As I have uploaded the open source if there is any MT5 programmer in the forum and wants to do it.
Roadmap - A Way To Read Markets
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- #2,223
- Jun 3, 2020 5:09am Jun 3, 2020 5:09am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Closed this Dow long before news.
Opened last night and closed +245. Although it should be noted that initial drawdown was around -100 (for those wondering, my initial stop was 25486 and price reached a low of 25536).
Clearly it'd have been even more profitable if I'd waited for the retracement to take place but hopefully it shows that, with appropriate trade management, entries don't have to be spot on.
Opened last night and closed +245. Although it should be noted that initial drawdown was around -100 (for those wondering, my initial stop was 25486 and price reached a low of 25536).
Clearly it'd have been even more profitable if I'd waited for the retracement to take place but hopefully it shows that, with appropriate trade management, entries don't have to be spot on.
- #2,224
- Jun 3, 2020 5:15am Jun 3, 2020 5:15am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
Oil one of your favourites Laura
every Saint has a past. Every Sinner has a Future
- #2,225
- Edited 6:11am Jun 3, 2020 5:59am | Edited 6:11am
Hello,
Please have a look at my attempt to trade the system. Is this hopeless?
I'm selling GU 7 bars back; price had broken the up trendline and resisted the down trendlines... until.. after I entered the trade... it didn't.
I have the feeling this isn't going to work out well...???
Best regards,
Ben
Please have a look at my attempt to trade the system. Is this hopeless?
I'm selling GU 7 bars back; price had broken the up trendline and resisted the down trendlines... until.. after I entered the trade... it didn't.
I have the feeling this isn't going to work out well...???
Best regards,
Ben
![Click to Enlarge
Name: Trade9 [03-06] DOW LONG +50pips.png
Size: 69 KB](/attachment/image/3653938/thumbnail?d=1591191506)
![Click to Enlarge
Name: Trade10 [03-06] DAX LONG +50pips.png
Size: 67 KB](/attachment/image/3653939/thumbnail?d=1591191506)
![Click to Enlarge
Name: Trade11 [03-06] USOil SHORT +40pips.png
Size: 62 KB](/attachment/image/3653940/thumbnail?d=1591191507)
- #2,229
- Jun 3, 2020 7:22am Jun 3, 2020 7:22am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Hello, Please have a look at my attempt to trade the system. Is this hopeless? I'm selling GU 7 bars back; price had broken the up trendline and resisted the down trendlines... until.. after I entered the trade... it didn't. I have the feeling this isn't going to work out well...??? {image} Best regards, Ben
It's not hopeless 
However, you did sell just above the daily open line. That can at times attract or repel price.
- #2,230
- Jun 3, 2020 7:23am Jun 3, 2020 7:23am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Hi Laura,
Pretty nice thread and my appreciation for the work you put . Not many who would spend their time to share free and care about others. Hope Karma will pay back you one day. I am going through the thread page by page with much interest.
here is some scalps I just took.(yes its demo)
Suranga.
Pretty nice thread and my appreciation for the work you put . Not many who would spend their time to share free and care about others. Hope Karma will pay back you one day. I am going through the thread page by page with much interest.
here is some scalps I just took.(yes its demo)
Suranga.
Focus, Patience, Discipline, Determination and Perseverance
- #2,232
- Jun 3, 2020 7:55am Jun 3, 2020 7:55am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Closed out a FTSE trade +81.
Waited for bearish momentum to end (trendline) before getting long.
I'm hesitant to keep posting trades like this as they are basic roadmap trades and don't contain much in the way of learning. However, I'm also conscious that they might give others encouragement as to what's possible. So, I'll probably continue to post the occasional trade to the thread
Waited for bearish momentum to end (trendline) before getting long.
I'm hesitant to keep posting trades like this as they are basic roadmap trades and don't contain much in the way of learning. However, I'm also conscious that they might give others encouragement as to what's possible. So, I'll probably continue to post the occasional trade to the thread
.
- #2,234
- Jun 3, 2020 9:32am Jun 3, 2020 9:32am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Another 240 points on Dow. Some weeks the sun shines, and you have to make hay
Pretty standard trade, waited for bearish momentum to clear and got long.
Pretty standard trade, waited for bearish momentum to clear and got long.
- #2,236
- Edited 9:58am Jun 3, 2020 9:40am | Edited 9:58am
- Joined Apr 2020 | Status: Trader | 129 Posts
Hello, Please have a look at my attempt to trade the system. Is this hopeless? I'm selling GU 7 bars back; price had broken the up trendline and resisted the down trendlines... until.. after I entered the trade... it didn't. I have the feeling this isn't going to work out well...??? {image} Best regards, Ben
I don't always get it right either, so in no way an expert.
This time it worked for me to stay away.
When a pair is in a solid uptrend, I want price to prove to me it wants to change direction:::
While the bands/sma were saying possible short...I look at price structure to show me it really wants to go lower.
I finally decided if it was going to change and go short there would be a better entry later.
My approach is a marriage of roadmap and structure, Roadmap tells me a trade is possible, structure tells me whether to take it or not.
humbly submitted for your consideration..
- #2,237
- Jun 3, 2020 9:45am Jun 3, 2020 9:45am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Hi Laura, how do you exactly use that true trend indicator? thanks!
It's just set to 200, which replicates the channel crossing the SMA200.
- #2,238
- Jun 3, 2020 11:45am Jun 3, 2020 11:45am
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts
Dow being very generous lately. Another bunch of points bagged.
Slight difference with this trade is that it was an 'add to profitable trade' one, not to be confused with a multi-bullet entry. It meant I ended up with double my normal position size.
Slight difference with this trade is that it was an 'add to profitable trade' one, not to be confused with a multi-bullet entry. It meant I ended up with double my normal position size.
- #2,240
- Jun 3, 2020 12:58pm Jun 3, 2020 12:58pm
- Joined Apr 2020 | Status: Daylight Roadmapper | 1,371 Posts