The strategy seems simple enough, anyone wanna test on demo account? I’m attaching my expert advisor. You can set risk/reward in settings (“takeProfitFactor”). Press 'B' for a Buy order, or 'S' for a Sell order
Here you’re buying the previous candle:
But here you’re selling the previous candle:
(White line is entry, Red line is SL, Blue line is TP)
Here you’re buying the previous candle:
But here you’re selling the previous candle:
(White line is entry, Red line is SL, Blue line is TP)
Hello Folks, let me introduce very quick my trading system...easy and profitable....and yes, there is nothing magical about this one
Time Frame H1 , but it works also in the higher timeframes as well! All you need is a strong trend, a 100EMA and common sense. We only take trades in the direction of the trend! Buy : Price is above the 100EMA, you place a buy stop order above the red candle. Stop is is under the candle. TP is 2R (R:R is about 1:2 or 1:3) See Picture {image} Sell: Price is under the 100EMA, you place a sell order...
Hello Minotawr, I've rea only 12 pages now and restarted with page 1 again. So far I'm very enthousiastic about your simple approach but for dummies like me it seems not simple enough, haha.
So, if I may I would like to ask about the EMA. When trading from H1, it is cristal clear, but trading from M30 of H4 do you use teh same EMA100? Or is it better to change when in M30 into an EMA 200, or in H4 an EMA 25. If that is the case I would suggest using a MTF Moving Average 100 set into the H1; everytime one changes to a different TF the EMA will change accordingly.....
Thanks,
Ben
- #2,537
- Feb 6, 2024 8:53am Feb 6, 2024 8:53am
- Joined Jun 2017 | Status: Trader | 2,074 Posts
MetaTrader 4 - so many advantages.