Multi- MA System - GMMA

[greencat]

This system was invented by Daryl Guppy. I believe he has a web site if you are interested in this system. This system works if you play it correctly. It is also for the trader that has problems with drawing trendlines and other chart patterns. I srtongly recommend you try this system on a demo account. Once learned nice profit can be made. My stock market CD was modified from this system.
If you do decide to try it on a demo let us know how well it worked for you. Or how bad it turned out.

The chart shows this system is about penetrating or not penetrating. If the moving averages can turn over then there is a great chance the price is going to follow it in that direction.

If the moving averages can not completly penetrate it is more than likely it is going to bounce in that direction.

Keep it simpe. I have read a lot on this system and some people have more than likely made it to complex to trade. Good luck.

http://www.forexmt4.com/mt_yahoo/GMMA_Long_v1.mq4

http://www.forexmt4.com/mt_yahoo/GMMA_Short_v1.mq4




For a bigger chart - click this link

http://farm4.static.flickr.com/3289/...1782c6e8_b.jpg

[greencat]

Here is a chart of the USD/YEN. 1 Hour time frame taken today. Look for a move down on this set-up.

[greencat]

Here is the same Forex Chart of the USD/JPY a few days later.

[greencat]

Here are the diffent moving averages if you would like to try it on other charts such as the Stock market.

Short Term Group:
Blue 3, 5, 7, 10, 12 and 15 exponential moving averages

Long Term Group
Red 30, 35, 40, 45, 50 and 60 Period exponential moving averages

[rtace]

Coded into Think or Swim
I'll put the strategy code soon so entry's and exits will pop up on the chart

input length = 3;
input length1 = 5;
input length2 = 7;
input length3 = 10;
input length4 = 12;
input length5 = 15;

input ll1 = 30;
input ll2 = 35;
input ll3 = 40;
input ll4 = 45;
input ll5 = 50;
input ll6 = 60;

plot ema1 = ExpAverage(close, length);
ema1.SetDefaultColor(Getcolor(2));

plot ema2 = ExpAverage(close, length1);
ema2.SetDefaultColor(Getcolor(2));

plot ema3 = ExpAverage(close, length2);
ema3.SetDefaultColor(Getcolor(2));

plot ema4 = ExpAverage(close, length3);
ema4.SetDefaultColor(Getcolor(2));

plot ema5 = ExpAverage(close, length4);
ema5.SetDefaultColor(Getcolor(2));

plot ema6 = ExpAverage(close, length5);
ema6.SetDefaultColor(Getcolor(2));

plot lema1 = ExpAverage(close, ll1);
lema1.SetDefaultColor(Getcolor(6));

plot lema2 = ExpAverage(close, ll2);
lema2.SetDefaultColor(Getcolor(6));

plot lema3 = ExpAverage(close, ll3);
lema3.SetDefaultColor(Getcolor(6));

plot lema4 = ExpAverage(close, ll4);
lema4.SetDefaultColor(Getcolor(6));

plot lema5 = ExpAverage(close, ll5);
lema5.SetDefaultColor(Getcolor(6));

plot lema6 = ExpAverage(close, ll6);
lema6.SetDefaultColor(Getcolor(6));

[GoldenBear]

Originally Posted by greencat

This system was invented by Daryl Guppy. I believe he has a web site if you are interested in this system. This system works if you play it correctly. It is also for the trader that has problems with drawing trendlines and other chart patterns. I srtongly recommend you try this system on a demo account. Once learned nice profit can be made. My stock market CD was modified from this system.
If you do decide to try it on a demo let us know how well it worked for you. Or how bad it turned out.

The chart shows this system is about penetrating or not penetrating. If the moving averages can turn over then there is a great chance the price is going to follow it in that direction.

If the moving averages can not completly penetrate it is more than likely it is going to bounce in that direction.

Keep it simpe. I have read a lot on this system and some people have more than likely made it to complex to trade. Good luck.

http://www.forexmt4.com/mt_yahoo/GMMA_Long_v1.mq4

http://www.forexmt4.com/mt_yahoo/GMMA_Short_v1.mq4




For a bigger chart - click this link

http://farm4.static.flickr.com/3289/...1782c6e8_b.jpg

i would also like to trade with all this parameters. i think you need 3-4 years to understand all setups, to separate the right and false setups