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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

  • #421
  • Aug 5, 2019 9:42am Aug 5, 2019 9:42am
Hi sriloba why did you take that trade. macd was above the zero line. i would have taking the sell trade a few candles after that trade. as all arrows pointing down
  • #422
  • Aug 5, 2019 12:47pm Aug 5, 2019 12:47pm
Quoting roddy321
Hi sriloba why did you take that trade. macd was above the zero line. i would have taking the sell trade a few candles after that trade. as all arrows pointing down
Hi,

I took a Buy trade. Because H1 was uptrend. Macd histogram was, for the first time, above the zero.

The BUY trade is ok.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #423
  • Aug 5, 2019 3:09pm Aug 5, 2019 3:09pm
Quoting roddy321
Hi sriloba why did you take that trade. macd was above the zero line. i would have taking the sell trade a few candles after that trade. as all arrows pointing down
It is an agressive BUY trade - we see a short green bar on the tetragram. It will be better to trade a confirmed entry - a long green bar on the tetragram.
  • #424
  • Aug 5, 2019 3:13pm Aug 5, 2019 3:13pm
Quoting roddy321
Hi sriloba why did you take that trade. macd was above the zero line. i would have taking the sell trade a few candles after that trade. as all arrows pointing down
It is so early in the morning before opening of London - I never trade in Asia session.
  • #425
  • Aug 5, 2019 3:30pm Aug 5, 2019 3:30pm
Ok guys thanks for quick reply
  • #426
  • Aug 5, 2019 4:26pm Aug 5, 2019 4:26pm
Quoting NatashaM
{quote} It is an agressive BUY trade - we see a short green bar on the tetragram. It will be better to trade a confirmed entry - a long green bar on the tetragram.
Hi,

You are absolutely right!

Enter on a LONG BAR TETRAGRAM. It is safer.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #427
  • Aug 5, 2019 4:28pm Aug 5, 2019 4:28pm
Quoting NatashaM
{quote} It is so early in the morning before opening of London - I never trade in Asia session.
Hi,

Yes. You are right. It is better to start trading when Frankfurt opens.





Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #428
  • Edited Aug 6, 2019 3:17am Aug 5, 2019 10:51pm | Edited Aug 6, 2019 3:17am
Hi,

This is a template to enter a trade in M30, to avoid whipsaw in M15 or LTF, in the direction of H1.


Uptrend:


H1:
A downtrend, when TBL is GREEN and confirmed by LONG GREEN BAR of TETRAGRAM

M30: (First chart attached below)
I. Wait for the pullback as follows:
1) RED dot appears
2) Tetragram appears GRAY bar
3) 2/5 EMAs cross down (RED)
4) Macd histogram is below the zero line (RED)

THEN

II. BUY when
5) GREEN dot appears
6) TBL is GREEN
7) Tetragram appears GREEN bar (the short bar is aggressive entry and the long bar is conservative entry)
8) 2/5 EMAs cross up (GREEN)
9) Macd histogram is below the zero line then appears GREEN bar

BUY = 5)+6)+7)+8)+9)

Stop Loss (SL) is placed at the most recent low
Take Profit is placed at the same amount of SL from entry

Downtrend:


H1:
A downtrend, when TBL is RED and confirmed by LONG GREEN BAR of TETRAGRAM

M30: (Second chart attached below)
I. Wait for the pullback as follows:
1) GREEN dot appears
2) Tetragram appears GRAY bar
3) 2/5 EMAs cross up (GREEN)
4) Macd histogram is above the zero line (GREEN)

THEN

II. SELL when
5) RED dot appears
6) TBL is RED
7) Tetragram appears RED bar (the short bar is aggressive entry and the long bar is conservative entry)
8) 2/5 EMAs cross down (RED)
9) Macd histogram is above the zero line then appears RED bar

SELL = 5)+6)+7)+8)+9)


Stop Loss (SL) is placed at the most recent high
Take Profit is placed at the same amount of SL from entry
Attached Image (click to enlarge)
Click to Enlarge Name: MDTSB.png Size: 81 KB
Attached File(s)
File Type: tpl RideYourWave3.tpl   7 KB | 514 downloads
File Type: rar RideUrWave.rar   477 KB | 633 downloads
File Type: txt Password_TradeOnix.txt   < 1 KB | 509 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #429
  • Aug 8, 2019 2:19pm Aug 8, 2019 2:19pm
15 min was working fine with me.is this 30 min strategy is good?
  • #430
  • Aug 8, 2019 3:48pm Aug 8, 2019 3:48pm
Quoting T4Trade
15 min was working fine with me.is this 30 min strategy is good?
Hi,

Enter on LTFs as M30, M15 or M5 it is up to you. You can choose your preferred time frame to enter a trade as long as your risk management is precalculated.


Today I entered a trade on M30 on EURUSD.



H1: Uptrend ---- TBL is GREEN


M30: enter LONG trade according to the rules.

The trade exited at the same amount of SL, +11 pips



Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: BUY.png Size: 72 KB
Being a fxtrader is not easy. Ones must working hard.
  • #431
  • Aug 8, 2019 4:30pm Aug 8, 2019 4:30pm
Quoting sriloba
{quote} Hi, Enter on LTFs as M30, M15 or M5 it is up to you. You can choose your preferred time frame to enter a trade as long as your risk management is precalculated. Today I entered a trade on M30 on EURUSD. H1: Uptrend ---- TBL is GREEN M30: enter LONG trade according to the rules. The trade exited at the same amount of SL, +11 pips Sai Ram {image}
This trade is not according to the rules - on pullback I can't see a grey bar and the entering a trade MACD green histogram is not below 0 line.
  • #432
  • Aug 8, 2019 4:34pm Aug 8, 2019 4:34pm
Quoting sriloba
{quote} Hi, Enter on LTFs as M30, M15 or M5 it is up to you. You can choose your preferred time frame to enter a trade as long as your risk management is precalculated. Today I entered a trade on M30 on EURUSD. H1: Uptrend ---- TBL is GREEN M30: enter LONG trade according to the rules. The trade exited at the same amount of SL, +11 pips Sai Ram {image}
To enter on M15 or M30 are different templates - in some cases I noticed M15 its better, because we enter earlier. We can use M30 to find the retracement and then enter on M15 early, not to wait entering on M30. Something in this matter I mean!
  • #433
  • Edited 5:04pm Aug 8, 2019 4:51pm | Edited 5:04pm
Quoting NatashaM
{quote} This trade is not according to the rules - on pullback I can't see a grey bar and the entering a trade MACD green histogram is not below 0 line.
Hi,


You have sharp eyes. Because price pulled back way to change TBL (RED) and Tetragram appeared long RED bar.

That's why GRAY Tetragram did not appear. But you can go to H1 you will see the GRAY bar of Tetragram right before enter a trade on M30

For the first time MACD histogram is above the zero level is acceptable in extremis. I have shown it in the past thread if you go back.




Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #434
  • Aug 8, 2019 4:52pm Aug 8, 2019 4:52pm
Quoting NatashaM
{quote} To enter on M15 or M30 are different templates - in some cases I noticed M15 its better, because we enter earlier. We can use M30 to find the retracement and then enter on M15 early, not to wait entering on M30. Something in this matter I mean!
Being a fxtrader is not easy. Ones must working hard.
  • #435
  • Edited 4:24am Aug 9, 2019 4:12am | Edited 4:24am
Hi,

Today I closed EURUSD with +1 pip

H1: TBL was RED == Downtrend

M30: Sell EURUSD according to the rules.

SL@12 pips from the entry
TP@12 pips as SL

I was realized that EURUSD was struggled to go down further. In that case, the buyers enter into the market and probably push the EURUSD
up. So I decided to close my trade and jump to bed.

Goodnight, guys!



Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: SELL.png Size: 78 KB
Being a fxtrader is not easy. Ones must working hard.
  • #436
  • Aug 9, 2019 3:51pm Aug 9, 2019 3:51pm
Quoting sriloba
Hi, Today I closed EURUSD with +1 pip H1: TBL was RED == Downtrend M30: Sell EURUSD according to the rules. SL@12 pips from the entry TP@12 pips as SL I was realized that EURUSD was struggled to go down further. In that case, the buyers enter into the market and probably push the EURUSD up. So I decided to close my trade and jump to bed. Goodnight, guys! Sai Ram {image}
Hi, with the previous M15 template there wasn't an entry SELL setup - the MACD histogram is red. In my opinion - Ride your Wave 2 is better. We may work over the system in order improving it, but it's better than M30 for sure.
  • #437
  • Edited 2:43am Aug 10, 2019 1:59am | Edited 2:43am
Hi,

I have an idea of how to improve the template, RideYourWave2, as follows:

H1: TBL is GREEN === Uptrend
1) Wait for the pullback when Tetragram bar painted GRAY after the candle closed (See chart H1)

Then go to M15

M15: Buy when all conditions confirmed as follows:

1) TBL is GREEN
2) Tetragram LONG BAR is GREEN
3) 2/5 EMAs on H1 is GREEN (Here, we use MTF indicator. The signal can be flip flop)
4) Macd Histogram is below the zero line then paints GREEN

BUY = 1)+2)+3)+4)

SL below the lower band
TP when Tetragram painted GRAY

Remind: Tetragram consists of 4 indicators: TBL, TBM, TBS, Switch

Tetragram short Green/Red bar is an aggressive mode (Here we don't have the 4 indicators in the same color)
Tetragram long Green/Red bar is a conservative mode (Here we have the 4 indicators in the same color)

TBL HTF, TBM HTF === H1 is HTF of M15


The downtrend analysis is the opposite of the analysis of the uptrend


Please post your results in this thread. So we can discuss together.


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: BUY.png Size: 123 KB
Attached File(s)
File Type: tpl RideYourWave2.tpl   7 KB | 467 downloads
File Type: txt Password_TradeOnix.txt   < 1 KB | 442 downloads
File Type: rar RideUrWave.rar   530 KB | 506 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #438
  • Aug 11, 2019 10:00am Aug 11, 2019 10:00am
Quoting sriloba
Hi, I have an idea of how to improve the template, RideYourWave2, as follows: H1: TBL is GREEN === Uptrend 1) Wait for the pullback when Tetragram bar painted GRAY after the candle closed (See chart H1) Then go to M15 M15: Buy when all conditions confirmed as follows: 1) TBL is GREEN 2) Tetragram LONG BAR is GREEN 3) 2/5 EMAs on H1 is GREEN (Here, we use MTF indicator. The signal can be flip flop) 4) Macd Histogram is below the zero line then paints GREEN BUY = 1)+2)+3)+4) SL below the lower band TP when Tetragram painted GRAY Remind: Tetragram...
Thank you, Sriloba! Lets discuss the results!
  • #439
  • Aug 14, 2019 9:55am Aug 14, 2019 9:55am
Hi,

First trade of the week. Today I grabbed 17 pips on EURUSD


H1: Downtrend
- The pullback is done then go to M15 for entry


M15: Entry

SELL EURUSD according to the rules

SL@17 pips from entry

TP@ the same amount of SL

My trade exited by TP = +17 pips


This week price went up and down. It was very hard to trade specially GBPUSD, EURUSD.


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: SELL.png Size: 117 KB
Being a fxtrader is not easy. Ones must working hard.
  • #440
  • Aug 22, 2019 1:10pm Aug 22, 2019 1:10pm
Quoting sriloba
Hi, First trade of the week. Today I grabbed 17 pips on EURUSD H1: Downtrend - The pullback is done then go to M15 for entry M15: Entry SELL EURUSD according to the rules SL@17 pips from entry TP@ the same amount of SL My trade exited by TP = +17 pips This week price went up and down. It was very hard to trade specially GBPUSD, EURUSD. Sai Ram {image}
Hi, Sriloba! Would you share, please your results about the system? The latest 2 weeks I was in a vacation with my family and I didn't have the oportunity to test anything. I'm curious about the results! Thank you!
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