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Simple H4 Mobile Trading System

  • #1,861
  • Dec 24, 2018 8:28am Dec 24, 2018 8:28am
Merry Christmas traders. I am glad to see this method seems to work for most people. For beginners please dont judge results by just a few trades. Forex is not quick money. I am not against with any one modifying the original strategy that works for them. But please test it with results to show that it works. This is not a trial and error thread.

Great job for vince with counter trend. I use to be CT trader too. Would be interested in the near future again maybe. Result of dec so far looks good.

Stay grern pips
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  • #1,862
  • Dec 24, 2018 3:58pm Dec 24, 2018 3:58pm
Quoting helbor
{quote} Hello Vince SL = high/low of signal candle (so mostly it's a pending order) TP1 = fib 150 TP2 = fib 200 and beyond Each order = 0.5% risk Correct yes/no?
Correct!!!

I know the original strategy is we move to Breakeven but I prefer to have a little profit already once price reaches 150 fib than Breakeven so that we gain something already...
We're not here to be right, we're here to Profit Consistently!
  • #1,863
  • Dec 24, 2018 4:04pm Dec 24, 2018 4:04pm
Quoting hzs10
Merry Christmas traders. I am glad to see this method seems to work for most people. For beginners please dont judge results by just a few trades. Forex is not quick money. I am not against with any one modifying the original strategy that works for them. But please test it with results to show that it works. This is not a trial and error thread. Great job for vince with counter trend. I use to be CT trader too. Would be interested in the near future again maybe. Result of dec so far looks good. Stay grern pips {image}
Merry Christmas guys!!

Thanks Hzs10... I am glad I found your thread...

Congrats on the great results!!!
We're not here to be right, we're here to Profit Consistently!
  • #1,864
  • Dec 24, 2018 4:08pm Dec 24, 2018 4:08pm
Quoting cfudge
{quote} Here is the quote from my test results on daily, if interested.
My suggestion for you bro is just like what I stated on the thread if you like to have two orders at 1% risk only. 0.5% risk each with two target (150fib and 200 fib so you can maximize possible profits)
We're not here to be right, we're here to Profit Consistently!
  • #1,865
  • Dec 24, 2018 4:10pm Dec 24, 2018 4:10pm
Possible sell setup for GBPNZD

Entered at 1.88900

TP1 1.89450 -> FIB 150 level
TP2 1.90500 -> FIB 200 level

The pair are currently moving in uptrend creating HH and LH

SL 1.87700

Sorry for the poor picture quality
Attached Image
The North Camel
  • #1,866
  • Dec 25, 2018 8:09pm Dec 25, 2018 8:09pm
Quoting hzs10
{quote} SL move to 100.0 when PA reach 150
Hi. Do we do this instantly? Or wait for H4 candle to close at 150 or above before adjusting.
  • #1,867
  • Dec 26, 2018 1:10am Dec 26, 2018 1:10am
Yes, do it right away when price touch that level, there is no guarantee price will continue even candle closed above/below, i think it is better to lock for some profit and safety capital purpose.

Quoting jomni
{quote} Hi. Do we do this instantly? Or wait for H4 candle to close at 150 or above before adjusting.
Go with the flow at Shi*ting Market
  • #1,868
  • Dec 26, 2018 1:52am Dec 26, 2018 1:52am
Quoting jomni
{quote} Hi. Do we do this instantly? Or wait for H4 candle to close at 150 or above before adjusting.
Wait for candle close. You can dont move also. It is up to you. Like some traders said, sometimes PA can hit your SL before it move towards TP levels. So it still based on live chart analysis. Do note that we arr not doing scalping on lower TF. So be patient and follow your own rules.
  • #1,869
  • Edited 3:00am Dec 26, 2018 2:26am | Edited 3:00am
Possible Trade for today's 4H system... Possible to short EA but I already entered for some other possible reasons....

But for this trade to fit in this thread's strategy, you may check back 1 hour 35 minutes from now if candle will close/engulf the previous candle to be sure for a possible counter trend play...

Remember, it's still the holidays, so we should expect very low liquidity in the market, so expect very few plays.

P.S. : Your SL and TP might be different from this post because the engulfing candle is still not closed yet as of this writing.
Attached Image (click to enlarge)
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We're not here to be right, we're here to Profit Consistently!
  • #1,870
  • Dec 26, 2018 4:04am Dec 26, 2018 4:04am
Quoting ranilo.vince
Possible Trade for today's 4H system... Possible to short EA but I already entered for some other possible reasons.... But for this trade to fit in this thread's strategy, you may check back 1 hour 35 minutes from now if candle will close/engulf the previous candle to be sure for a possible counter trend play... Remember, it's still the holidays, so we should expect very low liquidity in the market, so expect very few plays. P.S. : Your SL and TP might be different from this post because the engulfing candle is still not closed yet as of this writing....

And this is what i am talking bout... 4H engulfing closed and we have a valid short trade..
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We're not here to be right, we're here to Profit Consistently!
  • #1,871
  • Dec 26, 2018 6:54am Dec 26, 2018 6:54am
Quoting ranilo.vince
{quote} And this is what i am talking bout... 4H engulfing closed and we have a valid short trade.. {image}
No short I think.. price is above 30 MA..
  • #1,872
  • Dec 26, 2018 8:58am Dec 26, 2018 8:58am
I dont know if this question has been asked before but i would like to know why the 30EMA is being used.
  • #1,873
  • Dec 26, 2018 9:22am Dec 26, 2018 9:22am
Quoting helbor
Hello to everyone Thanks Hzs10 for sharing your system and all traders posting their results. I've manually back-tested all 28 pairs on the 4hr chart for the period April - August 2018. I attach the results. I traded exactly as per Hzs10's rules, taking every signal, like a robot. If it didn't hit fib 200, i counted it as a loss. an, even if it took days. {image}


Hi helbor, nice test results !
Do you move SL to BE once fibo 150 gets hit in your testing?
  • #1,874
  • Dec 26, 2018 9:37am Dec 26, 2018 9:37am
First trade after the long holiday ends with TP. Anw if any one havent notice, i have changed my updates in my #1 post. I used % for profit/loss instead of pips or $. Because i forgot that the amount earned trading cross pairs does not equivalent to pips. So the pips i showed previously is not accurate. I did not want to show $ because different traders has different account sizes so $ doesn't isnt objective imo. So i think % is much more rationale.

@DeanOliver you have asked a good question. Because most of the time when people follow someone strategy, they just follow blindly. I am once there before but decided to study why those MA. So why 30? In 4H it uses 30bars which equivalent to a week's data. So for short term, i think the 30ema works fine for me as dynamic support/resistance, as well tell me the short term trend. There is no perfect MA. Just use the one that suits you.
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  • #1,875
  • Edited 2:42pm Dec 26, 2018 2:14pm | Edited 2:42pm
Quoting ranilo.vince
{quote} And this is what i am talking bout... 4H engulfing closed and we have a valid short trade.. {image}
Target Hit!
Attached Image (click to enlarge)
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We're not here to be right, we're here to Profit Consistently!
  • #1,876
  • Dec 26, 2018 2:44pm Dec 26, 2018 2:44pm
Another counter trend trades...
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We're not here to be right, we're here to Profit Consistently!
  • #1,877
  • Dec 26, 2018 3:32pm Dec 26, 2018 3:32pm
Quoting ranilo.vince
Another counter trend trades... {image} {image} {image}
Ranilo

excuse me ..so you have another way to trade'

on USDJPY and CADJPY you put a buy below the MA30

could you please like a brother tell me why
  • #1,878
  • Dec 26, 2018 5:59pm Dec 26, 2018 5:59pm
Quoting Juan007
{quote} Ranilo excuse me ..so you have another way to trade' on USDJPY and CADJPY you put a buy below the MA30 could you please like a brother tell me why
Said another counter trend trade. He does not also wait for the close of candle once the condition is met.
  • #1,879
  • Dec 27, 2018 11:31am Dec 27, 2018 11:31am
Quoting Shabu
{quote} Hi helbor, nice test results ! Do you move SL to BE once fibo 150 gets hit in your testing?
Hello Shabu

Nope, in the backtesting process i worked only with TP and SL.

If price didn't make it to TP (fib 200) + spread, i added it to the 'lose' column.
Only trades where price reached TP + spread were added to the 'win' column.

Helena
  • #1,880
  • Dec 27, 2018 1:14pm Dec 27, 2018 1:14pm
Quoting ranilo.vince
Another counter trend trades...
Do you take CT trades from S/R levels as recommended in the classics? What is your logic?

Thanks
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