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Magic 100

  • #541
  • Jun 3, 2020 9:49am Jun 3, 2020 9:49am
Few more trades.....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2020-06-03_16-39-55.jpg Size: 159 KB
Click to Enlarge Name: 2020-06-03_16-39-02.jpg Size: 154 KB
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  • #542
  • Jun 3, 2020 11:11am Jun 3, 2020 11:11am
Quoting teapeak
Few more trades.....
Can you post the indicator that draws the arrows on the retracement candle?
  • #543
  • Jun 3, 2020 12:27pm Jun 3, 2020 12:27pm
Quoting xkwisit2001
Had a feeling this thread would look so different after not posting in a while lol. Anyways, I still use this in my system and trading EUR/AUD (1HR) this would net you ALOT of pips. Well over 1000 pips to be a bit more precise. It works in-line with my system anyways so it was refreshing to see people trading a similar style. Ignore my arrows on the chart, those aren't relevant right now. Yellow lines are entries and red lines stop loss. Red is 50EMA which I use as a filter but 100EMA is above. {image}
Hi, what indicators you used here? You got a PM from me as well THanks!
  • #544
  • Jun 3, 2020 4:20pm Jun 3, 2020 4:20pm
Quoting Degolep
Why everyone want's to improve something that has been working for years(as the op said)? Minotawr said that EMA100 is just for visuals and not just blindly use it as a holy grail MA. But if you think some other indicators could help improve the strategy, test it before for a long period then provide results and we will all be happy if it contributes to improving the strategy.
Thanks my friend for the comment! I donīt get it also. The majority of people is just thrilled about indicators. Many of the traders overload their charts with bullshit, just to think the indis could take over the thinking for them. Nobody will do the hard work. Everybody wants an EA and a shortcut to success.

Only a few are able to take action, to be persistant and disciplined and only they will succeed in the end.
  • #545
  • Jun 3, 2020 4:22pm Jun 3, 2020 4:22pm
Quoting teapeak
DAX rulez {image}
DAX30 is truly a cash mashine these days.
  • #546
  • Jun 3, 2020 6:17pm Jun 3, 2020 6:17pm
Can you please provide a myfxbook link? Thanks
  • #547
  • Edited 9:44pm Jun 3, 2020 6:44pm | Edited 9:44pm
Quoting teapeak
DAX rulez {image}

Maaaaaaaaaaaaaaaaaaaaaaaate im in DAX now

The open at 12AM GMT is FREE MONEY

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB


EDIT: TREND CHANGE TOO LOL - I TP As soon as I saw that big red dirty candle on the 1M and got in on 2nd pullback after confirmation of downtrend.

Attached Image (click to enlarge)
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You can lead a horse to water, but you can't make it drink
  • #548
  • Jun 4, 2020 2:00am Jun 4, 2020 2:00am
I'm happy for you mate, although I don't trade DAX.

KP

Quoting xkwisit2001
{quote} Maaaaaaaaaaaaaaaaaaaaaaaate im in DAX now The open at 12AM GMT is FREE MONEY {image} EDIT: TREND CHANGE TOO LOL - I TP As soon as I saw that big red dirty candle on the 1M and got in on 2nd pullback after confirmation of downtrend. {image}
Do your homework, follow the footprints of smart money
  • #549
  • Jun 4, 2020 6:13am Jun 4, 2020 6:13am
is this should've been a buy order?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 37 KB
  • #550
  • Jun 4, 2020 6:57am Jun 4, 2020 6:57am
Quoting jnfer
is this should've been a buy order? {image}
Yes and also there was a buy before.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 28 KB
Anything above the line is an uptrend, below the line is a downtrend.
  • #551
  • Jun 4, 2020 6:59am Jun 4, 2020 6:59am
Quoting Degolep
{quote} Yes and also there was a buy before. {image}
and that would've hit SL?
  • #552
  • Jun 4, 2020 7:05am Jun 4, 2020 7:05am
DAX30 fast 1:2
Works perfectly



Attached Image (click to enlarge)
Click to Enlarge Name: DAX30H1_04062020.png Size: 41 KB
https://twitter.com/BeauBuyer
  • #553
  • Edited 7:18am Jun 4, 2020 7:07am | Edited 7:18am
Quoting jnfer
{quote} and that would've hit SL?
I marked the wrong candle because you have strange colors of candles and I mixed it up

If you trade by the rules then yes SL would be hit. But I wouldn't have a 8 pip SL.

Here are the two trades today, cross on yellow lines is the 1st entry today, and if you go by the rules it would hit SL and cross on blue lines is the 2nd entry and then the news helped it to move a bit
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-06-04 14_09_46-525790_ AtlanticPearl-Demo 2 - Demo Account - [EURUSD,H1].png Size: 60 KB
Anything above the line is an uptrend, below the line is a downtrend.
  • #554
  • Jun 4, 2020 9:09am Jun 4, 2020 9:09am
Quoting ixam23
DAX30 fast 1:2 Works perfectly {image}
The next candle did not trigger the buy stop but you kept the pending order anyway . I was also looking at it but I cancelled my pending order because it did not get triggered on the very next candle .is it okay to hold like that?
  • #555
  • Jun 4, 2020 10:06am Jun 4, 2020 10:06am
Hello, minotawr, nice thread, so simple. I have a question respect pending order. Is there any situation that the pending order is cancelled?

How about the picture below? The buy stop marked in the chart remains until is triggered? Thank you very much.
Attached Image (click to enlarge)
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  • #556
  • Jun 4, 2020 10:40am Jun 4, 2020 10:40am
Minotawr, I would like to thank you for this amazingly good and simple strategy. I am all in on it Still demo testing it but it looks very good.

I was just wondering how long have you been trading this strategy? I can' remember but you said a few years and you are also trading it on live account I guess?
Anything above the line is an uptrend, below the line is a downtrend.
  • #557
  • Jun 4, 2020 12:07pm Jun 4, 2020 12:07pm
Quoting Degolep
Minotawr, I would like to thank you for this amazingly good and simple strategy. I am all in on it Still demo testing it but it looks very good. I was just wondering how long have you been trading this strategy? I can' remember but you said a few years and you are also trading it on live account I guess?
https://www.forexfactory.com/showthr...6#post12876936

https://www.forexfactory.com/showthr...3#post12867833
  • #558
  • Jun 4, 2020 1:00pm Jun 4, 2020 1:00pm
Hi Guy's

Firstly I would like to thank Minotawr for this strategy, and others that make a contribution. Today I finally took the plunge and placed a few orders this morning GMT 9.00am. Using this strategy the results are attached below. I have not been in this game very long but found Minotawrs stategy very simple to impliment and not time consuming, the trades I took this morning are all now closed. If their are any doubters out there this strategy is as it says on the tin simple and profitable, even for a beginner like me. Good luck to all.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 212 KB
  • #559
  • Jun 4, 2020 2:05pm Jun 4, 2020 2:05pm
Quoting Wyrebill
Hi Guy's Firstly I would like to thank Minotawr for this strategy, and others that make a contribution. Today I finally took the plunge and placed a few orders this morning GMT 9.00am. Using this strategy the results are attached below. I have not been in this game very long but found Minotawrs stategy very simple to impliment and not time consuming, the trades I took this morning are all now closed. If their are any doubters out there this strategy is as it says on the tin simple and profitable, even for a beginner like me. Good luck to all. {image}...

Long term you will blow your account trading currencies, MA and other stuff works good on stocks or DAX etc. not in currencies.
  • #560
  • Jun 4, 2020 2:20pm Jun 4, 2020 2:20pm
Quoting kodakwhite
{quote} Long term you will blow your account trading currencies, MA and other stuff works good on stocks or DAX etc. not in currencies.
Its about choosing visibly trending pairs.
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