M15 Trading Method (help required!)

No help required, found M15 straight away really easy and profitable, here is the current method I've been using since 20th November till 14th October ( traded 6 or 7 days ), results are +144% at this time, 37 positions only 4 losers.



M15

Trend :-

LwMa 540, longs above shorts below, don't fight the trend.

Range :-

66LwMa
Envelope 66LwMa 0.40%
Envelope 66LwMa 0.70% ( these vary but use this for EU and GU )

1. So Market is above the 540, so up trending look for longs on pull back.
2. Pull back is to the 0.40% Envelope ( use past performance to better see where to start getting in )
3. Don't try to time a bottom, get in if it moves against you have orders in to take advantage of, your with trend odds are it'll turn back up again.

Exits :-

Generally your looking for the upper 0.40% line, if it takes this out the 0.70% line, but profit is profit take it if in doubt, do try to let them run though.

Stops :-

1. Other side of the 540 with some breathing room.
2. If playing the range then other side of the 0.70% envelope.

Keep them loose, more time for the market to turn, as EJ did with me today, 90% of the time the trend will prevail, 10% it'll change direction but most of those it will bounce enough for you to get out with profit.

Set it up and back test it, averaging down is key, no point holding the market down 40pips and not taking advantage of it, your profit potential is higher and your SL cost lower as it goes.

From my observations all time frames obey same rules. I do trade iPhone too and since this MT5 is so limited so I trade H1 just checking every hour. And I am happy with this. When looking at channels so M15,M30,H1 channels are confined into H4 channel.

I use Team Viewer so I'll Remote access my PC at home, full MT4 charts then it's surprising quick if you've got 3G aswell.

H1 hasn't got enough data for the trends I'm after, your left with 2 or 3 bars rather than 8 - 12 bars, H1 and above looks totally random to me.

I never thought about the teamViwer. Can you control ea with IPhone too? How about sound alarms? Thanks for the good idea. I just recently got the IPhone. How it is possible to install TeamViewer on iPhone?Thanks.

You can download TeamViewer from the APP store easy and for your PC from there site it's quick and supports multiple monitors easily to.

Trades :-


EJ broke back to Uptrend ( just ) so Long 114.66, stop 114.25 Trailing.

EU under my reversal point, so took a short 1.4197, SL 1.4226 Trailing, Limit 1.4120 on this 1.


$10 of risk on the table, I like that, shame profits if any will be so small!!

Beginners luck maybe ?


Ej is BE area

Eu i bought 2 more positions and thats heading to my limit up nicely

Thats back to normal i nearly closed out eu profits to huge swing all hit sl ej better run 100 Pips up for me to break even

Us opens hey

I don't have time to day trade save for a couple times per week. I trade from my droid x by setting SMS alerts for supply/demand levels, and watch PA if I get an alert and am able to focus my attention on trading.

I would only drop down to M15 if I were watching PA

I could get to FXCM via there app and tried to take the EU profits, but kept loosing 3G and everything today, weather related no doubt here in the UK, so failed, Teamviewer wouldn't work either, but I do need to monitor it more and make decisions before US open or major news regards taking profits.


First day on the job, account was up 20%, slightly up here, good enough for me.

Got no 3G AT all at the client I'm at tomorrow, so won't even bother

GU short here for a over night hold, see the Downtrend line holds. ( 250ema ), SL ~30.



Silvers got a real nice Downtrend to, tempting soon maybe.

USDCAD trying to turn down also, needs to break 0.9830 area.



Micro trading, really does take away all the fear / greed / emotion I'm just playing a game based on statistics.

No heat related 3G signal issues and I'd of been +20% day 1, so think 10% per week and $200 account could still make a living 6months out.

".... so think 10% per week and $200 account could still make a living 6months out."

******************
Really????

Also trading at such a low risk I'm averaging down, like I wanted to with real account, GU will add an extra short position just under 1.6000, SL same 1.6017 area.


Got an entry for USDCAD near the 250ema line also, might hit and reverse, or hit and lose me $2 big WOW

Just did the maths, 10% gets you $200 to $2383 in 26weeks, so not even 1 months wages!! then $220 per week at that level, also NO

20% comes up as $22895 which would be nice and making 4.5K per week.



10% and moving to Thialand might just about be able to scrape by

There's a lot to be said for a low cost-of-living! But I'm spoiled
and a huge fan of indoor plumbing

And not being hacked to death when the next regime changes and they all get a bit tetchy and do a bit of ethnic cleansing.

Math's is fun, 10% no chance, 12.5% on the other hand $535 per week at that rate in 26 weeks, amazing what a few % can do.


Obviously I expect account drain after account drain, why change!!

My USDCAD just filled Long, 2nd entry 43 SL both 28.


60% chance it'll continue up, -40risk, +50-100 reward, just playing the stat's.


Can I sleep with penny trades on the table

This is to easy closed out gu +90 Before uk opens and creates a risk.

Uc on the table still well see.

Teamviewer is great when logged on but uts taking ages and ages to get there

Need a plan B any other remote software for iphone ?