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Finding the trend

  • #81
  • Jul 11, 2024 4:06am Jul 11, 2024 4:06am
Not part of the topic of this thread, but at least I make a post.

I exited some trades this morning. Then what if the trend continues? Well in my robot I have a function that I can turn on. If 2 green bars comes right after each other , the my robot enter the trade. So I used that function this morning and I am into the trade again.
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MetaTrader 4 - so many advantages.
  • #82
  • Jul 11, 2024 4:44am Jul 11, 2024 4:44am
Quoting RiskFighter
Guys. Linhngoc has put this exactly post with same worth and same EA on 10 different threads this morning. You know an EA can have dangerous content to your PC. I would be carefull about downloading this EA. And he has never done anything else on FF. This is very suspecious.
Sure, here is the translation:
"Thank you for caring about the community. But you are mistaken. I just wanted to share my EA with everyone, because the community has helped me with many ideas to complete it. Sorry for sending it to many groups at the same time."
  • #84
  • Edited 5:39am Jul 11, 2024 5:17am | Edited 5:39am
I am still suspecious to this Linhngoc guy. Suddently out of nowhere he starts spreading EXE files in many threads. He never had any post before on FF. I don't like it.

He is now kicked out of this thread. Hope WEE will take action. I have reported him.
MetaTrader 4 - so many advantages.
  • #85
  • Jul 11, 2024 5:34am Jul 11, 2024 5:34am
Quoting OAPDave
{quote} Go Compare {image}
Yes, the trade was obvious. Many ways to get it. And your methode is just a fine as mine. Or better.

Vital for me is that the pair I am trading is as trending as possible.

How do I trade. Well look into my thread SHA & Tripple MA | Page 2 | Forex Factory My methode is constantly under development, but it is much like that anyway.

Or try Williams Fractal indicator.

Right now I am also experimenting with a simple MACross. Keep it simple if you can. You might say that it will never work. Losing the account etc. No because I use it only on very trending pairs like AUDJPY. And I only trade in the direction of the trend.

And how do I find those trending pairs??? Well that is what this thread is about. Watch post #76 to see the trending pairs for today. Veeeery easy.

I sometimes get out too early - I am the weakest trader in the world. The I use the 2 green / red bars to get back in. See post #83.
MetaTrader 4 - so many advantages.
  • #86
  • Edited 5:50am Jul 11, 2024 5:38am | Edited 5:50am
My friend Dave think that there is not enough focus from people in this thread. I agree. Lots of visitors, but most of them doing the free ride.

OK, I started this thread because I had something to show. That is done. If people don't feel like keeping the thread alive, then it is ok with me. It is not important to me to keep the thread alive. I have said my piece.
MetaTrader 4 - so many advantages.
  • #87
  • Jul 11, 2024 5:50am Jul 11, 2024 5:50am
Quoting RiskFighter
{quote} Yes, the trade was obvious. Many ways to get it. And your methode is just a fine as mine. Or better. Vital for me is that the pair I am trading is as trending as possible. How do I trade. Well look into my thread SHA & Tripple MA | Page 2 | Forex Factory My methode is constantly under development, but it is much like that anyway. Or try Williams Fractal indicator. Right now I am also experimenting with a simple MACross. Keep it simple if you can. You might say...
Sometimes a enter for a long trade and suddently the trend will reverse.
still don't have a solution for that.
How do you deal with situations like that?
  • #88
  • Jul 11, 2024 5:55am Jul 11, 2024 5:55am
Quoting OAPDave
Slightly off topic as well but it interests me {image}
There is obviously something to go for when the Median is passed. RSI??
MetaTrader 4 - so many advantages.
  • #89
  • Edited 6:29am Jul 11, 2024 6:04am | Edited 6:29am
Quoting Merka
{quote} Sometimes a enter for a long trade and suddently the trend will reverse. still don't have a solution for that. How do you deal with situations like that?
The issue must be to be as sure as possible that the trade will be a success. Using all kind of confluenses.

Then there is only stoploss left to secure your money.

But the problem is then, if you set the stoploss to tight, then it will often be hit by a wick. I therefore often set a very wide stoploss which requires a very large wick to get it. And then I exit the trade manually or by a robot if the bar close under the stoploss. This way the wicks don't get me.

You and I talked Hedging in another thread, but if you are really sure of the trend, then don't use hedging. Hedging is there to catch a shift in the trend direction.
MetaTrader 4 - so many advantages.
  • #90
  • Jul 11, 2024 6:33am Jul 11, 2024 6:33am
Quoting OAPDave
Slightly off topic as well but it interests me {image}
can you please care to explain what interest you about that chart?
Yes, its in an uptrend but don't think you mean that
  • #91
  • Jul 11, 2024 7:01am Jul 11, 2024 7:01am
Quoting RiskFighter
{quote} The issue must be to be as sure as possible that the trade will be a success. Using all kind of confluenses. Then there is only stoploss left to secure your money. But the problem is then, if you set the stoploss to tight, then it will often be hit by a wick. I therefore often set a very wide stoploss which requires a very large wick to get it. And then I exit the trade manually or by a robot if the bar close under the stoploss. This way the wicks don't get me. You and I talked Hedging in another thread, but if you are really sure of the...
the candle close under SL is a nice suggestion. Thanks
I never have 100% sertancy so when trend suddently changes I use a money management to resist but still working on how to make the MM a bit safer.

What % of confidence about the trend you achieve whit all your confluences?
  • #92
  • Jul 11, 2024 7:09am Jul 11, 2024 7:09am
Quoting OAPDave
{quote} Hi what do you call (Suddenly the Trend will reverse) your risk ? would it be 10 25 50 100 pips ?
If there is a short pullback that's not an issue. even 100 pips it's ok.

For example your daily chart with the EMAs on it calling for uptrend.
As EMAs are lagging, you will not notice a new downtrend start on the daily for a long time.
Based on the previous uptrend signal, you entered on the LFT a buy (because you got a long signal from indicators that are lugging)
In substance you got cought into a buy right when trend is changing.

The only thing can save you in these situations is SL as @RiskFighter was suggesting.
Would appreachiate your approach as well @OAPDave
  • #93
  • Jul 11, 2024 7:14am Jul 11, 2024 7:14am
Quoting OAPDave
{quote} Hi again Remember the dim and distant past yes Murrey Maths
Yes, I noticed the Murrey level 4/8 but can't remember what are you reffering about for "dim and distance past".
BTW, I don't use Murrey levels as I never managed to properly use them. Most lickely due to my ignorance on the subject
  • #94
  • Jul 11, 2024 7:26am Jul 11, 2024 7:26am
Quoting Merka
{quote} the candle close under SL is a nice suggestion. Thanks I never have 100% sertancy so when trend suddently changes I use a money management to resist but still working on how to make the MM a bit safer. What % of confidence about the trend you achieve whit all your confluences?
"What % of confidence about the trend you achieve whit all your confluences?"
I have no measurement for that. Working with my MultiWPR strategy is quit new, but I really feel good about it. So good that I just now incoorporated a simple MACross in my robot. I will set the robot to trade only in the trend direction which I get from the WPR analysis and then I need no more confluences. My SL will be set at EMA25low +- spread. I will manually follow the SL to BE. From there the MA will handle to exit.

PS. Note that I am a grown up and have done many MACross robots in my early days. And I do know they are lagging and will empty the account if they are stand alone indies. Specially the exit is a problem because of the lagging. You lose a lot. But if you are sure that the pair is trending, then I think it can be profittable. Let's see how it goes.
MetaTrader 4 - so many advantages.
  • #95
  • Jul 11, 2024 7:36am Jul 11, 2024 7:36am
Quoting RiskFighter
{quote} The issue must be to be as sure as possible that the trade will be a success. Using all kind of confluenses. Then there is only stoploss left to secure your money. But the problem is then, if you set the stoploss to tight, then it will often be hit by a wick. I therefore often set a very wide stoploss which requires a very large wick to get it. And then I exit the trade manually or by a robot if the bar close under the stoploss. This way the wicks don't get me. You and I talked Hedging in another thread, but if you are really sure of the...
But here is the problem with my Nowick SL method. If this bar that is ongoing right now reaqlly close like a Black Swan, then there is quit a loss.
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MetaTrader 4 - so many advantages.
  • #96
  • Jul 11, 2024 7:43am Jul 11, 2024 7:43am
So I was lucky to have the instruments in the right direction this time.
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  • #97
  • Jul 11, 2024 7:44am Jul 11, 2024 7:44am
Quoting RiskFighter
{quote} But here is the problem with my Nowick SL method. If this bar that is ongoing right now reaqlly close like a Black Swan, then there is quit a loss. {image}
Agree and marked below is where I'm still struggueling
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  • #98
  • Jul 11, 2024 7:46am Jul 11, 2024 7:46am
Quoting RiskFighter
So I was lucky to have the instruments in the right direction this time. {image}
Yes, trading inversely correlated pairs can save you from bid DD
  • #99
  • Jul 11, 2024 7:48am Jul 11, 2024 7:48am
A wise man said to me: "Take profit every day".

Meaning - don't think about the amount of profit. Or could it have been more. Just let your stummock have a nice evening so you are ready to trade without fear tomorrow.

Well, I had a fine day. This US giant bar probably will be followed by more profit. But I had my share and I closed my robots for the day. Now I will enjoy FF the rest of the day.

At some point I will be able to let my robots work as set&forget. Then they would have continued. But for the time being, my trading is SemiAutomatic. And I care a lot for my stummock.
MetaTrader 4 - so many advantages.
  • #100
  • Jul 11, 2024 7:53am Jul 11, 2024 7:53am
Quoting OAPDave
{quote} Hi Same set up So if you are in a buy trade from a Daily signal You could track the action by looking at a much smaller time frame {image} {image}
Absolutely! Watch this in TF M5. Jesus that is scary. But you could have gotten out earlier after the first red bar.
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