Do you believe moving average systems work? | Page 15 | Forex Factory

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Do you believe moving average systems work?

  • #281
  • Jul 3, 2013 4:06am Jul 3, 2013 4:06am
Quoting 45drive45
{quote} Hi, i was lurking in the forum and I thought you took the trade after the MA cross of there is 'rainbow'. Are you saying that you take the trade upon Price crossing below the mid MA? and not the MA cross? And your entry at B, you took it before the candle closed?
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if you look on this 10 min chart, I have circled the area where I entered the trade yesterday on the 09-00 candle uk time. I managed to get in early but it soon retraced so I got out with 10 pips if I remember, I can prove it as I only try this using small pip stake
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #282
  • Jul 3, 2013 4:12am Jul 3, 2013 4:12am
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I circled the candle which broke the 30 ema, I got in early, I was expecting to be busted but hey ho
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #283
  • Jul 3, 2013 11:27am Jul 3, 2013 11:27am
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I traded this cross at C, speaking the truth I did enter it slightly earlier than my method suggests, BUT I had already traded off that inside bar big time B, and yes folks A= I got busted, but everything is fine, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #284
  • Jul 3, 2013 11:31am Jul 3, 2013 11:31am
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for the doubters lol, small trade but the method looks good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #285
  • Jul 3, 2013 11:41am Jul 3, 2013 11:41am
Turveyd, Hi bud hope your good, I am just chilling out and wife is doing my head in lol, she is making me want to drink , but alas I shall not
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #286
  • Jul 3, 2013 11:47am Jul 3, 2013 11:47am
Here you go, $500 bucks in 6 mins.

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  • #287
  • Jul 3, 2013 11:51am Jul 3, 2013 11:51am
Quoting CrucialPoint
Here you go, $500 bucks in 6 mins. {image}
nice one, was that trading MA or your own thing, I did well with japan/uk/us open range tradeds, but my MA trial was good in a little way lol, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #288
  • Jul 3, 2013 8:04pm Jul 3, 2013 8:04pm
apparently this guy had/has MA's all worked out

go to post 1, there is a pdf there
  • #289
  • Jul 3, 2013 8:39pm Jul 3, 2013 8:39pm
Quoting billytt
{quote} {image} if you look on this 10 min chart, I have circled the area where I entered the trade yesterday on the 09-00 candle uk time. I managed to get in early but it soon retraced so I got out with 10 pips if I remember, I can prove it as I only try this using small pip stake
Ah I see, I am not questioning you exactly but I did not get it that you went down to the lower tf. That is why I was surpised on your entry. Yes, on the 10 minute chart the entry is as you have described it in the rules.
The main reason I am asking, is that I wrote an EA to test the crossover and approximate the "look" of the rainbow. But I was running it at 1H timeframe.
Thanks for your explanation
  • #290
  • Jul 4, 2013 2:01am Jul 4, 2013 2:01am
Quoting 45drive45
{quote} Ah I see, I am not questioning you exactly but I did not get it that you went down to the lower tf. That is why I was surpised on your entry. Yes, on the 10 minute chart the entry is as you have described it in the rules. The main reason I am asking, is that I wrote an EA to test the crossover and approximate the "look" of the rainbow. But I was running it at 1H timeframe. Thanks for your explanation
I only trade the e/j with this method . I looked at trying us oil but NO CHANCE with this method as for e/u and g/u I am still testing e/j only. My daughter trades ( or did trade) e/u only using 2/20 ema cross over, But her method, the candle has to actually close and she is very specific with her entries more so than me lol, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #291
  • Jul 4, 2013 2:11am Jul 4, 2013 2:11am
Still working out kinks here and there, but the one bit of information I needed with these MA's was right there. Could've made a lot more with the action last night, but I was focusing on the system. My take on mean reversion.
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Play the players, not the cards.
  • #292
  • Jul 4, 2013 2:58am Jul 4, 2013 2:58am
Quoting CrucialPoint
Here you go, $500 bucks in 6 mins. {image}
I don't think that screenshot proves anything! It is just a screenshot and not a system.
We don't even know if the positions are taken according to moving averages or no!
  • #293
  • Jul 4, 2013 3:37am Jul 4, 2013 3:37am
Quoting shahroor
I would like to hear what others think about moving average systems , do you believe they have potential and why ?
FWIW

IMO
- most of the ma based systems are crossover based
- they work but only in trending markets (in the TF one is trading; higher the better(generally))
- highly liquid instruments/pairs are better suited for such systems
- If markets chops, those systems die to death,
- except if there are some other filters in place (which may make a plateau on curve)
- So yes i believe they have potential and they work but are not of much use in choppy markets

Personally use/d a MA based strategy with 2/3 non-ma PA based filters and though its NOT something amazing, it is backtested(5yrs) as well as forward tested (2yrs+) for some 15-40% a year on 2 specific pairs with very low risk/trade.
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #294
  • Jul 4, 2013 3:49am Jul 4, 2013 3:49am
Quoting forexsaint
{quote} FWIW IMO - most of the ma based systems are crossover based - they work but only in trending markets (in the TF one is trading; higher the better(generally)) - highly liquid instruments/pairs are better suited for such systems - If markets chops, those systems die to death, - except if there are some other filters in place (which may make a plateau on curve) - So yes i believe they have potential and they work but are not of much use in choppy markets Personally use/d a MA based strategy with 2/3 non-ma PA based filters and though its NOT...
I agree, it is like trading envelopes, to make them better filter out the noise.
I hold my hand up and say a lot of MA trading is doomed, mainly because of the whipsaw/consolidation/ranging blah blah So the entry has to be SOUND/GOOD and hopefully the method can withstand the bouncing around. What I am trying is specific entries which happen maybe once a day if at all sometimes twice and stick to method. Like my daughter said about trading ranging/consolidation ONLY AN IDIOT WOULD TRADE THEM, then again she doesn't know lol, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #295
  • Jul 4, 2013 3:53am Jul 4, 2013 3:53am
I have nothing promising at the moment regarding MA cross etc, but for the PA guys we do have 2 inside bars on hour chart e/j, maybe it might bounce off the 30 ema or proceed <<<<<<<<<<<<<<< Typical guru talk or politician, no proper answer lol
In my main trade I am longing e/j but it was good for the first 10 pips and now hard work, so less chat, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #296
  • Jul 4, 2013 4:22am Jul 4, 2013 4:22am
I havent had good opinion about MA trading in the past but it dramaticaly changed in last months. I use them for scalping on 1 min in same way as Choros with adding off Bolinger band. And i have great resutls. so MA are great tool for trading for me .
  • #297
  • Jul 4, 2013 4:24am Jul 4, 2013 4:24am
To slow today, mpc rates and july 4th, i dont trade when there is no direction, solves the chop issue nicely.


Bored suppose i better get up and to client.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #298
  • Jul 4, 2013 4:35am Jul 4, 2013 4:35am
Mr T, I forgot about 4th July lol. At the moment I am on the ropes being pummelled lol, this happens a lot but I do not normally tell people lol. It will end up good though. be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #299
  • Jul 4, 2013 4:38am Jul 4, 2013 4:38am
Quoting Kanzler
{quote} Do not lecture me as if I am a schoolchild shahroor. This topic is about the authenticity of moving average systems and therefore I have been writing my counterarguments as to why I strongly believe they are a path to ruin. If you don't like them perhaps you should write something to refute my statements or support your own instead of jumping off topic. I have not called you "foolish" in the previous statement - what I did do, however, is say that buying high and selling low is a foolish act. How are you supposed to make a profit buying...

you are the muppet dude!!! I have produced sound evidence that MA works.I can even show my account....but why bother,stooge.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #300
  • Jul 4, 2013 4:39am Jul 4, 2013 4:39am
EMA is one of the best trend indicator as it approximate the general direction of the market.

However, using EMA crossovers as buy or sell signal doesn't always work; crossovers come too late when the strength of the trend has already been dissipated.

For me, I used EMAs as support and resistance only.
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EMA Addict
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