MA Crossover-based system - Squiggles (MA Crossover-based system - Squiggles)
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Hello everyone! I want to show you a trading method that I have been using.
About me:
I have been trading Forex for the past two years, and for the three years before that,
Forex is trading me... I'm sure you know what I mean.
In any case, the method is derived from the MA crossover system, with the significant difference that the signals are generated by price line (line chart) crossovers instead of moving averages.
The idea is to get in early with minimal risk and make it as simple as possible and free yourself from candle analysis without worrying about dojis, marabozus, etc.
We will use a line chart with two moving averages and daily pivots to understand the market context.
It's very simple but does take practice as you will be using your visual/spatial abilities to determine the quality of the trade.
In other words, it's not set and forget, it's more like flipping, and if you've done any of these before, you'll find it quite easy.
This is basically an early entry method rather than a trading system, and traders are encouraged to develop their own strategies using these basic but effective entries.
advantage
Price is your indicator.
Easy to grasp concept Minimum stop loss required Large number of signals on all pairs Excellent average profit to average loss ratio
shortcoming
Many scratch trades (although losses are small)
Hit rate may be lower you have to practice visual setup.
You might miss the candle...like they took a toy from your play box...
Not everyone can do this as well as any other method/system.
set up
Line chart (default lime green)
ALMA_v1 moving average (set to 8 periods, default to 9)
T3 Clean Moving Average (set to 13 periods) Thanks to MLaden.
Market background for daily pivots, rallies. (any type, regular piv, no fibo, etc.)
ATR of the last 10 periods (reference value, target price, etc.)
Nothing else we use two particularly sensitive and smooth MAs to get very early entries, if you want you can check how they differ from EMA, SMA.
If you are interested in learning more about ALMA MA, I have attached the PDF document for background.
There's really nothing to add, it's very intuitive and casual, practice, practice, practice.
What it looks like:
Hello everyone! I want to show you a trading method that I have been using.
About me:
I have been trading Forex for the past two years, and for the three years before that,
Forex is trading me... I'm sure you know what I mean.
In any case, the method is derived from the MA crossover system, with the significant difference that the signals are generated by price line (line chart) crossovers instead of moving averages.
The idea is to get in early with minimal risk and make it as simple as possible and free yourself from candle analysis without worrying about dojis, marabozus, etc.
We will use a line chart with two moving averages and daily pivots to understand the market context.
It's very simple but does take practice as you will be using your visual/spatial abilities to determine the quality of the trade.
In other words, it's not set and forget, it's more like flipping, and if you've done any of these before, you'll find it quite easy.
This is basically an early entry method rather than a trading system, and traders are encouraged to develop their own strategies using these basic but effective entries.
advantage
Price is your indicator.
Easy to grasp concept Minimum stop loss required Large number of signals on all pairs Excellent average profit to average loss ratio
shortcoming
Many scratch trades (although losses are small)
Hit rate may be lower you have to practice visual setup.
You might miss the candle...like they took a toy from your play box...
Not everyone can do this as well as any other method/system.
set up
Line chart (default lime green)
ALMA_v1 moving average (set to 8 periods, default to 9)
T3 Clean Moving Average (set to 13 periods) Thanks to MLaden.
Market background for daily pivots, rallies. (any type, regular piv, no fibo, etc.)
ATR of the last 10 periods (reference value, target price, etc.)
Nothing else we use two particularly sensitive and smooth MAs to get very early entries, if you want you can check how they differ from EMA, SMA.
If you are interested in learning more about ALMA MA, I have attached the PDF document for background.
There's really nothing to add, it's very intuitive and casual, practice, practice, practice.
What it looks like:
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