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Simple H4 Mobile Trading System

  • #2,121
  • Jan 24, 2019 1:38am Jan 24, 2019 1:38am
Gonna share something for what its worth

- Using EA to manage my positions
- Rules are the same as in page 1
- Traded through news as well
- Using 0.03 lot size - fixed

Results:

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Entities should not be multiplied without necessity - Occam's razor
  • #2,122
  • Jan 24, 2019 2:41am Jan 24, 2019 2:41am
Quoting ranilo.vince
{quote} these are the perfect examples where you can say that there's really no perfect system or strategy. no matter how good it is, there will always be times where you will lose eventhough you followed your plan. that is why you have to control your risk and in the long run, you will still succeed. number one that we should consider is proper money management before anything else.
You're absolutely correct bro!
  • #2,123
  • Jan 24, 2019 3:42am Jan 24, 2019 3:42am
Heads up: 3 GBP pairs printing a bearish engulfing candle. 20 minutes more before close...
We're not here to be right, we're here to Profit Consistently!
  • #2,124
  • Jan 24, 2019 4:22am Jan 24, 2019 4:22am
Quoting ranilo.vince
{quote} these are the perfect examples where you can say that there's really no perfect system or strategy. no matter how good it is, there will always be times where you will lose eventhough you followed your plan. that is why you have to control your risk and in the long run, you will still succeed. number one that we should consider is proper money management before anything else.
That is why we were advise to learn the basis first. This system is not just a complete mechanical system if I must tell you. Otherwise you would have just teach a 10 years old child to make money in the long run but I am afraid it won't work that way.

We must also learn to read PA. I don't see anyone crossing the road blindfolded and expect not to be crushed.
Personally, I won't take any of those trades.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #2,125
  • Jan 24, 2019 4:27am Jan 24, 2019 4:27am
This is trading into supply/resistance whatever you wanted to call it. These are the basis of forex that must be learnt first.
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #2,126
  • Jan 24, 2019 4:30am Jan 24, 2019 4:30am
Same as EU.
This is just my guiding principles
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #2,127
  • Jan 24, 2019 4:50am Jan 24, 2019 4:50am
Quoting ejiexe
This is trading into supply/resistance whatever you wanted to call it. These are the basis of forex that must be learnt first. {image}
Execute the trading system, do not predict the market
  • #2,128
  • Jan 24, 2019 5:44am Jan 24, 2019 5:44am
Quoting pilipala
{quote} Execute the trading system, do not predict the market
Do you think there is complete mechanical system without using your brain?

Do you also mean Support/Resistance does not exist?
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #2,129
  • Jan 24, 2019 6:12am Jan 24, 2019 6:12am
[quote = ejiexe; 11921198] {quote}你认为没有使用你的大脑有完整的机械系统吗？你还意味着支持/阻力不存在吗？[/ quote]
I think you should form your own system and be profitable.
  • #2,130
  • Jan 24, 2019 6:28am Jan 24, 2019 6:28am
Quoting ejiexe
This is trading into supply/resistance whatever you wanted to call it. These are the basis of forex that must be learnt first. {image}
''...whatever you wanted to call it.'' ?

I agree with your sentiment, however traders should be aware that there is a difference between Supply+Demand Zones (which I trade) and Support and Resistance Lines (which I don't).

That's S+D on your chart, though missing a number of minor zones.

Even if a trader doesn't use S+D directly in their day-to-day method, it is a worthwhile study to get a grasp of what is going on in the landscape around you, especially in the higher time frames (as in your H4 examples and above).
  • #2,131
  • Jan 24, 2019 6:38am Jan 24, 2019 6:38am
Quoting lemercenaire
{quote} ''...whatever you wanted to call it.'' ? I agree with your sentiment, however traders should be aware that there is a difference between Supply+Demand Zones (which I trade) and Support and Resistance Lines (which I don't). That's S+D on your chart, though missing a number of minor zones. Even if a trader doesn't use S+D directly in their day-to-day method, it is a worthwhile study to get a grasp of what is going on in the landscape around you, especially in the higher time frames (as in your H4 examples and above).
Thank you for buttressing it. That is exactly what I was saying. There is no doubt that the system works very well. In fact, I have added it to my trading arsenal but I won't take all setup. I know that from experience anyway and that is my message for newbies. OP said it that one should learn basis of trading first.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #2,132
  • Jan 24, 2019 6:57am Jan 24, 2019 6:57am
Quoting ejiexe
This is trading into supply/resistance whatever you wanted to call it. These are the basis of forex that must be learnt first. {image}
You're very correct bro!
  • #2,133
  • Jan 24, 2019 6:59am Jan 24, 2019 6:59am
Quoting ejiexe
Same as EU. This is just my guiding principles {image}
Can you kindly share this your supply/demand indicator, pls?
  • #2,134
  • Jan 24, 2019 2:17pm Jan 24, 2019 2:17pm
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  • #2,135
  • Jan 24, 2019 2:40pm Jan 24, 2019 2:40pm
Cable, potential setup. 2 hours to new candle. I will look to open a buy trade on new candle.
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  • #2,136
  • Jan 24, 2019 4:39pm Jan 24, 2019 4:39pm
Quoting johnsmith2nd
Cable, potential setup. 2 hours to new candle. I will look to open a buy trade on new candle. {image}
Took this and also GBPJPY
  • #2,137
  • Edited 6:04pm Jan 24, 2019 5:52pm | Edited 6:04pm
Couple of winners to kick off the day and one hit SL also.

Let's see if I can reverse my string of losses from yesterday.
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  • #2,138
  • Jan 24, 2019 7:41pm Jan 24, 2019 7:41pm
This is how I trade the daily chart. I will post a new graph update later...
Just to re-cap, I take every signal, I set pending orders at the high or low of the engulf candle and set SL at high/low and TP is 150fib, I do not care about any directional bias, ( I follow indicator direction...no MA used either) I use a fixed position size on all trades, if a trade has not triggered and a candle closes beyond SL I cancel trade, if a trade is active and an opposite signal shows up but does not hit SL I close with a small loss, if a trade is open and I get a close beyond 1/2 way to 150fib I close and finally if a second signal of the same direction shows up during an active trade I will open a second trade at twice the position size.
The backtest results show the high win rate I feel is needed to trade this way...

Chris
  • #2,139
  • Jan 24, 2019 8:07pm Jan 24, 2019 8:07pm
Quoting cfudge
This is how I trade the daily chart. I will post a new graph update later... Just to re-cap, I take every signal, I set pending orders at the high or low of the engulf candle and set SL at high/low and TP is 150fib, I do not care about any directional bias, ( I follow indicator direction...no MA used either) I use a fixed position size on all trades, if a trade has not triggered and a candle closes beyond SL I cancel trade, if a trade is active and an opposite signal shows up but does not hit SL I close with a small loss, if a trade is open and...
Yo Chris, how are forward results going? Glad to see you on this thread...
A snails pace wins the race :-)
  • #2,140
  • Jan 24, 2019 8:19pm Jan 24, 2019 8:19pm
Quoting timidave
{quote} Can you kindly share this your supply/demand indicator, pls?
This is not an indicator. I just draw a rectangle from the candle
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
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