500 & 1000 Ma on the H4 Time frame | Forex Factory

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Attachments: 500 & 1000 Ma on the H4 Time frame
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500 & 1000 Ma on the H4 Time frame

  • #1
  • First Post: Aug 8, 2021 8:33am Aug 8, 2021 8:33am
I posted here https://www.forexfactory.com/thread/...ystem?page=132. Some of my consideration about trading the four hour chart. Let add to the chart a high value sma which will serve as reference to place stops.
  • #2
  • Aug 8, 2021 8:42am Aug 8, 2021 8:42am
In this picture we have an inside bar falowed by an outside bar at 500 sma. We want to put our stop at the 500 sma level and let the trade to run.
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  • #3
  • Aug 8, 2021 8:53am Aug 8, 2021 8:53am
And just recent on usdcad
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  • #4
  • Aug 8, 2021 9:03am Aug 8, 2021 9:03am
This low frequency trading system can be your edge. Just have patience and wait for a trade.
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  • #5
  • Aug 8, 2021 9:04am Aug 8, 2021 9:04am
Why the 500 SMA?
Learn from your mistakes and march on.
  • #6
  • Aug 8, 2021 9:19am Aug 8, 2021 9:19am
With a high value sma you can better backtest and count the trades manualy.Also this will reduce overtrading. You heard many times "cut your losses and run profits" but no one have practical solution how to do it.
  • #7
  • Aug 8, 2021 9:20am Aug 8, 2021 9:20am
You can use what MA do you want. Importan to respect your rules of entry.
  • #8
  • Aug 8, 2021 9:25am Aug 8, 2021 9:25am
We all want to avoid loses in trading and for that we lose even more. If we will put stop loss only at this sma ant enter with a speciified candle pattern in zone of this MA what are the chance that SL will be hited every time?

And what are the chances that for a time our trade will run in profit?
  • #9
  • Aug 8, 2021 9:25am Aug 8, 2021 9:25am
Quoting viktor256
With a high value sma you can better backtest and count the trades manualy.Also this will reduce overtrading. You heard many times "cut your losses and run profits" but no one have practical solution how to do it.
Yes, but have you looked at how this plays out in MT4's Strategy Tester? You will be waiting a very long time for a trade using such a wide moving average, and will likely miss out on many trade opportunities.

Have you considered using a multiple of ATR for a stop loss?
Learn from your mistakes and march on.
  • #10
  • Aug 8, 2021 9:47am Aug 8, 2021 9:47am
No ! I trade only frome phone ! Yes ! The number of trades are low. But chances to have profits from theese trades with low DD are higher.
  • #11
  • Aug 8, 2021 11:05am Aug 8, 2021 11:05am
Quoting viktor256
No ! I trade only frome phone ! Yes ! The number of trades are low. But chances to have profits from theese trades with low DD are higher.
So when do you exit the trade?
Learn from your mistakes and march on.
  • #12
  • Aug 8, 2021 12:04pm Aug 8, 2021 12:04pm
1/2 at RR=2 and run the rest for 5-10 days with risk at break even.

Or... Hold 1/2 5 days and the rest up to 10 days
  • #13
  • Aug 8, 2021 12:23pm Aug 8, 2021 12:23pm
Quoting here2there
{quote} Yes, but have you looked at how this plays out in MT4's Strategy Tester? You will be waiting a very long time for a trade using such a wide moving average, and will likely miss out on many trade opportunities. Have you considered using a multiple of ATR for a stop loss?
You can add also to chart the 1000 MA. In this way we wiil increase the number of trades without be affected by market noise.
  • #14
  • Aug 8, 2021 3:22pm Aug 8, 2021 3:22pm
Quoting viktor256
{quote} You can add also to chart the 1000 MA. In this way we wiil increase the number of trades without be affected by market noise.
I don't see the edge in using such a wide MA. In fact, I don't see an edge in using an MA, period.
Learn from your mistakes and march on.
  • #15
  • Aug 12, 2021 7:33am Aug 12, 2021 7:33am
You can post every idea here.... I m sure we ll have soon a strategy with EMA 10000, RSI 1400 and MACD(1200, 2600, 900) soon....

Trades will be take once in 10 years or so.....
Vucking good EA coder... https://t.ly/AZjRM
  • #16
  • Aug 12, 2021 10:57am Aug 12, 2021 10:57am
Quoting reteid2222
You can post every idea here.... I m sure we ll have soon a strategy with EMA 10000, RSI 1400 and MACD(1200, 2600, 900) soon.... Trades will be take once in 10 years or so.....
good point but EMA10,000? Yes, it does exist in your mind.
If you don't like thread starter idea, don't comes in trolling. Leave him alone.
  • #17
  • Aug 12, 2021 1:04pm Aug 12, 2021 1:04pm
Quoting zamans98
{quote} good point but EMA10,000? Yes, it does exist in your mind. If you don't like thread starter idea, don't comes in trolling. Leave him alone.
Trolling was not my intention.... just a joke after a long work day.... that s alll...
Vucking good EA coder... https://t.ly/AZjRM
  • #18
  • Last Post: Aug 13, 2021 1:53pm Aug 13, 2021 1:53pm
Quoting viktor256
In this picture we have an inside bar falowed by an outside bar at 500 sma. We want to put our stop at the 500 sma level and let the trade to run. {image}
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