Monthly Profit - Daily Trading using SMA | Page 602 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daily Profit - H1 Trading using SMA 751 replies

Jake Bernstein 10 SMA high 8 SMA low trading system 94 replies

SMA 200+SMA 55+SMA 5 is very profitable 49 replies

AUDUSD/AUDCHF/NZDJPY basket trading using 50 sma and 200 sma 16 replies

Programming of SMA and SMA cross over 20 replies

Attachments: Monthly Profit - Daily Trading using SMA
Exit Attachments

Monthly Profit - Daily Trading using SMA

  • #12,021
  • Oct 2, 2021 5:47am Oct 2, 2021 5:47am
Hi, I normally trade H1 chart using other systems but I love and I do want to trade a Daily chart.
I think this system is reliable but I could not accept a large SL, can anyone please suggest a good way to reduce an SL for this strategy?

Thank you
  • #12,022
  • Oct 2, 2021 1:13pm Oct 2, 2021 1:13pm
Quoting naruponk
Hi, I normally trade H1 chart using other systems but I love and I do want to trade a Daily chart. I think this system is reliable but I could not accept a large SL, can anyone please suggest a good way to reduce an SL for this strategy? Thank you
Hi Naruponk, how about trading just 1 micro lot? Or use a demo account first?

best regards
BT
  • #12,023
  • Edited 3:46pm Oct 2, 2021 2:37pm | Edited 3:46pm
Quoting furgz1129
Trying this strategy out. Recommendations are welcomed if i am wrong with the following trades. thank you. {image} Im not sure if this trade is to late {image} Eurgbp {image}
Hi,
I don't see the sma5 (simple moving average) on your chart, which is the key in this system.
Also I don't see whether you did a buy or a sell.
Thanks
  • #12,024
  • Oct 2, 2021 3:07pm Oct 2, 2021 3:07pm
Quoting naruponk
Hi, I normally trade H1 chart using other systems but I love and I do want to trade a Daily chart. I think this system is reliable but I could not accept a large SL, can anyone please suggest a good way to reduce an SL for this strategy? Thank you
Add 50 ema
Like when you have a set-up in daily chart put your stoploss according to 50 ema using 4H timeframe like put it above or below according to your sell or buy
Wealthy
  • #12,025
  • Edited 3:04am Oct 3, 2021 12:40am | Edited 3:04am
Quoting naruponk
Hi, I normally trade H1 chart using other systems but I love and I do want to trade a Daily chart. I think this system is reliable but I could not accept a large SL, can anyone please suggest a good way to reduce an SL for this strategy? Thank you
Hi naruponk,
I was like you a few years back: what? 150 pips stop-loss? these guys are nuts!
Discipline is key here and you have to decide if you want to get rich slowly or poor quickly. Not a joke, that’s the best trading advice I was given by Richard Olsen in person (co-founder of Oanda).
Trade calculators are easy to find and will allow you to determine the size of your trades according to S/L distance from entry point and equity for a given risk percentage per trade.
You could also inform yourself about hedging strategies to manage your risk. You see, stop-loss is only the level at which you allow a broker to close your trade and cash out your loss… You can lock the same level of risk using hedging but without necessarily giving your money away due to adverse price action that could prove to be short lived.
I used to be indecisive but now I'm not so sure...
  • #12,026
  • Oct 3, 2021 2:00am Oct 3, 2021 2:00am
Quoting Filipo1
{quote} Hi naruponk, I was like you a few years back: what? 150 pips stop-loss? these guys are nuts! Discipline is key here and you have to decide if you want to get rich slowly or poor quickly. Not a joke, that’s the best trading advice I was given by Richard Olsen in person (co-founder of Oanda). Trade calculators are easy to find and will allow you to determine the size of your trades according to S/L distance from entry point and equity for a given risk percentage per trade. You could also inform yourself about hedging strategies to manage your...
Yes exactly,

There is also an indicator for that if he doesn't want to make the trouble for mt4

Attached Image (click to enlarge)
Click to Enlarge Name: Main-Tab-White-Background.png Size: 33 KB
Wealthy
  • #12,027
  • Oct 3, 2021 2:45am Oct 3, 2021 2:45am
Thank you for help, i will try to make it work
  • #12,028
  • Oct 3, 2021 3:06am Oct 3, 2021 3:06am
Goodmorning everyone.
Place my screen for a possible entrance to the opening of the new D1 bar. Filippo,
I believe that all the entry conditions are summarized here. Correct?
I think the signal is complete to enter.
Confirm? Thanks for replying
Attached Image (click to enlarge)
Click to Enlarge Name: a125e2d423e8e8e86b2f37aa0e27cc59.png Size: 182 KB
  • #12,029
  • Oct 3, 2021 3:55am Oct 3, 2021 3:55am
Quoting Eod
Goodmorning everyone. Place my screen for a possible entrance to the opening of the new D1 bar. Filippo, I believe that all the entry conditions are summarized here. Correct? I think the signal is complete to enter. Confirm? Thanks for replying {image}
Hi Eod, agreed as announced on my post #12017.
I used to be indecisive but now I'm not so sure...
  • #12,030
  • Edited 9:52am Oct 3, 2021 9:19am | Edited 9:52am
Hmm… let’s see how it works with one of the most volatile and unpredictable type of asset.
Attached Image (click to enlarge)
Click to Enlarge Name: A63E579A-C6DE-4A6A-9C48-22ABCEFEBE58.png Size: 740 KB
I used to be indecisive but now I'm not so sure...
  • #12,031
  • Oct 3, 2021 3:26pm Oct 3, 2021 3:26pm
Quoting djahidait
{quote} Yes exactly, There is also an indicator for that if he doesn't want to make the trouble for mt4 {image}
Helo,
is possible to post your Size Calculate Indicator?
Thanks
  • #12,032
  • Oct 3, 2021 11:29pm Oct 3, 2021 11:29pm
Quoting Eod
{quote} Helo, is possible to post your Size Calculate Indicator? Thanks
of course
Attached File(s)
File Type: zip PositionSizeCalculator.zip   46 KB | 333 downloads
Wealthy
  • #12,033
  • Oct 3, 2021 11:37pm Oct 3, 2021 11:37pm
Very useful to quickly calculate lot size and define your risk
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 42 KB



Attached File(s)
File Type: zip PositionSizeCalculator.zip   46 KB | 391 downloads
Wealthy
  • #12,034
  • Oct 4, 2021 1:08am Oct 4, 2021 1:08am
Sell signal sent by USDZAR with bearish divergence on RSI.
Attached Image (click to enlarge)
Click to Enlarge Name: C62169A8-4C77-4460-AA19-2B126A91A542.png Size: 768 KB
I used to be indecisive but now I'm not so sure...
  • #12,035
  • Edited 7:01am Oct 4, 2021 6:12am | Edited 7:01am
Posts #12013 / 12017.
EURJPY / CHFJPY :we should have reached resistance now according to Ichimoku:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7816E932-D3ED-4371-9E93-35C6FC43E11B.png Size: 488 KB
Click to Enlarge Name: 2855B86C-C712-4B8E-A87C-1455B1F7C004.png Size: 426 KB
I used to be indecisive but now I'm not so sure...
  • #12,036
  • Oct 4, 2021 7:09am Oct 4, 2021 7:09am
CHFJPY - I think that we should wait for tomorrow candle. For now, the signal is not so clearly to play SELL.
  • #12,037
  • Oct 4, 2021 10:27am Oct 4, 2021 10:27am
Hi I'm new at the system and I find it great for my day to day lifestyle just what to ask about the SMA I find it better if you use SMA period 5, shift 0
can someone please help me about this setting.
  • #12,038
  • Oct 4, 2021 1:36pm Oct 4, 2021 1:36pm
Quoting djahidait
Very useful to quickly calculate lot size and define your risk {image} {file}
Thanks for sharing.
Strange, downloaded, but I can not open this...?
Anyone else having same problem?
  • #12,039
  • Oct 4, 2021 1:57pm Oct 4, 2021 1:57pm
Quoting interbucks
{quote} Thanks for sharing. Strange, downloaded, but I can not open this...? Anyone else having same problem?
Bro it a zip file ,
Extract it using WinRAR.
https://www.win-rar.com/start.html?&L=0

Then read the file positionsizecalculator.mq4
Wealthy
  • #12,040
  • Oct 4, 2021 4:42pm Oct 4, 2021 4:42pm
My trades 2021/10/04
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 162 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.jpg Size: 161 KB
20 traders viewing now