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Simple H4 Mobile Trading System

  • #1,501
  • Nov 22, 2018 9:58pm Nov 22, 2018 9:58pm
Thanks for the tip

So some kind of discretion needs to be applied yes?

If you would share, I would like to learn how you came to the conclusion on not to trade GBP pairs for now...or any other currencies for that matter when the situation arises.

I also see fractal indicator there if im not mistaken. Do you use them to spot market structure? I.e. The uptrends and downtrends.

Thank you in advance!
Entities should not be multiplied without necessity - Occam's razor
  • #1,502
  • Nov 22, 2018 10:45pm Nov 22, 2018 10:45pm
its pretty hard right now to predict GBP pair with every breaking news about Brexit, except it you were a long term trader.
but ill keep trading GBP using this strategy..

@frosty85
if u intended to test this strategy, u better use a fixed lot size. if not, its hard to tell if u in profit or not...

btw CADJPY hit SL
current trade USDJPY n AUDJPY, 8 wins 6 loses.. still in profit +97.8 pips

most of the pair was ranging this week
Okay... sorry about my messed up English Tenses
  • #1,503
  • Nov 22, 2018 11:10pm Nov 22, 2018 11:10pm
Quoting ranilo.vince
3 positions running right now for today.. Will lookout for CAD news later as well.. {image} {image} {image}
vince bro, as i am not a Metatrader user, i couldnt really understand your screenshot.
If you do not mind, could you write out your system or any deviation from the Original trading method?
Thanks in advance
  • #1,504
  • Nov 23, 2018 1:17am Nov 23, 2018 1:17am
Quoting ranilo.vince
3 positions running right now for today.. Will lookout for CAD news later as well.. {image} {image} {image}
Closed UJ and AJ manually for a profit to focus more later on CAD news...

While switched bias on Gold from Long to Short since there's a nice 4H engulfing candle that has been printed for more possible downside confirmation...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.png Size: 242 KB
Click to Enlarge Name: 2.png Size: 155 KB
We're not here to be right, we're here to Profit Consistently!
  • #1,505
  • Nov 23, 2018 1:21am Nov 23, 2018 1:21am
Quoting frosty85
Thanks for the tip So some kind of discretion needs to be applied yes? If you would share, I would like to learn how you came to the conclusion on not to trade GBP pairs for now...or any other currencies for that matter when the situation arises. I also see fractal indicator there if im not mistaken. Do you use them to spot market structure? I.e. The uptrends and downtrends. Thank you in advance!
The only reason why GBP pairs is not good to trade right now because of the different news coming out which makes the pairs so difficult to trade having very high volatility..

You have to be in front of your computer and monitor your trades and don't blink if you want to stay profitable.
Or in short, you have to be nimble if you really want to.

I'm not saying that GBP is really not tradeable using this system, but I noticed that basing on the past performance of other traders also here(including your results), there's a low win rate on GBP. So, if that's the case, why even bother, right? But that's just me...
We're not here to be right, we're here to Profit Consistently!
  • #1,506
  • Nov 23, 2018 1:24am Nov 23, 2018 1:24am
Quoting ZackWj
{quote} vince bro, as i am not a Metatrader user, i couldnt really understand your screenshot. If you do not mind, could you write out your system or any deviation from the Original trading method? Thanks in advance
Hi Zack,

My screenshot is nothing special. The object I drawn on the chart is just Fibonacci Tool and the 30 EMA. Nothing fancy. You can replicate the same using any other platform even in tradingview...

I use the same trading system that has been shared by our thread owner. The only difference I do is I add a counter trend trades, which means sometimes I buy even when the price is below the EMA, just as long there's a strong confirmation that price is about to reverse/retrace... Same with shorting, I sometimes sell even when the price is above the 30EMA.
We're not here to be right, we're here to Profit Consistently!
  • #1,507
  • Nov 23, 2018 1:58am Nov 23, 2018 1:58am
Forgot to share..

LONG FJ...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2018-11-23-15-56-17.png Size: 210 KB
We're not here to be right, we're here to Profit Consistently!
  • #1,508
  • Nov 23, 2018 2:56am Nov 23, 2018 2:56am
EU anyone??
  • #1,509
  • Nov 23, 2018 3:10am Nov 23, 2018 3:10am
Quoting adrilyss
EU anyone??

SL Hit on FJ due to EUR news as well...

I'm also eyeing all EURO pairs.. Good candidate for shorts... Engulfing bars already formed...

Let's wait for the 4H candle close 1 hour from now...
We're not here to be right, we're here to Profit Consistently!
  • #1,510
  • Nov 23, 2018 3:12am Nov 23, 2018 3:12am
nzd usd making LLs & LHs, forming an engulfing and nzdjpy H&S forming an engulfing
  • #1,511
  • Nov 23, 2018 3:40am Nov 23, 2018 3:40am
Quoting ranilo.vince
{quote} Closed UJ and AJ manually for a profit to focus more later on CAD news... While switched bias on Gold from Long to Short since there's a nice 4H engulfing candle that has been printed for more possible downside confirmation... {image} {image}

Hi Ranilo.vince

I see all your lot sizes are different. How do you get those lot sizes?

Thanks
  • #1,512
  • Nov 23, 2018 3:43am Nov 23, 2018 3:43am
Quoting flaffie
{quote} Hi Ranilo.vince I see all your lot sizes are different. How do you get those lot sizes? Thanks
Hi Flaffie,

I stick with risking 1% only per trade.
So, what I do is determine first where my SL would be from my entry.
Once I know the # of pips between my entry and SL, I use this tool to determine my lot sizes. https://www.myfxbook.com/forex-calcu.../position-size
We're not here to be right, we're here to Profit Consistently!
  • #1,513
  • Nov 23, 2018 4:05am Nov 23, 2018 4:05am
Quoting ranilo.vince
{quote} Hi Flaffie, I stick with risking 1% only per trade. So, what I do is determine first where my SL would be from my entry. Once I know the # of pips between my entry and SL, I use this tool to determine my lot sizes. https://www.myfxbook.com/forex-calcu.../position-size

Thank you for the explanation, much appreciated
  • #1,514
  • Nov 23, 2018 4:52am Nov 23, 2018 4:52am
audyen tp
  • #1,515
  • Nov 23, 2018 4:54am Nov 23, 2018 4:54am
Hi

audjpy just tp as per rules
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH4.png Size: 75 KB
  • #1,516
  • Nov 23, 2018 4:58am Nov 23, 2018 4:58am
Quoting josephkee
Hi audjpy and audusd just tp as per rules {image} {image}
Quite a slow market today
  • #1,517
  • Nov 23, 2018 5:29am Nov 23, 2018 5:29am
Quoting ranilo.vince
Forgot to share.. LONG FJ... {image}
Vince your chfyen SL? No confirmation bar
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYH4.png Size: 73 KB
  • #1,518
  • Nov 23, 2018 5:43am Nov 23, 2018 5:43am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot.png Size: 303 KB

Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester.gif Size: 8 KB


Hi Everyone,

I couldn't resist simplicity of this idea, which is very EA friendly. I wrote an EA for who don't want to watch the screens. It took me 20 day cause I m an amateur programmer...
Anyway thank you for your brilliant idea: Owner of the thread!

Here my 8 month test which has very precise tickdata used from swiss bank sourced data provider.
It is promising but EA is not fully ready to use on Real Account.
I hope you don't mind I am sharing it in here, I thought to open new thread but trading method is not mine so it would be disrespect to owner.
Default settings are fine and it uses Breakout instead of opening orders rightaway. I tested many times and Profit Factor is much better , and it doesn't change the pips earned...

Here is the package.... Hope someone forward test this and we can improve it
Attached File(s)
File Type: rar EngulfEAv2.rar   311 KB | 1,201 downloads
  • #1,519
  • Nov 23, 2018 6:25am Nov 23, 2018 6:25am
Quoting josephkee
{quote} Vince your chfyen SL? No confirmation bar {image}
Confirmation bar? Is this something you made up? I don't see the person who started the thread talking confirmation bars. She just opened a trade based on the engulfing bar, wherever the price was at that moment.
Gone to a better place
  • #1,520
  • Nov 23, 2018 7:23am Nov 23, 2018 7:23am
Quoting smikester
{quote} Confirmation bar? Is this something you made up? I don't see the person who started the thread talking confirmation bars. She just opened a trade based on the engulfing bar, wherever the price was at that moment.
Money is made by sitting, not trading. Jesse L. Livermore
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