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Magic 100

  • #1,341
  • Aug 17, 2020 3:09pm Aug 17, 2020 3:09pm
Quoting Frag8383
{quote} Nice work, Top ten congrats.
Thanks, man. If you were to kick out all accounts that have a negative overall performance, I would easily be in the Top 3.
  • #1,342
  • Aug 17, 2020 10:47pm Aug 17, 2020 10:47pm
Quoting Olarion1975
{quote} Thanks, man. If you were to kick out all accounts that have a negative overall performance, I would easily be in the Top 3.
That's amazing work, well done. Top 3 is awesome
  • #1,343
  • Aug 18, 2020 12:46am Aug 18, 2020 12:46am
Bonjour tout le monde,
Not being gifted, I am looking for a systematic strategy VS/ Discretionary strategy.
I retain Magic 100 the heart , the simple basic idea. Namely Buy Sell above under SMA 100 and above under an opposite candle.
Beyond finding a more systematic and clear solution for knowing when to enter and exit
Since the time I am on Forex I know, I know my limits.
Already losing I became neutral, and even slightly winning (in demo).
I can work and never work again I will not get your good discretionary results.
Forex is a passion but I have also another life. I can't stay all the day in front of my PC

Take care friends and stay safe
Bien amicalement
jf
  • #1,344
  • Aug 18, 2020 3:30am Aug 18, 2020 3:30am
usdcad ,sell stop ,magic100
Attached Image (click to enlarge)
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  • #1,345
  • Aug 18, 2020 4:23am Aug 18, 2020 4:23am
Quoting amir65
usdcad ,sell stop ,magic100 {image}
I would not enter there...the downmove is already very deep and there's no clear retracement.
  • #1,346
  • Aug 18, 2020 4:33am Aug 18, 2020 4:33am
Quoting amir65
usdcad ,sell stop ,magic100 {image}
Trend very extended at that point,

you should have entered on the 3 up candles in a row the first candle down
  • #1,347
  • Aug 18, 2020 4:53am Aug 18, 2020 4:53am
Quoting Olarion1975
{quote} I would not enter there...the downmove is already very deep and there's no clear retracement.
hi. Thank you for your attention friend.do not enter by frist retracement?why?
The trend is strong.

  • #1,348
  • Aug 18, 2020 5:02am Aug 18, 2020 5:02am
nzdjpy?Thank you for your attention.
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  • #1,349
  • Aug 18, 2020 5:15am Aug 18, 2020 5:15am
Quoting amir65
usdcad ,sell stop ,magic100 {image}
Same trade just a bit sooner
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  • #1,350
  • Aug 18, 2020 5:17am Aug 18, 2020 5:17am
Quoting amir65
{quote} hi. Thank you for your attention friend.do not enter by frist retracement?why? The trend is strong. {image}
The perfect entry would have been at the yellow marked candle:
Attached Image (click to enlarge)
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  • #1,351
  • Aug 18, 2020 5:23am Aug 18, 2020 5:23am
Quoting Olarion1975
{quote} The perfect entry would have been at the yellow marked candle: {image}
You said it before " I only trade from Frankfurt Open to London Close."

Glad you can guide me

  • #1,352
  • Aug 18, 2020 5:30am Aug 18, 2020 5:30am
[quote=teapeak;13118477]{quote} Same trade just a bit sooner {image}[/qu
Tokyo session?
  • #1,353
  • Aug 18, 2020 6:23am Aug 18, 2020 6:23am
Quoting Olarion1975
{quote} The perfect entry would have been at the yellow marked candle: {image}
Reading you carefully helps to understand why an EA cannot work

  • #1,354
  • Aug 18, 2020 7:02am Aug 18, 2020 7:02am
Quoting le celte
{quote} Reading you carefully helps to understand why an EA cannot work
Its a pity in my case it was my personal eabut need to say its not good to take all trades so need to be selective.
  • #1,355
  • Aug 18, 2020 7:05am Aug 18, 2020 7:05am
[quote=amir65;13118505]
Quoting teapeak
{quote} Same trade just a bit sooner {image}[/qu Tokyo session?
yes and I was sleeping too early for me
  • #1,356
  • Aug 18, 2020 7:58am Aug 18, 2020 7:58am
Quoting amir65
{quote} hi. Thank you for your attention friend.do not enter by frist retracement?why? The trend is strong. {image}
The trend is strong true, but you entered when the prices was extended from the pullback so your success rate is going to be lower if you enter very late which I have also see in a later trade posted by you.

I would have entered on the second bar down after the 3 upbars because it closed below the low of the last upbar.

Also go back in the thread and look at Olarion entries, he looks for a pullback and then looks for a indecision bar up if going short and the reverse for going long to enter.

look if you have doubts about the pullbacks use this indicator. is basically a cci, change the period to 14 or 20, place 100 and -100 level on the indicator and take the entry when the pullback ends

Kind regards
Attached File(s)
File Type: ex4 retracement-finder.ex4   5 KB | 510 downloads
  • #1,357
  • Edited 8:22am Aug 18, 2020 8:10am | Edited 8:22am
I have made it very simple for you,

The same charts you posted with the retracement finder

1 Look for trend ema 100
2 look for pullback retracement finder
3 enter when retracement finder show a black line _ end of retracement
4- do not enter if black like is below -100 or above +100
5- do not enter the pullback if is less than 3 bars so basically when you have 2 black lines in a row
6- best retracements goes below-100 for long above +100 for short
7-If you are confident about the trade you can enter before, when you see that the retracement finder is going to croos the 0 level
8- Or just look when there is a retracement and then enter on an indecision bar.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usd-cad.PNG Size: 29 KB
  • #1,358
  • Aug 18, 2020 8:40am Aug 18, 2020 8:40am
Today, Jess' EA and manual intervention for the exit
I only put 4 pairs in the EA.
Because they are all more or less correlated ...
Santé
jf

Attached Image (click to enlarge)
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  • #1,359
  • Aug 18, 2020 8:48am Aug 18, 2020 8:48am
Quoting le celte
Today, Jess' EA and manual intervention for the exit I only put 4 pairs in the EA. Because they are all more or less correlated ... Santé jf {image}
Your biggest loss is bigger than your biggest win--> it cannot lead to profitability in the long run
You cut your winners to early, common mistake of amateurs
Pressure shapes Legends
  • #1,360
  • Edited 9:11am Aug 18, 2020 8:54am | Edited 9:11am
It’s sure Juri. I do this without conviction, as an amateur, on demo account and from time to time when I come back from the swimming pool I watch where the EA is



but oddly this EA is winning. Maybe eventually there is something to do with
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