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Forex Dynamite: Explosion of Pips ;)

  • #481
  • Mar 4, 2016 1:23am Mar 4, 2016 1:23am
Hi,

Anyone can understand below statement, what does it mean and any example can provided as illustration?

" Try to avoid trades if the price breaks 200MA in 1hr chart and the other Ma's are above it as in case of sell and vice versa"

For 1Hr chart, for sell entry, the price should break below all the MA. For above statement, are Varun mean that the even through price break all the MA, however, if the 34MA & 55MA are above the 200MA, then we should not enter the trade even through it break all the 3 MA? Is my understanding correct?

Anyone can advise?
Attached Image (click to enlarge)
Click to Enlarge Name: Original Vman instructions.JPG Size: 152 KB
  • #482
  • Mar 4, 2016 1:40am Mar 4, 2016 1:40am
i never made money in forex. Thanks for sharing, hopefully this will help me.

Thanks for your generosity, god bless
  • #483
  • Mar 4, 2016 1:51am Mar 4, 2016 1:51am
Quoting thebenz
This is the perfect trade, but i was not in front of my computer.. {image}
May I know what MA is the aqua line on the H4 chart?
  • #484
  • Mar 4, 2016 3:39am Mar 4, 2016 3:39am
Quoting fxenthusiast
{quote} May I know what MA is the aqua line on the H4 chart?
Blue = 34 SMA.
Red = 55 SMA.
Black = 200 SMA by default... varun recommends Ema instead.
  • #485
  • Mar 4, 2016 3:45am Mar 4, 2016 3:45am
Quoting calvinkok
Hi, Anyone can understand below statement, what does it mean and any example can provided as illustration? " Try to avoid trades if the price breaks 200MA in 1hr chart and the other Ma's are above it as in case of sell and vice versa" For 1Hr chart, for sell entry, the price should break below all the MA. For above statement, are Varun mean that even through price break all the MA, however, if the 34MA & 55MA are above the 200MA, then we should not enter the trade even through it break all the 3 MA? Is my understanding correct? Anyone can...
I can't imagine what else it would mean. (i.e. yes I think so.)
  • #486
  • Mar 4, 2016 5:33am Mar 4, 2016 5:33am
Quoting calvinkok
Hi, Anyone can understand below statement, what does it mean and any example can provided as illustration? " Try to avoid trades if the price breaks 200MA in 1hr chart and the other Ma's are above it as in case of sell and vice versa" For 1Hr chart, for sell entry, the price should break below all the MA. For above statement, are Varun mean that the even through price break all the MA, however, if the 34MA & 55MA are above the 200MA, then we should not enter the trade even through it break all the 3 MA? Is my understanding correct? Anyone can advise?...
Most trader use 200MA as support and resistance, so if price break a 200MA, maybe price trying to break support or resistance.
If price break 200MA down but the faster MA still above 200MA this is not good take a sell yet..
CMIIW..

The picture explain what Varun mean :
Attached Image (click to enlarge)
Click to Enlarge Name: avoidH1200EMAbreak.png Size: 64 KB
  • #487
  • Mar 4, 2016 1:07pm Mar 4, 2016 1:07pm
Quoting sigill
{quote} I cannot find any obvious bugs in his code -- it looks very well done. BUT I can almost guarantee it will not be profitable, and we should focus on learning Manual.

For one, it is missing some components:

 

  1. does not evaluate long-term trend (e.g. D1).
  2. does not check for good separation on the 5,3,3.
  3. does not wait for market to move 5 pips beyond close of signal bar -- very important!
  4. does not avoid news times (lowering Spread limit might help).
  5. does not look at session/pair liquidity cycles.
  6. does not evaluate

...

Can anyone make these changes to the EA? I'm sure we can get this thing to be profitable with a bit of work. As for it not monitoring trend on higher time frame, why can't we set it up so it has to run on both the H1 and H4 and even Daily, and use Global Variables to each other when the price is right on all 3 to trade?
Attached File(s)
File Type: mq4 ForexDynamiteEA.mq4   11 KB | 675 downloads
  • #488
  • Mar 4, 2016 1:16pm Mar 4, 2016 1:16pm
PLEASE DO NOT POST HERE, The new home has been built . Enjoy


V
Precise Execution!
  • #489
  • Mar 4, 2016 2:00pm Mar 4, 2016 2:00pm
Quoting foxtrader16
After eyeballing all the pictures Varun posted along with the explanations and discussions I am beginning to see the light and consistency of this set-up. It is not complicated at all IMHO. Nonetheless the eyes will need to get trained to recognize the buy / sell opportunities. The pictures now look "strange" without Varun's "hand-sketched marks . I will start posting pictures and trades where I use this strategy. Thanks Varun, Sigill and others for making this post so interesting and useful.

Please do, more pictures the better
  • #490
  • Mar 4, 2016 5:51pm Mar 4, 2016 5:51pm
Quoting varun76
PLEASE DO NOT POST HERE, The new home has been built . Enjoy V
Pls inform us where is the new home so we can follow.....
  • #491
  • Mar 4, 2016 6:51pm Mar 4, 2016 6:51pm
Quoting fxenthusiast
{quote} Pls inform us where is the new home so we can follow.....
here you go http://www.forexfactory.com/showthre...40#post8794540
Precise Execution!
  • #492
  • Mar 24, 2016 6:58am Mar 24, 2016 6:58am
Quoting Mingary
{quote} Have you thought about helping him get a real job or help him make a career change that actually works? It sounds like your friend is wiser than you think because "he lost interest"

The guy wants to sit at home and do nothing. He wants it easy so I gave him my entire system that I wrote down in my diary and explained it to him how to do well with it and he still doesn't do it. His life went downhill as soon as he graduated college. But I plan to cut ties because I can't be responsible for an adult if he still won't do anything about his life.
  • #493
  • Aug 2, 2022 9:27am Aug 2, 2022 9:27am
Life is too short to mind

Hope you guys are in good health, I would really appreciate if this thread can get active again, I would love to interact and trade together.

Cheers to the counting days of hustle for a life we wouldn't want anything else.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 56 KB
Precise Execution!
  • #494
  • Aug 3, 2022 8:04pm Aug 3, 2022 8:04pm
Quoting varun76
Life is too short to mind Hope you guys are in good health, I would really appreciate if this thread can get active again, I would love to interact and trade together. Cheers to the counting days of hustle for a life we wouldn't want anything else. {image}
Hello, varun76, are you still using this strategy?
  • #495
  • Aug 4, 2022 1:51am Aug 4, 2022 1:51am
Hi Varun,

Im currently testing this strategy and would be interested to know if you still use it and if any rules have changed?
  • #496
  • Aug 4, 2022 2:41am Aug 4, 2022 2:41am
Quoting Ding1230
{quote} Hello, varun76, are you still using this strategy?
Yes mate, but its not about the strategy only but about the music too, I've been trading only this for past few years, ofcourse with few many improvisation but concept remains the same. Last July we took an account to $7 mill from 0.8 but a small mistake brought it down to 3.8 mill last whole year was about money management let's see how it goes from here.
Precise Execution!
  • #497
  • Aug 4, 2022 2:44am Aug 4, 2022 2:44am
Quoting au786
Hi Varun, Im currently testing this strategy and would be interested to know if you still use it and if any rules have changed?
Few improvisations I've made was thinking to come up with a detailed post about it if the thread gets active again, May be I'll work on it soon mate, but the core concept remains same.

Cheers
Precise Execution!
  • #498
  • Aug 4, 2022 5:40am Aug 4, 2022 5:40am
Quoting varun76
{quote} Yes mate, but its not about the strategy only but about the music too, I've been trading only this for past few years, ofcourse with few many improvisation but concept remains the same. Last July we took an account to $7 mill from 0.8 but a small mistake brought it down to 3.8 mill last whole year was about money management let's see how it goes from here.
OK, thank you for your answer.
  • #499
  • Aug 4, 2022 4:37pm Aug 4, 2022 4:37pm
Quoting varun76
{quote} Few improvisations I've made was thinking to come up with a detailed post about it if the thread gets active again, May be I'll work on it soon mate, but the core concept remains same. Cheers
I hope you'll make a detailed post about it! Just found you and this method opened my eyes for sure. Still can't figure out how you average 34hours in trade but trade 4hr chart.. One of the reasons I prefer to trade 15 min TF cause it seems trading in 4hr takes too damn long.. Or am I missing out on something?

All the best!
  • #500
  • Aug 5, 2022 7:53am Aug 5, 2022 7:53am
Quoting varun76
{quote} Few improvisations I've made was thinking to come up with a detailed post about it if the thread gets active again, May be I'll work on it soon mate, but the core concept remains same. Cheers
Also, Varun,

I thought of a concept of what I'd like to know, maybe this will help to break everything down easier when you make a new post. Also, let me know if you need any help with tutorial pictures or anything. I'll be glad to learn and help you out at the same time.

1. Name of your Strategy (just kidding)
2. Indicators used
3. Indicators settings
4. Timeframes used
5. First thing to look for, second, third and etc.
6. How to place your entry
7. How to place your stop loss
8. How to correctly exit the trade
9. What currencies to trade this strategy with
10. How many trades there are per one week / one month
11. Average profit per one week / one month in pips
12. Average risk / reward ratio
13. Average time in-trade
14. Is it still possible to enter the trade if the “on-point” entry happened during sleep time?
15. Is it possible to use a different time frame with the strategy and what would be the benefits and vice versa?
16. Do you still use MT4 instead of MT5 and why?

Best regards!
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