Monthly Profit - Daily Trading using SMA

sold cad chf

NZD JPY sold right now

may i request your indicators please

i already posted the dashboard a few post back m8

Gbp jpy shorted now :d

Hello
Waiting for sma5 to point south
All the best

I made a short currently

Hello sir, yes maybe i entered too early i just thought that the slope of the 5sma was already going south hope to see when would you have entered the trade, have a nice day.

Yes, I looked at that and was tempted, although I already had a JPY trade running so I couldn't according to my rules.
The reason I wouldn't take it is that there was actually quite a small distance to the previous high, and I like to have a larger stop to give my trades room to breathe.
It still may go the way you want it, even after today's retrace, you just a need patience.

In other news... I'm looking at AUDNZD for a sell.

Too hasty for the AUDNZD sell... price has retraced and now is not in the bottom third of the bar. Damn I should have waited an hour until my normal trade time!

Thats the problem with being in isolation with nothing better to do than to look at charts:/

yeah i saw that the stop is kinda thight but thw trade looked good hope it will turn my way tomorrow anyway aud nzd looks fine even if it retraced i think it will fall shortly goodluck man

Hello
Took no position. Ranging. We will see.
All the best and have you all a blessed easter.
Oddbjørg.

Hi everyone,

Strange times we are going through

I started following the thread about 2 months ago. At first I set up a demo account and did very well doubling my account. I decided for the first time to put 1000 Euros into a real account. After 4 weeks I am at 3259 Euros!

The Rules I am following:

Risk:
I have been putting roughly 2% on each of the two trades I take with each pair so about 4% per trade
I try to limit the max number of pairs containing the same currency to two - Once in profit the pair can be ignored and more added - I have been a bit relaxed about this which I know is risky
After Wednesday I consider closing all trades once my weekly target is met (currently at 34% per week.)
I close all trades if NFP news is coming up - in retrospect this has worked against me - maybe better just to ignore
I use PositionSizeCalculator indicator & Script calculate lot sizes and open trades.



Entry:
I follow the rules on page 1 when the SMA is not pointing in the right direction I will wait until it does even if this is a candle later.
In addition I zoom out glance to the left to see if there are any major Support / Resistance Zones that may hinder the trade.

Stop Loss:
As per the rules
If I have a winner in these volatile conditions I tighten my stop by looking at the support & resistance on the 15 min chart. This is especially true with such large candles.

Take Profit:
So far I have not been taking the 1:1 take profit on the first day but have been waiting for it to close by itself. Anyone else doing this (Actually I misunderstood the rules but it seems to be working OK)

Trades in wrong direction:
Either close or more recently looking at the benefits of hedging in the opposite direction.

Pairs:
I trade all including metals. I did get burnt on spread once when I traded NOK at candle open - need to watch out for spread if you include exotics.

Time:
I trade at 8 am GMT+4, I tried at candle open but this time seemed to work for me better. The big moves mainly happen or accelerate after London Open and NY Open.

REQUEST
Expert Advisor (for testing Purposes Only!)....Although the was a fairly basic EA developed early on it was never really taken up seriously as a way of fine tuning the strategy....Question I Have that the EA may shed light on... include...

1. SMA 5,0 or some other derivative such as HMA.
2. Definition of 'Sideways" how could this be Tested in an EA - is there an indicator or way of describing 3,4 5 candles overlapping in a certain way?
3. Effect of long pins - not sure how to test this.
3. Best Exit - BB, Number of Candles, trailing stop (Based on multiple of Average True Range)
4. Best Exit of the Take Profit trade...after ?? Hours or when hits the Take Profit
5. Hedge bad trades or close them?
6. Take all valid trades or only those moving with the trend.....
7. Definition of trend 200, 100, 50 MA or Look at MA on Monthly?
8. Amount % of candle body crossing the SMA ..50% 70%...?

I cant program (I tried FXdreema but got lost!) Is there anyone following the thread who would like the challenge of making an EA to test some of these things.
Any thoughts comments appreciated...

WOW.. tripling your money in 4 weeks, that is mighty impressive.

I don't have anything to add. That is clearly working for you so well done and keep it up

That is really impressive m8..just need your little help I m using an indi which is club of Heiken ashi exit and heikenn ashi smooth and I wanted to display as bar instead of covering Candles..how can I do it ?.. Happy Pips

took gbp usd short now, last week trades are still open but in the red for now

Hello friends,
I am starting a new telegram group so we can interact more often and share the setups. This is my first time creating this kind of group so it may require some tweaking. The goal is to share the success with all members. Here is the link of this group, please join and contribute.
https://t.me/joinchat/BZQp5w9RJM9OCbnH5C3jRw

Thanks!

Hello
Interresting pairs.
Take care, these are strange days.
All the best.
Oddbjørg.

Hey all! Been studying this system for a couple weeks now. Eurusd looks like a good setup.. a little late but price is still at a good buy. Let me know what you think!

Took it. Good pips