How has it been with you using this strategy?
Murrey Math indicator is very useful in Forex 68 replies
Murrey Math lines 6 replies
Daily Murrey Math settings 0 replies
Daily/Weekly Murrey Math 7 replies
Murrey math trading 1 reply
Disliked
My observations are as follows:
(1) Ignore first candle of 8:00.
(2) When price BREACHES any Murrey Levels, get in with the same direction and target will be the next Murrey Level.
(3) If the case is repeated again when price breaches another Murrey Level, get in with the same direction, however, target here will be mid line but not the next Murrey Level since I believe pair is loosing momentum even though I see some case where pair made it to the next Murrey Level.Ignored
DislikedVery interesting. Seems like your mid-line strategy is working(at least on this example). The obvious benefit is a higher trade-frequency, which is OK, providing that the results are the same, or better, than the original strategy. I've been doing well with my D1 charts, but I think I will start looking at H1 and see if your modification proves profitable. Thanks for the input.
RobIgnored
DislikedThanks for dropping by. Nice to see somebody testing as well with different broker. I am using FXCM Demo, what about you?Ignored
DislikedHey mostashar15, good to hear from you. I've been running the MM strategy
for a couple of weeks. I just recently went live and all of my trades have been winners(I'm sure that will change soon enough).
I'm using IBFX and have had no issues, whatsoever. I'm running 16 charts on D1 and only pick trades that are in overshoot territory. Let's keep this thread alive.
RobIgnored
Dislikedco0o0o0o0l
Nice to hear somebody is going live with this strategy and making money out of it.
Are you gonna post your new trades in here?
Wish you all the pipsIgnored
DislikedOn H4, I don't see an entry, yet. If it did meet the requirement of straddling the MM line, I see TP of 86.71(not 93.75)at the 6/8 MM line.
RobIgnored
DislikedOn H4, I don't see an entry, yet. If it did meet the requirement of straddling the MM line, I see TP of 86.71(not 93.75)at the 6/8 MM line.
RobIgnored
DislikedHere is my new system which involves using Murrey Math Levels on a Daily timeframe.
If you don't understand how Murrey levels work, you can read up on it below to get a rough understanding of what they are and how price reacts around them.
[left][size=2]The basic concept of my strategy is to use the break of a Murrey Level to enter our trades and pick our targets. I have added the indicators, template, and two versions of a Trade Management...Ignored