Low Risk Low Stress High Reward High Probability Trades
MADdash (Moving Average Distance)
- #3,421
- Oct 21, 2022 10:43am Oct 21, 2022 10:43am
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
- #3,427
- Oct 30, 2022 2:01am Oct 30, 2022 2:01am
{quote} ah, i get your point hammertop, thanks alot. small losses are common in this strategy, the good ones will overcome the small losses. one last question, if your profit is 10 pips or more, how many pips you will trail your profits?
- #3,428
- Oct 31, 2022 5:32am Oct 31, 2022 5:32am
About trade management I'd like to show a sequence of a trade I just closed. Easy to show only winners but I think that losers can teach us more than the former at times. Beside being right or wrong to open it where I did, Pic 1 shows the entry. In pic 2 I moved the SL a few pips closer. But Pic 3 is even more important IMHO: price started to move against me hinting that the trade could be wrong so I moved the stop closer. Pic 4 shows my manual exit with a loss, much smaller that the original one. No more reason to stay in the trade at that point as the NOW TREND was not supported anymore. Preserving the capital is priority: my tally for the day is still positive money-wise.
- #3,431
- Nov 8, 2022 2:44am Nov 8, 2022 2:44am
A breakeven and a win on GJ this morning. I am also using slope with the dashboard. I posted some previous trades under 'SimulationX'. Also appreciate the charts and explanation @Hammertop{image}
After all what we need to succeed, as George repeated many times, is only a little edge, which is momentum on our side, but the most important role is played by trade managemeent. The sooner we get that the sooner we'll start banking those pips. I'll say it again: it really took me ages to stick it in my mind, and still at times I have to fight my bad alter ego, but I win the battle most of the times now. - #3,432
- Nov 11, 2022 6:29pm Nov 11, 2022 6:29pm
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
Low Risk Low Stress High Reward High Probability Trades
Good morning {image} {image} The MADdash gives you a bird's eye view of what each currency group is doing, and you can either sit there second guessing the market or check charts for possible trades. Shalomand good trading to all
Can you pls share and what is the settings for this indicator.
Thank you,
Mezo
- #3,434
- Nov 18, 2022 5:10pm Nov 18, 2022 5:10pm
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
{quote} Dear 919gilead, Can you pls share and what is the settings for this indicator. Thank you, Mezo {image}
Please search through the thread for MA Ribbon Filled, as that's the name of the indicator. You should find my settings in your search. I use MA of high and low of say 200 and MA of high and low of 35/37. You can use EMA or LWA as it don't matter.
Cheers and have a good week-end.
Shalom
Low Risk Low Stress High Reward High Probability Trades
- #3,435
- Nov 19, 2022 8:15am Nov 19, 2022 8:15am
- Joined Jan 2016 | Status: Trader | 2,062 Posts
{image}My best trade of the day
I see you are still killing the market
Is it still working great the indicator you coded few years back before disappearing about corrency strength or correlation or similar?
Cheers
- #3,436
- Edited 8:45pm Nov 21, 2022 8:30pm | Edited 8:45pm
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
{quote} Hola @919gilead I see you are still killing the market
My trading is evolving and is a work in progress. I'm trying to improve everyday, and yes the MADDY still works great but I now trade with an EA and no manual trading for me again.
Some EA trades from November 21 & 22
Low Risk Low Stress High Reward High Probability Trades
- #3,437
- Nov 28, 2022 1:05am Nov 28, 2022 1:05am
I noticed that the dashboard needs to confirm the main direction by itself, rather than waiting for it to become stronger or weaker. I use 1-hour fibo expansion to confirm the current direction, pay attention to the callback of the dashboard in 1 minute and 5 minutes, use fixed profit and loss stop, and track it. The admission mode is 919. I hope it will be helpful to you. You need to pay attention to the intraday range
- #3,438
- Edited 8:04pm Nov 28, 2022 3:59am | Edited 8:04pm
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
I noticed that the dashboard needs to confirm the main direction by itself, rather than waiting for it to become stronger or weaker. I use 1-hour fibo expansion to confirm the current direction, pay attention to the callback of the dashboard in 1 minute and 5 minutes, use fixed profit and loss stop, and track it. The admission mode is 919. I hope it will be helpful to you. You need to pay attention to the intraday range {image}{image}{image}{image}{image}{image}{image}{image}
Low Risk Low Stress High Reward High Probability Trades
{quote} According to all known laws of aviation, there is no way the bumblebee should fly.to get its fat little body off the ground but the bee does not know the law of physics and just keeps flying. We must think outside the box and be creative with our trading and refuse to do what everyone is doing. Cheers folksIts wings are too small
- #3,440
- Nov 29, 2022 5:01am Nov 29, 2022 5:01am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
It never gets easier, you just get better