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Monthly Profit - Daily Trading using SMA

  • #10,221
  • Jul 9, 2018 10:28am Jul 9, 2018 10:28am
Quoting tito5615104
Can any one from topic Followers tell me how many pips profit with this method and how many pips stop loss? greetings
I've been averaging 40-80 pips per night (most of my trades work over the Asian and London sessions). As long as I follow the rules, I've only had one losing day. E.g., last night (a Sunday night for me, and opening days are always tricky), I had 27, 23, 6.5, 3.5 and 3 pip wins. The last three were off of four-pip TSL's that I set up when I decided that I didn't like the chances of making my target. Maybe I should reread "Trading the Zone", but four hours after I hit the trailing stops, those pairs are still heading in the 'wrong' direction.

I don't quite agree with the SL rule, though - I tend to swing trade, and feel more comfortable using swings as a stop level. This means I may not always be using a 1:1 or greater risk/reward ratio; but, as I say, I have been having success with this approach. When I stuck to the 15-pip SL rule, I did not obtain nearly the success ratio.

But, that's just me.
  • #10,222
  • Jul 9, 2018 11:51am Jul 9, 2018 11:51am
hello everyone

im new to this thread and i have opened trades on nzd pairs. Results are awsome. Im hoping this will go on to more pips tomorrow too.

I have a question can anyone help me about it???

backtesting of this strategy shows that it gives fabulous results on Nzd pairs. Am i right about Nzd and do you find any other pair that also give good results for this strategy???
  • #10,223
  • Jul 9, 2018 11:51am Jul 9, 2018 11:51am
Quoting tito5615104
Can any one from topic Followers tell me how many pips profit with this method and how many pips stop loss? greetings
I always open 2 orders so I don't take a trade if one SL has to be more than 1,5%. In this situation I use limit orders to reduce the risk. Of course in that case I am aware of that not every trade I will get because not always price goes a little bit back and take my limit.
  • #10,224
  • Jul 9, 2018 6:17pm Jul 9, 2018 6:17pm
Quoting RisingSun
Keep going up ! {image}
Profit taken as the mid line of BB is reached. A conservative +26.2 pips. Still keeps going north.
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  • #10,225
  • Edited 6:54pm Jul 9, 2018 6:44pm | Edited 6:54pm
Still some room before hitting the mid line of BB.
The white band is 20, dev 1 and the gold band is dev 2.
Purple line is of course the bk8 "magic" line; sma5

RS
PS: bk8 entry is early and gives greater pips. The BB implies future behavior of the market.
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  • #10,226
  • Jul 9, 2018 7:25pm Jul 9, 2018 7:25pm
Quoting Oddbjorg
Hello 55-60% All the best Oddbj. {image} {image}
Silly question - what do the percentages you quote represent? Your take on the odds of a successful trade (hitting TP)? How do you determine that?
  • #10,227
  • Jul 9, 2018 8:07pm Jul 9, 2018 8:07pm
Just a quick question, on the very first post, the SMA setting is (5,0) but on the following posts, it's all (5,3).
Can some one shed some light or give a bit of context. Thanks.
  • #10,228
  • Edited Jul 10, 2018 3:56am Jul 9, 2018 9:32pm | Edited Jul 10, 2018 3:56am
Quoting oradba
{quote} Silly question - what do the percentages you quote represent? Your take on the odds of a successful trade (hitting TP)? How do you determine that?
Hello
Not silly at all.
Just a way to say how sure I am. Varies between 55- 65. Going through the points. Ref. Post 9583.
Very much comparing to Ghibli's charts.
All the best.
All the best to all of you. But don't follow me. I am a learner.
  • #10,229
  • Jul 9, 2018 9:36pm Jul 9, 2018 9:36pm
Quoting sixigs
Just a quick question, on the very first post, the SMA setting is (5,0) but on the following posts, it's all (5,3). Can some one shed some light or give a bit of context. Thanks.
Hello
Bk8 did start with 5,3 and changed it to 5,0 editing post 1.. And he added the point on sma was to point up/down. All the best.
All the best to all of you. But don't follow me. I am a learner.
  • #10,230
  • Jul 11, 2018 3:56pm Jul 11, 2018 3:56pm
Hello :-),

Current trades:

Attached Image (click to enlarge)
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Today I'll open short positions on GBPUSD, NZDUSD and long on EURCAD.

Regards,
D.
  • #10,231
  • Jul 11, 2018 4:17pm Jul 11, 2018 4:17pm
Quoting Oddbjorg
{quote} Hello Bk8 did start with 5,3 and changed it to 5,0 editing post 1.. And he added the point on sma was to point up/down. All the best.
Thanks Oddbjorg.
Do you feel this strategy works better on certain pairs?
  • #10,232
  • Jul 11, 2018 4:17pm Jul 11, 2018 4:17pm
Quoting damsx6
Hello :-), Current trades: {image} Today I'll open short positions on GBPUSD, NZDUSD and long on EURCAD. Regards, D.
When I look at the charts per the NY trading session, the five-period SMA on the three shorts seems pretty flat - only the long looked good. What made you decide to trade those shorts?
  • #10,233
  • Jul 11, 2018 4:33pm Jul 11, 2018 4:33pm
Hello guys,
Did you run the daily cross SCRIPT (here) after the change of broker day about 30 min ago?
This script gives those pairs that crossed the sma5 at today's open.
Then proceed to analyze which pairs to trade today.
Just my 2 cents,
RS
  • #10,234
  • Jul 11, 2018 4:36pm Jul 11, 2018 4:36pm
Today I took the following trades:

AUDUSD short
EURCAD long
GBPNZD long
NZDJPY long (mistake on my part, I hadn't noticed the spread was 11 pips (!)

Man, the spreads really widen after the NY session closes - USDCHF and EURCAD looked good, but also had 11 pip spreads (on OANDA).
Attached Image(s) (click to enlarge)
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  • #10,235
  • Jul 11, 2018 4:48pm Jul 11, 2018 4:48pm
Right after the day changes the spread widens, so I will mark the pairs to trade and wait a few hours at Tokyo open or more until Euro/London open. If you have time create M5 - H1 charts and check the PA and make entries at a pull back.
RS
  • #10,236
  • Jul 12, 2018 1:30am Jul 12, 2018 1:30am
Quoting oradba
Today I took the following trades: AUDUSD short EURCAD long GBPNZD long NZDJPY long (mistake on my part, I hadn't noticed the spread was 11 pips (!) Man, the spreads really widen after the NY session closes - USDCHF and EURCAD looked good, but also had 11 pip spreads (on OANDA). {image} {image} {image} {image}
please i want to know is that arrow indicator on the top right corner of your chart is used to filter false signal from the sma crossing.please can you share the arrow indicator on the top right corner...i see it has other time frame arrow on it as well.
  • #10,237
  • Jul 12, 2018 7:29am Jul 12, 2018 7:29am
Quoting dkarev
{quote} please i want to know is that arrow indicator on the top right corner of your chart is used to filter false signal from the sma crossing.please can you share the arrow indicator on the top right corner...i see it has other time frame arrow on it as well.
Here you go.
Attached File(s)
File Type: ex4 TMS 10EMA Dashboard.ex4   23 KB | 317 downloads
  • #10,238
  • Jul 12, 2018 9:43am Jul 12, 2018 9:43am
Quoting oradba
{quote} When I look at the charts per the NY trading session, the five-period SMA on the three shorts seems pretty flat - only the long looked good. What made you decide to trade those shorts?

Hello :-),

Please have a look at the charts. To be honest I am not sure that SMA is flat.

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#oradba

If I were you I would consider taking more profitable trades. I mean that your R:R should be minimum 1:1.
I also wanted to take AUDUSD but there is a strong support near and there can be a strong movement in opposite direction. But this is only my thoughts ;-)

Regards,
D.
  • #10,239
  • Jul 12, 2018 11:47am Jul 12, 2018 11:47am
Quoting oradba
{quote} Here you go. {file}
thankz
  • #10,240
  • Jul 12, 2018 7:37pm Jul 12, 2018 7:37pm
Hello
EA looks interresting. Sorry not able to place a chart.
Take care.

Oddbjorg.
All the best to all of you. But don't follow me. I am a learner.
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