Building an equity millipede

I read part of this thread and thank Graeme for helping so many people he was able to inspire. I would like to please ask you for some help: can you tell me which "indicator" I need to use on the MT4 in order to plot the 3 EMAs that Graeme also uses on the charts? (5-10-200 or 1-5-10) I tried to check but my MT4 does not have this indicator. It would be enough just 3 simple colored lines with the option to choose for each line the number of days on which to calculate EMA, exactly like those lines that you see in many charts posted by Graeme. Thank you in advance for your help.

Have you tested this indicator?
https://www.forexfactory.com/thread/...70#post3963870

Hi Swingman,

These are standard indicators on the MT4 platform. Go to Insert/Indicators/Trend/Moving Average. This will take you to the Moving Average indicator. Set period to 5, 10 or 200 as required, MA method to "Exponential", Apply to "Close", Shift=0.

That should sort you out.

I hope you wrote the note to @Asterix01 and not to me ...

Hi Wombles, many many thanks for your help, it works perfectly.

@Swingman: thanks for your reply, but i prefer to use standard MT4 indicators.

Oops, sorry Swingman. Speed reading again...

I would like to enquire if anyone is trading this method and with success?

However, I would like to test this method on a live account.

I have read Graeme post a few times and its really inspiring the way he trades. Graeme does have an upper hand and as he trades low risk entries, unlike Graeme I don't have a pinpoint entry method. This market is probabilities and not certainties. No indicator in this world can predict what the chairman of the FED will say in his next meeting. Anyway that's a conversation for another time and place.

Back on topic



In my observation I have found NASDAQ to be the most appropriate trading commodity/currency for this method. In hindsight from 2014 there is a decent uptrend with a few dips. (See weekly chart) the largest dip is approximately 3000 pips.

I have attached 4 charts, Weekly, daily and 4 hourly naked charts (however I do have 1 open position and a few limit and buy stops.) and 1 weekly chart with the sweetspot indicator.
These charts are just to give us a bigger picture of the possibilities of profits we can make, however in hindsight and in theory the possibilities are endless but what about practical? Do we have the patience of seeing profits dwindling away but as Graeme mentioned we need to be bigger then this. Look at the big picture.

Attached is the weekly naked chart


See the big picture

Attached is the Daily naked chart



Attached is the 4 hourly chart





Since I cant predict the market and trading almost more then a decade I have decided to use a simple method, The 00s entry method with a 75 pip stop loss and using 0.10 lots.

I used an indicator called SWEETSPOT and have made lines 100 pips apart. I will be trading the 100 pip lines.

ATTACHED IS A WEEKLY CHART SHOWING THE POSIBILITES



However its only hindsight. We cannot predict the future by looking at the past but it does give us some clues.

Have a look at this chart and let the possibilities seep in.


Patience is key, frustration will be order of the day. Graeme has mentioned that only a few trades (soldiers) survive.

I would recommend any suggestions from you,

I will post my actual trading performance on forum day to day. my live account will be in South African Rands. R10 000.00 ($700.00)

3 or 4 of my soldiers were killed in battle as i am writing this hence my equity is R9 962.58

There wont be any hard and fast rules. The hardest rule will be self discipline to see the profits dwindling away on a downtrend and the urge NOT to close positions due to fear.


ps. can someone please show me how to post pictures directly on the forum and not as attacments

Sweet and short, no novels here....

 

1. From my observation from the 12 May 2021 to the 22 May 2021 (7 trading days), Not a tip of the iceberg to determine a test compared to the years of markets movements.
2. 50 trades
3. 40 losses that hit stop loss
4. 10 B/E trades
5. 7 still running
6. 3 trades manually closed out to smooth out the equity curve
7. In my initial post I have mentioned about 75 pips but I have used 30 pip stop loss
8. Some trades opened on sweetspot and others on the dips using 1 hour charts

 

1. Really frustrating to trade and my lose was 4% of my initial balance with every small spike hitting my stop loss.
2. Too much screen time for my liking
3. The market could have gone either way. Further down which I would have still been in a bigger loss by trying to find the bottom
4. Probably todays (luck) rally I managed to make a loss into a profit.

In future

1. I think 0.50 was way to high per trade.
2. I am not sure where to put a stop loss, probably 40 pips but bigger loses and less chances of being stopped out.

Anybody care to comment?

the falling knife is coming, prepare your sell order.,. build and hold weekly daily monthly.

easy building for buying soldier LTCUSD

Hi all,

this thread has died. Is someone still using principles described by Graeme?

Yes.

Thank you for answer, Bendz.

May I ask you what you find more challenging using this method?

Hi,

"Patience". Nothing more.

If you've practiced 20:20 for sometime, you can easily switch to 20:100. You can easily raise your equity.

It's good for a startup.

Best of Luck.
Benz

Hi Benz,
When you mention practicing 20:20, are you referring to a momentum based scalp entry at an area where a break out is likely?

Hi,

It's around 0.00. Entry based on Round numbers.

Based on 5min charts for entry and exit?

Hi,

Selected material from PipEasy.

If Market is up then BUY, if its down then SELL.
Simple System :
Entering a position at every .00

Draw a horizontal trend line at every .00 on 'zoomed out' daily chart and you will see that you can stack positions effectively with the above system.

Use small lot size but expand your exposure in the market by putting in positions in many different currency pairs.

Does everyone know that price must go from Support to Resistance and vice versa??

And one of the key support and resistance is .00.

You are seriously limiting your s/r if you ignore .00 and look at things like 33% fib instead.

Clever traders build an edge around this area. Think about it.

Use .00 and mini s/r with the flow of market. Connect .00 and x20 take profit. It is now so much easier to see the price come down from .00 and then enter sell for take profit 20.

I hope you've got it.

Cheers Benz.
Much appreciated.

Thanks.
Best of Luck

Benz