I have been expecting a breakout and now it has happened. Now we need to wait for a pullback. The weekly shows plenty of space to move down into. This could be a profitable setup to follow down for a long time. image image

MA Crossover System that works for me

It's been an interesting two days. Yesterday I made 3.6% profit on account balance, which is a very good result. Today I couldn't find a single trade that satisfied our requirements. Well, the one, but josi put a stop to that, thankfully! So let's ...

MA Crossover System that works for me

Thanks for this. Yes, please do post some charts. Are you able to do this with just 2 MAs showing?

MA Crossover System that works for me

Not much. It's probably just the familiarity of forex. I'm familiar with the behaviours of forex pairs and the scale of numbers they have. By that I mean that a lot size of 0.20 is a known quantity across most pairs, I just know if that is "big" or ...

MA Crossover System that works for me

Good call josi! This highlights the saying "I would rather be out of a good trade wishing I was in, than in a bad trade wishing I was out". Preserving capital is almost as important as making it. So it is important to avoid traps like this example. ...

MA Crossover System that works for me

I hadn't noticed that upward sloping trend line. So perhaps we need to wait for price to break below local support and that trend line.

MA Crossover System that works for me

Here's a more promising option, also a GBP trade. On H4 that small pinbar would have made a useful place to enter, but I missed it. Next is not to have a sell stop order triggered too soon, so a sell stop order below the small consolidation zone ...

MA Crossover System that works for me

Here's a trade I won't be taking, not yet. H4 has crossed down and is sitting in a small consolidation zone. Breakouts from such zones can be explosive and profitable. But ... it is sitting on a local support level. This isn't a big issue - just ...

MA Crossover System that works for me

Money management is important, as you say. In my case I have simplified it to a 50 pips move to breakeven (B/E) on all trades and a target of between 100 pips and about 130 pips, depending on which pair it is. Some pairs move more in a day than ...

MA Crossover System that works for me

Thanks, Szabolcs, I would have posted my trades from today but I was driving a lot and had no time. I placed the trades early this morning and then left them. But I will try to post my trades live. I received a DM asking about which crossover ...

MA Crossover System that works for me

I'm enjoying trading with just the MAs, no indicators. I feel free of clutter and confusion and it seems to be helping. Yesterday I made 0.66% profit, so it was an OK day, but today, if a trade I still have running can move the last 10 or so pips to ...

MA Crossover System that works for me

Hi neilpryde It does look good, although I think you are using Heiken Ashi candles, so it's difficult for me to assess it without also looking at my own charts. As we are trading "naked MAs" could you remove the other indicators you are using when ...

MA Crossover System that works for me

That's interesting. Could you post a chart marked up to show how you use it?

MA Crossover System that works for me

I owe you all an apology. It's that saying "If it's too good to be true, it probably is". And I should have known that when backtesting results show consistently good profits, then something isn't right. I did some more backtesting over the weekend ...

MA Crossover System that works for me

Thanks, josi, a useful insight. I have been asked about the MA crossover signal that I use. You need to get it from the source website because you have to copy three folders and drop them into your MQL4 folder, not the indicators folder. The ...

MA Crossover System that works for me

This is a useful example of my risk reduction strategy. The trade has recovered (and moved to B/E) so as it stands now with just less than half of the original lot size remaining, I have almost recouped all of those losses caused by my manual ...

MA Crossover System that works for me

Could you explain how you get to a point of being in doubt? That would be helpful. With my stops at recent swing points the logic is that if price goes beyond that recent high or low that a trade in that direction is no longer valid. So that would ...

MA Crossover System that works for me

This pair chosen randomly for an "enter on every crossover" experiment. I have a crossover arrow indicator that I use for convenience. I set it on Shift -1, so it helps me pick up the EMA crossover as that bar closes, which is 1 bar earlier than the ...

MA Crossover System that works for me

On your fakeouts question, if I have correctly identified the dominant trend and followed my safety checks, then I have learned to have faith in the "system". This means that I tend to leave trades to run even if they do go the wrong way because ...

MA Crossover System that works for me

Hi josi As my aim with this thread is for us to develop expertise using naked MAs, I would prefer it if you remove those indicators when you next post, but use them at home, by all means! My problem (maybe not your problem, and that's ok) with ...

MA Crossover System that works for me