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wma cross strategy, is this going to works?
lamode
post Aug 8 2005, 10:44 AM
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I am pretty new in this business, i started to do research and find other information about forex. On the way, i found this in other forex forum accidentally, i wonder if this is going to work. unsure.gif

QUOTE
Here is my strategy:

Enter short eur/usd 20 pips below the level of wma5 & wma20 cross.

Enter long eur/usd 24 pips (20 + spread) above the level of wma5 & wma20 cross.

Entry for usd/chf & gbp/usd is 30 pips below the cross for short, 35 pips (30 + spread) above the cross for long.

The waiting pips are a good filter for whipsaws.

Initial stop loss is the level of the cross.

I trail my stop loss at the end of every 30 mins, moving it to the extreme of the last 30 mins unless it was a longer than average bar, when I move stop loss to halfway up the bar. I also move down to 5 mins with same averages to help with better exit.

My first target is 30 pips, then 50 pips, then 100 + pips. Any suggestions on adding to trades & especially on exits would be much apreciated.

Bunnygirl
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stockbroker
post Aug 8 2005, 10:56 AM
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I would think that it would work. The only way is to test it on a demo.


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FinallyRetire
post Aug 8 2005, 02:53 PM
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Here is some more info on it.


Attached File(s)
Attached File  Bunnygirl.pdf ( 337.99K ) Number of downloads: 99
 


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mssarath
post Aug 10 2005, 09:41 AM
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Another bunny girl follower smile.gif
its a very good system for newbie and i think it is the system with large number of followers.
FR, thanks for that pdf.

this system is simple, willing to loss some pips 20-30 to get an assured profit of 30-50 pips.
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unclejesse
post Aug 10 2005, 03:04 PM
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I looked at the EUR/USD for the past 4 trading days (30 min chart).

- If you take every cross as a buy/sell signal and get into your trade at the start of the bar AFTER the cross, and

- Use two lots:
- lot 1 has a TP of 20 pips
- lot 2 has a TP of 30 pips

Stops are either:
-30 pip SL
-re-cross or touch of WMA
-your entry point after position has moved in your favor at least 20 pips


I show a profit of +225 pips. It seem so easy looking through the past. I will give it a try this week in real time smile.gif

This post has been edited by unclejesse: Aug 10 2005, 03:47 PM


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boiboyan
post Aug 11 2005, 05:24 AM
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Trust me UncleJesse...you won't go wrong with this system.
Frankly i think BunnyGirl's a genius...and the fact that she shared so much without even asking for a single dime.

Ive been hitting about more than 100 pips daily for the past few weeks following her system and i can tell you its been exciting. clapping7.gif

Heh...in fact i'm going to start trading LIVE next week and thought of opening a trade journal here, rather than at Moneytec (cos MMG feels more like home...).

So once my funds are in (my gf and i are pooling together some cash)...i'll start ASAP!
Cheers!!
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unclejesse
post Aug 11 2005, 07:28 AM
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Great. I look forward to reading it !

My biggest problem over the past few months was that I didnt have a good entry point or "trigger". I knew how to use pivots and indicators to find exits and determine the trend, but, I had no way to get into a trade.

Bunnygirl is great for this smile.gif



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