All the best to all of you. But don't follow me. I am a learner.
Monthly Profit - Daily Trading using SMA
- #9,783
- Feb 8, 2018 12:54pm Feb 8, 2018 12:54pm
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,683 Posts
Hello, Current trades: {image} +15% during this week. So far I got few breakevens and 0 SL. How about you? I see that some of you changed main rules by making some adjustments. How are your results after that change? Regards, D.
This Week 6.9% 383
- #9,786
- Feb 8, 2018 1:42pm Feb 8, 2018 1:42pm
- Joined Aug 2016 | Status: Trader | 1,724 Posts
Hello
Will take no new trade now.
I am in on EG from the BK8 1H - strategy earlier to day. But it may run my way, or it will stop - we'll see.
Wish you all the best.
Take care.
Oddbjørg
Will take no new trade now.
I am in on EG from the BK8 1H - strategy earlier to day. But it may run my way, or it will stop - we'll see.
Wish you all the best.
Take care.
Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
- #9,787
- Feb 8, 2018 1:54pm Feb 8, 2018 1:54pm
- Joined Aug 2016 | Status: Trader | 1,724 Posts
All the best to all of you. But don't follow me. I am a learner.
Hi guys !
I following the current Thread since 1 year. I am using the system, but I don't have positive outcome.
I have few questions and I'll be glad to receive your answers.
I following the current Thread since 1 year. I am using the system, but I don't have positive outcome.
I have few questions and I'll be glad to receive your answers.
- How you manage your risk and stop losses.? - Sometimes the previous Candle is too big. In a long term if you have less wrong trades but with bigger losses, how you can be on profit?
- When you take your profit in General. Bk8 gave us 3 opportunities: after 1 candle on profit, after 3 or forever Which one work best for you, or you have your own rule?
- Do you open 2 trades everytime? And if you do it, we going back to the first question. If you have 60% winning trades( I backtested the strategy on a different pairs and in most cases the winning persentage is 50-60%), and when you lose - you lose 2 times the same. When you win - you close the first trade after one profit candle, sometimes you close the second one on a breakeven.
The strategy is great, but i still can find the right way for the money and risk Management. I'll be glad to receive your answers.
Best Regards,
Kodzhamanov
Dreams don't work unless you do
RealDeal All Time Return:
-73.9%
- #9,790
- Feb 9, 2018 11:08am Feb 9, 2018 11:08am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,683 Posts
Hi guys ! I following the current Thread since 1 year. I am using the system, but I don't have positive outcome. I have few questions and I'll be glad to receive your answers. How you manage your risk and stop losses.? - Sometimes the previous Candle is too big. In a long term if you have less wrong trades but with bigger losses, how you can be on profit? When you take your profit in General. Bk8...
I'm trading this strategy about 2 months. I made some adjustments like:
-first closed candle after enter - If price goes with right direction I don't take any action - just wait for next day, If price goes in opposite side I set breakeven and If price is undecided (something like DOJI candle) I wait one more day.
-second closed candle after enter - If price goes in right direction I move SL, If price goes opposite I set breakeven, If price is undecided - I set breakeven.
I just don't see any point for waiting few days with hope that price will move in our direction, because our efficiency of good trades goes down - it is only my opinion.
You have asked 3 questions:
1. If there is a big candle which crosses sma5 I just set buy/sell limit on the 60% of the candle and wait one day.
2/3. I always open 2 trades. First trade is 1:1 TP=SL, and second is open till I see that price stopped on some level, for example I see hammers, engulfing, shooting stars or strong S/R. I just close when I see formations which suggest me that there is a possibility that the price will change his direction.
If I didn't decide to open 2 trades at the same moment I would open trade on 0.20 instead of 2x0.10 :-)
I think @Kodzhamanov you have to find yourself in this strategy and make necessary adjustments which will fit into your style/character and way of thinking.
Hope my answer will help you a little bit
I don't open new trades on Friday.
Good luck!,
D.
- #9,792
- Feb 9, 2018 12:55pm Feb 9, 2018 12:55pm
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,683 Posts
In my opinion and experience 50 ema and 200 ema like tp levels acts 1000 times more than everything else, allso see when you take a trade to these 3 EMA-S to be seperated from ech other
- #9,793
- Feb 9, 2018 1:15pm Feb 9, 2018 1:15pm
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,683 Posts
By the way 1 good signal for monday 
EUR/CAD short
EUR/CAD short
{quote} You need to make trading plan wich sweet's you these is the start, you are different from every one here (such thing): The list is to long for sake of truth... {image}
Dreams don't work unless you do
RealDeal All Time Return:
-73.9%
- #9,797
- Feb 11, 2018 11:31am Feb 11, 2018 11:31am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,683 Posts
hi to all my account balance is 1125$ in real account any one help share with me sma indicator and setting please i m newbie .... plz share sma indcator and setting ... i dnt have goood sma incatr plz plz share indi and setting .... thanx sorry for my bad english
take care of money managment calculate things..
- #9,798
- Feb 11, 2018 11:33am Feb 11, 2018 11:33am
- Joined Mar 2016 | Status: Trader | 6,333 Posts
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return:
-77.5%
- #9,799
- Edited Feb 12, 2018 2:52am Feb 11, 2018 2:35pm | Edited Feb 12, 2018 2:52am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
- #9,800
- Feb 12, 2018 1:27pm Feb 12, 2018 1:27pm
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,683 Posts
