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The Small Turtle System (Donchian Trend +MACD)

  • #421
  • Sep 6, 2022 8:41am Sep 6, 2022 8:41am
i will put trailing stop in cadjpy and aud jpy
Cut your losses. Cut your losses. Then maybe you have a chance
  • #422
  • Sep 6, 2022 8:45am Sep 6, 2022 8:45am
today usd is very strong and jpy is very week
i took aud usd 4 hour sell and i was have trade aud jpy buy and the two are in profit
Cut your losses. Cut your losses. Then maybe you have a chance
  • #423
  • Sep 6, 2022 9:57am Sep 6, 2022 9:57am
Great job Alihelmy123! Got to love the good runs!
  • #424
  • Sep 7, 2022 2:02am Sep 7, 2022 2:02am
[quote=jpntrader;14088563]Sometimes, in order to fully grasp the system, you have to be 100% into it even though you know you could do otherwise. This is what I mean. USDCHF 1h TF. My first entry was correct in everything. Except that it pulled back and the candle changed color. I knew that it was just a pullback and I could hold onto this position; but I was trying to follow the original rule (for now, at least). Closed the position with a very very tiny profit; but then a setup candle appeared again and I should have taken it. But it was late at night in my place. I don't typically do trades after 8-9 PM so I obviously missed this one. This could have been a smooth journey to TP. Normally I am good with this, but felt a bit disappointed mainly because I had a loss before this trade, and this trade could have recovered it. But deep down I believe, in moment like this is when actually my mind/psychology is tested the most and this will shape myself to be a better person. (I have been trading for years and yet this psychology thing is the hardest thing to conquer) So, for new people that engage in this system, here is what you need to know: This system is good; it does the thinking for you and all you need to do is just pull the trigger. However, since the win-loss distribution on trading is random, your mind will be tested at all times. But come in and show yourself every day. At the end of the month it'll be worth it. {image}[/quote

Very interesting , maybe one could have just set a stop under the first color change candle, considering it was a bullish hammer.
  • #425
  • Sep 7, 2022 2:10am Sep 7, 2022 2:10am
Quoting Alihelmy123
{quote} FOR THAT I PREFER TO TRADE BIG TIME FRAMES LIKE DAILY AND LOOK FOR THE MARKET ONE TIME ON DAILY CANDLE CLOSE SOMETIMES IN BIG TRENDS IT MAY BE 8 OR 9 HOUR CANDLE AND YOUR SLEEP TIME COME AND YOU DONT KNOW WHEN WILL CLOSE THE TRADE IT HAPPEN WITH ME IN GBPJPY 1 HOUR THIS WEEK BUT I LEAVE IT AND SLEEP AND WHEN GET UP I FOUND IT STILL TRENDING IN PROFIT BUT IF COME EXIT POINT OR RE ENTRY WHEN SLEEP YOU MAY FEEL BAD FOR ME I DONT RISK MORE 1% AND LEAVE IT SOMETIMES I LEAVE IT AND EXIT POINT COME AND I DONT EXIT BECAUSE I WAS SLEEPIND...
Ali thank you so much for the awesome thread
I trade 8 H and 12 H, that way I can always keep my trades under control.
One thing I would like to add: Stop Runs, especially in some pairs like EURUSD is so prevalent (big boys algos are programmed that way).
So if I see an opportunity AFTER the Stop Run it gives me double confidence.
  • #426
  • Sep 7, 2022 2:14am Sep 7, 2022 2:14am
Quoting ohyeah
{quote} Do you think Warren Buffett would do well trading retail Forex? He might call it rat poison squared.
He invests a lot in Big Oil, you have to have a sick mind to pollute the planet with dirty money.
  • #427
  • Sep 7, 2022 2:25am Sep 7, 2022 2:25am
Quoting jpntrader
I know Ali said only take 20 positions max for a month. But since trading is a probability game with random individual result, but measurable as a group in the long run (given the system is right), you need sample size as large as possible to be able to be profitable. "Sample size as large as possible" means take as many trade as you can, as much as your resource (fund) allows without blowing up your account. This is because although Ali said we'll take loss in 1 of every 3 trades, we don't know the distribution of when we'll win and when we'll...
Hi JPN
I agree on everything except the scaling out. Which goes against the "keep losses small, let winners run" rule. The reason being, your losses will always be with a full wagon, your biggest winners only with half. An exception would be to consider the campaign as 2 trades, one with a faster exit, and the other one with a longer time exit. Then evaluate both "money managements".
Interesting would be, to run the same backtest, (which btw. produced still an awesome performance), with both trades all the way to the maximum potential.
Just my 2 cents worth.
All the best.
  • #428
  • Sep 7, 2022 2:36am Sep 7, 2022 2:36am
Quoting Alihelmy123
IT BECOME VERY EASY NO RISK MORE THAN 1% IF YOU CANT TRADE THIS BETTER DONOT TRADE MAKE BACKTEST FOR THIS SYSTEM IN 4 HOUR DAILY AND WEEKLY IF ONE HAVE 8 HOUR AND 12 HOUR IT WILL ALSO GOOD IF ANY ONE CAN MAKE 8 HOUR TIME FRAME AND 12 HOUR APPEAR IN MT4 IT WILL GREAT AND TELL US HOW{image} TRADE HIGH TIME FRAMES IT IS GREAT IN THIS SYSTEM
I use OMNIA, it costs a couple of bucks but works excellently. Any time frame. One-time payment, good for 2 PCs.

Inserted Video


https://ovo.cz/

You can have a free trial for a month I think.
I have had it for years, very solid.
  • #429
  • Sep 7, 2022 2:47am Sep 7, 2022 2:47am
Quoting cuchuflito
{quote} Hi JPN I agree on everything except the scaling out. Which goes against the "keep losses small, let winners run" rule. The reason being, your losses will always be with a full wagon, your biggest winners only with half. An exception would be to consider the campaign as 2 trades, one with a faster exit, and the other one with a longer time exit. Then evaluate both "money managements". Interesting would be, to run the same backtest, (which btw. produced still an awesome performance), with both trades all the way to the maximum potential....
Hi cuchuflito!
Yes yes, that's an awesome advice which I am trying to implement as well right now.
But the reason of me scaling out at the time of that post, is because I never had a full SL taken out using this system even until now.
The 5 EMA will tell you when to go out, and most of the time (well actually it's safe to say every time) a losing trade only costs me 0.3-0.4 R.
That's why I implemented the "pay yourself" mindset.

But that was one or two months ago.
Now, if I ever take any trade on 4H, I just let it run and use trailing stop.

Thank you for your advice, really appreciate it
  • #430
  • Sep 7, 2022 4:38am Sep 7, 2022 4:38am
Quoting jpntrader
{quote} Hi cuchuflito! Yes yes, that's an awesome advice which I am trying to implement as well right now. But the reason of me scaling out at the time of that post, is because I never had a full SL taken out using this system even until now. The 5 EMA will tell you when to go out, and most of the time (well actually it's safe to say every time) a losing trade only costs me 0.3-0.4 R. That's why I implemented the "pay yourself" mindset. But that was one or two months ago. Now, if I ever take any trade on 4H, I just let it run and use trailing stop....
Thanks for your sharing! how many pips would you normally trailing stop? Are you currently not using the exit item, only exiting when you hit the trailing stop SL? Sorry about my english? Thanks
Thanks for your sharing! how many pips would you normally trailing stop? Are you currently not using the exit item, only exiting when you hit the trailing stop SL? Sorry about my english? Thanks
  • #431
  • Sep 7, 2022 5:23am Sep 7, 2022 5:23am
Quoting tienphuc2910
{quote} Thanks for your sharing! how many pips would you normally trailing stop? Are you currently not using the exit item, only exiting when you hit the trailing stop SL? Sorry about my english? Thanks Thanks for your sharing! how many pips would you normally trailing stop? Are you currently not using the exit item, only exiting when you hit the trailing stop SL? Sorry about my english? Thanks
No problem man, I could understand that.
My trailing stop loss process is the one that I have been using since years ago.
So let's say I am entering on 4H. I will go to a normal Japanese candlestick chart and go down to 1H, and see if there is any CLEAN break of structure to my direction.
I will place my trailing SL above the last high/low.

Yes, I am using this system's exit strategy as well, which is the 5 EMA. But I don't know, it's just a habit of mine ever since before I converted to this system.
  • #432
  • Sep 7, 2022 6:39am Sep 7, 2022 6:39am
Quoting cuchuflito
Quoting jpntrader
Sometimes, in order to fully grasp the system, you have to be 100% into it even though you know you could do otherwise. This is what I mean. USDCHF 1h TF. My first entry was correct in everything. Except that it pulled back and the candle changed color. I knew that it was just a pullback and I could hold onto this position; but I was trying to follow the original rule (for now, at least). Closed the position with a very very tiny profit; but then a setup candle appeared again and I should have taken it. But it was late
...
great words our mind will tested most of the time
this week was awesome trade in cadjpy it was in +10R PROFIT MY MIND TOLD ME THAT IS GREAT GO OUT IT WILL RETURN YOU MADE VERY BIG WINNER I GO OUT THEN IT NOW +15%
WHY I BROKEN MY RULE I DONT KNOW
I MADE THIS WEEK UNTILL NOW MORE THAN 13% IN FIVE TRADES TWO LOSSERS AND TWO WINNERS AND ONE STILL OPEN IN PROFIT
BUT I AM NOT IN GOOD MOOD BECAUSE I BROKEN MY RULE IN CADJPY AND DONT WAIT UNTIL CANDLE COLOR CHANGE OR BROKEN 5EMA
SO OUR MIND WILL TEST US EVERY MOMENT I READ THE ART OR WAR BOOK ND IT DETAILS THE MIND WILL TEST YOU WHEN YOU WIN WAR AND WIN LOSS THE WAR AND THAT DIFFERIANTIATE THE STRONG LEADER FROM WEAK LEADER
AND ALSO GOOD POINTS I READ IN THIS BOOK THAT GOOD LEADER NEVER GET BIG LOSSE IN WAR AND WHEN HE WIN HE MUST DESTROY THE ENEMY
WHO REMEBER THIS WORDS WILL BE CONSISTENT PROFIT BUT MUST FOCUS IN HIS MIND EVERY TIME
Cut your losses. Cut your losses. Then maybe you have a chance
  • #433
  • Sep 7, 2022 6:39am Sep 7, 2022 6:39am
Quoting cuchuflito
{quote} Ali thank you so much for the awesome thread I trade 8 H and 12 H, that way I can always keep my trades under control. One thing I would like to add: Stop Runs, especially in some pairs like EURUSD is so prevalent (big boys algos are programmed that way). So if I see an opportunity AFTER the Stop Run it gives me double confidence.
WELCOME BRO
Cut your losses. Cut your losses. Then maybe you have a chance
  • #434
  • Sep 7, 2022 6:51am Sep 7, 2022 6:51am
THIS FIVE TRADES I TOOK THIS WEEK
EURCAD 1 HOUR -0.2%CLOSED
Attached Image (click to enlarge)
Click to Enlarge Name: EUR CAD 9-7.png Size: 18 KB
GBPCHF 4HOUR -0.7%CLOSED
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF 9-7.png Size: 19 KB

AUDJPY 4HOUR +3.5%CLOSED
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY 9=7.png Size: 17 KB

CADJPY 4HOUR +10% CLOSED
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY 9977.png Size: 15 KB
AUDUSD 4HOUR +2% TILL NOW STILL OPEN
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 9-7.png Size: 16 KB
I BROKEN MY TRADING RULE IN CADJPY AND I DONT WAIT FOR CANDLE COLOR CHANGE
CADJPY TILL NOW AROUND +15% BUT I DONT NOT GET THIS MORE 5% PROFIT BECAUSE I BROKEN MY RULES
I HOPE THIS NOT HAPPEN AGAIN
NOT ALL WEEKS LIKE THAT THERE ARE SOME LOSS WEEKS AND DAYS
AFTER EXCELLENT WEEK LIKE THIS I GET OVERCONFIDENCE SO I MUST TAKE CARE NEXT WEEK
THESE WORDE I TOLD FOR MY SELF
Cut your losses. Cut your losses. Then maybe you have a chance
  • #435
  • Edited 10:22am Sep 7, 2022 9:02am | Edited 10:22am
Just closed this trade on USDJPY for about 575 pips. I chose to move stop loss under each swing low on the way up instead of closing when price closed below 5 EMA, which kept me in the trade longer. The reason I did this was there was no resistance anywhere on my chart 'til all the way back in July 1998, so had lots of room to run. The reason I closed now was it was reaching that historical resistance with about 250 pips to go, so to be safe, got out now. My stop loss was about 60 pips when I opened the trade, so pretty good risk/reward! I also switched over to Japanese candles to manage the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 17 KB
"Be the change that you wish to see in the world." --Gandhi
  • #436
  • Edited 1:37pm Sep 7, 2022 12:26pm | Edited 1:37pm
same here, I got only 340 pips, and closed on the third red candle on H1, H4 was also showing two red candles and the daily has a long wick retrace (the HA candles are still blue and the channel still green). also the MACD crossed 0
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1-6-7-09-22.png Size: 21 KB
  • #437
  • Edited 11:17pm Sep 7, 2022 11:01pm | Edited 11:17pm
learning example
GBPAUD 4HOUR
Attached Image (click to enlarge)
Click to Enlarge Name: gbp aud 9-8.png Size: 13 KB
THIS ONE GOOD OR NO
Cut your losses. Cut your losses. Then maybe you have a chance
  • #438
  • Sep 8, 2022 12:48am Sep 8, 2022 12:48am
Quoting Sputnik100
Hi Ali, quick question, on your 4 hour strategy, do you hold the position over the weekend if it's running. Thanks.
I do, BUT double-check your brokerīs weekend spread. OANDA spikes some pairs up to 30 pips, especially on the Sunday late night open!!!
  • #439
  • Sep 8, 2022 2:53am Sep 8, 2022 2:53am
Quoting Alihelmy123
learning example GBPAUD 4HOUR {image}THIS ONE GOOD OR NO
Counter trend, price at level of resistance... I would pass. Or look to sell on the 1H
  • #440
  • Sep 8, 2022 9:03am Sep 8, 2022 9:03am
[quote=Alihelmy123; IF ONE HAVE [B]8 HOUR AND 12 HOUR[/b] IT WILL ALSO GOOD IF ANY ONE CAN MAKE 8 HOUR TIME FRAME AND 12 HOUR APPEAR IN MT4 IT WILL GREAT AND TELL US HOW

This is an 8 H chart with the indi I mentioned ( I have nothing to do with that company).
Omnia Remote.
On the flexibar window, you can input any imaginable time frame you need:

W2,5
S10
H18
M12
etc.etc.
Attached Image (click to enlarge)
Click to Enlarge Name: 8 H.png Size: 53 KB
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