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Follow the monthly candle and be profitable

  • #61
  • Sep 21, 2014 9:33am Sep 21, 2014 9:33am
Quoting Pharm0r
{quote} Do you have any other proof besides August? What is your motivation for providing this trade signal?

Friend ... I follow the forex market since 2007, and after a long time without Discipline noticed that if we follow the larger candles, we will have more success.
Notice the monthly candle AUDUSD pair this month. The red candle will end, but managed to gain 60 pips since the price up to 05 days subiu.Escolha a pair and see the past. Are far more gains than losses, working with 27 pairs, as said in the long term discipline ... 03,04 years ... we'll have much success.
  • #62
  • Edited 10:09am Sep 21, 2014 9:45am | Edited 10:09am
Quoting Robinho
{quote} Friend ... I follow the forex market since 2007, and after a long time without Discipline noticed that if we follow the larger candles, we will have more success. Notice the monthly candle AUDUSD pair this month. The red candle will end, but managed to gain 60 pips since the price up to 05 days subiu.Escolha a pair and see the past. Are far more gains than losses, working with 27 pairs, as said in the long term discipline ... 03,04 years ... we'll have much success.
I agree it could be potentially profitable. Since it's really a set-and-forget type of trading, I can fit it into my current trading schedule. I've already set up all 27 pairs, and trade explorer. If you or anyone would like to follow, you're more than welcome. Trading will be with .01 lots each.

I'll do some back testing this weekend on all 27 pairs, and see what I think
  • #63
  • Sep 21, 2014 10:33am Sep 21, 2014 10:33am
[quote=Robinho;7752218]{quote} Good morning friends (Brazil) I am an optimistic person, in everything I do in life, do not like pessimistic people. Life was made for living. But we go to the forex. 1 You can put the orders quietly in the early hours of the month. We know the market so slow estpa opens., Prercisamos not think of EA,

Hi Rob, I am on your side. This trading method is very old and very good you have added your touch to it. and people should not try and change it. Ferrux posted good information and I agree. If you had example 60 % strike rate I would look to make it 70% or more , I hope you understand. I trade daily looking for 10 pips and that is currently running at 79% strike rate or 4/5 winners
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #64
  • Sep 21, 2014 11:24am Sep 21, 2014 11:24am
Quoting stormtrader
{quote} I dare to say that the man is from Brasil there s a huge difference in the mentality... to the better of course, people there are still pure my friend. Thank you Robinho God bless you
Friend'm Petrópolis-RJ / Brazil ... will be a pleasure to welcome you ... like to be friends ... and with this system we will have the entire month to enjoy life.
  • #65
  • Sep 21, 2014 11:36am Sep 21, 2014 11:36am
Quoting billytt
Quoting Robinho
{quote} Good morning friends (Brazil) I am an optimistic person, in everything I do in life, do not like pessimistic people. Life was made for living. But we go to the forex. 1 You can put the orders quietly in the early hours of the month. We know the market so slow estpa opens., Prercisamos not think of EA, Hi Rob, I am on your side. This trading method is very old and very good you have added your touch to it. and people should not try and change it. Ferrux posted good information and I agree. If you had example 60 % strike
...
Friend to those who have more patience if we put 10 pips TP, we have 99.99% gains ... ie 270 pips monthly ... the big problem is people do not have patience. For example, an account of 1k getting 10% of income per month, give us 100k in 04 years, not bad working only 20 minutes per month.
  • #66
  • Sep 21, 2014 11:47am Sep 21, 2014 11:47am
Quoting Robinho
{quote}{quote} Friend to those who have more patience if we put 10 pips TP, we have 99.99% gains ... ie 270 pips monthly ... the big problem is people do not have patience. For example, an account of 1k getting 10% of income per month, give us 100k in 04 years, not bad working only 20 minutes per month.
Do you want to say to trade with 10 pips TP and 100 pips SL ?
Can you give us more details about this 99.99% gains? Do you made a backtest regarding this?!
  • #67
  • Sep 21, 2014 11:53am Sep 21, 2014 11:53am
Quoting Flaviu1981
{quote} Do you want to say to trade with 10 pips TP and 100 pips SL ? Can you give us more details about this 99.99% gains? Do you made a backtest regarding this?!
Friend did not ... but I've been seeing the past .... I will continue with 60 pips TP and 100 pips STOP ... but those who have patience and see the past will see that we have a very high number of victories. Let's do this month all entries and accompany together.The forex market is very dynamic, as soon as we put profit in your pocket better.
My skype robinhocarneiro
My facebook [email protected]
  • #68
  • Sep 21, 2014 11:57am Sep 21, 2014 11:57am
trend start from higher time frames asin that's where they form. you tell that to a newbie he/she starts looking at you funny.
  • #69
  • Edited 12:59pm Sep 21, 2014 12:49pm | Edited 12:59pm
So far- the results looks promising. I've finished back testing EU- and I got close to the same as the other guy. I tested everything on the 1H.

EU - from beginning of year to now (Jan 1 - Sept 21)

6/9 trades taken (3 not taken)
6/6 WON for +60 pips, total of 360 pips
5/6 Winners could have gotten +100 pips

The discrepancy I have compared to the others, is they have one loser- which I dont. One of the trades was within 5 pips of getting ordered, and if it had gotten ordered, it would have lost. So- depending on whether the spread was high or not, and depending on individual price quotes...the losing trade others found may or may not have been completed. It should be noted we also have close- but different high/lows. So I'm assuming it's individual platforms/time zones

I'll be testing the others over the next several days. All of this is on excel, in which I'll release at the end of my testing.
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  • #70
  • Sep 21, 2014 12:51pm Sep 21, 2014 12:51pm
I've modified the spreadsheet so that the long/short option is calculated automatically. Even if the avg W/L is consistent with what's shown for the 2 pairs in that sheet, I would take it without thinking twice

P.S. - Still waiting for some dedicated coder to make an EA. Come on guys!
Attached Image (click to enlarge)
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Attached File(s)
File Type: xlsx Robinho test 2.xlsx   12 KB | 550 downloads
  • #71
  • Sep 21, 2014 12:55pm Sep 21, 2014 12:55pm
Quoting Pharm0r
So far- the results looks promising. I've finished back testing EU- and I got close to the same as the other guy. I tested everything on the 1H. EU - from beginning of year to now (Jan 1 - Sept 21) 6/9 trades taken (3 not taken) 6/6 WON for +60 pips, total of 360 pips 5/6 Winners could have gotten +100 pips The discrepancy I have compared to the others, is they have one loser- which I dont. One of the trades was within 5 pips of getting ordered, and if it had gotten ordered, it would have lost. So- depending on whether the spread was high or not,...
If you can do these tests with other peers will be very good ... thanks friend ...
  • #72
  • Sep 21, 2014 1:06pm Sep 21, 2014 1:06pm
Quoting Hammertop
I've modified the spreadsheet so that the long/short option is calculated automatically. Even if the avg W/L is consistent with what's shown for the 2 pairs in that sheet, I would take it without thinking twice P.S. - Still waiting for some dedicated coder to make an EA. Come on guys! {file} {image}
GBPJPY would have won in January, February, March and April.

Not forgetting that we Trailing stop trigger.
  • #73
  • Sep 21, 2014 1:29pm Sep 21, 2014 1:29pm
Hello All I am new to Forex trading and still learning the basics. This simple method looks very interesting ! I was wondering how much money would be needed to be deposited in the account in order to place the 27 trades ? Also would the best day to place the order be Sept 30? or wait until Oct 1 ? Thank you for your help !
  • #74
  • Sep 21, 2014 1:43pm Sep 21, 2014 1:43pm
Quoting Robinho
{quote} GBPJPY would have won in January, February, March and April. Not forgetting that we Trailing stop trigger.
Sorry, Robinho, maybe I'm missing something. Do you mean that the SL will be dynamically moving if the trade moves in favour?
  • #75
  • Sep 21, 2014 1:50pm Sep 21, 2014 1:50pm
Quoting Hammertop
{quote} Sorry, Robinho, maybe I'm missing something. Do you mean that the SL will be dynamically moving if the trade moves in favour?
I do not understand ... I put 60 pips TP and 100 pips stop and nothing else. But those who want to, can put a trailing stop.
  • #76
  • Sep 21, 2014 2:02pm Sep 21, 2014 2:02pm
Quoting Joeforex510
Hello All I am new to Forex trading and still learning the basics. This simple method looks very interesting ! I was wondering how much money would be needed to be deposited in the account in order to place the 27 trades ? Also would the best day to place the order be Sept 30? or wait until Oct 1 ? Thank you for your help !
October 01 ... I think starting with 1k and 0.01 are putting lots of good size ...
  • #77
  • Sep 21, 2014 2:26pm Sep 21, 2014 2:26pm
Quoting Robinho
{quote} October 01 ... I think starting with 1k and 0.01 are putting lots of good size ...
Yup.

You will need 1k and use lots of .01 to keep your losses @ 1%. Use .02 to keep losses @ 2%
  • #78
  • Sep 21, 2014 2:30pm Sep 21, 2014 2:30pm
Quoting Pharm0r
{quote} Yup. You will need 1k and use lots of .01 to keep your losses @ 1%. Use .02 to keep losses @ 2%

Starting with 1k and having a performance of 10% per month ... you get 100k in 04 years ... is to have patience.
  • #79
  • Sep 21, 2014 2:47pm Sep 21, 2014 2:47pm
This is a very interesting system that has potential until we have more conclusive back tests. I do wonder what kind of results we would get if we were to reduce the stop loss to let's say 80 pips. Also, for those who are less patient you could try creating a four-week candle every two weeks which likely would catch market turns in a more precise manner and would give you twice as many set ups.
  • #80
  • Sep 21, 2014 2:52pm Sep 21, 2014 2:52pm
Quoting Robinho
{quote} I do not understand ... I put 60 pips TP and 100 pips stop and nothing else. But those who want to, can put a trailing stop.
I was referring to your sentence in post # 72 "Not forgetting that we Trailing stop trigger"
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