Supernova GBP/JPY Mini Trend Catcher

Quoting Potax

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for me supernova is the best system ever!

I use it only on eurusd 5min,simply entering on the signal with the breakout of the last bar.I use oanda,which has spread 0.9,so to minimize risk I just stay in the trade for not more than 5min(if there's a strong movement I keep the position till retracement) with a target price of 4 pips net. Obviously I trade only if the market is active and I avoid news(I trade them but with another system). Stop loss and take profit always manual(you need lots of discipline).
The most important thing to do is not being too greedy in a trade because with many "sure" trades you make good money and by time you can increase the lots.

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Quoting Potax

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for me supernova is the best system ever!

I use it only on eurusd 5min,simply entering on the signal with the breakout of the last bar.I use oanda,which has spread 0.9,so to minimize risk I just stay in the trade for not more than 5min(if there's a strong movement I keep the position till retracement) with a target price of 4 pips net. Obviously I trade only if the market is active and I avoid news(I trade them but with another system). Stop loss and take profit always manual(you need lots of discipline).
The most important thing to do is not being too greedy in a trade because with many "sure" trades you make good money and by time you can increase the lots.

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Quoting cryten

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Hey Gnattatat

You have to tell me how you write on your charts like that, mine look like windows 98 in comparison and its embarrasing

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Quoting Gnat

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Hey Potax!

Sounds cool and I am amazed at the 4 pips you have as a target. Depending on the lotsize this wuold work, I guess. I will give it a try on the tester and maybe there is more "safe pips" there. May take a while, but I am looking into a good setup for unnervous pips anyway.

Ciao!
Gnat

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Quoting Potax

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can you please tell me what is exactly the qqe? is it a stochastic?

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Quoting Potax

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Hi gnat!
With the 4 pips tp I have a very safe trade,more than 80% successful.If you get two good entries they are 8.If you get 3 good entries they are 12. .I say 4pips tp as the main target: if you see a strong and fast move it's better to wait 5min and have a huge chance to get more than 10pips.
My only weakness is about losing exits,in other words the stop loss.But I always close my position if I'm losing 4pips.I don't know if I should lower it...

If you use leverage x45 and make 4 pips net every tradable day,we are talking about a performance of 1100% an year.Just making 1 simple trade x day(if in the first trade you lose money,statistically you'll gain back very easily in the next trade).

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Quoting Rcote

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QQE is an indicator. Type it into the search box at top of this page to locate it in many places within this thread.

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Quoting Potax

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again more excellent signals,but unluckily I wasn't on the computer...

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Quoting Potax

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thanks gnat,the QQEA is a lot better!!!
I'll work out on the "staying longer" thing

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Quoting Gnat

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Cool! Set Darf at 3.5 within the QQEA. Works wonders! And so you stay

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