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20 Pips Daily predator

  • #41
  • Jul 9, 2020 1:27pm Jul 9, 2020 1:27pm
Quoting DashKing
{quote} nice questions Babich321.... talking about the risk to reward... i advice a 1:1 using 20pips stop this is ideal in my opinion(binary traders get way less than a 1-1 per trade and i guess they are still fine)... though as time goes on you can actually get a good hang of the trading system with a lesser stop...especially when you get to know the pair that would be consolidating for the day... but that would be too tight for naive newbies who dont understand price gyrations... And with time we would incorporate the 2nd target (this would help...

Thanks for the reply! I'll check your telegram channel daily!
  • #42
  • Jul 9, 2020 2:47pm Jul 9, 2020 2:47pm
reaLLY interesting strategy... im still finding my go to strategy and working 8 to 5 is hard to trade, but i will test this out. i was once consistent in demo with session timings and maybe i can get it again with that. i also joined your telegram.
  • #43
  • Jul 9, 2020 4:01pm Jul 9, 2020 4:01pm
I'm overthinking your strategy over and over again. Tell me if I understood it right: based on the rules of your strategy you'd take 3 trades per day, on each trade moving SL to break even after 10 pips in profit and waiting for 20 pips target?

I'm really wondering whether this will be profitable. I mean you need a hit rate which is significantly higher then 50% to make consistent profit. So best case you make 60 pips per day, worst case you lose 60. That's why I asked for a track record, I'm just wondering if you can be consistently profitbale with this strategy over longer time period. Why don't you share this kind of information?
  • #44
  • Jul 9, 2020 9:46pm Jul 9, 2020 9:46pm
Quoting DashKing
if you have a very clean break out of two of the pairs... you should know that the third would be held in consolidation... GBPUSD was held in consolidation... {image} {image} {image}
The picture is getting clearer. Have to take it for a test drive now.

Thank you
  • #45
  • Jul 9, 2020 10:10pm Jul 9, 2020 10:10pm
another suggestion....If box exceeds 45 pips then trying for 20 pips becomes a higher risk and best to wait for another day...Test for yourself and make your own decision.
Ronnie Renko
  • #46
  • Jul 10, 2020 3:36am Jul 10, 2020 3:36am
Did you catch any prey out of the box today? ...
Attached Image (click to enlarge)
Click to Enlarge Name: did you catch anything outside the box.jpg Size: 345 KB
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips: 3,675
  • #47
  • Jul 10, 2020 3:52am Jul 10, 2020 3:52am
today is friday... i run half day on chart... left a little something on eurusd... i would be away now....i would see you guys by weekend...
study how one pair would be held ... and two pairs are moved...
with Good study... you would see a beautiful trading model unfold...
welcome to the predators....
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips: 3,675
  • #48
  • Jul 10, 2020 3:58am Jul 10, 2020 3:58am
Quoting DashKing
Did you catch any prey out of the box today? ... {image}
i caught the both of them too
  • #49
  • Edited 4:35am Jul 10, 2020 3:59am | Edited 4:35am
Good strategy, it works, my approach is different.

Roy
  • #50
  • Jul 10, 2020 4:27am Jul 10, 2020 4:27am
Need someone to automate this system imo, of course if DashKing grant it.

Regards.
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
  • #51
  • Jul 10, 2020 4:33am Jul 10, 2020 4:33am
Quoting DashKing
Did you catch any prey out of the box today? ... {image}
well done..., I think your box is not quite correct, it contains 13 M5 bars instead of 12!?
I never lose - either I win or I learn...
  • #52
  • Jul 10, 2020 5:32am Jul 10, 2020 5:32am
Quoting DashKing
today is friday... i run half day on chart... left a little something on eurusd... i would be away now....i would see you guys by weekend... study how one pair would be held ... and two pairs are moved... with Good study... you would see a beautiful trading model unfold... welcome to the predators....
eur/gbp was held . Entered eur/usd and gbp/usd. Took profit on eur/usd. gbp/usd almost hitting target. As a safety measure moved gbp/usd to break even.
Thank you for the system.
  • #53
  • Jul 10, 2020 6:39am Jul 10, 2020 6:39am
would be awesome to add push notifications to this indicator which notifies you on your phone if the range is broken! anyone capable of adding this to the indicator?
  • #54
  • Jul 10, 2020 7:49am Jul 10, 2020 7:49am
Back tested from June 10 to July 10, results not very promising - about 0%. Shut be some filters to avoid bad trades.
  • #55
  • Jul 10, 2020 5:31pm Jul 10, 2020 5:31pm
somebody please post the telegram link....
  • #56
  • Edited Jul 11, 2020 4:01am Jul 10, 2020 6:02pm | Edited Jul 11, 2020 4:01am
Use the Divergence to confirm your entries, I use H1 TF.


Roy
  • #57
  • Jul 10, 2020 11:18pm Jul 10, 2020 11:18pm
Is this strategy somehow related with the London Forex Breakout Strategy ?
It looks very very similar.
  • #58
  • Jul 11, 2020 12:21am Jul 11, 2020 12:21am
Quoting DashKing
here is my setting for the indicator... my time zone is gmt+1... so the timing happens to be 9-10 of my brokers time {image}

Hi Dashking,

For GMT+3, start hours will be 11.00 and end hours will be 12.0 right.
  • #59
  • Jul 11, 2020 12:40am Jul 11, 2020 12:40am
Quoting earlroy63
Use the Divergence cheat sheet to confirm your entries, I use H1 TF. {image} Roy
Thanks, what oscillators do you use and what settings?
  • #60
  • Jul 11, 2020 3:21am Jul 11, 2020 3:21am
Quoting pundit78
{quote} Hi Dashking, For GMT+3, start hours will be 11.00 and end hours will be 12.0 right.
You should convert that to your local time first.... Then go to your chart at that very hour to see what time it coincides with on your brokers time... You should then set the indicator to the brokers time...
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips: 3,675
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