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Simple H4 Mobile Trading System

  • #1,401
  • Nov 20, 2018 2:15am Nov 20, 2018 2:15am
Quoting Icebot53
Hello Guys, So just my two cents on this I have backtested visually a few charts and it seems that this strategy is really good. I have made the following modifications to the strategy however. I have added a 40 EMA. I only trade a BUY if the 30 EMA is above the 40 EMA. Vice Versa for the Sell. I also am a bit more aggresive in terms of my entry. I have added the following levels to my FIB. So for a buy trade: 1) Check for engulfing bullish engulfing candles above 30 EMA. 2) Ensure 30 EMA is above 40 EMA or about to cross 40 EMA (This can...
I think it sounds complicated. There are lots of ways to trade engulfing bars, for examples do a search here on Forex Factory, or on a web search engine. I like the HZS10 method because it is simple and moving the stop loss early and using the Fibonnacci tool as a measuring stick lend itself to a small screen system for mobiles. HZS10 also mentions taking 1 : 1 as a strategy. This keeps things simple and releases margin for new trades. I like that. Experienced traders know the frustration of managing trades and then seeing them turn to dust.

However, I can see you have put a lot of thought into your method and I can see what you are trying to do and this is valuable input. Having said that, I would be interested in hearing how it goes.
Gone to a better place
  • #1,402
  • Nov 20, 2018 2:16am Nov 20, 2018 2:16am
I did test a 50% retracement entry yesterday for a better r:r but the results were not good - it was on Eur/usd for the past 6 months.
Have not had time to test more.
  • #1,403
  • Nov 20, 2018 2:19am Nov 20, 2018 2:19am
Quoting smikester
{quote} I think it sounds complicated. There are lots of ways to trade engulfing bars, for examples do a search here on Forex Factory, or on a web search engine. I like the HZS10 method because it is simple and moving the stop loss early and using the Fibonnacci tool as a measuring stick lend itself to a small screen system for mobiles. HZS10 also mentions taking 1 : 1 as a strategy. This keeps things simple and releases margin for new trades. I like that. Experienced traders know the frustration of managing trades and then seeing them turn to dust....
I agree, I do not want to setp on the OP's toes. I really respect her for sharing this strategy and I understand wanting to keep it simple. Each to their own. As long as we are all making money at the end of the day.
I am still a NOOB!!! Damn, there goes another 10 pips!
  • #1,404
  • Nov 20, 2018 2:27am Nov 20, 2018 2:27am
Quoting josephkee
{quote} Icebot53, this thread is now almost international as we have AFrican country as well. Thanks but I am lost on item 5 onwards. But you need not explain. I am very interested in the ema40 which means the price must be above both ema 30 and 40 and enter after confirmed bar. I guess item 5 onwards is really optional.
The reason why I added the EMA 40 is this:

I visually backtested on the USDCAD chart H4. it almost formed an engulfing candle with a lot of momentum to the downside. However, GREEN EMA (30) is still above BLUE EMA (40) and hence I would not sell on that candle. I know it did not form a proper bearish engulfing, but some traders might take that. Try the EMA (40) if you want and see. It helped me in quite a bit of backtesting. Now to look to the future and see what happens.
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I am still a NOOB!!! Damn, there goes another 10 pips!
  • #1,405
  • Nov 20, 2018 2:28am Nov 20, 2018 2:28am
Thank you all for your input. Unfortunately we have not heard from the author herself for some time. What we lack here is someone to take up the leadership so that it does not deviate into a monster.

I guess we can keep it as simple as it is when it got started. So guys, confirmation bar or not it is up to you. Only an handful of you think confirmation bar is important but it mess up the R:R ratio. As to Icebot idea, it sounds complicating for new comers on what is buy limit and what is buy stop. You must agree this jargons are not easy for new comers. But we thank him for his input. His idea that ema 40 must be above ema30 to take a valid bearish EB is really interesting and I think it makes a lot of sense. Its another filter perhaps.

But I am happy that this thread has for now being very polite in all your replies. Please keep it that way as I do not want anyone to go into a depression when cyber bullied.

Thank you all.We would like to hear more from Trinquete, Vince and nelson 123 and those who so far has been profitable. Their method is working albeit some filter which may prevent us from understanding. So whoever wants to contribute you are welcome just that you must understand that you need to keep it real simple.
thank you once again
  • #1,406
  • Nov 20, 2018 3:23am Nov 20, 2018 3:23am
This are my current trade notice the NZDusd and USDYEN are repeated as I was presented twice EB along the same trend. So my purpose is to make the best of it. I guess its proving ok for me right now. Waiting for TP
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  • #1,407
  • Nov 20, 2018 3:55am Nov 20, 2018 3:55am
+70 pips on gpnzd
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  • #1,408
  • Nov 20, 2018 5:04am Nov 20, 2018 5:04am
Just take this one from my celphone, and Mark my strategy.

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  • #1,409
  • Nov 20, 2018 5:06am Nov 20, 2018 5:06am
Quoting Trinquete
Just take this one from my celphone, and Mark my strategy. {image}
Hi Trinquete
You mean you entered short already with0ut the ber bar under ema 30?
  • #1,410
  • Nov 20, 2018 5:07am Nov 20, 2018 5:07am
Quoting fxlrich
+70 pips on gpnzd {image}
fxirich
is there any special things you do for your trades?
  • #1,411
  • Nov 20, 2018 5:07am Nov 20, 2018 5:07am
And this one

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  • #1,412
  • Nov 20, 2018 5:16am Nov 20, 2018 5:16am
yes, this kind of setup, is provide for the trend change, and that Always be above or below EMA.
Quoting josephkee
{quote} Hi Trinquete You mean you entered short already with0ut the ber bar under ema 30?
  • #1,413
  • Edited 6:08am Nov 20, 2018 5:52am | Edited 6:08am
Folks remember i

if your strategy is not part of the rules of hzs10, don't mentioned it here otherwise it confuses.

thanks

Joseph
  • #1,414
  • Nov 20, 2018 5:52am Nov 20, 2018 5:52am
Quoting Trinquete
Just take this one from my celphone, and Mark my strategy. {image}
Hello Mate

How you know it gonna be and define it is LH? Just because the rejection candle?
  • #1,415
  • Nov 20, 2018 6:10am Nov 20, 2018 6:10am
Quoting ahgang
{quote} Hello Mate How you know it gonna be and define it is LH? Just because the rejection candle?
Yes, like the engulfing candle
  • #1,416
  • Nov 20, 2018 6:24am Nov 20, 2018 6:24am
Hello Mates

Till date, my account was up 11% from beginning of month. Thanks to hz10 for this wonderful stratergy. This is not the quick rich stratergy but slowly, you can get what you want from forex market.

Been trying to find out most simple way to trade the market, unfortunately, too many people trying to complicated the market, till i found this thread and now i think i found the way suitable to me, which is no brainder stratergy.

Finger Crossed.
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  • #1,417
  • Nov 20, 2018 6:38am Nov 20, 2018 6:38am
Quoting josephkee
{quote} fxirich is there any special things you do for your trades?
nope just following the rules of the original post, bearish engulfing bar below 30ema = sell. and since i have already back tested gbpnzd i know there's a 64% chance its going to hit my tp
  • #1,418
  • Nov 20, 2018 6:42am Nov 20, 2018 6:42am
Quoting fxlrich
{quote} nope just following the rules of the original post, bearish engulfing bar below 30ema = sell. and since i have already back tested gbpnzd i know there's a 64% chance its going to hit my tp
Hello Mate

I took the same trade exactly, too bad it was BE as my SL wider than yours.

Good trade BTW.
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  • #1,419
  • Nov 20, 2018 6:44am Nov 20, 2018 6:44am
Quoting josephkee
Folks remember i if your strategy is not part of the rules of hzs10, don't mentioned it here otherwise it confuses. thanks Joseph
Totally agree...
If there is additional rules, pls tell us. Im already half confuse

My current trade
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Okay... sorry about my messed up English Tenses
  • #1,420
  • Nov 20, 2018 6:53am Nov 20, 2018 6:53am
Quoting reisai
{quote} Totally agree... If there is additional rules, pls tell us. Im already half confuse My current trade {image}
Same here has two USDYEN position waiting for TP.
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