its working fine on my mt4. i will post all the settings in few min so you can build your own templete
Guppy's Multi-Moving Average (GMMA)
- #762
- Feb 20, 2023 9:23am Feb 20, 2023 9:23am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
Ma in color(mtf): 3,4,5,6,7,8,10,12,14,16,18,20,25,30,35,40,45,50,60,70,80,90,110,120,130,140,150,160,170,180,190
color : 0=yellow, 1=blue, 3=red 2,4,5,,6 = none
Time frame : current or 0
MA IN COLOR 2A : 9,100,150,200
color : 0=yellow, 1=lime, 2=magenta.
APB CANDLES : button OFF
TMT DAILY CANDLE
chart properties : colors: Line graph color to none
color : 0=yellow, 1=blue, 3=red 2,4,5,,6 = none
Time frame : current or 0
MA IN COLOR 2A : 9,100,150,200
color : 0=yellow, 1=lime, 2=magenta.
APB CANDLES : button OFF
TMT DAILY CANDLE
chart properties : colors: Line graph color to none
- #764
- Edited Feb 21, 2023 9:42am Feb 20, 2023 10:01pm | Edited Feb 21, 2023 9:42am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} Hi walvekarraje , which guppy stragey is apply, thanks. {image}
you should be looking at charts like this where there is a established trend and the price action is closer to the 50 ema.
secondly i prefer to look at charts without any candelsticks. i use apb candels when i am entering a trade.
in the next post i will try to explain the entry setups in detail. till then i suggest you go through the word and pdf documents posted in this forum. this will help to understand the system easily
- #766
- Feb 24, 2023 12:39am Feb 24, 2023 12:39am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} Thank you for your advice. I read your document.I upload one snapshot after I understand。 please correct me. Thanks. {image}
the basic concept is to go long when all mmas turn blue and short when all turn red.
i will share few chart details this weekend.
{quote} Yes , absolutely right. the basic concept is to go long when all mmas turn blue and short when all turn red. i will share few chart details this weekend.
there is one confuse for me. for instance, GBPUSD H4 is going short in cross, but switch to H1 in same position, it is not. so How can I process this case? in fact, in market, so many case like this.LTF&HTF is oppist direction. Thanks.
Have nice weekend!
- #768
- Feb 24, 2023 8:49pm Feb 24, 2023 8:49pm
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} Hi Dr. Walvekarraje, there is one confuse for me. for instance, GBPUSD H4 is going short in cross, but switch to H1 in same position, it is not. so How can I process this case? in fact, in market, so many case like this.LTF&HTF is oppist direction. Thanks. Have nice weekend! {image} {image}
otherwise your analysis is correct.
confirm trend on H4. scale down to H! chart, wait for a pullback and continuation pattern on H1.
if H4 is in downtrend, on H1 wait for few lower mmas to turn blue and again red.
1) in this case also make sure the daily candle is bearish
2) H4 price action should not be too far away from 50-100-200 lines.
3) H1 price action should also not be too far away from 50-100-200 lines.
as always the first or second pullbacks are best to trade.
{quote} Yes , absolutely right. the basic concept is to go long when all mmas turn blue and short when all turn red. i will share few chart details this weekend.
- #771
- Feb 26, 2023 7:11am Feb 26, 2023 7:11am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} waiting for your new update and chart detail. Have nice weekend!!
breakout / breakdown from consolidation
Exact same situation is present today in the same pair (GBPUSD D1)
So be on a lookout for break out or breakdown on this pair
- #772
- Feb 26, 2023 7:19am Feb 26, 2023 7:19am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
Entry 2
trading the first or second pull back.
AUDJPY H1 is presently on 2nd pullback and worth keeping a watch this week
trading the first or second pull back.
AUDJPY H1 is presently on 2nd pullback and worth keeping a watch this week
- #773
- Feb 26, 2023 7:25am Feb 26, 2023 7:25am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} waiting for your new update and chart detail. Have nice weekend!!
you are not trading an instrument but you are trading an instrument in a specific timeframe.
i usually trade futures if setup is in M30 or H1.
if setup is developing in H4/D1 i trade options.
as mentioned somewhere in this thread, i ususlly trade only one instrument at a time and 2 lots. stoploss is at swing high/low. book one lot profit ar R:R 1:1 or according to fibo target T1( Fibo settings are posted somewhere in this thread)
- #774
- Edited 8:27am Feb 26, 2023 7:35am | Edited 8:27am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} Your stragey is so rules. Is it possible to running with EA?
2) indian markets are open only 6 hrs a day
3) there is no fixed set of rules and time frame. some basic principles of technical analysis as trendline break, flag trades, fibo retracements etc also come into play while managing a trade.
so i dont think EA is possible. but if you can create EA , give it a try
- #775
- Edited 8:27am Feb 26, 2023 7:43am | Edited 8:27am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
also it is always better to look one timeframe higher to confirm the direction of the trend.
also it is better to look at the daily candle to confirm the todays trend .
both should be inline with your entry .
also it is better to look at the daily candle to confirm the todays trend .
both should be inline with your entry .
{quote} 1) entry 1 breakout / breakdown from consolidation {image} {image}Entry candles :1) all emas turn red. 2) ema 9 < ema100< ema 150 < ema 200 Exact same situation is present today in the same pair (GBPUSD D1){image} So be on a lookout for break out or breakdown on this pair
- #777
- Feb 26, 2023 10:26am Feb 26, 2023 10:26am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} thank you for your detail chart, just several question highlight on snapshot.may you trade futures options, the spread i have to consider.
2) these 3 due to miss entry , can i enter here? again yes. here the trend is well formed. such are the best entries with guppy system with high probablity win rate. also it also is a book picture flag trade where the pole of the flag is your first target.
3) the entry candle is too big..... here i usually draw fib retracement on the candle and enter at 38.2 0r 50 % levels.
also entry below this candle low is also a valid entry.
i use the fibo tool very frequently in my trading. 50% retracements are very common and frequent and work very well with guppy system.
fibo tool for targets also work very well for me. in my previous posts i have quoted multiple examples and settings for the fibo tool i use
{quote} 1) entry will hit SL, wether entry or not? yes. it is a valid entry as per charts which subsiquently proved to be a false breakdown. do not expect all trades to be in profit. the only advantage of trading breakouts/breakdowns is you enter the trend quite early, and the risk reward ratio is very good if market moves in your direction. 2) these 3 due to miss entry , can i enter here? again yes. here the trend is well formed. such are the best entries with guppy system with high probablity win rate. also it also is a book picture flag trade...
,and have to wait. 
- #779
- Feb 27, 2023 6:15am Feb 27, 2023 6:15am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} Dr. Walvekar， as your meation , seems you trade H1 or daily TF , at least 30M,in those TF, not too much chance to trade
todays P/L
as a hobby trader i am very much satisfied sir.
