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A "new" simple system based on MA

  • #1,081
  • Nov 5, 2013 1:29am Nov 5, 2013 1:29am
Here is an example of the KISS method : we use the same indicator (RSI) with different parameters to confirm the trend and the timing. The advantage is that you have only one indicator to master to get your system. Of course you can use DMI, MACD or something else to confirm the trend, and Stochastics or whatever oscillator you want to get the timing. But here we have only one indicator to get the whole and it is true it could be an advantage (dixit my bro').

P.S. : It is a 1h chart and at the same moment, the daily chart was up
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  • #1,082
  • Nov 5, 2013 1:47am Nov 5, 2013 1:47am
Here an analyze of the €/$
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  • #1,083
  • Nov 5, 2013 2:47am Nov 5, 2013 2:47am
DMI+ DMI- Is very powerfull with conjunction of moving average or simple atr trend
  • #1,084
  • Nov 5, 2013 2:48am Nov 5, 2013 2:48am
hmaou, best of luck
  • #1,085
  • Nov 5, 2013 3:14pm Nov 5, 2013 3:14pm
Quoting hmaoui
Here an analyze of the €/$ {image} {image}

Unfortunately the scenario I hope on the €/$ did not happen....that's not important ! Because I had a plan and I followed it not trading this market. But now have a look at the cable ! You can easily understand that the philosophy is good to earn money. Look at the charts uploaded.
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  • #1,086
  • Nov 6, 2013 2:13pm Nov 6, 2013 2:13pm
Hello traders ! As you maybe know I launched a poll about the system. I ask you to vote according to your opinion. At the moment, the results are not very useful because we dont have enough votes. But the begining is almost good. We have only 3 guys that consider the system is bad....but these guys never posted on this thread and never tried the system for sure ! One of them has his own threads one named 10 minutes for profit making advertising for binary option....I let you see by your own.

For serious people who tried the system and who voted negative, I am at your disposal to get your remarks about the system. Maybe you dont use it correctly, maybe you dont master it, or maybe it does not suits you. In any case, I can answer your questions and try to help you mastering this system.

Nice trades.
  • #1,087
  • Nov 7, 2013 5:11am Nov 7, 2013 5:11am
hi hmaoui, sorry, now i found, where to vouch for.
A little bit late, but was bussy - the charts with the higher timeframe LT guppy.
Blue/tourqois step lines are the 15 minute LT guppy lines, the thin is always the 30 EMA and the thicker line is the 60 EMA...our LT range (i am using MTF_movingaverages).
The orange lines are my H1 and the limegreen are my H4. In the higher timeframe H4, i have even the daily LT guppy, you can manage this in metatrader4 with the timeframeaccess or permission, so it will be everything in on chart, but depend in which timeframe you are.
Like i said, i like to/can see at once, if it is just a pullback to the H1 or a break of the H1(price above LT H1) - but i am more a scalper/intraday trader.
Look at the examples, the break of hmaouis gbpusd
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  • #1,088
  • Nov 7, 2013 6:58am Nov 7, 2013 6:58am
120 pips in poket
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  • #1,089
  • Nov 7, 2013 7:30am Nov 7, 2013 7:30am
@tantra

good for you, but that means anything, when your risk was 1000 pips - because that is gambling(120 pisp earning for 1000 pips risk)
lok like hmaoui has done it - 60pips earning, 20 stop, means 1/3 riskratio and depend to the IR(how many %). If the IR was 500%risk, so it will not help youuu long term if you have 1:3 ratio
  • #1,090
  • Nov 7, 2013 8:22am Nov 7, 2013 8:22am
Quoting opips
@tantra good for you, but that means anything, when your risk was 1000 pips - because that is gambling(120 pisp earning for 1000 pips risk) lok like hmaoui has done it - 60pips earning, 20 stop, means 1/3 riskratio and depend to the IR(how many %). If the IR was 500%risk, so it will not help youuu long term if you have 1:3 ratio
Where did you see that my risk is 1000 pips.
Set an example by making long-term profits ..
Risk 3 to win one?
Or to risk 50% of the bank and 3 stops one after another to tell me Margin Call?
My risk is 1% and is now +6%
Tomorrow will be a very nice day of that
  • #1,091
  • Nov 7, 2013 9:06am Nov 7, 2013 9:06am
@tantra

1% risk, perfect - great job!!!! and i am happy for you.....chrismas time and gifts are coming...

I took always the alarm button, if somebody says only xx pips - huge number, because it means nothing. It blind new or unexperienced traders of the huge number and will not see, what's important. The most important thing, like you said for newbies, that you took 1% risk!!!
@all
For newbies, it doesn't matter if somebody says xx pips profit, or xx pips stop - it has to be 1..2 or xx% of risk(experienced one know to take the risk higher at special times or situations like hmaoui). It could be 5 pips or 1000 pips risk...but like tantra 1% risk!!

Tantra's example: He made 120 pips, risk was 1%, earnings 6% -> 1:6 ratio and his stop 20 pips. Now he has 6 times 1% free shots, and if all are bad, he will be at the same starting point of equity.
  • #1,092
  • Nov 7, 2013 9:13am Nov 7, 2013 9:13am
Quoting hmaoui
{quote} Hi Tantra ! Please do not complicate the system : that's very dangerous for a trader ! The simplest it is the best are the results. The philosophy is to trade the trend. To do that, you have to look at price action (candles) a trend indicator : it can be MACD or DMI for example. MACD is a very good tool because it also gives you divergence. OsMA is an indicator I dont know very well (so I dont use it) but I think it is the same than MACD. On my opinion you have to use only one. So, now you know what is the trend, you have to wait for an...
no no
I did not complicated. simply put indicators to show that everything shown is the same as to use only 1. When dealing with only 1 is much easier to follow,and does not prevent me to follow PA, I already tried without indicators, just PA ..
  • #1,093
  • Nov 8, 2013 4:20am Nov 8, 2013 4:20am
1 - Trend line crossed
2 new LH
3 - trend line crossed and entrance +1 pip SL hit
4 - bearish reversal, a second entry. Minimal risk .0,01 lot, just for example.
With a large lot may be closed part of the deal
Example 0.03 entrance after 10 -15 pips closed 0.02.
and 0.01 for more profit.
Nice weekend to all
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  • #1,094
  • Nov 8, 2013 4:36am Nov 8, 2013 4:36am
hi tantra,

i am doing it like you - looking for a LH, short pullbacktrendline for visual effect. I am waiting in the M5 timeframe for 3-5 candle pullack a la Ross or touching minimum the EMA10, even if the candle are far outside from the ST band - short scalp or reversal(candles far outside wide open ST band, LH of M5 candle, entry low of candle, target reversal or mostly area between ST-LT). Perhaps make a picture later or at the weekend.

nice weekend to you too and @all, spending your draghi trade money
  • #1,095
  • Nov 9, 2013 2:52pm Nov 9, 2013 2:52pm
Quoting tantra
{quote} no no I did not complicated. simply put indicators to show that everything shown is the same as to use only 1. When dealing with only 1 is much easier to follow,and does not prevent me to follow PA, I already tried without indicators, just PA ..
That's fine ! I understand and it is ok to put it all together on the same chart.
  • #1,096
  • Nov 9, 2013 2:57pm Nov 9, 2013 2:57pm
Quoting tantra
120 pips in poket {image}

That's a very good news for you tantra and I am happy you get 120 pips ! But be careful....because there was a surprising anouncement (interest rate change not anticipated) and that's why you get many pips shorting the €. It is nothing to do with the system. I advise you to be very very careful trading the news because I personally think it is more gambling than trading. It's up to you my friend, but think twice because your SL is not warranted...
  • #1,097
  • Nov 10, 2013 3:21am Nov 10, 2013 3:21am
Have you looked at using this on higher TFs? Keep it simple, look for the trend, look for the pull back in the trend then look for Stochastic to either be oversold or over bought depending on wether you are going long or short.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 10th Nov 13 EUR:USD H4 Chart.png Size: 167 KB
Click to Enlarge Name: 10th Nov 13 USD:CHF H4 Chart.png Size: 166 KB
  • #1,098
  • Nov 10, 2013 10:03am Nov 10, 2013 10:03am
Quoting stevepatt
Have you looked at using this on higher TFs? Keep it simple, look for the trend, look for the pull back in the trend then look for Stochastic to either be oversold or over bought depending on wether you are going long or short. {image} {image}
Hello Stevepatt,

I also trade on higher TF, especially 1H, looking at Daily and weekly chart to get the overall trend. It is very interesting with good results. And as I told here it is very good to trade higher TF because candles are more powerful in higher TF than in lower TF. A candle on 5min chart has not the same meaning than a candle oon a 1h or Daily chart !

So I encourage you to trade higher TF if you have enough capital to accept larger SL without risking more than 2 or 3% of your total capital. Let us know your results with the system trading higher TF and do not forget to rate it through the poll I launched.

TX
  • #1,099
  • Nov 10, 2013 1:08pm Nov 10, 2013 1:08pm
Hi hmaoui,

Unfortunately I don't get much time to trade at the moment, because of work commitments, but it doesn't stop me from looking for things that I would be trading if I where around.

I used to trade the M15 and M5 charts but I am now back where I started trading H4 and D1 charts which, as you say, have much more significance.

The chart below shows the sort of thing I'm looking for.
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Click to Enlarge Name: 10th Nov 13 EUR:USD H4 Chart 2.png Size: 175 KB
  • #1,100
  • Nov 11, 2013 6:58am Nov 11, 2013 6:58am
This is what I'm seeing on EUR/USD D1 and H4 charts
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Click to Enlarge Name: 11th Nov 13 EUR:USD D1 Chart.png Size: 178 KB
Click to Enlarge Name: 11th Nov 13 EUR:USD H4 Chart.png Size: 175 KB
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