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Originally Posted by craig66 There is no best combination of MA cross settings, every combination has drawbacks in different market conditions. If you are determined to use MA crosses I would do it on a H4 or daily timeframe and just try different combinations until you see something you like. I don't think pure Moving Average cross systems really work anymore, too low of a MA setting and you get whipsawed to death, larger MA settings don't tend to cross until the market is going in the complete opposite direction. As for type of MA, it really does not matter in the long run.
Search for the 'bunny cross system' if you want an example of a MA cross system, but read the thread carefully because there was alot of discretion used to make the system a 'success'.
If you are just starting out, I would give yourself a head start and just forget about MA cross systems (and multiple indicator systems in general, adding another statistically insignifigent indictor does not make a better system), I spent so much time testing all sorts of TA cross systems & none of them work, I quick internet search will quickly reveal the futility of these approaches. RSI, Stochastic etc, it's all s**t. All you can do is trade in the general direction (taking into account news & support/resistance) of the market and give yourself an edge though risk & money mangement.
Sorry for the rant, I'm just trying to save you the sea of crap I had to wade though. |
What you have said about MA cross is correct, I have also tried many MA Cross stratergy and at the end realise crosses are like Death cross.. enter late and reach at Graveyard.
But Moving average works...But it is the way how we uses it.
I have posted one setup on Forex-TSD forum where i use Simple moving average as Support and Resistance. you can have a look at that thread.
here is link
http://www.forex-tsd.com/suggestions...ple-setup.html
Best Regards
Ramdas