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Magic 5 - five pips only

  • #1,101
  • Dec 25, 2020 6:53am Dec 25, 2020 6:53am
MERRY CHRISTMAS to Everyone!!
Hope you have been productive, sitting at home and trading

---

btw, I have slashed individual Mentorship fees for next 3 months, those interested, email me. keta5550 @ gmail.com
always draw trendlines
  • #1,102
  • Jan 18, 2022 6:38am Jan 18, 2022 6:38am
hello guys

This thread is alive.

Let me know of your successes and questions
always draw trendlines
  • #1,103
  • Jan 19, 2022 9:45am Jan 19, 2022 9:45am
Quoting tk5
hello guys This thread is alive. Let me know of your successes and questions

can you please explain it again with proper images so we understand properly as not understanding rsi part
  • #1,104
  • Jan 22, 2022 7:24am Jan 22, 2022 7:24am
Let us know if you still provide some training / mentoring I would be interested
  • #1,105
  • Feb 1, 2022 9:50pm Feb 1, 2022 9:50pm
Dear TK5, just found your thread, very good.

I currently trade a 5 pip system too. I set buy/sell orders at support/resistant levels only at previous day high or lows. I usually trade EU or GU in the Asian session as the levels tend to hold because of the lower volume. I set a TP of 5 pips, but I have no SL. It works most of the time, but sometimes it doesn't and I have to use some pretty tricky hedging and doubling down to save the trade back to BE to save the account and trade another day!

Any advise/tips from one 5 pip trader to another? Thanks
Emotional Control. Process, not outcome.
  • #1,106
  • Jun 17, 2022 8:11am Jun 17, 2022 8:11am
Quoting whiteso
Let us know if you still provide some training / mentoring I would be interested
Hi mate,
I do in case of a solid interest, reach me on my email shown on first post.
always draw trendlines
  • #1,107
  • Jun 17, 2022 8:12am Jun 17, 2022 8:12am
Quoting Konichiwhaat
Dear TK5, just found your thread, very good. I currently trade a 5 pip system too. I set buy/sell orders at support/resistant levels only at previous day high or lows. I usually trade EU or GU in the Asian session as the levels tend to hold because of the lower volume. I set a TP of 5 pips, but I have no SL. It works most of the time, but sometimes it doesn't and I have to use some pretty tricky hedging and doubling down to save the trade back to BE to save the account and trade another day! Any advise/tips from one 5 pip trader to another? Thanks...
Hi mate. What exactly doesnt work? You can manage SL discretionally. Magic 5 likes manual touch after entry.
always draw trendlines
  • #1,108
  • Jun 17, 2022 8:27am Jun 17, 2022 8:27am
To whom it may interest!

I have decided to collaborate with a coder. If you are a cTrader coder I am interested in producing an indicator for Magic 5 with carefully worked out details curated by me. It will have some new features.
Please note this is not a paid work but collaboration. Contact me on email keta5550 @ gmail.com

In case if I make indicator working per my needs I will offer it to public for a reasonable fee. Well, good things require labor, so
always draw trendlines
  • #1,109
  • Jun 20, 2022 3:57am Jun 20, 2022 3:57am
Quoting tk5
To whom it may interest! I have decided to collaborate with a coder. If you are a cTrader coder I am interested in producing an indicator for Magic 5 with carefully worked out details curated by me. It will have some new features. Please note this is not a paid work but collaboration. Contact me on email keta5550 @ gmail.com In case if I make indicator working per my needs I will offer it to public for a reasonable fee. Well, good things require labor, so
Hey...who will accep challenge
always draw trendlines
  • #1,110
  • Jul 2, 2022 5:57am Jul 2, 2022 5:57am
What a pity your screenshots are no longer available TK5 ...
  • #1,111
  • Jul 2, 2022 4:13pm Jul 2, 2022 4:13pm
Quoting tk5
THIS THREAD IS NOT COMMERCIAL. Alright friends, I decided to move here. Ramped up rules and stuff. Original thread was here: http://www.forexfactory.com/showthread.php?t=510468 later it became a method deserving wider environment. SO.. Forex is about making five net pips in an hour... We have been abusing ourselves with reading, seeking and doing all that crap to make money from FX. We are all fools. Do you indeed need indicators, algos, malgos, zalgos I don't know codings modings to make 5 damn pips??? You need very basic forex skills...yes,...
Forex is as it is. The logic seem fair, but you need a proof of history trading to make the logic a reality. Do you have anything uploaded on myfxbook using the 5pip theory trading style?
"Success is not a fantasy, is a formula." - MTI Institute
  • #1,112
  • Aug 22, 2022 3:20pm Aug 22, 2022 3:20pm
Quoting Laurentziu2
{quote} Forex is as it is. The logic seem fair, but you need a proof of history trading to make the logic a reality. Do you have anything uploaded on myfxbook using the 5pip theory trading style?
If I need a proof, I make test myself, does it works for me, only this proof matters...
  • #1,113
  • Aug 27, 2022 3:54am Aug 27, 2022 3:54am
Quoting Laurentziu2
{quote} Forex is as it is. The logic seem fair, but you need a proof of history trading to make the logic a reality. Do you have anything uploaded on myfxbook using the 5pip theory trading style?
why dont you try it and test yourself...we dont sell systems here. This thread wasn't in Commercial forum in first place.
always draw trendlines
  • #1,114
  • Aug 27, 2022 4:56am Aug 27, 2022 4:56am
Quoting BlackNapkins
What a pity your screenshots are no longer available TK5 ...
here...especially for you: )

Sell points....EURUSD H1
as trend slows, starts consolidating (you can see visually by looking at directional change and candle sizes), stop entering.
Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_3630190_EURUSD_2022-08-27_13-51-36.png Size: 39 KB
always draw trendlines
  • #1,115
  • Last Post: Feb 12, 2024 3:16am Feb 12, 2024 3:16am
hello is this strategy still profitable?!
like on 1m and HA candles?
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