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Simple H4 Mobile Trading System

  • #61
  • Oct 8, 2018 7:33am Oct 8, 2018 7:33am
Quoting syedtaimur
{quote} this is not the trade according to the strategy, strategy is to take trade only on engulfing candles, please read the first page again

It maybe not perfect engulfing candle , but still kind of and it’s under 30 Ema . If you see the chart you will find alot of possible trade like this one .
  • #62
  • Oct 8, 2018 7:41am Oct 8, 2018 7:41am
Mobile device MT is less powerfull.
Using virtual desktop and remoting it from mobile, it will be more efficient, and you can use more indices it means more technique.
Nice thread, i can share my trick you guys.
Profit growth tells you the trader ability.
  • #63
  • Oct 8, 2018 7:45am Oct 8, 2018 7:45am
Quoting voketexpert
Mobile device MT is less powerfull. Using virtual desktop and remoting it from mobile, it will be more efficient, and you can use more indices it means more technique. Nice thread, i can share my trick you guys.
Have tried this, but there is some lag to deal with also a little hard controlling the mouse cursor.

which Remote Desktop have you used?
i used the chrome Remote Desktop and just found the mouse cursor lagging and a pain..

The simplicity of this system doesn’t require much for the mobile app anyway..
  • #64
  • Oct 8, 2018 7:51am Oct 8, 2018 7:51am
Good on you. KISS always rules.

I can tell you now that imo you will be well pleased at the end of your year, I've used many variants on this over a whole lot of years.

Also, good on you for finding a way to trade on your phone - I tried it a couple of times, once by choice, once by necessity, both times near drove me nuts, lol.
  • #65
  • Oct 8, 2018 7:53am Oct 8, 2018 7:53am
first TP is about to hit
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  • #66
  • Oct 8, 2018 8:14am Oct 8, 2018 8:14am
Quoting syedtaimur
first TP is about to hit {image}
Nice one! I missed this one
  • #67
  • Oct 8, 2018 8:15am Oct 8, 2018 8:15am
TP hit +91pips
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  • #68
  • Oct 8, 2018 8:21am Oct 8, 2018 8:21am
Quoting Forygy
you are trading on exotics also and high spread pairs @hzs10 which broker you are using if you like to tell
I only trade USDSGD bc i am in SG. The spread is only 3pips. I am using an off-shore broker which was recommend by my previous “mentor”
  • #69
  • Oct 8, 2018 8:31am Oct 8, 2018 8:31am
hzs10, thank you for your time and effort in sharing your method. It is appreciated. Cheers!
  • #70
  • Oct 8, 2018 8:31am Oct 8, 2018 8:31am
Quoting lemercenaire
Good on you. KISS always rules. I can tell you now that imo you will be well pleased at the end of your year, I've used many variants on this over a whole lot of years. Also, good on you for finding a way to trade on your phone - I tried it a couple of times, once by choice, once by necessity, both times near drove me nuts, lol.

Is difficult on the Phone thats for sure!!!

Just doesn't feel the same not being able to flip through the charts as quickly

And it would be nice to be able to setup an auto BE level atleast or an alert just on the App
  • #71
  • Edited 10:08am Oct 8, 2018 9:05am | Edited 10:08am
Hi hzs10,

here is a nice one:

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  • #72
  • Oct 8, 2018 10:34am Oct 8, 2018 10:34am
Quoting hzs10
{quote} This my engulf definition. I focus more on high low. The body sometimes may be not as perfect. But high and low of current bar need to create a higher high and lower low than previous bar {image}
thanks, fully engulfed it is !!!
  • #73
  • Oct 8, 2018 10:52am Oct 8, 2018 10:52am
Thanka for yourbnice method
  • #74
  • Oct 8, 2018 12:35pm Oct 8, 2018 12:35pm
Quoting hzs10
{quote} Nothing to shame of. I wouldnt make FX a chore to me. Besides, the spread is higher for daily open bar, so it doesnt make sense to me.
Its a shame im not in Singapore and you can teach me how to trade
  • #75
  • Oct 8, 2018 12:38pm Oct 8, 2018 12:38pm
Seriously though seems like a good EA that worked to the rules would be great for this and possible..

https://www.forexfactory.com/showthread.php?t=166758

Maybe ask in here...
  • #76
  • Oct 8, 2018 12:40pm Oct 8, 2018 12:40pm
Quoting Emerald2112
Seriously though seems like a good EA that worked to the rules would be great for this and possible.. https://www.forexfactory.com/showthread.php?t=166758 Maybe ask in here...
All you would need is the EA to open the trades for you and then fairly easy to manage them yourself
  • #77
  • Edited 7:20pm Oct 8, 2018 5:52pm | Edited 7:20pm
These results (for those who didn't read the journal thread) are opened at the high/low of engulfing candle and TP is 150 fib. Daily charts

Here is an updated list ( I would suggest trading with pairs 65% or more)
Concerning my earlier post regarding the fact that if an additional setup occurs during a trade of the same direction you can double (or more) the position size...Over 100s of trades across several pairs I have seen only 2 that did not work out.

XAUUSD 76% over 21 trades in 3 years
EURGPB 75% over 35 trades in 4 years
GBPUSD 50% over 24 trades in 3 years
USDJPY 81% over 27 trades in 5 years
USDCAD 77% over 80 trades in 5 years
WTI 65% over 29 trades in 4 years
CHFJPY 79% over 38 trades in 2 years
USDCHF 72% over 25 trades in 2 years
EURUSD 80% over 18 trades in 1 year
GBPCHF 60% over 63 trades in 3 years
AUDUSD 65% over 61 trades in 3 years
USDSGD 69% 0ver 43 trades in 5 years
GBPJPY 67% over 52 trades in 3 years
GBPNZD 74% over 75 trades in 3 years
USDZAR 70% over 30 trades in 5 years
AUDCHF 78% over 101 trades in 5 years
NZDUSD 80% over 41 trades in 2 years
NZDJPY 70% over 79 trades in 5 years
  • #78
  • Edited 9:38pm Oct 8, 2018 9:16pm | Edited 9:38pm
So we are basically talking about 3 different systems here... Yes?

Op =
1.30ema/on H4 chart
2. Follow trend ( so if price is above the ema we are only placing buys, and if price is below the ema- we are only placing sells)
3. We are basically looking for a outside bar..Most recent closed bar has a high, higher then the prev closed bars high and a low, lower then the prev bars low.
4. Place trade according to trend of 30ema/price...
(We can place a sell even if the candle on the most recent bar is green but we are under the 30ema)
example =https://www.forexfactory.com/attachm...1&d=1538640240
5. We open the trade at the Open of the candle after the outside bar is formed.
(OPs rules = 3. Long at next open bar when Bullish Engulf bar is formed above EMA30, and short at next open bar when Bearish Enguld bar is formed below EMA 30.)
5. We TP @ 200 fibo (which is 1-1 r/r. So the size of the outside candle(most recent closed) is the size we are going for tp.)
6. SL=the high of outside bar(if a sell) or the Low of the outside bar if a buy.

syedtaimur is using the same as op but a different entry
1. 30ema/H4 chart
2. Outside bar is formed.
3 take buy trade when the high of the outside bars candle is broken by currently open candle
or Sell when we break the low of the outside bars candle is broken
(both depending on relation to ema and price)
4. take tp at 1/1 of size of outside bar(200fib).(move to break even When at 150fib or .5 of original outside bar size)


cfudge
1. 30ema/day chart(not 4hr like op)
2. (for a buy) price above ema/last closed candle is a outside bar.. We take trade @ break of high of prev bar(outside bars high)..
(for sell) price below ema/last closed candle is a outside bar... We take trade @ break of low of prev bar(outside bars low)..
3 we tp trade @ 150fib or .5 the size of the orginal outside bars size..
4 we SL trade @ 0 fib (for sell its the high of the outside signal bar, for buy its the low of outside signal bar)


scratching head--just not sure what the system is here..
  • #79
  • Oct 8, 2018 9:41pm Oct 8, 2018 9:41pm
Quoting mtbb
Hmmm Ok im a bit confused.. Seems like there are 3 methods going on here.. Op = 1.30ema/on H4 chart 2. Follow trend ( so if price is above the ema we are only placing buys, and if price is below the ema- we are only placing sells) 3. We are basically looking for a outside bar..Most recent closed bar has a high, higher then the prev closed bars high and a low, lower then the prev bars low. 4. Place trade according to trend of 30ema/price... (We can place a sell even if the candle on the most recent bar is green but we are under the 30ema) example...
hi mtbb,

go to https://www.forexfactory.com/showthread.php?t=824888 journal, find the indicator of cfudge, follow the parameters...
note: cfudge setup are on daily bar...

for hzs10 set is 4h and the rules is simple...
"bad trades at times do happen even when the set up are good"
  • #80
  • Oct 8, 2018 9:44pm Oct 8, 2018 9:44pm
GBPNZD

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"bad trades at times do happen even when the set up are good"
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