I have been talking to someone that claims they use MA crosses to trade and thats it. No additional indicators at all. Just wondering if others are using MA crosses and if so what has been your success?
Is anyone successfully using MA crosses to trade?
- Thread starter new2trading
- Start date
yes, i use price crossing over an upward sloping 20 period MA as a buy signal with success.
best,
surf
best,
surf
Quote from wally_:
Do you ever exit your positions?
LOLOL
the exits are discretionary based losely on an ATR formula described by dr. van tharp and good old intuition.
best,
surf
best,
surf
skeptic123
Guest
Quote from marketsurfer:
yes, i use price crossing over an upward sloping 20 period MA as a buy signal with success.
....
the exits are discretionary based losely on an ATR formula described by dr. van tharp and good old intuition
surf
What makes you think it is the MA based entries which make your trades successful , as opposed to ATR and intuition based exits?
I mean, do you have any reason to believe that if you entered randomly, or say based on the direction of the previous bar or any other criteria and then applied your exit rules, the results would be worse?
a good entry is the key, regardless of what the gurus say. exits are important, but without good entries you WILL slowly bleed (money) to death.
best,
surf
best,
surf
furthermore, skeptic, just look at any intraday chart of a heavily traded stock--when the sloping 20 period sma is violated by price --the move tends to continue. yes, i have extensively tested multitudes of methods and have found that simple is best.
surf