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Trading 101

  • #21
  • Jun 1, 2021 1:55pm Jun 1, 2021 1:55pm
thank you hasib,

finally I managed to solve

regards
  • #22
  • Jun 2, 2021 12:30pm Jun 2, 2021 12:30pm
Gann Average High low indicator histo.

You can use this too if you like to use other indicator in chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 50 KB
Attached File(s)
File Type: ex4 Gann averages high-low activator_mtf 3_1 histo.ex4   70 KB | 656 downloads
MA provides the market's current direction and strength.
  • #23
  • Jun 2, 2021 12:36pm Jun 2, 2021 12:36pm
This are possible entry.
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MA provides the market's current direction and strength.
  • #24
  • Jun 2, 2021 12:54pm Jun 2, 2021 12:54pm
No Trade zone

2 trade open both trade close with profit. Both of trade is not A++ trade setup, I enter late. but got my return too.
As a human you can't make 100% accurate trade all the time. Its ok.

Remember I don't trade reversal so I don't use most of Course seller concept.
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MA provides the market's current direction and strength.
  • #25
  • Jun 2, 2021 1:03pm Jun 2, 2021 1:03pm
Here is a losing trade, I target big but I stop out. All the indicator support the entry but. EMA direction was not there I should have wait for that direction to come for trade. our losing trade is our best teacher if we want to learn form it.
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MA provides the market's current direction and strength.
  • #26
  • Jun 2, 2021 1:10pm Jun 2, 2021 1:10pm
No trading zone break out, we got ema direction too but we don't get any entry. before getting entry price move lower fast. price enter into no trading zone again. we will wait for our trade.
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MA provides the market's current direction and strength.
  • #27
  • Jun 2, 2021 1:13pm Jun 2, 2021 1:13pm
don't be too hurry to enter trade wait for smooth and nice ema direction and trade entry. I do not enter here. this are training chart for you. observe the chart carefully
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MA provides the market's current direction and strength.
  • #28
  • Jun 2, 2021 1:21pm Jun 2, 2021 1:21pm
1 and 2 are No trade zone.
3 is volatility expansion No trade zone.
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MA provides the market's current direction and strength.
  • #29
  • Jun 3, 2021 1:46am Jun 3, 2021 1:46am
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MA provides the market's current direction and strength.
  • #30
  • Jun 3, 2021 8:05am Jun 3, 2021 8:05am
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MA provides the market's current direction and strength.
  • #31
  • Jun 3, 2021 8:12am Jun 3, 2021 8:12am
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MA provides the market's current direction and strength.
  • #32
  • Jun 4, 2021 12:58am Jun 4, 2021 12:58am
Gold trade. I may close before NFP
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MA provides the market's current direction and strength.
  • #33
  • Jun 4, 2021 2:16am Jun 4, 2021 2:16am
stay careful.
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MA provides the market's current direction and strength.
  • #34
  • Jun 4, 2021 2:58am Jun 4, 2021 2:58am
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MA provides the market's current direction and strength.
  • #35
  • Jun 4, 2021 8:08am Jun 4, 2021 8:08am
our safe trade is when price close to 10 and 20 ema. Why?
Because we get good risk reward.
Look one bad entry and one good entry. Big candle comes with the direction of the ema still I lose the trade.
I should have enter in the black box. since price was choppy in the red box that is why I don't enter the trade.
We have to manage our risk. No indicator based system manage our risk we have to do it ourself.

As a day trader we have to limit our number of trade for the day it will safe us from Big DD.
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #36
  • Jun 4, 2021 8:37am Jun 4, 2021 8:37am
Quoting hasib
This Method is very simple. It will give you a structure of the market. After installing all the indicator, Just go through past price you will get a idea about the system. I use all the indicator in default value, since I don't believe in too much optimization. You can use moving average as a helping tools. 200 ema will help you. you can use your favorite one. when market is trending this system will work excellent. As you know most of the system fails in choppy or random market. This system also fail in those market condition. As a discretionary...
Hi hasib, thanks for sharing your sistem. It is posible to have the Inndicators with MQL4 as we can make an EA for this strategy.
Thanks and my best wishes!
  • #37
  • Jun 4, 2021 10:29am Jun 4, 2021 10:29am
Quoting PetroPol
{quote} Hi hasib, thanks for sharing your sistem. It is posible to have the Inndicators with MQL4 as we can make an EA for this strategy. Thanks and my best wishes!
Hi PetroPol

Ok I will update MQL4 version if I have them. But I am not sure how it will work since This system involve discretion. I identify Choppy market with box and after that when box break out, I open trade with the direction of the EMA, by observing different timeframe, and Market hours etc

some time I don't open trade when I see large candle. Again definition of large candle is self discretion.
After a extending move when price start ranging I usually don't open trade.
EA need exit rules, I use 2.5 RR as my profit target. My stop loss remain fixed.
when I see market conditions is changing I manually exit them. Those exit are working for me but to build EA we need rules based exit rules.
You can try ATR based exit.

I am sure ea can't do what I do. Anyway, you can try. who knows if something good comes out.
MA provides the market's current direction and strength.
  • #38
  • Jun 4, 2021 11:03am Jun 4, 2021 11:03am
Quoting hasib
{quote} Hi PetroPol Ok I will update MQL4 version if I have them. But I am not sure how it will work since This system involve discretion. I identify Choppy market with box and after that when box break out, I open trade with the direction of the EMA, by observing different timeframe, and Market hours etc some time I don't open trade when I see large candle. Again definition of large candle is self discretion. After a extending move when price start ranging I usually don't open trade. EA need exit...
I see your point, and next week i'll start to apply your system. And I'll work in order to find how to define the exactly conditions to enter a trade and how to manage the profits and the SL . I've some indicators that shows the current trend, so if i think some of my indi's could be useful i'll let you know about it, of course. As you said, it's possible that an EA won't be useful for this strategy, but at least we can try!
  • #39
  • Jun 4, 2021 11:35am Jun 4, 2021 11:35am
Quoting PetroPol
{quote} I see your point, and next week i'll start to apply your system. And I'll work in order to find how to define the exactly conditions to enter a trade and how to manage the profits and the SL . I've some indicators that shows the current trend, so if i think some of my indi's could be useful i'll let you know about it, of course. As you said, it's possible that an EA won't be useful for this strategy, but at least we can try!
I look for current indicator MQL 4 version. Unfortunately, I don't have them. but I found this two version.

Gann Average high Low activator will be the same as our current one if we select 10, 5, LWMA.
You can try this CCI Super trend In your EA development.

I add one more indicator, Step MA, Previously I created a EA with this indicator. By reducing the value you can use that as a exit indicator. By increasing the value you can use that as trend filter too.

Hope it will help.
Attached File(s)
File Type: mq4 step one more average 2.3 mtf histo.mq4   13 KB | 543 downloads
File Type: mq4 Gann averages high-low activator_mtf nmc 2.mq4   27 KB | 551 downloads
File Type: mq4 SuperTrend.mq4   5 KB | 616 downloads
MA provides the market's current direction and strength.
  • #40
  • Jun 4, 2021 1:50pm Jun 4, 2021 1:50pm
weekend is coming, I thought price will not move up. I close the trade with little more than 1R. Now seems like price moved up.

Anyway I am happy over all nice profit day end. Day started with gold trade loss.
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
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