Monthly Profit - Daily Trading using SMA

Quoting RisingSun

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Open questions, - When of the next day do you make entries? At open, an hour later, etc? - Do you enter market or pending? Thanks RS

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Quoting leleitaly

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After trying almost all the best trading systems here at FF, the one that suits me the most. and what I am most satisfied with is this, I have also created an indicator that at the close of the dayli candle, warns me if there is a cross of the SMA 5, I keep 30 charts open so as to always have some potential market entry. {image}

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Quoting RisingSun

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{quote} Mind sharing the indicator you created? Thanks, RS

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Quoting leleitaly

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{quote} it is not a problem but I am not a programmer, I did it with EA BUILDER, each cross of the candle at the end of the day, with the sma 5, places an arrow, and one push alert on your phone, it must then be managed with your mind whether to enter or not.

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Quoting RisingSun

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{quote} Nobody is answering. How about you, Filipo1 or Oddbjorg? Thanks, RS

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Quoting Oddbjorg

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{quote} Hello old friend. For my part - Going in to check at Tokyo open. Going through the D charts, and decide. I know someone also had good results with waiting to go in at London open. All the best. Oddbjorg

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Quoting RisingSun

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{quote} Good! Simply attach it here so all of us can benefit. Thanks, RS

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Quoting RisingSun

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{quote} Many thanks, Odd! I am enjoying your "interesging pairs" posts. Yours are always good, no reverse results. It also makes sense to wait until euro/London open. Attached is the indicator that gives the sma5 cross of D1 bar. Change the color #4 to yellow and #5 to magenta to get the arrow signs as you see on the chart below. {image}{file} Input parameter for this indicator is as below. {image}

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Quoting Filipo1

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{quote} Hi RisingSun, We post what we see, setups are not related to the messenger but to objective and verifiable signals matching a given strategy. It’s true that the pairs I post sometimes have unexpected reverse results. But it’s also true that the market has unexpected and unavoidable reversals.That’s precisely why we should have a solid risk management system. Like avoiding oversized trades or limiting our risk. Hedging strategies are an interesting alternative to stop-loss orders which are in fact a loss machine, but not everyone will agree...

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Quoting Str3s5

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{quote} Hi Filipo1, If I correctly understand, you are not using stop-loss orders?

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Quoting leleitaly

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{quote} {file}

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Quoting Filipo1

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{quote} Hi RisingSun, We post what we see, setups are not related to the messenger but to objective and verifiable signals matching a given strategy. It’s true that the pairs I post sometimes have unexpected reverse results. But it’s also true that the market has unexpected and unavoidable reversals.That’s precisely why we should have a solid risk management system. Like avoiding oversized trades or limiting our risk. Hedging strategies are an interesting alternative to stop-loss orders which are in fact a loss machine, but not everyone will agree...

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Quoting BataviaTrade

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Hi all, I am just trying to get a grip. I noticed EURNZD. Would this pair comply for a short entry after NY close? Price crossed EMA, pointing downwards. It's also an engulfing candle. I am hesitating because price has higher lows. So price seems to be bullish on longer term. I'm not sure if that is being considered. BT {image}

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