Monthly Profit - Daily Trading using SMA

Quoting Kodzhamanov

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{quote} After a lot of time trading exactly as Bk8. Open 2 positions closing one after one candle in profit and leaving the other to run. I found this sometimes lead to less than 1:1 RR. Sometimes after few days of profit, the negative candle led to a breakeven. Sometimes spikes also closed future profitable trades. Of course, this is a matter of psychology, I am sure my approach for sure was not the best. However, I decided to backtest the strategy and to open just one position closing after one candle in profit after that two candles in profit....

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Quoting Filipo1

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Buy signal on CADJPY. {image}

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Quoting AlanAA

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{quote} I have run some backtesting of this strategy too. in 2020 EURUSD made only 0.38% profit (breakeven). This was the result when opening 2 positions, closing one position at 1:1 RR, moving both stops below the candle that moved in favour to my position. The second position, having no TP will close when price hits the trailing stop. Consequently, when backtesting the same year but using the following trade management:- open 1 position using trailing stop (SL moved below the rescent S/R or below candle in my favour.) I've had a profit of 17%....

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Quoting Oddbjorg

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Hello. An interresting pair. Bullish according to the system. Things to consider - Price is at upper bb and upper and lower bb are narrowing. TP 1,2660 - ?? All the best - take care. {image}

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Quoting dany78

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next week {image} {image} {image} {image}

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Quoting Str3s5

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Is there SELL singal on NZDCAD? {image}

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Quoting Filipo1

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{quote} Hi Str3s5, Strictly speaking yes BUT: 1. The pair has been essentially ranging recently so I would prefer to sell once price action closes below the daily range. 2. The weekly chart isn’t encouraging with a long wick below current candlestick. We should likely have to wait for the closing possibly below the Bollinger middle band. 3.What happens next with the Fibonacci 50% could give us a good indication. All the best. {image}

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Quoting Oddbjorg

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Hello friends. Interresting pair - Maybe Long - but keeping an eye on the mid bb as res. - but if going through the roof - maybe 20 pips to gain. At the moment only 50/50 Of course we can always investigate in BK8 H1 system in this pair, untill we know about if BK8 D system is ok. But I do not have the time to babysit BK8 H1 system at the moment. All the best and take care. Oddbjørg {image} {image}

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Quoting Oddbjorg

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{quote} Hello EU did not go like I thought. We will see. In the meanwhile UsdJpy looks interresting. SMA pointing a bit up and candle crossing Mid bb. We might need one more candle to get out of the flat ranging. Some strength in one currency and ranging in the other. Take care. {image} {image}

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Quoting Filipo1

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{quote} Hi Oddborg, It’s remains a sell for me and I see the recent retracement as an interesting short entry point with close hedge over the Kijun/trend line cross. Let’s wait for Jackson Hole deliberations. All the best. {image}

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Quoting Filipo1

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{quote} 1.5 is indeed referring to lot sizing. If I initially sell 1 lot my hedging stop buy order will be set for 1.5 lot and at the level where I would have normally placed my classic stop-loss order. The rationale is that in case of adverse price action I need to accelerate the offsetting gain on the hedging position. Why? Simply because adverse price action could be short lived in case of stop hunting or liquidity test like the recent 1.20 on EURUSD. That’s also the justification for a trailing stop-loss on the hedging trade.

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Quoting Str3s5

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Hello everyone! Have a great weekend I have a question. It is a nice sell singal on EURAUD pair? {image}

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