Forex Factory - Consecutive Candles Williams %R and Volume with 55EMA Baseline

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Forex Factory (https://www.forexfactory.com/)

- Trading Systems (https://www.forexfactory.com/forum/71-trading-systems)

- - 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

Quoting salimc

Disliked

{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.

Ignored

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

Click to Enlarge

Name: copper.jpg
Size: 149 KB

cfudge

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

1 Attachment(s)

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

Chris

Click to Enlarge

Name: 5mintrades.jpg
Size: 124 KB

salimc

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

Quoting aaven

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

Ignored

Welcome

Chosen3000

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

Quoting cfudge

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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}

Ignored

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

Quoting cfudge

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Anybody get into these nice 5 min trades today? 4hrs...48 pips Chris {image}

Ignored

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

Quoting Go5

Disliked

{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?

Ignored

Better you upload your chart with entry and exit. Thanks.

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

1 Attachment(s)

Quoting salimc

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{quote} Better you upload your chart with entry and exit. Thanks.

Ignored

Two loosers and a trailed winner

Click to Enlarge

Name: XAUUSD-M5.png
Size: 54 KB

salimc

May 11, 2019 1:30pm | Post# 69

Quoting Go5

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{quote} Two loosers and a trailed winner {image}

Ignored

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

Quoting cfudge

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Anybody get into these nice 5 min trades today? 4hrs...48 pips Chris {image}

Ignored

I didn't. Thanks

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

Quoting salimc

Disliked

{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.

Ignored

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

Quoting Go5

Disliked

{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?

Ignored

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

1 Attachment(s)

Quoting cfudge

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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

Ignored

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:

Click to Enlarge

Name: xu-5m-gains.png
Size: 57 KB

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

salimc

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

Quoting cfudge

Disliked

{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

Ignored

He is not as trained as you, Chris.

salimc

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

Quoting Go5

Disliked

{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...

Ignored

Try it, you will be able to make it 80%

salimc

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

Quoting Go5

Disliked

{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?

Ignored

binnie

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

1 Attachment(s)

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 )