Hello, my friend. How can I make a profit loss ratio
- #15,714
- Jan 21, 2020 3:22pm Jan 21, 2020 3:22pm
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
{quote} Don't bother - Newbies get sucked in to lots of rubbish. There are a very few EA's which might be marginally profitable for an experienced trader. There are NONE that you can set and forget. Stick to learning how to trade manually.
- #15,716
- Edited 4:37pm Jan 22, 2020 4:14pm | Edited 4:37pm
- | Joined Jan 2020 | Status: Trader | 3 Posts
I'm currently testing this system. So far I'm not having the success most people have written in the comments.
I have read the first post a couple of times and I'm currently going trough the whole thread to understand it better. I'm at page 126 so far...
I'm also trading the 4H chart. I see the setup you mentioned. On my demo account I took EURGBP long and GBPUSD and GBPCHF short, it is just a demo account so I was not waiting for rule 3 to be triggered for EURGBP.
What I don't like about the current setup is EURGBP M15 slope is -0.92 and H1 slope is -0.64 which is not rule 1 conform "Sell Only TMA (Slope lower than -0.30): Place ONLY SELL trades." - Is this something that we need to look out for and consider when trading this system?
However the H4 is -0.28, D1 is 0.03 and W1 is 0.09, which should be fine per rule "Ranging TMA (Slope between -0.30 to 0.30): Trades can be placed in both directions." and "H4, D1, W1 slope values must be either Ranging or higher for Buys or Ranging or lower for Sells."
For now all of H4, D1, W1 are Ranging so the first Rule is true.
Rule two is also true.
The third Rule still needs to be triggered.
Screenshot for reference:
GBPUSD has triggered all the rules, but I still don't like that M15 is 0.94 (Supertrend) and H1 is 0.54.
Screenshot for reference:
GBPCHF has triggered all the rules, but here the same situation M15 is 0.45 and H1 is 0.59.
Screenshot for reference:
Can somebody who has experience with the system check if my analysis is ok and give a comment if smaller time frames should be considered?
I have read the first post a couple of times and I'm currently going trough the whole thread to understand it better. I'm at page 126 so far...
I'm also trading the 4H chart. I see the setup you mentioned. On my demo account I took EURGBP long and GBPUSD and GBPCHF short, it is just a demo account so I was not waiting for rule 3 to be triggered for EURGBP.
What I don't like about the current setup is EURGBP M15 slope is -0.92 and H1 slope is -0.64 which is not rule 1 conform "Sell Only TMA (Slope lower than -0.30): Place ONLY SELL trades." - Is this something that we need to look out for and consider when trading this system?
However the H4 is -0.28, D1 is 0.03 and W1 is 0.09, which should be fine per rule "Ranging TMA (Slope between -0.30 to 0.30): Trades can be placed in both directions." and "H4, D1, W1 slope values must be either Ranging or higher for Buys or Ranging or lower for Sells."
For now all of H4, D1, W1 are Ranging so the first Rule is true.
Rule two is also true.
The third Rule still needs to be triggered.
Screenshot for reference:
GBPUSD has triggered all the rules, but I still don't like that M15 is 0.94 (Supertrend) and H1 is 0.54.
Screenshot for reference:
GBPCHF has triggered all the rules, but here the same situation M15 is 0.45 and H1 is 0.59.
Screenshot for reference:
Can somebody who has experience with the system check if my analysis is ok and give a comment if smaller time frames should be considered?
Thank you very much birpinar.
That advice saved me more than 100 hours of reading not relevant information. I found your post and the post from Alorente to which you refer, it is ca 40 pages to read. This will make my progress much faster and I hope I will understand the system better now.
I'm happy and very grateful for every help I get when learning something and you sir just helped me big time.
That advice saved me more than 100 hours of reading not relevant information. I found your post and the post from Alorente to which you refer, it is ca 40 pages to read. This will make my progress much faster and I hope I will understand the system better now.
I'm happy and very grateful for every help I get when learning something and you sir just helped me big time.