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Attachments: Daylight Trading Strategy
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Daylight Trading Strategy

  • #321
  • Jun 15, 2021 10:03am Jun 15, 2021 10:03am
Hi LauraT

I have taken my first three live trades using your aggressive one-hour strategy this week, and all three were profitable!

I'm aiming small at this point until I'm ready to take the training wheels off. I have settled on a 1:1 RRR, aiming for 16.5 pips per trade. 1.5 pips for the spread and 15 pips as clear profit. A drawdown/loss larger than that is not good for my trading psychology at the moment and scares me from getting into other trades
  • #322
  • Jun 15, 2021 10:08am Jun 15, 2021 10:08am
Quoting DinosMum
Hi LauraT I have taken my first three live trades using your aggressive one-hour strategy this week, and all three were profitable! I'm aiming small at this point until I'm ready to take the training wheels off. I have settled on a 1:1 RRR, aiming for 16.5 pips per trade. 1.5 pips for the spread and 15 pips as clear profit. A drawdown/loss larger than that is not good for my trading psychology at the moment and scares me from getting into other trades
Hi,

That's fantastic. I love hearing how people are progressing so please keep me updated.

I understand what you mean about keeping the targets and stop losses tight for the time being. It might change in time, or you might find this is what works for you forever. But it doesn't matter whether you make your profits on one 60 point winner or four 15 point winners - all good!
  • #323
  • Jun 15, 2021 10:48am Jun 15, 2021 10:48am
Quoting pedrobhs
{quote} Hey DinosMum, I will update the code for those indicators tonight to align with Lauras recommendation of -50 cross of Slow line, I can also add those alerts you mention and any other alert you might need. Just let me know. Takecare
That's so kind, thank you! The SMMA cross over/under alert would be a dream!

I also really like that you included some things from LauraT's Roadmap strategy (ADR and open/high/low info) in your Daylight indicator

Thanks for your efforts and wishing you an extra green pip week!
  • #324
  • Jun 15, 2021 11:41am Jun 15, 2021 11:41am
Quoting DinosMum
{quote} That's so kind, thank you! The SMMA cross over/under alert would be a dream! I also really like that you included some things from LauraT's Roadmap strategy (ADR and open/high/low info) in your Daylight indicator Thanks for your efforts and wishing you an extra green pip week!
Dino make sure you have the last set of indicators I posted #177 on page 9

I do have included most of Roadmap lines on Daylight and on Williams R there is an experimental cross signal I added for backtesting, see if you can see it, let me know, if you dont want to clutter the thread you can DM me and I can help you. Take care
  • #325
  • Jun 15, 2021 3:28pm Jun 15, 2021 3:28pm
Hey guys, new here. Decided I'd hop on the simulator for some experience before I go live. Took these two back to back trades on EU 15m. They look like solid entries to me. Exited with momentum. How do they look to you guys?
Attached Image (click to enlarge)
Click to Enlarge Name: !STD_EURUSDM15.png Size: 60 KB
You gotta boop the snoot
Learning to scalp NAS100 Part 2 All Time Return: 0.5%
  • #326
  • Jun 15, 2021 3:59pm Jun 15, 2021 3:59pm
Quoting HimmerJimmer
Hey guys, new here. Decided I'd hop on the simulator for some experience before I go live. Took these two back to back trades on EU 15m. They look like solid entries to me. Exited with momentum. How do they look to you guys? {image}
Hi,

Welcome aboard!

Yes, both good entries - well done.
  • #327
  • Jun 15, 2021 4:47pm Jun 15, 2021 4:47pm
Quoting LauraT
{quote} Hi, Welcome aboard! Yes, both good entries - well done.
Thanks! I've been trying to wrap my head around holding trades. I've been exiting on momentum, but I get out early a lot
You gotta boop the snoot
Learning to scalp NAS100 Part 2 All Time Return: 0.5%
  • #328
  • Jun 15, 2021 6:03pm Jun 15, 2021 6:03pm
Time for a break. Still trying to figure out these entries and exits. Lots of late entries or just entering in bad trades. Also plenty of missed opportunities as they seem too far or extended and I wait for a pullback and yet they take off. Increasing aggressiveness only results in more losses. Tough cookie this one is
Attached Image (click to enlarge)
Click to Enlarge Name: 204aededc62e649e923848ae173c3309.png Size: 75 KB
You gotta boop the snoot
Learning to scalp NAS100 Part 2 All Time Return: 0.5%
  • #329
  • Edited 3:29am Jun 16, 2021 12:10am | Edited 3:29am
Nice strategy there LauraT ....

Thought I would try and code the indicator for the MA crosses on WPR...

It doesnt paint arrows for historical/previous crosses... so wait for the next cross to occur

Hope it helps..

Edit: Use Indie by Barraka instead... its far better: https://www.forexfactory.com/thread/...light-strategy?
Attached File(s)
File Type: ex4 WPR-MA-Cross.ex4   11 KB | 480 downloads
.
  • #330
  • Jun 16, 2021 12:35am Jun 16, 2021 12:35am
Hello, thank U for indi.
Waiting for arrow and it doesn't appear...
  • #331
  • Jun 16, 2021 1:30am Jun 16, 2021 1:30am
Quoting max pain
Nice strategy there LauraT .... Thought I would try and code the indicator for the MA crosses on WPR... It doesnt paint arrows for historical/previous crosses... so wait for the next cross to occur Hope it helps.. {file}
FYI, an indi has already been done, which also paints arrows for previous crosses.
You can find it here:

https://www.forexfactory.com/thread/...ight-strategy?
Attached Image (click to enlarge)
Click to Enlarge Name: WPR.PNG Size: 51 KB
  • #332
  • Jun 16, 2021 1:33am Jun 16, 2021 1:33am
Quoting HimmerJimmer
{quote} Thanks! I've been trying to wrap my head around holding trades. I've been exiting on momentum, but I get out early a lot
A win is a win.
We cut the winners short and let the losers run.
  • #333
  • Jun 16, 2021 1:41am Jun 16, 2021 1:41am
Quoting HimmerJimmer
Time for a break. Still trying to figure out these entries and exits. Lots of late entries or just entering in bad trades. Also plenty of missed opportunities as they seem too far or extended and I wait for a pullback and yet they take off. Increasing aggressiveness only results in more losses. Tough cookie this one is {image}
You can play with the Settings for faster entries. Use faster moving averages on the %R like 13 and 5. Long only if %R is above -50.
This gives good results for me. Especially on indices.
We cut the winners short and let the losers run.
  • #334
  • Jun 16, 2021 2:04am Jun 16, 2021 2:04am
Quoting Barraka
{quote} FYI, an indi has already been done, which also paints arrows for previous crosses. You can find it here: https://www.forexfactory.com/thread/...ight-strategy? {image}
Oops my bad... well might just use that one then
.
  • #335
  • Jun 16, 2021 3:00am Jun 16, 2021 3:00am
Quoting HimmerJimmer
{quote} Thanks! I've been trying to wrap my head around holding trades. I've been exiting on momentum, but I get out early a lot
If your position sizing allows it, you could always take partial profit when you get the urge and then leave a remainder running a little longer.
  • #336
  • Jun 16, 2021 3:28am Jun 16, 2021 3:28am
Good morning guys.
Today is a quiet and choppy day for me.. Any pair that worth watching?
Jakepuia
  • #337
  • Jun 16, 2021 3:35am Jun 16, 2021 3:35am
Quoting LauraT
I might have missed a couple of messages due to the way FF post moderation works for new members. If I happen to have missed yours, it's not intentional. Please do feel free to post again if I haven't answered.
Hi Laura . . .thanks for the strategy . . .I'm a bit new to M15 t/frames but maybe with them you can start & finish these trades in a sitting : ).
Re M15 . . is H4 OK to check/compare trend direction?
Also I gather it's best to enter these trades ASAP after the MAs cross, otherwise price can get too far from them?
  • #338
  • Jun 16, 2021 4:49am Jun 16, 2021 4:49am
hey Laura i would just like to firmly thank you for providing us with such great and unique ways of being able to entry trades, ive added these confluences to my trading and i have to get used to them more however it makes so much sense...... im currently using this on demo to get familiar with it but im doing well and will soon enough go onto live account!

once again thank you very very much !!!!
  • #339
  • Jun 16, 2021 4:52am Jun 16, 2021 4:52am
E/A could be worth a look.
Good Trading
  • #340
  • Jun 16, 2021 5:46am Jun 16, 2021 5:46am
Quoting HimmerJimmer
Time for a break. Still trying to figure out these entries and exits. Lots of late entries or just entering in bad trades. Also plenty of missed opportunities as they seem too far or extended and I wait for a pullback and yet they take off. Increasing aggressiveness only results in more losses. Tough cookie this one is {image}
Its about balance
Emotions vs Rules
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