Magic 100

Long usdjpy
good luck all

thank you.
1/ trend strength RSI-MTF
2/ MTF dashboard V3, Iam not sure this the indicator; looking different from Laura and from pusztafie, BTW I think I stick with the indicator from Laura template, I am not sure how pusztafie evaluate information from EMA100 with SMA200 to form a decision. only curious why pusztafie merges the two average types
3/ what is the third indicator, do you think?

Naturally.

I use several strategies in parallel, only in different time frames.

This looks good.

Beware, there is a double top on USDCHF.

I guess you mean a double bottom? And right upon the MA. That should give a nice Long signal.
But then again - it is friday.

double bottom low, double top high, right?

0.9285 is a potential flip zone, many upper wick, and small gap down, indicated buyers tried to push but met strong sell force. When it broke 0.9285 and retest completed then the move up is safe. if not it could be a trap before a strong down.

H1 ma50 crossed up ma200, but before that ma200 cross down ma800, the effect of that being down stronger, than up. icould go down to 0.9265 before move up

Seeing that with gold, anti-corelation pair, in H1 gold seemed to respect prev day high before the NY session, then strong force came in push gold passed prev dayhigh. it could aim 1970, 200 pips higher than last week high. Unless money is nothing, gold is too OB, it has to retraced from that high, before going higher.
The force is clearer on gold, some force pushed that up, so if UF for going up due to the double bottom we could see at sometime both gold anf UF going up, then later from 1970 gold retrace while UF getting the force moving up.
Before that it will sweep the high and the low SL both sides lose on UF

For me it is sideways but upwards, I would only go in with the next pullback

Time will tell. It is also possible, that a triple top will emerge.

You sir is king. I'll share this to my wife.

short GBPNZD

Eurcad - H1

Hey guys,

how are you all doing, Im new here, and this forum attract me the most, i have perform a checking and everything is legit. But i have one concern, do u guys set P.O after the engulfing candle close?

First of thanks to Minotawr for this thread and system. Today ı watched EurGbp because of nice downtrend. And take profit with 3R.

Today EurGbp again. Very fast tp with 3R.

Today EurUsd short trade and take profir 2R. And it could be 3R.

This strategy is amazing. I just tried to evaluate the strategy with M1 data since 2012. I grouped M1 data into M5 and H1 data for analysis.
It has a 0.2-0.5% edge to the win rate with 1:2 RR in volatile pairs.

From my point of view, this strategy is not generally applicable. We need to assess why some of the time can work well. There should be some 'feature' that makes it do better.

The interesting thing is:

1. Don't add more rules like ADX ranging market detection. It will just lower the edge.

I observed when using ADX as a ranging market filter, such as ADX value > 25, and tweaking some values with +DI and -DI, it will lower the average return per trade. Maybe the trend is saturated after the 'trending indication' by ADX, which lowers the possible reward per trade.

2. Use M5 better than H1.

Even though H1 and M5 have roughly the same win rate, the data shows that M5 has more revenue than H1 in most cases.

3. Use it in trending pairs. Avoid pairs like EURUSD.

The average reward per trade in pairs like EURUSD is relatively smaller. We won't have enough return to cover the spread even with a 0.5% win rate edge in 1:2 RRR.
Although the result seems Okay, as the quote "Things can go wrong will go wrong", we should avoid such risk.

4. Only trade in London and the US market.

If you include Asian Market Time, the edge will be instantly gone. It should be caused by insufficient volatility.

P.S: All results are computed with spread. The EURUSD spread is around 0.1-0.3. The USDJPY spread is around 0.7-1.0, etc.

Today trade in GBPJPY with uptrend. I closed near 2R.