Amazing Crossover System - 100+ pips per day!

jfpetri · December 22, 2011, 4:45pm

boomerpips, can you post your statistics?

jfpetri · December 22, 2011, 4:47pm

What is your stop?

pipilika · January 2, 2012, 11:16am

Quite an amazing strategy. I wonder why this thread became so dead. Phantom must be enjoying holidays!

JimFNA · January 3, 2012, 6:21pm

It looks like we just got a Long signal on USDJPY, if anyone’s interested.

JimFNA · January 3, 2012, 9:58pm

I just got into a short EURUSD position using this system.

sharma4133 · January 6, 2012, 3:28am

gud strategy but work best on trending…

JimFNA · January 6, 2012, 4:02am

Absolutely.

Pip_Mister · January 6, 2012, 10:17am

Good Morning from a newbie

I was reading the thread about the Amazing Crossover System and am a little confuses about one part. It say to set rsi to 10.
Apply to median HL2 with one level at 50. Would someone explain this please.

thanks for the help

Pip_Mister · January 6, 2012, 10:20am

Sorry two left finger typing.
it said one level at fifty(50)

plasmatron10 · January 6, 2012, 10:58am

Hi FXPhantom, I am completely new to this so please forgive me for what will seem like a dumb question, but if i dont ask then I will not learn, from your system there is only one line I dont understand fully and it is this…
RSI (10 - Apply to Median Price: HL/2) – One level at 50.
Now I know all the others reading this will be raising their eyebrows but could you please clarify what this means, many many thanks Dave

mercury7 · January 6, 2012, 6:26pm

amazing 100 pips crossobver system…where s the system please…cant find it anywhere???

dobro · January 6, 2012, 8:24pm

How about page 1, post #1?

GENT3861 · January 11, 2012, 11:35am

Hey all I have a real dumb question, where can I find the actual EMA indicator. I can not find it on the MT4 platform, it is entirely possible that I am looking for the wrong thing. So that being said could someone please point me in the right direction. Much appreciated.

Eliminetor · January 11, 2012, 11:44am

I’m Pretty much a newbie myself but its the Moving Average (MA) in mt4. Right click on it, Attack to chart and then you need to set it to Exponential (E). So now you got an Exponential Moving Average (EMA).

You also got SMA (Simple Moving Average), LSMA (Linear Weighted Moving Average) etc.
They all behave differently.

Greets,

Michel

GENT3861 · January 11, 2012, 11:50am

Thanks mate, really helped out a lot. I knew it was something dumb like that.

ramkumar · January 11, 2012, 1:11pm

in fourth picture the rsi and ema crossing is same but the macd is crossing below late so when i can take the trade , after macd crossing or rsi and ems crossing when?

ForexPhantom:

Greetings everyone,

Last night was a great night to be using this system.

Unfortunately, all the action happened while I was sleeping!

But, I had been lucky enough to take a slight risk that paid off big time.

In an earlier post, I posted a picture of a possible trade setting up on the EUR/USD. The EMA’s were close to crossing and the RSI was descending and hovering around the 50 Line.

I set a SELL STOP order at 1.2585. This was around 20 - 25 pips lower than the current price at the time (not sure exactly, but around there).

I figured that if the price went down that much, the lines WOULD have crossed and the RSI WOULD have crossed below 50.

In short, I was right! My SELL STOP was executed while I was counting sheep. My T/P was hit for 50 pips even. I had used a S/L of 100, too.

Below, I’ll post the pictures of how it all went down. You’ll notice that in the second picture I have added the MACD indicator.

Here are the settings I use:

MACD
FAST: 5
SLOW: 9
MACD SMA: 4

I’ve noticed that this indicator only works about 75% of the time. Sometimes it’s late! Sometimes it does not agree with the RSI.

I think it’s only very accurate if it crosses from the top of the indicator bar to the bottom (with a big downward slope). It can provide justification though if both the EMA’s and RSI are showing a trade setup.

The MACD settings may need to be tweaked.

PICTURE 1 shows the possible setup approaching.
PICTURE 2 shows what actually happened.

The rest of the pictures will show you trades that all took place overnight that we all missed! We had literally a handful of viable trades.

Perhaps the best time to trade is during the night, after midnight?

Anyways, I’ll describe in another post a possible way to benefit from this.

Stay tuned.

Account Statistics:

Starting Balance: 1,000
Current Balance: 1,050
Equity Increase: 5%
Pips Gained: 50

Not bad for one night’s worth of sleep!

-ForexPhantom-

dobro · January 11, 2012, 9:23pm

I always have a 60SMA/close on my charts just to show the general trend - or lack thereof. Nothing fancy but simple and effective. I don’t use it in any other fashion ie. SL, TP, entry, or exit, just trend direction. Works for me. d

zirzovat · January 14, 2012, 3:23pm

thanks for the indicator. i just love this forum and you the sharers… and this strategy let me started winning constantly. i like the sharing what i know for free. so we all guys here gonna find the best way and pocket moneys all together…and i give my special thanks to FOREX PHANTOM for sharing this amazing strategy and appreciate his big heart…

PipsAndMoonlight · January 15, 2012, 7:17pm

Hi, has someone tried this system with the Chandelier Trailing Stops?
I heared that this is the best way to trail your stops.

Thanks

anddaley · January 20, 2012, 10:36pm

Hi another Newbie here. Its really encouraging to see all the support here on this forum… I am about to test out this system. However can someone please explain to me what this line means

RSI (10 - Apply to Median Price: HL/2) – One level at 50

More specifically I dont understand (10 - Apply to Median Price: HL/2) – One level at 50

Is that a parameter I am supposed to adjust the RSI settings to? And if so are they only found on MT4… I use the chart on FXStreet and I dont see those any parameters like that for the RSI. HELP!!!