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Monthly Profit - Daily Trading using SMA

  • #9,961
  • Mar 21, 2018 6:19pm Mar 21, 2018 6:19pm
Quoting ekjinvests
Just have to throw out a mega kudos to everyone that has contributed and keeps this thread going. Thanks especially to Filipo1 for being so responsive! And Oddbjorg as well. I just started trying to learn this system a couple of weeks ago and am optimistic. You can say I have a bullish outlook about it. Filipo1, thanks for the feedback regarding entry time after the Daily close. I played around with something yesterday and it appeared to work quite well. I'll have to do some more backtesting, but it would have garnered some very positive results....
Hello
Thanks for the nice words.
Looking forward to read and study through this.
All the best to all of you. But don't follow me. I am a learner.
  • #9,962
  • Mar 21, 2018 9:38pm Mar 21, 2018 9:38pm
Quoting Forest-Sea
A question for all but especially the 'old pros' on this forum. If you wait for the SMA 5 to slope toward your entry (turning up for a long, etc) do you feel the angle of the slope is important? If yes, then a small, gentle angle up/down may not be enough for you to enter and you may wait for the next candle to suggest direction. Oddbjorg in particular waits for a second confirming candle, I believe. Her win % is probably pretty far up there, too. I am trying to make sense of optimal entry time. The conservative among you will likely wait a day...
Hello.
Funny I did not see this post untill to night. Sorry.
Yes, I am lagging behind one candle, so it is more safe, and after two bullish candles sma 5 is often pointing up for example. But those that see the signal the day before like Filipo1 get greater profit of course.
Well all the best and take care.
All the best to all of you. But don't follow me. I am a learner.
  • #9,963
  • Mar 22, 2018 1:18am Mar 22, 2018 1:18am
Hi ekjinvests,
I am also using Tradingview.

I am able to program to send an an alert only for the currency pair that is open in the chart.

Are you able to program to generate and alert for a bunch of currency pairs even if they are not open in a chart?

Cheers

Quoting ekjinvests
Just have to throw out a mega kudos to everyone that has contributed and keeps this thread going. Thanks especially to Filipo1 for being so responsive! And Oddbjorg as well. I just started trying to learn this system a couple of weeks ago and am optimistic. You can say I have a bullish outlook about it. Filipo1, thanks for the feedback regarding entry time after the Daily close. I played around with something yesterday and it appeared to work quite well. I'll have to do some more backtesting, but it would have garnered some very positive results....
  • #9,964
  • Edited 7:40am Mar 22, 2018 7:17am | Edited 7:40am
Quoting thor888
Hi ekjinvests, I am also using Tradingview. I am able to program to send an an alert only for the currency pair that is open in the chart. Are you able to program to generate and alert for a bunch of currency pairs even if they are not open in a chart? Cheers {quote}
Do you mean tradeview broker
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #9,965
  • Mar 22, 2018 10:10am Mar 22, 2018 10:10am
Hi 9jatrader. So yes, I'm using TradingView, but I did pay for the upgrade a while back, which I kind of forgot. I thought you are still able to do 10 alerts with the basic, but maybe I'm wrong. It shouldn't matter what's currently open in your chart, however. If you set and alert on a pair, you should be able to then browse other pairs. I'd go back into TradingView and look at the options; I think they have a few different plans. I got the top one, but is was expensive. But also why I can get like 100 alerts.

Oddbjorg, quick question. If I'm reading above correctly, are you saying you use the 5,1 SMA setting for Daily instead of 5,0. So the setting would be as follows:
Length: 5
Source: Close
Offset: 1

Thanks again!
  • #9,966
  • Mar 22, 2018 12:19pm Mar 22, 2018 12:19pm
Quoting ekjinvests
Hi 9jatrader. So yes, I'm using TradingView, but I did pay for the upgrade a while back, which I kind of forgot. I thought you are still able to do 10 alerts with the basic, but maybe I'm wrong. It shouldn't matter what's currently open in your chart, however. If you set and alert on a pair, you should be able to then browse other pairs. I'd go back into TradingView and look at the options; I think they have a few different plans. I got the top one, but is was expensive. But also why I can get like 100 alerts. Oddbjorg, quick question. If I'm reading...
Hello
No, Sma 5,0. Why do you think I use Sma 5,1?
All the best to all of you. But don't follow me. I am a learner.
  • #9,967
  • Mar 22, 2018 12:35pm Mar 22, 2018 12:35pm
Quoting ekjinvests
Hi 9jatrader. So yes, I'm using TradingView, but I did pay for the upgrade a while back, which I kind of forgot. I thought you are still able to do 10 alerts with the basic, but maybe I'm wrong. It shouldn't matter what's currently open in your chart, however. If you set and alert on a pair, you should be able to then browse other pairs. I'd go back into TradingView and look at the options; I think they have a few different plans. I got the top one, but is was expensive. But also why I can get like 100 alerts. Oddbjorg, quick question. If I'm reading...
Broker name in Tradeview and not tradingview. I ones made the same mistake and got some confused
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -77.5%
  • #9,968
  • Mar 22, 2018 2:26pm Mar 22, 2018 2:26pm
Quoting 9jatrader
{quote} Broker name in Tradeview and not tradingview. I ones made the same mistake and got some confused
Hi 9jatrader, no more confusion now:

https://www.tradingview.com/
I used to be indecisive but now I'm not so sure...
  • #9,969
  • Mar 22, 2018 10:16pm Mar 22, 2018 10:16pm
Finally I am very pleased to be able to report my success with this trade method to my friends in this forum- I traded USD / JPN and made about50 pips.
i entered short immediately after the closing of the D1 Candle and immediately went down.

Although I made a few successful trade with this method previously but I have never been so sure about my fate with the result - this time I was quite certain - I had second filter in place - I happened to display Ichimoku Kinko Hyo indicater and it indicated it had to be going down.

I wish my trade ace could be this certain every time.
Thank you everyone for the generous advices always!
Attached Image (click to enlarge)
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  • #9,970
  • Mar 22, 2018 11:21pm Mar 22, 2018 11:21pm
Quoting ShinjinFX
Finally I am very pleased to be able to report my success with this trade method to my friends in this forum- I traded USD / JPN and made about50 pips. i entered short immediately after the closing of the D1 Candle and immediately went down. Although I made a few successful trade with this method previously but I have never been so sure about my fate with the result - this time I was quite certain - I had second filter in place - I happened to display Ichimoku Kinko Hyo indicater and it indicated it had to be going down. I wish my trade ace could...
This is wonderful news ShinjinFX, keep on track.
I used to be indecisive but now I'm not so sure...
  • #9,971
  • Mar 22, 2018 11:52pm Mar 22, 2018 11:52pm
Great system, need more time to practice this. SMAs is perfect support and resistance. Thank you!
  • #9,972
  • Mar 22, 2018 11:52pm Mar 22, 2018 11:52pm
Quoting ShinjinFX
Finally I am very pleased to be able to report my success with this trade method to my friends in this forum- I traded USD / JPN and made about50 pips. i entered short immediately after the closing of the D1 Candle and immediately went down. Although I made a few successful trade with this method previously but I have never been so sure about my fate with the result - this time I was quite certain - I had second filter in place - I happened to display Ichimoku Kinko Hyo indicater and it indicated it had to be going down. I wish my trade ace could...
That was good to hear.
All the best to all of you. But don't follow me. I am a learner.
  • #9,973
  • Mar 23, 2018 2:32am Mar 23, 2018 2:32am
Hi everyone,
This is my farewell post.
I sincerely hope my latest interventions on this thread will have helped some of you to get a better understanding and mastery of this strategy that rocks.
I have the feeling I shared all what I received from other generous contributors on FF and from other forums as well.
I also feel now that I can fly on my own and need to dedicate more of my time to other projects linked to trading. Maybe will we meet again in the future.

My best wishes for your journey to financial independence.
I used to be indecisive but now I'm not so sure...
  • #9,974
  • Mar 23, 2018 2:42am Mar 23, 2018 2:42am
Thanks for the thread. Have started trading this strat and like the fact that you only need to check your trades daily. After 2 weeks of testing the original strat I will now try to improve my entries by checking the 4 hour timeframe as well for overbought / oversold / resistance before placing a trade. Is anybody following this route ?

For alarms you may want to use the attached indicator.
Attached File(s)
File Type: mq4 ma_cross_alert_once_a.mq4   9 KB | 317 downloads
  • #9,975
  • Mar 23, 2018 6:17am Mar 23, 2018 6:17am
Thank you Filipo1 and all for your advices and encouragement - I will miss your presence however I will reread your post again and again when I am I doubt.

Good luck and take care!
  • #9,976
  • Mar 24, 2018 12:51pm Mar 24, 2018 12:51pm
Quoting Filipo1
Hi everyone, This is my farewell post. I sincerely hope my latest interventions on this thread will have helped some of you to get a better understanding and mastery of this strategy that rocks. I have the feeling I shared all what I received from other generous contributors on FF and from other forums as well. I also feel now that I can fly on my own and need to dedicate more of my time to other projects linked to trading. Maybe will we meet again in the future. My best wishes for your journey to financial independence.
hello Filipo,
just passed by and see your intention to move on.
thank you for being such a good contributor in Bk8`s thread and keeping it alive.
I wish you every success in the future.

over to Mrs Oddbjorg now as the last one standing!
  • #9,977
  • Mar 24, 2018 6:24pm Mar 24, 2018 6:24pm
Quoting yonnie
{quote} hello Filipo, just passed by and see your intention to move on. thank you for being such a good contributor in Bk8`s thread and keeping it alive. I wish you every success in the future. over to Mrs Oddbjorg now as the last one standing!
Hello Yonnie
- good thing to have you around - you are the senior guy
- you were here before me - - - hehe
Always liked you posts.
Here are always some good traders on board with good calls.
Well what ever - all the best wishes.
Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
  • #9,978
  • Edited 12:26pm Mar 25, 2018 11:59am | Edited 12:26pm
Hi,

I have followed the forums for some time now, but first created account today. I have been reading a ton of pages in this forum topic and just to clarify its SMA5, right? (Some wrote SMA5,3)
and please look at my screenshot and let me know if entry + SL is correct? i know that the trade is not going my way and SL would be triggered, so anything that would have made you not take that trade?

I have seen some write they want two green/red bars before they make an entry?

Thanks and happy trading!

/Newt
Attached Image (click to enlarge)
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  • #9,979
  • Mar 25, 2018 1:02pm Mar 25, 2018 1:02pm
Quoting Newt
Hi, I have followed the forums for some time now, but first created account today. I have been reading a ton of pages in this forum topic and just to clarify its SMA5, right? (Some wrote SMA5,3) and please look at my screenshot and let me know if entry + SL is correct? i know that the trade is not going my way and SL would be triggered, so anything that would have made you not take that trade? I have seen some write they want two green/red bars before they make an entry? Thanks and happy trading! /Newt {image}
Hello and welcome.
Bk8 changed it to sma 5 only.
I most often go in after sma crosses the second candle going for ex south and sma 5 pointing down too. Going out is not as Bk8. I go after 2 or 3 candles after my way. And if not I do not wait that long. It also depends on the size of amount risking.
All the best.
All the best to all of you. But don't follow me. I am a learner.
  • #9,980
  • Mar 25, 2018 1:14pm Mar 25, 2018 1:14pm
Quoting Oddbjorg
{quote} Hello and welcome. Bk8 changed it to sma 5 only. I most often go in after sma crosses the second candle going for ex south and sma 5 pointing down too. Going out is not as Bk8. I go after 2 or 3 candles after my way. And if not I do not wait that long. It also depends on the size of amount risking. All the best.
Thanks oddbjorg, I know you have written it before, but with all the posts, I was not sure if you maybe have changed opinion. Its hard to look through so many post - you end up being confused :-) Btw, are you by any chance from Denmark?
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