Monthly Profit - Daily Trading using SMA | Page 465 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daily Profit - H1 Trading using SMA 751 replies

Jake Bernstein 10 SMA high 8 SMA low trading system 94 replies

SMA 200+SMA 55+SMA 5 is very profitable 49 replies

AUDUSD/AUDCHF/NZDJPY basket trading using 50 sma and 200 sma 16 replies

Programming of SMA and SMA cross over 20 replies

Attachments: Monthly Profit - Daily Trading using SMA
Exit Attachments

Monthly Profit - Daily Trading using SMA

  • #9,281
  • Oct 7, 2017 10:53am Oct 7, 2017 10:53am
Quoting jmtini
Guys I'm trying to come up with an indi that highlights "smart money" liquidity hunts/accumalation phases such as highlighted on the chart (below). Might be useful don't you think? Also does anyone know of an indi that places the daily (higher time frame chart) within a lower time frame chart window? Say I've got he 1 hr chart open, I want to see the daily chart at the same time. Would be very useful. {image}
I do not know such indicators unfortunately.
Maybe not the most accurate way to solve it but you can get a good approximation of the dailly SMA5 multiplying the number of x minutes segments per day by 5 (like you have probably done) it should give workable results like here below using EMA240.
Attached Image (click to enlarge)
Click to Enlarge Name: C7D039B4-F87A-4F26-87EC-76D573843C1E.png Size: 298 KB
I used to be indecisive but now I'm not so sure...
  • #9,282
  • Oct 7, 2017 12:24pm Oct 7, 2017 12:24pm
Quoting Filipo1
{quote} I do not know such indicators unfortunately. Maybe not the most accurate way to solve it but you can get a good approximation of the dailly SMA5 multiplying the number of x minutes segments per day by 5 (like you have probably done) it should give workable results like here below using EMA240. {image}
Thanks Filipo

But I've found a quite a good one (below)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 43 KB
  • #9,283
  • Edited Oct 8, 2017 8:17am Oct 7, 2017 1:19pm | Edited Oct 8, 2017 8:17am
Quoting FX-Flux
{quote} Exactly, its far more nuanced than Post #1. Success rate needs a good Risk Reward ratio to work. Sometimes the SL would be almost 100 pips away and BK8 would close with 50 pips profit. 65% win rate for this kind of trade is a losing formula.
I hear you, but imo Bk8`s system is a good way to get into a new direction. how far will it go? nobody knows. we can only participate and do the best we can with the CURRENT price action.

if there is free-flowing price action with good momentum, we can shoot for the moon and wait until we get a signal to go the other way. this has been pointed out by your own research awhile back.
a different story when the momentum is cut short often: we will have to manage the trade in a different way to be profitable.
I believe its a story of constantly being alert and evolving with the current price action.
you are right: there is no 1 rigid system of rules that will fit every situation.

I also believe that Bk8 was always profitable on a monthly basis.
imo he managed to do that by cleverly adapting his entry, management and profit targets.
so if we have all losses for last week, wouldn`t it be a good idea to look closely at our criteria and adjust them
to the current price action?
or stop trading if we cannot eke out a profit and wait for better price action?
just something to ponder.
  • #9,284
  • Oct 7, 2017 3:26pm Oct 7, 2017 3:26pm
Quoting Gohonzon
{quote} Hi Filipo, I chance upon this wonderful Thread and found the simplicity of BK8 method. The 5sma tracks very closely to the 9 period Tenkan-san. The TS line is actually the 50% median price of the previous 9 candles, like the 9 period Donchian channel middle line. I find that this is a better tracking method than the 5sma. I am using the Ichimoku chart with only the TS and KS lines instead of SMA with good results. MACD helps a lot to see if the trend is reversing or the retracement has completed, using the traditional MACD. I was trading...
Hi Gohonzon, thanks for your feedback which is also your first post on FF ! I also observed similar signals from TS and SMA5 and am still using both systems in parallel. All the best and welcome in the thread.
I used to be indecisive but now I'm not so sure...
  • #9,285
  • Oct 8, 2017 2:16am Oct 8, 2017 2:16am
Quoting Filipo1
{quote} Hi Stevepatt, I am referring essentially to Ichimoku Kinko Hyo to refine my entries and now stop orders as well. I saw an opportunity with the short lived retracement to enter short. H4 is showing everything is below the cloud a typical bearish view, Tenkan-sen (red) and Kijun-sen (blue) are also in bearish cross-over and finally Chikou-span (green) remains below historic price action, also bearish. On the daily chart Tenkan-sen and Kijun-sen give me indications where to place my stop orders: inverse hedging buy order somewhere over the...

Hi Filipo,

Thanks for your response.

I have never used Ichimoku Kinko Hyo but I appreciate everyone is different and have different approaches to their Trading.

Mine has, pretty well, always been an Indicator free approach.

I am aware that Candles are an Indicator and are only representations of Price segmented into chunks of time.

But, personally I have always found Price easier to read than Indicators.

It's always good to see how others are seeing the Market, thanks.
  • #9,286
  • Oct 8, 2017 7:27pm Oct 8, 2017 7:27pm
Hi, just to check how the setting below


Indicators

 

  1. SMA 5,0 SMA means simple/smoothed moving average? and apply to close/open/high/low?
  2. BB (Optional) Period is 14/20? and apply to close/open/high/low?

  • #9,287
  • Oct 8, 2017 8:54pm Oct 8, 2017 8:54pm
Quoting eddytan72
Hi, just to check how the setting below Indicators SMA 5,0 SMA means simple/smoothed moving average? and apply to close/open/high/low? BB (Optional) Period is 14/20? and apply to close/open/high/low?
Hello and welcome

BB : 20,2
SMA : 5

On some charts it only sayes: moving average,
For a time I thought that sma was smooteth moving average, but it is not.
I don't know anything about - close/open/high/low. Can not see it on my Ipad.

Maybe someone else can be friendly to tell you.

All the best.
Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
  • #9,288
  • Oct 8, 2017 10:48pm Oct 8, 2017 10:48pm
Quoting eddytan72
Hi, just to check how the setting below Indicators SMA 5,0 SMA means simple/smoothed moving average? and apply to close/open/high/low? BB (Optional) Period is 14/20? and apply to close/open/high/low?
Simple MA on CLOSE, no offset

BB 20, 2 on CLOSE
  • #9,289
  • Oct 8, 2017 11:05pm Oct 8, 2017 11:05pm
Quoting Bk8
I am sharing the simplest strategy for stress free day trading, I have ever seen anywhere else Indicators SMA 5,0 BB (Optional) Time Required - Just 15 minutes daily after D1 close when new candle starts. Avoid Lower timeframe charts, even H4 is not reliable. Risk - Do not take positions more than 5% of account value and do not take multiple positions of same currency (Max 2), even setup is 100% correct Sideways pattern, see below (Updated on 17-Dec-2016) Long - SMA line in upward direction Short - SMA line in downward direction Ignore - Flat SMA...
Quoting Bk8
I am sharing the simplest strategy for stress free day trading, I have ever seen anywhere else Indicators SMA 5,0 BB (Optional) Time Required - Just 15 minutes daily after D1 close when new candle starts. Avoid Lower timeframe charts, even H4 is not reliable. Risk - Do not take positions more than 5% of account value and do not take multiple positions of same currency (Max 2), even setup is 100% correct Sideways pattern, see below (Updated on 17-Dec-2016) Long - SMA line in upward direction Short - SMA line in downward direction Ignore - Flat SMA...
hello,BK8
i am a newbie from China,and its the 1st one i v seen in here.
thank u for sharing ur strategy,what u r doing is amazing coz no one here in China would like to do this.
my english is not that good ,so its quite hard to finish reading all the replies of 464 pages.
i backtested the strategy with my understanding and in my way{XAUUSD,D1,2009.1.1-2009.12-31,BB(20-0-2),MA(5,3)}
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 642 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 508 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 3.jpg Size: 378 KB

thats a pretty good result for a daily trading system for me,but before i keep backtesting 2010-2017 and other pairs,i d like to make sure with u about something i confused,wish u could give some explainations when u got time.
1.about how to exit:"You may exit when candle touches/cross BB top/bottom line."
what do u mean "touch"?only means candle body touch or including hatches touch？
2.what should i do when i meet a bull entry signal before the previous bear position exiting？
following example：should i close the bear position and then open a new bull position?or keep it until triggering SL or touching low BB line?
Attached Image (click to enlarge)
Click to Enlarge Name: 4.jpg Size: 120 KB

3.about trailing stop：am i understanding right?
following example：i entered at first candle and set sl1,the day after that , theres candle 2,i should change sl1 to sl2,and so on ,until the sl is triggered ,or one candle touches BB UP line.(every time i set n pips under low of the candle)
Attached Image (click to enlarge)
Click to Enlarge Name: 5.png Size: 425 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 5.png Size: 425 KB


best wish
duheyu
  • #9,290
  • Oct 9, 2017 5:05am Oct 9, 2017 5:05am
I think you are using SMA(5,3) when it should be SMA(5,0) no offset.
  • #9,291
  • Oct 9, 2017 4:27pm Oct 9, 2017 4:27pm
GBP/AUD D1 Pending Limit Buy

GBP/CHF D1 Pending Limit Buy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 9th Oct 17 GBP:AUD d1 Pending Limit Buy.png Size: 107 KB
Click to Enlarge Name: 9th Oct 17 GBP:CHF D1 Pending Limit Buy.png Size: 107 KB
  • #9,292
  • Oct 9, 2017 4:30pm Oct 9, 2017 4:30pm
Quoting stevepatt
{quote} AUD/USD D1 Buy Trade Triggered but continued to fall and todays Candle closed below the 5 SMA and yesterdays Lows. I hope the chart below explains my plan of action. {image}
AUD/USD Buy Trade Update

Yesterday AUD/USD failed to make a New Low.

I have cancelled the Limit Sell at 0.78000.
Attached Image (click to enlarge)
Click to Enlarge Name: 9th Oct 17 AUD:USD D1 Observations.png Size: 116 KB
  • #9,293
  • Oct 9, 2017 5:18pm Oct 9, 2017 5:18pm
Subscribed =) Guys, in these 465 pages, have you found some new better .tpl, or the basic-original .tpl it's quite good?

Cheers !
  • #9,294
  • Oct 9, 2017 5:59pm Oct 9, 2017 5:59pm
Quoting duheyu
{quote} {quote} hello,BK8 i am a newbie from China,and its the 1st one i v seen in here. thank u for sharing ur strategy,what u r doing is amazing coz no one here in China would like to do this. my english is not that good ,so its quite hard to finish reading all the replies of 464 pages. i backtested the strategy with my understanding and in my way{XAUUSD,D1,2009.1.1-2009.12-31,BB(20-0-2),MA(5,3)} {image} {image} {image} thats a pretty good result for a daily trading system for me,but before i keep backtesting 2010-2017 and other pairs,i d like...
dage, ni hao li hai , wo dou shi qianshui de .
  • #9,295
  • Oct 9, 2017 6:30pm Oct 9, 2017 6:30pm
Hello
No trade for me.
Gbp pairs look interresting. We will see tomorrow.
All the best.
All the best to all of you. But don't follow me. I am a learner.
  • #9,296
  • Oct 9, 2017 7:53pm Oct 9, 2017 7:53pm
Quoting thor888
{quote} Simple MA on CLOSE, no offset BB 20, 2 on CLOSE
Quoting Oddbjorg
{quote} Hello and welcome BB : 20,2 SMA : 5 On some charts it only sayes: moving average, For a time I thought that sma was smooteth moving average, but it is not. I don't know anything about - close/open/high/low. Can not see it on my Ipad. Maybe someone else can be friendly to tell you. All the best. Oddbjørg

ok, get that, thanks for your help~!
  • #9,297
  • Oct 9, 2017 7:58pm Oct 9, 2017 7:58pm
Quoting stevepatt
GBP/AUD D1 Pending Limit Buy GBP/CHF D1 Pending Limit Buy {image} {image}
I am in for GBPAUD buy also, GBPCHF I will monitor one more day to hope that it will cross middle BB

I also open trade for GBPNZD, what do you think? as it cross BB middle and SMA, still got some space for it to rise.
  • #9,298
  • Oct 10, 2017 12:57am Oct 10, 2017 12:57am
Quoting eddytan72
{quote} I am in for GBPAUD buy also, GBPCHF I will monitor one more day to hope that it will cross middle BB I also open trade for GBPNZD, what do you think? as it cross BB middle and SMA, still got some space for it to rise.

Hi Eddytan,

All you are doing by waiting for Price to cross the 20 SMA, which is what the Middle Line of the BB is, is entering Trades at worst Value.

By looking for a cross of the 5 SMA and a Close above/below the previous Candle you are entering at far better value and you are catching possible turns in the Trend far earlier.

I don't Trade GBP/NZD but looking at it there is no Value in entering at yesterdays Close.

It's far to close to the Swing High I would wait for a PullBack to better Value to Enter Long
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Oct 17 GBP:NZD D1 Observations.png Size: 124 KB
  • #9,299
  • Oct 10, 2017 1:11am Oct 10, 2017 1:11am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_67.jpg Size: 174 KB
  • #9,300
  • Oct 10, 2017 1:31am Oct 10, 2017 1:31am
Quoting stevepatt
GBP/AUD D1 Pending Limit Buy GBP/CHF D1 Pending Limit Buy {image} {image}
I want to see Momentum within the D1 Candle I can only see this clearly on shorter TFs I like H1 for this.

Price will more times than not PullBack to the Origins of that Momentum.

This Momentum often originates at Daily High/Lows and Whole / Half Numbers.



Attached Image (click to enlarge)
Click to Enlarge Name: 10th Oct 17 GBP:CHF H1 Observations.png Size: 138 KB
14 traders viewing now