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.

Files:
chart2.jpg  100 kb
 

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...

 

optimisation

Yes,

MA50 and levels can be adjusted for other pairs.

I use it in my GU EA and it works v.well.

euro

 

Can you post FX Sniper MA?

ET

 
et_phonehome_2:
Can you post FX Sniper MA? ET

FX Sniper's MA in color

Files:
 

It's like a rail way, easy to understand but how long have you been using the system ? Do you make profit ?

Nic

 
european:
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

 

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

 

Nice setup

who has tried on EJ,GJ and UJ pairs with the same settings? Thanks

 

This is a good thread with simple system...but why does it not continue ?

Regards,

IIN

 
fxbs:
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

And is not possible make one EA with this information?

Thanks for your comments

Regards