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My Trend Following

  • #141
  • Feb 10, 2018 10:36pm Feb 10, 2018 10:36pm
Quoting boseman
{quote} What crosses do you mainly trade with this strategy? Tom
Hi,

I use 5/10 EMA cross over on H4 to identify the trend.

H4:

Up trend : 5/10 EMA cross up and confirmed by macd hist > 0 and stochastic cross up

Down trend : 5/10 EMA cross down and confirmed by macd hist < 0 and stochastic cross down



Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.png Size: 90 KB
Being a fxtrader is not easy. Ones must working hard.
  • #142
  • Feb 10, 2018 11:54pm Feb 10, 2018 11:54pm
Hi,

I want to explain HHHL and LHLL


HH: The high of the signal candle is higher than the high of the previous candle

HL: The low of the signal candle is higher than the low of the previous candle


LH: The high of the signal candle is lower than the high of the previous candle

LL: The low of the signal candle is lower than the low of the previous candle


i) Higher Highs, Higher Lows for bearish reversal pattern

ii) Lower Lows, Lower highs for bullish reversal pattern


Next we will see how we enter a trade based on those patterns



Sai Ram
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart1.png Size: 91 KB
Click to Enlarge Name: chart4.png Size: 76 KB
Being a fxtrader is not easy. Ones must working hard.
  • #143
  • Edited 1:47am Feb 11, 2018 12:23am | Edited 1:47am
Hi,

Sell trade:

Once HHHL is formed then set sell stop order on the low of the previous candle of the signal candle.

Long trade:

Once LHLL is formed then set buy stop order on the high of the previous candle of the signal candle.


Sai Ram
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart5.png Size: 72 KB
Click to Enlarge Name: chartH1.png Size: 70 KB
Being a fxtrader is not easy. Ones must working hard.
  • #144
  • Edited 12:54am Feb 11, 2018 12:41am | Edited 12:54am
Hi,

Down trend

H4: The trend is down. Because 5/10 EMA crossed down and confirmed by macd hist < 0 and stochastic crossed down

H1: Wait for CCI goes above 100 then go to M15

M15:

i) CCI must be above 100 + one of the 2 indicators (MFI or Stochastic) moves in the OB area

ii) Wait for HHHL pattern formed. Then set a sell stop below the low of the previous candle of the signal candle.


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.png Size: 120 KB
Being a fxtrader is not easy. Ones must working hard.
  • #145
  • Feb 11, 2018 12:53am Feb 11, 2018 12:53am
Hi,

Up trend

H4: The trend is up. Because 5/10 EMA crossed up and confirmed by macd hist > 0 and stochastic crossed up

H1: Wait for CCI goes below -100 then go to M15

M15:

i) CCI must be below -100 + one of the 2 indicators (MFI or Stochastic) moves in the OS area

ii) Wait for LHLL pattern formed. Then set a buy stop on the high of the previous candle of the signal candle.


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: chart4.png Size: 118 KB
Being a fxtrader is not easy. Ones must working hard.
  • #146
  • Feb 11, 2018 8:23am Feb 11, 2018 8:23am
Quoting sriloba
{quote} Hi, I use 5/10 EMA cross over on H4 to identify the trend. H4: Up trend : 5/10 EMA cross up and confirmed by macd hist > 0 and stochastic cross up Down trend : 5/10 EMA cross down and confirmed by macd hist < 0 and stochastic cross down Sai Ram {image}
Sorry, I meant to ask what currency pairs do you use this strategy on most of the time?

Tom
  • #147
  • Feb 11, 2018 11:30am Feb 11, 2018 11:30am
Quoting boseman
{quote} Sorry, I meant to ask what currency pairs do you use this strategy on most of the time? Tom
Hi,

95% of the time I trade GBPUSD. Because I need only 20 pips for my daily goal.

Also I scan EURUSD, AUDUSD and EURJPY.


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #148
  • Edited 10:48am Feb 12, 2018 8:02am | Edited 10:48am
Hi,

Today I grabbed 10 pips on Aussie. There are no news. The markets are slow. Ones have to take very cautions when deciding to put a trade.

This trade is less high probability by 2 factors:

1_ No news less volatility
2_ Price didn't pull back enough. Because CCI(H1) was not reach the OS area.

Lets see the trade that I took today.

H4: The trend was up

H1: CCI was just below the zero line. I would like to see CCI went below -100

M15:
CCI was just below the zero line. I would like to see CCI went below -100. But MFI and Stochastic were in OS area. Price found support at 200 EMA. The last event gave me pretty much confidence to put a buy stop.
Once LHLL bullish reversal pattern formed I put a buy stop above the high of the previous candle of the signal candle.

The trade exited manually with 10 pips. Because the market was slow


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.png Size: 115 KB
Being a fxtrader is not easy. Ones must working hard.
  • #149
  • Feb 12, 2018 11:29am Feb 12, 2018 11:29am
Quoting sriloba
{quote} Hi, I will use the template attached below to analyse my trades in the future. I am sorry for the convenience. MFI stands for Money Flow Index. It is in metatrader platform, Volume indicators Bonne fin semaine Sai Ram {file} {file} {image}
Hi Sai can you please share the indicator without a rar? I cant open the rar file on my computer. Thank you for sharing your system
  • #150
  • Feb 12, 2018 12:42pm Feb 12, 2018 12:42pm
Quoting nunez1
{quote} Hi Sai can you please share the indicator without a rar? I cant open the rar file on my computer. Thank you for sharing your system
Hi,

Voilà!


See next post to complete the template of the system




Sai Ram
Attached File(s)
File Type: ex4 FX TrendBand MTF.ex4   284 KB | 400 downloads
File Type: ex4 Fxtrader1969_HAT.ex4   13 KB | 345 downloads
File Type: mq4 Fxtrader1969_HAT.mq4   3 KB | 378 downloads
File Type: ex4 Fxtrader1969_MACD_ColorHist_Alert.ex4   31 KB | 393 downloads
File Type: mq4 Fxtrader1969_MACD_ColorHist_Alert.mq4   22 KB | 370 downloads
File Type: ex4 Fxtrader1969_MTF_CCI.ex4   32 KB | 382 downloads
File Type: mq4 Fxtrader1969_MTF_CCI.mq4   16 KB | 376 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #151
  • Feb 12, 2018 12:44pm Feb 12, 2018 12:44pm
Continue from the post#150
Attached File(s)
File Type: ex4 Fxtrader1969_MTF_Stoch_Hist.ex4   20 KB | 398 downloads
File Type: mq4 Fxtrader1969_MTF_Stoch_Hist.mq4   7 KB | 396 downloads
File Type: ex4 Fxtrader1969_Stochastic.ex4   18 KB | 433 downloads
File Type: ex4 RSI HistoAlert v2.ex4   5 KB | 378 downloads
File Type: ex4 TzPivotsD_v3.5 (Black).ex4   106 KB | 414 downloads
File Type: tpl MyTrendFollowing.tpl   10 KB | 369 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #152
  • Feb 12, 2018 12:58pm Feb 12, 2018 12:58pm
Thank you
  • #153
  • Edited 7:08pm Feb 12, 2018 6:45pm | Edited 7:08pm
Hi,

What happens the order is not filled ?
Because price did not find the top or bottom yet.

The chart attached below try to explain the order not triggered. (Sell Trade)

Let's assume the candle3 is not existed yet.

The candles(1,2) forms HHHL, bearish reversal pattern. The candle1 is the signal candle. Then We set a sell stop order below the low of candle2.

Then the candle3 is formed and created a new HHHL. We cancel the old order and adjust the new.

The candle3 becomes the signal candle and we set a new sell stop order below the low of candle1.

Hope I don't confuse people.



Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.png Size: 75 KB
Being a fxtrader is not easy. Ones must working hard.
  • #154
  • Feb 12, 2018 8:14pm Feb 12, 2018 8:14pm
Quoting sriloba
Hi, What happens the order is not filled ? Because price did not find the top or bottom yet. The chart attached below try to explain the order not triggered. (Sell Trade) Let's assume the candle3 is not existed yet. The candles(1,2) forms HHHL, bearish reversal pattern. The candle1 is the signal candle. Then We set a sell stop order below the low of candle2. Then the candle3 is formed and created a new HHHL. We cancel the old order and adjust the new. The candle3 becomes the signal candle and we set a new sell stop order below the low of candle1....
What do you set your stop loss at? 20 pips from entry?
  • #155
  • Edited 12:30am Feb 13, 2018 12:05am | Edited 12:30am
Quoting boseman
{quote} What do you set your stop loss at? 20 pips from entry?
Hi,


Use ATR in H1 to set the SL and TP from the entry.

Let's say [email protected], ATR(H1)= 22 pips (see chart)

SL@12316+22=12338 or 1.2338 price level

Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.png Size: 161 KB
Being a fxtrader is not easy. Ones must working hard.
  • #156
  • Edited 1:28pm Feb 13, 2018 12:44pm | Edited 1:28pm
Hi,

Today I exited my trade with BE (+2 pips)


H4: The trend was down

H1: CCI was above 100

M15: CCI, MFI and Stoch were in the OB area. Bearish pattern reversal, IB, was formed. Candle2 is the signal candle. Set a sell stop order below the low of candle1.

The trade exited manually with +2 pips. Because Price was rejected on the CPP ( H1 )


Sai Ram
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart1.png Size: 116 KB
Click to Enlarge Name: chart2.png Size: 89 KB
Being a fxtrader is not easy. Ones must working hard.
  • #157
  • Feb 20, 2018 8:51am Feb 20, 2018 8:51am
Quoting sriloba
Hi, Today I grabbed 20 pips on EURJPY H4: The trend was down H1: CCI was above 100 --- Very important. Because we want to make sure price makes a maximum of pull back M15: CCI, MFI and Stochastic were in the OB area. Then wait for the HHHL formed and set the sell stop below the low of the previous signal candle . If the new HHHL forms then cancel the old order and adjust the new one. The trade exited by TP=20 pips Sai Ram {image}
Hi Sai
Could you tell me what is "IB" the text on the pic?
Thanks for your sharing!
Honey
  • #158
  • Feb 20, 2018 1:11pm Feb 20, 2018 1:11pm
Quoting honeytov
{quote} Hi Sai Could you tell me what is "IB" the text on the pic? Thanks for your sharing! Honey
Hi,

IB stands for INSIDE BAR






Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #159
  • Feb 20, 2018 1:15pm Feb 20, 2018 1:15pm
Hi guys,


For the last days I didn't post my charts. Because I was searching some offshore brokers. I have only 3 months before my current broker closes my live account.

Because they won't accept canadians traders anymore due to the strict regulations of Canada.

Once I got the brokers I will post my trading charts again.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #160
  • Feb 20, 2018 2:15pm Feb 20, 2018 2:15pm
You may consider www.interactivebrokers.ca
BR, alex
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