I’ve been looking an entire week for an indicator with an alert that goes off (makes a noise) whenever the price goes over or under the 200 day moving average. I’ve been looking everywhere and all I can find is indicators for ema and sma crosses. If anyone can help me track this down please let me know.
Get one of those alerts, and put on 2 MAs,
A 1 period, and a 200 period.
BEEP!
sweet. thanks.
I just got done looking through all the indicators for ema and sma crosses and all I could find were ones with arrows and other wierd things that just confused and frustrated me. Master Tang, and to anyone else who can help me out, by any chance do you know of an indicator that beeps when the price crosses the 200 moving average when the 200 moving average is a simple line (like the indicator that comes already installed with metatrader 4)?
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ummm…anyone?
Scroll down a bit, and you gotta join the site to dload it.
MA Cross alert and sound - Forex Trading | MetaTrader Indicators and Expert Advisors
Hope that works.
You gonna join the site and do something other than ask for things?
4 posts, all on this thread.
The amount of people that join these sites looking for others to give them stuff is absolutely amazing.
There is an audible MA cross in the bollinger bands thread. You’ll have to search for it though. I don’t remember if the MA periods are adjustable though
Thanks guys. Master Tang, i’m not trying to be rude or anything, but I do believe that this is a forum for newbies to forex, trying to learn and grow as traders. I’ve been at this for a really short amount of time and I’m also in grad school, so I feel like I’m the last person someone would want to get advice from. I’m sure there’s alot of traders who feel the same way. I’m not trying to be rude or condescending, but if you could, please tell me how I can contribute to the forum. I would love to do all that I can, I just don’t know how. Should I start a thread about my experiences so far? If so, what section? I’m sure alot of traders who are just starting out like me are still confused with starting their first demo account with metatrader 4 and would love to have some guidence and constructive criticism.
You don’t need to contribute a strategy, or anything, just be part of the site. So many guys show up here, ask for an indicator, or help with a problem, get their answers, and then bail.
I think that is positively rude. Someone nice enough to invariably help them is around here, and when they help, they don’t even get a thanks.
Too many takers in the world. Be a part of giving back:)
Cheers!
Here it is.
Just change the extension ….txt ….mq4 and then compile in MT4
I completely agree with you Master Tang. It is 100% rude to bail after you’ve gotten what you want without giving so much as a thank you, espicially on a forum where people are trying to learn. I said it before and I’ll say it again, Thank you all for your help. Since I joined the site/forum, I’ve spent all my time trying to read through the amazing threads and gain as much knowledge as possible. I also didn’t want to ask a question or post my observations/experiences if the question had already been asked and because I feel like everything I have to say is so dumb and no-brainer stuff that newbie wouldn’t begin to describe it. This is the only resource I’ve found that I can ask a newbie question about forex. There are no traders (forex,stocks,or anything else) where I live that I can talk to about this business. As you can tell, I’ve got alot to say and could contribute, I just have no clue if it’s ok to post this stuff, and if so, where.
Anyways, thanks to all of you for your help. I think the best indicator I’ve seen so far is the Price Crosses MA (Alert).
i like what he is asking for because the 200 sma is the holy grail of forex trading…i am sure he will contribute late on when he has mastered but a big thank you goes a long way so i agree… code master did a thread with a fantastic indicator called pips to ma, it will tell how close price action is to a adjustable MA
200 sma is the holy G.? in what way?
if i follow your train of thought, any single MA or indicator can be the holy grail.
Yes your right, to me the holy grail means that i can enter the market set a stop and walk away for a few days and cash up on a double top or bottom. Thats the 200SMA. If you know a better one please let me know.
If you enter any place else other then the 200SMA in the market then its like painting a wall from the middle down and up. Or in trading terms buying high and expecting to get a good price for currency you paid to much for. Google the 200…
David jefferson did a good thread it turned my trading around trippled my income and also help from my friends who are FT Traders to…trading is fun now and i spend less time doing it once your in on the sma with a stop and you took half the position as profit on ten pips then your left with the balance in the market, thats a winning trade that can only win more if you leave it alone and do not fiddle, sometimes it takes your stop so you come out with only 50 profit from the split. But if it takes of then minimum you expect is a 100 pip trade on a runner from the 200. Last week I did NZDAUD on the 200 CAD USD on the 200 and on friday I was long on the EURO on the 200 and that broke out. I lost 20 pips trying to get in on the correct side of the SMA during the Week. Thats expected with such a simple system. I think I did about 300 pips…
seems great on paper, would be interested to see how it performs in a fixed tight range, as we know SMA’a fail in that area. I use a similar approach with 100MA on 15M TF with Fibs…
yes has to fit your style but would never go anything lower then 1 hour for SMA to be reliable and never short a trade when the price is above the 200.I take the signel from the 1 hour and 4 hour. The problem is finding the trades, but that is fixed as codemaster has an indicator that monitors all the major currencies and alerts me about 10 pips from the SMA 200. Its a bell so i can play Call of duty and when i get the bell i spend about 5 mins waiting to get in. Like i said after i am in most of the time theres a short run of 10 pip + profit, so i split the position move up my stop to 1 pip below my entry and after that move on to the next one. Or if its gonna go the other way same thing again. I only loose money getting in on occasion. But remember if your in on the SMA you have the best price available in the market so getting stoped out does not happan much…theres tons on stuff on the net about the 200 they say its the most relaible and it works for me. Most mornings i am able to get 3 trades running after taking some losses getting in London. By New York time the 3 will be up 20 pips or more each, maybe one stoped out or did not take of. I try to get in on 3 more in new york loose some money trying to get in again.At take off, all will be runing over night or all week. No fiddling ignore price no reactions. Cos if you dont have your price in the market then you will not have the opportunity for 200 to 700+ pip single trades. Trying to get in on any other place i think is a 80% chance of failure. Cant fail on the 200 coz your at the right airport but getting in on the plane means you have to fight the confusion finding terminal 1 to board…after that its job done. Exists, depend on when i am at my computer and i definitly close all trades by lunch on Friday… I did euro long on friday…nice little earner, on the 200 offcourse… I would like to find better ways to know if the 200 is going to be short or a long position. To determine that i use put chanal lines on the 4H. then switch back to the 1 hour. then bounce of the channel and get my price at the sma. Also i look at the sma slope and maybe take note of stochastic. if im a bit late and see a bounce up from the sma and pullback i will buy low at the sma on the pull back…I learned that from David jeffersons thread. And about the channels from one guy on you tube. Trading used to really mess my life up but theres been some great contributors on this site and others and I am doing there methods just in my own way.
I am a trend trader so the 200 is well suited. I do not have an appertite for watching minus trades for more then a minute. 1 hour chart with price at the 200 is the runway. So you get some delays but not frequently but your on takeoff zone with tight stops.
Sounds good, and im glad to a see a fellow trader making use of a trading approach that suits their own style.
I personally made my own trading method, after three years of testing and research I have finally found what seems like a stable middle ground which I am happy with. Unlike yourself I am not a trend trader, I will buy into the strongest down-trend or Sell into the strongest up-trend. I trade intra-day and so know that profit can be made on high probability bounces or retraces which is why I heavily rely on Fibs as a core element of my analysis.
It’s great you get that number of trades per day, I usually get a little less, perhaps 3 trades a week per pair. All my trades are set to 1:2 Risk to Reward and I have averaged a 60% win rate, with a 50% win rate in slower months such as the summer periods when the markets tend to tighten up a little due to a reduction in commercial trading. In fact you can see this perfectly GBP/USD and EUR/USD for the first three weeks of August just gone with the Average True Range dropping off quite steeply.
Trading is a strange one though, you can have a way of trading that has worked year in year out and then for no reason that you can anticipate your results take a hit. I’ve always said that draw-down is the biggest killer in trading, and trying to minimise it should be a core concern for any trader, new or old. It’s only when you get burnt that do you realise the importance of keeping your risk to a suitable level.
Good luck pal.
Thanks J your approach is cool to and thank you for sharing…keep on doing what your doing if its working…drawdown yes sucks, with a sma system i use (not my system just copy from others and changed to fit me) approach if the 200 does not fit in the price action for the last month Idont considider the 200 valid. on the pair and dont trade it…so it been consistent all 2012. I find my take 10 pip split works good as the stress is out of the trade no matter what happans after… i hate losses,but its not so bad loosing when you manage the loss, as you have a purpose to loose. my system includes losses…aha aha