Forex
Google

Go Back   Forex Trading > Downloads > Expert Advisors - Metatrader 4
Forex Forum FAQ Members List Calendar Mark Forums Read


Register in Forex TSD!
Trading Systems Leaders in this forum (automated trading systems) are winning more than 3000 pips in a month (30000$ investing one lot every time).
Click here to register and get more information

 
 
LinkBack Thread Tools
 
Old 08-26-2007, 11:22 AM
forexking forexking is offline
Junior Member
 
Join Date: Jul 2007
Posts: 28
forexking is on a distinguished road
Sharing method of trading

Hi all,

Im going to share my method of trading

Here goes

First i place my moving average indicators on my gbpusd chart
Then i see if the daily chart is downtrend or up trend in this case its downtrend
Then i goto my 4hr chart and only trade when the 4 hr chart is in a down trend as well
the way i see if its in a down trend is with moving averages dont trade any up trends when the daily chart is a down trend.

Any one interested in making a ea for this method as it works great for me check it out yourself and you will see that when the daily chart is in a down trend the 4hr chart will do long down trends and very short up trends if ea is to be made for this, the ea will have to check if the daily chart is up or down trend and see if the 4hr chart is up or down trend when both are the same and the moving average on the daily has crossed for lets say a down trend and the 4hr has crossed for a down trend the ea will trade. Then the ea will take profit when the 4hr chart moving average indicator crosses to a buy
signal

Cheers hope this helps people all we need is a ea as i miss some trades because im asleep
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
 
Old 08-26-2007, 02:24 PM
aelimian aelimian is offline
Senior Member
 
Join Date: Sep 2005
Posts: 241
aelimian is on a distinguished road
Quote:
Originally Posted by forexking View Post
Hi all,

Im going to share my method of trading

Here goes

First i place my moving average indicators on my gbpusd chart
Then i see if the daily chart is downtrend or up trend in this case its downtrend
Then i goto my 4hr chart and only trade when the 4 hr chart is in a down trend as well
the way i see if its in a down trend is with moving averages dont trade any up trends when the daily chart is a down trend.

Any one interested in making a ea for this method as it works great for me check it out yourself and you will see that when the daily chart is in a down trend the 4hr chart will do long down trends and very short up trends if ea is to be made for this, the ea will have to check if the daily chart is up or down trend and see if the 4hr chart is up or down trend when both are the same and the moving average on the daily has crossed for lets say a down trend and the 4hr has crossed for a down trend the ea will trade. Then the ea will take profit when the 4hr chart moving average indicator crosses to a buy
signal

Cheers hope this helps people all we need is a ea as i miss some trades because im asleep
What moving averages do you use? I checked ema 5/13 and it appears great.

Last edited by aelimian : 08-26-2007 at 02:50 PM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
 
Old 08-26-2007, 09:43 PM
forexking forexking is offline
Junior Member
 
Join Date: Jul 2007
Posts: 28
forexking is on a distinguished road
Quote:
Originally Posted by aelimian View Post
What moving averages do you use? I checked ema 5/13 and it appears great.
Im using 9/19 and it works great but do not trade oposite to the daily chart
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
 
Old 08-29-2007, 11:23 AM
Shinigami Shinigami is offline
Senior Member
 
Join Date: Nov 2006
Location: Ukraine
Posts: 492
Shinigami is on a distinguished road
SMA? EMA? LWMA? Close, high, low, open, weithened?
Cross of two determines trend? Cross of 9/19 on H4 determines H4 trend and cross on D1 determines D1 trend. Is that correct?
Open a trade when H4 crosses to the same way as D1, is that correct?
__________________
MQL4 programming is easy ^^
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
 
Old 08-29-2007, 12:04 PM
forexking forexking is offline
Junior Member
 
Join Date: Jul 2007
Posts: 28
forexking is on a distinguished road
Quote:
Originally Posted by Shinigami View Post
SMA? EMA? LWMA? Close, high, low, open, weithened?
Cross of two determines trend? Cross of 9/19 on H4 determines H4 trend and cross on D1 determines D1 trend. Is that correct?
Open a trade when H4 crosses to the same way as D1, is that correct?

This is correct just the two charts will have to different MA Values

Cheers
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
 
Old 08-29-2007, 01:42 PM
kjhfdgjfhdghdf's Avatar
kjhfdgjfhdghdf kjhfdgjfhdghdf is offline
Senior Member
 
Join Date: Mar 2007
Posts: 663
kjhfdgjfhdghdf is on a distinguished road
Talking

Quote:
Originally Posted by Shinigami View Post
SMA? EMA? LWMA? Close, high, low, open, weithened?
Cross of two determines trend? Cross of 9/19 on H4 determines H4 trend and cross on D1 determines D1 trend. Is that correct?
Open a trade when H4 crosses to the same way as D1, is that correct?
Yes I think thats what it is trade direction of D1 cross on H4, only when H4 goes direction of D1, not opening on H4 for D1 trend even when H4 going other way.Stay out when H4 goes against D1 then resume when it turns back.
Bit more sensible that going against the H4 cross to stick with D1 like some other EA we all know about
__________________
Dont worry, bout a thing, cos every little thing, gonna be alright.
The future has not been written.
There is not fate, but what we make for ourselves.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
 
Old 08-29-2007, 09:19 PM
Shinigami Shinigami is offline
Senior Member
 
Join Date: Nov 2006
Location: Ukraine
Posts: 492
Shinigami is on a distinguished road
Quote:
Originally Posted by kjhfdgjfhdghdf View Post
Yes I think thats what it is trade direction of D1 cross on H4, only when H4 goes direction of D1, not opening on H4 for D1 trend even when H4 going other way.Stay out when H4 goes against D1 then resume when it turns back.
Bit more sensible that going against the H4 cross to stick with D1 like some other EA we all know about
It goes with MN not D1. I tested it with D1 and H4 but that didn't go too well...
__________________
MQL4 programming is easy ^^
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
 
Old 08-29-2007, 09:48 PM
forexking forexking is offline
Junior Member
 
Join Date: Jul 2007
Posts: 28
forexking is on a distinguished road
Quote:
Originally Posted by kjhfdgjfhdghdf View Post
Yes I think thats what it is trade direction of D1 cross on H4, only when H4 goes direction of D1, not opening on H4 for D1 trend even when H4 going other way.Stay out when H4 goes against D1 then resume when it turns back.
Bit more sensible that going against the H4 cross to stick with D1 like some other EA we all know about
Example

If daily chart shows a sell at 12:00 and the h4 chart shows buy the ea wont trade but as soon as the h4 chart shows a see as well the ea will trade if the h4 goes to buy again the ea will pull out and take the profit or loss.

Cheers
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
 
Old 08-30-2007, 08:59 AM
Shinigami Shinigami is offline
Senior Member
 
Join Date: Nov 2006
Location: Ukraine
Posts: 492
Shinigami is on a distinguished road
Quote:
Originally Posted by forexking View Post
Example

If daily chart shows a sell at 12:00 and the h4 chart shows buy the ea wont trade but as soon as the h4 chart shows a see as well the ea will trade if the h4 goes to buy again the ea will pull out and take the profit or loss.

Cheers
We understood so far. What settings are used with D1 and H4?
__________________
MQL4 programming is easy ^^
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
 
Old 08-31-2007, 03:13 AM
forexking forexking is offline
Junior Member
 
Join Date: Jul 2007
Posts: 28
forexking is on a distinguished road
Quote:
Originally Posted by Shinigami View Post
We understood so far. What settings are used with D1 and H4?
right now im using the standard setting of the moving averages except for the period on one im using 19,9 and the daily 15,5 but these can be changed for better results when a ea is built

Cheers
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
 

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump


Similar Threads
Thread Thread Starter Forum Replies Last Post
Kolachi Method of Trading kolachi Suggestions for Trading Systems 44 02-26-2008 02:53 PM
Kolachi Method 2 of Trading kolachi Suggestions for Trading Systems 32 07-05-2007 06:31 PM
Any Trading Method for USD/Yen??? yyc196 Suggestions for Trading Systems 4 06-25-2007 01:30 AM
Fozzy method of Trading jgerousis General Discussion 1 03-09-2007 11:07 AM
Triangle Trading method forexts Documentation 1 10-27-2005 09:51 AM


All times are GMT. The time now is 01:29 AM.