Simple H4 Mobile Trading System | Page 110 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

H4 Mobile Trading Simple Strategy 111 replies

Best Mobile for MT4 mobile platform? 14 replies

MT4 mobile can use to mobile phone with OS android, or iphone or blackberry? 5 replies

MT4 Mobile vs. MT4 Mobile SE - Significant difference? 0 replies

Mobile trader on HP-iPAQ, windows mobile 5.0 6 replies

Attachments: Simple H4 Mobile Trading System
Exit Attachments

Simple H4 Mobile Trading System

  • #2,181
  • Jan 28, 2019 9:10am Jan 28, 2019 9:10am
Quoting Ivanyo
This one from last week closed out TP
I think I missed the TP by a pip or so, even if I included the 10 pips spread taken by my broker.
Still into the trade, I think it will hit that level again.
  • #2,182
  • Jan 28, 2019 1:26pm Jan 28, 2019 1:26pm
Quoting AkronD
Took 2 trades: {image} {image}
Quick update on both the trades:

Loss: -21pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 191 KB


Loss: -15pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 200 KB
  • #2,183
  • Jan 28, 2019 1:51pm Jan 28, 2019 1:51pm
Quoting AkronD
{quote} Quick update on both the trades: Loss: -21pips {image} Loss: -15pips {image}
I would be weary about trading at a resistance level.
I would wait for it to break this level and then look for engulfing bars as confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190128-194704.png Size: 350 KB
  • #2,184
  • Jan 28, 2019 1:58pm Jan 28, 2019 1:58pm
Quoting johnsmith2nd
{quote} I would be weary about trading at a resistance level. I would wait for it to break this level and then look for engulfing bars as confirmation. {image}
How far to the left do you look?

Thanks
  • #2,185
  • Jan 28, 2019 2:22pm Jan 28, 2019 2:22pm
Quoting AkronD
{quote} How far to the left do you look? Thanks
It depends a bit on the time frame. For H4 i would go back and just see how often the price has met resistance at that level, even if it's just once it's possible it will be resistance, you just have to look at price action at these levels to get an idea of if it will reverse or breakout. There are many factors to consider, just what I personally look for.
Maybe look back a couple months for more recent levels, sometimes levels from a year ago can be valid, but personally I look for obvious levels where possibly the majority of traders would look for (self fulfilling prophecy etc).
  • #2,186
  • Jan 28, 2019 2:42pm Jan 28, 2019 2:42pm
Quoting johnsmith2nd
{quote} It depends a bit on the time frame. For H4 i would go back and just see how often the price has met resistance at that level, even if it's just once it's possible it will be resistance, you just have to look at price action at these levels to get an idea of if it will reverse or breakout. There are many factors to consider, just what I personally look for. Maybe look back a couple months for more recent levels, sometimes levels from a year ago can be valid, but personally I look for obvious levels where possibly the majority of traders would...
Most of what you said sounds reasonable to me, I think if you look back a year, do you think you will almost always find a resistance or a support level?

thanks
  • #2,187
  • Jan 28, 2019 5:45pm Jan 28, 2019 5:45pm
Quoting BataviaTrade
{quote} Hi Ivanyo, just out of curiosity, which candle do you qualify as engulfing on this chart?
I had to zoom in a check again - you are right that there is no strict engulfing bar. Unfortunately I was working off a laptop so wasn't as clear as I thought it was.

Great thing about tradingview is that there are scripts to help me with that. I've added a script that helps me paint engulfing bars now so hopefully no more problems.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 78 KB
  • #2,188
  • Jan 29, 2019 4:57am Jan 29, 2019 4:57am
Hello there ,EU tp reached. Is it correct? Sorry for the marking in the picture
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2019-01-29-13-47-47.jpg Size: 564 KB
  • #2,189
  • Jan 29, 2019 11:02pm Jan 29, 2019 11:02pm
guys i have to admit that chasing losers is a dangerous game...i have fallen for the trap and lost quite a bit of money doing this today.

i am going to go back to what works for me, and that is back to the basics;

  1. engulfing bar above 30ema for long, below 30ema for short - enter at opening of new bar
  2. move sl to 1.0 fib level when price reaches 1.5
  3. only trade when i am at a computer, trading on mobile does not work for me
  4. risk the same amount each trade - this will be small enough that i do not worry about the trade and look at it every 5 seconds

i could easily start a new trade explorer and hide my losses but today i got greedy trading cfds and after a good win thought i could win back all my losses with an over-leveraged trade (i.e. gambling).

instead i will go back to what works and trade the system. i will be profitable again, and you will be here to witness it

cheers

  • #2,190
  • Jan 29, 2019 11:04pm Jan 29, 2019 11:04pm
Quoting huseyindogu
Hello there ,EU tp reached. Is it correct? Sorry for the marking in the picture {image}
my friend, this candle does not qualify as a legitimate engulfing bar and also even if you traded it, it did not reach TP.

please read the rules again
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 115 KB
  • #2,191
  • Jan 30, 2019 1:02am Jan 30, 2019 1:02am
Quoting Ivanyo
guys i have to admit that chasing losers is a dangerous game...i have fallen for the trap and lost quite a bit of money doing this today. i am going to go back to what works for me, and that is back to the basics; engulfing bar above 30ema for long, below 30ema for short - enter at opening of new bar move sl to 1.0 fib level when price reaches 1.5 only trade when i am at a computer, trading on mobile does not work for me risk the same amount each trade - this will be small enough that i do not worry about the trade and look at it every 5 seconds...
Looking forward to your posts. I'm doing the same thing, unsuccesfully. Can you elaborate your thought process especially the things you are looking at outside of those 4 things.

Thanks
  • #2,192
  • Jan 30, 2019 1:08am Jan 30, 2019 1:08am
Quoting Ivanyo
engulfing bar above 30ema for long, below 30ema for short

I think there are lots of definitions of what constitutes an engulfing candle - I know Hz put up a definition (the body of todays candle must engulf previous body and also todays h must be higher than yesterdays h and todays l must be lower than yesterdays l) but then she put up a few pics where that definition was adhered to (the engulfing body was less than yesterdays body.
  • #2,193
  • Jan 30, 2019 1:45am Jan 30, 2019 1:45am
Another Trade - EU - BE

Trade moved to 150 before retracing.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 214 KB
  • #2,194
  • Edited 5:05pm Jan 30, 2019 5:13am | Edited 5:05pm
taken out at BE and a bit after it moved to 1.5 fib level
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 77 KB


EDIT

Quoting helbor
{quote} Hello JohnLee97 1. No, for the testing i don't move the SL. Too many winners get to 150, retrace past entry point and eventually hit 200. In real trading i know it's hard not to fiddle with the SL. 2. No preference for body colour. I've tried many different variations of the original strategy to see if i can get better results, but there are losers no matter which way we approach it. I will however make use of the ATR when trading very large signal candles, (and place my SL and TP accordingly) instead of trying to force a winner out of an exceptionally large candle.
helbor - how is your trading going?

i look at my trade again and it would've hit TP if i left it altogether. is leaving it to hit SL or TP working for you?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 107 KB
  • #2,195
  • Jan 30, 2019 6:28pm Jan 30, 2019 6:28pm
stopped out
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 103 KB
  • #2,196
  • Jan 30, 2019 6:35pm Jan 30, 2019 6:35pm
Quoting Ivanyo
stopped out {image}
S&P at work.
  • #2,197
  • Jan 31, 2019 1:51am Jan 31, 2019 1:51am
Quoting Ivanyo
stopped out {image}
Ouch.
Me too.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-01-31 at 9.36.49 AM.png Size: 48 KB
  • #2,198
  • Jan 31, 2019 2:04am Jan 31, 2019 2:04am
The week so far.
Increased my position size this week so losses are bigger (I try and risk a fixed % per trade)
I still get some sizings wrong during the rollover; only have myself to blame for the negative result.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-01-31 at 9.39.04 AM.png Size: 440 KB
Click to Enlarge Name: Screen Shot 2019-01-31 at 9.39.28 AM.png Size: 429 KB
  • #2,199
  • Jan 31, 2019 7:14am Jan 31, 2019 7:14am
Quoting cfudge
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%)...
Hi Chris,
In your extensive backtest on dailies I just have a question to clarify something for me please. If you get an 65% win rate on an R:R of 1:0.5 obviously that is only break even so I presume you don't mean 65% as I am understanding it. I have tried it now but just for two weeks, too small a sample I know, but so far win rate 5 wins to 1 loss.
Look forward to your reply,
Brian.
  • #2,200
  • Edited 10:47am Jan 31, 2019 10:07am | Edited 10:47am
Hi All Great Forum
I have a trade running NZDJPY 4h I am not sure how to take profit, should I close at target 100 or wait to target 200. What about Breakeven?
I am sure you are all experienced trader, so apologies if I should know this.
Hope you can help.
Ian
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 22 KB
0 traders viewing now