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Monthly Profit - Daily Trading using SMA

  • #10,581
  • Nov 22, 2018 5:08pm Nov 22, 2018 5:08pm
Quoting mizi123
{quote} What attracted my attention is weekly chart has created clasic pinbar wich it means here is big rejection beside monthly resistance 3 of PP, on H1 and so many bla bla bla {image}
Ok fine. I understand.
Thank you.
All the best to all of you. But don't follow me. I am a learner.
  • #10,582
  • Nov 23, 2018 11:31pm Nov 23, 2018 11:31pm
Hello traders, I have been using this strategy along with certain filters and it gives a fair profit. According to the original rules, do we use a pending order above/below the high/low of the signal candle or do we just enter using a market order.....
  • #10,583
  • Nov 24, 2018 7:59pm Nov 24, 2018 7:59pm
Quoting csethna
Hello traders, I have been using this strategy along with certain filters and it gives a fair profit. According to the original rules, do we use a pending order above/below the high/low of the signal candle or do we just enter using a market order.....
Hello
I can understand what you mean, that it could be good having pending orders for some of the trades, but
the strategy is not born with using pending orders.
Wish you all the best which ever way works best for you.
Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
  • #10,584
  • Nov 25, 2018 10:17am Nov 25, 2018 10:17am
My selection of setups for tomorrow.
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I used to be indecisive but now I'm not so sure...
  • #10,585
  • Nov 25, 2018 4:11pm Nov 25, 2018 4:11pm
Hi all, short on NZDUSD:

Attached Image (click to enlarge)
Click to Enlarge Name: 20181125NZDUSDDaily.png Size: 45 KB



Paal
  • #10,586
  • Nov 26, 2018 7:07am Nov 26, 2018 7:07am
Hi Everyone.

I am in for the system. Will also keep people updated with results of my demo account.

My current position: https://www.mql5.com/en/charts/94172...1-tickmill-ltd
  • #10,587
  • Nov 27, 2018 9:23am Nov 27, 2018 9:23am
Quoting Filipo1
My selection of setups for tomorrow. {image} {image} {image} {image} {image}
Hello
Your USDJPY was right on - as so many other charts of yours, Fillipo1.
Hope it will go more our way.
I should maybe use this one to let it go south and north, and learn to leave it peace and listen to what the name of the thread sounds like -
Did someone say monthly profit ?? daily trading ?? hehe

That sounds like letting it run for month between last candle minus 15 pips and 3 candles our way and longer - at least that is.

Well we will see,
All the best.
Thank you

Oddbjørg
All the best to all of you. But don't follow me. I am a learner.
  • #10,588
  • Nov 28, 2018 2:37am Nov 28, 2018 2:37am
Quoting Filipo1
My selection of setups for tomorrow. {image} {image} {image} {image} {image}
It looks like all NZD pairs in U-turn mode.
This is typically the reason I never put pending stop-loss orders but pending inverse stop orders on the same entry levels where I would have placed common stop-loss. The risk is the same but doing so I don’t throw my hard-earned money away to my dear broker. I intend to be the milking man here!
And only on those stop orders will I put a relatively tight stop-loss of about 40 pips in case of bear/bull trap.

All the best.
I used to be indecisive but now I'm not so sure...
  • #10,589
  • Edited 8:53am Nov 29, 2018 7:13am | Edited 8:53am
hey guys, i am posting profits using auto trades on the dashboard. i am only going for 10 pips. sometimes it takes a day or two to hit the profit. some may say it is not worth the wait. i dont know. it is a personal thing each trader needs to decide on. this is definitely a strategy that requires patience!!

if you want to try it out, use the AUTO trade yellow box at the bottom to set your lot size, TP and SL. these values will be used on all your auto trades. i also only set the trade in the direction of the green/red arrows AND only if most or all of the arrow directions match up.

also, dont forget that you have to put the dash on the time frame you want to trade on. i have been using the day, as per this thread strategy.

sorry, i have not finished programming all the buttons yet, but this is a busy time for me!

p.s. the .12 and .14 lot trades were the ones taken using the auto trader. please use in demo account first!!!! set it to a lower timeframe ONLY so you can see how it works "faster" so you can see it entering trades faster and not wait for the day signal to test it out.

good luck to all!
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 PA_dash_TF.mq4   326 KB | 705 downloads
Mother of Pips
  • #10,590
  • Dec 4, 2018 12:01pm Dec 4, 2018 12:01pm
Hello

Thanks for this strategy, I started following this thread on Friday 30/11/2018 and followed it immediately. I placed two trades (Short on GBP/JPY and GBP/USD) on a demo account that day as I am still trying to get a strategy that I will use to trade my live account. I just closed on my take profit on Tuesday 04/12/2018. I've just attached a screenshot.

Thanks so much for sharing this strategy.
It's so simple and very effective too.
Attached Image(s) (click to enlarge)
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  • #10,591
  • Edited 12:48pm Dec 4, 2018 12:07pm | Edited 12:48pm
more profits using the automated dash. the .11 lot size orders were the ones taken with the dash.

i think i will integrate RSI as a filter to insure the trade is taken on the correct side of the wave, so i dont get into the trade before the retrace, but after the retrace instead.

is anybody else having success using the dash?
Attached Image (click to enlarge)
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Mother of Pips
  • #10,592
  • Dec 4, 2018 4:14pm Dec 4, 2018 4:14pm
Quoting pipqueen18
more profits using the automated dash. the .11 lot size orders were the ones taken with the dash. i think i will integrate RSI as a filter to insure the trade is taken on the correct side of the wave, so i dont get into the trade before the retrace, but after the retrace instead. is anybody else having success using the dash? {image}
I do not understand how the automated dash work. Can you please explain further? Thanks
  • #10,593
  • Dec 4, 2018 4:53pm Dec 4, 2018 4:53pm
Quoting odinaka
{quote} I do not understand how the automated dash work. Can you please explain further? Thanks
hi odinaka, please look at this post for more information.

https://www.forexfactory.com/showthr...4#post11691084
Mother of Pips
  • #10,594
  • Dec 4, 2018 10:33pm Dec 4, 2018 10:33pm
Hi pipqueen18, have loaded your system onto my platform but not sure how to use it? any help would be appreciated as I am a bit new to this.
Thanks
  • #10,595
  • Dec 5, 2018 1:36pm Dec 5, 2018 1:36pm
Quoting thawcut1956
Hi pipqueen18, have loaded your system onto my platform but not sure how to use it? any help would be appreciated as I am a bit new to this. Thanks
I have the same question. Rules about dash. Thanks
  • #10,596
  • Dec 5, 2018 4:46pm Dec 5, 2018 4:46pm
Hello
Interresting pairs.
Take care and all the best.
Oddbjørg
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All the best to all of you. But don't follow me. I am a learner.
  • #10,597
  • Dec 6, 2018 7:46am Dec 6, 2018 7:46am
Quoting Oddbjorg
Hello Interresting pairs. Take care and all the best. Oddbjørg {image} {image}
Hi,

It seems that EurAud is doing well for me. When should i close?
Attached Image
  • #10,598
  • Dec 6, 2018 9:19am Dec 6, 2018 9:19am
hi traders, i'm posting another pic of profits taken using the dashboard. although you must be very patient and endure some draw down, these trades are hitting their profit of 10 pips. to eliminate the draw down, i will try to incorporate rsi to make sure the trade is only valid on the "correct" side of the wave. i have been very busy and then i got sick so i felt like crap! sorry....

my suggestion to new users.....place the dash on any 5 minute chart in which you have used the ##black template to make the background black. look for any "SM" signal. open another chart for that pair, again on the 5 minute TF. watch what the candles do and what the dash shows you. the dash IS ONLY A TOOL to help you monitor more charts easier.

the SM signal follows the rules for this thread. i say watch it on a 5 minute chart ONLY so you can watch/learn the signals "faster". when you are ready, use this dash on daily time frame, as per the instructions of this thread. also, only use it on a demo until you are sure it works as you anticipate. i am still using it on my demo account until i get the "draw down" down.

also, i only open certain trades when the red/green arrows align and i only go "with" the trend.

good luck to all!!
Attached Image (click to enlarge)
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Mother of Pips
  • #10,599
  • Dec 6, 2018 9:24am Dec 6, 2018 9:24am
Quoting Oddbjorg
Hello Interresting pairs. Take care and all the best. Oddbjørg {image} {image}
Hello Oddbjorg

Thanks for this. Will be looking out for the updates and your posts for the pairs to watch out for.
You are really making a difference

Am really grateful
  • #10,600
  • Dec 7, 2018 4:19am Dec 7, 2018 4:19am
Quoting ghostman1010
{quote} Hi, It seems that EurAud is doing well for me. When should i close? {image}
Hello
Nice if you could use it.
Hope some of the profs around here can help with the exit part of the system - from post #1
Not because of trading strategy, but just because it fits the best for me, I do close all trades down on fridays.
I do not trade on mondays. Tokyo open is Sunday evening in the North Atlantic, where I live.
Well, all the best - and be sure you do take care.

Oddbjørg.
All the best to all of you. But don't follow me. I am a learner.
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