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My Day Trading System (MDTS) in trend following

  • #201
  • Jun 10, 2019 1:21pm Jun 10, 2019 1:21pm
Quoting sriloba
{quote} Hi, Study the charts attached below. Is it ok? Sai Ram {image}
Hi, traders! The entry setup on exampled gragh would be easier to analize and to take a decision for BUY ENTRY if you add a CCI indicator. The exact moment is confirmed by -100 level and the 3 Force indicators - H4,H1 and M15. Try it and see!
  • #202
  • Jun 10, 2019 1:31pm Jun 10, 2019 1:31pm
Quoting NatashaM
{quote} Hi, traders! The entry setup on exampled gragh would be easier to analize and to take a decision for BUY ENTRY if you add a CCI indicator. The exact moment is confirmed by -100 level and the 3 Force indicators - H4,H1 and M15. Try it and see!
Natasha,
why don't you post a chart to illustrate your point? (what CCI indicator, what is the value of the CCI indi you have in mind, what does -100 confirm - end of pullback?)
Thank you.
  • #203
  • Jun 10, 2019 2:05pm Jun 10, 2019 2:05pm
Quoting MidnightRun
{quote} Natasha, why don't you post a chart to illustrate your point? (what CCI indicator, what is the value of the CCI indi you have in mind, what does -100 confirm - end of pullback?) Thank you.
I'm very sorry, but I don't know how to paste a chart as an image in order to illustrate. CCI with default settings /14/ I use in order to see where the retracement is finishing /levels 100 and -100/ - only on H1 and M30. To enter on M15 I use the confirmation of force histograms.
  • #204
  • Jun 11, 2019 8:41am Jun 11, 2019 8:41am
Quoting NatashaM
{quote} Hi, traders! The entry setup on exampled gragh would be easier to analize and to take a decision for BUY ENTRY if you add a CCI indicator. The exact moment is confirmed by -100 level and the 3 Force indicators - H4,H1 and M15. Try it and see!
Could you post a chart with the CCI?
Guppy re-invented All Time Return: 83.3%
  • #205
  • Jun 11, 2019 9:52am Jun 11, 2019 9:52am
Quoting 8tango
{quote} Could you post a chart with the CCI?
Sorry, I've just already written that I don't know how to do it technically. But you can add a standart CCI indi with default settings and see where the retracement just finished. It is for confirming.
  • #206
  • Jun 11, 2019 11:09am Jun 11, 2019 11:09am
There was no entry setup for GBPUSD yesterday and today too. The main trend is changing several times.
  • #207
  • Jun 11, 2019 12:12pm Jun 11, 2019 12:12pm
Hi,


Today I went LONG on EURUSD. It's still running.

H4: The trend was up

H1 and M30: CCI was below -100 (oversold)-- We need CCI, only H1 or M30, is oversold --- pullback that we want

M15: Enter LONG when the 3 Forces agreed

TP at 20 pips from the entry, the trade is protected by SL(2 pips)

Let's see ...




Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: BUY.png Size: 103 KB
Being a fxtrader is not easy. Ones must working hard.
  • #208
  • Jun 11, 2019 12:17pm Jun 11, 2019 12:17pm
Quoting NatashaM
{quote} Sorry, I've just already written that I don't know how to do it technically. But you can add a standart CCI indi with default settings and see where the retracement just finished. It is for confirming.
Right click on the chart, look at the lower part of the dialogue box that will open, you;ll see the option of "save as picture", click OK and the image of the chart will be saved in your folder where you normally save files by default.
  • #209
  • Jun 11, 2019 12:34pm Jun 11, 2019 12:34pm
Hi,


I decided to close manually EURUSD with +10 pips.

London is closed. The market is very slow.

Hope tomorrow the trade will be successful.


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: BUY.png Size: 43 KB
Being a fxtrader is not easy. Ones must working hard.
  • #210
  • Jun 11, 2019 12:53pm Jun 11, 2019 12:53pm
Hi,


For the next trade session, I will add 6 more pairs in my radar.

London/New York session:
GBPUSD, EURUSD, AUDUSD, USDCAD, NZDUSD, EURJPY, GBPJPY

Asian session:
EURJPY, GBPJPY, AUDJPY, CHFJPY, EURAUD

But I'm not guaranty that I trade Asian session.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #211
  • Edited 2:25pm Jun 11, 2019 2:11pm | Edited 2:25pm
Hi,

I just want to remind you a few things on the path of forex trading.

The DEMO is only to learn the MetaTrader.

Use the micro account for testing the strategy. I, personally, use a micro lot of live account to test the new indicator or new system. With a micro lot and risk

management, we are not going to destroy the whole account.

Trading for a living, I, personally, use 1000$ to start and increase fund gradually to reach 7500$.

I risk 3-5% of my initial capital. 5% is too much but if we have a system with 75-80% of the hedge then there is no fear of trading.


This is my experience.


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #212
  • Jun 12, 2019 7:41am Jun 12, 2019 7:41am
Quoting sriloba
Hi, For the next trade session, I will add 6 more pairs in my radar. London/New York session: GBPUSD, EURUSD, AUDUSD, USDCAD, NZDUSD, EURJPY, GBPJPY Asian session: EURJPY, GBPJPY, AUDJPY, CHFJPY, EURAUD But I'm not guaranty that I trade Asian session. Sai Ram
London/New York session: GBPUSD, EURUSD, AUDUSD, USDCAD, NZDUSD, EURJPY, GBPJPY => 7 pairs * 4 timeframes each pair => 28 charts.How to switch between different pairs with one MT4?
Guppy re-invented All Time Return: 83.3%
  • #213
  • Jun 12, 2019 8:24am Jun 12, 2019 8:24am
Quoting 8tango
{quote} London/New York session: GBPUSD, EURUSD, AUDUSD, USDCAD, NZDUSD, EURJPY, GBPJPY => 7 pairs * 4 timeframes each pair => 28 charts.How to switch between different pairs with one MT4?
It is impossible so many pairs on one monitor - you may use two computors or you have to swith between several pairs, like I do that.
  • #214
  • Jun 12, 2019 8:28am Jun 12, 2019 8:28am
GBPJPY - BUY - 24 green pips - setup at 11.00 GT
  • #215
  • Jun 12, 2019 3:34pm Jun 12, 2019 3:34pm
Today several succesful trades: GBPUSD - early in the morning; USDCHF; USDCAD; GBPJPY. I've traded only GBPJPY, the others I missed.
The main problem in trading the system, in my opinion is: everyone to take a care: when CCI is showing us the retracement is over on H1 and we have the alignment of the 3 force indicators on M15 - be carefull in the exact moment not to change the main trend on H4. Otherwise the system is exellent.
  • #216
  • Jun 13, 2019 2:10am Jun 13, 2019 2:10am
Hi,


If it is hard to align the 3 Forces then I have something alternative to use.

It is a system that I was using 10 years ago and, now, I have to implement the alignment.

Now I'm testing in a live account for a few trades then I will share with you.

Stay tuned!



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #217
  • Jun 13, 2019 3:25am Jun 13, 2019 3:25am
Quoting sriloba
Hi, If it is hard to align the 3 Forces then I have something alternative to use. It is a system that I was using 10 years ago and, now, I have to implement the alignment. Now I'm testing in a live account for a few trades then I will share with you. Stay tuned! Sai Ram
Hi, Sriloba,
I found the indicator(under the 15m chart, H4 force mod line, it moved down zero and after several bars, it moved back.) repainted, is this normal?

Thanks!

Hhhjiu
  • #218
  • Jun 13, 2019 4:57am Jun 13, 2019 4:57am
Quoting sriloba
Hi, If it is hard to align the 3 Forces then I have something alternative to use. It is a system that I was using 10 years ago and, now, I have to implement the alignment. Now I'm testing in a live account for a few trades then I will share with you. Stay tuned! Sai Ram
Hi, Sriloba! Would you share with us your new idea in order we to test it too? It would be better much more opinion! Thanks!
  • #219
  • Jun 13, 2019 5:25am Jun 13, 2019 5:25am
Quoting sriloba
Hi, If it is hard to align the 3 Forces then I have something alternative to use. It is a system that I was using 10 years ago and, now, I have to implement the alignment. Now I'm testing in a live account for a few trades then I will share with you. Stay tuned! Sai Ram
I agree with you, Sriloba! I've found it is really difficult to align the 3 forces, because of MTF - they repaint - it is normal. That's why it's necessary to use an indicator not MTF for M15 in order to confirm the entry for sure.
  • #220
  • Jun 13, 2019 8:32am Jun 13, 2019 8:32am
Quoting NatashaM
{quote} I agree with you, Sriloba! I've found it is really difficult to align the 3 forces, because of MTF - they repaint - it is normal. That's why it's necessary to use an indicator not MTF for M15 in order to confirm the entry for sure.
Hi,


If you don't like MTF_XXX indicator you can confirm in the time frame itself (H4_H1).





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