Bunny Cross :)
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Hello,
I coded the basics of the Bunny Cross strategies on Trade Station, just for fun ![]() Need some improvements because I've omitted some of the Bunny rules, but the strategy seems to performing well with the filter I used If someone like to test it and improve the code I'll be glad to share it. I love this girl :o Alex |
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Upssss sorry Gazuz! I though that all of you know BunnyCross BunnyCross is based on the WMAs(5,20) cross, was introduced by BunnyGirl from MoneyTech, now I read that she use the EMA but I developed using WMAs. I've inserted the trailing strategy now but some filters still missing. I'm insterting the inputs to optimize some parameters, but optimizing only the trailing (using TradeStation) I obtained really good results now! Iwas started with losses and now I'm with big profit on historic backtest from 1.1.2004 Fine ![]() |
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I started with crosses from moving average. I easily moved away from them because they kind of state the obvious. It's been a while since I haven't heard of anyone using them but a suggesting to do is actually use them as a "trade verifier". For example if you have an expert that seems to be opening positions at good times but isnt very bright at closing them, just put a fairly large WMA or EMA cross to close the position. It has worked for me in the past but that was for manual trading.
Another way to use EMA's or WMA's I think is just to use the trend. Instead of relying on one MA to check if its going up or down, just use two MA's to figure out the trend and if the trend goes down only open sell positions and vise versa. One last way I have found seems to be working pretty well but rarely trades. Using three moving averages. Use two of them as the "barriers" and one when it actually comes between them. That way you get the trend of 3 different settings agreeing with each other in one position. Now here is one of the reasons I don't like Moving Averages Crosses. I am a day trader, even though I have alot of patience, I preffer not going with the big guys and following big trends. In a way I feel like a lightweight wrestler, I use technique to move fast and grab as many pips as possible without dropping any. On the other hand if you think of a heavyweight wrestler he will sweep them, spill alot over and just take what he can. And alot slower. So my reasoning is that I like to make the money off of the bumps in the market, not the long term result. Oh and one more thing, day trading requires less money to make as much if not more than long term trading
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Steven |
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PROVEN FOREX TRADING SYSTEM
Simple System | Forex Links | What's New | Forex Broker WMA Cross By BunnyGirl Enter short eur/usd 20 pips below the level of wma5 & wma20 cross. Enter long eur/usd 24 pips (20 + spread) above the level of wma5 & wma20 cross. Entry for usd/chf & gbp/usd is 30 pips below the cross for short, 35 pips (30 + spread) above the cross for long. The waiting pips are a good filter for whipsaws. Initial stop loss is the level of the cross. I trail my stop loss at the end of every 30 mins, moving it to the extreme of the last 30 mins unless it was a longer than average bar, when I move stop loss to halfway up the bar. I also move down to 5 mins with same averages to help with better exit. My first target is 30 pips, then 50 pips, then 100 + pips I use a bid price chart. So when I am going short I only need to add the 20 or 30 pips filter depending on which pair I am trading. Going long at 20 or 30 pips would only be 16 or 25pips on the bid chart ..which is getting in too soon. You may be surprised to see how many times the entry price comes almost to the 20 or 30 on the bid and then turn, that is why it is such agood filter. I only use 30 minute candlestick chart for entry as the 5 minute chart can be very noisy. I look for the 5 minute chart closing above/below the wma20 for exit after a good run of 50 pips or more. I also use a number of other things to help with my exits/targets: Bollinger Bands (20, 2.0) bouncing off tops or bottoms Bouncing off wma100 When price has made a move of 100, 150 or 200 pips from the high/low of the day A word of caution if you intend to try this system - do make sure that the wmas have actually crossed. It is very easy to jump in just because the PRICE has crossed the wma20 by 20 or 30 pips. In a fast moving market the wmas may well be still a few pips apart and have not crossed. DO NOT ENTER. You will see that the price will return and range for a while until wma5 has crossed - then it is safe to enter. Another word of caution - you will see by looking back at the charts some very big moves around the cross area. It looks great on a 30 minute chart but these can be very volatile (but great fun if you're looking for 50 pips in about 30 minutes ) The entries are 100% mechanical and as the wma20 moves very slowly there is plenty of time to prepare for whichever way the market moves. One of the best times to look for the cross is around Europe open, especially if Asia has been flat and the market is ranging. The wmas may cross several times during a ranging market, but more often than not the filter will keep you out of trouble. Exits are my downfall. I have tried numerous staking plans. The best that I have found is as you say to trade multiple lots and take profits at various levels. By doing this I find that once I have taken the first lot of profits I can sit back to relax and enjoy the free ride. I never let the remaining lots turn into a loss. I watch to see the wma cross in realtime. If this happens in the early part of the 30 minute bar then I will enter without waiting for close of bar as by the end of that 30 mins I should be in profit with a chance of getting out with at least breakeven should it reverse. I never enter a trade in the last 5 minutes of a 30 minute bar as if a reversal follows in the next bar it leaves me straight away with waiting to see if stop will be hit. If entry level is hit in the last 5 minutes I prefer to wait for next 30 minute bar and either enter on breakout of that bar or if price does retrace when the original entry level is hit for second time. My initial stop is the level of the cross, so if I enter 20 pips away then 20 pips it is, If I enter 40 pips away then 40 pips it is. The longer you dither the larger the stop. (but never jump the gun & enter early - the farmer gets his rabbit pie every time ). In slower markets I use a 5 minute chart and a close above wma20 to help with exit. If this happens I wait to see if the next 5 minutes crosses back or breaks out A higher high or lower low here and I exit immediately. A bounce off wma20 on 5 minutes usually means new low/high or at least second chance to exit at best price reached. Lock in 20 pips when 30 pips profit, lock in 30 pips when between 30 - 50 pips is reached, lock in 50 pips when 60 pips is reached, & finally aim for the 100 pips. Anything above this I count as a bonus. This week alone I have made over 400 pips calling entries and exits in real time. It could have been more, but my exits are not good as I have mentioned before. These pips are straight trades and do not include any additions to already open trades. That's for 3 days trading. Required Indicators : WMA (Weighted Moving Average) 5 , WMA 20 and WMA 100 Bollinger Band (20 , 2)
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Hi
It seems bunny cross was not a profitable strategy
Profitable Forex Systems
Automatically trade proven forex trading systems. Real trading records available!
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