i need your uptodate rules, the new rules you were trying out...as different brokers show different divergence.
also, can you start posting some charts again.
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DislikedHi whatfx sorry for delay. my forward testing is going super fine uptil now. No rule changes just strict rules i explain on my first post. I am using AAAFX broker. Cheers. muhiuddinIgnored
Dislikedi still dont understand your rules. where the point you find problem in understdning. In Setup Rules ? Stoploss or Take profit so i will explain more.Ignored
DislikedMOMENTUM PRICE SYSTEM Hi I'm using the price momentum trading system since last six month and earning from it consistently. It is very easy system and one of the successful indicator which i am using. The only Momentum Indicator. I got this idea from somewhere then mold it from time to time by keep changing and testing. I am sharing my trading system as below. Chart:Candle Stick TimeFrame: 4HR - DAILY Momentum Indicator:28 Candle bars SHORT ENTRY: Prices are usually move in the direction of momentum but if momentum leads price and then begins to...Ignored
Dislikedhi whatfx I am successfully trading momentum strategy with no rule change. As I am doing job also and part time trading i have no time at moment to post trade setups on here. meanwhile you can find setups through my strict rules and money management. I cant show you the progress in my live account as i am using other strategies too so the performance cannot be judged. but planning to trade this strategy on separate account to show progress. Roughly i estimate that this return the ratio of 3.5-10 percents per month average with 32% draw down so far...Ignored
DislikedBUY EXAMPLE In the following chart we identified buy setup (divergence) and we buy 2 Lots @ 0.9718. On 0.9806 we exit on lot with profit of 88 pips and raise our stop loss to Break Even(0.9718). After TP2 hit, we raise stop loss to 50% on close of every candle above until we stopped out @ 0.9878 with on 7th December with 160 pips. Total we earned 248 pips on this trade. {image} muhiuddinIgnored
DislikedBabyDragonFX: When Price close above the 0.9806 we moved SL to 0.9718 (BE), When target reach 0.9896 we then trail SL to 50% of Profit. Hope you understand.Ignored
QuoteDislikedI believe in "Price Action Trading" system and I am using this method since last 4 years now. In this method my chart is very clean and free from many indicators. I only use EMA (21,8) and Bollinger Bands. These two indicators I use to get a clear idea about the overall trend, market behavior and for finding the points to enter a trade. However, price action means more than following this method. Here 10% is the skill and 90% is psychology. So, apart from going with the trend and using indicators, keeping the mind free from mental stress, a cool...
Disliked{quote} Market behave 90% on Psychology. Mathematical indicator cannot be applied on psychology that's why all indicators fails. In this "Trading Systems" most trading systems based on mathematics. Mostly fail to give satisfactory results on mathematical trading systems and the only edge they provide somehow on mathematical rules with strict money management, grid, martingale, averaging etc. If you observe most renowned successful trading Analyst / Hedge Fund Managers, their strategy based on Price Action. Elliott Wave, Dow Theory, Wycoff all are...Ignored
Disliked{quote} Market behave 90% on Psychology. Mathematical indicator cannot be applied on psychology that's why all indicators fails. In this "Trading Systems" most trading systems based on mathematics. Mostly fail to give satisfactory results on mathematical trading systems and the only edge they provide somehow on mathematical rules with strict money management, grid, martingale, averaging etc. If you observe most renowned successful trading Analyst / Hedge Fund Managers, their strategy based on Price Action. Elliott Wave, Dow Theory, Wycoff all are...Ignored
Disliked{quote} Market behave 90% on Psychology. Mathematical indicator cannot be applied on psychology that's why all indicators fails. In this "Trading Systems" most trading systems based on mathematics. Mostly fail to give satisfactory results on mathematical trading systems and the only edge they provide somehow on mathematical rules with strict money management, grid, martingale, averaging etc. If you observe most renowned successful trading Analyst / Hedge Fund Managers, their strategy based on Price Action. Elliott Wave, Dow Theory, Wycoff all are...Ignored