only using SMA 21
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thread: only using SMA 21

  1. #1

    only using SMA 21

    Dear All

    I constantly to try loe the easiest method to perform FOREX. I believe Holy Grail is DISCIPLINE and our MONEYMANAGEMENT. . So I found that an idea, and I think it will be good with improvement and advise for all you

    okay here we go

    1st. Open GBPUSD 1H
    2nd place SMA 21 on the chart

    therefore the rule is... Buy when new candle available above 21 SMA
    Sell when new candle available under 21 SMA

    about ranging market...? I suggest not having cease lost but we can have great thought from martiangle system... offcourse with great moneymanagement


    instance. . When we got BUY sign we entry with BUY 0,1 lot, but shortly in next 3 candle it available under SMA 21, therefore we provide SELL 0,15 lot. . And when it back we can place BUY 0,2 lot...

    within my observation, the most price ranging at sma 21 is 5 times

    therefore we got 0,15 market and 0,3 buy... we can place our goal as $$$. . So if the goal is attained, we shut all, and begin again

    OR. . We can use increased time frame 4H as filter

    therefore come on guys, I think it will be great.... Especially when we have EA with this particular system. .

    thx

  2. #2
    Senior Member jgaleras's Avatar
    159
    Keep everything as it is at the available SMA
    2 pips over the candle wick great

    but alter the 21sma into a 25sma
    I can not back test just did by eye for two weeks
    that the differance from the sma appears quite good

    could someone back test it

    thanks

  3. #3
    Member ina99's Avatar
    98
    thanks for the backtest but considering it that you backtested with control points rather every tick options and modelling quality is simply 50% rather to become 90% so maybe the outcome are not so much accurate
    Anyway interesting idea, I will try to code an EA for this easy system
    I listed my EA using a choice to choose tick or control points. Run it yourself. . It is actually worse with tick info. What I am saying is it was not profitable over a year with no large draw down... Maybe the modifiions others have made since will help, but I am not interested in testing it ... Thank you for your reply.

    Scott

  4. #4
    Junior Member Merjttipk's Avatar
    26
    Another thought to set up of the SMA levels in 1 indior, instead of using Low and the High is to add 2 levels at -10 one at 10 another one, to the original SMA21-Close. Which more or less correspond to Low 21SMAs and the High.

  5. #5
    Junior Member davefpknes's Avatar
    3
    1 Attachment(s) This will give much better results than SMA 21... but Rainbow rules... LoL

    Click and see:
    http://www.stock-charts-made-easy.co...e-channel.html

  6. #6
    Junior Member pagole's Avatar
    1
    Use 24SMA, rather than 21SMA, corresponds to the Typical of the last Day afterward, been using this for trades for ages, actually strong S/R point.
    I dont find a lot different shing 21SMA into 24SMA, any input out there?

  7. #7
    Junior Member Merjttipk's Avatar
    26
    I dont see much different changing 21SMA to 24SMA, any input out there?
    It offsets a bit (0 to 15 pips, averaging 5-6 pips cancel ).
    I guess that the 21SMA is actually meant to show the monthly average on a daily chart... as per month has approximately 21 trading days (except on charts such as Oanda's that show saturday and sunday candles).
    Therefore, under that conception, a 24SMA to show past daily average on a hourly rate chart would be appropriate.

    .

  8. #8
    I backtested GBP/USD@H1 for January from 02.01 to 26.01, taking all the signals given with no other filter, also considering a 50 pips stoploss, in 2 versions: closing and watching manually at second SMA cross (or optional ), and with 50 pips monitoring stops.

    27 trades, 18 profitable (66,67%) 9 ceased at S/L or unwanted.

    Total pips 998 w/manual final, 763 with trailings.
    I've made easy EA, but it loosing
    https://www.cliqforex.com/attachment...1291168591.mq4

  9. #9
    Junior Member Refaco's Avatar
    4
    I've made simple EA, but it loosing
    Don't go by January performance, it's in the long term a losing system if followed precisely.

  10. #10
    Greetings all. I Luv this place. Where else can get toghether and discuss their tid bits of AHA Minutes and insights for the sake of the many. Interesting discussion you've got here. So many excellent pointers. I'm gonna attempt to add my 2 pips worth following some summarizing of the highlights I discovered so far:

    About the 21ma VS the 24ma. . .there may not be any wrong or right to that as they're so close. Some will favor the psych comfort of the fibo others are going to like the comfort of the 24 on a hourly as there are 24 hours daily.

    On adding indiors such as the RSI, MACD etc.. . I lean toward Scott and many other's good advice (and of course BillGates! ) ) Hope of keeping things easy.

    FunTrader, yea on the -/ pip filter (more on this in my ramble under ). (Scott nice explanaition and picture ).

    Scott: current bar must be higher or lower than.... You been reading a bit of Tom DeMark? That's a timeless DM filter: ) things.

    Leugimp: Yup on adding the H/L filtering. (see below)

    LinuxTroll : VERY COOL LINK! This was one of those greater lessons/articles on the Wave or Snake Eye method of tunnel trading. Thank you. Ey?

    OK, my own wife. This is an hourly model and what I discuss below should not diminish or take away from the soul of the first...

    First here are a few easy on the eye mods of CoderGuru's great xpMA. What I did was change the colours in such a way that I use. I've changed the settings here in order to match the threads.

    The upper Band or Wave is your one called the maHPF, which stands for moving average High Pass Filter. Named it in memory of synthesizer days and my musician back and Roll never expires. ; ) The reduce ma is called the maLPF for Low Pass Filter. The idea in electronic equipment is to have. In this scenario permitting Highs to Pass and Lows to Pass from the first (central frequency).

    I was initially introduced into the Wave or station trade setup by Raghee in a webinar (she uses the 34ema on 30,60,180,240m charts), and then our own Jimmy Young (FF Editor/Contributor) had a fantastic lesson on station trading over at his website utilizing a 60sma with amounts set in -/ 10 pips on a 5m chart for intraday trading. Among my modifiions to the XpMA of CodersGuru was supposed to bring a Vertical Alter user definable setting. Default is at zero, however set it to a -/ 2 pips and you're in business!

    In my experience trading the tide (mathmaticaly equivilant to exactly the exact same moving averages on the 60m) on the 15m chart I will await affirmation similar to what LinuxTroll's link-with-lesson suggests; awaiting a retracement back into the central moving average. If my memory is serving me well I believe this is something that James16 also teaches in one of his price action versions.

    Here is a screen shot utilizing the indiors you can download here:

    http://www..com/fx-mirror/mt4_indiors/ATM_XpMA.mq4, http://www..com/fx-mirror/mt4_indiors/ATM_maHPF.mq4, http://www..com/fx-mirror/mt4_indiors/ATM_maLPF.mq4.

    21sma Wave shown on 60m chart with BBs for profit targets/exit heads up:

    http://www..com/fx-mirror/mis...eExample21.gif

    you are able to observe that the visual of the moving average channel or wave is quite pleasing and notifiion of the current fad.

    This is a post script demoning the addition of a 15m chart showing an example-entry (I did not exchange this) just so that you know what I'm speaking about to the Mathmaticaly equivilant station... in our case it is an 84sma and BBs place to 84 also deviation nevertheless 2 though John Bollinger does state that whenever you're going much over the default 20ma the variation must grow. . .so I assume deviation of 3 could work good.


    Http://www..com/fx-mirror/mis...eExample84.gif


    Thanks for all the great tips and insights.
    Cheers,
    Thom

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