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Magic 100

  • #2,661
  • Jun 13, 2024 12:47pm Jun 13, 2024 12:47pm
Quoting since80808
{quote} English is not my native language and I don't want to be rude, so guys please understand me right: if some can "see a trend" and "be sure" it's a pullback (not a change of the direction), then he doesn't need any so called "system" - he just enter "in the direction of the trend". But show me a trader that can say "THIS is the trend and it begins|continues, I'm SURE". But if we have to add the words "you need the trend" or "it works only in a trend" or #youneedacommonsense (sorry) in the system rules then it equals "sometimes it works but...
It's exactly what I was going to reply to @RiskFighter.
You can't know in advance the "steep" trend or any other kind of market condition.
You need to have the "crystal ball" for that
  • #2,662
  • Jun 13, 2024 2:39pm Jun 13, 2024 2:39pm
Quoting Merka
{quote} you need to test during ranging markets because its there you will see the weakness of this idea. suggest to have a strong money management to resist during difficult times.
That's why its based on the angle of the ema. Not sure if there is one, but an indicator that told you the angle of the ema would be handy so that you can only take trades when the ema is a certain angle. However, if you're experienced enough you can do it by eye
You can lead a horse to water, but you can't make it drink
  • #2,663
  • Jun 13, 2024 2:42pm Jun 13, 2024 2:42pm
Quoting Merka
{quote} It's exactly what I was going to reply to @RiskFighter. You can't know in advance the "steep" trend or any other kind of market condition. You need to have the "crystal ball" for that
As per my last comment, as long as the angle is going up or down you can work out if its viable to take trades. Its obvious when a trend starts and the angle of the ema slopes up or down to start initiating trades. Thing is, I use this entry method but I don't follow the strategy exactly. It's just perfect for adding to your own strategy/entry methods.

I focus on these entries with davit pivot points in mind so it's helped with my entries.
You can lead a horse to water, but you can't make it drink
  • #2,664
  • Jun 13, 2024 10:41pm Jun 13, 2024 10:41pm
Quoting Merka
{quote} It's exactly what I was going to reply to @RiskFighter. You can't know in advance the "steep" trend or any other kind of market condition. You need to have the "crystal ball" for that
Of cause you can never know. The chance that the trend is continuing is bigger than if it stops. And if you have a steep trend, the chance that it continues for yet a while is there. The chance that the ranging continues is also bigger than if it stops.

Yes as XKwisit says- follow the EMA. Use the Magic 100 or any other indicator to give the signal for bounce. If the signal does not come at the right side of the EMA, then the trend might be over.

I like then to add the Williams Percentage Range indicator.
MetaTrader 4 - so many advantages.
  • #2,665
  • Edited 2:52am Jun 14, 2024 2:36am | Edited 2:52am
Today I don't see nothing clear . I still have running 2 of 4 trades I shared lets see what happen
  • #2,666
  • Jun 14, 2024 3:22am Jun 14, 2024 3:22am
Quoting xronald96
I hope this work {image}
SL hit
  • #2,667
  • Jun 14, 2024 5:29am Jun 14, 2024 5:29am
Prior experience has shown that Fridays are not a good day to trade.
  • #2,668
  • Jun 14, 2024 7:06am Jun 14, 2024 7:06am
Quoting since80808
{quote} English is not my native language and I don't want to be rude, so guys please understand me right: if some can "see a trend" and "be sure" it's a pullback (not a change of the direction), then he doesn't need any so called "system" - he just enter "in the direction of the trend". But show me a trader that can say "THIS is the trend and it begins|continues, I'm SURE". But if we have to add the words "you need the trend" or "it works only in a trend" or #youneedacommonsense (sorry) in the system rules then it equals "sometimes it works but...
It's a matter of experience.
Trend following
  • #2,669
  • Jun 14, 2024 11:25am Jun 14, 2024 11:25am
Attached Image (click to enlarge)
Click to Enlarge Name: see this chart.png Size: 40 KB

Attached Image (click to enlarge)
Click to Enlarge Name: same chart.png Size: 39 KB


See this chart it's the same chart at the same time As the other one, it's just that I have pulled the price down on the right-hand side which makes the chart look like this,
I find it easier to find these candles we're looking for Give it a try,
Let me know what you think.
Good luck.
  • #2,670
  • Jun 15, 2024 11:37am Jun 15, 2024 11:37am
Quoting KarlKraus
{quote} Yes, you may find some big profits, at times, that way. You might even do very well, over the long run. But overall, your equity-curve is inevitably going to be FAR less smooth, that way, and many people really find that hard to handle in both obvious and not-so-obvious ways.

I suppose it boils down to risk tolerance. At the beginning of the month I like this approach, but if you are having a good month, maybe you can hold trades for a bit longer
  • #2,671
  • Jun 15, 2024 11:45am Jun 15, 2024 11:45am
is this call PullBack, correct?
When Price above Ma100 then pullback then we set buystop
Backtest
Attached Image (click to enlarge)
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  • #2,672
  • Jun 15, 2024 5:34pm Jun 15, 2024 5:34pm
Quoting nguyentrict
is this call PullBack, correct? When Price above Ma100 then pullback then we set buystop Backtest {image}
From when to when this backtest?
However the results of this test are too high.
Did you used martingale?
  • #2,673
  • Jun 15, 2024 7:45pm Jun 15, 2024 7:45pm
Quoting Merka
{quote} From when to when this backtest? However the results of this test are too high. Did you used martingale?
no use martingale
volume auto increase when balance increase
  • #2,674
  • Jun 17, 2024 4:57am Jun 17, 2024 4:57am
On friday I opened this one XAUUSD 1H
Attached Image (click to enlarge)
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  • #2,675
  • Jun 17, 2024 4:57am Jun 17, 2024 4:57am
New one today
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  • #2,676
  • Jun 17, 2024 4:58am Jun 17, 2024 4:58am
The last one that is not working fine
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  • #2,677
  • Jun 17, 2024 5:01am Jun 17, 2024 5:01am
Peding this one EURJPY 1h
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 47 KB
  • #2,678
  • Jun 17, 2024 5:12am Jun 17, 2024 5:12am
Quoting xronald96
Peding this one EURJPY 1h {image}
opened
  • #2,679
  • Jun 20, 2024 2:18pm Jun 20, 2024 2:18pm
Quoting nguyentrict
is this call PullBack, correct? When Price above Ma100 then pullback then we set buystop Backtest {image}
Hi, nice result, can you explain a little bit more about entry method ?
  • #2,680
  • Jun 20, 2024 5:51pm Jun 20, 2024 5:51pm
Quoting david79454
{quote} Hi, nice result, can you explain a little bit more about entry method ?
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