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Simple H4 Mobile Trading System

  • #1,821
  • Dec 15, 2018 6:53am Dec 15, 2018 6:53am
Quoting timidave
{quote} I did too a couple of days ago and i decided i would stay with the daily charts. I backtested all the 28 pairs in the month of November and still came up with about 30 trades that made up to about 5000 pips. But mind you, i rode the trend and used a different exit strategy. In a whole month, there could be just 2 or 3 trades on the daily, but when you look at all the pairs together, you get more trades.
I looked at the daily too but just on the majors, they offer more results/pips, but require more patience. so a reduction in lot sizes for me is true on the daily cause then you can hold the position a little longer and still go on about intra day trading.

regards
4&1 All Time Profit: $37,496
  • #1,822
  • Dec 16, 2018 9:04am Dec 16, 2018 9:04am
What happened to this thread?

Why people stopped posting their results and trades using this system?
We're not here to be right, we're here to Profit Consistently!
  • #1,823
  • Dec 16, 2018 12:45pm Dec 16, 2018 12:45pm
Maybe because this week was plenty of losers.
  • #1,824
  • Dec 17, 2018 11:41am Dec 17, 2018 11:41am
Quoting ahgang
{quote} Hello Mate Kindly read through this whole thread to understand about TS trading styles and experienced. {image}
thanks for good idia
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  • #1,825
  • Dec 18, 2018 1:11am Dec 18, 2018 1:11am
Quoting ranilo.vince
What happened to this thread? Why people stopped posting their results and trades using this system?
Maybe because we're getting close to the Yuletide, the market is getting quiet too anyway. Also, people have improved upon the basic system in this thread and found more accurate ways to trade and if there ideas are posted here, they would be breaking some of the rules of this thread, hence they keep away. Also, because the owner of the thread herself is quiet. Attached are my results for last week thursday/friday from the 1 hour chart and with slight modiifcation to the basic rules.
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  • #1,826
  • Dec 18, 2018 1:40am Dec 18, 2018 1:40am
Quoting timidave
{quote} Maybe because we're getting close to the Yuletide, the market is getting quiet too anyway. Also, people have improved upon the basic system in this thread and found more accurate ways to trade and if there ideas are posted here, they would be breaking some of the rules of this thread, hence they keep away. Also, because the owner of the thread herself is quiet. Attached are my results for last week thursday/friday from the 1 hour chart and with slight modiifcation to the basic rules. {image}
Yes. The beauty of this method is, even if you follow the rules blindly, with proper money management you will not be looking at a margin close out anytime soon. This should give the opportunity to anyone with any curiosity to pick and choose the best set ups.
December is not usually a great month to trade and many professional traders close out.
Gone to a better place
  • #1,827
  • Dec 18, 2018 5:20am Dec 18, 2018 5:20am
Oooh yeah, I test this strategy on demo account and... Its good !!
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  • #1,828
  • Dec 18, 2018 5:55am Dec 18, 2018 5:55am
Quoting timidave
{quote} Maybe because we're getting close to the Yuletide, the market is getting quiet too anyway. Also, people have improved upon the basic system in this thread and found more accurate ways to trade and if there ideas are posted here, they would be breaking some of the rules of this thread, hence they keep away. Also, because the owner of the thread herself is quiet. Attached are my results for last week thursday/friday from the 1 hour chart and with slight modiifcation to the basic rules. {image}

Can you tell the modifications you've made to the system please?
  • #1,829
  • Dec 18, 2018 6:38am Dec 18, 2018 6:38am
Quoting ranilo.vince
What happened to this thread? Why people stopped posting their results and trades using this system?
sry man... i broke my laptop so im gonna be absent for couple of days.
and im just trying to get used to full mobile trading...
Okay... sorry about my messed up English Tenses
  • #1,830
  • Dec 18, 2018 7:28am Dec 18, 2018 7:28am
Quoting geosevilla
{quote} Can you tell the modifications you've made to the system please?
Those modifications were already stated in this thread and got many condemnationd. So, if you really are interested, PM me.
  • #1,831
  • Dec 18, 2018 7:51am Dec 18, 2018 7:51am
hello I like this system very much easy to understand fixed tp and sl and 90 percent hit tp but yes I enter only after pa cross 100 fib line
  • #1,832
  • Dec 18, 2018 3:08pm Dec 18, 2018 3:08pm
Possible setup on AUDJPY.
Have pending order in play. Tighter SL though.
4&1 All Time Profit: $37,496
  • #1,833
  • Dec 19, 2018 4:47am Dec 19, 2018 4:47am
Quoting sihussain
hello I like this system very much easy to understand fixed tp and sl and 90 percent hit tp but yes I enter only after pa cross 100 fib line
What take profit level did you use to be able to arrive at 90% success rate?
  • #1,834
  • Dec 19, 2018 10:41am Dec 19, 2018 10:41am
Quoting MzansiObi
Possible setup on AUDJPY. Have pending order in play. Tighter SL though.
Closed half position for +20 pips. SL moved to BE + 3.

Running trade risk free now.

Stay Green
4&1 All Time Profit: $37,496
  • #1,835
  • Dec 19, 2018 11:45am Dec 19, 2018 11:45am
Quoting timidave
{quote} What take profit level did you use to be able to arrive at 90% success rate?
sir fib 150 - spread
  • #1,836
  • Dec 19, 2018 8:41pm Dec 19, 2018 8:41pm
Hi. Just joined Forex Factory. Have been testing this system in demo account since 13 December.

Current tally is -SGD 4 loss. Almost even win loss odds. Maybe because a lot of consolidation happening this last week with flat EMAs. May get better when tending. Too early to tell overall performance of the system.

I basically adopted the basic rules at the start of the thread. But avoid SL past 50 pips. One thing I need clarification on is when the engulfing bar starts from bottom of EMA then closes above. Is that a valid buy according to the original rules? Some people here avoid it. Some do not. And what about the flat / angled EMA? Is that also a valid modification endorsers by the thread starter? I think by incorporaing the modifications above, one will avoid going in sideways market. But even if we don’t take this in, I think the profit and loss will just offset each other.
  • #1,837
  • Dec 20, 2018 2:21am Dec 20, 2018 2:21am
Quoting jomni
Hi. Just joined Forex Factory. Have been testing this system in demo account since 13 December. Current tally is -SGD 4 loss. Almost even win loss odds. Maybe because a lot of consolidation happening this last week with flat EMAs. May get better when tending. Too early to tell overall performance of the system. I basically adopted the basic rules at the start of the thread. But avoid SL past 50 pips. One thing I need clarification on is when the engulfing bar starts from bottom of EMA then closes above. Is that a valid buy according to the original...
Welcome to Forex Factory and this thread. Valid buy according to the rules - yes it is, but I would be wanting to zoom out to see the daily and even the weekly trend before taking one. Just my view, you understand. There are plenty of pairs to choose from, so another rule which I have, not just for this method, is not to take trades when the price is within last week's range, unless there is a very good reason for doing so.

I want to be very careful not to try to modify any of the original existing rules because of the danger of over complication or misinterpretation, but as I said in a previous post, there is nothing wrong with curiosity. A good trader learns from their mistakes and not all engulfing candles are the same. Good trading to you.
Gone to a better place
  • #1,838
  • Edited 4:26am Dec 20, 2018 3:30am | Edited 4:26am
I shorted USDSGD in the demo account. Moving very fast. Hit 150 already and moved the stop.

Edit: TP after 2 hours.
  • #1,839
  • Dec 20, 2018 6:07pm Dec 20, 2018 6:07pm
Quoting Old_Dog
Hello all, Trading with candle patterns on the H4 chart is HIGHLY broker-dependent. If you think about it, the HOURLY chart is identical for everyone around the world as the hour changes at exactly the same time everywhere. Likewise the WEEKLY is identical. The problem comes with the H4 and the DAILY. Depending on your broker's "GMT Offset" you will see radically different shapes of candles, because the DAY and H4 bar changes at different times for different brokers. Personally, I only use a broker with a GMT+2 offset. Because the FX markets are...


Big thank you this precious information
The North Camel
  • #1,840
  • Edited 9:07pm Dec 20, 2018 7:25pm | Edited 9:07pm
Philosophical post about Broker offset...

My take on this is people trade in different time frames and intervals. They use different strategies and indicators. Time is continuous. We just cut it up to parts to easily digest the information. People can still make money with Brokers on a different offset and capture the same move. Just different entry and exit points. That’s the beauty of the market, people coming in at different times and perspectives. This is what makes the price move.
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