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Easy Pullback Strategy

  • #21
  • Jul 4, 2024 9:58am Jul 4, 2024 9:58am
Dear all
indicator for mark OB and OS
already fixed
STOCHASTIC: %K: 10, %D: 2, Smoothing: 3
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Attached File(s)
File Type: ex4 Stochastic_Buy_Sell_Arrows.ex4   11 KB | 241 downloads
File Type: mq4 Stochastic_Buy_Sell_Arrows.mq4   4 KB | 226 downloads
  • #22
  • Jul 4, 2024 10:05am Jul 4, 2024 10:05am
Quoting WDaouFx
{quote} yeah bro, im waiting as well i dont enter directly on fib levels, please check out the entry models on the thread, cheers
Dear WDauFx
MODEL 1:
entry at 78.6 The SL we need to set at 138.2 or 123.6 ? for suiable condition
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  • #23
  • Jul 4, 2024 10:11am Jul 4, 2024 10:11am
Quoting Chongrux
{quote} Dear WDauFx MODEL 1: entry at 78.6 The SL we need to set at 138.2 or 123.6 ? for suiable condition {image}
For the model1 entry you should put fib as following:

SHORT
from wick high of the overall move up to wick low of the candle that closed making stoch cross short, entry 78.6 sl lat 123.6

LONG
from wick low of the overall move down to the wick high of the candle that closed making the stoch cross.....
  • #24
  • Edited 11:02am Jul 4, 2024 10:50am | Edited 11:02am
Quoting WDaouFx
{quote} For the model1 entry you should put fib as following: SHORT from wick high of the overall move up to wick low of the candle that closed making stoch cross short, entry 78.6 sl lat 123.6 LONG from wick low of the overall move down to the wick high of the candle that closed making the stoch cross.....
Dear WDaouFX
Thank yo for your comment and suggession
Could you please confimed model 1 I mark it correct or not
pls advised
Best regards
Chong
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  • #25
  • Jul 4, 2024 10:56am Jul 4, 2024 10:56am
Quoting Chongrux
{quote} Dear WDaouFX Thank yo for your comment and suggession Could you please confimed model 1 I mark it correct or not pls advised Best regards Chong {image}
yes bro,

for model1 entry you re correct,

just the first pullback i find it risky to enter on the first model because of the complex push up, id prefer to take model 2
  • #26
  • Jul 4, 2024 11:06am Jul 4, 2024 11:06am
Quoting Chongrux
{quote} Dear WDaouFX Thank yo for your comment and suggession Could you please confimed model 1 I mark it correct or not pls advised Best regards Chong {image} {image}
for the long position of the second picture i would not take, the stoch is not fully on the oversold position


you can see that you have a disproportional candle that made the cross, and its a not fully inside cross in the oversold position, + it went directly to tp, so be carefull
  • #27
  • Jul 4, 2024 11:55am Jul 4, 2024 11:55am
Quoting WDaouFx
{quote} for the long position of the second picture i would not take, the stoch is not fully on the oversold position you can see that you have a disproportional candle that made the cross, and its a not fully inside cross in the oversold position, + it went directly to tp, so be carefull
Dear sir thank you for your suggesion
Best regards
Chongrux
" I like this concept it is minimal and simple " it that mean " power of less "
thank you for yuor share trade setup "knowlage Easy Pullback Strategy"
  • #28
  • Jul 5, 2024 8:10am Jul 5, 2024 8:10am
GU
Waiting pull back STOC and price to should have a clean leg down,
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  • #29
  • Jul 5, 2024 8:56am Jul 5, 2024 8:56am
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HK50 trade, i was supposed to get in at 111.8, but saw it late and happened to be good for me since i got a better entry, currently waiting for tp to be hit

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UJ got in while i was asleep, almost got to my sl but it was out of the manipulation zone.

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uschf currently waiting for price to move up, manipulation already took place

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Cadjpy currently waiting for entry

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gbpnzd waiting for entry as well
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  • #30
  • Jul 5, 2024 9:00am Jul 5, 2024 9:00am
Quoting Chongrux
GU Waiting pull back STOC and price to should have a clean leg down, {image}
yeah brother i saw it,

please i dont advise you to take both entry models for the same pullback unless you divide your risk between both orders

im currently only using model2, since i hate to be manipulated or get spiked out of the trade heheh
  • #31
  • Jul 5, 2024 10:25am Jul 5, 2024 10:25am
Quoting WDaouFx
{quote} yeah brother i saw it, please i dont advise you to take both entry models for the same pullback unless you divide your risk between both orders im currently only using model2, since i hate to be manipulated or get spiked out of the trade heheh
Dear sir
Thank you for your advised
I will be separate for the trade setup model 1 and 2
for me I like all I will be consider for make trade setup model 1 anf 2 ,
  • #32
  • Jul 5, 2024 10:30am Jul 5, 2024 10:30am
Quoting WDaouFx
{image} HK50 trade, i was supposed to get in at 111.8, but saw it late and happened to be good for me since i got a better entry, currently waiting for tp to be hit {image} UJ got in while i was asleep, almost got to my sl but it was out of the manipulation zone. {image} uschf currently waiting for price to move up, manipulation already took place {image} Cadjpy currently waiting for entry {image} gbpnzd waiting for entry as well {image}
GN same
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  • #33
  • Jul 6, 2024 5:03pm Jul 6, 2024 5:03pm
Finnished a 300 trade backtest,

40% winning rate with a 1:3 RR.... breakeven criteria is once the gets to 50fib of the fib with put for entry i go to BE.

Sound pretty nice
  • #34
  • Jul 8, 2024 7:26am Jul 8, 2024 7:26am
CADJPY
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  • #35
  • Jul 8, 2024 9:11am Jul 8, 2024 9:11am
Quoting Chongrux
CADJPY {image}
bro are u using the right stoch configuratuons?

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im in Cadjpy already
  • #36
  • Jul 8, 2024 9:12am Jul 8, 2024 9:12am
Got Fra40 in the morning

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  • #37
  • Jul 8, 2024 9:15am Jul 8, 2024 9:15am
mind if i ask if i can change my tf to ltf for scalp?
  • #38
  • Jul 8, 2024 9:35am Jul 8, 2024 9:35am
can you share you fib setting and ema setting in trading view thanks !
  • #39
  • Jul 8, 2024 9:41am Jul 8, 2024 9:41am
Quoting tapikotakupe
can you share you fib setting and ema setting in trading view thanks !
bro actually the stoch on tradingviw might bi a bit different from my mt5>>i think its because of the broker and candles itself since they slightly change from broker to broker...

the settings are all at the beginning of the thread brother


i never tested it as a scalp strategy, on 4h, D and w spread wont deteriorate your RR, on lower tf i cant say anything about it.
  • #40
  • Jul 8, 2024 10:58pm Jul 8, 2024 10:58pm
Quoting WDaouFx
{quote} bro are u using the right stoch configuratuons? {image} im in Cadjpy already
Let me confirmed again
Thank you I mistook the seting for 10.3.2 ==> 10.2.3
and close /close , simple
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