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A simple strategy with no indicators

  • #221
  • Aug 9, 2010 5:55am Aug 9, 2010 5:55am
Ashraf,

Are you today trading our USDCAD signal?

Regards
  • #222
  • Aug 9, 2010 5:58am Aug 9, 2010 5:58am
I would stick with trading with the daily trend. I noticed that the signals going against the trend aren't working out that great.
  • #223
  • Aug 9, 2010 6:05am Aug 9, 2010 6:05am
Quoting Stogie
I would stick with trading with the daily trend. I noticed that the signals going against the trend aren't working out that great.
Yes, I have also seen that happening. I did not want to mention this because it is not part of the basic rules. But we are all free to employ our individual spinoffs.
  • #224
  • Aug 9, 2010 10:28am Aug 9, 2010 10:28am
i will rather follow a clear trend with the method.......not trading uscad. its not clear for me. the previous candle is too long...gbpchf forming signal with the trend...hope it will favour at the opening of tommorrow
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #225
  • Aug 9, 2010 10:40am Aug 9, 2010 10:40am
I like simple systems the best, and I stumbled on this thread today. Here's an indicator that signals the candle that meets the criteria mentioned. The signal arrow is on the candle that completes the pattern, so the next candle after the arrow is the traded one. It can be used in any timeframe.

The parameters are:
pipspace = a number that determines how far away to paint the candle
usetrend = true; limits the signals to the ones in the prevailing trend, which is determined by:
longavg = the long ema
shortavg = the short ema

If you want to see all the signals, just set usetrend to false.

Dwain
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ssystem filtered.gif Size: 19 KB
Click to Enlarge Name: ssystem unfiltered.gif Size: 19 KB
Attached File(s)
File Type: mq4 Reverse.mq4   4 KB | 836 downloads
File Type: ex4 Reverse.ex4   4 KB | 638 downloads
A good man knows his limitations ~ Clint Eastwood
  • #226
  • Aug 9, 2010 1:12pm Aug 9, 2010 1:12pm
Quoting dgodfrey
I like simple systems the best, and I stumbled on this thread today....
Dwain, totally great! Thanks much for the indy. Things are getting more and more interesting here.
  • #227
  • Aug 9, 2010 1:28pm Aug 9, 2010 1:28pm
good work...
thanks...
  • #228
  • Aug 9, 2010 1:49pm Aug 9, 2010 1:49pm
Quoting adeforex
i will rather follow a clear trend with the method.......not trading uscad. its not clear for me. the previous candle is too long...gbpchf forming signal with the trend...hope it will favour at the opening of tommorrow
I also was uncertain about the trade for yours and other reasons, but took it anyway. It did touch the .0300 psyche mid-candle, and I should have been satisfied with that. Now I'll be happy with a BE.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcadlong.gif Size: 11 KB
  • #229
  • Aug 9, 2010 6:08pm Aug 9, 2010 6:08pm
- short signal in daily chart
  • #230
  • Aug 10, 2010 2:32am Aug 10, 2010 2:32am
Quoting dgodfrey
I like simple systems the best, and I stumbled on this thread today....
how do i install these indicators on my ig index broker platform ?
  • #231
  • Aug 10, 2010 2:54am Aug 10, 2010 2:54am
Quoting zeCarvalho
- short signal in daily chart
i took it on live trading, because of great resistance on fibo 38.2. Before i even woke up (in less than 5 hours) it hit the TP with TP of 100 pips + spread.
see also winners on usdchf,audusd ,nzusd, except usdjpy which may still turn to a winning trade(bullish) in couple of days ahead due to strong support IMHO.
if you are careful with your analysis you may have a winning trade often and often.am waiting for more opportunities.
Attached Image (click to enlarge)
Click to Enlarge Name: gpb.gif Size: 63 KB
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #232
  • Aug 10, 2010 4:20am Aug 10, 2010 4:20am
gave a short signal on chf/jpy last night. i went short on chf/jpy. got out now at +30 pips. could have netted the 50 pips tp though.
  • #233
  • Aug 10, 2010 4:22am Aug 10, 2010 4:22am
Quoting adeforex
i took it on live trading, because of great resistance on fibo 38.2. Before i even woke up (in less than 5 hours) it hit the TP with TP of 100 pips + spread.
see also winners on usdchf,audusd ,nzusd, except usdjpy which may still turn to a winning trade(bullish) in couple of days ahead due to strong support IMHO.
if you are careful with your analysis you may have a winning trade often and often.am waiting for more opportunities.

how did you manage so many winning trades ? and what is your method of using the fibos ?
  • #234
  • Aug 10, 2010 6:12am Aug 10, 2010 6:12am
Quoting whatfx
how did you manage so many winning trades ? and what is your method of using the fibos ?
I like your willingness to learn but it would be of great benefit for you to obtain basic forex knowledge by using the "search" section on the forex factory board while DEMO trading methods.Try to understand Forex basics and how or why a forex pair moves to one direction or another
  • #235
  • Aug 10, 2010 8:06am Aug 10, 2010 8:06am
i use weekly,even a times monthly chat to judge my fibo and locate the trend direction and also to see previous candle formation. with this, i can even leave my trades for days cos i dont have much time to sit on the computer.
usdjpy is now bullish. the method is cooooooooooolll. more piping a head
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #236
  • Aug 10, 2010 9:13am Aug 10, 2010 9:13am
As of 14:00 GMT:

of the six unfiltered signals, four hit target...
GBPUSD short
NZDUSD short
USDCHF long
CHFJPY short

and two are still running
USDJPY long +20
EURCHF long +20

What a night!
  • #237
  • Aug 10, 2010 10:25am Aug 10, 2010 10:25am
for those who are in europe u can use oanda's feed as well (to place orders in the morning)
  • #238
  • Aug 10, 2010 10:44am Aug 10, 2010 10:44am
Quoting whatfx
how do i install these indicators on my ig index broker platform ?
I'm sorry, but I'm not familiar with that platform.
A good man knows his limitations ~ Clint Eastwood
  • #239
  • Aug 10, 2010 11:18am Aug 10, 2010 11:18am
todays total pips= 144, usdjpy still running at a loss. dont care for now. will see how it will end
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #240
  • Aug 10, 2010 11:21am Aug 10, 2010 11:21am
Quoting devogel
As of 14:00 GMT:

of the six unfiltered signals, four hit target...
GBPUSD short
NZDUSD short
USDCHF long
CHFJPY short

and two are still running
USDJPY long +20
EURCHF long +20

What a night!
are you on live account now? trade with caution. tommorrow may be nice. gpbjpy is cool but too much volatility on the pair. missed chfjpy but its ok.
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
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