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Day trade setup

  • #781
  • May 6, 2023 12:09pm May 6, 2023 12:09pm
Quoting MidnightRun
{quote} Hasib, thanks for posting the method and clarifications. Question: the settings for the histo indi should be the same (i.e. 10:2, 20:2, 30:2)? Thanks.
Hi MidnightRun
For GbpJPy I found this setting works better than the default setting.
for Other pairs, if you find anything good let me know.

Best of luck
MA provides the market's current direction and strength.
  • #782
  • May 6, 2023 1:35pm May 6, 2023 1:35pm
[quote=S_winner;14417919]{quote} Legyen óvatos. Ne halj meg Karoshitól. [/idézet]
I don't have to worry about that, I'm not making a system out of it. But he offered himself so much that I jumped at him.
  • #783
  • May 6, 2023 3:03pm May 6, 2023 3:03pm
Quoting hasib
{quote} TP Hit. Strategy Conceptual framework You don't have to trade every day look for better setups and execute trade. The Strategy is simple. Trade with the Directions of the 21 EMA and 6 EMA. ( you can use 21 EMA as your Baseline too) Triple Super trend indicator 10:2, 20:2, 30:2 settings, You can use histo version or the CAndle version. ( Triple super trend indicator is primary confirmation) For the stop loss can use Super Trend 10:4 or Swing Low. I recommend using a little large stop lose instead of placing a stop below the entry candle....
please hasib when do you enter a trade is it when the 6ema crosses 21 ema or the candle breakout of the 6ema
  • #784
  • Edited 10:12pm May 6, 2023 9:25pm | Edited 10:12pm
Here
Inserted Video
MA provides the market's current direction and strength.
  • #785
  • Edited 1:35am May 7, 2023 1:10am | Edited 1:35am
Quoting Emekuzydawiz
{quote} please hasib when do you enter a trade is it when the 6ema crosses 21 ema or the candle breakout of the 6ema


HI
Emekuzydawiz

if 21 ema and Triple Super trend colors are the same you can buy when

  1. Relative Strength Index (RSI) with period = 14

Entry Rules:

  1. Buy when RSI crosses above 50 from below.
  2. Sell when RSI crosses below 50 from above.

Exit Rules:

  1. For long trades, exit when RSI crosses below 70.
  2. For short trades, exit when RSI crosses above 30.

Test it with your TF and your Trading pair

Best of luck.

MA provides the market's current direction and strength.
  • #786
  • May 7, 2023 1:17am May 7, 2023 1:17am
Quoting hasib
{quote} HI Emekuzydawiz if 21 ema and Triple Super trend colors are the same you can buy when Relative Strength Index (RSI) with period = 14 Entry Rules: Buy when RSI crosses above 50 from below. Sell when RSI crosses below 50 from above. Test it with your TF and your Trading pair Best of luck.
i use my phone in trading what i have is Ema and the Macd histogram
  • #787
  • May 7, 2023 1:19am May 7, 2023 1:19am
Quoting hasib
{quote} HI Emekuzydawiz if 21 ema and Triple Super trend colors are the same you can buy when Relative Strength Index (RSI) with period = 14 Entry Rules: Buy when RSI crosses above 50 from below. Sell when RSI crosses below 50 from above. Test it with your TF and your Trading pair Best of luck.
how can i make good trade out of it
  • #788
  • May 8, 2023 6:23am May 8, 2023 6:23am
CADJPY buy trade
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MA provides the market's current direction and strength.
  • #789
  • May 8, 2023 10:19am May 8, 2023 10:19am
GBPJPY, M5, Sell

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  • #790
  • May 8, 2023 11:55am May 8, 2023 11:55am
I am getting lots of questions in the Discord group and private messages.

One of the questions is Do I use MACD?

MACD was my favorite indicator but Currently, I don't use them. Because I have found MACD doesn't work well in the Forex market. Several algo tests already proved it. some of the studies you will find it online for free. MACD works a little bit in the Treding pair but we have better tools than MACD.
MA provides the market's current direction and strength.
  • #792
  • Edited 1:10pm May 10, 2023 12:31pm | Edited 1:10pm
I am punishing me for my poor performance on the first two days of the week. Hasib advised me to take a break (he knew it wouldn't work for me) or trade on H4. I do that too.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY H4 05.10.jpg Size: 327 KB
Click to Enlarge Name: GBPJPY 05.10.jpg Size: 320 KB
  • #793
  • May 10, 2023 1:13pm May 10, 2023 1:13pm
Quoting 2teamtrader
I thought this would be a great set up for BB followers - the trending being easier to recognise as the black BB's enclose the whites and the confirmation comes from the Stochs Quad Indicator. Template attached. 2TEAMTRADER {image} {file} {file}
settings for BB
  • #794
  • May 10, 2023 1:18pm May 10, 2023 1:18pm
Quoting 2teamtrader
I thought this would be a great set up for BB followers - the trending being easier to recognise as the black BB's enclose the whites and the confirmation comes from the Stochs Quad Indicator. Template attached. 2TEAMTRADER {image} {file} {file}
ok, appreciate your contributions.
how many times do you backtest it?
how many pairs do you test with it?
what is the win rate?
what are the entry and stop-loss rules?
MA provides the market's current direction and strength.
  • #795
  • May 11, 2023 1:07am May 11, 2023 1:07am
Quoting pusztafie
I am punishing me for my poor performance on the first two days of the week. Hasib advised me to take a break (he knew it wouldn't work for me) or trade on H4. I do that too. {image} {image}
dont worry. so far this week was not easy for trendfollowers, because there was no clear daytrend;-)
trading is like dancing, don't think and just listen to the music!
  • #796
  • May 11, 2023 7:54am May 11, 2023 7:54am
Quoting pusztafie
Büntetem a hét első két napján nyújtott gyenge teljesítményem miatt. Hasib azt tanácsolta, hogy tartsak egy kis szünetet (tudta, hogy ez nekem nem megy), vagy kereskedjek a H4-en. én is ezt teszem. {image} {image}
The two EURJPY trades reached the tp of 211.5 pips
New trades:
Attached Image (click to enlarge)
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  • #797
  • May 13, 2023 8:14am May 13, 2023 8:14am
Inserted Video
MA provides the market's current direction and strength.
  • #798
  • May 14, 2023 3:40am May 14, 2023 3:40am
Last week gj 2 possible trade one is continuations buy trade 1 to 1 RR
Send is a sell trade it is 1 to 2 RR trade.
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MA provides the market's current direction and strength.
  • #799
  • May 15, 2023 4:46am May 15, 2023 4:46am
GBPJPY M5
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Click to Enlarge Name: GBPJPY M5 05.15.jpg Size: 312 KB
  • #800
  • May 15, 2023 7:00am May 15, 2023 7:00am
EURUSD

Attached Image (click to enlarge)
Click to Enlarge Name: 2023-05-15_135738.jpg Size: 185 KB
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