- Joined Dec 2015 | Status: Member | 7,900 Posts
Do your homework, follow the footprints of smart money
- Joined Oct 2014 | Status: Cooking | 440 Posts
95% Fail because 95% of kids would rather be in the playground
Magic numbers question 12 replies
Ever seen this magic number bug? 4 replies
magic is back! 11 replies
Magic Numbers for Mutiple EA 9 replies
Dislikednice thread :-) Do you guys take the steepness of the ema into consideration ? Like in my case a value of 75 in order to avoid ranging markets ? Also - Minotawr - I like that indi that plots the lines ( entry, sl, etc.) on your charts... Is this a custom indicator ? Are you willing to share ? Best, Mark {image}Ignored
Dislikedgood system as long as you re in a trend,need to avoid when the market is ranging,any experienced traders out there with any ideas to avoid a range?Ignored
DislikedYes, this is a trend following strategy. You will avoiding a range? Simple: if you see a range, don`t trade! So many people want to be on the begining of a trend and they trying to force it. It`s just wrong. You will never know when a trend is just about to start. Make it simple: if you see a trending pair, then stick to it. Don`t complicate. My broker offer me 100 pairs or something , one or two of them are definitely trending in this time. So you just need one or two to concentrate on. I mean, look on the EUR/GBP chart. Is this so hard to...Ignored
Disliked{quote} Thanks. Good advice. If you say to keep focus more on price then on the EMA, and H1 needs even more practice here, what exactly do you mean by this? Like any specific price action / candle pattern that tends to work out best for this kind of retracement entries? Your example charts so far always seem to hit the perfect entry candle leaving out earlier possible entries where price was often not ready yet to drift back again to the trend direction.Ignored
Disliked{quote} I agree with you, he show for sure only god trades in order to let people see. Try to backtest, you'll enter sooner much times that's equal to many losses but due to my tests the wins hare more and more huge. Just test and maybe apply some filters. Hope you'll find this uselfull cheersIgnored
Disliked{quote} Yeah. I actually like that there are no indicators involved instead of the moving average to determine trend direction. So if you say „filters“, what kind of pure price action filters there are? I tried manual backtesting some trending H1 charts and like you say I would have find my self in a lot of losing trades simply because of entering at the wrong time (even if price direction in general was right). Maybe there are some specific type of entry candles I could try to spot where the retracement moves are of higher chance to follow without...Ignored
DislikedSorry, been a bit quiet trading recently. But I have incorporated this into my own strategy and it works really well. I'm using a new broker but they don't have mt4 support. However, I managed to get into these trades between last night and today. (im UK time). Green dotted lines are my entries and RED dashed lines are my SL. I TP where I scribbled.. lol... when things started to seem a bit exhaused (to me). Had two entries and got around 190 pips risking 30 pips lol... crazy R:R. Can see it was also close to the 100MA where I was looking for entries...Ignored