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Monthly Profit - Daily Trading using SMA

  • #11,321
  • Oct 26, 2019 10:08pm Oct 26, 2019 10:08pm
Quoting slowlyslowly
Hi Mizi and everyone else. For information I don't trade exactly as BK8 describes in his first post. I did to start with but seemed to have too many losses due to counter trends, so I added a few tweaks of my own. I have been trading on and off for about 15 years and this is the first time I have been profitable, although the equity curve above is only for the last 2 months and will need much longer to show that I can do it consistently. It seems to work well when you hit a trend, but not lose too much if the trend stalls and we get false signals...
wow! patience is really a virtue,,, so sir, you are not trading against the trend? aka reversal?. just wating for pullback and then enter when is hit the 5sma again?
PATIENCE AND DISCIPLINE!
  • #11,322
  • Oct 28, 2019 5:26am Oct 28, 2019 5:26am
Quoting slowlyslowly
Hi Mizi and everyone else. For information I don't trade exactly as BK8 describes in his first post. I did to start with but seemed to have too many losses due to counter trends, so I added a few tweaks of my own. I have been trading on and off for about 15 years and this is the first time I have been profitable, although the equity curve above is only for the last 2 months and will need much longer to show that I can do it consistently. It seems to work well when you hit a trend, but not lose too much if the trend stalls and we get false signals...
Will you plz share your graph
Thanks in advance
  • #11,323
  • Oct 28, 2019 5:29am Oct 28, 2019 5:29am
Still buying not confirmed in Gold
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDaily.png Size: 103 KB
  • #11,324
  • Oct 28, 2019 4:29pm Oct 28, 2019 4:29pm
Quoting harold1
{quote} wow! patience is really a virtue,,, so sir, you are not trading against the trend? aka reversal?. just wating for pullback and then enter when is hit the 5sma again?
That is right... I only trade in the direction of the long term trend.

I have a quote in my head. I cannot remember where it came from so cannot credit the person who wrote it but they said.

"Buy when the price is going up and keep buying until it stops going up. You will only be wrong once."
"Sell when the price is going down and keep selling until it stops going down. You will only be wrong once."

Its not quite as simple as that but I want to improve my probability of a successful trade. I believe that following the trend improves the probability of a successful trade.
All opinions stated are purely opinions.. I may be wrong!
  • #11,325
  • Oct 29, 2019 4:59am Oct 29, 2019 4:59am
Quoting slowlyslowly
{quote} That is right... I only trade in the direction of the long term trend. I have a quote in my head. I cannot remember where it came from so cannot credit the person who wrote it but they said. "Buy when the price is going up and keep buying until it stops going up. You will only be wrong once." "Sell when the price is going down and keep selling until it stops going down. You will only be wrong once." Its not quite as simple as that but I want to improve my probability of a successful trade. I believe that following the trend improves the...
The quote is from Strat, Strat's PASR Long Term, Stress Free Trading thread
By the way, how do you define a long term trend?
  • #11,326
  • Oct 29, 2019 5:02am Oct 29, 2019 5:02am
Quoting AbbasRizvi
Still buying not confirmed in Gold {image}
Hi,
Can you please share here your template, indicators. And with every trades, please give us some reason (Entry, signal, news analyz,...) why you open that order.
thanks in advance!
  • #11,327
  • Oct 29, 2019 7:11pm Oct 29, 2019 7:11pm
Quoting wifipci
{quote} The quote is from Strat, Strat's PASR Long Term, Stress Free Trading thread By the way, how do you define a long term trend?
Thanks, That makes sense I spent a long time on that thread.

I judge a Long term trend using 200SMA (red), 100SMA (Amber), 50SMA (Green). When they line up red / amber / green like a traffic light they give me a go in that particular direction.
All opinions stated are purely opinions.. I may be wrong!
  • #11,328
  • Oct 29, 2019 7:36pm Oct 29, 2019 7:36pm
Todays trades: Long

EURCHF
EURUSD
USDCAD
  • #11,329
  • Oct 29, 2019 10:41pm Oct 29, 2019 10:41pm
Hi veterans,

I really like this strategy and probably will make this my main strategy for trading.

I just have another question, what is the ROI per month for those of you who have traded this strategy?

I am looking at 6% per month, is that reasonable with this strategy?
  • #11,330
  • Oct 30, 2019 8:30am Oct 30, 2019 8:30am
Quoting Ducdaovn
{quote} Hi, Can you please share here your template, indicators. And with every trades, please give us some reason (Entry, signal, news analyz,...) why you open that order. thanks in advance!
Hi Ducdaovn, I will request to please view posts nos 11242, 11243, 11244, 11245, 11249 and 11252 of this thread, you will understand much.
The stretigy is very simple
1- DIVERGENCE on 5RSI
2- 5EMA cross with MIDDLE BOLINGER BANDS+cross of MACD(24,52,9)
and this stretigy is for every time frame and every symbol
Attached Image
  • #11,331
  • Oct 30, 2019 8:35am Oct 30, 2019 8:35am
Gold still bearish
Attached Image
  • #11,332
  • Oct 30, 2019 4:37pm Oct 30, 2019 4:37pm
Yeah... Looks like today is my day for getting it wrong once... or several times.. Not such a great equity curve any more

Attached Image (click to enlarge)
Click to Enlarge Name: 2019-10-30 (2).png Size: 43 KB
All opinions stated are purely opinions.. I may be wrong!
  • #11,333
  • Oct 31, 2019 12:20pm Oct 31, 2019 12:20pm
Quoting AbbasRizvi
Gold still bearish{image}
l cant configure my macd like your,mine dont show 2 lines who crosses.can you give template or settings?thanks
  • #11,334
  • Oct 31, 2019 12:46pm Oct 31, 2019 12:46pm
Quoting ficibald
{quote} l cant configure my macd like your,mine dont show 2 lines who crosses.can you give template or settings?thanks
better you post yours so we can advise what is wrong
  • #11,335
  • Oct 31, 2019 1:48pm Oct 31, 2019 1:48pm
Quoting pamc
{quote} better you post yours so we can advise what is wrong
mt4 standart macd
Attached Image (click to enlarge)
Click to Enlarge Name: 111111.png Size: 41 KB
Attached File(s)
File Type: tpl 1111111111111.tpl   2 KB | 401 downloads
  • #11,336
  • Edited 2:32pm Oct 31, 2019 2:12pm | Edited 2:32pm
Quoting ficibald
{quote} l cant configure my macd like your,mine dont show 2 lines who crosses.can you give template or settings?thanks
Hi ficibald; plz go to www.profitF.com and download MACD 2Line
Good wishes
Edit;Sorry ficibald, this is not correct site, plz any one will help him, I forgot where from I downloaded
  • #11,337
  • Oct 31, 2019 2:44pm Oct 31, 2019 2:44pm
Quoting AbbasRizvi
{quote} Hi ficibald; plz go to www.profitF.com and download MACD 2Line Good wishes Edit;Sorry ficibald, this is not correct site, plz any one will help him, I forgot where from I downloaded
thanks AbbasRizvi no woories,I find them
Attached File(s)
File Type: mq4 MACD_ColorHist_Alert 12 26 9 LA .mq4   5 KB | 444 downloads
  • #11,338
  • Nov 1, 2019 12:43am Nov 1, 2019 12:43am
Pretty sharp signal on XAUUSD
Attached Image (click to enlarge)
Click to Enlarge Name: 356636A1-B8FE-434C-9FB9-2A2E68E1F8DB.png Size: 382 KB
I used to be indecisive but now I'm not so sure...
  • #11,339
  • Nov 4, 2019 1:58pm Nov 4, 2019 1:58pm
Still no MACD cross
Attached Image
  • #11,340
  • Nov 5, 2019 11:51am Nov 5, 2019 11:51am
Quoting AbbasRizvi
Still no MACD cross {image}
Very interesting, thanks for sharing this modified MACD.
I used to be indecisive but now I'm not so sure...
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