{quote} Guys, this is a 9 minute snippet from the full EMA strategy I found on youtube. KOF talks about how to identify tough trends in advance and how to flip your trades to take advantage, hope you find it useful. https://www.youtube.com/watch?v=2wk20MqyKaI&t=5s
Ignored
A continued snippet of 9 minutes from the full EMA strategy is much more helpful...
Inserted Video
The best traders hone their skills through practice and discipline.
Hi Cpfleger,
I have been testing this method on the 5 minute and 1minute for a few days and wanted to ask you some questions if you don’t mind?
If on the 5 minute chart, do you trade like Kof with the “cost averaging method” or do you place just one trade?
Also I’m finding there are opportunities on the 5 minute chart however price doesn’t always go back to the red MA, meaning end up with small losses and small wins so overall BE (unless I’m missing something or doing something wrong).
I also wondered how you use volume and if you had any special tips for managing the 5m trades. I noticed in some of your posts your win rate is very high, and wondered if you get many losses on the 5m if you don’t mind me asking?
Many thanks
Mellifluous,
I use one trade and only add when in profit but the screenprints that present here are from my wife's account and is a small balance as she withdrawals her profits every weekend and leaves me a small balance as she knows I love a challenge.
As for the 5M vs 1M TF and 20 EMA (Red MA Line) varies to each Instrument because every Instrument has a different personality and spread. I close most of my trades before the 20 EMA as I love receiving profits but I watch each candle Body and let the candle define exit criteria.
Volume I tend not to use that much because the RSI and HA Candles make my trading decisions for me along with the Black MA Line. My performance is over 95% now due to being very picky about my entries (all MAs must fan outwards and be far away) and exits are short and sweet. Pennies make pounds.
cpfleger
Olarion1975,
This EA follows the initial manual trade position and is very adjustable, once I finish testing I will pass over but I have not been able to find my old MQ4 file.
cpfleger
Olarion1975, This EA follows the initial manual trade position and is very adjustable, once I finish testing I will pass over but I have not been able to find my old MQ4 file. cpfleger
Ignored
Ok, perfect. Thanks. The .exe file should also do the job. ;-)
Mellifluous, I use one trade and only add when in profit but the screenprints that present here are from my wife's account and is a small balance as she withdrawals her profits every weekend and leaves me a small balance as she knows I love a challenge. As for the 5M vs 1M TF and 20 EMA (Red MA Line) varies to each Instrument because every Instrument has a different personality and spread. I close most of my trades before the 20 EMA as I love receiving profits but I watch each candle Body and...
Ignored
what would you do with a runaway trade. What’s your criteria to exit. So really you don’t average down. You only average up? Is that correct. 95% that’s some going
Went to the Archives today, found my old auto pending order EA and testing... cpfleger {image}
Ignored
That EA looks pretty cool. How does it work?
What makes trading manually better for you?
Would you mind sharing it? I have been considering programming an EA with all of the threads criteria.
Thanks
