Do you believe moving average systems work?

I am currently looking at those lovely inside bars on e/j on hour chart, like I said previously ,, normally when you have several ibs together it normally goes gooooood when it does go, be good.

the 3 ibs, after the first one they can be traded aggressively or you can wait to trade off the mother bar.

I am only speaking ibs as I have nothing going on with th MA whether it is 2/20 or 9/18/30 ema cross, it is all quiet

thinking out aloud, The scenario could be,,, IF candle drops so ib mother bar can be triggered, it looks like the 2/20 ema cross would of happened (or will) like my girl trades (or did) . I am not too sure if she would trade this though as I do not know the time spell since the last one. But it could be good. I will ask her when she is back from school (if she is talking) lol

A = I cannot say if this can be counted as closing below the 20 ema as daughter would trade lol....
B = this was the break of mother bar trading the inside bar...
let us continue to see what happens

BINGO,,, A = mother bar trigger for inside bars,,,
B = this candle did close def below 20 ema for an entry, I cannot say yet if my girl would of traded it

ok guys , based on our strategy principle that markets likely to continue higher if it makes new high ie continue the trend . in this scenario: following our exit market did close above both MAs again however it didnt make new highs and it didnt dross both MAs to the opposite direction so we dont re-enter long

in summary we have 2 conditions to re-enter a position after we exited
1- price makes new highs for longs/lows for shorts
2- price crosses both MAs following our exit and reverses back to trigger a new long /short signal as per our original entry rules

nothing doing regarding MA so I posted this chart. Like yesterday we had 2 inside bars A = mother bar.. followed by 2 ibs on hour chart. The mother bar was triggered with a long for approx. 10 pips, I was surprised at this small amount but then it shorted for 50 pips.These things are good to watch especially if you have an MA entry approaching

my memory is sooooo bad, I am trying out my girls method on e/u. I had an entry on 2/20 ema long, lets see what happens. I have no other trades open now following the japan then uk open

1 hour chart e/u with 2/20 ema,, A = candle closed above the 20 ema and B = a length of time with gap between the two emas, so I entered long, I got 10 pips as the girl would do but some times she does go for 20 pips. I am sure she would of traded this lol, lets see what happens, be good

Lol broker agent. If I were a broker agent I would be telling you to go full steam ahead with this, why would I care? Money management won't save you if you take a bunch of small losses on your way to finding the "big win". It'll slow it down but in the end you still have a strategy that isn't going to bring in what you expect. Run this strategy on a demo account for a few months and let's see where it ends up.

where is everyone

It appears people are no longer interested in this strategy therefore I won't bother sharing any more updates on our system development. Many thanks for the ones who contributed to this thread. God bless you all.

Always the way, the hope it'll be the next thing since sliced bread, then realise it'll need hard work and patience and go looking for the next sliced bread.

yea, everyone is looking for fast, easy money.
I am using also a very simple MA method whihc is trend following method. So simple in fact, that at times i tend to complicate it.
I have a 'student' who has been using it to good effect.
It's on 5M as we have very little time to trade ( being in Asia ) and also having full time jobs.
Trading time is between 8EST to 11 EST.
We only trade EU, AU, GY and AY.
why? because that was all that i tested on and it gives enough trades if the other pairs are not 'behaving'.
So during 8-11 EST, we will have 3 - 4 good signals on the 4 pair combination and that is more than sufficient.
We trade 2% per trade and that gives usually 2-4% daily ( if we follow the rules).
I have wriiten a simple EA in which we run it at Manual COnfirmation mode, because there is still some discretionary element.
The EA serves mainly to alert and also to fill up the orders quickly. So we do not need to bother about filling up the lot size or the sl/tp levels. The EA handles all that automatically. We just need to spend the seconds we have (15-30s) to decide if the signal is good or maybe not so good. Being at 5M, every seciond counts and spending time filling up the order details is too distracting and leaves less time for a decision.
I do have the EA running on Auto in a demo account and as expected, it does not perform as well as with the Manual confirmation.
Take a look at this myfxbook link. If you filter out trades being done by my students that were not off this method ( ie not of the 4 pairs listed above), you will see that the results are fairly impressive. My student have an issue with greed and discipline and we are working on that. In fact my student doesbetter than me because i tend to overthink. Thats something I need to oversome myself.

http://www.myfxbook.com/members/Jopee9/mt4-29579/608442

So, while the thread starter may become disillusion by the lack of participation, I believe that he has a good working method and whether we use MA or whatever, each method has a sweet spot and you have to be disciplined enough to trade only in that sweet spot. For my 5M method, the sweetspot is mainly the trading hours and the 4 pairs. The EA is just an assist. And also an indicator built on the same logic helps in visual backtest. In the end, results are best when we use our own eyes and minds to make the decision because EA just cannot 'see' the big picture even though mathematically it meets the conditions of the trade.

Best of luck everyone and to billytt and sharoor. I have learnt from this discussion and ehn i have more time, I will surely create a simple EA to trade this 'manually' for testing.

Hi Shahroor,
I have been following the last week and found it all very interesting and would love to continue it all.
I apologize for not contributing straight away as I am quite new and wanted to learn a little more first.
As a newbie point of view I am happy to help and hope more people lurking might come forward to help too.
Let me know if there is anything I can do to help.
All the best
Jay

I believe moving average systems work。
At the same time, I think it's a question of probability.

Sharoor, keep posting it gets people thinking. I personnaly cannot trade over a long period of time it just is not my nature lol, but I can see where you are going with it. I traded my girls method yesterday and was busted lol but lucky for me we had an inside bar which I traded and got out of jail. I asked my girl later how she would of traded it and she said if I gave her some money she would tell me lol. So £5 invested in her she said she too would of been busted lol. (HAVE I NOT BEEN LISTENING TO HER). I am actually using her method right on on e/u short

regarding the short I am in, I can stick a chart in and also my girl reckons the trade I did yesterday which was busted could well be a level to trade

A = candle closed below the 20 ema next candle was entry
B = yesterdays trade BUSTED
C = this should be a level to aim for, my girl makes 10 to 20 pips, lets see what happens