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My Day Trading System (MDTS) in trend following

  • #261
  • Jun 20, 2019 1:49pm Jun 20, 2019 1:49pm
Quoting NatashaM
{quote} There is a variaty to use CCI on H1 for a full retracement and enter after confirming RSI on M30 /not M15/. We can use another indicator for confirming retracement has finished, but I haven't an idea what we can use. We'll test and see, but on historical data I have seen the retracement only on M30 is not so safe.
Or we can use CCI on M30 but the settings for 60 min, because it is MTF and it will be more comfortable for directly using on M30.
  • #262
  • Jun 20, 2019 2:21pm Jun 20, 2019 2:21pm
Quoting NatashaM
{quote} Or we can use CCI on M30 but the settings for 60 min, because it is MTF and it will be more comfortable for directly using on M30.
Hi,

Ok. It seems a good idea.

Let's test it.




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #263
  • Edited 3:10pm Jun 20, 2019 2:58pm | Edited 3:10pm
Hi,

This is the idea that we talked about and I try to put in charts.

What do you, guys, think about it?

SELL TRADE

M15/M5:

1) Trend (H4) is down (RED)
2) Price closes above the 5 EMA(H1) of the high
3) CCI(H1) is sitting above +100 (OB area)
4) Price closes below the 7 EMA(RED) and confirmed by
5) RSI(H4) is below 50 and
6) RSI(H1) is below 50 and

Sell=1)+2)+3)+4)+5)+6)


Sai Ram




Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: MDTSB.png Size: 61 KB
Attached File(s)
File Type: tpl MDTS_test.tpl   7 KB | 326 downloads
File Type: rar MDTS_test.rar   160 KB | 336 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #264
  • Jun 20, 2019 4:27pm Jun 20, 2019 4:27pm
Quoting sriloba
Hi, This is the idea that we talked about and I try to put in charts. What do you, guys, think about it? SELL TRADE M15/M5: 1) Trend (H4) is down (RED) 2) Price closes above the 5 EMA(H1) of the high 3) CCI(H1) is sitting above +100 (OB area) 4) Price closes below the 7 EMA(RED) and confirmed by 5) RSI(H4) is below 50 and 6) RSI(H1) is below 50 and Sell=1)+2)+3)+4)+5)+6) Sai Ram Sai Ram {image} {file} {file}
Thank you, Sriloba - it seems promissing! I'll test and share!
  • #265
  • Jun 20, 2019 5:22pm Jun 20, 2019 5:22pm
Hi,

At midnight Eastern time, I will scan, on M15, all the pairs that have 3 conditions appears first as following:

SELL:
1) 5/10 ema(H4) cross down (RED)
2) Price closes above the 5 ema(H1) of the high
3) CCI(H1) closes above +100

BUY:
1) 5/10 ema(H4) cross up (GREEN)
2) Price closes below the 5 ema(H1) of the low
3) CCI(H1) closes below -100

Once I got the ones that filled the 3 conditions above of the category then I will only concentrate on them.


Sai Ram
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BUY.png Size: 101 KB
Click to Enlarge Name: MDTSB.png Size: 133 KB
Click to Enlarge Name: SELL.png Size: 134 KB
Being a fxtrader is not easy. Ones must working hard.
  • #266
  • Jun 21, 2019 9:43am Jun 21, 2019 9:43am
Hi, traders, I've closed several trades in profit about 20 pips: CHFJPY, USDCHF, EURUSD, CADJPY - 15 pips. The main dificulty is entering in trade, before closing the current 1 hour while H4 RSI is showing us the regular movement. In this moment while the H1 candle isn't closed we are just waiting and we don't know in what direction the movement will go on - is RSI on H1 really aligned with RSI on H4?! I mean - we enter before closing the current candles....
  • #267
  • Jun 21, 2019 9:47am Jun 21, 2019 9:47am
And what about you? Does anybody tested the system? Please, share the results and your opinion, is there any suggestion?
  • #268
  • Jun 21, 2019 10:47am Jun 21, 2019 10:47am
Quoting NatashaM
Hi, traders, I've closed several trades in profit about 20 pips: CHFJPY, USDCHF, EURUSD, CADJPY - 15 pips. The main dificulty is entering in trade, before closing the current 1 hour while H4 RSI is showing us the regular movement. In this moment while the H1 candle isn't closed we are just waiting and we don't know in what direction the movement will go on - is RSI on H1 really aligned with RSI on H4?! I mean - we enter before closing the current candles....
Hi,

I have 2 trades:


CHFJPY: +17 pips
CADJPY: +10 pips

I was using the strategy in POST#263.

I will see the results at the end of this month. If there are no tweaks to do then I will update the system in Doc.

Have a nice weekend!


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #269
  • Jun 21, 2019 11:13am Jun 21, 2019 11:13am
Quoting sriloba
{quote} Hi, I have 2 trades: CHFJPY: +17 pips CADJPY: +10 pips I was using the strategy in POST#263. I will see the results at the end of this month. If there are no tweaks to do then I will update the system in Doc. Have a nice weekend! Sai Ram
I used the same latest version of the system like you - in the post 263 - only on M15. I see the results were near the same. First I scan the pairs and then I concentrate only where I see there is a soon setup. Now I'm waiting for GBPUSD. I'll see - it is in my direction.
  • #270
  • Jun 21, 2019 12:18pm Jun 21, 2019 12:18pm
GBPUSD - BUY - again 20 green pips. The next week we have to test the system and make our statistics - it seems a good one!
  • #271
  • Jun 21, 2019 12:42pm Jun 21, 2019 12:42pm
Quoting NatashaM
GBPUSD - BUY - again 20 green pips. The next week we have to test the system and make our statistics - it seems a good one!
Being a fxtrader is not easy. Ones must working hard.
  • #272
  • Jun 24, 2019 9:42am Jun 24, 2019 9:42am
Hi, today USDCHF - SELL - 20 green pips!
  • #273
  • Jun 24, 2019 4:15pm Jun 24, 2019 4:15pm
Hello Sriloba, NatashaM
Im quite interested in your thread but I realised that there are more than one system.
Which one can I focus on
  • #274
  • Jun 24, 2019 5:14pm Jun 24, 2019 5:14pm
Quoting feast
Hello Sriloba, NatashaM Im quite interested in your thread but I realised that there are more than one system. Which one can I focus on
Hi, I focused on the system in 263 post - M15 only /not M5/. We test this latest version. You may test it too - all we need to share the results and to see how it works!
  • #275
  • Jun 24, 2019 5:18pm Jun 24, 2019 5:18pm
Quoting NatashaM
{quote} Hi, I focused on the system in 263 post - M15 only /not M5/. We test this latest version. You may test it too - all we need to share the results and to see how it works!
Hi,


Now we concentrate on the system in post263, especially in M15.




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #276
  • Jun 25, 2019 10:56am Jun 25, 2019 10:56am
Hi, today my trades: USDCAD - SELL - 20 green pips; USDCHF - SELL - 20 pips; EURGBP - BUY - 20 pips.
Is there anybody to share some results? We have to confirm the system!
  • #277
  • Jun 25, 2019 11:46am Jun 25, 2019 11:46am
Today one losing trade - EURUSD - BUY - 13.30 GT : -16 pips. The setup was a perfect one in my opinion, but the movement overturned and closed in lose - 17.36 GT.
  • #278
  • Jun 25, 2019 12:30pm Jun 25, 2019 12:30pm
Quoting NatashaM
Hi, today my trades: USDCAD - SELL - 20 green pips; USDCHF - SELL - 20 pips; EURGBP - BUY - 20 pips. Is there anybody to share some results? We have to confirm the system!
Hi,

Today only 1 trade happened on Loonie

I have grabbed 10 pips on SHORT the USDCAD at 10:00 GMT.

Summertime, the Big Boys went already on vacations. The markets are slow. Be careful!



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #279
  • Jun 25, 2019 2:35pm Jun 25, 2019 2:35pm
Quoting sriloba
{quote} Hi, Today only 1 trade happened on Loonie I have grabbed 10 pips on SHORT the USDCAD at 10:00 GMT. Summertime, the Big Boys went already on vacations. The markets are slow. Be careful! Sai Ram
Hi, Sriloba! What is your opinion about the latest version of the system - in 263 post? Do you think is it necessary something to change or is it the best to remain as it is now? What do you think?
  • #280
  • Jun 25, 2019 2:58pm Jun 25, 2019 2:58pm
Hi,


This summer I prefer to use the 3 TFs as following:

H4: The current trend

M30: Entry

M5: Pinpoint

If you want to H4-H1-M15 is fine or you want to try this sequence of TFs, H4-M30-M5, is fine too.

I will explain in details of H4-M30-M5 in the next POST.


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: MDTSB.png Size: 85 KB
Being a fxtrader is not easy. Ones must working hard.
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