Do you close your trade same day or hold for few days (assuming it goes against)? Do you do 2 orders for each pair as Bk8 recommended?
Green pips to all!
Green pips to all!
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Disliked{quote} Hello Besides sma 5 I sometimes have a look at sma 3, and see if they cross on the candle. It was in the Bk8 strategy in the beginning, but the strategy was then changed to, that it is not needed, because they could see the moving of the prices without. But sometimes I just have a look. I am not sure, and please don't follow me, but I interpreted this crossing of lines as it was ok to trade because the trend would continue, even though it was so close to lower and upper bbs. Do you understand a word of what I am writing - --? -- or else...Ignored
but somehow,he just giving another setting for the MOVING AVERAGES SETTING as below:
"@Raj - @bcmaggs is right, I have only one SMA (Period - 5, Shift -3).
Normally I ignore small candle but if I do not find better opportunity then I take risk with small candle too.
To be honest with you, I am still learning..thats why I tried to experiment something unique during BREXIT and lost all previous profits but recovering very fast now..
I think there is no short cut formula for long term profits. So I decided to trade on D1 chart only and spend 10% max of account value."
For your information,the setting shift "0" and "3" will give a high impact on cross over candle to moving averages
I do make a study on this, if there is a setup,setting shift "0"-candle will cross over and setting with shift"3" will be not cross over.please see attachment
MY QUESTION IS
WHAT IS THE RIGHT SETTING FOR THIS SMA 5?THANK YOU
DislikedDo you close your trade same day or hold for few days (assuming it goes against)? Do you do 2 orders for each pair as Bk8 recommended? Green pips to all!Ignored
Disliked{quote} ok.thank your for your explaination. correct me if im wrong.from the beginning,the SMA setting that teach by Bk8 is SIMPLE MOVING AVERAGES PERIOD 5,SHIFT 0 I copy paste his comment as below: "I am sharing the simplest strategy for stress free day trading, I have ever seen anywhere else Indicators SMA 5,0 BB (Optional)" but somehow,he just giving another setting for the MOVING AVERAGES SETTING as below: "@Raj - @bcmaggs is right, I have only one SMA (Period - 5, Shift -3). Normally I ignore small candle but if I do not find better opportunity...Ignored
Disliked{quote} Hello, This looks nice, but I am now almost afraid to buy EUR, since it appears to be in a dowtrend. Also, the price action seems to be moving sideways. Todays setup seems very similar to the one 9 days ago.... It looks like the 1.067 is acting as a strong resistance. What do you think? (Please note that I am just thinking out loud, Im just a learner with little experience.... )Ignored