DAX EMA Cross-over decimal level

Forums › ProRealTime English forum › ProOrder support › DAX EMA Cross-over decimal level

Viewing 8 posts - 1 through 8 (of 8 total)
  • 12/08/2017 at 11:00 AM #55047
    OSCARDAX

    Hi Nicolas

    I am interested in trend-following the DAX on IG using PRC using a 5 minute timeframe using couple moving averages.

    My main issue is that on PRT it goes to 5 decimal places when a MA value is displayed. Hence a cross-over is activated even if one MA value is just say 0.1

    For example on the DAX you often get, what I call a ‘touch/kiss’ of moving averages, so technically a cross-over has occurred, but at a level in my opinion, of <0.5 is irrelevant: I would not want to exit this trade, I would want to stay in, till the next 5 minute candle has finished. That candle may indeed confirm that I do have to exit that trade and open a new trade but also often, the trade carries on in the same direction. The result here is that we do not have to exit and then re-enter the trade, which can cost us quite a bit sometimes. I need the code to reflect this difference of at least 0.5 before we exit that trade and re-enter a new one. I have actually attached a picture of a DAX screenshot (red arrow) of a typical MA ‘touch/kiss’ on November 14th, these happen at least 3 times per week on a 5 min chart. The majority of these are ‘false’ cross-overs i.e. the trade is still going in your desired direction, but the PRC would activate and you’d have to exit and then re-enter, so costing you points.

    I really do hope you can help !

    OSCARDAX / UK

     

     

     

     

    12/08/2017 at 1:03 PM #55102
    Leo

    you can use a bollinger band with a very narrow width betwwen bands.

    12/08/2017 at 9:49 PM #55201
    OSCARDAX

    Thanks for that but I want to keep it as simple as possible, once you start adding indicators there is no end to it really. 

    12/08/2017 at 10:03 PM #55203
    Despair

    One possibility is to take the high of the candle (or low for short) when the cross over takes place as the trigger.

    12/09/2017 at 3:53 PM #55224
    robertogozzi

    When the croosing happens you can decide to ignore it, till the next event, if the difference between the two MAs is less than “n” pips!

    Roberto

    12/09/2017 at 7:20 PM #55230
    OSCARDAX

    Hi Roberto,

    Thanks for your comment, but I want the rule to be based upon the difference between the moving averages themselves and not the actual price / pips. The reason I say this is that often you will get a price ‘spurt’ up or down within a certain timeframe but that is strictly that, a temporary phenomenon, the price then carries on doing what it was doing. I think the worse thing is that you exit because of say ‘n pips crossover’ and guess what….the actual MA itself – because its an average – stays in the same position. You have now exited the trade because of a price jump, but the MA is still in the same direction ! the psychological impact on you as a MACO trader will not be good, you’ll be kicking yourself. IMHO me personally, I have to stick to the core principle and that’s the average price and not the actual.

    As always in trading we need to think of our mindsets and not just the outcome itself….

    OSCARDAX

     

     

    12/12/2017 at 11:44 AM #55472
    Nicolas

    Please try with this modified code and give feedbacks here:

    Before entering a new trade, the code checks if we are actually on market or not. At the beginning of the code, orders are closed accordingly to the 0.5 points MA differences if a new MA cross over/under has occurred. 

    12/12/2017 at 12:33 PM #55488
    robertogozzi
    OSCARDAX wrote:

    Hi Roberto, Thanks for your comment, but I want the rule to be based upon the difference between the moving averages themselves and not the actual price / pips. The reason I say this is that often you will get a price ‘spurt’ up or down within a certain timeframe but that is strictly that, a temporary phenomenon, the price then carries on doing what it was doing. I think the worse thing is that you exit because of say ‘n pips crossover’ and guess what….the actual MA itself – because its an average – stays in the same position. You have now exited the trade because of a price jump, but the MA is still in the same direction ! the psychological impact on you as a MACO trader will not be good, you’ll be kicking yourself. IMHO me personally, I have to stick to the core principle and that’s the average price and not the actual. As always in trading we need to think of our mindsets and not just the outcome itself…. OSCARDAX

    Moving averages by themselves DON’T exist. They always represent price. If, at the closing of a bar, average[10] is 12300 and average[20] is 12295 the difference can only be measured using price or pips (they are the same thing, only expressed in different ways).

     

  • Author
    Posts
Viewing 8 posts - 1 through 8 (of 8 total)

Find exclusive trading pro-tools on ProRealCode Marketplace

Similar topics:
200 ema & macd indicator
bb trading one long one short on dax 9-17,30
custom screener – dax 40
dax dayly: system that works.
dax sneaky bull trap ?
dax trading advice
ema proximity filter returning inconsistent results
ema screener 15 over 30
ema strategy 3 candles
enter position only once for a level

Create your free account now and post your request to benefit from the help of the community
Register or Login