Rules 1. Add EMA 30 to chart 2. Follow the trend 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. 4. Use Finbonacci to determine SL and TP
Does your content do any help to this thread?Does anyone not know why u saying? So does it necessary for you to spent those minutes typing that. If not read post #2 over and over again. Tyvm
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Yes the content will help those with stars in their eyes. Those naïve enough to believe your rules (above) in their current form, will make a long-term profitable system. You yourself have not yet figured that out. In time you will.
Btw, don’t be so quick to cut people off that disagree with you. Allow full and uncensored discussion. It is the only means by which your rules have a chance of developing into a trading strategy.
I can't speak for the 4hr charts but the daily charts I tested manually gave high win rates, I am currently forward testing the daily charts that gave a win percentage of 65% or higher. I have and HZS10 has said that the forward tests still need to show if the low risk/reward ratio out-weighs the win rate.
In my opinion the nay-sayers should stand aside, shut up and let us get on with our live forward tests.
We'll let you know!!!
Chris
We have to respect the wishes of the owner and apply her strategy to improve it with the PA and not incorporating indicators that mess up the graphics. who does not like MUST to look for another thread and make his trading quiet. Í don't think it is a strategy without a good profit, I occupy it with the price action HH HL and LL LH and I am doing very well until now. Here the discussion has to go to another point that is to share the strategy and not criticize something that can be useful to people who are newly incorporated.
Those naïve enough to believe your rules (above) in their current form, will make a long-term profitable system. You yourself have not yet figured that out. In time you will. Btw, don’t be so quick to cut people off that disagree with you. Allow full and uncensored discussion. It is the only means by which your rules have a chance of developing into a trading strategy.
Good morning folks,
This strategy started by hzs10 has its merit and lets not sent it into an early grave. Just for information, there is another thread in ff currently into its second year and has 10 thousand post as of this morning. It uses similar moving average cross over although it does not use engulfing bar as a trigger. It is just cross and if ma is downward pointing, enter short. My point is just this. If hzs10 strategy is very similar to this 10 thousand post thread strategy, there must surely be some substance to keep it alive for some time before we draw any conclusion. Having said that, in my humble opinion, our strategy could have room to just deviate a little with a confirmation after seeing the engulfing bar. For some of us who uses candlestick, you would surely agree that you do not simply enter after seeing a pin bar at support. You need to see confirmation. You need to see a follow-up. Its the same as seeing an engulfing bar. We are anticipating (not a reversal) but a continuation of the trend. It would perhaps be prudent to say we need to see the next bar after the engulfing to close above or below the engulfing depending on whether it is a buy or sell. In my earlier post 761, I did not enter when the next 4 hr bar did not close above the engulfing. I was right, the price have since came down. But this is just my one example and I may not be right always with this tweak. Only time will tell. So can we just move on and be encouraged with some positive comments? Isnt this why we are here in the first place?
Rules 1. Add EMA 30 to chart 2. Follow the trend 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. 4. Use Finbonacci to determine SL and TP {quote} It's about time someone give an alternative view to this "strategy". Without such discussions people will waste time and money. {quote} Yes the content will help those with stars in their eyes. Those naïve enough to believe your rules (above) in their current form, will make a long-term profitable system....
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I have been very transparent since first post and accept all comment if only for people who have tested the strategy and not some “experience” trader who tell me how many years of trading experience they have. If you dont under simple english in post #2, maybe you can go brush up your english first
Good one DJsignal. As you can see there was a confirmation bearish that close below the low of the bearish engulfing, just before the bull bar. After the confirmation, the price dropped with one big bear. Coincidence? Maybe
Good one DJsignal. As you can see there was a confirmation bearish that close below the low of the bearish engulfing, just before the bull bar. After the confirmation, the price dropped with one big bear. Coincidence? Maybe
Rules 1. Add EMA 30 to chart 2. Follow the trend 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. 4. Use Finbonacci to determine SL and TP {quote} It's about time someone give an alternative view to this "strategy". Without such discussions people will waste time and money. {quote} Yes the content will help those with stars in their eyes. Those naïve enough to believe your rules (above) in their current form, will make a long-term profitable system....
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What I wonder, is why belief someone who posts just simply: it doesn’t work... no data, no exact rules used, no numbers....if one tested the strategy, manual or automated, there would/should be data to share...
and you don’t ‘believe’ the one who started the topic and shared all kind of info..
@hzs10 I read earlier post that you are trading start from 1 pm - 1 am. I wonder if there is a signal outside your trading time, would you take it? Regards, Tom
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Most of the time there isnt. 5am i am sleeping so I wont. 9am if i saw set up and there is a retracement i would. If too far from previous closed candle. Then I would skip. Most of the time there isnt any set up
First of all Hats off to hzs10 for giving us a wonderful strategy.
Account : Live
Broker : Oanda Singapore
Broker Time : New York Close
Trading Time : 9 am to 9 pm Singapore Time
Lot Size : 500 units. Approximately 1 - 1.5% risk per trade
I had attached account statement for two accounts.
These are my running trades and monthly returns.
out come is wonderful.
what i did : Just follow the instruction in Page 1, additionally i included MACD for my convenience for entry and exit.
{quote} Most of the time there isnt. 5am i am sleeping so I wont. 9am if i saw set up and there is a retracement i would. If too far from previous closed candle. Then I would skip. Most of the time there isnt any set up
Hi All, First of all Hats off to hzs10 for giving us a wonderful strategy. Account : Live Broker : Oanda Singapore Broker Time : New York Close Trading Time : 9 am to 9 pm Singapore Time Lot Size : 500 units. Approximately 1 - 1.5% risk per trade I had attached account statement for two accounts. These are my running trades and monthly returns. out come is wonderful. what i did : Just follow the instruction in Page 1, additionally i included MACD for my convenience for entry and exit. Thanks and have a wonderful day, Karun {image} {image} {image}...
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Just trying to understand. Your data are based strictly on hzs10 strategy?
