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Monthly Profit - Daily Trading using SMA

  • #681
  • Aug 27, 2016 12:54pm Aug 27, 2016 12:54pm
Quoting Bk8
So far we were using SMA 5,3 but today I relliazed that SMA 5,0 can do better job. We will be using SMA 5,0 going forward if we all agree.
Hi, Bk8.

How did you "realize" the new settings are superior?
  • #682
  • Aug 27, 2016 1:17pm Aug 27, 2016 1:17pm
This is interesting. So your Moving Average is a 5? Are you using the Parabolic Sars to help with your entry? I'd want to use this on the smaller timeframes (15M/30M/1hr) Would you change the moving average? Whats your suggestion?
  • #683
  • Aug 27, 2016 1:49pm Aug 27, 2016 1:49pm
Quoting Bk8
{quote} Welcome jauhar.. we use close price. So far we were using SMA 5,3 but today I relliazed that SMA 5,0 can do better job. We will be using SMA 5,0 going forward if we all agree.
SMA 5,3 less bad signals
Attached Image (click to enlarge)
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  • #684
  • Aug 27, 2016 2:43pm Aug 27, 2016 2:43pm
Quoting Bk8
{quote} Sure, very welcome brian661!! SMA can be shifted forward or backward using shift postive and negative value. e.g. I have added 3 SMA as follwoing SMA 5, 3 SMA 5,0 SMA 5,-3 You will notice that SMA 5,3 does better prediction however when I was checking old charts SMA 5,0 does better jobs in some cases as well. {image}
 
Hey Bk8, judging by the chart you posted the 5,3 is the superior one IMO. I think the 5,0 will give better results for quicker/sudden rising and falling price action. I believe with the 5,0 we will have later entries into the moves than with the 5,3. What is your thinking process on this?
Gentlemen always play by the rules, if they can't, they change them.
  • #685
  • Aug 27, 2016 3:29pm Aug 27, 2016 3:29pm
Quoting Bsmile44
{quote} Â Hey Bk8, judging by the chart you posted the 5,3 is the superior one IMO. I think the 5,0 will give better results for quicker/sudden rising and falling price action. I believe with the 5,0 we will have later entries into the moves than with the 5,3. What is your thinking process on this?
Agree... lets start using 5,0 and menatime we will test and compare both settings.
When I tested through script I did not find much diff if you check manually SMA 5,0 has better chances.
  • #686
  • Aug 27, 2016 3:30pm Aug 27, 2016 3:30pm
Quoting mopaditi
{quote} Hi, Bk8. How did you "realize" the new settings are superior?
I just checked some old charts.. SMA 5,0 gave me better results in terms of early entry and sideways.
  • #687
  • Aug 27, 2016 4:03pm Aug 27, 2016 4:03pm
Quoting deankenny21
{quote} Nothing is easy, otherwise we would all be millionaires However, trading is actually only 20% skill, 50% emotions, 30% money management. You can give a winning formula/system to 10 different people, mechanical system with no discretion, and all 10 people will come out the other end with different results. You will have the greedy one, who wins a few, over leverages that 1 or 2 trades that lose and blow his account. You will have the fearful trader who makes excuses not to enter the trade who barely makes any profit. The angry/revenge...
good posts kenny
  • #688
  • Aug 27, 2016 8:29pm Aug 27, 2016 8:29pm
Quoting shaan295
Bk8 how would you take these pairs, your comments please... {image}
What a coincidence please see this screenshot below . I think you will not ask this question when you change the settings to SMA 5,0
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  • #689
  • Aug 27, 2016 8:33pm Aug 27, 2016 8:33pm
Quoting shaan295
And this one as well {image}
This one will not allow us to win many pips but we will not have loss either
Attached Image (click to enlarge)
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  • #690
  • Aug 27, 2016 10:51pm Aug 27, 2016 10:51pm
Quoting Purpleblack7
This is interesting. So your Moving Average is a 5? Are you using the Parabolic Sars to help with your entry? I'd want to use this on the smaller timeframes (15M/30M/1hr) Would you change the moving average? Whats your suggestion?
This strategy will work on D1 chart only, we are not using Parabolic sars any more.
  • #691
  • Aug 27, 2016 10:53pm Aug 27, 2016 10:53pm
Quoting deankenny21
{quote} Nothing is easy, otherwise we would all be millionaires However, trading is actually only 20% skill, 50% emotions, 30% money management. You can give a winning formula/system to 10 different people, mechanical system with no discretion, and all 10 people will come out the other end with different results. You will have the greedy one, who wins a few, over leverages that 1 or 2 trades that lose and blow his account. You will have the fearful trader who makes excuses not to enter the trade who barely makes any profit. The angry/revenge...
Awesome post, Thank you!
  • #692
  • Aug 27, 2016 11:00pm Aug 27, 2016 11:00pm
Quoting jelloooo1
{quote} SMA 5,3 less bad signals {image}
Blue is SMA 5, 0 and Orange is SMA 5,3 so if you compare both.. blue gives signals little earlier than orange that can save us from loss howver sideways will always trouble us so we have to use same startegy to filter sideways as we discussed in previous posts
Attached Image (click to enlarge)
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  • #693
  • Aug 27, 2016 11:01pm Aug 27, 2016 11:01pm
BK8,
Im attaching NZDUSD chart, where 5, 3 old MA showing us very nice cross and showing us some nice signals but when you check the new MA 5 it is just touching the candle which means these are not strong signal or strong move ... now im confused which should i take ...
normally MA 5, 3 is profitable system which you already using from last more then 6 months then i think we should stick with old system .. maybe i'm wrong.

Attached Image (click to enlarge)
Click to Enlarge Name: OLD AND NEW.jpg Size: 87 KB
Work Hard In Silence, Let Your Success Be Your Noise.
  • #694
  • Aug 27, 2016 11:14pm Aug 27, 2016 11:14pm
Quoting keep4x
BK8, Im attaching NZDUSD chart, where 5, 3 old MA showing us very nice cross and showing us some nice signals but when you check the new MA 5 it is just touching the candle which means these are not strong signal or strong move ... now im confused which should i take ... normally MA 5, 3 is profitable system which you already using from last more then 6 months then i think we should stick with old system .. maybe i'm wrong. {image}
I think there is no huge difference if we consider long duration but can you give me any specific dates to compare? I am seeing better result on NU too
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 88 KB
  • #695
  • Aug 27, 2016 11:21pm Aug 27, 2016 11:21pm
Quoting Bk8
{quote} I think there is no huge difference if we consider long duration but can you give me any specific dates to compare? I am seeing better result on NU too {image}
im sorry to attached wrong chart , it should be nzdusd ...
Work Hard In Silence, Let Your Success Be Your Noise.
  • #696
  • Aug 27, 2016 11:25pm Aug 27, 2016 11:25pm
BK8, if you dont mind, would you like to share your chart which trades you gonna take next week.
Work Hard In Silence, Let Your Success Be Your Noise.
  • #697
  • Aug 27, 2016 11:59pm Aug 27, 2016 11:59pm
Quoting keep4x
BK8, if you dont mind, would you like to share your chart which trades you gonna take next week.
Sure, I have not analyzed yet... lets discuss tomorrow. I am sure @yonnie and other contributers will share their analysis as well.
Its 1 AM here so have to sleep now, see you tomorrow
  • #698
  • Aug 28, 2016 12:07am Aug 28, 2016 12:07am
Quoting Bk8
{quote} Sure, I have not analyzed yet... lets discuss tomorrow. I am sure @yonnie and other contributers will share their analysis as well. Its 1 AM here so have to sleep now, see you tomorrow
yeah sure no worries,
but before you sleep just wanna show you something... check this out beauty of MA 5,0, early signal ... very good example of why MA 5, 0 is better then MA 5, 3.

Attached Image
Work Hard In Silence, Let Your Success Be Your Noise.
  • #699
  • Aug 28, 2016 12:12am Aug 28, 2016 12:12am
Quoting keep4x
{quote} yeah sure no worries, but before you sleep just wanna show you something... check this out beauty of MA 5,0, early signal ... very good example of why MA 5, 0 is better then MA 5, 3. {image}
Thanks keepfx..since we have tried SMA (5,3) for last 7 months so there is no harm if we try SMA 5,0 for next few months..
  • #700
  • Aug 28, 2016 12:27am Aug 28, 2016 12:27am
Bk8,

whatever you decide is alright.........

for me I would keep the old SMA5/+3 until backtested properly that the SMA5 is superior to avoid confusion.
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