A "new" simple system based on MA | Page 50 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

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

Need a simple trade managing EA based on candle "color" 9 replies

A simple trading system - based on creativity 6 replies

Attachments: A "new" simple system based on MA
Exit Attachments

A "new" simple system based on MA

  • #981
  • Feb 5, 2013 3:50am Feb 5, 2013 3:50am
I use SL exactly the same way as You. And i stoped out often...
I am also interested in any tip!

Quoting WDays
Hello,

today i kind of screwed up. I entered there, had my TP on the daily pp, but I moved my SL too soon and as it did a second pullback I got stopped out at b/e.
I'd appreciate any tips on how to move my SL without risking that it closes my position with a fakeout, when would be the best time to do that? I use a SL below the last candle's close which is usually around 5 pips...
  • #982
  • Edited 4:00am Feb 8, 2013 3:43am | Edited 4:00am
Today succeeded my new record: 66 Pips!
Attached Image (click to enlarge)
Click to Enlarge Name: gj.JPG Size: 164 KB
  • #983
  • Feb 12, 2013 11:20am Feb 12, 2013 11:20am
Hey guys ! I would like to thank every member of this thread but especially Wdays and Bowforex who post their charts. Thank you guys ! Without you this thread would not be the same because I dont have the time to post my own charts.

Reading your posts, I can see you have some "problems" with your SL. I think that it could be psychologically hard to be out of the market very often, but with some practice you will be more and more confident with the system. Then you will increase your lots size so you can exit partially with a simple rule : the first 1/3 of your position should be exit very soon (at the last high or first resistance or 10 pips for example. Then the second 1/3 of your position will be exit at the next strong resistance (PP levels, Round Numbers, etc...) with a SL moved at B/E. The last 1/3 of your position could be exit when price cross down the LT EMAs or your initial SL. With this type of MM, you will get a maximum of pips....especially if you go on longer TF ! But you have to be patient and practice a lot before. You are on the right way. After some good practice you will be able to trade with daily and 1h TF for example. And have a look at the €/Y chart on a daily basis.....you will understand that you can make lots of money with this system !!! The friend who taught me this system (my lebanon friend) trade it with Weekly and daily charts !!!! He run his own fund with 8,000,000$...

Everything is possible ! You have a solid system here : practice a lot and keep your feelings out of your brain when you trade you will earn more money you need to live the american dream. I started to trade this system many years ago now, and today forex is my major source of incomes. I keep a job because I like it and it allows me to meet interesting people. I will quit only if I manage to setup my "learning to trade" business.
  • #984
  • Feb 12, 2013 2:36pm Feb 12, 2013 2:36pm
And many thanks to DragonSpeak too !!! I forgot him, sorry man !!!
  • #985
  • Feb 12, 2013 4:45pm Feb 12, 2013 4:45pm
Hi dear PistolDave,

Your idea to improve the system is quietly interesting. I have still posted an answer but not directly to you. Looking at your last charts I can tell you that it is the good way to improve the system. I just want to warm you about the TF you will use for a long term trade. I mean that 4H could be a very long TF to let a 1mn TF trade running ! I think that trading 1mn you have to look at 5mn TF and maybe 30mn to get a long term approach. I think that 4h is too long to let a 1mn TF trade running. But I think it is a very good idea if you trade on 15mn to get a look at the 1h TF to get the trend for your "quick" trade, and let 1/3 of your position running based on 4h TF.

Let me know what you think about it ?


Quoting PistolDave
I took the time to read over the entire thread and understand how it works. I also tried several different indicators that might help give us more of an edge, but I didn't find anything better than the ones we are using.

Several months ago, hmaoui mentioned that if anyone had an idea of how to improve the exits to let him know. The only thing I can think of that might help would be, if you recognize that you are in a long term trend, to hold some of the position until you get a long term exit signal.

On the two charts, you can see that a...
  • #986
  • Feb 12, 2013 11:40pm Feb 12, 2013 11:40pm
Hello hmaoui. System looks interresting. I have not read the whole trhead, so apologies up front if my questions have already been answered in later posts. I am bit short of time to read all at moment, but will read all later on. Just quick 2 questions, U been trading this system for 3years now, is that live or demo trading and You mentioned a 10point max spread on the 1min TF, Aint 10point spread bit large on such timeframe, My broker is 3point on the major pairs and still I think thats to wide for that time frame. Many thanks, your input appreciated
  • #987
  • Feb 13, 2013 5:24am Feb 13, 2013 5:24am
Hello! Nice to see Your post!

In my point of view, the strategy must be simple and powerfull like a bow. Your system is that! I'm very happy with my results.
I had no time, so i not traded in this week. I hope, i will be freer the second part of the week.

Quoting hmaoui
Hey guys ! I would like to thank every member of this thread but especially Wdays and Bowforex who post their charts. Thank you guys ! Without you this thread would not be the same because I dont have the time to post my own charts.
...
  • #988
  • Feb 13, 2013 5:29am Feb 13, 2013 5:29am
Hi!

As i know, hmaoui use real account for trading. "I started to trade this system many years ago now, and today forex is my major source of incomes."
My broker's spreads are around 3 pips too; i use 8-10Pips SL on M1 TF.

Quoting lampies
Hello hmaoui. System looks interresting. I have not read the whole trhead, so apologies up front if my questions have already been answered in later posts. I am bit short of time to read all at moment, but will read all later on. Just quick 2 questions, U been trading this system for 3years now, is that live or demo trading and You mentioned a 10point max spread on the 1min TF, Aint 10point spread bit large on such timeframe, My broker is 3point on the major pairs and still I think thats to wide for that time frame. Many thanks, your input appreciated...
  • #989
  • Feb 13, 2013 6:32am Feb 13, 2013 6:32am
bowforex, thank you for the reply. I will indeed read the thread and follow closely. Many thanks and many pips to you
  • #990
  • Feb 13, 2013 10:02am Feb 13, 2013 10:02am
Just 2 short trade for 12+3 Pips: i closed this trades very fast; EJ in mine mind is strongly bullis; so i worried to leave my position... so i scalped it!There was divergence on stoch heights
Attached Image (click to enlarge)
Click to Enlarge Name: ej.JPG Size: 210 KB
  • #991
  • Edited 5:15am Feb 14, 2013 3:55am | Edited 5:15am
Today morning I maked two trade;
The first trade not was a perfect setup. I moved the SL to B/E 3 Pips, and the price touched it.
The second was better, it was 10 Pips. The price tested the 125.000, but can't break out...

EDIT: end of sideway
Attached Image (click to enlarge)
Click to Enlarge Name: ej-1.JPG Size: 243 KB
  • #992
  • Feb 14, 2013 5:45am Feb 14, 2013 5:45am
Hi Hmaoui, i post you only to Thanks you for your system, i found it las week and i wuold like to trade in 1m looking the tf 5m, is a fantasteic system.
Regars and TY
Quoting lampies
Hello hmaoui. System looks interresting. I have not read the whole trhead, so apologies up front if my questions have already been answered in later posts. I am bit short of time to read all at moment, but will read all later on. Just quick 2 questions, U been trading this system for 3years now, is that live or demo trading and You mentioned a 10point max spread on the 1min TF, Aint 10point spread bit large on such timeframe, My broker is 3point on the major pairs and still I think thats to wide for that time frame. Many thanks, your input appreciated...
  • #993
  • Feb 14, 2013 7:46am Feb 14, 2013 7:46am
Hallo, i would like to ask same think, after a big movement, wenn the price is going small, to small changing the tendence and the emas are tightening, is posible to trade this trend, is not changed and the EMAS are up the price but is posible to bay counter trend? playing with the stochastic and the ADM?
TY
Quoting mel3
Hi Hmaoui, i post you only to Thanks you for your system, i found it las week and i wuold like to trade in 1m looking the tf 5m, is a fantasteic system.
Regars and TY
  • #994
  • Feb 14, 2013 3:38pm Feb 14, 2013 3:38pm
Quoting bowforex
Today morning I maked two trade;
The first trade not was a perfect setup. I moved the SL to B/E 3 Pips, and the price touched it.
The second was better, it was 10 Pips. The price tested the 125.000, but can't break out...

EDIT: end of sideway
Hi,

I've found, for myself, that trading e/j with this system is not really easy. I use Hmaoui's system for eurusd, cable and eurgbp but I'm trying to develop a system of my own for e/j, which so far has shown me somewhat okay results on demo, simply because e/j is a pretty good pair to look at. Also regarding stops, you can't really go with a tight stop on ej in my opinion... It seems it gets triggered quite easily. Best thing I came up with, also after reading hmaoui's latest post, is to look for recent highs, this means shadows too.

*edit* the reason why I don't use stops the same way on the other three pairs that I mentioned, which i trade with hmaoui's gmma system, is that I often enter near the end of a trend, since i haven't mastered it really well yet, and putting bigger stops would mess up my r/r
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 317 KB
  • #995
  • Feb 17, 2013 3:20am Feb 17, 2013 3:20am
Hello, i think, the stochastic can give us help somtimes and the small SL
Here a friday example on EJ; stronog divergence.

Quoting mel3
Hallo, i would like to ask same think, after a big movement, wenn the price is going small, to small changing the tendence and the emas are tightening, is posible to trade this trend, is not changed and the EMAS are up the price but is posible to bay counter trend? playing with the stochastic and the ADM?
TY
Attached Image (click to enlarge)
Click to Enlarge Name: div.JPG Size: 83 KB
  • #996
  • Feb 17, 2013 3:40am Feb 17, 2013 3:40am
Hi,

You entered the trade where the black circle is? Why there? And how work the MACD, what signals You use? Thank You!
I try to play with the SL, after some pips (5-10) i move it to BE. (M1)


Quoting WDays
Hi,

I've found, for myself, that trading e/j with this system is not really easy. I use Hmaoui's system for eurusd, cable and eurgbp but I'm trying to develop a system of my own for e/j, which so far has shown me somewhat okay results on demo, simply because e/j is a pretty good pair to look at. Also regarding stops, you can't really go with a tight stop on ej in my opinion... It seems it gets triggered quite easily. Best thing I came up with, also after reading hmaoui's latest post, is to look for recent highs, this means shadows too.

*edit*...
  • #997
  • Feb 17, 2013 5:13am Feb 17, 2013 5:13am
Quoting bowforex
Hi,

You entered the trade where the black circle is? Why there? And how work the MACD, what signals You use? Thank You!
I try to play with the SL, after some pips (5-10) i move it to BE. (M1)
Um no, trade was entered right below the black line that says SL and the circle is the exit. MACD tells me if we're in a bearish/bullish momentum (if below or above zero line) and more importantly when there's convergence of the MACD line and the signal line then the MACD line moves away it signals a pullback, also confirmed by histogram... I was still experimenting with this, the EMAs are fibo numbers and I use them mostly as dynamic S/R. However I ditched that idea and I now use keltner's channel and a 100 EMA, also added a very high period stochastic (15;3;3) to give me entries. I look for direction on h1/m15, take trades on m5/m1. But i dont want to hijack hmaoui's great thread, so I can give u additional information in PMs or something.

Sorry for going so offtopic.
  • #998
  • Feb 17, 2013 9:17am Feb 17, 2013 9:17am
Two techniques to increase your win rate and return

With any retracement strategy such as this one, perhaps the best way to increase the probability of your trades is to only trade pullbacks in which (for longs) the last high was confirmed by a "new momentum high." This is because the best leading indicator of price is momentum, in my opinion. So you only take trades in which momentum has not yet peaked, assuming PA is appropriate and fits your requirements. Once you see momentum has already peaked, you do not take that next pullback.

To do this, you need a momentum indicator. Every time you see price pull back, check to see if the last high (of the impulse wave) was also confirmed by a new high in the momentum indicator. If so, you can trade the pullback, assuming PA is copacetic. If the indicator did not confirm the last high, and thus you have divergence, pass on the setup.

Equally as important is this: On average there are three pullbacks in a trend. Some trends have one, and others have eight or more. But the average is three, and this is across all TFs and all liquid markets. The highest probability pullback is the first in a new trend, followed by the second. After this, the probabilities of a winning trade decline. Therefore, to increase your probability of success, in most cases consider limiting your entries to the 1st and 2nd pullbacks in a trend.

Make it a great trading week
  • #999
  • Feb 18, 2013 4:19pm Feb 18, 2013 4:19pm
No,

It is not a spread it is a SL level which includes your spread. I mean if your broker gives you 3 pips, then you have to put your SL at 10 pips including these 3 pips.

Quoting lampies
Hello hmaoui. System looks interresting. I have not read the whole trhead, so apologies up front if my questions have already been answered in later posts. I am bit short of time to read all at moment, but will read all later on. Just quick 2 questions, U been trading this system for 3years now, is that live or demo trading and You mentioned a 10point max spread on the 1min TF, Aint 10point spread bit large on such timeframe, My broker is 3point on the major pairs and still I think thats to wide for that time frame. Many thanks, your input appreciated...
  • #1,000
  • Feb 18, 2013 4:24pm Feb 18, 2013 4:24pm
I do not advise you to trade against the trend !!!! Please focus on the A+ trades : in the direction of the main trend, with a nice timing and a tight SL. On the long term you will earn money for sure. Countertrend trading is very risky. And do not forget that you have to trade with favorable probabilities !!!

Quoting mel3
Hallo, i would like to ask same think, after a big movement, wenn the price is going small, to small changing the tendence and the emas are tightening, is posible to trade this trend, is not changed and the EMAS are up the price but is posible to bay counter trend? playing with the stochastic and the ADM?
TY
0 traders viewing now