Monthly Profit - Daily Trading using SMA

I use 5,3...

I get better results

Hello, i've stopped reading at the page 134. I have. Question. Does the strategy changed since the 1# post update in december 2016? Did you guys find better results by twisting some of the settings? Are the tp still the same as post 1 for example? Thank you

Thanks for sharing maxwell87.
Agreed, I checked a few charts with SMA 5,3 cross and it’s more reliable.

All the best.

It didn’t…

Bearish continuation likely on stock market.

As anticipated. Back down. Short for me.

Many people asks when to exit a trade. I have an approach which you are wellcome to use. But the thing is that I am not a worker anymore. So I can trade when I like = every day :-). And I trade on the 1H timeframe, where I can have many entries in parallel.

I buy 2 portions on every entry. On every portion I make a risk of 0.5%. First portion is closed at 1:1. Now I have 0.5% profit. Next portion is closed at 2:1 = 1% profit. Now I have 1.5% profit.

When I have earned 3%, then I close everything.

There are lots of signals during the day and normally it should not be a problem to earn 3%. Some trades will go into negative and some into positive. Because you have an edge by using this strategy, at some point a number of trades together will reach to 3% of the account and the day is done. You can of cause stop at 2% or even at 1%. Over time this will accumulate nicely.

Yep - EURUSD is fine. A short signal in the trenddirection.

I know that you are supposed to trade on Daily at this thread - and I do. However I am trying out the H1 also just for fun.

Here are 2 setups this morning (CET).

there is a thread dedicated for this strategy on the h1 timeframe...

Oh yes, now that you say it, I remember. I was trying this out some years ago while BK8 was still here. I forgot there were 2 threads.

By the way, EURUSD that you pointed out yesterday is going well this morning.

i took profit on all trades. yesterday was shocking... i havnt seen something like this in a long time. -4% on the sterling. brace for impact....

Hello, new to this thread, I just wanna know the.winrate of this strategy and is it still in use or outdated or updated? Thanks..

Where would one find it, I have had a good look so far no luck, can I please have a name or link.

Thank you

first result when I search for it

https://www.forexfactory.com/thread/...ding-using-sma

I am getting ready for sells

Hi maxwell87, I am also biased for short on these two pairs but not according to this thread’s strategy…

An excellent reminder that we should better trade what we see rather than what we think, and also on the quality of signals provided by this strategy.