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-   -   Consecutive Candles Williams %R and Volume with 55EMA Baseline (https://www.forexfactory.com/thread/914079-consecutive-candles-williams-r-and-volume-with-55ema)

aaven May 9, 2019 3:27pm | Post# 61

{quote} I blew many accounts for not using SL. At this phase, I am checking any system with SL. Because a system is successful only when it is with SL or that is not a system but gambling. Because young people who will be following me the next day will also not use any SL, the 3rd he will trade it in a live account and lose their money (as they have less patience at this stage, Once I was also like them). So whatever we do should be in a professional manner.
Salim,

Yes. I agree with everything you say. My intention of my post was something else.

Thanks

cfudge May 9, 2019 7:25pm | Post# 62

1 Attachment(s)
Just a quick update, I have taken on copper 15min chart.

Here are 3 trades that closed today from past few days, if I had used SLs I would have same amount of pips banked.

Chris

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cfudge May 10, 2019 7:09pm | Post# 63

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Anybody get into these nice 5 min trades today?
4hrs...48 pips

Chris

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salimc May 11, 2019 5:48am | Post# 64

{quote} Salim, Yes. I agree with everything you say. My intention of my post was something else. Thanks
Welcome

Chosen3000 May 11, 2019 6:15am | Post# 65

Just a quick update, I have taken on copper 15min chart. Here are 3 trades that closed today from past few days, if I had used SLs I would have same amount of pips banked. Chris {image}
Hello, is it possible to implement the volume indicator in your template, if you haven't already. It doesn't show up in my MT4. Thanks.

Go5 May 11, 2019 7:41am | Post# 66

Anybody get into these nice 5 min trades today? 4hrs...48 pips Chris {image}
I am testing M5 (gold) and it goes in profit but with a rather poor R/R of only 1.2 (since jan 15) - SL above arrow (I like to define my risk), exit trailing after 20/80 cross. Winners : 55%.
Did you work out any stats for your type of exit?

salimc May 11, 2019 10:27am | Post# 67

{quote} I am testing M5 (gold) and it goes in profit but with a rather poor R/R of only 1.2 (since jan 15) - SL above arrow (I like to define my risk), exit trailing after 20/80 cross. Winners : 55%. Did you work out any stats for your type of exit?
Better you upload your chart with entry and exit. Thanks.

Go5 May 11, 2019 1:16pm | Post# 68

1 Attachment(s)
{quote} Better you upload your chart with entry and exit. Thanks.
Two loosers and a trailed winner

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Name: XAUUSD-M5.png
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salimc May 11, 2019 1:30pm | Post# 69

{quote} Two loosers and a trailed winner {image}
for a better result, you should trade with the 15M chart. When you will get 80% win, then try at 5 min. With 5 min candle, the momentum is too short and even signal can go to the other way. A few days back I have uploaded a 5 min chart. In which it can be clearly seen that in spite of a valid setup the trade moved to the other way.
take care.

salimc May 11, 2019 1:31pm | Post# 70

Anybody get into these nice 5 min trades today? 4hrs...48 pips Chris {image}
I didn't. Thanks

Go5 May 11, 2019 1:52pm | Post# 71

{quote} for a better result, you should trade with the 15M chart. When you will get 80% win, then try at 5 min. With 5 min candle, the momentum is too short and even signal can go to the other way. A few days back I have uploaded a 5 min chart. In which it can be clearly seen that in spite of a valid setup the trade moved to the other way. take care.
I already tested the M15, hovers around 70% but with an average R/R of 1.0 - so the profit curve is certainly smoother.
The next thing to find out, is if actions like moving the SL on a counter - arrow make sense...

cfudge May 11, 2019 3:00pm | Post# 72

{quote} I am testing M5 (gold) and it goes in profit but with a rather poor R/R of only 1.2 (since jan 15) - SL above arrow (I like to define my risk), exit trailing after 20/80 cross. Winners : 55%. Did you work out any stats for your type of exit?
Hey Go5

Thanks for the test...I looked back over my 5min chart, it shows 51 trades where 38 were winners...or 74% and a total profit of 486 pips. This is since April 22nd 2019

Chris

Go5 May 11, 2019 3:31pm | Post# 73

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{quote} Hey Go5 Thanks for the test...I looked back over my 5min chart, it shows 51 trades where 38 were winners...or 74% and a total profit of 486 pips. This is since April 22nd 2019 Chris
Nice result, april was good! With my SL method I get 63% wins for 570 pips (46 trades). Other months however were not so smooth:

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Can you say anything about your average/ max. drawdown?

salimc May 11, 2019 3:31pm | Post# 74

{quote} Hey Go5 Thanks for the test...I looked back over my 5min chart, it shows 51 trades where 38 were winners...or 74% and a total profit of 486 pips. This is since April 22nd 2019 Chris
He is not as trained as you, Chris.

salimc May 11, 2019 3:32pm | Post# 75

{quote} I already tested the M15, hovers around 70% but with an average R/R of 1.0 - so the profit curve is certainly smoother. The next thing to find out, is if actions like moving the SL on a counter - arrow make sense...
Try it, you will be able to make it 80%

salimc May 12, 2019 4:38pm | Post# 76

{quote} Nice result, april was good! With my SL method I get 63% wins for 570 pips (46 trades). Other months however were not so smooth: {image} Can you say anything about your average/ max. drawdown?

binnie May 12, 2019 10:48pm | Post# 77

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Hi guys,
sitting watching this for couple of hours and actually missed the cross of MA. Not sure if I woulda pulled trigger on it anyway - %R did NOT venture beyond the -20 level. Not by much but enough to be outside the rules. What would you have done Chris ? ( & others of course LOL )

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cfudge May 12, 2019 11:34pm | Post# 78

You are correct binnie, would have been a nice trade though


Chris

cfudge May 13, 2019 10:09am | Post# 79

1 Attachment(s)
Anyone catch this...I was asleep.

Chris

XAUUSD 15 min.

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Name: gold 15 min.jpg
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salimc May 13, 2019 3:01pm | Post# 80

Anyone catch this...I was asleep. Chris XAUUSD 15 min. {image}
It was during NY session and I didn't take risk, only got my 20 pips with which I am happy:


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