Popular Post fxeasy5 Posted September 27, 2010 Popular Post Report Share Posted September 27, 2010 (edited) This is a simple but very effective and powerfull method. It needs only 2 Standard indicators: SMA 21 Awesome Oscillator I have put 2 templates ( for different taste ) into the package. There you´ll find the Awesome Oscillator with Alerts which is helpfull because the entry setup happens when the Awesome Oscillator bars turn from green to red and vice versa. http://www.multiupload.com/DOSBBBMPNHhttp://i52.tinypic.com/5lt3k4.jpghttp://http//i52.tinypic.com/5lt3k4.jpg Edited September 27, 2010 by fxeasy5 KENG, abdul73, wakjoe and 65 others 68 Quote Link to comment Share on other sites More sharing options...
wakjoe Posted September 27, 2010 Report Share Posted September 27, 2010 is it suitable for m15 timeframe? Quote Link to comment Share on other sites More sharing options...
fxeasy5 Posted September 27, 2010 Author Report Share Posted September 27, 2010 (edited) It is best on H1 and H4 (recommended), but it works too on M15 and M30. I would not trade it on M15 because there is too much noise which will result in too many losses. Edited September 27, 2010 by fxeasy5 pjfx 1 Quote Link to comment Share on other sites More sharing options...
Guest David1713006337 Posted September 27, 2010 Report Share Posted September 27, 2010 Going to try it today. Couldn't click on thanks button since I apparently exceeded my daily limit, but will do so tomorrow (24 hour waiting period my friend). Didn't want you to think I was unappreciative. On a funny note, I found one active poster that asks for thanks for his postings and has over 200 thanks given to him. His record shows he's never thanked anyone in return. Some people need a Gibbs Slap. Quote Link to comment Share on other sites More sharing options...
vladv Posted September 27, 2010 Report Share Posted September 27, 2010 Many thanks for sharing this system,it' exactly my taste of KISS-style trading system! Quote Link to comment Share on other sites More sharing options...
mograst Posted September 27, 2010 Report Share Posted September 27, 2010 thanks for sharing. What is your prefered currency for this system? Quote Link to comment Share on other sites More sharing options...
fxeasy5 Posted September 27, 2010 Author Report Share Posted September 27, 2010 (edited) All volatile pairs are good. EURUSD, GBPUSD, USDCHF, USDJPY, EURJPY, GBPJPY .... etc. If you look on the EURGBP H4-chart, even there we would get good trades. Maybe just enter when the SMA-21 is crossed and not wait until the bar has closed. It helps to watch the angle of the SMA 21 and only take trades into the proper direction ( angle up ---> only long , angle down ----> only short trades ) I like the clean chart. Edited September 27, 2010 by fxeasy5 Quote Link to comment Share on other sites More sharing options...
abdul73 Posted September 27, 2010 Report Share Posted September 27, 2010 thanks a lot its help for newbie Quote Link to comment Share on other sites More sharing options...
newbee1713006039 Posted September 27, 2010 Report Share Posted September 27, 2010 Does it make sense to code an EA for this "SEP"? Quote Link to comment Share on other sites More sharing options...
Guest james_phuc28 Posted September 27, 2010 Report Share Posted September 27, 2010 Hi everybody, This manual trading system seems good and profitable if using on at least 1h timeframe. 1h and 4h timeframe is good for reliable signals. If we add EMA34, and watch for price to see how it reacts above / can not get through down to go long, and reacts below / can not get through up to go short. Long time ago, I happened to see some guys (his posting of charts) who trade this similar system with SMA21 and EMA34 in combination with very good results. He also used CCI50 as oversold (to go long when crossing above oversold zone), and as overbought (to go short when crossing below overbought zone). At that time, I was still very newbie, and did not pay attention to learn his trading tactics and when, how he went long/went short. So, please try this setup and see if we can have a good combination of these common, but powerful indicators for MT4 or not. Regards, James Quote Link to comment Share on other sites More sharing options...
fxeasy5 Posted September 27, 2010 Author Report Share Posted September 27, 2010 (edited) If we add EMA34, and watch for price to see how it reacts above / can not get through down to go long, and reacts below / can not get through up to go short.I am trying to understand what you are saying. For example: If EMA34 is below SMA21 and price crosses SMA from above downwards -----> wait and see if it crosses EMA34 too and only then go short ? If it does not close below EMA34 then don´t take the trade although the candle closed below SMA21 and AO is red ? Please clarify. Edited September 27, 2010 by fxeasy5 ⭐ Tradeselect 1 Quote Link to comment Share on other sites More sharing options...
freddy Posted September 27, 2010 Report Share Posted September 27, 2010 This is a simple but very effective and powerfull method. fxeasy5, thanks for your sharing spirit. like David, my thank button is gone again ! (i don't understand this rule of waiting 24h, what is the interest?) anyway, i'll give it in time! But fxeasy, aren't you afraid that Donna takes your S.E.P.method and begins next week to sell it renamed : new" Method312" ? And it should be a winner this time! (at last!) Have a good day. freddy Quote Link to comment Share on other sites More sharing options...
fxeasy5 Posted September 27, 2010 Author Report Share Posted September 27, 2010 freddy, thanks for your comments. I think that this method ( it is not mine, I only found it in the pile of trading systems on my harddrive ) is far better than the Method311 . Quote Link to comment Share on other sites More sharing options...
john225 Posted September 27, 2010 Report Share Posted September 27, 2010 But fxeasy, aren't you afraid that Donna takes your S.E.P.method and begins next week to sell it renamed : new" Method312" ? freddy Or from Mr. KD for 99$ and with only 1 month backtesting :-D Quote Link to comment Share on other sites More sharing options...
Steveg Posted September 28, 2010 Report Share Posted September 28, 2010 (edited) Amazing how well 21 sma traces extended up-trend on 4 hour chart. Edited September 28, 2010 by Steveg removed incorrect pair Quote Link to comment Share on other sites More sharing options...
acaciam39 Posted October 14, 2010 Report Share Posted October 14, 2010 Hi everybody, This manual trading system seems good and profitable if using on at least 1h timeframe. 1h and 4h timeframe is good for reliable signals. If we add EMA34, and watch for price to see how it reacts above / can not get through down to go long, and reacts below / can not get through up to go short. Long time ago, I happened to see some guys (his posting of charts) who trade this similar system with SMA21 and EMA34 in combination with very good results. He also used CCI50 as oversold (to go long when crossing above oversold zone), and as overbought (to go short when crossing below overbought zone). At that time, I was still very newbie, and did not pay attention to learn his trading tactics and when, how he went long/went short. So, please try this setup and see if we can have a good combination of these common, but powerful indicators for MT4 or not. Regards, James Yes Its called CCI(50) from dr. bob Ferrari's he is obne of the member from Woodies CCI Forum. He used only EMA 34 sometimes used EMA 14 ; CCI(50) & CCI(14) Quote Link to comment Share on other sites More sharing options...
acaciam39 Posted October 14, 2010 Report Share Posted October 14, 2010 I thing its better rather then EMA 34 We used EMA 50 Quote Link to comment Share on other sites More sharing options...
acaciam39 Posted October 14, 2010 Report Share Posted October 14, 2010 This is a simple but very effective and powerfull method. It needs only 2 Standard indicators: SMA 21 Awesome Oscillator I have put 2 templates ( for different taste ) into the package. There you´ll find the Awesome Oscillator with Alerts which is helpfull because the entry setup happens when the Awesome Oscillator bars turn from green to red and vice versa. http://www.multiupload.com/DOSBBBMPNHhttp://i52.tinypic.com/5lt3k4.jpghttp://http//i52.tinypic.com/5lt3k4.jpg How about the exit ? Thanks before. Quote Link to comment Share on other sites More sharing options...
fxeasy5 Posted October 14, 2010 Author Report Share Posted October 14, 2010 No special rules for exit. As usual you can chose from 1. S/R levels 2. Fib-levels 3. close when AO changes color 4. close when price touches SMA21 5. other indicators Quote Link to comment Share on other sites More sharing options...
anton1713006147 Posted October 14, 2010 Report Share Posted October 14, 2010 Hi fxeasy5 and anybody, Please advice, can this indi be used on ECN broker (with 5 decimal). I see at the picture is using 4 decimal. Thanks, Anton This is a simple but very effective and powerfull method. It needs only 2 Standard indicators: SMA 21 Awesome Oscillator I have put 2 templates ( for different taste ) into the package. There you´ll find the Awesome Oscillator with Alerts which is helpfull because the entry setup happens when the Awesome Oscillator bars turn from green to red and vice versa. http://www.multiupload.com/DOSBBBMPNHhttp://i52.tinypic.com/5lt3k4.jpghttp://http//i52.tinypic.com/5lt3k4.jpg Quote Link to comment Share on other sites More sharing options...
fxeasy5 Posted October 15, 2010 Author Report Share Posted October 15, 2010 SMA and AO are standard Mt4 indicators which work on 4 and 5 digit brokers alike. anton1713006147 1 Quote Link to comment Share on other sites More sharing options...
maybe Posted November 17, 2010 Report Share Posted November 17, 2010 I'm thinking of making an EA for this strategy (shouldn't be very hard). I was wondering if people in the thread could specify how they want to use the 34 ema? Quote Link to comment Share on other sites More sharing options...
Draffi Posted January 31, 2011 Report Share Posted January 31, 2011 Something new here? Any results in the "long-run"? Quote Link to comment Share on other sites More sharing options...
shabz Posted February 1, 2011 Report Share Posted February 1, 2011 The Awesome Oscillator is really a 5 sma cross of 34 sma shown as a histogram. On your chart you have price which could be interpreted as 1 sma crossing the 21 sma. So you are basically trading 2 sma crossovers. If the 21 sma is above the 34 sma you are in an uptrend, & vice versa. juicyt 1 Quote Link to comment Share on other sites More sharing options...
juicyt Posted February 1, 2011 Report Share Posted February 1, 2011 Nicely put Shabz. I like that kind of info. Quote Link to comment Share on other sites More sharing options...
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