Forex Factory (https://www.forexfactory.com/forum.php)
-   Trading Systems (https://www.forexfactory.com/forumdisplay.php?f=71)
-   -   Monthly Profit - Daily Trading using SMA (https://www.forexfactory.com/showthread.php?t=600112)

Bk8 Jul 26, 2016 12:40am | Post# 1

1 Attachment(s)
I am sharing the simplest strategy for stress free day trading, I have ever seen anywhere else

Indicators

  1. SMA 5,0
  2. BB (Optional)

Time Required - Just 15 minutes daily after D1 close when new candle starts.

Avoid

  1. Lower timeframe charts, even H4 is not reliable.
  2. Risk - Do not take positions more than 5% of account value and do not take multiple positions of same currency (Max 2), even setup is 100% correct
  3. Sideways pattern, see below

(Updated on 17-Dec-2016)

  1. Long - SMA line in upward direction
  2. Short - SMA line in downward direction
  3. Ignore - Flat SMA line


Entry

  1. Long - When previous D1 bull candle's body has clearly crossed SMA and did not touch BB upper band.
  2. Short - When previous D1 bear candle's body has clearly crossed SMA and did not touch BB lower band.

Please refer #4572 for some examples http://www.forexfactory.com/showthre...17#post9162217

Stop Loss

  1. high(+15 Pips)/low(-15 Pips) of previous candle, if candle is too short then you may move to T-2 candle.

Take Profit/Exit

 

  1. Take 2 positions of same setup, and close the first setup after taking profit on same day and leave the another setup to run forever
  2. Keep moving SL for second setup as per S&R
  3. You may exit when candle touches/cross BB top/bottom line.
  4. You may exit from second position if you have minimum 3 candles profit as part of 1:3 strategy.
  5. Must Exit on breakeven if setup goes in opposite direction.


I request all of you to try and share your results regardless positive or negative, here is why

  1. Traders will be motivated when they see your positive results
  2. Traders will stay away if they see your negative results
  3. Suppose all traders try this strategy, it will force setup to follow the direction we want
  4. we will be helping traders who were never profitable
  5. we will be helping retired/jobless person to make money
  6. we will be helping new traders to survive in the market and list goes on...

You may try this strategy on old charts, Good luck!


Disclaimer : USE OF THIS THREAD/SUGGESTIONS AT YOUR OWN DISCRETION AND RISK AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY LOSS!
Click to Enlarge

Name: image.png
Size: 103 KB


Bk8 Jul 26, 2016 12:47am | Post# 2

1 Attachment(s)
Click to Enlarge

Name: image.png
Size: 101 KB

Bk8 Jul 26, 2016 12:47am | Post# 3

1 Attachment(s)
Click to Enlarge

Name: image.png
Size: 99 KB

Bk8 Jul 26, 2016 12:49am | Post# 4

1 Attachment(s)
Click to Enlarge

Name: image.png
Size: 100 KB

Bk8 Jul 26, 2016 12:50am | Post# 5

1 Attachment(s)
Click to Enlarge

Name: image.png
Size: 91 KB

Bk8 Jul 26, 2016 12:53am | Post# 6

1 Attachment(s)
Click to Enlarge

Name: image.png
Size: 85 KB

SkipperC Jul 26, 2016 4:32am | Post# 7

Few questions
1. What purpose is the bol bands used for
2. Are you also using parabolic sar
3. Is your stop loss the high/low of the previous days candle
Thanks

s1mm014 Jul 26, 2016 7:30am | Post# 8

Is it me or are your stop losses a long way from your entry?

Bk8 Jul 26, 2016 7:44am | Post# 9

@Skipper - Please see below
1. I use Bollinger Bands to determine whether I should take profit or stay
2. No, SAR is just for trend but I do not use it.
3. Thats correct

Bk8 Jul 26, 2016 7:48am | Post# 10

@s1mm014 - Normally I add 10-15 pips to high/low of previous candle or pick other candle if previous candle is too small.

s1mm014 Jul 26, 2016 7:55am | Post# 11

Yeah so on that GBPUSD trade you went short at under 1.31505 and the stop loss was up at 1.33645 ish? If you were to increase your position size would you not need a pretty hefty account to cope with that sort of potential drawdown?

laikos Jul 26, 2016 8:07am | Post# 12

Guys, I have been trading for last 2 years, used almost all known strategies but lost 90% of my all accounts Finally, I am profitable for last 6 months. Here is my very simple strategy Daily trading only... even 4H is not reliable Indicators - SMA (5,3) and Bollinger Bands Buy/Sell - When previous candle bar has clearly crossed SMA line Stoploss - Previous candle bar Profit - Min 3 Candles Chances - 80% {image}
Hi BK8,
I really like D1 trade, because it is low touch,however I have questions:
1. Will you please mark using vertical line where you enter the trade?
2. Previous Candle does it includes the wick or just the body?

Thanks & Regards

anonymousey Jul 26, 2016 8:19am | Post# 13

1 Attachment(s)
Nice to see some-one else trading this system. I only use the halftrend indicator & CCI candles, with SL 2 daily candles back. Otherwise pretty much the same.
Click to Enlarge

Name: USOUSDDaily.png
Size: 39 KB

Hoffi4201 Jul 26, 2016 8:29am | Post# 14

Nice to see some-one else trading this system. I only use the halftrend indicator & CCI candles, with SL 2 daily candles back. Otherwise pretty much the same. {image}
Whats your Moving Average setting ?

edit: ok, sry didn't read, Half trend indicator

anonymousey Jul 26, 2016 8:32am | Post# 15

{quote} Whats your Moving Average setting ?
halftrend indi' set on 3.

anonymousey Jul 26, 2016 8:39am | Post# 16

@s1mm014 - Normally I add 10-15 pips to high/low of previous candle or pick other candle if previous candle is too small.

Hoffi4201 Jul 26, 2016 9:59am | Post# 17

{quote} halftrend indi' set on 3.
What is the setting for CCI candles ?

Bk8 Jul 26, 2016 10:38am | Post# 18

1 Attachment(s)
Profit so far 125 pips
Click to Enlarge

Name: image.png
Size: 109 KB

Bk8 Jul 26, 2016 10:43am | Post# 19

1 Attachment(s)
Profit so far - 180 pips
Click to Enlarge

Name: image.png
Size: 98 KB

Bk8 Jul 26, 2016 10:46am | Post# 20

1 Attachment(s)
Profit so far - 140 pips
Click to Enlarge

Name: image.png
Size: 94 KB


© Forex Factory