Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
Hi ND and all. ND your mention of using fibo extensions as exit points has good merrits. I tried to find a prior post that i mentioned such but was unable to at this time. Here are my thoughts that have been proven successful in about 9 months of forward live and demo trading;
On our 30m time frame, take the cross of the 13ema and the 55ema. Mark this point in time and space with a vertical line. Count from this cross up/down in the direction of trend/trade and mark off 34,55,89,144, etc and take out 20% of traded lots at each of these areas of usual stalling/consolidation and leave a fifth lot (or the last 20%??) to run with a trailing stop or some similar profit taking methodology. Basicaly what you have is a point in time that shows past profitable performance (in our case the cross of the 13/55 and for price to go so many pips from this cross and show signs of reversal).
Cheers,
Thom
__________________ Find a way to make someone's day
I was reading something and found the trading system for H1 and M30 timeframes.
System is simple:
- signal for enter - EMA8 is crossing EMA55.
Confirmation on Parabolic with default settings on the current timeframe (H1 or M30) and on M15 as well.
- exit on crossing EMA8 and EMA21.
Why Fibonacci?
Some people say that 8, 13, 21, 34, 55 are Fibonacci numbers.
This system looks good to trade manually.
Newdigital,
What are the value settings of the EMA are the based on close, open, high or low?
I just got this strategy from one website. It shows quite good strategy but need your technical advise or additional suggestions.
Using EMA 8, EMA 13, EMA 21
Timeframe : H1
Open position when these EMA cross each other
No StopLoss (Trade will close once the opposite cross occurs - either in loss or profit)
The reverse order will open if the same condition applied
see image.
thanks
Just a stupid question. If there is no stop loss why do you show stoploss in your picture? 2nd, what is the time limit to enter after the ma crossover? because youre entering long after the ma crosses....
Just a stupid question. If there is no stop loss why do you show stoploss in your picture? 2nd, what is the time limit to enter after the ma crossover? because youre entering long after the ma crosses....
anazri discovered that if we set stop loss to False in EA so this EA will close the order on the other EMA cross and it will reduce the losses. It is not like "no any stop loss at all".
As I emember if we switch stop loss = true so EA will close the order according to stop loss and the other EMA crossing.
Hi ND and all. ND your mention of using fibo extensions as exit points has good merrits. I tried to find a prior post that i mentioned such but was unable to at this time. Here are my thoughts that have been proven successful in about 9 months of forward live and demo trading;
On our 30m time frame, take the cross of the 13ema and the 55ema. Mark this point in time and space with a vertical line. Count from this cross up/down in the direction of trend/trade and mark off 34,55,89,144, etc and take out 20% of traded lots at each of these areas of usual stalling/consolidation and leave a fifth lot (or the last 20%??) to run with a trailing stop or some similar profit taking methodology. Basicaly what you have is a point in time that shows past profitable performance (in our case the cross of the 13/55 and for price to go so many pips from this cross and show signs of reversal).
Cheers,
Thom
thom you can add levels to that 55ema(if its not a custom indicator) at those levels so they are always available to you. In case you didnt know.
Is anyone using non-lagging Moving Averages? Do most of these methods still work with them?
thom you can add levels to that 55ema(if its not a custom indicator) at those levels so they are always available to you. In case you didnt know.
Is anyone using non-lagging Moving Averages? Do most of these methods still work with them?
May be. As I know there are 3rd, 4th and probable 6th version of this indicator. NonLadMA is some kind of digital filer (if i am not wrong). So it may be the other strategy based on this.
thom you can add levels to that 55ema(if its not a custom indicator) at those levels so they are always available to you. In case you didnt know.
Not sure i'm following you DB, but what i use are the standard "levels" on the moving average dialog box in MT4 set in our example's case off the 55. I also have used the Vegas indicators, but i prefer the simplicity of levels on the MA since anyone can do that in MT4 without any custom indicator.
: ) Thom
__________________ Find a way to make someone's day
I'm testing v2 of the ea in demo mode. Even though i have a lot size of 1 lot in the ea settings it seems to be placing orders for large lot sizes. And other times it only enters an order for the default lot size of 0.1 lot. Has anyone else expeienced this?
Also, I like to use 1Hr charts. Will this EA work properly on larger time frames or does it work best with the smaller time frames?
I'm testing v2 of the ea in demo mode. Even though i have a lot size of 1 lot in the ea settings it seems to be placing orders for large lot sizes. And other times it only enters an order for the default lot size of 0.1 lot. Has anyone else expeienced this?
Also, I like to use 1Hr charts. Will this EA work properly on larger time frames or does it work best with the smaller time frames?
Change MaximumRisk to 0.
As to v2 so I did not backtest it to find the better settings. To know the settings for more smaller timeframe it is necessary to optimize the settings. I will do it fo course.
Linear Mode
