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Monthly Profit - Daily Trading using SMA

  • #10,301
  • Sep 2, 2018 10:37am Sep 2, 2018 10:37am
Hello
From post 10300
NzdYpy - Moving sl and let it go south for yet a while
Attached Images
All the best to all of you. But don't follow me. I am a learner.
  • #10,302
  • Sep 2, 2018 10:41am Sep 2, 2018 10:41am
From 10300
AUDJPY - Moving SL and see if it can go down one more candle
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All the best to all of you. But don't follow me. I am a learner.
  • #10,303
  • Sep 2, 2018 10:49am Sep 2, 2018 10:49am
We could consider Eur- pairs, USD- pairs and Jpy- pairs, but no - at this time I will hessitate with it.
Will maybe change my mind later.
All the best to all of you- Remeber to take care - do not follow me - I'm just communicating.
Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
  • #10,304
  • Sep 2, 2018 12:54pm Sep 2, 2018 12:54pm
I think is time for EUR/USD - short.

And I have one question.

Do you think the risk management of this strategy is making profit longterm ?

I made some backtesting and the profit is minimum or nothing. Please tell me your opinion.

All the best
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 54 KB
Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #10,305
  • Edited 4:38pm Sep 2, 2018 1:11pm | Edited 4:38pm
Quoting Kodzhamanov
I think is time for EUR/USD - short. And I have one question. Do you think the risk management of this strategy is making profit longterm ? I made some backtesting and the profit is minimum or nothing. Please tell me your opinion. All the best {image}
Hello
All I can say is the system works. But I am so conservative and cautious, so I must be rather sure.
To utilize the concept with sl I am not good in. So really I hope some prof can help.
All the best to all of you. But don't follow me. I am a learner.
  • #10,306
  • Sep 2, 2018 1:22pm Sep 2, 2018 1:22pm
Quoting Oddbjorg
{quote} Hello All I can say is the system works. But I am so conservative and catous, so I must be rather sure. To utilize the concept with sl I am not good in. So really I hope some prof can help.

When I made backtesting I receive 50-60% successful trades, but less than 1:1 Risk-Reward. What are your results ?

I just want to correct my trading if I am wrong
Dreams don't work unless you do
RealDeal All Time Return: -73.9%
  • #10,307
  • Sep 2, 2018 5:42pm Sep 2, 2018 5:42pm
Quoting Kodzhamanov
{quote} When I made backtesting I receive 50-60% successful trades, but less than 1:1 Risk-Reward. What are your results ? I just want to correct my trading if I am wrong
Hello
I am not good at talking about technical details. I have profit if I am conservative.
Example how the system worked with EUR USD
I go in after two candles.
Last uptrend after 2 candles did last for 200 pips profit and more.
This is all I can explain - I know not good at it.
Hopefully the profs will come around and tell.

All the best.
Attached Image
All the best to all of you. But don't follow me. I am a learner.
  • #10,308
  • Sep 2, 2018 10:49pm Sep 2, 2018 10:49pm
I agree, EU looks like a good setup based on page 1 rules.

Attached Image
  • #10,309
  • Sep 3, 2018 12:05pm Sep 3, 2018 12:05pm
Quoting Ivanyo
I agree, EU looks like a good setup based on page 1 rules. {image}
Its SMA 5 with Shift 3
  • #10,310
  • Sep 3, 2018 6:12pm Sep 3, 2018 6:12pm
Quoting pablohcura
{quote} Its SMA 5 with Shift 3
Hello
BK8 made a change in the system after some posts to that sma should be 5,0.
All the best.
Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
  • #10,311
  • Sep 3, 2018 6:28pm Sep 3, 2018 6:28pm
Quoting Oddbjorg
{quote} Hello BK8 made a change in the system after some posts to that sma should be 5,0. All the best. Oddbjørg
Oh!! I don’t know. Sorry
you compare both??
  • #10,312
  • Sep 3, 2018 7:51pm Sep 3, 2018 7:51pm
Quoting pablohcura
{quote} Oh!! I don’t know. Sorry you compare both??
no
All the best to all of you. But don't follow me. I am a learner.
  • #10,313
  • Sep 4, 2018 4:59am Sep 4, 2018 4:59am
Hello
Looks like NzdUSD is going bring some more pips - going south.
Take care though - keep an eye on it - its close to lower BB
Attached Image (click to enlarge)
Click to Enlarge Name: nu.PNG Size: 85 KB
All the best to all of you. But don't follow me. I am a learner.
  • #10,314
  • Sep 4, 2018 7:41am Sep 4, 2018 7:41am
Oddbjorg - sma should be 5,0. BB is optional

Please advise your entry strategy.....Are you waiting for SMA 5 to cross Mid BB Line also or do you enter the trade as soon as the candle close below/above the 5SMA. Does the Mid BB line effect any entries?
  • #10,315
  • Sep 4, 2018 11:19am Sep 4, 2018 11:19am
Quoting Arabier
Oddbjorg - sma should be 5,0. BB is optional Please advise your entry strategy.....Are you waiting for SMA 5 to cross Mid BB Line also or do you enter the trade as soon as the candle close below/above the 5SMA. Does the Mid BB line effect any entries?
Hello Arabier
Sma doesn't have to cross midbb, but shall point south. A candle doesnt need to go under/over but if it breaks the mid which really is a sma 20, and works as resistance, so it is often helping the process to run on.
All the best to all of you. But don't follow me. I am a learner.
  • #10,316
  • Sep 9, 2018 7:22pm Sep 9, 2018 7:22pm
Hello
Interresting pair today. -
Is this a new southgoing start? It might be on the point to tell us.
All the best and take care.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.GIF Size: 44 KB
All the best to all of you. But don't follow me. I am a learner.
  • #10,317
  • Sep 10, 2018 3:02pm Sep 10, 2018 3:02pm
Hi Oddbjorg!

Thank you for almost single-handedly keeping this valuable thread alive. Your posts with a traditional chart screen vs the smartphone view makes it much easier to see the setups and is greatly appreciated. Please keep up the good work!

Blessings,
BC2
  • #10,318
  • Sep 10, 2018 3:33pm Sep 10, 2018 3:33pm
Quoting Bobcat2
Hi Oddbjorg! Thank you for almost single-handedly keeping this valuable thread alive. Your posts with a traditional chart screen vs the smartphone view makes it much easier to see the setups and is greatly appreciated. Please keep up the good work! Blessings, BC2
Thanks
All the best to all of you. But don't follow me. I am a learner.
  • #10,319
  • Sep 12, 2018 7:20am Sep 12, 2018 7:20am
I have been testing this strat for a while but still have difficulties in where to place my SL to get a good risk/reward relationship - any suggestions ?

Cheers
  • #10,320
  • Sep 13, 2018 12:40pm Sep 13, 2018 12:40pm
Hi Oddbjorg,

After BK8 is long gone, you have been holding the fort single handedly and congrats for that. I am just curious about your results from this system. Are you overall profitable using this system since you have been using for quite some time? Thanks.

FX_California
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