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Simple 5 / 8 moving average crossover

  • #1,081
  • Aug 21, 2013 1:31am Aug 21, 2013 1:31am
Quoting stevepatt
Did anyone consider this setup on USD/CHF H4?? See what you think when you consider it's entering a weekly demand level??? {image} {image}
That is an interesting one, all says goes short BUT we are hitting big support so.... just manage your risk and ride it out.
  • #1,082
  • Aug 29, 2013 2:21am Aug 29, 2013 2:21am
Has anyone tested this 5/8 strategy on GBPJPY daily chart? The target is 100 pip but where could be the SL? Has anyone some experience about SL of 5/8 MA?
  • #1,083
  • Oct 8, 2013 3:35am Oct 8, 2013 3:35am
I think I really like this system... seams relatively simple and indicator free. I've started back testing on the EURUSD daily charts with 8 ema (open) and 5 ema (close) and it seems very profitable for the crossovers just this year. Has anyone else back tested this (and on other pairs), and does anyone know the win rate on this system ?

I would love to hone in on a complete strategy using this crossover, to include stop loss, trailing stop distance, and take profit.

I'd love to hear from others using this system, how they are implementing it, and what kind of success rates they are achieving.
  • #1,084
  • Oct 8, 2013 12:43pm Oct 8, 2013 12:43pm
I am responding to your post on the 5ema/8ema crossover. I have been trying to use crossovers for a long time, and even had a programmer write me a crossover indicator that alerts visually with arrows and by sound when the crossover actually happens (on the close of the candle). However, I have found it very difficult to consistently use this method, despite variations of the intervals, or in conjunction with MACD and Stochastic readings. I keep getting stopped out too frequently, and if I move the stop-loss out further, the loss becomes even greater. Whatever ideas you have would be welcome. Better yet, if you want to communicate by email we could explore this method in great detail without tying up the thread at this website. Let me know.
Peter
  • #1,085
  • Oct 15, 2013 1:43am Oct 15, 2013 1:43am
Hello everybody,

looks like a very promising system- simple and great! I am wondering whether the original

creator is still using it in the same way and whether it is still that profitable?

Thanks,

Nasko
  • #1,086
  • Oct 15, 2013 11:40pm Oct 15, 2013 11:40pm
Quoting stelpm
I am responding to your post on the 5ema/8ema crossover. I have been trying to use crossovers for a long time, and even had a programmer write me a crossover indicator that alerts visually with arrows and by sound when the crossover actually happens (on the close of the candle). However, I have found it very difficult to consistently use this method, despite variations of the intervals, or in conjunction with MACD and Stochastic readings. I keep getting stopped out too frequently, and if I move the stop-loss out further, the loss becomes even greater....
It works better on the Daily charts and also with the 20, 50, 100 and 200 EMA's to give you the stronger sense of direction. Only take bullish signals if the longer term EMA's are bullish or rising, and the opposite when longer period EMA's are bearish or declining.

If longer term EMA's are all entangled and not in an obvious trend, this is a range and which means to stay away from the pair and trade another one where there is an obvious trend.
  • #1,087
  • Feb 25, 2014 5:14am Feb 25, 2014 5:14am
so now we have 5EMA / 8EMA and 20,50,100, 200EMA
moving average doesn't work in range market though
  • #1,088
  • Oct 14, 2014 9:44pm Oct 14, 2014 9:44pm
Well have been gone from this for quite some time now. Been real busy start my own business and went full time at it. So that has taken alot of my time trying to make sure it got built up. Now that is done and doing good time to try and get back in to this trading again. See it has been quiet in here for a year.. Maybe we can get this thread moving again. Been playing with it again and just doing small profits first to get use to it again. Been in the green so far. Will see how it goes.
  • #1,089
  • Oct 14, 2014 10:23pm Oct 14, 2014 10:23pm
Welcome back slkosier! Let's get some pips!
  • #1,090
  • Oct 15, 2014 6:21pm Oct 15, 2014 6:21pm
Quoting Bobcat2
Welcome back slkosier! Let's get some pips!
Thanks Bobcat2. Hope we can turn in some good pips soon. Watching charts for signal
  • #1,091
  • Oct 16, 2014 8:49pm Oct 16, 2014 8:49pm
Anyone else watching GBP/USD for a possible cross?
  • #1,092
  • Oct 20, 2014 1:02pm Oct 20, 2014 1:02pm
Quoting Slkosier
Anyone else watching GBP/USD for a possible cross?
Well I jumped in this morning on the GBP/USD and grabbed a quick 50 pips. Looks like I could have got more if I stayed in longer.
  • #1,093
  • Oct 20, 2014 2:39pm Oct 20, 2014 2:39pm
Quoting tooloud
It took me a while but now I'm a simplicity zealot. For those who find 2 moving averages devilishly complicated why not try my method of using only 1? I now use just a 10ema (5 or 8 is just as good). When it cuts through price you have a signal. If the ema line is flat I wait for a bit of slope but other than that its just eyeball and a bit of candle patterns. It is also less frustrating than moving average crosses as there are numerous opportunities to get in so I don't fret if I miss one. With a very tight stoploss it works very well. I have used...
Nice to hear your simplest strategy. Actually yes, as long as we keep it simple, we will get better opportunity.
  • #1,094
  • Sep 1, 2015 2:51pm Sep 1, 2015 2:51pm
Well let see if I can get back at this stuff again. Looking at the 1 day chart it looks like the EUR/USD may have a cross coming up.
  • #1,095
  • Oct 28, 2015 1:54am Oct 28, 2015 1:54am
Hello

Can you get a email alert on the EMA crossignal alert ? there is sound on it but a need email also !

Thanks
  • #1,096
  • Nov 13, 2015 5:23am Nov 13, 2015 5:23am
I have read this thread and began to trade it in mt4 demo. It seems to work well.

Peter says he is using ema5 close and ema8 close, other people is using ema8 open. Which do you think is most successfull?
Ema8 open gives sooner trades, but more whipsaw i think.

About sideways markets i think rsi and so on is too slow to be confident in ema5 8 trade, i want and indicator which can handle sideways markets.

Trading daily charts.

Appreciate suggestions..
Attached Image (click to enlarge)
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  • #1,097
  • Nov 25, 2015 9:51am Nov 25, 2015 9:51am
Witch tf is the best for this strategie ?
  • #1,098
  • Edited 11:02am Nov 25, 2015 10:50am | Edited 11:02am
I use an ema 5/ 12 crossover alert. The indicator allows you to choose ma types and periods and gives a sound alert and can be set up to send a notification to your cell. I use it on the 4H and only look at the 4H and daily charts. Although I sometimes use the 1H for entry/exit. I have learned that the lower time frames and even the 1H have too much whip saw. With the cell alerts you don't have to babyset charts or be near your computer all the time. It prevents you from missing crossovers. I am in the US and the cell alerts wake me up if needed so I don't miss big moves during the London open.
I only take trades in direction of overall trend. I wait for pullbacks/correction and then wait for the crossover alert to notify me of trend continuation if and when it resumes. The only problem with the indicator is that is only works if MT4 is running on your computer and every time you change tf or load MT4 it sends new alerts to your phone. I did find a website, alertfx.com, where you can get a free account to send email and cell alerts for various indicators and it is always running. Here is the indicator I use. I did not create it, I found it to download for free.
Attached File(s)
File Type: ex4 Double EMA crossover with arrow and email.ex4   9 KB | 815 downloads
File Type: mq4 Double EMA crossover with arrow and email.mq4   11 KB | 1,073 downloads
  • #1,099
  • Nov 25, 2015 1:27pm Nov 25, 2015 1:27pm
After suffering countless of large losses, it seems that I have finally turned the corner with the 5/8/20/50 SMA crossover technique, along with confirmation of the MACD and modified Stochastic, courtesy of Dr. Barry Burns. In short, here is what seems to work rather well, for now. I trade the M5 chart because I do not want to get caught in a long term trade when Yellen, Draghi, Obama, et al sneeze and send the markets into a tizzy. My defaults are: ticket size 40,000 units, T/P = 25 pips, S/L - 200 pips and using the MA50 as the trend designator. When MA50 angles down, I wait for a pullback to go short. As soon as I get the MAs to orient as 5<8<20 I take a short position and take my 25 pips of profit with gladness. That is usually the distance the price will move before hitting S/R. By entering as many as 7 positions in different but qualifying currency pairs, and in three trading accounts (two or three per account) I may end up the trading session with several profitable trades that add up to several hundred dollars, without getting stuck over weekends and longer, dangerous times. As long as I have interpreted the trend correctly, over M5, M15, M30, H1, the trades almost always work out, even when they temporarily go against me. If I violate my rules or misinterpret, I lose. For a long position I use the reverse of the above. If any of you try the method, please let me know your results. Thanks.​
  • #1,100
  • Nov 25, 2015 1:31pm Nov 25, 2015 1:31pm
Quoting stelpm
After suffering countless of large losses, it seems that I have finally turned the corner with the 5/8/20/50 SMA crossover technique, along with confirmation of the MACD and modified Stochastic, courtesy of Dr. Barry Burns. In short, here is what seems to work rather well, for now. I trade the M5 chart because I do not want to get caught in a long term trade when Yellen, Draghi, Obama, et al sneeze and send the markets into a tizzy. My defaults are: ticket size 40,000 units, T/P = 25 pips, S/L - 200 pips and using the MA50 as the trend designator....
screenshot?
practising coitus interruptus
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