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Magic 100

  • #1,101
  • Jul 8, 2020 5:02pm Jul 8, 2020 5:02pm
And....

here was air between candle and stop necessary:

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Is this a valid trend, a valid Setup?
  • #1,102
  • Edited 6:21pm Jul 8, 2020 6:06pm | Edited 6:21pm
Backtested a random month (2018 Jan). Here my results.
Stayed within London session only. Located impulses with the trend and waited for pullback to origin of impulse, picked only smaller candles that could potentially allow for a 3R profit. Considering moving to BE at 1.5R (will test).

Will slowly backtest 2018 onwards, month by month.

Looking forward to your comments on each trade. thanks!

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  • #1,103
  • Jul 9, 2020 8:58am Jul 9, 2020 8:58am
2 trades taken, the first at 2-1 out the 2 on be
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  • #1,104
  • Jul 9, 2020 9:48am Jul 9, 2020 9:48am
Boa its so typical:

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This all euro trades.

The shorts go high and the buy goes short

Trading is hard!

(Trade in EURNZD little to late, because of that 3R bigger)
  • #1,105
  • Jul 9, 2020 9:48am Jul 9, 2020 9:48am
First attempt and loss shit happens
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  • #1,106
  • Jul 9, 2020 10:32am Jul 9, 2020 10:32am
Folks kindly help me with this indicator[attach]photo_2020-04-09_09-23-43.jpg where can I download it or anyone with it please send it to me
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  • #1,107
  • Jul 9, 2020 11:36am Jul 9, 2020 11:36am
Quoting rafaor
First attempt and loss shit happens {image}
this is how I see it (not saying I'm right)... cleaner areas tend to be higher probability. also check time of day.

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  • #1,108
  • Jul 9, 2020 3:03pm Jul 9, 2020 3:03pm
Quoting ingo3344
2 trades taken, the first at 2-1 out the 2 on be {image}
Nice Ingo! Well done!
  • #1,109
  • Jul 9, 2020 3:05pm Jul 9, 2020 3:05pm
Quoting rafaor
First attempt and loss shit happens {image}
Hey my friend, the first attempt is looking good, nothing wrong with this one. We cannot always win
  • #1,110
  • Jul 9, 2020 3:10pm Jul 9, 2020 3:10pm
Quoting Callidor
Boa its so typical: {image} This all euro trades. The shorts go high and the buy goes short Trading is hard! (Trade in EURNZD little to late, because of that 3R bigger)
Hey Calli, great trades overall! Just add a little patience in it...Keep it up!

By the way: I am wondering about your fibo levels. Your TP level is looking like 1:4. Are you sure you using the right settings for 1:3 RR?
  • #1,111
  • Jul 9, 2020 3:17pm Jul 9, 2020 3:17pm
Quoting Minotawr
EUR/NZD had very nice moves in the last days. This one was a loss, i missed a better entry on the second arrow. Definitely on my WL for tomorrow. {image}
EUR/NZD guys, you worry too much about the losses. If the setup is right and the trend is strong, i am always confident that the next trade is going to be a winner. Get your trading mentality on point.
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  • #1,112
  • Jul 9, 2020 3:50pm Jul 9, 2020 3:50pm
Quoting tradista
Backtested a random month (2018 Jan). Here my results. Stayed within London session only. Located impulses with the trend and waited for pullback to origin of impulse, picked only smaller candles that could potentially allow for a 3R profit. Considering moving to BE at 1.5R (will test). Will slowly backtest 2018 onwards, month by month. Looking forward to your comments on each trade. thanks! {image} {image} {image} {image} {image}
Hi Tradista. Can you tell us what software you used for backtesting? I would like to use something similar that can simulate a starting balance and give the KPIs of the trade. The one you have seems to be very good.
Cheers.

Brent.
  • #1,113
  • Jul 9, 2020 4:04pm Jul 9, 2020 4:04pm
Quoting Minotawr
{quote} Hi Iddd, i trade the Frakfurt and London session. 1 trade per day for every pair. Mostly the major pairs. Sometimes i see a good trend and setup on a daily TF, so i place trades on daily also. Thanks for your questions
Hi, When you said 1 trade per day for every pair:

If you win the trade do not enter until tomorrow if a another one pattern appear?

If you lose the trade, you can enter again if pattern appears again?

Just one trade do not matter result?

Regards.
  • #1,114
  • Jul 9, 2020 4:12pm Jul 9, 2020 4:12pm
Quoting Minotawr
{quote} EUR/NZD guys, you worry too much about the losses. If the setup is right and the trend is strong, i am always confident that the next trade is going to be a winner. Get your trading mentality on point. {image}
It is not mentality, it is the result.

You can wish and be as confident as you want in your mental state, but the bottom line is: Win Money or Lose Money.

It is not as easy as: find a Trend and be confident that it will workout on pullback.

In fact it is a losing propositions for many mostly because R:R is not that great if you have no experience with proper MM and psychology to stay in the trade.

Minotawr, you are trying to encourage, but bottom line is what speaks the loudest.
  • #1,115
  • Jul 9, 2020 5:17pm Jul 9, 2020 5:17pm
Quoting Minotawr
{quote} Hey Calli... I am wondering about your fibo levels. Your TP level is looking like 1:4. Are you sure you using the right settings for 1:3 RR?
Hmmm yes is 3:1 R:

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All my Trades today!

Loss anyway, even if i close EURNZD and EURGBP.

But all trades actually good!? (open sell chfjpy another Setup!)
  • #1,116
  • Jul 9, 2020 5:29pm Jul 9, 2020 5:29pm
Quoting BrentJB
{quote} Hi Tradista. Can you tell us what software you used for backtesting? I would like to use something similar that can simulate a starting balance and give the KPIs of the trade. The one you have seems to be very good. Cheers. Brent.
It's an add-on that runs on MT4, really great piece of software for serious backtesting. there's a thread here about it:
https://www.forexfactory.com/showthread.php?t=575906
  • #1,117
  • Jul 10, 2020 1:05am Jul 10, 2020 1:05am
nevertheless, one can observe the indi of swingMan
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  • #1,118
  • Jul 10, 2020 2:35am Jul 10, 2020 2:35am
Quoting driven18
{quote} It is not mentality, it is the result. You can wish and be as confident as you want in your mental state, but the bottom line is: Win Money or Lose Money. It is not as easy as: find a Trend and be confident that it will workout on pullback. In fact it is a losing propositions for many mostly because R:R is not that great if you have no experience with proper MM and psychology to stay in the trade. Minotawr, you are trying to encourage, but bottom line is what speaks the loudest.
that`s why we have demo accounts to learn this system, grow more confident and once we do well with our trades, only then can we start to trade for real with a small lot size.........patience is not exactly there in most of us.....nobody gets to be a surgeon overnight........practice, practice, practice.....
even with all Minotawr`s experience, he still loses 6 out of 10 trades.......
this thread just started over 2 months ago, so how can you expect for people to be proficient already......study, study, study.......hard work....
  • #1,119
  • Jul 10, 2020 7:29am Jul 10, 2020 7:29am
2 trades on had, the first is closed in plus, the 2 I now drag the sl into plus, ej
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  • #1,120
  • Jul 10, 2020 9:50am Jul 10, 2020 9:50am
Quoting tradista
{quote} It's an add-on that runs on MT4, really great piece of software for serious backtesting. there's a thread here about it: https://www.forexfactory.com/showthread.php?t=575906
Excellent.
Thanks a lot Tradista
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