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Attachments: Bollinger & MA
Exit Attachments

Bollinger & MA

Watch this situation. Trend is changing, but since the Bollinger Bands are still widening, then the colour is still green. This is a trap. Do not fall into it.
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Adding a new rule to the strategy.

The purpose of the strategy is toshow the bounces of the trendline EMA50. It is then fair to require that the EMA50 must be in the side of the bands where the BB cross is situated.

On the picture below I traded short an EMA Cross which was in the opposite band and it is clear that this is a bad startingpoint.
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Today was nice - as expected. My Prop account goes well. Some demo accounts I use for test has done well. I have the theory, that whenever you find a bounce from the trendline it is kind of a spark. The signal might go wrong over time, but in the beginning you can count on the signal. So risking 1% and take profit at 0.5% should be a success.

So today I took some trades whenever I was at the computer. Of cause on a demo account. I did not analyse anything and I traded all the signals I got from the BMA. No matter if they were with the trend, against the trend, in a range or just looking bad. Again only when I was present at the computer. So I made 9 trades. 8 of them was a succes. And I think this is a possible road. Take all the signals you can get and exit after TP = 0.5%. I am testing that theory for the time being.

The table below shows the day. The result is 3% profit of the starting balance.

And that was 9 trades not filteret or sortet at all. I think there will be in the area of 30 BMA signals today.
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Quoting RiskFighter
Today was nice - as expected. My Prop account goes well. Some demo accounts I use for test has done well. I have the theory, that whenever you find a bounce from the trendline it is kind of a spark. The signal might go wrong over time, but in the beginning you can count on the signal. So risking 1% and take profit at 0.5% should be a success. So today I took some trades whenever I was at the computer. Of cause on a demo account. I did not analyse anything and I traded all the signals I got from the BMA. No matter if they were with the trend, against...

Sorry if I missed it, what timeframe do you trade on for your prop firm account?

And amazing work! Thanks for sharing all of your thoughts and even more!
I may not write much in this Thread, but I am always looking forward to your messages.
Dont be upset with the result you didnt get from the work you didnt do
Quoting RiskFighter
Today was nice - as expected. My Prop account goes well. Some demo accounts I use for test has done well. I have the theory, that whenever you find a bounce from the trendline it is kind of a spark. The signal might go wrong over time, but in the beginning you can count on the signal. So risking 1% and take profit at 0.5% should be a success. So today I took some trades whenever I was at the computer. Of cause on a demo account. I did not analyse anything and I traded all the signals I got from the BMA. No matter if they were with the trend, against...

Hello Roskfighter, this is my first post here. Thank you for the great EA, it looks really professional.
I wanted to test it on a demo account but i am not getting any signals
I just get the charts, do you have any advice?
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Quoting RiskFighter
Today was nice - as expected. My Prop account goes well. Some demo accounts I use for test has done well. I have the theory, that whenever you find a bounce from the trendline it is kind of a spark. The signal might go wrong over time, but in the beginning you can count on the signal. So risking 1% and take profit at 0.5% should be a success. So today I took some trades whenever I was at the computer. Of cause on a demo account. I did not analyse anything and I traded all the signals I got from the BMA. No matter if they were with the trend, against...
Hi RiskFighter, what the timeframe you use?
Quoting TDT.Coffee
{quote} Sorry if I missed it, what timeframe do you trade on for your prop firm account? And amazing work! Thanks for sharing all of your thoughts and even more! I may not write much in this Thread, but I am always looking forward to your messages.
Hi TDT
At the Prop I use M30. The reason is, that I want minimum 1 very fine trade every day. That is not possible at higher TF. Taking 0.5% it will be 16 trades to get the 8% needed at the Prop account first evaluation phase. (Normally don´t trade on fridays though). Risk allways 1%. That way I will never hit the 5% DD which will blow my account. And the 12% overall DD is much unlikely. Yes a bad R:R, but it is very much likely that I get the .5% every day. And 0.5% will sum up in 10% a month. That is fine for now. But I could take up to 4 trades every day. Just remember that if the account is in 3% profit then the DD at 5% lies at only 2% under the starting balance. That is a trap. You can avoid it by setting the 1% risk as a trailing stop.

Daily is my favorit, but there are way to few trades. On daily I use the BollingerMomentum as exit indicator. This a a real money account, but with very few money on it.

Then I am running a demo account to test R:R = 1:1 om H1. Also 1 or a few trades everyday.

Finally I started yesterday a demo account where I blindly take all signals the BMA sends me and closing them on 0.5% profit on each trade. Of cause only when I am at my trading desk. As in post 183.
Read post #1 !! Then read it again 10 more times before you ask.
Quoting marwanm
{quote} Hello Roskfighter, this is my first post here. Thank you for the great EA, it looks really professional. I wanted to test it on a demo account but i am not getting any signals I just get the charts, do you have any advice? {image} {image}
First check that you put it in an Expert folder - NOT indicator folder.

Second this is MT4 NOT MT5.

Then it should work.
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Quoting kutato
{quote} Hi RiskFighter, what the timeframe you use?
See post 187.
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Quoting RiskFighter
I got my red diamond today. I am very honoured! Thank you.
How much does FF pay for members who have obtained RedDiamond

Because on many websites certain active members get rewards from the total views generated by members,

for example 0.001 USD per view

I'm just curious, does FF also respect RedDiamond members like that

Thank you.
Quoting RiskFighter
{quote} See post 187.
Thank you for the quick reply.
Iam using MT4 and installed the file in experts and enabled live trading, somehow the chart is not coloring
Quoting Darwati
{quote} How much does FF pay for members who have obtained RedDiamond Because on many websites certain active members get rewards from the total views generated by members, for example 0.001 USD per view I'm just curious, does FF also respect RedDiamond members like that Thank you.
Not at all. I have even not got any message. It just turned up. I think it is an automatic computer calculation.
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Was away this morning. But a nice trade belled my mobile exactly when I stepped into the house. Hopefully that is this days trade.

Edit: Exit. It took 27 minutes today. I really feel I am working hard. Doing this every day, I will gain 10% a month. When I get happy after doing this some time, I will increase the risk to 2%. Then I gain 20% a month.

OOoooops - here comes another fine trade. Oh well, then I take one more. AUDJPY.
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Quoting RiskFighter
{quote} First check that you put it in an Expert folder - NOT indicator folder. Second this is MT4 NOT MT5. Then it should work.
Thank you for the quick reply.
Iam using MT4 and installed the file in experts and enabled live trading, somehow the chart is not coloring
Quoting marwanm
{quote} Thank you for the quick reply. Iam using MT4 and installed the file in experts and enabled live trading, somehow the chart is not coloring
Did you mark "Allow Live Trading"?
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Quoting marwanm
{quote} Thank you for the quick reply. Iam using MT4 and installed the file in experts and enabled live trading, somehow the chart is not coloring
But does it give you signals?
These are my settings.
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Quoting RiskFighter
{quote} But does it give you signals? These are my settings. {image}
Thank you for sharing this great topic. I have a question, when we receive a signal from the EA, do we continue to wait for the entry point, or will we enter the order as soon as the EA says it. Because I don't understand Short Color and Long Color is that when entering the command, it will show the color, or if there is an order, it will notify me. sorry about my english
Quoting tienphuc2910
{quote} Thank you for sharing this great topic. I have a question, when we receive a signal from the EA, do we continue to wait for the entry point, or will we enter the order as soon as the EA says it. Because I don't understand Short Color and Long Color is that when entering the command, it will show the color, or if there is an order, it will notify me. sorry about my english
Thanks for the question which gives me the possibility to explain the colours. But first.

When you have a signal from the robot - THEN THE TRADE IS READY TO BE TAKEN. It is that easy. But then again, nothing is easy in trading. I mainly trade the 30 minute timeframe for now. Not because I like it, but because I can be sure of having a trade every day. I can be sure of getting minimum 25 signals at the M30 on a normal day. But signal on M30 a faithless. Some of them change direction right away and it is your job to find the very best signal or signals that day.

So getting the signal is not enough. You must also consider:

  1. Is the pair in a nice steep trend?
  2. Is the stochastic supporting the signal?
  3. How are the the upper timeframes doing?
  4. Is the signal bar nice and strong?

If the signalbar is not strong, then make a note at your paper and await next bar to see what happens. As the robot is identifying bouncing signals, it must be a strong reaction at some time. Otherwise it might be on its way to ranging.

When you get a signal and your analyzis tells you to take the trade, then the background colour will change. BUT - not right away. Only when the trading bar has closed and a new one has started.

There are these colours:

  1. A colour a signal is present.
  2. A colour for owning the pair Long.
  3. A colour for owning the pair Short.
  4. A colour for owning the pair in both directions (Hedging).
  5. A colour for no action at all.

Change the colours to your likings at the setting menu.

What are the colours for?? It is just to help you having the feeling with you portfolio. With the colouring you can IN JUST ONE GLANCE, see which pairs you own. It is then quickly to open charts for managing your trades.

If you don't want to use the background colouring, just switch it of by setting BGColours to "0".

I hope this clarifies. Otherwise ask again.

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What a lazy day!!! I guess it is because news are coming from US and Canada this afternoon.
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Quoting aranneera
{quote} That is symbol changer indicator. Works very smooth. {file}
Hi
I would like to make a change in the symbol changer, but I do not have the code. Do you remember where you got it?
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