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(binned per thread starter’s request) simple and profitable strat

  • #21
  • Jul 24, 2024 8:11pm Jul 24, 2024 8:11pm
EURUSD 5M
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  • #22
  • Jul 24, 2024 8:28pm Jul 24, 2024 8:28pm
XAUUSD 1M
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  • #23
  • Jul 24, 2024 10:00pm Jul 24, 2024 10:00pm
changed stoch back 8 3 3
  • #24
  • Jul 24, 2024 10:12pm Jul 24, 2024 10:12pm
also i tried to make an ea for this strategy with chatgpt but seems like it cant make an ea for this strategy : ( so i guess ill stick to manual trading.
  • #25
  • Jul 24, 2024 11:10pm Jul 24, 2024 11:10pm
MNQ 5M
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  • #26
  • Jul 25, 2024 1:37am Jul 25, 2024 1:37am
Thanks for this - it's pretty straightforward and simple. I have had a look at it at various timeframes for AUD/USD and while at sometimes it might lag (as to be ecxpected) overall the status of both indicators marry up with changes to the pair.
Was looking for something easy to understand as I get my head back into forex space.
  • #27
  • Jul 25, 2024 2:05am Jul 25, 2024 2:05am
Quoting adxking
Today, I present to you a fairly simple strategy. This strategy works with all pairs and most timeframes. i use 1M and 5M. Here are the indicators for this strategy: Wilder's RSI 14: I'm pretty sure there's a Wilder's RSI indicator for MT4; I'm currently using TradingView and one of its custom indicators. you can also use regular rsi Stochastic (8-3-3) Wilder's RSI Indicator on TradingView (https://www.tradingview.com/script/o8gJnh2y-Wilder-s-RSI/) BUY RULES: Wilder's RSI or RSI must be above 50 Stochastic must be in a uptrend SELL RULES:...
Hello,
This seems like an interesting strategy, but it looks more like a tip since the stop loss (SL) and take profit (TP) aren't clearly defined. How do you determine SL and TP?
How long have you been using this strategy? Could I see your statement?
I’m an expert advisor developer and can turn it into an EA, provided it’s truly profitable.
  • #28
  • Jul 25, 2024 2:11am Jul 25, 2024 2:11am
9 wins today and no losses on demo with this strategy. I think I'm going live
  • #29
  • Jul 25, 2024 2:31am Jul 25, 2024 2:31am
Quoting adxking
9 wins today and no losses on demo with this strategy. I think I'm going live
Good luck - keep us informed :-)
  • #30
  • Jul 25, 2024 2:37am Jul 25, 2024 2:37am
Also, I used 1:1 R:R today. Tomorrow I will test out 1:2 R:R for a few trades.
  • #31
  • Jul 25, 2024 2:39am Jul 25, 2024 2:39am
XAUUSD 5M
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  • #32
  • Jul 25, 2024 3:21am Jul 25, 2024 3:21am
eurusd
time 5
2trade
RR+2
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  • #33
  • Jul 25, 2024 3:48am Jul 25, 2024 3:48am
XAUUSD
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  • #34
  • Jul 25, 2024 4:19am Jul 25, 2024 4:19am
XAUUSD short, closed position
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  • #35
  • Jul 25, 2024 4:22am Jul 25, 2024 4:22am
Quoting adxking
XAUUSD short, closed position {image}
Heikin Ashi can be deceiving backtesting
  • #36
  • Jul 25, 2024 4:39am Jul 25, 2024 4:39am
Quoting MaDxPT
{quote} Heikin Ashi can be deceiving backtesting
im not backtesting and please tell me what you mean by heikin ashi candles deceive back testing? ive been quite profitable using this strategy and i strictly use heikin ashi candles.
  • #37
  • Jul 25, 2024 4:41am Jul 25, 2024 4:41am
Quoting abbasg
eurusd time 5 2trade RR+2 {image}
awesome
  • #38
  • Jul 25, 2024 4:45am Jul 25, 2024 4:45am
Quoting picochart
{quote} Hello, This seems like an interesting strategy, but it looks more like a tip since the stop loss (SL) and take profit (TP) aren't clearly defined. How do you determine SL and TP? How long have you been using this strategy? Could I see your statement? I’m an expert advisor developer and can turn it into an EA, provided it’s truly profitable.
well it depends i use plenty of things to exit i mostly use atr, price action, support and resistance. but im open to using different ways to exit a trade
  • #39
  • Jul 25, 2024 4:46am Jul 25, 2024 4:46am
Quoting tsec
{quote} Good luck - keep us informed :-)
thanks!
  • #40
  • Jul 25, 2024 4:47am Jul 25, 2024 4:47am
Quoting tsec
Thanks for this - it's pretty straightforward and simple. I have had a look at it at various timeframes for AUD/USD and while at sometimes it might lag (as to be ecxpected) overall the status of both indicators marry up with changes to the pair. Was looking for something easy to understand as I get my head back into forex space.
glad to hear that!

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