My Day Trading System (MDTS) in trend following | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Is Grid Trading (combined trend following and counter trend) Profitable? 3 replies

Trend following or trend fading? 8 replies

A simple 20 Day trend following system 5 replies

SMA - Bollinger long term trend following system 7 replies

PBTrend A Daily Trend Following System 13 replies

Attachments: My Day Trading System (MDTS) in trend following
Exit Attachments

My Day Trading System (MDTS) in trend following

  • #1
  • First Post: Edited Sep 2, 2019 3:42am May 15, 2019 4:38pm | Edited Sep 2, 2019 3:42am
Hi, guys


Now, as promised, I share with you my day trading system.


Enjoy it !!

The MDTS improvement is located in Post#445




Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: MDTS.png Size: 122 KB
Attached File(s)
File Type: rar MyDayTrading.rar   223 KB | 2,519 downloads
File Type: docx MDTS.docx   415 KB | 3,163 downloads
File Type: tpl MDTS.tpl   8 KB | 1,583 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #2
  • May 15, 2019 5:04pm May 15, 2019 5:04pm
Thanks a lot, Sriloba for your sharing. I'll test the system! Thanks once again!
  • #3
  • May 15, 2019 11:06pm May 15, 2019 11:06pm
Hi guys,

I have corrected the template (MDTS) in POST#1.

I forgot to change QQE on TF from 240 to 1440.




Sai Ram
Attached File(s)
File Type: tpl MDTS.tpl   8 KB | 906 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #4
  • May 15, 2019 11:38pm May 15, 2019 11:38pm
This is not a system... Its just a chart with indicators.
A system would
1. have a system to enter and exit and manage risk.
2. Some test results to show it actually works.

If you look at g/u monthly it dosn't seem to be trending much...
been at this level 8 of the past 10 months at this level.. almost like its sorta ranging...
The only system that will work is one designed by and for yourself.
  • #5
  • May 15, 2019 11:54pm May 15, 2019 11:54pm
Quoting bloodpoodle
This is not a system... Its just a chart with indicators. A system would 1. have a system to enter and exit and manage risk. 2. Some test results to show it actually works. If you look at g/u monthly it dosn't seem to be trending much... been at this level 8 of the past 10 months at this level.. almost like its sorta ranging...
Hi,

Did you read the DOCX ?

I take a trend from H4 for day trading. Taking the trend from monthly is too long for day trading.

I have tested this system for a few months on M5. The results are pretty acceptable.

Now I'm testing entering trades on M15. Let's see ...


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #6
  • Edited 4:27am May 16, 2019 1:58am | Edited 4:27am
very good explanation,i will try this method,thanks for sharing.

fortunately All these indicatos have got alerts,which one do you suggest to attach on 22 pairs and what time frame? Thanks,i will do test on demo and post.
  • #7
  • May 16, 2019 2:21am May 16, 2019 2:21am
Hi,

I've just closed my trade GBPUSD for +20 pips


The 4 conditions for SELL are validated and price is trading below the 20 EMA (H1) at the time of entry.

- SL@20 pips from the entry
- TP@20 pips from the entry

RR: 1:1

I entered a short trade on M15

Have a nice day.
Bye

Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: MDTS_M15.png Size: 114 KB
Being a fxtrader is not easy. Ones must working hard.
  • #8
  • May 16, 2019 4:55am May 16, 2019 4:55am
Hi, Sriloba! Would you confirm - what are the settings of QQE - 240 or 1440? The 1 day settings /1440/ is it so long? I've understood the settings are for 4H - that's mean 240? Is there any mistake?
  • #9
  • May 16, 2019 6:05am May 16, 2019 6:05am
Quoting NatashaM
Hi, Sriloba! Would you confirm - what are the settings of QQE - 240 or 1440? The 1 day settings /1440/ is it so long? I've understood the settings are for 4H - that's mean 240? Is there any mistake?
Hi,

I use QQE (TF=1440) in H4 to determine trend. Because this parameter filter the noise of price action. So the trend lasts longer.


You can use QQE(TF=240) in H1 to determine trend. So you will see the trend lasts longer.

To enter a trade on M15 I use macd Osma

So I have updated the template.

Sai Ram
Attached File(s)
File Type: ex4 MACD_OsMA_4ColorH_2LVar_mtf nmc.ex4   24 KB | 979 downloads
File Type: tpl MDTS.tpl   9 KB | 738 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #10
  • May 16, 2019 6:15am May 16, 2019 6:15am
This system is using 2 graphics - 4H and 5 min and the correct settings - you have just written - are 1440 for QQE. But H1 we don't use in this system, isn't it? That' right?
  • #11
  • May 16, 2019 6:19am May 16, 2019 6:19am
I've entered in trade with the system today /H4and M5/ and I've earned 20 pips too on demo in the beginning of my test. I think there is a good perspective for the system - we'll see!
  • #12
  • May 16, 2019 6:22am May 16, 2019 6:22am
Quoting NatashaM
This system is using 2 graphics - 4H and 5 min and the correct settings - you have just written - are 1440 for QQE. But H1 we don't use in this system, isn't it? That' right?
Hi,

Yes. We use QQE(TF=1440) in H4 to determine the current trend.




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #13
  • May 16, 2019 6:26am May 16, 2019 6:26am
Quoting NatashaM
I've entered in trade with the system today /H4and M5/ and I've earned 20 pips too on demo in the beginning of my test. I think there is a good perspective for the system - we'll see!
Hi,


Do the Demo first until you have confidence in the system then you can start live in micro account to put yourself in the water.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #14
  • May 16, 2019 7:24am May 16, 2019 7:24am
Hi, Sriloba! Do you use other pairs or just GBPUSD ?
  • #15
  • May 16, 2019 9:22am May 16, 2019 9:22am
Quoting LabiFx
Hi, Sriloba! Do you use other pairs or just GBPUSD ?
Hi,


I trade GBPUSD 90% of the time then EURJPY, EURUSD, AUDUSD

My daily goal is 20 pips




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #16
  • May 16, 2019 9:55am May 16, 2019 9:55am
Quoting sriloba
{quote} Hi, I trade GBPUSD 90% of the time then EURJPY, EURUSD, AUDUSD My daily goal is 20 pips Sai Ram
Thanks for the quick response.
  • #17
  • May 16, 2019 12:59pm May 16, 2019 12:59pm
is there any mobile alert on any of these indicators? it would save our screen time.
  • #18
  • May 16, 2019 1:05pm May 16, 2019 1:05pm
Quoting T4Trade
is there any mobile alert on any of these indicators? it would save our screen time.
Hi,


There isn't any mobile alerts.

But someone can make ones.

I'm very sorry I don't have any knowledges in programming.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #19
  • May 18, 2019 1:30am May 18, 2019 1:30am
Hi sriloba have you tried this on the daily ???

cheers
  • #20
  • May 18, 2019 7:27am May 18, 2019 7:27am
Quoting paul72
Hi sriloba have you tried this on the daily ??? cheers
Hi,


No. Now, I have a better solution to filter a signal when enter a trade on M5.

I will update the Docx later before the markets open.

Stay tune!




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
0 traders viewing now