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My Day Trading System (MDTS) in trend following

  • #61
  • May 22, 2019 12:00pm May 22, 2019 12:00pm
Quoting NatashaM
{quote} Would you clear in details - H4 /settings/, then H1 /settings/ or directly on M15? Would you write down in details Sriloba, please? Thanks!
Hi,


It is very good idea that I have to update the doc.


Stay tune!



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #62
  • May 22, 2019 1:10pm May 22, 2019 1:10pm
Quoting sriloba
{quote} Hi, It is very good idea that I have to update the doc. Stay tune! Sai Ram
Thank you, Sriloba! Thank you very much, I'm sure - all of us appreciate your great work!!!
  • #63
  • May 22, 2019 3:54pm May 22, 2019 3:54pm
Hi guys,


As promised, I have updated the DOC.




Enjoy!



Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: MDTS.png Size: 122 KB
Attached File(s)
File Type: docx MDTS.docx   669 KB | 428 downloads
File Type: rar MyDayTrading.rar   137 KB | 366 downloads
File Type: tpl MDTS_improved.tpl   9 KB | 356 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #64
  • May 22, 2019 4:00pm May 22, 2019 4:00pm
Quoting sriloba
Hi guys, As promised, I have updated the DOC. Enjoy! Sai Ram {file} {file} {file} {image}
Thanks again, Sriloba! I'll test it and share!
  • #65
  • May 23, 2019 9:44am May 23, 2019 9:44am
Hi, traders! Today - AUDUSD on M15 - 7.45 GT - SELL - but the price moved only 7 pips and changed in the oposite direction - I've closed with 15 pips lose. On GBPUSD there wasn't any entry on M15 or at M5. On EURUSD on M15 there was an unsure entry in 7.45 GT /the price just slightly touched the 5 EMA of the high/ and reentry in 14.00 on M5 with 30 green pips. The most sure entry in my opinion was on EURJPY on M15 in 6.45 and 7.45 GT with 70 pips in profit. USDCAD didn't make any correction to enter in trade.
That is my statistic for today. We have to monitoring the trades only live, because QQE repaints during the movement of the price and it is natural because of the MTF indicator, but the trick in my opinion is to catch the accordance between the indicators in the 3 timeframes - H4-H1-M15 and to see how the system is working.
  • #66
  • May 23, 2019 12:49pm May 23, 2019 12:49pm
Hi guys,


I have tested only 2 trades so far to enter a trade by using the TRAILING STOP.

After 2 trades winners, I gained more confidence regarding the rhythm of the market.

I think it is too soon to share with you. Let me do some more trades.

Then I will share it with you.

Stay tune!


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #67
  • May 23, 2019 12:57pm May 23, 2019 12:57pm
Quoting NatashaM
Hi, traders! Today - AUDUSD on M15 - 7.45 GT - SELL - but the price moved only 7 pips and changed in the oposite direction - I've closed with 15 pips lose. On GBPUSD there wasn't any entry on M15 or at M5. On EURUSD on M15 there was an unsure entry in 7.45 GT /the price just slightly touched the 5 EMA of the high/ and reentry in 14.00 on M5 with 30 green pips. The most sure entry in my opinion was on EURJPY on M15 in 6.45 and 7.45 GT with 70 pips in profit. USDCAD didn't make any correction to enter in trade. That is my statistic for today. We have...
Hi,


Aligning QQE (H4 and H1) gives less signals. This is the concept of taking the same direction of the 2 TFs.

Now, you can choose only the trend in the H4 then wait for price pulls back to the 5 EMA(H_L) finally, enter a trade in M15.

This strategy gives more signals. The problem is we do not know when price changes the directions.

That why the TRAILING STOP ENTRY will tell us more about the behavior of price action.

We will see....





Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #68
  • May 24, 2019 1:57am May 24, 2019 1:57am
Hi guys,

I've just closed GBPUSD with +23 pips.

This is my third trade winner using the TRAILING STOP ENTRY.

The trend is up on H4 and H1

H1:

1) Price touches the 5 EMA (low)
2) Force index bar (Blue) is above zero
Then go to M15 at the candle 8:00

M15:

Buy when the candle closes above the high of the previous candle. If the price does not break above the high of the previous candle in the next 15 minute, this trigger level will move to the high of the next candle.
The candle 8: 15, finally, closes above the high of the candle 2

I will put it in doc this weekend

Stay tune

Have a nice weekend


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: BUY.png Size: 126 KB
Being a fxtrader is not easy. Ones must working hard.
  • #69
  • May 24, 2019 7:21am May 24, 2019 7:21am
Quoting sriloba
Hi guys, I've just closed GBPUSD with +23 pips. This is my third trade winner using the TRAILING STOP ENTRY. The trend is up on H4 and H1 H1: 1) Price touches the 5 EMA (low) 2) Force index bar (Blue) is above zero Then go to M15 at the candle 8:00 M15: Buy when the candle closes above the high of the previous candle. If the price does not break above the high of the previous candle in the next 15 minute, this trigger level will move to the high of the next candle. The candle 8: 15, finally, closes above the high of the candle 2 I will put it in...
Hi, Sriloba! I can see a precised entry on these charts on M15 having in mind H-L of the previous candle before the entry candle. But I can not understand what do you mean TRAILING STOP ENTRY at this setup? Please, clear us! Thanks!
  • #70
  • May 24, 2019 12:55pm May 24, 2019 12:55pm
Quoting NatashaM
{quote} Hi, Sriloba! I can see a precised entry on these charts on M15 having in mind H-L of the previous candle before the entry candle. But I can not understand what do you mean TRAILING STOP ENTRY at this setup? Please, clear us! Thanks!
Hi,

I use the concept of Dr Alexander Elder : The Triple screen.

H4:
He uses the trend following indicators for the long term screen to aid in identifying the trend.
Here, we use QQE (FT=1440 or 240). For longer trend use QQE (TF=1440) or for use QQE(TF=240) for short trend. Because you will see the direction changes often.

GBPUSD is up in H4

HI:
He uses the oscillators for the intermediate term to help know when a pullback is in place.
Our task is to try to determine just when to enter. We would like to know when the retracement is complete and the prevailing trend will continue.
We use Force Index(2 EMA, close).

GBPUSD retraces to the 5 ema(low). Then the candle (7:00 GMT) closes with Force Index bar above the zero (Blue). This indicates the pullback is finished. Then we go to M15 to BUY.

M15:

We buy the GBPUSD by using the breakout of the previous high.
The chart below, M15, shows the candle 2 (8:00) did not break the previous high the candle 1. So we check the next candle of 15 minutes to form.
Now the candle 3 breaks the high of the candle 2. We enter a BUY trade at the candle 3 closes. This technic calls the TRAILING STOP ENTRY.

Hope this can help you.


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: BUY.png Size: 129 KB
Being a fxtrader is not easy. Ones must working hard.
  • #71
  • May 24, 2019 2:15pm May 24, 2019 2:15pm
Quoting sriloba
{quote} Hi, I use the concept of Dr Alexander Elder : The Triple screen. H4: He uses the trend following indicators for the long term screen to aid in identifying the trend. Here, we use QQE (FT=1440 or 240). For longer trend use QQE (TF=1440) or for use QQE(TF=240) for short trend. Because you will see the direction changes often. GBPUSD is up in H4 HI: He uses the oscillators for the intermediate term to help know when a pullback is in place. Our task is to try to determine just when to enter. We would like to know when the retracement is complete...
Thanks, Sriloba for your quick and clear responce. But I've noticed that on M15 MACD histogram bar on candle 2 is orange - then there is no matter the level of its close /higher or lower to the tpevious one - candle 1/, because we need first the histogram to become blue in order to enter a LONG trade. We have to enter after the candle 3 closes, because the first blue bar was formed.
May be you mean - if this candle 3 had closed lower than the candle 2 /when the signal really was formed/, then we have to wait to the next candle to close higher to enter a LONG trade. Is it so? Thanks in advance!
  • #72
  • May 27, 2019 8:35am May 27, 2019 8:35am
Hi, traders! I didn't find any entry today - there was no trend to any pair.
  • #73
  • May 27, 2019 8:47am May 27, 2019 8:47am
Quoting NatashaM
Hi, traders! I didn't find any entry today - there was no trend to any pair.

Hi,


Today, no news. US and GBP banks are closed. Ones should not trade.




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #74
  • May 28, 2019 6:07am May 28, 2019 6:07am
Quoting sriloba
Hi, guys Now, as promised, I share with you my day trading system. Enjoy it !! The improved version of MDTS is located in Post#63 Sai Ram {file} {file} {file} {image}
I downloaded it on my mobile phone, but I can't open, is it only working on PC?
  • #75
  • May 28, 2019 6:57am May 28, 2019 6:57am
Hi, traders! Is there anyone testing the Sriloba's system and what are your results? Would you share in order to confirm or corect the system?
  • #76
  • Edited 8:30am May 28, 2019 7:22am | Edited 8:30am
Hi guys,

My trade GBPUSD is stopped out by using a trailing stop.

After I got +9 pips I put [email protected] and TP@22 pips from entry and went to bed.

The trend is down and only looking to sell in LTF.

I will share with you the new improvement of the MDTS very soon.

The improvement is aligning the trend H4 ( the cross of 5/10 EMA, I like so much) with the trend H1( QQE is above/below 50 level).
And enter a trade in M15. (See the second chart in black attached below)

Stay tune!


Sai Ram
Attached Image(s) (click to enlarge)
Click to Enlarge Name: MDTS.png Size: 125 KB
Click to Enlarge Name: MDTSB.png Size: 121 KB
Being a fxtrader is not easy. Ones must working hard.
  • #77
  • May 28, 2019 8:25am May 28, 2019 8:25am
Hi,

As promised, here is the second improvement of the system.




Enjoy!


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: MDTSB.png Size: 118 KB
Attached File(s)
File Type: rar MyDayTrading.rar   238 KB | 442 downloads
File Type: docx MDTS.docx   605 KB | 434 downloads
File Type: tpl MDTS_improved2.tpl   9 KB | 363 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #78
  • May 28, 2019 9:21am May 28, 2019 9:21am
Hi guys,

I've just put a sell aggressive trade GBPUSD.



Let see ....



Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: SELL.png Size: 128 KB
Being a fxtrader is not easy. Ones must working hard.
  • #79
  • May 28, 2019 11:25am May 28, 2019 11:25am
Quoting sriloba
Hi, As promised, here is the second improvement of the system. Enjoy! Sai Ram {file} {file} {file} {image}
Thank you, Sriloba! We'll try and see......the first or the second improvement is a better one! GBPUSD is still ranging from 8.15 GT till now - but we'll see when breaking higer or lower - we are testing now.
  • #80
  • May 28, 2019 2:42pm May 28, 2019 2:42pm
Quoting NatashaM
{quote} Thank you, Sriloba! We'll try and see......the first or the second improvement is a better one! GBPUSD is still ranging from 8.15 GT till now - but we'll see when breaking higher or lower - we are testing now.
Hi,

I like the second one. Because I have used more than 10 years the cross of 5/10 EMA to determine the current trend on H4.

Then, for the first time, I use QQE on H1 to analyze the medium current trend aligning with the one on H4. It is powerful for the high probability of trade.

Also, I think the interval of using time frames is the factor of 4 (H4_H1_M15) is helping to analyze top-down accurately.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
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