My Day Trading System (MDTS) in trend following | Page 2 | 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

  • #21
  • May 18, 2019 1:29pm May 18, 2019 1:29pm
Quoting sriloba
{quote} 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
i'm using 15 min instead of 5 min,because 15min candle have few more pips than 1 min candle.we want to see more valid entries trades and charts to fool proof this strategy.
  • #22
  • May 19, 2019 1:57pm May 19, 2019 1:57pm
Quoting sriloba
{quote} 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
Hi, Sriloba! Would you share your opinion about improving the system? It will be better testing it and share the results starting in opening London session tomorow! Thanks in advance!
  • #23
  • May 20, 2019 1:27am May 20, 2019 1:27am
my first trade with this system
tanx sriloba for sharing ur idea
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.jpg Size: 118 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 5min.jpg Size: 149 KB
  • #24
  • May 20, 2019 3:11am May 20, 2019 3:11am
Hi, Sriloba! Today SL was reached because when I entered a trade H4 was orange /1440 settings/ but now is blue and it is the risk of MTF indicator if the trend is going to change in the exact moment. It is on M5 tpl. On M15 may be is better, but there wasn't any trade on GBPUSD in Friday. What do you think about the problem with MTF in defining the trend? Is there any other solution?
  • #25
  • May 20, 2019 4:36am May 20, 2019 4:36am
EURJPY manualy closed with 9 pip profit
  • #26
  • May 20, 2019 4:44am May 20, 2019 4:44am
Take 50 trades on demo account,if there are 30-35 profitable then only trade on live account,please post your charts thanks.we are still waiting for shri to update us on improved version of this strategy.
  • #27
  • May 20, 2019 5:09am May 20, 2019 5:09am
Quoting miladhekmat
EURJPY manualy closed with 9 pip profit
I saw the H4 gragh repainted several times during 8-12 a.m. and it is natural because it is 1440 settings /D1/. So, entering a trade we couldn't know where the main trend is going to go and we can make a mistake enter in such a trade when the trend is just changing. That is the basic problem - where is the direction of the main trend in the exact moment?
You see that H4 on EURJPY pepainted again and it is orange now - that's why you manually closed the trade!
  • #28
  • May 20, 2019 7:46am May 20, 2019 7:46am
Quoting NatashaM
{quote} I saw the H4 gragh repainted several times during 8-12 a.m. and it is natural because it is 1440 settings /D1/. So, entering a trade we couldn't know where the main trend is going to go and we can make a mistake enter in such a trade when the trend is just changing. That is the basic problem - where is the direction of the main trend in the exact moment? You see that H4 on EURJPY pepainted again and it is orange now - that's why you manually closed the trade!
I usually look at canldes and zones too, the fist reason that I closed the trade was price couldnt brake the zone in 15min and then repainting, at first i thought it was taking liquidity too set new high but i was wrong and closed the trade
  • #29
  • May 20, 2019 9:57am May 20, 2019 9:57am
Hi, traders! On GBPUSD today - 2 entries on M15 - 10.00 and 11.00 GT - sell - 20 green pips. But on M5 - 7.10 GT - SL was reached. On M5 too - 9.25 GT - TP - 27 pips. So - M15 is saver than M5, or we have to filter better our trades on M5.
Sorry, I can not share the chart, because I don't know how to do it. But everyone can see GBPUSD chart for himself and see the GT I just noticed.
  • #30
  • Edited 2:47pm May 20, 2019 2:34pm | Edited 2:47pm
Hi guys!!


I'm still working on the filter based on H1.

I have an idea how to improve the trade. Now I need some live test on a few trades

You will get during this week or next week.

Right now the 20 EMA on H1 gives us a pretty filter.

Stay tune !


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #31
  • May 20, 2019 2:38pm May 20, 2019 2:38pm
Quoting NatashaM
{quote} I saw the H4 gragh repainted several times during 8-12 a.m. and it is natural because it is 1440 settings /D1/. So, entering a trade we couldn't know where the main trend is going to go and we can make a mistake enter in such a trade when the trend is just changing. That is the basic problem - where is the direction of the main trend in the exact moment? You see that H4 on EURJPY pepainted again and it is orange now - that's why you manually closed the trade!
Hi,

Because we set QQE(TF=1440, daily) H4. But don't worry.

When I finish to test filter in H1 you will get more confident to take trades.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #32
  • May 20, 2019 2:41pm May 20, 2019 2:41pm
Quoting NatashaM
Hi, traders! On GBPUSD today - 2 entries on M15 - 10.00 and 11.00 GT - sell - 20 green pips. But on M5 - 7.10 GT - SL was reached. On M5 too - 9.25 GT - TP - 27 pips. So - M15 is saver than M5, or we have to filter better our trades on M5. Sorry, I can not share the chart, because I don't know how to do it. But everyone can see GBPUSD chart for himself and see the GT I just noticed.
Hi,


I missed the trades on GBPUSD. Because I fell asleep in my chair. You know it is very hard to trade during the London open when we live in North America.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #33
  • May 20, 2019 2:53pm May 20, 2019 2:53pm
Hi,


ALWAYS REFRESH H4 BEFORE DOING THE ANALYSIS.




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #34
  • May 20, 2019 6:01pm May 20, 2019 6:01pm
Hi guys,

As promised, here is the improved version of MDTS.

I have made some modifications of the system to fit the new indicators.

We're going to test it together.



Enjoy!!


Sai Ram
Attached File(s)
File Type: rar MyDayTrading.rar   137 KB | 472 downloads
File Type: tpl MDTS_improved.tpl   7 KB | 389 downloads
File Type: docx MDTS.docx   417 KB | 423 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #35
  • May 21, 2019 12:32am May 21, 2019 12:32am
Hi guys,


I've just closed my trade (GBPUSD) by accident. Because I was trying to do a trailing stop that I want to share with you.

I will make a doc for a trailing stop. It uses the breakout of the pattern Higher High (HH) or Lower Low (LL).

By the way, I start trading at midnight Eastern Time until I get 20 pips as a daily goal.


Stay tune!


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: SELL.png Size: 120 KB
Being a fxtrader is not easy. Ones must working hard.
  • #36
  • May 21, 2019 1:06am May 21, 2019 1:06am
Quoting sriloba
Hi, ALWAYS REFRESH H4 BEFORE DOING THE ANALYSIS. Sai Ram
Hi,

Is it repaint?
  • #37
  • May 21, 2019 1:16am May 21, 2019 1:16am
Quoting Iniezta
{quote} Hi, Is it repaint?
Hi,

You can use Daily chart QQE(TF=1440) to determine the trend.




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #38
  • May 21, 2019 2:54am May 21, 2019 2:54am
Hi, Sriloba! Thank you very much for the sharing of the improved system! I will test it and share the results!
  • #39
  • May 21, 2019 4:56am May 21, 2019 4:56am
entered a little late in 15 min chart, if I entered at the right time in 5min chart I would gain 18 pips before my entry, but I hope price break the zone and give me some pips
Attached Image (click to enlarge)
Click to Enlarge Name: enter.jpg Size: 151 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 5min02.png Size: 20 KB
hope price break the zone and give me some pips
  • #40
  • May 21, 2019 5:59am May 21, 2019 5:59am
sl = 16 pips vs tp = 15 pips, close manually with 12 pips
as i entered late my win ratio was below 1:1, I usually trade position that have 1:2 ratio but because we r testing the system my first goal is profitability of the system, 2 trades 2 win tnx sriloba
Attached Image (click to enlarge)
Click to Enlarge Name: close001.jpg Size: 134 KB
0 traders viewing now