Trend Picker | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Are you a trend trader or a counter-trend trader? 29 replies

Ichi Trend & RSI Trend Catch 4 replies

trend up trend down 1 reply

Automatic Trend line, trend channel, support, resistance detection 3 replies

"Trend" , how do you actually trace the current trend ? 23 replies

Attachments: Trend Picker
Exit Attachments

Trend Picker

  • #21
  • Edited 11:44am Jul 24, 2014 11:33am | Edited 11:44am
The TDI, (yellow) has hit a previous level which has caused a retrace to the lower TMA,(again) so hopefull of a retake, profit getting better as I type,here's hoping for the fall.
Attached Image (click to enlarge)
Click to Enlarge Name: update.png Size: 118 KB
  • #22
  • Jul 24, 2014 11:37am Jul 24, 2014 11:37am
The 1hr chart
Attached Image (click to enlarge)
Click to Enlarge Name: update.png Size: 122 KB
  • #23
  • Jul 24, 2014 11:53am Jul 24, 2014 11:53am
Quoting BenderTrader
All EU positions in profit as well as EJ And look at NU - so much profit ....

BT, can you post some charts
  • #24
  • Jul 24, 2014 12:03pm Jul 24, 2014 12:03pm
Hi and welcome back Pinkas

Its been a good trading day

EJ and GC gave good entries , going to let these profits run

I closed all Nu positions today with 240 pips profit each trade = 750 pips

GU I am still keeping open for now

Good luck guys

Let me know which pairs you are testing this on
  • #25
  • Jul 24, 2014 12:10pm Jul 24, 2014 12:10pm
Quoting BenderTrader
Hi and welcome back Pinkas Its been a good trading day EJ and GC gave good entries , going to let these profits run I closed all Nu positions today with 240 pips profit each trade = 750 pips GU I am still keeping open for now Good luck guys Let me know which pairs you are testing this on

Well well done, Naz now in profit, just want it to continue.
  • #26
  • Jul 24, 2014 12:26pm Jul 24, 2014 12:26pm
Hi Bendertrader,

Nice thread! What are you doing if the retrace after you enter a trade is not big enough and the trend continues with some big move say 200 pips or more before the next retrace this could cause big DD how do you handle this? If I look at eur/aud for example in december last year when trend was big up?
  • #27
  • Jul 24, 2014 5:03pm Jul 24, 2014 5:03pm
Been trying to post this for a while, system been very slow, the Naz has around 40pips to hit the lower 4hr TMA, currently up 17 pips +
Attached Image (click to enlarge)
Click to Enlarge Name: update.png Size: 136 KB
  • #28
  • Jul 24, 2014 5:07pm Jul 24, 2014 5:07pm
Attached Image (click to enlarge)
Click to Enlarge Name: update.png Size: 120 KB
  • #29
  • Jul 24, 2014 5:22pm Jul 24, 2014 5:22pm
Sorry BT, will not hijack your thread anymore, would certainley give the thumbs up to your system, the multiple entries and possible drawdows could be a problem, that said, the GBP/USD has thrown up some good trades in the past (4hr for example) but the ones of recent are in the red only by around 70 pips, would be a good confirmation though to see the rebound, all in all has given me a better perpective, hope to see more input and the thread kept alive, you've heard enough from me, let someone else have a turn keep it simple, thanks.
  • #30
  • Jul 24, 2014 6:05pm Jul 24, 2014 6:05pm
Quoting jasper2603
Hi Bendertrader, Nice thread! What are you doing if the retrace after you enter a trade is not big enough and the trend continues with some big move say 200 pips or more before the next retrace this could cause big DD how do you handle this? If I look at eur/aud for example in december last year when trend was big up?

Hi Jasper

You have an excellent point, this is the only problem with this system, is sometimes you can be drawndown.....what I suggest is apply a filter like MACD to enter only once left the cloud ( see below) either way still returned excellent yields

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 36 KB
  • #31
  • Jul 24, 2014 6:06pm Jul 24, 2014 6:06pm
Quoting BenderTrader
{quote} Hi Jasper You have an excellent point, this is the only problem with this system, is sometimes you can be drawndown.....what I suggest is apply a filter like MACD to enter only once left the cloud ( see below) either way still returned excellent yields {image}

Sorry here is the full picture
Attached Image (click to enlarge)
Click to Enlarge Name: FULL EA.png Size: 66 KB
  • #32
  • Jul 24, 2014 6:08pm Jul 24, 2014 6:08pm
Quoting Pinkas
Sorry BT, will not hijack your thread anymore, would certainley give the thumbs up to your system, the multiple entries and possible drawdows could be a problem, that said, the GBP/USD has thrown up some good trades in the past (4hr for example) but the ones of recent are in the red only by around 70 pips, would be a good confirmation though to see the rebound, all in all has given me a better perpective, hope to see more input and the thread kept alive, you've heard enough from me, let someone else have a turn keep it simple, thanks.

Hi

No please stay , anyone is welcome to post here .... lets keep this thread going

Thank you for all your valuable input , look at the EA example I posted, it can be filtered out with MACD
  • #33
  • Jul 25, 2014 6:37am Jul 25, 2014 6:37am
Quoting BenderTrader
All EU positions in profit as well as EJ And look at NU - so much profit ....
BT, can you post your EU trade which you said in profit? I dont find it profit in my chart. how much tp did you get? Thanks!
  • #34
  • Jul 25, 2014 7:33am Jul 25, 2014 7:33am
Hi

EU trade was in profit yesterday, now in the red, but holding it still...I usually set TP at 150 pips and trail from there

Let me know which pairs you are using this on

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 40 KB
  • #35
  • Jul 25, 2014 7:40am Jul 25, 2014 7:40am
Quoting BenderTrader
Hi EU trade was in profit yesterday, now in the red, but holding it still...I usually set TP at 150 pips and trail from there Let me know which pairs you are using this on {image}
how can you be profit on those dots the candles are all bears?
  • #36
  • Jul 26, 2014 2:39am Jul 26, 2014 2:39am
Hi Bender,

Thanks for the filter idea. One question, are you keep adding trades outside the tma band with a yellow dot and are these new trades you take with the same lotsize as the first?

150 pips tp is large, what if the retrace is smaller then that do you set it at break even after it has gained some pips?
  • #37
  • Jul 26, 2014 5:22pm Jul 26, 2014 5:22pm
Quoting mario777
{quote} how can you be profit on those dots the candles are all bears?

At the time I updated the thread the trade was in profit, it closed lower than open price so now candle is red

Now the trades are NOT in profit

Hope that is clear
  • #38
  • Last Post: Jul 26, 2014 5:26pm Jul 26, 2014 5:26pm
Quoting jasper2603
Hi Bender, Thanks for the filter idea. One question, are you keep adding trades outside the tma band with a yellow dot and are these new trades you take with the same lotsize as the first? 150 pips tp is large, what if the retrace is smaller then that do you set it at break even after it has gained some pips?

Hi Jasper

Yes basically if you taking only one pair then you can go in same lot size for each additional entry. I take my balance and divide by 200 000 and then I add a max of 10 trades for that pair. So if you were to add in more pairs I would suggest you increase the number you are dividing by ... risk is very important

Regarding the TP... I usually trail from 80 pips onwards....and once price hits midband you can close of some and let the others run, price usually retraces somewhat there...
0 traders viewing now