MTF Trading System - fxozgirl Higher Time Frame spinoff

[zader]

Hi folks, can anyone please tell me how you work out the conversion of moving averages for one timeframe to what they are in another time frame? I would like to calculate the 1 and 20 of the weekly chart to the equivalent for the daily. I feel for myself it would be beneficial to see on the daily the areas where we are ranging around a W1 cross.
Hope I've explained what I mean.

Thanks to anyone who can supply this info!

Hi Cherry, just multiply it by 5 so drop a 5 SMMA & 100 SMMA on the daily.
Here's a daily chart, the red line is the weekly arrow and the white the 5&100, remember the weekly arrow doesn't show up until candle close so the 5&100 crossing 4-5 days later isn't a late signal and sometimes it will cross mid week so could get you in a trade earlier or get you in trouble

dma.png

[Cherry]

Thanks Zader, so simple.. why didn't I think of that?!! I did think of dividing it by 5 but realised that wasn't right!

[Cherry]

Makes interesting (and pretty ) viewing with a colour fill!

D1 with 5 + 100 smma.JPG

[SteveHopwood]

New toy folks. http://www.stevehopwoodforex.com/phpBB3 ... 06#p101306

[fxozgirl]

Current balance: $7147.57
Floating balance: $6770.77 (approx -600 pips)

Current open trades:
AUDCAD Sell 7/10 -77 pips
AUDNZD Buy 6/10 -1 pip
EURCAD Sell 2/10 -64 pips
EURJPY Sell 6/10 -38 pips
GBPCAD Sell 6/10 +3 pips
GBPJPY Buy 24/9 -367 pips
NZDCAD Sell 7/10 -54 pips

Balances at close of trading on Saturday morning:

Current balance: $7147.57
Floating balance: $6775.69 (approx -595 pips)

Current open trades:
AUDCAD Sell 7/10 -30 pips
AUDNZD Buy 6/10 -80 pip
EURCAD Sell 2/10 -108 pips
EURJPY Sell 6/10 +132 pips JS moved to +50 pips
GBPCAD Sell 6/10 -38 pips
GBPJPY Buy 24/9 -545 pips
NZDCAD Sell 7/10 -30 pips

After the retraces that occurred during the 2nd half of last week, Friday saw most pairs head back into their respective trends resulting in a lot of trades taken this morning:

AUDCHF Sell - new signal/main entry
AUDJPY Sell - new signal/main entry
AUDUSD Sell - re-entry signal
EURAUD Buy - new signal/main entry
EURNZD Buy - re-entry signal
EURUSD Sell - re-entry signal
GBPAUD Buy - re-entry signal
GBPNZD Buy - re-entry signal
GBPUSD Sell - re-entry signal
NZDJPY Sell - re-entry signal
NZDUSD Sell - re-entry signal
USDCAD Buy - re-entry signal
USDCHF Buy - re-entry signal

[intcust]

good news the 10% acct is only about 7% draw down.

[fxozgirl]

good news the 10% acct is only about 7% draw down.

If that's my demo you're referring to...unfortunately I had to let it go last week, I couldn't keep on top of it with all the hassles I've had with Empty4 and getting the EA up and running.

I will remove that link so not to confuse anyone else...sorry

[intcust]

good news the 10% acct is only about 7% draw down.

If that's my demo you're referring to...unfortunately I had to let it go last week, I couldn't keep on top of it with all the hassles I've had with Empty4 and getting the EA up and running.

I will remove that link so not to confuse anyone else...sorry

It was I just looked at it and saw that none of the last trades were on it so I figured you were not able to keep it updated.

to bad but one only has so much time and I know you and Steve are working on the ea.

[6y588]

The account demo has a drawdown of -A$2002.70, are you able to perform some analysis on the current drawdown? Has it reached your worst case scenario?

[lonelytrader]

The account demo has a drawdown of -A$2002.70, are you able to perform some analysis on the current drawdown? Has it reached your worst case scenario?

I guess you missed her last post which said that she had to let it go due to time constraints with the work on the EA... based on how the EA is doing, its worth the sacrifice