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-   -   My Day Trading System (MDTS) in trend following (https://www.forexfactory.com/showthread.php?t=916878)

sriloba May 15, 2019 5:38pm | Post# 1

My Day Trading System (MDTS) in trend following
 
4 Attachment(s)
Hi, guys


Now, as promised, I share with you my day trading system.


Enjoy it !!

The MDTS improvement is located in Post#417,418,419,428




Sai Ram
MyDayTrading.rar
MDTS.docx
MDTS.tpl
Click to Enlarge

Name: MDTS.png
Size: 122 KB

NatashaM May 15, 2019 6:04pm | Post# 2

Thanks a lot, Sriloba for your sharing. I'll test the system! Thanks once again!

sriloba May 16, 2019 12:06am | Post# 3

1 Attachment(s)
Hi guys,

I have corrected the template (MDTS) in POST#1.

I forgot to change QQE on TF from 240 to 1440.




Sai Ram
MDTS.tpl

bloodpoodle May 16, 2019 12:38am | Post# 4

This is not a system... Its just a chart with indicators.
A system would
1. have a system to enter and exit and manage risk.
2. Some test results to show it actually works.

If you look at g/u monthly it dosn't seem to be trending much...
been at this level 8 of the past 10 months at this level.. almost like its sorta ranging...

sriloba May 16, 2019 12:54am | Post# 5

This is not a system... Its just a chart with indicators. A system would 1. have a system to enter and exit and manage risk. 2. Some test results to show it actually works. If you look at g/u monthly it dosn't seem to be trending much... been at this level 8 of the past 10 months at this level.. almost like its sorta ranging...
Hi,

Did you read the DOCX ?

I take a trend from H4 for day trading. Taking the trend from monthly is too long for day trading.

I have tested this system for a few months on M5. The results are pretty acceptable.

Now I'm testing entering trades on M15. Let's see ...


Sai Ram

T4Trade May 16, 2019 2:58am | Post# 6

very good explanation,i will try this method,thanks for sharing.

fortunately All these indicatos have got alerts,which one do you suggest to attach on 22 pairs and what time frame? Thanks,i will do test on demo and post.

sriloba May 16, 2019 3:21am | Post# 7

1 Attachment(s)
Hi,

I've just closed my trade GBPUSD for +20 pips


The 4 conditions for SELL are validated and price is trading below the 20 EMA (H1) at the time of entry.

- SL@20 pips from the entry
- TP@20 pips from the entry

RR: 1:1

I entered a short trade on M15

Have a nice day.
Bye

Sai Ram
Click to Enlarge

Name: MDTS_M15.png
Size: 114 KB

NatashaM May 16, 2019 5:55am | Post# 8

Hi, Sriloba! Would you confirm - what are the settings of QQE - 240 or 1440? The 1 day settings /1440/ is it so long? I've understood the settings are for 4H - that's mean 240? Is there any mistake?

sriloba May 16, 2019 7:05am | Post# 9

2 Attachment(s)
Hi, Sriloba! Would you confirm - what are the settings of QQE - 240 or 1440? The 1 day settings /1440/ is it so long? I've understood the settings are for 4H - that's mean 240? Is there any mistake?
Hi,

I use QQE (TF=1440) in H4 to determine trend. Because this parameter filter the noise of price action. So the trend lasts longer.


You can use QQE(TF=240) in H1 to determine trend. So you will see the trend lasts longer.

To enter a trade on M15 I use macd Osma

So I have updated the template.

Sai Ram
MACD_OsMA_4ColorH_2LVar_mtf nmc.ex4
MDTS.tpl

NatashaM May 16, 2019 7:15am | Post# 10

This system is using 2 graphics - 4H and 5 min and the correct settings - you have just written - are 1440 for QQE. But H1 we don't use in this system, isn't it? That' right?

NatashaM May 16, 2019 7:19am | Post# 11

I've entered in trade with the system today /H4and M5/ and I've earned 20 pips too on demo in the beginning of my test. I think there is a good perspective for the system - we'll see!

sriloba May 16, 2019 7:22am | Post# 12

This system is using 2 graphics - 4H and 5 min and the correct settings - you have just written - are 1440 for QQE. But H1 we don't use in this system, isn't it? That' right?
Hi,

Yes. We use QQE(TF=1440) in H4 to determine the current trend.




Sai Ram

sriloba May 16, 2019 7:26am | Post# 13

I've entered in trade with the system today /H4and M5/ and I've earned 20 pips too on demo in the beginning of my test. I think there is a good perspective for the system - we'll see!
Hi,


Do the Demo first until you have confidence in the system then you can start live in micro account to put yourself in the water.



Sai Ram

LabiFx May 16, 2019 8:24am | Post# 14

Hi, Sriloba! Do you use other pairs or just GBPUSD ?

sriloba May 16, 2019 10:22am | Post# 15

Hi, Sriloba! Do you use other pairs or just GBPUSD ?
Hi,


I trade GBPUSD 90% of the time then EURJPY, EURUSD, AUDUSD

My daily goal is 20 pips




Sai Ram

LabiFx May 16, 2019 10:55am | Post# 16

{quote} Hi, I trade GBPUSD 90% of the time then EURJPY, EURUSD, AUDUSD My daily goal is 20 pips Sai Ram
Thanks for the quick response.

T4Trade May 16, 2019 1:59pm | Post# 17

is there any mobile alert on any of these indicators? it would save our screen time.

sriloba May 16, 2019 2:05pm | Post# 18

is there any mobile alert on any of these indicators? it would save our screen time.
Hi,


There isn't any mobile alerts.

But someone can make ones.

I'm very sorry I don't have any knowledges in programming.



Sai Ram

paul72 May 18, 2019 2:30am | Post# 19

Hi sriloba have you tried this on the daily ???

cheers

sriloba May 18, 2019 8:27am | Post# 20

Hi sriloba have you tried this on the daily ??? cheers
Hi,


No. Now, I have a better solution to filter a signal when enter a trade on M5.

I will update the Docx later before the markets open.

Stay tune!




Sai Ram


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