OILFXPRO'S 5 wmas

trading strategies and money management discussion, code, results

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OILFXPRO
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OILFXPRO'S 5 wmas

Postby OILFXPRO » Sat Apr 19, 2008 1:07 pm

Hi

This version good results This is purely mechanical AND RESULTS CAN BE IMPROVED WITH MANUAL TRADING USING DIVERGENCE INDICATOR,INTEREST RATE BIAS ,SUPPORT AND RESISTANCE AND USE OF WEEKLY AND DAILY CHARTS

5 min charts
euro/usd

Stop 55 take profit 125

Entry:Long positions: Lwma 5 must be greater than lwma 20 , and both lwma 5 and lwma 20 must be greater than lwma 100,and lwma 5,20 and 100 must be greater than lwma 200 , and lwma 5,20,100and 200 must be greater than lwma 400


Short position: opposite set up of long entry

Add a second position if price retraces ie for long price drops 30 pips and for shorts price rises 30 pips

Trailing stop 70

Filter:The above system is presented with a 20 pips filter to entry price .Example if long entry m/a set ups in place at 1.4000 long entry level is 1.4020 and if shorts set up short entry is at 1.3980.Without this filter the m/a systems are losers

Like all strategies manual traders can use their own judgement and get better results.This strategy can be combined with channels and support and resistance on different times frames ie 1 hour ,4 hour and weekly.

Use a Divergence indicator (or chart patterns)for better results
Many indicators tend to imitate the peaks and troughs on the price chart with a series of similar highs and lows. Divergence occurs when the indicator fails to imitate the pattern on the price chart, a sign of trend weakness and likely reversal.

In an up-trend, if price makes a new High (a higher peak than the last) but the indicator fails to do so, that is a bearish divergence.

In a down-trend, if price makes a new Low (a lower trough than the last) but the indicator does not, a bullish divergence occurs.

Stochastics giving a divergence at end of a trend .Some divergence indicators explained with videos.


Use any volatility breakout indicator to confirm a trend or any trend confirmation indicator .OILFXPRO VOLATILITY BREAKOUT INDICATOR is attached

Use with expected changes in interest rates and the system is likely to perform better


Results posted are mechanical strategy without manual intervention and without using a divergence indicator.Here are some better results for the above strategy


If u see the template history it catches trends

OILFXPRO

System is free compliments of http://www.oilfxpro.com
Attachments
oilfxpro 5 wmas.tpl
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OILFXPRO V B (VOLATILITY BREAKOUT).mq4
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OILFXPRO
rank: <50 posts
rank: <50 posts
Posts: 15
Joined: Thu Apr 17, 2008 9:03 am
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Postby OILFXPRO » Sat Apr 19, 2008 1:17 pm

Attachments
3 wmas prop 45 85  1059 profit approved.gif
3 wmas prop 45 85 1059 profit approved.gif (6.09 KiB) Viewed 140 times
3 wmas prop 45 85 1059 profit approved.rar
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developer of professional quality expert advisors and indicators


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