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Showing results for tags 'trending'.
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Hi All. I have been trading this system the last 6months with great success and feel like I should share it. I'm not taking credit for the system seeing as I didn't come up with the basic rules. It goes like this... On a daily chart add a 10 and 20 EMA to indicate daily trend. Be sure to only trade long when trend id up, and short when trend is down. On 60min chart ad 10/30EMA and a Will%R with period of 3. Place lines at overbought/sold levels(-20,-80). When the daily and hourly trend are in sync, meaning both are up or down, Gold is in play. In an up trending market, wait for Gold to sell off enough to get the Will%R oversold. As soon as candle closes with Will below -80 wait for a break of a previous candles high. This can take one hour, it can take 5. Enter on break of any high of a candle and set stop loss at that candles low(the one which high was broken). We will call this candle the signal candle. RULES:(for long entry, reverse for short) Never enter if the signal candle closed below 30EMA. Signal Candles range must be less than $5.(50 pips if geared 1:10) Take profit is double the range on top of your entry price. If EMA's cross before high is broken, THE TRADE IS NO LONGER VALID. As I said, I have personally traded this for a while and make great profits. NJOY!!!
This is a little study I did back in January of 2010 when I was interested in demonstrating which popular futures markets exhibit more trending behavior. To do this I devised a simple trend following strategy that consisted of a single 50-period simple moving average on a daily chart. The system only takes long signals. It enters a new trade when price crosses above the moving average and closes that position when a daily bar closes below the MA. I'm not attempting to create a trading system per say, but creating indicator that measures a market's trending characteristics. The rules are below: Because this is a trend following system, it should perform better on markets that exhibit trending behavior. I tested this system on some popular stock index futures markets and currency futures markets. The chart below is organized from left to right with the best producing market. Notice which markets are grouped to the left and which markets are grouped to the right. 2000 - 2009 Daily Bars – No Commissions – No Slippage I think this provides some evidence that the stock index markets do not have nearly the trending characteristics of the currency futures markets. More specifically, the Euro really shines as a trending market. I know from personal experience that I generate consistently better results when I trade my trend following strategies on the Euro currency futures as apposed to S&P Emini. In fact, I no longer trade S&P Emini with my trend following setups. If you have a trend following system and trade the stock index markets maybe you will want to take a look at the currency futures.