This method of two moving average cross will not work because a billion traders tested it and failed . I tested it 20 years ago and it looked good AFTER the price print finalizes,but does not work in real time. After price print finalizes, you only see one cross on the chart. But in real time there can be many crosses, that as price goes back and forth, the two moving average cross back and forth, so by your method you need to enter position and cut loss and enter again and cut loss again. When the print finalizes, you only see one cross on the chart. All those crosses back and forth disappear.That is why after fact it looks working but in real time it won't work.
There are always plenty of people who will tell you that something will not work. Accept no substitutes. Prove it for yourself by testing it yourself. That is the price of admission to The Trading Game. Pay it now or pay it later. lol. Maybe most important After a productive tested method and the ability to execute it accurately, imho. Below could be used along with the stuff in the two links above. Keep it Simple and Keep on trucking, Holmes. Rabbit Ears https://elitetrader.com/et/threads/...st-right-here-baby.335635/page-9#post-4999326 YMMV
I wiil be continue posting my trades and my thoughts. If I stop doing this, it will mean that i will be into a war
There are 4 trades in last week. 1) 22.04 Buy 27435 - 23.04 Sell 27565 2) 23.04 Short 27535 - 24.04 exit 27731 3) 24.04 Byu 27595 - 24.04 sell 27220 4) 28.04 short 29280 - 28.04 exit 29378 Now I found one mistake - I am tryed to enter at the beginning of the trend without looking at the previous day. Now I will enter a short position if the previous day was down
You're using moving average crossover to inform you on the market, no? So look at the linked chart below. Ignore everything except the red moving average and the green moving average. Got it? Good. Describe what happened. https://elitetrader.com/et/threads/...t-right-here-baby.343012/page-48#post-5803448 While you're thinking, here's something to think about. https://www.babypips.com/learn/forex/dynamic-support-and-resistance Test this shit out before you throw money at it, holmes. If it does not make money in your hands, find something that does before you throw money at it.
In your link, the price returns to the average value (red moving average) and starts from the average. The price goes around the average value.