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MTF Trading System - fxozgirl Higher Time Frame spinoff
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Author:  fxozgirl [ Sun Sep 14, 2014 9:01 pm ]
Post subject:  MTF Trading System - fxozgirl Higher Time Frame spinoff
johnf » Fri Sep 12, 2014 5:20 pm wrote:This is great Shelley and a credit to you and your tenacity to persevere with the larger time frames.

As long as the rules are adhered to, then I can see this time time frame as being potentially better in the long run as far as profitability is concerned.
When I first put the system together I did trial the higher time frames but as I only worked with a few pairs the viability was questionable. It seems that your approach factors this in beautifully and that "safety in numbers" is what comes to mind which makes it perhaps a better proposition.

You should be applauded for your efforts and thank you for sharing this with the community.

Ideally if I can get this MA cross ea that addresses the 3ma and 8ma crossover to work, it would be a perfect exit strategy. Although in the higher time frames this could equate to many pips
I noticed that you can see the value in entry with the signal and corresponding MA colour. It is important that members take heed of instructions relating to this.
Happy pips everyone
Hi John,
Thanks for popping by...I appreciate your time here and again thank you for sharing your system in the first place!

Obviously I have not spent much time on the exit component just yet, but interested in seeing how effective the MA crossover will be...hopefully it will be what we need.

And definitely agree about the signal and MA colours coinciding...this is non negotiable in my opinion!
Cheers
Shelley
Author:  fxozgirl [ Sun Sep 14, 2014 9:02 pm ]
Post subject:  MTF Trading System - fxozgirl Higher Time Frame spinoff
zader » Sat Sep 13, 2014 12:52 am wrote:Hi Shelley, I'd just got all my charts set up to trade this system when you posted your template so I loaded it up just to be sure I was good to go and hadn't messed up, my 3MA + 8MA's were all off so I checked against your template and I see you're using Smoothed MA's, it might just be me( :oops: it usually is) but I took your instructions from post 1>
(i) Moving Average 8 SMA Close
(ii) Moving Average 3 SMA Close
to be Simple MAs, smoothed is SMMA and the difference is ma's crossing over can be a day or 2 :shock: so you might want to clarify it just in case anyone else makes my mistake.
Oops, my bad Zader...definitely smoothed MA's! I will update Post 1 and anybody trading this method, please ensure your MA's are smoothed.

Cheers
Shelley
Author:  johnf [ Sun Sep 14, 2014 11:14 pm ]
Post subject:  MTF Trading System - fxozgirl Higher Time Frame spinoff
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Author:  johnf [ Sun Sep 14, 2014 11:32 pm ]
Post subject:  MTF Trading System - fxozgirl Higher Time Frame spinoff
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Author:  Cherry [ Mon Sep 15, 2014 7:04 am ]
Post subject:  MTF Trading System - fxozgirl Higher Time Frame spinoff
Has anyone entered NZDCHF and CHFJPY, or perhaps feel there is a pullback in order first? This is the part i find hard, knowing a retrace is likely so I've put in limit orders to see how that goes.

I already had small positions left on AUDUSD and AUDCAD so not adding to them until I see if they pull back closer to value also. The orders are set at about the 8ma on H4.
Cherry
Author:  zader [ Mon Sep 15, 2014 7:41 am ]
Post subject:  MTF Trading System - fxozgirl Higher Time Frame spinoff
fxozgirl » Sun Sep 14, 2014 9:02 pm wrote:
zader » Sat Sep 13, 2014 12:52 am wrote:Hi Shelley, I'd just got all my charts set up to trade this system when you posted your template so I loaded it up just to be sure I was good to go and hadn't messed up, my 3MA + 8MA's were all off so I checked against your template and I see you're using Smoothed MA's, it might just be me( :oops: it usually is) but I took your instructions from post 1>
(i) Moving Average 8 SMA Close
(ii) Moving Average 3 SMA Close
to be Simple MAs, smoothed is SMMA and the difference is ma's crossing over can be a day or 2 :shock: so you might want to clarify it just in case anyone else makes my mistake.
Oops, my bad Zader...definitely smoothed MA's! I will update Post 1 and anybody trading this method, please ensure your MA's are smoothed.

Cheers
Shelley
:good: I knocked up a EA and while running it in the strategy tester just to check code of course, I may have caught a glimpse of the results and the SMA ones had higher DD and less profit.
:arrrg: Messed up the demo running this in my signature, wrong lot size was used and I shouldn't have started it up before the Sunday gaps, leaving it running for now just to see if it follows the rules in real time, with my coding skills I'm guessing not. :lol:
Author:  fxozgirl [ Mon Sep 15, 2014 8:28 am ]
Post subject:  MTF Trading System - fxozgirl Higher Time Frame spinoff
johnf » Mon Sep 15, 2014 9:14 am wrote:Hi Shelley,

whilst I am still optimistic with the longer time frame there are opportune moments that can be missed because of it. Remembering that we are looking for triggers on the day after the most recent signal on the weekly.
Here is one example that has only just triggered on the weekly and we have lost valuable activity during a whole week. Sure there may be some opportunities that may be advantageous on the longer time frame but as there are 52 weeks in the year these would perhaps be less?

So as a comparison on the weekly versus the H4 time frame I have selected an obvious pair for this week.

I have taken the AUSUSD as an example of this for a comparison.
Not that the weekly trigger. We only got the trigger today for a trade





Yet the H4 was already optimal one week ago


The 30 minute gave us two signals equating to over 340 pips
Hi John,

I completely agree with your analysis, however my problem is getting access to the charts every 4 hours in order to take advantage of these earlier signals and in no way do I think my version is better than yours, it's just how I have to make it work for me!
So it's unfortunate I do lose some of these earlier profits however if I can still make 10-15% per month even giving away some of these profits, I'll be very, very happy! :good:
Author:  fxozgirl [ Mon Sep 15, 2014 8:45 am ]
Post subject:  MTF Trading System - fxozgirl Higher Time Frame spinoff
fxozgirl » Fri Sep 12, 2014 7:23 am wrote:
Current balance: $5705.94
Floating balance: $6296.87 (approx +1087 pips)

Current open trades:
AUDCAD Buy 15/8 -107 pips
AUDUSD Buy 29/8 -249 pips
CADJPY Buy 21/8 +244 pips, JS +200 pips
EURGBP Sell 26/8 +7 pips
EURUSD Sell 22/8 +358 pips, JS +300 pips
GBPJPY Buy 26/8 +151 pips, JS +50 pips
NZDCAD Sell 1/9 +62 pips, JS +50 pips
NZDUSD Sell 22/8 +195 pips, JS +100 pips
USDCAD Buy 20/8 +84 pips, BE +5 pips
USDCHF Buy 20/8 +263 pips, JS +200 pips
USDJPY Buy 10/9 +88 pips

No trades closed in last 24 hours
1 new trade taken this morning

NZDJPY Buy
1. Re-entering into the uptrend
2. 3SMMA is higher than 8SMMA
3. Trigger candle has closed higher than 3SMMA
4. 2 completed candles in the direction of the trend following a 1 candle pullback
5. All dots are yellow on Multi MA
I didn't get a chance to update over the weekend, but please see below results at the close of trading on Saturday morning:

Current balance: $5705.94
Floating balance: $6242.10 (approx +1000 pips)

Current open trades:
AUDCAD Buy 15/8 -130 pips
AUDUSD Buy 29/8 -314 pips
CADJPY Buy 21/8 +218 pips, JS +200 pips
EURGBP Sell 26/8 -15 pips
EURUSD Sell 22/8 +316 pips, JS +300 pips
GBPJPY Buy 26/8 +206 pips, JS +100 pips
NZDCAD Sell 1/9 +77 pips, JS +50 pips
NZDJPY Buy 12/9 -22 pips
NZDUSD Sell 22/8 +217 pips, JS +150 pips
USDCAD Buy 20/8 +137 pips, JS +50 pips
USDCHF Buy 20/8 +229 pips, JS +200 pips
USDJPY Buy 10/9 +114 pips, BE +5 pips
Author:  fxozgirl [ Mon Sep 15, 2014 9:33 am ]
Post subject:  MTF Trading System - fxozgirl Higher Time Frame spinoff
fxozgirl » Mon Sep 15, 2014 6:45 pm wrote:
I didn't get a chance to update over the weekend, but please see below results at the close of trading on Saturday morning:

Current balance: $5705.94
Floating balance: $6242.10 (approx +1000 pips)

Current open trades:
AUDCAD Buy 15/8 -130 pips
AUDUSD Buy 29/8 -314 pips
CADJPY Buy 21/8 +218 pips, JS +200 pips
EURGBP Sell 26/8 -15 pips
EURUSD Sell 22/8 +316 pips, JS +300 pips
GBPJPY Buy 26/8 +206 pips, JS +100 pips
NZDCAD Sell 1/9 +77 pips, JS +50 pips
NZDJPY Buy 12/9 -22 pips
NZDUSD Sell 22/8 +217 pips, JS +150 pips
USDCAD Buy 20/8 +137 pips, JS +50 pips
USDCHF Buy 20/8 +229 pips, JS +200 pips
USDJPY Buy 10/9 +114 pips, BE +5 pips
Ok, so results so far today include:

2 closed trades, both for losses
AUDUSD -346 pips
AUDCAD -186 pips

5 new trades taken today:
AUDCAD - Sell
AUDUSD - Sell
EURJPY - Buy
GBPAUD - Buy
GBPNZD - Buy

The good news is below:
Current balance: $5427.36
Floating balance: $6260.25 (approx +1530 pips) - so actually higher than at open of trade this morning even after the 2 closed losers and 1050 pips locked in!

Current open trades:
AUDCAD Sell 15/9 -9 pips
AUDUSD Sell 15/9 -15 pips
CADJPY Buy 21/8 +22518 pips, JS +200 pips
EURGBP Sell 26/8 +10 pips
EURUSD Sell 22/8 +354 pips, JS +300 pips
GBPJPY Buy 26/8 +197 pips, JS +100 pips
NZDCAD Sell 1/9 +71 pips, JS +50 pips
NZDJPY Buy 12/9 -28 pips
NZDUSD Sell 22/8 +236 pips, JS +150 pips
USDCAD Buy 20/8 +129 pips, JS +50 pips
USDCHF Buy 20/8 +264 pips, JS +200 pips
USDJPY Buy 10/9 +109 pips, BE +5 pips
Author:  Cherry [ Mon Sep 15, 2014 9:42 am ]
Post subject:  MTF Trading System - fxozgirl Higher Time Frame spinoff
Hi Shelley, is there a reason you haven't entered chfjpy or nzdchf?
Thanks!
Cherry
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