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Simple H4 Mobile Trading System

  • #1,661
  • Nov 30, 2018 5:06am Nov 30, 2018 5:06am
Quoting hzs10
Just some updates, I supposed it is a slow start of the month compare to previous 2 months. But a pip still a pip. +200pips in for this month already. Not just words, below is the result for the first week till now Glad to see people here are willing to help others and share their knowledge. Keep posting and ask questions. Stay green pips {image}
Congrats hzs10
I have question, if we spot three setup
GBPUSD, GBPCAD, GBPCHF on same direction example, buy setup.

Do you will take all 3 trades or just pick 1 only?
  • #1,662
  • Nov 30, 2018 5:07am Nov 30, 2018 5:07am
Quoting fforexer
chfjpy buy
Im sorry, but at my broker no buy trade.
Attached Image
  • #1,663
  • Nov 30, 2018 5:40am Nov 30, 2018 5:40am
Quoting DJsignals
{quote} Congrats hzs10 I have question, if we spot three setup GBPUSD, GBPCAD, GBPCHF on same direction example, buy setup. Do you will take all 3 trades or just pick 1 only?
Ha-ha!
Therein lies an aspect of this system.
Are the plethora of pips a function of a specifically great system, or just multiple trades in a tranche of correlated currencies?

If you look at the screenshots of all the trades, that some here kindly upload, you can see the trades make 100+ dollars, but are off just 10-15 pips.
Thats borderline scalping. Off a 4-hour chart.

Anyway, really interesting ideas here. I notice the thread originator, hzs10, hasnt logged onto FF since Nov 12th.
  • #1,664
  • Nov 30, 2018 6:25am Nov 30, 2018 6:25am
Quoting obiwandax
{quote} Ha-ha! Therein lies an aspect of this system. Are the plethora of pips a function of a specifically great system, or just multiple trades in a tranche of correlated currencies? If you look at the screenshots of all the trades, that some here kindly upload, you can see the trades make 100+ dollars, but are off just 10-15 pips. Thats borderline scalping. Off a 4-hour chart. Anyway, really interesting ideas here. I notice the thread originator, hzs10, hasnt logged onto FF since Nov 12th.
Are you okay man?
  • #1,665
  • Nov 30, 2018 10:16am Nov 30, 2018 10:16am
Quoting geektrader
Yes, I get you guys, I am making a living from (automated) trading since 2009, no worries :-) All I am saying is that this system is NOT working as per the rules in post #1, it is a net loser. ONLY if you interpret the market (and humans are bad at that) it works a bit better. But still, this strategy is doomed to fail (backtested it on data since 1987, 28 pairs already (H4 and D1)). Sorry to have no better news.
Thanks for the feedback from your backtest. If you have read every of my updates, i did not guarantee anything on the method and i am still on to the forward testing. Anyone who use their real account to trade using this method do it at their own risk. If you have nothing positive to provide or help to benefit others, i dont need you to tell us what is doom to fail using backtest results. As i know some methods which provide good win rate on backtest might not do well on forward test too. This is relatively subjective. On my last update on early Nov i did mention this is not confirm a "Perfect" strategy but i do hope at the very end it will be a profitable one. I hope this is the last time i explain myself. Any such post will be removed and the person will be blocked.

Tyvm
  • #1,666
  • Nov 30, 2018 10:19am Nov 30, 2018 10:19am
Quoting mastercool66
{quote} She also said : Dont trade every engulf bar. She has the experience to trade this method and win,so you can not trade blindly every engulf bar.
I do not want to make things complicated for now. So experienced traders know what to trade and when to enter trade. For beginners just follow as per rules on demo account.
  • #1,667
  • Nov 30, 2018 10:21am Nov 30, 2018 10:21am
How could I missed this again.... tsk tsk

Anyone caught this perfect short trade right here?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2018-12-01-00-20-35.png Size: 199 KB
We're not here to be right, we're here to Profit Consistently!
  • #1,668
  • Nov 30, 2018 10:49am Nov 30, 2018 10:49am
Quoting hzs10
{quote} I do not want to make things complicated for now. So experienced traders know what to trade and when to enter trade. For beginners just follow as per rules on demo account.
this will answer a lot of question..

Quoting ranilo.vince
How could I missed this again.... tsk tsk Anyone caught this perfect short trade right here? {image}
so u make 3 candles as engulfing? just to make sure, some ppl here might get confuse..

cheers...
Okay... sorry about my messed up English Tenses
  • #1,669
  • Nov 30, 2018 11:35am Nov 30, 2018 11:35am
Quoting ranilo.vince
{quote} Avoid GBP pairs for now and you will see more positive trades bro. Trust me!
yes, i do realised i nov lost trades are mostly are from GBP pairs but i do have win trades too. Just that win and lost trades can big huge
  • #1,670
  • Nov 30, 2018 11:50am Nov 30, 2018 11:50am
Quoting ranilo.vince
How could I missed this again.... tsk tsk Anyone caught this perfect short trade right here? {image}
Yup, hit TP
  • #1,671
  • Nov 30, 2018 11:52am Nov 30, 2018 11:52am
I have not been active for this month but i am still active trading using this method as i said i will do ayear experiment. I have just read finish the posts and apprrciate for some of the ideas given. I will do updates tomorrow.

Stay green pips
  • #1,672
  • Edited 2:45pm Nov 30, 2018 2:32pm | Edited 2:45pm
Because i got tired drawing lines of Fibonacci, i coded an expert advisor (MT5) which is a trade panel that opens orders with hzs10 trade logic.
When u get an alert from your engulfing indicator or visually, you can use this EA as a trade panel.
When u click Buy/Sell, it will open an order and draw automatically the Fibo Levels in the chart.

When the prices reaches :
- Level 1.5, it will move SL to breakeven level (1.0)
- Level 2.0, it will move SL to level 1.5
- I added level 2.5 and when the price is near X points of this level, SL will move to level 2.0 .
- When level 2.5 is reached, it will close the order.
If you dont want to use level 2.5, just add the value 2.0 (Level 3) and X points away from this level will move the SL to level 1.5 too.
The EA has no limitations.
Attached Image

Attached Image
Attached File(s)
File Type: ex5 Fibi.ex5   85 KB | 408 downloads
Download Corti EA : https://cortiea.com
  • #1,673
  • Nov 30, 2018 2:37pm Nov 30, 2018 2:37pm
Hello Mastercool,

really really nice work!!! Can you change the code, to use it in Mt4 too?

Thx in advance
  • #1,674
  • Nov 30, 2018 2:43pm Nov 30, 2018 2:43pm
Perhaps in late december,time is money
Download Corti EA : https://cortiea.com
  • #1,675
  • Nov 30, 2018 3:47pm Nov 30, 2018 3:47pm
Quoting mastercool66
Perhaps in late december,time is money
Great job
  • #1,676
  • Nov 30, 2018 5:06pm Nov 30, 2018 5:06pm
Quoting reisai
{quote} this will answer a lot of question.. {quote} so u make 3 candles as engulfing? just to make sure, some ppl here might get confuse.. cheers...
No Reisai,
I just based the trade on one latest engulfing candle where I drew the fib tool.
We're not here to be right, we're here to Profit Consistently!
  • #1,677
  • Nov 30, 2018 8:33pm Nov 30, 2018 8:33pm
Quoting hzs10
I have not been active for this month but i am still active trading using this method as i said i will do ayear experiment. I have just read finish the posts and apprrciate for some of the ideas given. I will do updates tomorrow. Stay green pips
Hello Mate

Glad to hear you are back. Thank you very much to share this simple yet effective stratergyto public. I been forward testing it for 1 month with it plus add on own understanding basic market behavious and it lead me to stable profit and green pips. Its not quick rich stratergy, but it is enough to make us get additional income on top of full time working.

thank you very much.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-1.jpg Size: 338 KB
  • #1,678
  • Nov 30, 2018 8:36pm Nov 30, 2018 8:36pm
Quoting ranilo.vince
{quote} No Reisai, I just based the trade on one latest engulfing candle where I drew the fib tool.
The previous candle already bearish right?

Do yo mean like this?
Attached Image
Okay... sorry about my messed up English Tenses
  • #1,679
  • Nov 30, 2018 8:39pm Nov 30, 2018 8:39pm
Quoting ahgang
{quote} Hello Mate Glad to hear you are back. Thank you very much to share this simple yet effective stratergyto public. I been forward testing it for 1 month with it plus add on own understanding basic market behavious and it lead me to stable profit and green pips. Its not quick rich stratergy, but it is enough to make us get additional income on top of full time working. thank you very much. {image}
68% is good probability..
Do u use rules on page 1, or u add additional rules?
Okay... sorry about my messed up English Tenses
  • #1,680
  • Nov 30, 2018 9:35pm Nov 30, 2018 9:35pm
Quoting reisai
{quote} The previous candle already bearish right? Do yo mean like this? {image}
Hello Mate
I followed most of the rules from TS, but i add on my own understanding for basic market behavious such as support resistance, big picture from weekly and daily chart and i dont take counter trend trade. Nothing much, just wish to keep it as simple as possible.
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