25, 50,100 SMA and ATR system

I have been working and studing a new system.
It is not mine but it works very well.
I have not taken the coarse or know the guy.
but I did see free youtube stuff

I will tell the rules as I go

Basically its a trend and Break system

Its 3 sma 25(Green), 50(Red), 100(Blue)
And we use ATR to see TP using the Daily range
We use S/R and Trend Line breaks for enters



you see 3 trades I did.

The key is the 3 sma all running down in order
and growing apart .

You then look for an entery

jim

well that was a fast win !!


I look to round numbers 50 and the 100.

jim

I think maybe if you explain it more detailed we all could learn from you...

Pairs? TF? Stops? TP?

Why was this moved ?
This is a trading system?

Please move it back thank you.

more on the system
1. the take proffit is the atr
But we take way what we have moved for the day already
so the ATR is about 151 pips we are moved about 30 pips
so we are looking for about 120 pips
Its friday so in fact likey 1/2 that I will be happy with.

stop loss is 5 pips over the last swing high.

Great

I have always felt SMA is the best indicator in all financial markets.

You are proving it with your different SMA set ups.

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been very busy
but this system is working very well

the stop loss is only on when I am not around
and I would kill the trade long time before it got taken out

I will move the stop lose way up to keep proffits

Interesting on the statement you posted that one of your TP hits is a loss Mike....

target hit

Hi Mike great thread! well done

maybe you should put all rules in the first post.. this thread should really be in the trading systems section!

I dont understand your trade at 11:56 1.6690

where have you put your SL .. hours later this trade was at -60 pips?

Cheers

no reply to a simple question Mike??

Demo don't mean much, when you plan to test this on a live account?

not sure what you are wanting to know
it was a trade that I didn't put a sl on

live account yes but not this account

trade I took

1st arrow was in... 3 pips over the last high.
2nd arrow was 1st target taken out to the pip!
move the stop loss up to 0 + 1 on the other 2 lots

Hello,

The contract sizes you show above on demo, are these the contract sizes you use on your real account?

Regards,

Hello, mike...

Explain the system rules on your first post in detail, such as the entry rules, SL, TP, MM, which pairs, which TF, etc... then I'm pretty sure the mods will move it to the "Trading Systems" section....

Cheers!

still making money in the down trend
1st lot closed with hourly atr
2nd lot will let it run with the swings

2nd lot stop lose small win

Its nice and all, but you are not making any money, its demo. Try with real money and you will see its another game. Includes fear and greed

edit: i see that you now have more realistic lot sizes, is it real money?