I always try to exit on the 4 hour middle tma line
- Joined Mar 2010 | Status: Member | 5,914 Posts
Forex can only be understood backwards, but it must be traded forwards.
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DislikedHi all,
finally after a month of absence I am back . Amazing how the thread has grown over just a month ^^
currently I am struggling with registration and certification issues regarding a micro account at IBFX Australia...
in the meantime I am testing on a demo account and it works quite well.
My biggest problem is the exit. Does anyone have a strategy for taking profit ?
regards FreeIgnored
Dislikednanningbob: is it possible to have "Alert on TMA bands price penetrated" UP od DOWN when it actually happened?
explanation:
this alert is triggered on new candle. analyzing data from this Trading System it is a very good position to place an order indicating trend is changing
thxIgnored
DislikedI am in San Francisco eating clam chowder in a sourdough bread bowl,... After working 2 fulltime jobs for 4 months I am enjoying doing absolutely nothing.Ignored
DislikedI ran these tests mostly to check out the difference in take profit strategies.
In cases where price pierced the 8 and came back in one bar, I made a decision about whether to enter the trade at the close of the bar, instead of assuming that I could get into the trade at the intra-bar cross.
Ignored
DislikedI did modify this system a little to make it even more profitable with extremely high win/loss ratio.Ignored
DislikedI have tried all kinds of trading systems found on the internet but nothing has come close to this one in terms of profitability and win/loss ratio.
However, I did modify this system a little to make it even more profitable with extremely high win/loss ratio.
* all the losses happened during ranging market with sloppy tp/sl.
I'm gonna open a live account next week with very risky money management and see where my account goes. (20% risk/trade)
wish me luck!Ignored
DislikedWill you say what you did to modify it? I have gotten extremely excited at changes I made which seemed to work great until I applied them to realtime trading. Would like to know what you have done.Ignored
DislikedFirst of all, yes Sid, I am a newbie and still in the process of learning the art of technical analysis...Ignored
Disliked... gurus say, follow the trend but they dont define what it is and your running around on lower time frames and getting clobbered... if they work then you can go to any type of trading style, from scalping to long term and have a reasonable chance at success...Ignored