Rules based system that is profitable on GBPUSD and EURJPY | Page 8 | Forex Factory

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Rules based system that is profitable on GBPUSD and EURJPY

  • #141
  • Jul 6, 2020 6:40am Jul 6, 2020 6:40am
Quoting since80808
{quote} It's not EJ problem )) It's usual MA problem cos it works as a toilet in a flat market. That's why I ask you again and again: what is your criteria of cross confirmation?
go work it out for yourself
  • #142
  • Jul 6, 2020 6:41am Jul 6, 2020 6:41am
Quoting since80808
{quote} It's not EJ problem )) It's usual MA problem cos it works as a toilet in a flat market. That's why I ask you again and again: what is your criteria of cross confirmation?
Why are you here then?
  • #143
  • Jul 6, 2020 6:45am Jul 6, 2020 6:45am
Quoting since80808
Please answer my question: what do you call {quote} ? Because I don't see any confirmation description on your previous pages
Why do i have to baby sit you, you can see my active account below, look at it
  • #144
  • Jul 6, 2020 6:52am Jul 6, 2020 6:52am
I have chosen GBPUSD only as its easier to monitor one chart, im not saying EURJPY cant make money
  • #145
  • Jul 6, 2020 10:19am Jul 6, 2020 10:19am
_))))))))))))))))))))))
You think I attack you, but it's not so - why am I here? )))
You tell about "confirmed cross" but don't describe it - so it's not a trading system, but something like commercial content? Are you ready to sell it? )))))
About your active account... I see you made buy-sell-buy-sell-buy-sell eurjpy trades in a row - you enter EVERY cross - so you have not any confirmation ))))))))))))) Just MA-crosses. But man, once again, it kills account in flat market - that's why you drop EJ out )))))))))

Dear friend, once again - my target is not to shame you - I want to know your idea of cross confirmation OR to create it in cooperation with you for better trading
Just an opinion. Based on research
  • #146
  • Jul 6, 2020 11:00am Jul 6, 2020 11:00am
His way of confirmation is just wait for one more hour candle to close to see if the cross turns back.

So he is just waiting it out
  • #147
  • Jul 6, 2020 11:25am Jul 6, 2020 11:25am
So, as we see, it's a bad confirmation method )))))))))))))))))))))))))))))) Let's find something better
Just an opinion. Based on research
  • #148
  • Jul 6, 2020 11:44am Jul 6, 2020 11:44am
Quoting since80808
So, as we see, it's a bad confirmation method )))))))))))))))))))))))))))))) Let's find something better
You are now blocked from this group
  • #149
  • Jul 7, 2020 9:30am Jul 7, 2020 9:30am
Im enjoying this GBPUSD move
  • #150
  • Jul 7, 2020 9:42am Jul 7, 2020 9:42am
You must allow comments and discussion. Or else this thread will be a trading journal.

Take the comments and just simple reply or ignore and you post your comments. But let people comment and continue to question, same questions will come into mind for other users in future. That way there is action in here. You dont have to add anything to your system. You have something working for you and it might work for others.

FF is all about it. Happy trading.

By the way so far am liking your simple system. It looks nice.
  • #151
  • Jul 7, 2020 4:34pm Jul 7, 2020 4:34pm
Im developing a failure strategy.. Its called 123HOLD.
Eventually GBPUSD will enter a sideways phase which EURJPY has recently been in

For example.. a cross occurs and you get into some profit.
Then it crosses again the price falls and you close in loss.
You then trade that cross and it fails again..only to cross again
After 2 unprofitable trades, the price is in a spiral..
The third Cross you trade it and ignore any other cross until it closes in profit... You keep the stop at the at the predefined level but can adjust it subsequent crosses.
123 HOLD, Hold the third trade..

During a spiral sideways phase the first cross is often the clue where the price is going to eventually break out to
  • #152
  • Jul 8, 2020 9:00am Jul 8, 2020 9:00am
I TP on GBPUSD 170 pips, quite respectable.
My other account MT5 i am continuing to hold buy trade... letting it run
  • #153
  • Jul 8, 2020 10:36am Jul 8, 2020 10:36am
Quoting mkvy
I TP on GBPUSD 170 pips, quite respectable. My other account MT5 i am continuing to hold buy trade... letting it run
nice one bro
  • #154
  • Jul 8, 2020 11:53am Jul 8, 2020 11:53am
GBPUSD
Attached Image (click to enlarge)
Click to Enlarge Name: H4.jpg Size: 207 KB
  • #155
  • Edited 10:01am Jul 9, 2020 9:49am | Edited 10:01am
Closed my MT5 buy, 220 pips profit

  1. +163.87%
  2. Abs. Gain:+245.8%
  3. Daily:1.05%
  4. Monthly:36.41%
  5. Drawdown:11.10%

  • #156
  • Jul 10, 2020 6:09pm Jul 10, 2020 6:09pm
Did i close my MT5 buy trade to early...
i think i closed it fine... i think next week it will cross down further down... waiting for the next one, im sure i will come monday or tuesday
  • #157
  • Jul 10, 2020 6:16pm Jul 10, 2020 6:16pm
I think your system works well for GBPUSD, but not for EURJPY (75% failure rate). Maybe use another pair instead of EURJPY?
  • #158
  • Jul 10, 2020 6:21pm Jul 10, 2020 6:21pm
Quoting Alex.
I think your system works well for GBPUSD, but not for EURJPY (75% failure rate). Maybe use another pair instead of EURJPY?
I have manually backtested GPBUSD over last 6 month... approaching 3000 pips profit using just pure crossovers... no manual TP
I have not backtested EURJPY, i notice it does have periods of multiple loss way longer than GU..

I dont have much desire to search for other currency pairs.. one is enough to make money
  • #159
  • Jul 10, 2020 6:31pm Jul 10, 2020 6:31pm
Quoting Alex.
I think your system works well for GBPUSD, but not for EURJPY (75% failure rate). Maybe use another pair instead of EURJPY?
the recent 6 failures if the strategy is followed right would not have been too terrible... i still think its profitable... this weekend i will do a backtest manually
  • #160
  • Jul 11, 2020 6:35am Jul 11, 2020 6:35am
What happens when market goes into whipsaw/consolidation ?
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