EUR/USD 15M EMA CROSS

[lopezoscari]

The flowing charts shows:
1. My method, envelopes 20 .1 dev and 5,20 EMA cross
2. The blue lines are 3rd gen MA using the indicator provided in the technical trading page. Parameters 5,1,6,2 and 20,1,6,2
3. The red indicator are 3rdGenMA provided in this page with the parameters 5,5,1,6 and 20,20,1,6

What is the difference between the parameters? Did I have any parameter wrong?

[Pipsrus]

Maybe its me. Yet I think to many indicators is a distraction. I just use my MA crossing with the price and then I take my position. Yet what ever works for you.

[Enivid]

That version is flawed. Please use the newer 3gMA indicator attached here:

[lopezoscari]

Here are my trades for Monday net 80 pips 3 trades, 2 win 1 break even

[Pipsrus]

Originally Posted by lopezoscari

Here are my trades for Monday net 80 pips 3 trades, 2 win 1 break even

I never understood how a person can take a chart. Then say I made a profit of 80 points with 2 wins and 1 break even without showing any transaction history. Anyone can draw lines on a chart and say this is where i got in,, and here is where i got out/

[Enivid]

Originally Posted by Pipsrus

I never understood how a person can take a chart. Then say I made a profit of 80 points with 2 wins and 1 break even without showing any transaction history. Anyone can draw lines on a chart and say this is where i got in,, and here is where i got out/

Anyone can draw any transaction history. If the person is sharing his trades in form of chart without trying to push some paid system/EA/indicator, there's no point in disbelieving them.

[Pipsrus]

I guess my point is drawing lines on a chart DOESN'T reveal that you actually placed those trades. Or that you even know how the system works. I would never follow a system, or anyone for that matter based on lines that cross on a chart. Either show me on a video, or allow me to test settings to see if they work. Yet I see it is promoted to make people THINK that you are a TRADER when you truly aren't.

[Enivid]

It's a strange logic. Adding lines to the HTML report file is even easier than drawing lines on the chart. He definitely knows how the system works, as the system set-up was explained here, and it's seen in the chart. You can't say for sure that someone isn't a trader just because you can't see his account statement.

[lopezoscari]

1. Long at cross, price pull back to SL -20 Pips
2. Re entry long near the lower envelope, reach 30 pips, SL to braek even, result: market move to TP +40 pips
3. Entry at retracement at 20 EMA, Result: SL reached -20 pips
4. Entry short, SL reached when a news about the tomorrow meeting, -20 pips
If this SL not been there and the market goes long that would be a very great loss.
5. I has learned that when a market usually spikes in on direction in an economic news most of the time it retraces, to go in the direction of the spike again. But at this time of the day economic news in the us put the market in a spike down. I wait for a retracement between the lower envelope and 20 Ema and enter short. When 30 pips reached (green box) SL to break even. Result, market move down but retraces to break even.
6. Re entry at retracement near the upper envelope, markets move down to 30 pips, SL to break even, eventually market reaches TP point. Net for the day 20 pips. 2 Wins, 3 Losses 1 Break even

In another note. Here I do not want to sell anything. I only wants to share for free the thing that I has received free, Knowledge. I also do not see the point to show the trade log, is easy to draw and understand symbols in a chart. There are hundreds of good forex strategies and the thing that I want to share is that my path to success is the importance of money management and risk management. Today my strategy has more losses than wins but I manage to make a profit, a little profit but a profit. Thanks to money management and risk. Having SL is critical. Second using a W/L ratio of 2 to 1
in very trade guaranteed that for every 100 hundreds trades you only need to win 33 to break even. This is putting the market in your side. No matter what strategies you use the important thing for me is money and risk management. A profitable strategy could become a disaster because of money management.