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Originally Posted by fxnewbie
Hi Ramdas !!!
I am working hard to find a set-up for an ea based on MAs and i have arrived to a solution very similar to your system, with less emas. But your system has gived me new ideas and seems to work even better than my set-up, so i will adapt my settings to yours. I will test a little more and soon post the rules in Codersguru thread XPma. I am using Codersguru Xpma_v8. Please, if you want to give your contribution and experience, you will be welcome. I will be monitoring your thread too and asking your advice.
Also, i recommend to try Codersguru XPma in your setting. Very visual !!!
Thank you !!!!
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Hello fxnewbie,
Thanks for you feedback and suggestion.
xPma is also good indicator, it also gives good signals.
Real skill in trading is identifying bad and good signals. any system generates good and bad signal. and trader need to filter bad signal from good or correct signal. so trader need to read price sentiment or patern to reject bad signals.
Fact is every system works and every system fails. every indicator works and every indicator fails.
every system works under certan situations and at the same time every system fails under certan situations.
and that is where manual interventian comes. else every computer would have been turn in to money generating machine.
identify one good price patern and trade that patern only. wait for market to come to you...wait for market to generate your price pattern. don't chase market.
Best Regards
Ramdas