheechackos pronounced "chee-cha-ko" that is a name we called green horns in Alaska....
Hello again Tradestar1, I do have to say that your signature had me in stitches for a little while :-)

I have never heard the cheechako thing before but not being from Alaska... you know.

I simply wanted to point out that I have many, many years of experience in this business and that what I am seeing here is a simple 2 ma crossover system which will NOT work out long term. You can try and help people and I realise that negative thoughts are not always what people want to hear.

I have nothing against ma cross systems as such, it's just that a 2 ema cross system such as this (albeit hidden behind the MACD thing) is just not profitable in the long run so if you have this knowledge why not try to pass it on to the younger traders?

It still worries me slightly that anyone would try and use an MACD 0 line cross and NOT KNOW that it is the same as a 2 ema cross system. This is symptomatic of bad research of an indicator. Again, just trying to help people out.

I wish everyone the best of luck with their trading.
  • #79
  • Jan 6, 2013 6:52pm Jan 6, 2013 6:52pm
Quoting spyderman
Dodgy,

Firstly, welcome to the forum.

As reqards the system, no one is arguing whether or not this is a 'simple' MA crossover strategy. I think I made that clear from the first post on. And yes, we are aware that the zero line cross is the same as the cross of the ema's. I also mentioned that when talking about the reason for the MA's on the chart was for alerts, etc. Obviously when the MACD crosses zero the MA's are also crossing.

I think what become irritating is when posters come on any thread and simply through out a "this will never...
I just read this after I placed my previous reply. I'm sorry you feel offended about my input into your thread. I will no longer reply to your thread. I wish you the best of luck. I was only trying to give you the benefit of my experience but I realise that the haste of youth will often overlook the caution of old age.
  • #80
  • Jan 6, 2013 7:05pm Jan 6, 2013 7:05pm
Quoting Dodgy Salmon

It still worries me slightly that anyone would try and use an MACD 0 line cross and NOT KNOW that it is the same as a 2 ema cross system. This is symptomatic of bad research of an indicator.

I think you need to re-read the thread.

Especially these parts in post #1

"So now...on with As Easy as "PI"

PI is a simple trend following system using moving averages"

"I am using the MACD with 22 as the slow MA and 7 as the fast."

Not quite sure how you got from there to being worried that I didn't know the MACD zero line cross was a 2ema cross.

If this is any indication of the diligence of any backtesting you've done well then... (sorry, couldn't resist)
0 traders viewing now