50-SMA Trend System with ATR stop | Forex Factory

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50-SMA Trend System with ATR stop

  • #1
  • First Post: Edited May 25, 2010 9:01pm Apr 16, 2010 10:23pm | Edited May 25, 2010 9:01pm
Time frame: H4
Follow the trend: >50SMA up trend, <50SMA downtrend.
Entry : enter at next round number.
SL : H1 ATR (14)
Exit: trailing stop of H1 ATR(14)
If price gets TS. Reenter at the round number when it moves 50 pips away.

IF get SL, and price moves 50 pips away from SL point, place a order at that SL point
Adding on position: When price moves in ur favor to the next round number. Add another unit. Lot size should be (100-TS)/TS of the original lot size
  • #2
  • May 25, 2010 8:47pm May 25, 2010 8:47pm
I trade EJ and GU, I like the volatility.

Considering another non correlated pair like EuroCad.

One other criteria, should be, choose pairs with H4 and daily 50EMA both in line in the same trend
  • #3
  • May 25, 2010 8:49pm May 25, 2010 8:49pm
Trade 1: GU
Sell : 1.4400
SL : 1.4440
TS : 40 pips (based on current H1 14 GTR)
  • #4
  • May 26, 2010 1:19am May 26, 2010 1:19am
Quoting yuan83
Trade 1: GU
Sell : 1.4400
SL : 1.4440
TS : 40 pips (based on current H1 14 GTR)
TS hit 1.4386. TS was adjusted to 33 pips before getting stopped out
  • #5
  • May 26, 2010 1:34am May 26, 2010 1:34am
Trade 2: EJ
Sell: 111.00
SL : 111.50
TS : 50 pips
  • #6
  • May 26, 2010 2:26am May 26, 2010 2:26am
Quoting yuan83
TS hit 1.4386. TS was adjusted to 33 pips before getting stopped out
only 14 pips while the trade gone in my direction. oh well. next entry 1.4300
  • #7
  • May 26, 2010 4:28am May 26, 2010 4:28am
Quoting yuan83
Trade 2: EJ
Sell: 111.00
SL : 111.50
TS : 50 pips
stopped out. reenter at 111.00
  • #8
  • May 26, 2010 4:37am May 26, 2010 4:37am
How long are you using this system?
What is your monthly gain in %?
... or you are just guessing this might work?
  • #9
  • May 26, 2010 11:02am May 26, 2010 11:02am
Quoting hotstorm
How long are you using this system?
What is your monthly gain in %?
... or you are just guessing this might work?
2 months? >10% with just 2 pairs risking 1% per trade is highly possible la.
of cos all i can say it works the best in strongly trending markets, but i m sure it will be at least BE for ranging markets. facing whipsaws are unfortunately part of the system.
ultimately this system aims for breakouts. Remember the large drop in EJ few weeks back? prob u just need 1 such trade to probably double ur account.

Anyway i m just trying to make the system as no brainer as possible.

I am sure this system can be made into a EA easily and tested and maybe even traded on all pairs. Well, i wun mind if someone will volunteer and help with this, then we can talk abt the profitability of this system
  • #10
  • Edited 11:22am May 26, 2010 11:08am | Edited 11:22am
Quoting yuan83
stopped out. reenter at 111.00

Trade 3: Reentered SELL EJ @111.00
SL TS : 50pips

Stopped out TS at 110.82

gain 18 pips
  • #11
  • May 26, 2010 11:18am May 26, 2010 11:18am
Trade 4: Entered SELL EJ 110.00

TS = SL = 50pips

Stopped out .

Reenter at 110.00
  • #12
  • May 26, 2010 11:24am May 26, 2010 11:24am
Trade 1-4
Risk per trade 1%
Total for the day = 14/40 - 1 + 18/50 -1 = -1.29%
  • #13
  • May 26, 2010 7:28pm May 26, 2010 7:28pm
Quoting yuan83
Trade 4: Entered SELL EJ 110.00

TS = SL = 50pips

Stopped out .

Reenter at 110.00
Trade 5
Entered SELL again at 110.00
TS=SL=50pips
TS at 109.71

Gain = 19/50 %
  • #14
  • May 26, 2010 7:31pm May 26, 2010 7:31pm
Quoting yuan83
TS hit 1.4386. TS was adjusted to 33 pips before getting stopped out

Trade 6: Entered GU at SELL 1.4400 after pair moves to 1.4441 before coming back

SL = TS = 40pips
  • #15
  • May 26, 2010 7:34pm May 26, 2010 7:34pm
Quoting yuan83
Trade 5
Entered again at 110.00
TS=SL=50pips
TS at 109.71

Gain = 19/50 %

Trade 7 - Entered SELL EJ 109.50
TS=SL=50pips
  • #16
  • May 26, 2010 9:12pm May 26, 2010 9:12pm
Quoting yuan83
Trade 7 - Entered SELL EJ 109.50
TS=SL=50pips
Stopped out. -1%. Will reenter at 109.50
  • #17
  • May 27, 2010 2:32am May 27, 2010 2:32am
Quoting yuan83
Stopped out. -1%. Will reenter at 109.50

Trade 8 - Reentered SELL EJ 111.00

TS = SL = 50pips
  • #18
  • May 27, 2010 2:41am May 27, 2010 2:41am
Quoting yuan83
Trade 6: Entered GU at SELL 1.4400 after pair moves to 1.4441 before coming back

SL = TS = 40pips
Trade 9 : SELL GU 1.4500

SL = TS = 40 pips
  • #19
  • May 27, 2010 7:34am May 27, 2010 7:34am
Quoting yuan83
Trade 8 - Reentered SELL EJ 111.00

TS = SL = 50pips
go to 50pips then reverse. TS at 0pips

Reentered at 111.00 if it moves to 111.50 1st
  • #20
  • May 27, 2010 7:36am May 27, 2010 7:36am
Quoting yuan83
Trade 9 : SELL GU 1.4500

SL = TS = 40 pips
goes to 1.4453 then reverse. gain = 7/40 = 0.175%

Reentered at 1.4500 if it moves to 1.4540 1st.


Trade 9 - reentered at 1.4500 again
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