CRUDE OIL TRADER MACBOS system

O

oilfxpro

Hi Folks

This is my own oil trading system.This system is a free system from OILFXPRO.

MACBOS = Moving average cross break out system

profitable 8/30 wma cross on oil


Stop loss 50 cents stop & reverse if stop hit

30 m charts

Rule entry when 8wma crosses 30 wma + breakout of 50 pips
Example .Moving average 8 crosses moving average30 at $90.00 ,enter at +50 for longs = $90.50 and $89.50 for shorts

close on cross and change in colour of wma's

After close of previous position +50 cents /-50 cents …reverse the position

WMA's must both be positive for longs and negative for shorts

close when they cross and both turn positive or negative

This system is profitable . Backtests and images are posted on the net.When I find the backtests I will post them

oilfxpro
 
Quote from insaneinvestor:

Forgive me, but what is the "W" stand for in wma?

Why do you use 8 and 30?
More...

Hi

W = weighted (lwma linear weighted movng average)

8 and 30 on 30 min charts are good for eliminating noise .

8= 4 hour strenghth and 30 = 15 hour market

I am just used to them

Some people use 5 and 20 crosses + breakout filter of 50

OILFXPRO
 
Quote from oilfxpro:

Hi

Here is a simple image on MACBOS currencies using 5/20 wma + indicator

OILFXPRO
More...

That is hard to read is you ask me. The lines are all the same color, not labeled and you cannot see any "cross overs" until it is way too late.

Thanks for the answer though... here goes another silly question:

Are all MA's weighted? I use OX and I can put in MA or EMA. What is the difference between an MA or a WMA? (I know exponential is a faster moving line)
 
Quote from insaneinvestor:

That is hard to read is you ask me. The lines are all the same color, not labeled and you cannot see any "cross overs" until it is way too late.

Thanks for the answer though... here goes another silly question:

Are all MA's weighted? I use OX and I can put in MA or EMA. What is the difference between an MA or a WMA? (I know exponential is a faster moving line)
More...

In the top box you see a breakout .The highest/fastest moving average is 5 , the middle is 20 and the slowest/lowest is 100

http://en.wikipedia.org/wiki/Moving_average

OILFXPRO
 
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