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  #1 (permalink)  
Old 07-30-2007, 07:28 PM
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Non Trading Zones for newbies

When somebody starts in Forex one of the main questions is 'to trade or not to trade'.

The following set up is a simple way to answer this question.

Chart set-up for GU (can be adjusted for other pairs).
1. Blue 5 LWMA(MA_Period=5, MA_Shift=0, MA_Method=LineaWeighted)
2. Red 12 LWMA(MA_Period=12, MA_Shift=0, MA_Method=LineaWeighted)
3. Channel: 50 LWMA(MA_Period=50, MA_Shift=0, MA_Method=LineaWeighted) with levels +/-7 . On top goes FX sniper MA in color to show the trend.


Rule: Only enter trade when blue 5 LWMA & red 12 LWMA are out of the channel, in the direction of 50 MA.
Attached Images
File Type: jpg chart2.JPG (99.6 KB, 1325 views)

Last edited by european; 07-30-2007 at 11:11 PM.
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Old 07-30-2007, 10:01 PM
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not so bad,i noticed it suit best to gbpusd 30 min chart.
For other crosses there is more false entries so i guess it should be optimized to fit...
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Old 07-30-2007, 10:56 PM
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optimisation

Yes,

MA50 and levels can be adjusted for other pairs.
I use it in my GU EA and it works v.well.

euro
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Old 07-31-2007, 12:47 AM
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Can you post FX Sniper MA?

ET
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Old 07-31-2007, 07:31 AM
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Quote:
Originally Posted by et_phonehome_2 View Post
Can you post FX Sniper MA?

ET

FX Sniper's MA in color
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File Type: mq4 FX Sniper's MA.mq4 (2.1 KB, 242 views)
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Old 08-01-2007, 04:01 AM
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It's like a rail way, easy to understand but how long have you been using the system ? Do you make profit ?

Nic
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Old 08-01-2007, 07:49 AM
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Quote:
Originally Posted by european View Post
When somebody starts in Forex one of the main questions is 'to trade or not to trade'.

The following set up is a simple way to answer this question.

Chart set-up for GU (can be adjusted for other pairs).
1. Blue 5 LWMA(MA_Period=5, MA_Shift=0, MA_Method=LineaWeighted)
2. Red 12 LWMA(MA_Period=12, MA_Shift=0, MA_Method=LineaWeighted)
3. Channel: 50 LWMA(MA_Period=50, MA_Shift=0, MA_Method=LineaWeighted) with levels +/-7 . HOW DO YOU SET THIS UP

On top goes FX sniper MA in color to show the trend. WHAT ARE THE SETINGS FOR FX SNIPPER MA?


Rule: Only enter trade when blue 5 LWMA & red 12 LWMA are out of the channel, in the direction of 50 MA.
tHANKS

PEACE
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Old 08-05-2007, 08:21 PM
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Thanks, European 4 sharing ideas
looks like your setup defaults will be fine even on bich EURUSD ! (7 is a magic number)
(i just compared to Damiani)
please, share more of your thoughts an observations
(stoh, macd - more setups, pls [more goodies!!])
_____
Snipers Ma: period 50
Price = 0; // Price mode : 0-Close,1-Open,2-High,3-Low,4-Median,5-Typical,6-Weighted
ModeMA = 3; // Mode of Moving Average: SMA0,EMA1,SmdMA2,LWMA3
pict: 2 set channel - MA, levels tab
p.s. peace and love
Attached Images
File Type: gif ma ch notrade en.GIF (46.3 KB, 1055 views)
File Type: gif ma chnl notrade en.gif (33.1 KB, 1046 views)

Last edited by fxbs; 08-05-2007 at 08:41 PM.
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Old 08-09-2007, 02:05 AM
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Thumbs up Nice setup

who has tried on EJ,GJ and UJ pairs with the same settings? Thanks
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Old 08-15-2007, 06:57 PM
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This is a good thread with simple system...but why does it not continue ?

Regards,

IIN
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