A few more questions when you get a alert you only enter the trade when the ma8 is above ma50 for buy and below for sell. Now supposing after the alert price ranges for a long time than price closes above ma8 for long or below for sell do you still take the trade or after a alert you have a set time if requirements are not met you dont take the trade.
Also what do you do when you get a large candle that closes above or below ma8 which means it breaks by 1 pip than you will have a very large stop do you take these trades?
Lastly as I've never used the semafor indicator does it always give orange flower for sell and white flower for buy?
A few more questions when you get a alert you only enter the trade when the ma8 is above ma50 for buy and below for sell. Now supposing after the alert price ranges for a long time than price closes above ma8 for long or below for sell do you still take the trade or after a alert you have a set time if requirements are not met you dont take the trade.
Also what do you do when you get a large candle that closes above or below ma8 which means it breaks by 1 pip than you will have a very large stop...
Ignored
Dear light786
please ask your questions on the chart . i think in this way we can understand each other better, thanks
HI kayvan hopefully this would make it easier.....
As you can see from attachment there are two arrows marked.
1. Arrow 1 as you can see at 08.50 GMT time you see a alert but at this time ma8 is below ma50 3 candles later where u see arrow we get large candle now ma8 above ma50 do you take this trade if so where will your stop be or is it too large?
2. Arrow 2 as you can see at 11.40 GMT time you see semafor orange alert now here ma8 is below ma50 so our criteria met we dont see aelrt for long time so does it mean everytime price closes below ma8 u take the trade, ie does not matter how long ago alert was?
HI kayvan hopefully this would make it easier.....
As you can see from attachment there are two arrows marked.
1. Arrow 1 as you can see at 08.50 GMT time you see a alert but at this time ma8 is below ma50 3 candles later where u see arrow we get large candle now ma8 above ma50 do you take this trade if so where will your stop be or is it too large?
2. Arrow 2 as you can see at 11.40 GMT time you see semafor orange alert now here ma8 is below ma50 so our criteria met we dont see aelrt for long time so does it mean everytime price closes...
Ignored
Hi Dear light786
i explained everything as my system rules on your chart. please let me know in case of any question . have a good trade
hi i tried your strategy today. It failed is there an exception or did i do it the wrong way. It would be great if you could advise.
Attaching screenshot.
hi i tried your strategy today. It failed is there an exception or did i do it the wrong way. It would be great if you could advise.
Attaching screenshot.
...
Think since am a junior member in forexfactory am not able to attach screenshot. nevermind am doin great with this strategy but am not following entire thing. jus following semaphore alert, with SL jus 2 pips above alert level and TP of 5-6 pips.. and 9 out of my 10 trades are winners. but this is in my demo account. planning to go live with this strategy.what do you suggest?
Think since am a junior member in forexfactory am not able to attach screenshot. nevermind am doin great with this strategy but am not following entire thing. jus following semaphore alert, with SL jus 2 pips above alert level and TP of 5-6 pips.. and 9 out of my 10 trades are winners. but this is in my demo account. planning to go live with this strategy.what do you suggest?
Ignored
Hi Dear blue_whale
if obey all of your rules, or all of my system rules ,be sure you will be succeeds in forex ,if not ,you will be a looser .... this is the key .......obeying our rules..
True!,, I ve already learnt that there are no holy grail to success in forex(crashed my first account 6 months ago). Tried various things for last two months..finally ur semaphore alert indicator seems to work great for me(alomst all my trades were winners,even de ones which i lost din matter much as price never goes below/above the alert level so they were minor losses). One more week of testing and I am going live on 20 th feb. will keep u posted on my result. cheers.
True!,, I ve already learnt that there are no holy grail to success in forex(crashed my first account 6 months ago). Tried various things for last two months..finally ur semaphore alert indicator seems to work great for me(alomst all my trades were winners,even de ones which i lost din matter much as price never goes below/above the alert level so they were minor losses). One more week of testing and I am going live on 20 th feb. will keep u posted on my result. cheers.
Joined Sep 2009
|
Status: Ordinary Trader
|374 Posts
Great Strategy..Did You check the higher TF to determine trend or just stay on 1 TF..??
Quote
Disliked
if obey all of your rules, or all of my system rules ,be sure you will be succeeds in forex ,if not ,you will be a looser .... this is the key .......obeying our rules..
Are you still trading this "simple" system or are you trading a different system now as there's been no activity for more than a year. I looked at many systems in the last two months and yours look good but I wonder why theres so little interest! You sound like a nice guy that is willing to help new traders!
