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Simple 5 / 8 moving average crossover

  • #1,021
  • Apr 9, 2013 12:08pm Apr 9, 2013 12:08pm
Quoting ReyesWhite
I'm also a big beliver that the simpler a system is, usually the more profitable it is too. I think the main problem every trader has though is, how do you avoid a ranging market? I feel i may have found a simple solution to this by using additional indicators. 1) First i make sure price is above the 5 and 8 MA on both H4 and D1 charts 2) I then make sure Stoch, CCI, RSI and MACD are all up on H4, then i make my entry on an H4 chart. I think the benefit of using 5 and 8 ma's are that they don't lag as much as higher ones.
The problem I think if you add more and more indicators you are going to get to point where you will rather not pull the trigger which I think is wrong.

Stoch, CCI, RSI and MACD is at the end of the day just telling you actually the same thing but if it works for you by all means use it. But get something that works for YOU.

I rather use money management to keep my losses small and not over 1R (and also not betting the house on every trade) in ranging periods and I then know my winners will make up for them especially if you just let simple 5/8 run until it says get out.
  • #1,022
  • Apr 9, 2013 12:56pm Apr 9, 2013 12:56pm
Quoting Krypty
The problem I think if you add more and more indicators you are going to get to point where you will rather not pull the trigger which I think is wrong. Stoch, CCI, RSI and MACD is at the end of the day just telling you actually the same thing but if it works for you by all means use it. But get something that works for YOU. I rather use money management to keep my losses small and not over 1R (and also not betting the house on every trade) in ranging periods and I then know my winners will make up for them especially if you just let simple 5/8...
You're right and i agree, it's what works for you as a trader. I have tried to follow various systems from people in the past, but failed to turn over profits, mainly because it wasn't my system to begin with and it's difficult to put someone elses plans into action.
  • #1,023
  • Apr 9, 2013 2:10pm Apr 9, 2013 2:10pm
My success with this strategy, using mainly the 4H at 7am cdt/us, is looking for a strong cross ie. the ma's pointing at "2" or higher or "4" or lower (clock dial.) I also use rsi with levels of 45 & 55 and yes, I have taken trades where I could see the rsi was above or below the 50 but not yet touching the 45 or 55.

I also have a 100 & 200 ema on the chart just to denote trend; I may peak at the D TF for verification of trend but usually just the 2 emas on the 4H. I stay away from flat type crosses or where there is no separation or if the 5&10 are "tangled." I don't like little candles or great big ones either. The beauty of this simple strategy is 15 minutes: I look at the calendar to see what happened during the Asian and London plus what is coming up and then it's to the 8 prs I trade during the NY session. If I don't see a good possibility at 7 am I may look at the hourly at 8 am. Then I go about having a life away from the computer.
  • #1,024
  • Apr 10, 2013 11:10pm Apr 10, 2013 11:10pm
Hi Guys.

do you have any dashboard for two moving average crossover?
  • #1,025
  • Apr 11, 2013 6:05am Apr 11, 2013 6:05am
Quoting bedayan
Hi Guys. do you have any dashboard for two moving average crossover?
I guess I don't understand; wht would the benefit be?
  • #1,026
  • Apr 11, 2013 7:21am Apr 11, 2013 7:21am
Quoting piprac
I guess I don't understand; wht would the benefit be?
Hi Piprac,

I trade 30 plus pair and in daily chart..Instead of looking at each pair one by one.We can first just look at the dashboard which is having valid cross over.Then we can go to respective chart and decide on the trade.
  • #1,027
  • Apr 11, 2013 7:52am Apr 11, 2013 7:52am
Quoting bedayan
Hi Piprac, I trade 30 plus pair and in daily chart..Instead of looking at each pair one by one.We can first just look at the dashboard which is having valid cross over.Then we can go to respective chart and decide on the trade.
Now I get it. I only trade 8 prs on the 4H so I may look at the D & 1H for trend indications or just see a likely setup on the 4H and pull the trigger. Wow, 30 pr - at least you can probably find one good trade, yesterday I didn't see one so no trades at all.
  • #1,028
  • Apr 11, 2013 8:22am Apr 11, 2013 8:22am
Quoting bedayan
Hi Guys. do you have any dashboard for two moving average crossover?
What I have is a 5/8 (or you can actually set the ema's to what you want) crossover indicator that sends a alarm so then I can quickly check those first.
Attached File(s)
File Type: mq4 EMA Crossover Signal.mq4   4 KB | 1,184 downloads
File Type: ex4 EMA Crossover Signal.ex4   4 KB | 901 downloads
  • #1,029
  • Apr 11, 2013 9:32am Apr 11, 2013 9:32am
Quoting Krypty
What I have is a 5/8 (or you can actually set the ema's to what you want) crossover indicator that sends a alarm so then I can quickly check those first. {file} {file}
actually looking for dashboard for moving average crossover.This indicator I am having.I trade only in daily time frame.

It will list all the pairs in one screen.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB
  • #1,030
  • Apr 15, 2013 1:51am Apr 15, 2013 1:51am
Quoting bedayan
actually looking for dashboard for moving average crossover.This indicator I am having.I trade only in daily time frame. It will list all the pairs in one screen. {image}
Pls, can you upload your dashboard for us to download.
  • #1,031
  • Apr 15, 2013 6:46am Apr 15, 2013 6:46am
Bedayan - a very interesting dashboard but how does one interpret a pair where on a particular TF, say the 1H, it has 2 red and 1 green arrow. And sometime the order of the colors vary, a green in the middle or a green to the far left or far right. Reminds me of the old saying, the devil is in the details. Thanks for posting, it sure would help for anyone following more than a half dozen pairs. piprac
  • #1,032
  • Apr 15, 2013 7:41am Apr 15, 2013 7:41am
Please note above screenshot attached is not moving average crossover dashboard.That is dashboard for an other strategy.

I want moving average crossover dashboard.I have added that for example pupose only.

Can somebody make dashboard for moving average crossover?
  • #1,033
  • Apr 15, 2013 10:45am Apr 15, 2013 10:45am
Quoting bedayan
Please note above screenshot attached is not moving average crossover dashboard.That is dashboard for an other strategy. I want moving average crossover dashboard.I have added that for example pupose only. Can somebody make dashboard for moving average crossover?
Okay, now I get you.
  • #1,034
  • Jun 6, 2013 5:29am Jun 6, 2013 5:29am
Quoting Krypty
{quote} What I have is a 5/8 (or you can actually set the ema's to what you want) crossover indicator that sends a alarm so then I can quickly check those first. {file} {file}

It's just another point of view...i used already 5/12 EMAS...it's a little bit noise when i used in H1 timeframe.....
  • #1,035
  • Jul 19, 2013 1:49am Jul 19, 2013 1:49am
Quoting bedayan
{quote} Hi Piprac, I trade 30 plus pair and in daily chart..Instead of looking at each pair one by one.We can first just look at the dashboard which is having valid cross over.Then we can go to respective chart and decide on the trade.

Which platform you use?
  • #1,036
  • Jul 19, 2013 8:02am Jul 19, 2013 8:02am
Quoting prentis31
{quote} It's just another point of view...i used already 5/12 EMAS...it's a little bit noise when i used in H1 timeframe.....

In what TF are you using 5/12 ema crossover?
  • #1,037
  • Edited 4:04pm Jul 22, 2013 1:06pm | Edited 4:04pm
Personally I use 13 and 21 EMAs (Fib Numbers) look for the break and then wait for the pull back before entering with the trend. Look for the break of inside bars to get into a trade with the trend. Set a SL below/above the setup candle and look to exit at the nearest S/R level make sure you have at least 1:1 RR.

it's as easy or as hard as you want to make it!!
Attached Image (click to enlarge)
Click to Enlarge Name: 22nd July 13 EUR:USD H4 Chart.png Size: 126 KB
  • #1,038
  • Jul 22, 2013 10:27pm Jul 22, 2013 10:27pm
Quoting stevepatt
Personally I use 13 and 21 EMAs (Fib Numbers) look for the break and then wait for the pull back before entering with the trend. Look for the break of inside bars to get into a trade with the trend. Set a SL below/above the setup candle and look to exit at the nearest S/R level make sure you have at least 1:1 RR. it's as easy or as hard as you want to make it!! {image}
Nice one. I am using 5/15 and on lower tf 5/21.
Same principles that have been around for years.
Buy the dips, sell the rallies.

Works 100% ???, no, never.
But with the proper mm and trade management, RR up to 4:1 or more is attainable for each cross.
And yea, of course when it goes into a range, it will kill you. So, try to enter only when the cross leaves some "space" between the MA. Other than that screen time would also give you clues.
  • #1,039
  • Jul 22, 2013 11:46pm Jul 22, 2013 11:46pm
Looking at the two charts which one would you rather be trading?

Without waiting for a pull back in the trend you don't know which type of market you are going to be trading.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 23rd July 13 EUR:USD H4 Chart.png Size: 136 KB
Click to Enlarge Name: 23rd July 13 AUD:USD H4 Chart.png Size: 127 KB
  • #1,040
  • Jul 23, 2013 3:18am Jul 23, 2013 3:18am
Quoting stevepatt
Personally I use 13 and 21 EMAs (Fib Numbers) look for the break and then wait for the pull back before entering with the trend. Look for the break of inside bars to get into a trade with the trend. Set a SL below/above the setup candle and look to exit at the nearest S/R level make sure you have at least 1:1 RR. it's as easy or as hard as you want to make it!! {image}
Steve

Can you maybe please elaborate on your quote for setting your Stop Loss above or below the setup candle.

If I look at your first posted chart with the 2 trades, on the first trade after you have entered you do get a lower candle. Would this not have taken out a SL?

I am trading a similar 5/8 EMA system but would like to get the SL placement more optimized as I think mine is very wide (100-300pips on a 4H/Daily timeframe) and RR could be suffering because of this.
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