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Simple H4 Mobile Trading System

  • #761
  • Oct 24, 2018 10:57pm Oct 24, 2018 10:57pm
Quoting josephkee
o Morning and greetings from Singapore. Have been looking at this thread and fully agree it's an interesting strategy. Thanks to hzs10. I have audnzd here and will trigger after this 4 hour if it close above the green engulfing bar. Thanks folks {image}
In my opinion, it too late if we entry with wait next candle to broke that engulfing candle.
  • #762
  • Oct 25, 2018 12:01am Oct 25, 2018 12:01am
Quoting Detto
My USDJPY didn't notify me and its a clear Long Agetrader, by the way thanks for your work.

Apologies Agetrader my mistake I still had the V1 running, all updated now to V1.02 and working well.
  • #763
  • Oct 25, 2018 12:53am Oct 25, 2018 12:53am
Im curious about adding 30 EMA can really filtering bad trade?

What about 50 EMA or 20 EMA?

Im worried about risk of ruin that applied to this system.

https://2ndskiesforex.com/trading-st...u-should-know/

Im sorry hzs10, i dont want to confusing others, maybe i can get some answer.
Since you talk about win and loss ratio, so we must concerned about risk of ruin.
  • #764
  • Oct 25, 2018 2:41am Oct 25, 2018 2:41am
Quoting DJsignals
Still "red" in sum. -88 usd {image}
@hzs10

What your opinion about this?

Base on this result of 9 trade is 5 loss, 4 win, so its 44% win rate.
Let said we are using 2% risk per trade, with 44% win rate, and aiming 1:1 per trade,
according to the table at that website, we are facing risk of ruin at 100% rate.
So we need rise TP to 300% not 200% to avoid risk of ruin.

https://2ndskiesforex.com/trading-st...u-should-know/
  • #765
  • Oct 25, 2018 2:45am Oct 25, 2018 2:45am
@hzs10

And how about if we are facing losing strike, and win rate drop to 30%?
I think we need rise TP to 300-500%.
So risk of ruin handled at 0%-1%.
What do you think?
  • #766
  • Oct 25, 2018 2:51am Oct 25, 2018 2:51am
Hello,

I am new and very interested in the strategy. But i have some questions.
1 Where can i get the fibonacci that gives the exact price levels for SL and TP etc.
2 I have been reading for a few months now on FF and what the most common thing is to learn price action.
Where and how can i learn the best price action?

I hope to get some answers. Thank you all for helping the strategy and for acknowleding my questions.

Kind regards
  • #767
  • Oct 25, 2018 2:54am Oct 25, 2018 2:54am
Quoting DJsignals
@hzs10 And how about if we are facing losing strike, and win rate drop to 30%? I think we need rise TP to 300-500%. So risk of ruin handled at 0%-1%. What do you think?
You can’t base a win rate on 9(!!) trades... plus... you mentioned that you enter early (or intended to), then a backtest of 9 trades is useless. My personal backtests need at least 50 trades on the same pair and always following the rules exactly...
  • #768
  • Oct 25, 2018 2:55am Oct 25, 2018 2:55am
@hzs10

Im not tried to telling you what you must to do.
But just want to discussed about this matter, since i think its important,
Im really interested in this system, im traded this with my real account.
Hope we can disscussed here and also with others members.
  • #769
  • Oct 25, 2018 2:58am Oct 25, 2018 2:58am
Quoting Tradingmom
{quote} You can’t base a win rate on 9(!!) trades... plus... you mentioned that you enter early (or intended to), then a backtest of 9 trades is useless. My personal backtests need at least 50 trades on the same pair and always following the rules exactly...
Yup im very agreed to you, 9 trade not good sample, we need atleast 100 trades.
Im just worried about this risk of ruin matters.
And tried to open disscused about this.

Note:
I never enter trades early, if you check my trades screenshot, the trades taken after engulfing candle is closed.
  • #770
  • Oct 25, 2018 2:59am Oct 25, 2018 2:59am
I post 2 next possible setup. And if i'll go with wrong setup please tell me.

Attached Image (click to enlarge)
Click to Enlarge Name: CADCHF.JPG Size: 79 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.JPG Size: 77 KB
  • #771
  • Oct 25, 2018 3:02am Oct 25, 2018 3:02am
Quoting tomdachi
I post 2 next possible setup. And if i'll go with wrong setup please tell me. {image} {image}
for me, its looks good, trade must taken after engulfing candle is closed, which is 1 hour next.
  • #772
  • Oct 25, 2018 3:11am Oct 25, 2018 3:11am
Quoting DJsignals
{quote} for me, its looks good, trade must taken after engulfing candle is closed, which is 1 hour next.
Glad we are on the same page. Yeah i'll post every possible setup to make sure if we are all on the same page.

Regards,
Tom
  • #773
  • Oct 25, 2018 3:12am Oct 25, 2018 3:12am
Quoting tomdachi
{quote} Glad we are on the same page. Yeah i'll post every possible setup to make sure if we are all on the same page. Regards, Tom
yup agreed, more post, more we learn.

Regards,
DJ.
  • #774
  • Oct 25, 2018 3:29am Oct 25, 2018 3:29am
Quoting DJsignals
{quote} for me, its looks good, trade must taken after engulfing candle is closed, which is 1 hour next.
I agree on the EURUSD. But I’m not to sure about the CADCHF... for if a pair is in trend I need a impulse leg, retracement and a new structure high... CADCHF seems to be consolidated :-)
  • #775
  • Oct 25, 2018 3:36am Oct 25, 2018 3:36am
Quoting DJsignals
{quote} Yup im very agreed to you, 9 trade not good sample, we need atleast 100 trades. Im just worried about this risk of ruin matters. And tried to open disscused about this. Note: I never enter trades early, if you check my trades screenshot, the trades taken after engulfing candle is closed.
Ah good, my mistake! Did you take in consideration that after hitting the 150 fib level, the trades should be put to break even..? That changes a bit on the r:r
side :-). Risk of ruin is, imo also a very personal thing, because we all read a price chart differently and have different views on trend...
  • #776
  • Oct 25, 2018 3:39am Oct 25, 2018 3:39am
Quoting Tradingmom
{quote} I agree on the EURUSD. But I’m not to sure about the CADCHF... for if a pair is in trend I need a impulse leg, retracement and a new structure high... CADCHF seems to be consolidated :-)
If we talk only trade rules by hzs10, so that is valid setup.
But if we look at previous candle, there are mother candle formation.
Mother candle formation is consolidating area that need to break so the trade can be take.
Attached Image
  • #777
  • Oct 25, 2018 3:40am Oct 25, 2018 3:40am
Quoting tomdachi
I post 2 next possible setup. And if i'll go with wrong setup please tell me. {image} {image}
eurcad and usdchf also possible setups
  • #778
  • Oct 25, 2018 3:43am Oct 25, 2018 3:43am
Quoting Tradingmom
{quote} Ah good, my mistake! Did you take in consideration that after hitting the 150 fib level, the trades should be put to break even..? That changes a bit on the r:r side :-). Risk of ruin is, imo also a very personal thing, because we all read a price chart differently and have different views on trend...
As hzs10 rules, after hitting 150% we must switch SL to 100% not BE.
And about risk of ruin, its very confusing right now, for me, need hzs10 to reply about this matter.
  • #779
  • Edited 8:44pm Oct 25, 2018 3:44am | Edited 8:44pm
Quoting syedtaimur
{quote} eurcad and usdchf also possible setups
Awesome, i have that pairs on my watchlist too. As Eurcad not too clear form an engulfing and Usdchf i still have my trade opened from yesterday setup.

Regards,
Tom

Updated:

With small SL. Hit SL -11 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 91 KB


Yesterday setup still opened only adjust SL. Hit TP 35 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.jpg Size: 91 KB


Hit SL -22 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: cadchf.jpg Size: 88 KB
  • #780
  • Oct 25, 2018 4:54am Oct 25, 2018 4:54am
Quoting DJsignals
{quote} As hzs10 rules, after hitting 150% we must switch SL to 100% not BE. And about risk of ruin, its very confusing right now, for me, need hzs10 to reply about this matter.
Depending on the close of the engulfing candle or my entry, the 100% can be BE ;-)
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