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Simple H4 Mobile Trading System

  • #1,901
  • Edited 3:39am Jan 5, 2019 3:22am | Edited 3:39am
Hi guys, and Happy New Year!

I've been watching this thread and decided to test the method myself. While I only tested it with few transactions, I noticed something important: even if I don't question the rules, I think you should not be stiff with the SL and TP setting.

Look at this GBPUSD transaction from yesterday (and ignore the current transaction, I entered again). It hit TP, but under normal conditions it would have hit SL. That's because the regular SL, on 0 Fibbo, was just above a clear support (3 previous candles reached it). So I moved it just under that support, and look, the last green candle got through the 0 Fibbo but didn't have strength to cross the support too, and it had a huge bounce back to hit TP. I only moved it 12 pips lower, but what an outcome!

I know the wick was not longer than previous candle wick and the direction was not obvious, but it doesn't change much: being a little flexible saves your transaction.

I am sure it's the same with the TP: if the 2 Fibbo is over a clear resistance, taking profit under it should not be an issue for anyone.

So follow the rules, but feel free to slightly break them to refine the transaction, in case some stronger general conditions are met this way.

Good luck to us all!
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  • #1,902
  • Jan 7, 2019 4:07am Jan 7, 2019 4:07am
EURUSD
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GBPUSD
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USDCHF
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  • #1,903
  • Jan 7, 2019 6:40am Jan 7, 2019 6:40am
Quoting Ivanyo
EURUSD {image} GBPUSD {image} USDCHF {image}
Hi, is in original rules of this strategy the previous candle colour important? I thought that in bullish engulfing the previous candle shall be bearish and vice versa.
Thank you.
  • #1,904
  • Jan 7, 2019 6:56am Jan 7, 2019 6:56am
Quoting hzs10
{quote} SL move to 100.0 when PA reach 150
Happy New Year 2019 hzs and thank you for clarifying. Much appreciated. Wish you all the very best for 2019 and thanks so much for sharing your strategy. Cheers
  • #1,905
  • Jan 7, 2019 4:03pm Jan 7, 2019 4:03pm
Quoting Filip39
{quote} Hi, is in original rules of this strategy the previous candle colour important? I thought that in bullish engulfing the previous candle shall be bearish and vice versa. Thank you.
i'm just following the OP rules as below;
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thanks
  • #1,906
  • Jan 7, 2019 5:22pm Jan 7, 2019 5:22pm
Quoting Ivanyo
{quote} i'm just following the OP rules as below; {image} thanks
You can also add post #253 to the rules. I am reading the whole thread right now.
  • #1,907
  • Jan 7, 2019 10:48pm Jan 7, 2019 10:48pm
Quoting Ivanyo
EURUSD {image} GBPUSD {image} USDCHF {image}
Could you update us on the positions you took, that would be appreciated and save a lot of time!
  • #1,908
  • Jan 8, 2019 1:43am Jan 8, 2019 1:43am
Quoting tillionaire
{quote} Could you update us on the positions you took, that would be appreciated and save a lot of time!
Just as easy to open up a chart and have a look for yourself
  • #1,909
  • Jan 8, 2019 3:49am Jan 8, 2019 3:49am
Hello! Tell the rules have changed, we do not transfer to breakeven when reaching 150% fibo ?
  • #1,910
  • Jan 8, 2019 3:55am Jan 8, 2019 3:55am
I took this NZDCAD short position, but as I suggested in a previous post, you should be a little flexible with the SL and TP. You can see there is a previous low that makes a strong support, so I moved the TP upper, to include a possible 8 pips spread too.

I am curious if it holds and the market returns from there or it goes on to close a TP on level 2 Fibbo. We shall see.

Either way, I am sure no one will be unhappy to take a smaller steak rather than see the market return and start loosing.
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  • #1,911
  • Jan 8, 2019 4:04am Jan 8, 2019 4:04am
AUDNZD
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AUDSGD
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  • #1,912
  • Jan 8, 2019 4:50am Jan 8, 2019 4:50am
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  • #1,913
  • Jan 8, 2019 4:52am Jan 8, 2019 4:52am
Quoting syedtaimur
{image}{image}

AUDNZD I was going to take this one but a supply zone is lurking nearby...hope it breaks through and you make profit...nice buy :-) InshaAllah!
  • #1,914
  • Jan 8, 2019 5:41am Jan 8, 2019 5:41am
Quoting Ivanyo
{quote} Just as easy to open up a chart and have a look for yourself
That's what I have done but I don't know what all the negativity is about, this is just to help others with updating what you've previously posted... but what can I say, you're the funny one, who no one can rely on good luck.

Have a nice day!
  • #1,915
  • Jan 8, 2019 6:05am Jan 8, 2019 6:05am
Happy New Year to all

I did a backtest on the month of Dec 2018 using the original Hzs10 strategy but with trading principles inspired by CFudge and RanilloVince.
Results (in spite of one negative week) were great: 60% gain, risking 4% per trade.

I would like to share:

1. Risk 4% (for purposes of illustration.)
2. Open 2 x positions (2% per position but it can be scaled to your needs)
3. Position 1 TP at fib150 (this banks 1% of capital on nearly every trade).
4. Now move SL for position 2 to Fib100 plus few pips to have risk-free trade.
4. Posiiton 2 takes profit at fib 200 (OR you can ride the trend to maximise profits).
5. I traded every signal like a robot, except the 2 candles where i sleep (African time midnight and 4am)
6. Yes, it's true, when SL is hit, you lose both positions but losing is part of trading.

I look forward to a profitable 2019, thanks very much again Hzs10 for sharing your strategy and experience

It's a winner for us all.
I continue to backtest on all pairs, even OIl, GOLD and Indices, it proves promising.

xxx
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  • #1,916
  • Jan 8, 2019 6:41am Jan 8, 2019 6:41am
Quoting tillionaire
{quote} That's what I have done but I don't know what all the negativity is about, this is just to help others with updating what you've previously posted... but what can I say, you're the funny one, who no one can rely on good luck. Have a nice day!
The time it took you to write that response you would've already known that I TP'ed on 2 orders and BE on the last following the rules of OP. Next you are going to ask me what the rules are.

It's not about negativity - I'm not obligated to share anything with you, so the fact that you demand that I share with you is ridiculous. Learn to read and interpret information for yourself, maybe it'll do you some good.
  • #1,917
  • Jan 8, 2019 8:03am Jan 8, 2019 8:03am
First try with a Gold setup.
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  • #1,918
  • Jan 8, 2019 9:03am Jan 8, 2019 9:03am
Quoting helbor
Happy New Year to all I did a backtest on the month of Dec 2018 using the original Hzs10 strategy but with trading principles inspired by CFudge and RanilloVince. Results (in spite of one negative week) were great: 60% gain, risking 4% per trade. I would like to share: 1. Risk 4% (for purposes of illustration.) 2. Open 2 x positions (2% per position but it can be scaled to your needs) 3. Position 1 TP at fib150 (this banks 1% of capital on nearly every trade). 4. Now move SL for position 2 to Fib100 plus few pips to have risk-free trade. 4. Posiiton...
Hi Helbor,

please when backtesting, do you take bullish engulfing only if the previous candle is bearish and vice versa or you just watch if the high is higher and low is lower by bullish and vice versa by bearish? I haven't found clear answer here in the thread.

Thank you.
  • #1,919
  • Jan 8, 2019 9:25am Jan 8, 2019 9:25am
318 pips in less than 48hrs; Great fun to make pips with this strategy!
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  • #1,920
  • Jan 8, 2019 9:29am Jan 8, 2019 9:29am
Dear forum users welcome! Another idea occurred to me, to trade also only an internal sconce (example on the screenshot)
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