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

  • #301
  • Jul 2, 2019 7:51am Jul 2, 2019 7:51am
Quoting sriloba
Hi guys, As suggested in POST#296, I have modified the system in POST#288. M30: Retracement Uptrend: Price must touch the lower band and confirmed by CCI is below -100 Downtrend: Price must touch the upper band and confirmed by CCI is above 100 Then fly to M5 to look for entering a trade. We're going to test for 1 month. Sai Ram {file} {file} {image}
Several words to make it great again
Look, dear Sriloba.
M5 MA's cross, Trend Band, RSI duplicate their signals. Maybe we need some only one of them?
Just an opinion. Based on research
  • #302
  • Jul 2, 2019 11:16am Jul 2, 2019 11:16am
Quoting since80808
How does the system feel itself at the flat periods?
Hi,

When the market is flat you will see in H4 the MAs cross a lot like a braided hair.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #303
  • Jul 2, 2019 11:18am Jul 2, 2019 11:18am
Quoting since80808
{quote} Several words to make it great again Look, dear Sriloba. M5 MA's cross, Trend Band, RSI duplicate their signals. Maybe we need some only one of them?
Hi,

You are right. The Fxtrendband is used only to facilitate the view of the crossover of MAs.

WHEN I COME BACK FROM THE MALL I WILL SHARE WITH YOU THE BETTER IMPROVEMENT OF THE MDTS.

Stay tuned!



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #304
  • Jul 2, 2019 1:57pm Jul 2, 2019 1:57pm
Quoting sriloba
{quote} Hi, You are right. The Fxtrendband is used only to facilitate the view of the crossover of MAs. WHEN I COME BACK FROM THE MALL I WILL SHARE WITH YOU THE BETTER IMPROVEMENT OF THE MDTS. Stay tuned! Sai Ram
Quoting sriloba
{quote} most of the time the strategy in post#132. The system is accurate 80%
Look... Does it need something more?)))
Just an opinion. Based on research
  • #305
  • Jul 3, 2019 10:36am Jul 3, 2019 10:36am
Quoting since80808
{quote} {quote} Look... Does it need something more?)))
We need time and eforts to confirm every forex trading strategy. It will be better, since80808 to be clearer and give a suggestion in order to improve the system. Everyone knows that trading it's not easy and it is normal to modify the system again and again.....untill reaching some good and stable results!
It will be unreal to do this at once - this is a long and very hard, difficult process.
  • #306
  • Edited 2:47pm Jul 3, 2019 11:24am | Edited 2:47pm
Hi,

Here is another way to analyze the market in H4.

This time I use 5 LWMA (high /low) in H4 as the resistant and support and RSI(H4) as a filter

The trend is determined in H4.

CCI, RSI, and Stochastic are used to identify extreme condition and entry.

Today 1 trade on EURUSD.

H4: Trend is down

M15:

1) Price touches the upper band(5 LWMA_high_H4) and at the same time

2) CCI, RSI, and Stochastic are in the overbought area ( here at least 1 of the 3 indicators is needed to confirm the extreme condition)

3) CCI, RSI, and Stochastic cross down

4) RSI(H4) is below 50 level

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


Put the Stop Loss (SL) at the most recent High/Low.

Take Profit (TP) when the price touched the opposite of the band or 2 times of SL from the entry ( RR:1:2).


Notice: I have applied the 5 SMA in the CCI and RSI to make a crossover

The trade closed manually with +1 pip. Because US NEWS will release at 15:15 GMT.

I will attach the template shortly.

THE LONG TRADE IS THE OPPOSITE OF THE ANALYSIS OF THE SHORT TRADE.



Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: SELL.png Size: 38 KB
Attached File(s)
File Type: rar MDTS_test.rar   204 KB | 392 downloads
File Type: tpl MDTS_test1.tpl   5 KB | 364 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #307
  • Jul 3, 2019 1:45pm Jul 3, 2019 1:45pm
Hi Natasha,

The strategy in POST#306 is awesome.

I think I offer myself and other fellow traders plenty of green pips in the future.

Here I suggest scanning the pairs like the ones attached below

Enjoy wisely and fully the new recent system.

By the way, I use a 55-inch screen (Samsung) to accommodate my trading style.



Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: MDTSB.png Size: 147 KB
Attached Image
Being a fxtrader is not easy. Ones must working hard.
  • #308
  • Jul 3, 2019 1:50pm Jul 3, 2019 1:50pm
Quoting sriloba
Hi, Here is another way to analyze the market in H4. This time I use 5 LWMA (high /low) in H4 as the resistant and support and RSI(H4) as a filter The trend is determined in H4. CCI, RSI, and Stochastic are used to identify extreme condition and entry. Today 1 trade on EURUSD. H4: Trend is down M15: 1) Price touches the upper band(5 LWMA_high_H4) and at the same time 2) CCI, RSI, and Stochastic are in the overbought area ( here at least 1 of the 3 indicators is needed to confirm the extreme condition) 3) CCI, RSI, and Stochastic cross down 4) RSI(H4)...
Hi, Sriloba and thanks for sharing! When we have to enter - on M15 or M5? Would you clear, please! Thanks!
  • #309
  • Jul 3, 2019 1:59pm Jul 3, 2019 1:59pm
Quoting NatashaM
{quote} Hi, Sriloba and thanks for sharing! When we have to enter - on M15 or M5? Would you clear, please! Thanks!
Hi,

Enter a trade only in M15.

Ultimately, the system uses only 2-time frames, H4 and M15.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #310
  • Jul 3, 2019 2:34pm Jul 3, 2019 2:34pm
One more question, Sriloba - what is your opinion about thr TP - may be it's better to be put touching the oposite 5 MA? It is looking like a scalping system, I mean it will be logic to put a near TP instead SL to be touched.
  • #311
  • Jul 3, 2019 2:41pm Jul 3, 2019 2:41pm
Quoting NatashaM
One more question, Sriloba - what is your opinion about thr TP - may be it's better to be put touching the oposite 5 MA? It is looking like a scalping system, I mean it will be logic to put a near TP instead SL to be touched.
Hi,


Put the Stop Loss (SL) at the most recent High/Low.

Take Profit (TP) when the price touched the opposite of the band or 2 times of SL from the entry ( RR:1:2).



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #312
  • Jul 3, 2019 3:35pm Jul 3, 2019 3:35pm
Quoting sriloba
{quote} Hi, Put the Stop Loss (SL) at the most recent High/Low. Take Profit (TP) when the price touched the opposite of the band or 2 times of SL from the entry ( RR:1:2). Sai Ram
Thank you, Sriloba for your quick answer! I'm opened for new ideas and I'm ready to test. I'll share. There are only 2 MTF indicators - 5 MA and RSI. The others are on the current TF and this fact give me a hope for more successfull trades.
  • #313
  • Jul 3, 2019 11:04pm Jul 3, 2019 11:04pm
Hi,

Here are the indicators in POST#306. Just in case if there is a problem to open the RAR files.





Sai Ram
Attached File(s)
File Type: ex4 FX TrendBand MTF.ex4   284 KB | 331 downloads
File Type: ex4 Fxtrader1969_MTF_RSI.ex4   10 KB | 301 downloads
File Type: ex4 Fxtrader1969_MTF_Moving Average.ex4   14 KB | 272 downloads
File Type: ex4 Fxtrader1969_MTF_CCI.ex4   33 KB | 315 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #314
  • Jul 4, 2019 2:23am Jul 4, 2019 2:23am
Hi,

The GBPJPY is closed by SL and exited with +2 pips


H4: The trend is down

M15: All conditions to go SELL are confirmed. When the trade went +10 pips I put SL 3 pips below the entry.

Then suddenly price moved up very fast and took out SL.



Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: SELL.png Size: 88 KB
Being a fxtrader is not easy. Ones must working hard.
  • #315
  • Jul 4, 2019 4:09am Jul 4, 2019 4:09am
Hi, Sriloba! I have noticed in most of the trades is forming double bottom or double top on current CCI on M15. Do you think is it better for our entry confirmation to wait for their forming before trigger?
  • #316
  • Jul 4, 2019 4:12am Jul 4, 2019 4:12am
Quoting NatashaM
Hi, Sriloba! I have noticed in most of the trades is forming double bottom or double top on current CCI on M15. Do you think is it better for our entry confirmation to wait for their forming before trigger?
On CADJPY, AUDUSD is forming now..........and others - you can see and monitoring that!
  • #317
  • Jul 4, 2019 1:08pm Jul 4, 2019 1:08pm
Today - USDCAD - 20 green pips. But as a whole - the price is ranging.
  • #318
  • Jul 4, 2019 1:33pm Jul 4, 2019 1:33pm
Quoting NatashaM
Hi, Sriloba! I have noticed in most of the trades is forming double bottom or double top on current CCI on M15. Do you think is it better for our entry confirmation to wait for their forming before trigger?
Hi,


Sorry I was sleeping in my chair. Enter a trade on price patterns is an excellent strategy.


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #319
  • Jul 4, 2019 1:38pm Jul 4, 2019 1:38pm
Quoting NatashaM
Today - USDCAD - 20 green pips. But as a whole - the price is ranging.
Hi,


This is a time of scalping. Because the markets are ranging.





Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #320
  • Jul 4, 2019 2:24pm Jul 4, 2019 2:24pm
Quoting sriloba
{quote} Hi, This is a time of scalping. Because the markets are ranging. Sai Ram
The problem is that we don't know what the markets will be in advance. We see that - post factum. That's why it is difficult to know what TP will be.
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