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Simple Sma-based strategy

  • #21
  • Aug 10, 2013 11:12am Aug 10, 2013 11:12am
Quoting Davit
{quote} Hi I think you are too much involved with MA's.I use scaling in and out as well and to me its the key to success in Forex. Consider that 80% forex is NOT trending instead most of times what you think its a trend is in fact price is within channel.Once you see this in bigger TF then everything starts making sense. {image}
I don’t think I am too much involved with MA's, believe me. It took me a long time to be convinced to go back and trade using MA's, after I tried it at the past and was very upset using them.
This time it works great!
  • #22
  • Aug 10, 2013 11:25am Aug 10, 2013 11:25am
Quoting smilee89
{quote} I don’t think I am too much involved with MA's, believe me. It took me a long time to be convinced to go back and trade using MA's, after I tried it at the past and was very upset using them. This time it works great!

Hi
Please don't feel defensive.Could you state because I have not seen any results posted.
How many trades you took using your system and how many pips you made in what duration of time.
thank you
In trading, you have to be defensive and aggressive at the same time
  • #23
  • Aug 10, 2013 11:32am Aug 10, 2013 11:32am

Edit - Aug 10, 2013: Do not upload EA results without uploading the EA itself and its backtest track history. I can't test it and see if EA works exactly by the rules.

  • #24
  • Aug 10, 2013 11:37am Aug 10, 2013 11:37am
Quoting Zerrox
{quote} Hi I have tried backtesting this strategy with an EA from 2013-01-01 to 2013-06-01 with 99% model quality on the 5 min TF. It uses the parameters as per post 1, with stops below the SMA_400 and TP 30. Most of the pairs have been losing money over this period. The losers simply outweigh the winners by to much. The EA can be winning for months, but a short loosing streak will wipe all the profits and then some. Perhaps it takes a bit more finesse than just trading it mechanically to trade this profitably. As far as i can tell it follows the...

Just saying back testing a system without trader's discretion is useless.
Smiley could exit a trade for example before a major news announcement! at 30SMA instead of 400 thus limit his losses.
I think much depends on a trader's experience how one is able to read Price Action and understanding fundamentals.
In trading, you have to be defensive and aggressive at the same time
  • #25
  • Aug 10, 2013 11:38am Aug 10, 2013 11:38am
Quoting Davit
{quote} Hi Please don't feel defensive.Could you state because I have not seen any results posted. How many trades you took using your system and how many pips you made in what duration of time. thank you
I traded 300+ trades (200 1st entries + 100 2nd, 3rd and 4th entries).
Approx. 30 pips for 1st trade.
Be aware that for 3rd and 4th entries you don't need to catch a lot of pips since you use a bigger lotsize which covers the 1st and 2nd entries with a small move to your direction.
  • #26
  • Aug 10, 2013 11:51am Aug 10, 2013 11:51am
Quoting smilee89
{quote} I traded 300+ trades (200 1st entries + 100 2nd, 3rd and 4th entries). Approx. 30 pips for 1st trade. Be aware that for 3rd and 4th entries you don't need to catch a lot of pips since you use a bigger lotsize which covers the 1st and 2nd entries with a small move to your direction.

It would of been great if you actually posted something like this.Anyone can type any numbers.
My July results on my live mini account.Not showing off but what I posted would be considered factual.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 21 KB
In trading, you have to be defensive and aggressive at the same time
  • #27
  • Aug 10, 2013 12:30pm Aug 10, 2013 12:30pm
This is 1 of my accounts - Live account!
Attached Image (click to enlarge)
Click to Enlarge Name: 5sma - statement.png Size: 25 KB
  • #28
  • Aug 10, 2013 12:33pm Aug 10, 2013 12:33pm
As you can see I started with small profits, and later-on I increased my risk (lotsize got bigger for every trade) and so my profit.
  • #29
  • Aug 10, 2013 12:46pm Aug 10, 2013 12:46pm
Quoting smilee89
As you can see I started with small profits, and later-on I increased my risk (lotsize got bigger for every trade) and so my profit.

Congrats. 600% increase in 90 trades.I see you took enormous risks but paid off.Your style is good but risk is dangerous specially for newbies.
Keep going friend
In trading, you have to be defensive and aggressive at the same time
  • #30
  • Aug 10, 2013 12:51pm Aug 10, 2013 12:51pm
Quoting Davit
{quote} Congrats. 600% increase in 90 trades.I see you took enormous risks but paid off.Your style is good but risk is dangerous specially for newbies. Keep going friend
Thanks Davit, I appreciate your words.
The risk can be changed of course according to each trader.
I.e, if you risk only 1% of your account per trade (divided to Max. 4 entries) you can gain profit of 200% after 1 year (500-800 trades). DD can be approx. 20% to the Max.

So, you don't have to risk as I risk my account.
It fits to every trader, newbie or experienced!
  • #31
  • Aug 10, 2013 2:40pm Aug 10, 2013 2:40pm
Hello,

very interesting system!
I see that in your pics you write "and all SMAs are in order"

what do you mean by that? SMAs need not to be crossing each other when counting the 10+ bars ?

thanks
  • #32
  • Aug 10, 2013 3:13pm Aug 10, 2013 3:13pm
Yes, except Sma_300, which can be below or above any other Sma.
  • #33
  • Aug 10, 2013 3:53pm Aug 10, 2013 3:53pm
Here is a good case when price went way back down before the pullback in the direction of the trend/trade.

According to the money management explained in the first post:
1st entry - 0.1 lot=~1$ per pip
2nd entry - 0.1 lot=~1$ per pip
3rd entry - 0.3 lot=~3$ per pip
4th entry - 0.6 lot=~6$ per pip

After all 4 entries we don't need the price to go back (up) so much to close in profit.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfh1.png Size: 38 KB
  • #34
  • Aug 10, 2013 4:53pm Aug 10, 2013 4:53pm
After the setup conditions are made for long or short, it matters not, if the 30/60 MA cross afterwards?
  • #35
  • Aug 10, 2013 4:55pm Aug 10, 2013 4:55pm
Quoting Rahimseven
After the setup conditions are made for long or short, it matters not, if the 30/60 MA cross afterwards?
No.
I don't look at MA cross at all.
  • #36
  • Aug 10, 2013 5:37pm Aug 10, 2013 5:37pm
Do you have an EA or do you trade a certain time a day? Are your live results purely from this method? By the way thanks for sharing.
  • #37
  • Aug 11, 2013 1:27am Aug 11, 2013 1:27am
No EA.
Mostly Europe and USA trading hours.
  • #38
  • Edited 6:42am Aug 11, 2013 3:07am | Edited 6:42am
Thanks smilee89 (http://www.forexfactory.com/smilee89) for sharing your system, I like the simplicity and it looks effective, I will try it out on a demo on Monday and will have to use pending orders on 1H charts (using a VPS) around the MA levels due to having a day job.

I wonder if anyone would be able to recommend/share a non-commercial 'trade management EA' that can close trades on a set TP in $$$ and likewise on S/L by pair only, not by basket.

Thanks in advance.
  • #39
  • Aug 11, 2013 5:23am Aug 11, 2013 5:23am
Here is an example of a volatile pair - euraud 15min.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm15.png Size: 52 KB
  • #40
  • Aug 11, 2013 5:28am Aug 11, 2013 5:28am
1 tip:
If Sma_400 is too far (and so is the SL) you can -
a. skip 1st entry
or
b. skip the whole trade


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