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Monthly Profit - Daily Trading using SMA

  • #9,041
  • Sep 5, 2017 9:11pm Sep 5, 2017 9:11pm
NZDUSD sent a signal
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I used to be indecisive but now I'm not so sure...
  • #9,042
  • Sep 6, 2017 2:35pm Sep 6, 2017 2:35pm
Gbp/jpy buy
gbp/cad sell
  • #9,043
  • Edited 2:59pm Sep 6, 2017 2:42pm | Edited 2:59pm
Quoting P.Olsen
Gbp/jpy buy gbp/cad sell
Hello
GJ
Forexcom and Oanda -
Does your chart look like mine?
GC
Short - 60 % because of the lower bb

All the best.
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All the best to all of you. But don't follow me. I am a learner.
  • #9,044
  • Sep 6, 2017 3:08pm Sep 6, 2017 3:08pm
Quoting Oddbjorg
{quote} Hello GJ Forexcom and Oanda - Does your chart look like mine? GC Short - 60 % because of the lower bb All the best. {image} {image}
yES
Attached Image
  • #9,045
  • Sep 6, 2017 11:26pm Sep 6, 2017 11:26pm
Quoting Filipo1
NZDUSD sent a signal {image} {image}
The pair was rejected from BB middle band is now below 50% retracement of the last uptrend.
Apart from this strategy ichimoku is also getting clearly bearish.
I used to be indecisive but now I'm not so sure...
  • #9,046
  • Edited 11:21pm Sep 7, 2017 9:58pm | Edited 11:21pm
Quoting Filipo1
{quote} The pair was rejected from BB middle band is now below 50% retracement of the last uptrend. Apart from this strategy ichimoku is also getting clearly bearish.
NZDUSD finally proves this strategy is the best
Attached Image (click to enlarge)
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I used to be indecisive but now I'm not so sure...
  • #9,047
  • Sep 8, 2017 3:54am Sep 8, 2017 3:54am
Quoting Filipo1
{quote} NZDUSD finally proves this strategy is the best {image}
Hello Filipo
I took this trade - and it is flying - and yes, it proves this system.
Thank you so much for your help.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #9,048
  • Sep 8, 2017 5:05am Sep 8, 2017 5:05am
Quoting Oddbjorg
{quote} Hello Filipo I took this trade - and it is flying - and yes, it proves this system. Thank you so much for your help. Oddbj.
Well done Oddbjorg, I am glad for you.
I used to be indecisive but now I'm not so sure...
  • #9,049
  • Sep 8, 2017 8:14am Sep 8, 2017 8:14am
Have a nice weekend - see you monday evening
All the best to all of you. But don't follow me. I am a learner.
  • #9,050
  • Edited 1:47pm Sep 8, 2017 9:10am | Edited 1:47pm
Quoting Filipo1
{quote} NZDUSD finally proves this strategy is the best {image}

Really? I'd like to know exactly why!

GJ went down, GC is going up and NU is going down.

Not trying to be difficult but one needs a very big SL if one is trading the daily chart especially if one enters late. Still NZDUSD could turn around next week once the bearish lower time frame trend is over
  • #9,051
  • Sep 9, 2017 4:53am Sep 9, 2017 4:53am
Hello ....
Is there any update on this strategy , or still as explained in page.1 ?
  • #9,052
  • Sep 10, 2017 12:37am Sep 10, 2017 12:37am
Quoting Waddah
Hello .... Is there any update on this strategy , or still as explained in page.1 ?
Hello Waddah, yes strategy remains the same as in post nr. 1 .
I used to be indecisive but now I'm not so sure...
  • #9,053
  • Edited 12:54am Sep 10, 2017 12:41am | Edited 12:54am
A few signals to consider:
EURGBP is a nice continuation signal after price action was rejected from below the middle band. EURJPY is a bit less strong due to long wick below the middle band. So is also CADCHF as the candlestick barely crossed the SMA5 but the reversal is well positioned after upper Bollinger band breakout and I would prefer MACD crossover to confirm the setup. GBPCAD is on watch for confirmation as SMA5 is flat.
By the way does anyone knows how to adjust the presentation of the pictures?
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I used to be indecisive but now I'm not so sure...
  • #9,054
  • Sep 10, 2017 2:01am Sep 10, 2017 2:01am
I Make back test for this strategy , it was very good , But there is some cases need to be filtered , like the Previous day Of :
EURJPY Closed above SMA5 buy the price went down strongly and hit SL , the same case for EURGBP ....
So haw you filter these candles ? (like crossing of SMA5 to the middle BB line .......................)


I make Dashboard for SMA5 crossing , to check 28 pairs in one look , it is attached , (it is expert not indicator) , any suggestions to improve it or to add
more fields are welcome ...
Attached Image (click to enlarge)
Click to Enlarge Name: SMA5.png Size: 44 KB
Attached File(s)
File Type: ex4 SMA5.ex4   17 KB | 383 downloads
  • #9,055
  • Edited 5:08am Sep 10, 2017 3:30am | Edited 5:08am
Quoting Waddah
I Make back test for this strategy , it was very good , But there is some cases need to be filtered , like the Previous day Of : EURJPY Closed above SMA5 buy the price went down strongly and hit SL , the same case for EURGBP .... So haw you filter these candles ? (like crossing of SMA5 to the middle BB line .......................) I make Dashboard for SMA5 crossing , to check 28 pairs in one look , it is attached , (it is expert not indicator) , any suggestions to improve it or to add more fields are welcome ... {file} {image}

This is just my personal view but surely it's better to wait for a retest of support/resistance before you enter a trade using this strategy. Taking EURJPY as an example, you would have been safe entering a trade on 16th August (sell) and 29th (buy) when price retested central BB line (20 sma) - see chart:

If this scenario or set up does not occur then you simply ignore trading the pair until it does. Never force a trade I think is golden rule in any strategy
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  • #9,056
  • Sep 10, 2017 3:52am Sep 10, 2017 3:52am
Quoting jmtini
{quote} This is just my personal view but surely it's better to wait for a retest of support/resistance before you enter a trade using this strategy. Taking EURJPY as an example, you would have been safe entering a trade on 16th August (sell) and 29th (buy) when price retested central BB line (20 sma) - see chart: If this scenario or set up does not occur then you simply ignore trading the pair until it does. Never force a trade I think is golden rule in any strategy {image}

thanks for reply ....

but at 15th August - the first candle which crossed the SMA5 and close above it , do you enter (buy) trade ?
  • #9,057
  • Edited 5:49am Sep 10, 2017 5:13am | Edited 5:49am
Quoting Waddah
{quote} thanks for reply .... but at 15th August - the first candle which crossed the SMA5 and close above it , do you enter (buy) trade ?
Sorry I'm talking about a retest of the middle BB line. I've changed the posted chart (above) to show middle BB line (yellow line). This only occurred on 16th August. In any case I would always go down to the 1 hour chart to check if the trend is up or down on the hourly chart. You can see from the hourly chart that the trend changed on this day.

This is just the way I would trade this system - others might see it differently but you said you were looking for a filter.....
  • #9,058
  • Sep 10, 2017 8:16am Sep 10, 2017 8:16am
Thoughts?
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  • #9,059
  • Sep 10, 2017 8:17am Sep 10, 2017 8:17am
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  • #9,060
  • Sep 10, 2017 6:13pm Sep 10, 2017 6:13pm
Quoting Waddah
I Make back test for this strategy , it was very good , But there is some cases need to be filtered , like the Previous day Of : EURJPY Closed above SMA5 buy the price went down strongly and hit SL , the same case for EURGBP .... So haw you filter these candles ? (like crossing of SMA5 to the middle BB line .......................) I make Dashboard for SMA5 crossing , to check 28 pairs in one look , it is attached , (it is expert not indicator) , any suggestions to improve it or to add more fields are welcome ... {file} {image}
Hi Waddah;
Thanks for ea. When I load the ea it is only showing 21 pairs instead of 28. Please advise. Thanks
Cluttered charts are visual diarrhea. Whats on your charts?
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