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Simple H4 Mobile Trading System

  • #2,141
  • Jan 24, 2019 8:39pm Jan 24, 2019 8:39pm
Quoting JustPipMe
{quote} Yo Chris, how are forward results going? Glad to see you on this thread...
Hey JPM

I am doing well with this...
I have two graphs to show, 1 is a set of new daily trades since Jan 11 2019

The second is from Sept. 27 2018, the time I started testing live. This graph has two really big false moves because of wrong position sizes the small positive one was a gain of $250+/- the other catastrophe was a whopper at a loss of $800+/-. This is why I started again as I did not have a good idea of how it is going.

Note: The end of graph two is graph one.

Chris
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  • #2,142
  • Edited 9:36pm Jan 24, 2019 9:14pm | Edited 9:36pm
AUD pairs no good
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  • #2,143
  • Jan 25, 2019 12:12am Jan 25, 2019 12:12am
Hi Guys -

This is a fantastic thread, keep up the good work !

I scored a few pips, about +30 pips, please provide your feedback.

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Thanks
  • #2,144
  • Jan 25, 2019 1:14am Jan 25, 2019 1:14am
Quoting Ivanyo
{quote} Took this and also GBPJPY
Well done you made good pips. May I ask, do you open trade on the open of the new bar AFTER the engulfing bar?
  • #2,145
  • Jan 25, 2019 4:20am Jan 25, 2019 4:20am
As I thought, using NO TS but only TP and SL, is much better for my performances!
  • #2,146
  • Jan 25, 2019 5:52am Jan 25, 2019 5:52am
Quoting johnsmith2nd
{quote} Well done you made good pips. May I ask, do you open trade on the open of the new bar AFTER the engulfing bar?
Correct - open on new bar

New one TP
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  • #2,147
  • Jan 25, 2019 7:32pm Jan 25, 2019 7:32pm
Ideal is when there is an outside bar and at the same time body is engulfed as well. This happening close to ema 30, well there is to be a ride.
My TPs are around weekly classic pivots. There are often very interesting RRs.
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  • #2,148
  • Jan 26, 2019 1:13am Jan 26, 2019 1:13am
This happens as well. Setup - outside bar and engulfed body, crossing 8 ema is often a start of a major move like showed in the picture.
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  • #2,149
  • Jan 26, 2019 3:20pm Jan 26, 2019 3:20pm
Guys - looking for some assistance. Took the following trade last week:

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-90 pips (on demo). Would be helpful if you could point out what could be wrong.

Thanks in advance.
  • #2,150
  • Jan 26, 2019 3:24pm Jan 26, 2019 3:24pm
Quoting AkronD
Guys - looking for some assistance. Took the following trade last week: {image} -90 pips (on demo). Would be helpful if you could point out what could be wrong. Thanks in advance.
I do not see any valid engulfing at where you are pointing.
  • #2,151
  • Jan 26, 2019 3:35pm Jan 26, 2019 3:35pm
Quoting tillionaire
{quote} I do not see any valid engulfing at where you are pointing.
Hey thanks mate

Just define some rules, Is there a post or a link you can refer me too which has the rules. I've been through like the first 15 pages, there are a few different methods.

thanks in Advance.
  • #2,152
  • Jan 26, 2019 3:38pm Jan 26, 2019 3:38pm
Quoting AkronD
{quote} Hey thanks mate Just define some rules, Is there a post or a link you can refer me too which has the rules. I've been through like the first 15 pages, there are a few different methods. thanks in Advance.
Looks like a valid engulfing to me but generated by news.

Engulfing generated by news should be ignored I think, at least that's what's caused me big losing streak last week.
  • #2,153
  • Jan 26, 2019 3:49pm Jan 26, 2019 3:49pm
How about this one - lost 35 pips or so.

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This one did goto 150, so could have got out.

Thanks in Advance.
  • #2,154
  • Jan 26, 2019 3:51pm Jan 26, 2019 3:51pm
Quoting Ivanyo
{quote} Looks like a valid engulfing to me but generated by news. Engulfing generated by news should be ignored I think, at least that's what's caused me big losing streak last week.
Thanks mate - do we have an area which consolidates these little gems?

Thanks
  • #2,155
  • Jan 26, 2019 5:04pm Jan 26, 2019 5:04pm
Quoting AkronD
How about this one - lost 35 pips or so. {image} This one did goto 150, so could have got out. Thanks in Advance.
Must be 150% breakeven
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  • #2,156
  • Jan 26, 2019 5:55pm Jan 26, 2019 5:55pm
HI AkronD, in the first case was an engulfing created by a news, something artificial and avoiding the future, and in the case of two, you had a consolidation area before, so to avoid it.

You do not have to take all the positions, the secret in forex, from my point of view, are the positions you do not take, those with the low rate of success.
  • #2,157
  • Jan 26, 2019 8:09pm Jan 26, 2019 8:09pm
In my opinion I feel with this method you need to take every signal. NO MATTER WHAT!!!

I can show you many examples of filtered trades that did not make it and I can show you trades that looked bad but made it.

I will add that I trade differently than page 1. This difference is why I do not filter trades, I have tested close to a thousand trades on over a dozen pairs going back 5 years in some pairs and I am confident in trading this without filters.

If you look back a few pages you will see how I trade and which pairs to use (win rates over 65%)

Chris

@AkronD...I would have taken both those trades that you posted...my way
  • #2,158
  • Jan 26, 2019 8:21pm Jan 26, 2019 8:21pm
Quoting AkronD
Guys - looking for some assistance. Took the following trade last week: {image} -90 pips (on demo). Would be helpful if you could point out what could be wrong. Thanks in advance.
After such huge candle there is to be a pullback, especially when it is end of AB=CD.
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  • #2,159
  • Edited 8:59pm Jan 26, 2019 8:26pm | Edited 8:59pm
Quoting AkronD
How about this one - lost 35 pips or so. {image} This one did goto 150, so could have got out. Thanks in Advance.
Here you were buying into Supply/Demand zone.
Big round number 110.00, lots of spikes...

Have different candles as my 4 h interval is other. On the other hand there is a signal outside red candle with bodies engulfed, closed crossing 8 ema, signaling a major move down.
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  • #2,160
  • Jan 26, 2019 9:14pm Jan 26, 2019 9:14pm
Same here. Price crossed ema 30, crossed as body engulfed outside candle and closed under 8 ema.

Now it is a free trade.
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