Very simple strategy AUD/USD | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Need help for this very very simple indicator 1 reply

Very simple strategy GBP/USD 60 replies

lets develop a system which is very very simple but effective. 7 replies

Yet Another very simple Fib Strategy 103 replies

mt4 coder needed for a very very simple system 2 replies

Attachments: Very simple strategy AUD/USD
Exit Attachments

Very simple strategy AUD/USD

  • #41
  • Jun 17, 2020 12:54am Jun 17, 2020 12:54am
Quoting akamrp
I have also been testing some other SL and TP levels to try and make the risk lower. Here is the best I have found so far with would be TP would be 75 pips and SL be 100 pips from the entry point. It does not have a 100% win rate like the original levels have generated so far but it still has generated a nice amount of pips and depending on how much you are risking per trade, this still could of made you some nice gains since Jan. 16 wins 4 losses = +800pips Here is a list of entries and exits, and whether they won or loss. 10/01 - 27/01 W 29/01...
How is it going with GBPUSD ?
I saw no more update..
Regards.
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
  • #42
  • Jun 17, 2020 5:07am Jun 17, 2020 5:07am
Quoting Shakka
{quote} How is it going with GBPUSD ? I saw no more update.. Regards.
Have not looked at it for this month, I am going to do the same thing I just done for this with the entries dates for it soon. I have focused on this one more as I have used this in my FTMO challenge
  • #43
  • Jun 17, 2020 10:28am Jun 17, 2020 10:28am
Quoting akamrp
Here is a list of each entry so far this strategy has entered since the beginning of the year, entry date and exit date. you can check these dates on your own charts. 23 wins 0 losses so far, this is +1150 pips 10/01 - 24/01 W 29/01 - 30/01 W 04/02 - 07/02 W 11/02 - 20/02 W 25/02 - 26/02 W 02/03 - 06/03 W 10/03 - 10/03 W 20/03 - 20/03 W 24/03 - 24/03 W 26/03 - 26/03 W 01/04 - 01/04 W 02/04 - 02/04 W 13/04 - 13/04 W 15/04 - 16/04 W 20/04 - 24/04 W 01/05 - 07/05 W 13/05 - 14/05 W 15/05 - 15/05 W 22/05 - 26/05 W 28/05 - 28/05 W 04/06 - 04/06 W 09/06...
I have been doing some backtesting and I have my doubts with the trade from "11/06 - 16/06 W". On 11/06 my chart looks like this:


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 133 KB


You said that it was a winning trade. From my understanding and following the rules it should have been a Buy trade, true? However it was stopped as it went against the price for about 160 pips and on the other hand it hasn't reached the 50 pips TP.

Maybe I am wrong or I am selecting the wrong candle but I got somehow confused.

Thanks for your time! Looks very promising
  • #44
  • Jun 17, 2020 10:44am Jun 17, 2020 10:44am
Quoting MrPorch88
{quote} I have been doing some backtesting and I have my doubts with the trade from "11/06 - 16/06 W". On 11/06 my chart looks like this: {image} You said that it was a winning trade. From my understanding and following the rules it should have been a Buy trade, true? However it was stopped as it went against the price for about 160 pips and on the other hand it hasn't reached the 50 pips TP. Maybe I am wrong or I am selecting the wrong candle but I got somehow confused. Thanks for your time! Looks very promising

For me, my candle at the time closed on 6922, the lowest it got to was 6776 which is 4 away from the SL. I have also used the candle before the candle you selected. Please note it is UK time not GMT, i have been made aware of this error
  • #45
  • Jun 17, 2020 11:32am Jun 17, 2020 11:32am
Quoting akamrp
{quote} For me, my candle at the time closed on 6922, the lowest it got to was 6776 which is 4 away from the SL. I have also used the candle before the candle you selected. Please note it is UK time not GMT, i have been made aware of this error
Oh now I see. So you entered just at the end of the previous candle of the one I marked, right? Then that makes sense with your log. Now I know which candle I have to select. I always get confused with the timezones haha. That trade was very close
  • #46
  • Jun 17, 2020 4:37pm Jun 17, 2020 4:37pm
Quoting MrPorch88
{quote} Oh now I see. So you entered just at the end of the previous candle of the one I marked, right? Then that makes sense with your log. Now I know which candle I have to select. I always get confused with the timezones haha. That trade was very close

yes correct enter at the close of the 8am candle which is at 9.00am.

This trade was very close indeed, i think t here has only been one other trade that has been close since I started this strategy.
  • #47
  • Jun 18, 2020 12:45am Jun 18, 2020 12:45am
Quoting akamrp
{quote} For me, my candle at the time closed on 6922, the lowest it got to was 6776 which is 4 away from the SL. I have also used the candle before the candle you selected. Please note it is UK time not GMT, i have been made aware of this error
I think you have to edit the first post about the trading time. So other or the new comers to this thread will not get confused.
Regards.
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
  • #48
  • Jun 18, 2020 5:00am Jun 18, 2020 5:00am
Quoting Shakka
{quote} I think you have to edit the first post about the trading time. So other or the new comers to this thread will not get confused. Regards.

That has now been done
  • #49
  • Jun 22, 2020 3:31am Jun 22, 2020 3:31am
Quoting akamrp
{quote} That has now been done
Just in case if all the buy or sell setup met, but the price is in 26 and 100 EMA range, woud you still take the trade?
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
  • #50
  • Jun 22, 2020 4:45am Jun 22, 2020 4:45am
Quoting Shakka
{quote} Just in case if all the buy or sell setup met, but the price is in 26 and 100 EMA range, woud you still take the trade?
Yes, still take the trade, the price does not matter, only the indicators
  • #51
  • Jun 27, 2020 12:39pm Jun 27, 2020 12:39pm
Quoting akamrp
{quote} Yes, still take the trade, the price does not matter, only the indicators
Hi there..
I think we had a trade yesterday on friday. And it is not closed yet and still running in profit.
Lets see on monday.
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
  • #52
  • Jun 27, 2020 1:08pm Jun 27, 2020 1:08pm
Can someone create an EA for this simple strategy?
Need to backtest several years (maybe 2 to 4 years back) to fine-tune the SL and TP and see whether it is a good system or not. Also we can test for other pairs.
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
  • #53
  • Jun 27, 2020 1:17pm Jun 27, 2020 1:17pm
Quoting akamrp
{quote} Yes, still take the trade, the price does not matter, only the indicators
Hi akamrp..
are you giving up using this strategy? No more feed back from you. Do you still trade with this strategy? Or maybe you have found something not good and you did not post it here.
Regards.
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
  • #54
  • Jun 28, 2020 6:10am Jun 28, 2020 6:10am
Quoting Shakka
{quote} Hi there.. I think we had a trade yesterday on friday. And it is not closed yet and still running in profit. Lets see on monday.

Yes correct, there was a trade on Friday, I am still using this strategy. Just there has not much more to post about it except for when a trade happens. I forgot to make a post on friday about this. I have been testing out other pairs with this strategy though
  • #55
  • Jun 28, 2020 6:14am Jun 28, 2020 6:14am
Quoting Shakka
Can someone create an EA for this simple strategy? Need to backtest several years (maybe 2 to 4 years back) to fine-tune the SL and TP and see whether it is a good system or not. Also we can test for other pairs.

If someone wants to test back a few years or create a EA, let me know. I have only done testing since the beginning of this year
  • #56
  • Jun 30, 2020 4:23am Jun 30, 2020 4:23am
The trade from last week has now hit the TP and won.
  • #57
  • Jul 3, 2020 8:57am Jul 3, 2020 8:57am
Buy Trade opened this morning
  • #58
  • Jul 7, 2020 3:27am Jul 7, 2020 3:27am
Quoting akamrp
Buy Trade opened this morning
This is a win, and another buy trade opened today
  • #59
  • Jul 9, 2020 7:11am Jul 9, 2020 7:11am
The 7th July trade was also a success.

Thank you for sharing the strategy - it has amazing promise. The performance this year has been phenomenal so I decided to backtest it in TradingView. I also live in the UK (near London) so created an account here to let you know the results as the incredible 100% success rate since mid-January might cause you or someone to risk lots on the strategy.

According to the backtest, there was a bad period starting last June with 5 wins and 7 losses:

2019
19/06 - 30/06: S L
01/07 - 04/07: B W
05/07 - 18/07: B W
22/07 - 30/07: B L
12/08 - 05/09: B W
13/09 - 01/10: B L
03/10 - 21/10: S L
23/10 - 30/10: B W
01/11 - 29/11: B L
02/12 - 12/12: S L
16/12 - 23/12: B W
2020
03/01 - 27/01: L L

The backtest agrees that all trades since then have won. I would have a look and see if you can find some additional condition to get rid of some or all of those losses, while keeping the incredible success since mid-January.

I've attached the results. (The amounts in dollars are the number of pips won / lost.)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD-overview.png Size: 123 KB
Click to Enlarge Name: AUDUSD-perfomance.png Size: 93 KB
  • #60
  • Jul 16, 2020 3:26am Jul 16, 2020 3:26am
There is a valid setup for AUDUSD to day
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 285 KB
If you don't build your DREAM, Someone will hire to help build theirs ...
0 traders viewing now