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Magic 5 - five pips only

  • #1,001
  • Mar 3, 2017 5:12pm Mar 3, 2017 5:12pm
I am using the following rules:
"
+5 EMA (2 shift/offset) and 5 NET PIPS...and 30K-50K lot and 1:500 leverage.
+RSI 8
+and of course non-news quiet times.


--- Use only ECN account
--- if you dont have much money use 1:500 leverage to be able to open at least 30K lots
--- DONT FORGET: Trading is a business...Business requires investing!! Dont be stingy!

1. Enter (right on the second candle opened inside 5ema) Buy trades only if price is over ema200 (either m15 or H1 you choose) and only sell if below ema 200.
2. Dont regard all crossings (over 5ema) as trade set-ups. Avoid consolidated areas and zones of small candles.
3. Always confirm set-up with HA candle.
4. Enter set-ups ONLY on times where price 'comes from' critical RSI 70 or 30 zones. In this way IT"S SAFER!.
5. DONT OVERTRADE! MAX 4 TRADES A DAY (IF YOU WANNA LIVE LONGER OF COURSE).

yes 5 simple rules.

"
  • #1,002
  • Mar 4, 2017 11:31am Mar 4, 2017 11:31am
Quoting sundeep0108
I am using the following rules: " +5 EMA (2 shift/offset) and 5 NET PIPS...and 30K-50K lot and 1:500 leverage. +RSI 8 +and of course non-news quiet times. --- Use only ECN account --- if you dont have much money use 1:500 leverage to be able to open at least 30K lots --- DONT FORGET: Trading is a business...Business requires investing!! Dont be stingy! 1. Enter (right on the second candle opened inside 5ema) Buy trades only if price is over ema200 (either m15 or H1 you choose) and only sell if below ema 200. 2. Dont regard all crossings (over 5ema)...
always draw trendlines
  • #1,003
  • Mar 4, 2017 11:31am Mar 4, 2017 11:31am
Quoting FXmongoose
{quote} thx, can you say and what broker do you use?
IC Markets is fine
always draw trendlines
  • #1,004
  • Mar 11, 2017 3:55pm Mar 11, 2017 3:55pm
Don't trade this week?
  • #1,005
  • Mar 16, 2017 5:22am Mar 16, 2017 5:22am
Guys
I just wanna remind you of my YouTube channel below. The videos will greatly help understand and strengthen your skills. Subscribe to it for upcoming additions.

https://www.youtube.com/channel/UCPF...OfIUexqQOZUzGw
always draw trendlines
  • #1,006
  • Mar 18, 2017 5:34am Mar 18, 2017 5:34am
Thx mate!
  • #1,007
  • Apr 6, 2017 4:16pm Apr 6, 2017 4:16pm
Remember one thing...Never underestimate price action shown with Japanese candles.

Heiken Ashi is used here, for confirmation of entry points, and also exit. That's the start and ending of a trade
always draw trendlines
  • #1,008
  • Apr 17, 2017 3:23am Apr 17, 2017 3:23am
I do not know why so many people like to pursue a mess of indicators, dazzling interface, and now so simple system how good ah, I like this system, using the least system comes with the indicators, never out of date, I also believe that forever effective.
Do you only use this short-term system to make money? Because I am an office worker, so I have been using a larger cycle of the system, but the money utilization is low, this method I tested for some time, and will not spend me too much time, thank you, tk5!
  • #1,009
  • May 17, 2017 4:16pm May 17, 2017 4:16pm
hello guys..

Just reminder of a good trade opportunity - longing USDCHF (0.9780ish) as well as NZDCHF (0.6785-90ish)..

enjoy!
always draw trendlines
  • #1,010
  • Sep 10, 2017 8:28am Sep 10, 2017 8:28am
There is always another trade.

Inserted Video
always draw trendlines
  • #1,011
  • Oct 3, 2017 12:09pm Oct 3, 2017 12:09pm
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,...

I like your spirit TK5 .. what you are telling is making sense to me .. hmmm ... thank you for the insight!
  • #1,012
  • Oct 11, 2017 4:26am Oct 11, 2017 4:26am
EURGBP gives signal of new trend re-start. Note!
always draw trendlines
  • #1,013
  • Oct 11, 2017 4:38am Oct 11, 2017 4:38am
Quoting liquidice
{quote} I like your spirit TK5 .. what you are telling is making sense to me .. hmmm ... thank you for the insight!
...
always draw trendlines
  • #1,014
  • Dec 16, 2017 3:48am Dec 16, 2017 3:48am
Such a shame this thread is slowly dying.
  • #1,015
  • Dec 16, 2017 10:44am Dec 16, 2017 10:44am
Quoting handy148
Such a shame this thread is slowly dying.

Overcooked really, that's what happens when they land on Commercial forum........
  • #1,016
  • Jan 20, 2018 6:23am Jan 20, 2018 6:23am
Whats up guys !

Are you switched to crypto currencies yet or still on fiat
always draw trendlines
  • #1,017
  • Jan 20, 2018 4:55pm Jan 20, 2018 4:55pm
well men you put the nail on the coffin always another trade patience patience discipline that why i mostly had winner from the last 2 months thanks for your input
  • #1,018
  • Jan 21, 2018 5:46am Jan 21, 2018 5:46am
Quoting ellenbrook
well men you put the nail on the coffin always another trade patience patience discipline that why i mostly had winner from the last 2 months thanks for your input
glad for you. Tell us about your performance.
always draw trendlines
  • #1,019
  • Jan 21, 2018 9:31am Jan 21, 2018 9:31am
Quoting tk5
{quote} glad for you. Tell us about your performance.
Are you still trading this strategy LIVE?

If so, I have been testing this strategy for quite a while now and I have an alert that notifies candles that have close above and below the 5sma. Which provides ALOT of convenience when away from charts.

It alerts via mobile and email as well! Just set "MA PERIOD" to 5 and "WARNING MODE" to 0 to avoid the annoying alert sound.
Attached File(s)
File Type: ex4 Magic5arrow.ex4   16 KB | 386 downloads
File Type: mq4 Magic5arrow.mq4   4 KB | 424 downloads
  • #1,020
  • Jan 21, 2018 9:33am Jan 21, 2018 9:33am
I don't mean to muddy up the OP rules with this indicator. I have only included it for added convenience. It still goes along with all the rules. I have been testing and trading this strategy for a long time now. Let's please revive this awesome thread. This strategy is sound!
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