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A "new" simple system based on MA

  • #1,161
  • Edited 4:58am Dec 2, 2013 4:40am | Edited 4:58am
Quoting bowforex
Your welcome, i just now looked again the posts in January. I use some tools to identify higher TF directions: DMI and the MAs, and levels, but i'm not a well experienced trader. For example for me on AU not clear trend at the moment, previously down tend (separated ST-LT MAs, DMI ok) {image}
Yes I see, thank you bow

Maybe this one is good now for entry:
Attached Image (click to enlarge)
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DMI and Ma's are ok on 5min. also DMI is negative too on 15min. TF.
Closed with +7pips
  • #1,162
  • Dec 2, 2013 6:22am Dec 2, 2013 6:22am
Quoting bowforex
If You open 0.02 lot for example, You can close 0.01 first (manually), and later the second half. In MT4, click the New Order (maybe, my is hungarian, don't now, what is it in english version) and there You can close partialli Your order. {image} {quote}
Thx for reply, but i know that. The question was how i set it up if i need to close the pc (not being there to close half).
"The trend is your friend, until the end, when it bends"
  • #1,163
  • Dec 2, 2013 6:24am Dec 2, 2013 6:24am
Quoting artem_t
{quote} It doesn't matter where your broker from - only server time matters. As for pivots I think in the long term there is no big difference between them, because sometimes one pivots will be working better than another, and sometimes vice versa.
Ill try to monitor both pivot srces and se wich holds
"The trend is your friend, until the end, when it bends"
  • #1,164
  • Dec 2, 2013 6:30am Dec 2, 2013 6:30am
Quoting hmaoui
{quote} Hi. Sorry but your charts are not very clear for me : too much lines !!! If I understand you enter the market on the 1mn chart. You get the trend on 5 and 15min. That's ok. But look at your timing....it is not per the rules because you are under the EMAs and the RSI5 is not in oversold territory. This is not an A+ setup.
Thx for pointing that, I thoth the RSI neded to be under 50. Ok got it needs to be in oversold or overboth for A+. But what do you mean i was under the EMAs?
"The trend is your friend, until the end, when it bends"
  • #1,165
  • Dec 2, 2013 6:59am Dec 2, 2013 6:59am
Here is 2 trades i took taday just to test exiting 1 trade at TP and the other 1 with 10 pip TS. I was at the pc but doing something else so i put an alarm on mt4 at TP so i can ajust the SL at breakeven +1 for second trade and set a 10 pip TS. This was a 1/1 R/R because the R2 resistance. First trade +11 pip TP just under R2 blue line. Second it reversed and hit SL but still +10 pip. Thinking: 30,15,5M TF ware up so i looked at 1M for retracement and entered.
A, and initial SL for both trades was under R1 wich was acting as suport.

Any pointers are well apreciated

Attached Image (click to enlarge)
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"The trend is your friend, until the end, when it bends"
  • #1,166
  • Dec 2, 2013 10:49am Dec 2, 2013 10:49am
Hello Hmaoui

First of all thanks for your kind heart to share this strategy with us. I start training with your strategy and will continue till i am familiar with the entry and exit point before live trade.

Below is my 1st try with your strategy +2pips.
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  • #1,167
  • Dec 3, 2013 12:37am Dec 3, 2013 12:37am
1st day training with this system, comments are welcome.
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Attached Image
  • #1,168
  • Dec 3, 2013 3:43am Dec 3, 2013 3:43am
I think, these are great setups
Quoting ahgang
1st day training with this system, comments are welcome. {image} {image}
  • #1,169
  • Dec 3, 2013 4:25am Dec 3, 2013 4:25am
Today on NU:

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It was interesting for me but not was an A+ setup because of the close resistances. 29Pips with 0.5 lot, SL was 6 pips, R/R near 5.
  • #1,170
  • Dec 3, 2013 4:44am Dec 3, 2013 4:44am
Hello all

Another deal for today.

Total business for today is net 24pips, so far so good. Need more familiar to this system.
Attached Image(s) (click to enlarge)
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Attached Images
  • #1,171
  • Dec 3, 2013 4:47am Dec 3, 2013 4:47am
Quoting bowforex
Today on NU: {image} It was interesting for me but not was an A+ setup because of the close resistances. 29Pips with 0.5 lot, SL was 6 pips, R/R near 5.

Hello bowforex

That's great setup over there, anyway may i know do u calculate the RR before entry?Or calculate aft the deal?

Regards
Ahgang
  • #1,172
  • Dec 3, 2013 10:28am Dec 3, 2013 10:28am
Thank You

I calculated it after the trade.

Quoting ahgang
{quote} Hello bowforex That's great setup over there, anyway may i know do u calculate the RR before entry?Or calculate aft the deal? Regards Ahgang
  • #1,173
  • Dec 3, 2013 10:35am Dec 3, 2013 10:35am
Quoting bowforex
Thank You I calculated it after the trade. {quote}
Hello bowforex

How is your trade today?

Regards
Ahgang
  • #1,174
  • Dec 3, 2013 11:03am Dec 3, 2013 11:03am
I made some mistake, so sum today 2 pips. I'm impatient, this gave me wrong decisions.

Quoting ahgang
{quote} Hello bowforex How is your trade today? Regards Ahgang
  • #1,175
  • Dec 3, 2013 11:48am Dec 3, 2013 11:48am
Quoting alex8585
Hi hmaoui , i can admit that i am trading this system for one year on more high TF (1H) so i can live more and trade less. it is about two months trying to automate it but no with big success because i don't have knowledge about mql and programming. I have already ready one but i think it needs some tweaks from someone more experienced. I won't post it here without your permission for further optimization. Please advice.
Hi ! I am not a fan of automated robots which could make you rich ! Also, I think that this system is really difficult to translate in mql4 robots because you need to make analyse of the market, and sometimes you dont take signals because of news for example, or time, or price action etc...

If you want to make a robot from it, please feel free to do it. But dont ask me any support because I dont have any programming skills and secondly because I dont believe in robots...

Just another thing : all I do on this thread is free, and there is a risk that some people want you to develop a robot so that they can sell it on ebay or on "experts" blog.

So you can post it if you want but I just advise you to try to automate your brain to master the system and apply it with high discipline. As you like.
  • #1,176
  • Dec 4, 2013 2:51am Dec 4, 2013 2:51am
Quoting ahgang
1st day training with this system, comments are welcome. {image} {image}

Very good
  • #1,177
  • Dec 4, 2013 2:57am Dec 4, 2013 2:57am
Quoting Get.Success
{quote} Hi Hmaoui, Thanks for your clarification. I like this system. Will contribute more active. I have a nice trade on Euro yesterday. Will post the picture later. Thanks a lot for your consistency to teach people here. - Once you did that, you know what markets you will trade you wait for a perfect setup : In an uptrend it means that LT EMAs>ST EMAs, Price makes a pullback with nice candles, the trend is confirmed by your trend indicator (MACD or DMI for example), and your pullback is confirmed by your oscillator (Stochastics, RSI, or CCI for...
Hi. Yes all is ok.
  • #1,178
  • Dec 8, 2013 2:23pm Dec 8, 2013 2:23pm
Look at the charts uploaded...NFP made the €/Y break out an important resistance level. There was a very good PB on the EMAs, confirmed by the stochastics whereas the trend was clearly up (EMAs and DMI as a confirmation). This was an A+ setup ! Very safe trade and lots of pips...
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  • #1,179
  • Dec 9, 2013 3:38am Dec 9, 2013 3:38am
Is this a good trend confirmation on USDJPY?
H1 shows trend up, nice EMA spread, RSI 5 shows up(above 50)
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M30 shows up, nice EMA spread, RSI 5 up, but i see lower highs being formed( am I wrong)?
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M15 shows up, EMA spread not that good, now higher highs are being formed wich is good but i see the price in a range of 33 pips( am i wrong)?
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M5 shows up, EMA start to spread nice again, RSI 5 up, but previous 5M high yellow elipse still not broken wich means we are still in that 33 pip range
(am i wrong)?
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Should i wait for break over the 5M high yellow ellipse before taking a trade? Or better still is this a good trend confirmation based on all TF screenshots posted?
Is there a potential for A+ setup here?
"The trend is your friend, until the end, when it bends"
  • #1,180
  • Edited 5:14am Dec 9, 2013 4:38am | Edited 5:14am
Hello,

i think, is better to wait until the price break the hourly last high, and after this wait for a pullback. But i not an expert so better to wait for an expert answer .

I made a learning plan for the next few month, if anyone have advices, don't hesitate to share with me:

1. learning price action: focused on the end of the pullback. This is the most hard thing for me. In this state i don't care about RR or MM, i just trade on M5 after check higher TF, SL:10, TP10 pips. (on cent account, 17 USD, 0.0001 lot)
2. after this i try to maximalize the profit, with partial closing, SL moving.
3. Money managment exercises, write trading plan (trading hours, disabled market situation... ).

If all is ok, then i will start it on real account.

Quoting dogal3x
Is this a good trend confirmation on USDJPY? H1 shows trend up, nice EMA spread, RSI 5 shows up(above 50) {image} M30 shows up, nice EMA spread, RSI 5 up, but i see lower highs being formed( am I wrong)? {image} M15 shows up, EMA spread not that good, now higher highs are being formed wich is good but i see the price in a range of 33 pips( am i wrong)? {image} M5 shows up, EMA start to spread nice again, RSI 5 up, but previous 5M high yellow elipse still not broken wich means we are still in that 33 pip range (am i wrong)? {image} Should i wait...
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