it's your choice then
but the rules are not like this
tell us later what happens to you
You can also keep the SMA15, but when you see an setup on H4 approaching then you could switch to H1 for an early entry.
Offcourse.. its more riskier ;-)
mrdfx, beautiful system. "If" used correctly (with good money management), this can bring you MASSIVE pips. Thank you so much (again) for sharing this with us.
nice setups coming up
Let's do thissssss
I'm pretty busy today with other things so don't have much time for the charts. From what I saw earlier today there seems to be some nice set ups building.
I entered several setups, waiting for what is going to happen with them
First, is this proper entry? I entered EURUSD like this or the MBFX is going wrong way for the entry?
The rules, let me get if I got it right,
1) Upper arrow appears
2) Trendline is red aka going down
3) MBFX should be overbought? But I guess it is now basically oversold, maybe not the best entry?
4) Candle crosses the SMA
Then I entered USDJPY like this, but I entered one candle too soon again, but I guess, I got lucky, I mean the last candle is not over yet, but then again, I hope it works out.
EDIT: I also entered USDCHF and EURGBP. Seems like a solid setups. Lets see...
what trades are you on now ?
you should wait till the candle closes above or below sma, not just pass through as it might close below/above it
With respect, I empathize with hoping for a method, but picking tops and bottoms with a zig-zag? The other indicators won't help you in a trend going the wrong way. I confirmed from just eyeballing on a simulator, so just my opinion. I suggest a thorough back test.
we are killing the market
that's what i know right now
I'm in (trade small) as I'm still learning the system
I still use the condition of MRDFX but
I like to get in earlier if the trend is overextended. I move my stop until the SMA15 target is reached then I put my stop on break even point
and close part of my position.
For example, I get in USD/JPY but been stop at breakeven after taking a partial 20 pips TP.
Obviously the win/loss ratio will be lower than 80% but the avg loss should be smaller.
Anyhow, I visualy A/B test that with the original condition so I can figure what seems to be the best way.
Hmm, I think I have to adjust entering more, as two of my entries got SL.
USDJPY, I think I entered maybe a bit too early. Will need to revise my entries there now.
EURUSD, I think I entered on correct time, but then again, maybe it would be wiser to wait for the candle to close, unless it is obvious run for it...
So my net is atm -75pips for this system, so let me be clear, to enter while candle has crossed the SMA, it has to cross like really solidly or still wait for the closure?
I think I need to reconsider entrys.
Or maybe my SL's are too wide? What do you think, should I tighten it a bit or just look at the previous candle as sometimes maybe we should just check the daily trend? Seems like the EUR did a fake out on that. USDJPY is just ranging there, what is your opinion. Does it work on consolidating market or not?
USDJPY was never confirmed according to the rule of the master. I took it also but much earlier, TP 20 pips then move my SL to break even.
Personnally, I prefer entering early, earlier than the cross of the SMA,
Entering simply on the crossing that is, in my view, both too early and too late.
But it is not my system and I can say it is a good one, nothing work 100%.
I've got some lost AUDCAD. I'm over 120 pips on GPBCHF and catch many 20 pips this week so far as I like to close 1/3 of my position at 20 pips.
And, I entered another one, this time NZDUSD. My question is about the trendline, it should be according to your position direction, I mean, when I enter the long, it should be green and short then red, right? Also same for the MBFX? Just trying to figure out as some entries have been false atm I am doing it so easily and fast as I am trying to learn it more and experience it if it works or not in the long run. I always set my RR to 3R, so if I set 50pip SL, I hope to gain 150pip and so on. And thinking of setting the SL to trailing once I have gotten to a 2R point of my TP.
NZDUSD is so obvious and the candle has closed as well, so all should be alright. Lets observe.
Reading the rules again
thanks alhalwi im taking EU sell good to enter on pullback if it is a pullback
im still bit struggling with tp and stops, for example in gold i waited overnight it didn't went forward,
if it hit the hard stop it be very uncomfortable
so i took the +20 pips and it reverse hard almost to hard stop
i am new to this system too
but i loved it
so let's work together to make the best out of it
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