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Trading is this Simple? Finally Explained simple and clearly! 46 replies

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Attachments: First Pullback Strategy: Simple And Powerful
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First Pullback Strategy: Simple And Powerful

Quoting CLTrader
All these charts show that the better risk/reward is to take the trade AT the pullback to the first moving average tap.
Agreed.

We can start "accumulating" your position at the the pullback and add to it as the trade goes in your favor
  • Post #82
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  • Edited Mar 2, 2022 5:19pm Oct 11, 2019 6:57am | Edited Mar 2, 2022 5:19pm
Thanks for sharing , that's simple and good strategy.
Since it's simple , anyone could make an EA for this ? or indicator with alert is awesome.
I get this alert indicator from mrtools , anyone could use it to alert MA 200 cross MA50.

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I can write an ea for this strategy. But some filters are needed to taking to select good probability trades
Yeah , detect the EMA crossover is easy , but how to define pullback point and break point are hard , I don't know how to do it.
Since we trade manually , we could write an dashboard to monitor multipair , multi-timeframe for this.
Sample ( I get it from here > https://www.mql5.com/en/market/product/17277 for someone ask)
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This dashboard show 2 MA cross bars ago , but the author didn't public source , so I could not modify it for my own purpose. I want to add something like : dashboard will alert every xx minute if has 2 MA cross bars in range (example 1 - 20 bars around) it will continue alert . We could check the pullback and make pending order.
Or if could define the rule to find out where is pullback point is great.
@StonyHeart - thanks for sharing this. It's a very simple strategy that provides some very high probability trades, especially if filtered using a higher timeframe.

Writing an EA to automate this or an indicator to provide signals should be relatively easy, so I may give it a go.

I've also been looking at coupling this with the Lazy River strategy by adding in a 20 EMA, and taking additional entries during the trend...back tests look very encouraging.
"Pips are vanity. Profit is sanity."
Thanks @PaulDV , if you could make an EA , it must be great.
Quoting akangaziz
thanks for sharing this great trading idea. for entry rule, I think the safest way is waiting until candle close & break the line. use the trailing stop to secure your trading. for the stop-loss rule, EMA 200 or yesterday lowest/highest is enough. anyone using this strategy with the real account or demo account, can you share your trading result? I plan to make EA from this strategy. I'm news & breakout EA developer
Hi akangaziz: Did you indeed make an EA using this strategy? I'm ended up on this post because I am looking for a moving averages crossover EA. Can you assist me or direct me to where I may find a moving averages crossover EA? I am looking for the ability to have a minimum of 5 MAs with choices of SMA, EMA, etc. and I would like to set it up to send an alert via email, text message, or preferably telegram.

I await yours or anyone else's response as to which direction I can take.

Thanks.
Hi !

I've found this system Trend pullback system here:
https://www.forexstrategiesresources...llback-system/
A used this idea a few years ago. I think that a dashboard build on that system could be a good start.

Good luck everyone.
Hello StonyHeart
Do you know if there is an indicator that can do your strategy? In the exact way you have describe it in your post?
This a very good strategy. in GBPJPY , M1, in London or NY it always can give very good opportunities for trades. It should be very good to have an EA which works only with this pair , with time options, TP, SL and TS options, and only one trade each day. We can easily catch 10/20 pips each time.
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Quoting euroswiss
Hi ! I've found this system Trend pullback system here: https://www.forexstrategiesresources...llback-system/ A used this idea a few years ago. I think that a dashboard build on that system could be a good start. Good luck everyone.
Hi Euroswiss, this works with Renko as well, as does the main thread strategy, although only tested it on GER30 and US30
Everything should be made as simple as possible, but no simpler - Einstein
This is interesting. I have started using this method last week and I have had good success ratio. This is quite strange that this thread is dead and no one using this method...

I will keep posting actively when I have time. If I fail then I will think about it again...
  • Post #93
  • Quote
  • Edited Mar 2, 2022 5:20pm Feb 18, 2020 12:52pm | Edited Mar 2, 2022 5:20pm
This dashboard is for similar strategy it use ema 50/200 and it will alert you on trend changing and price action in sync with trend you can ease check signal by pressing button on the right side of table

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Quoting Tradebull
This dashboard is for similar strategy it use ema 50/200 and it will alert you on trend changing and price action in sync with trend you can ease check signal by pressing button on the right side of table {image} {file}
Not that trendtradingdashboard. That is only the idea is cross over of EMA 55 and 200, regardless what happens after. Just crossover could give false signal/signals if enter a consolidation period.

The OP's idea was: After the crossover, wait for pullback, then wait when the pullback ends the price increases of the price blue closing candle/group/pattern shows there is the points, which gives you possible minimal SL, safe entry. (Basically there was a continuation pattern in between).
nice
  • Post #96
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  • Last Post: Aug 12, 2020 6:47am Aug 12, 2020 6:47am
I think if the R:R for this system is only 1:1 then you would need at least 50% win rate to be worth doing ? and even then i'm not sure how profitable it would be
just my 2c, thanks for posting

edit: also agree that waiting for the pullback to the larger EMA would give better R:R but this may also affect win rate
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