Follow the monthly candle and be profitable

Hi, the method is for MONTHLY, it is a different setup changing to different time frames all of which are also good, lets stick to monthly without indies

I do not know why but the topic does not appear for all on page Forex Factory.

JUST A SUGGESTION FOR WHO UNDERSTAND MY ONLY DISCIPLINA.GANHAR 10% PER MONTH WITH SECURITY. NO ONE IS REQUIRED TO FOLLOW.

,,, But not want to spend an idea for you;;; desire catch only 10 pips per month per pair, but how?

1) Once you start the month, we look at the monthly candle (MN) as closed, red or blue.

2) Let's look at the weekly candle (W1) closed the same color as the candle monthly.

3) let's look at the daily candle (D1) closed the same color as the candle monthly.

A) MN, W1 and D1 of the same color / TRIO BEING TERNURA OK, put AN ORDER PENDING IN DIRECTION TRIO (MN, W1, D1) NEXT LEVEL IN 20, IN 20 (00,80,60,40, 20) Example: the 03 blue candles are ok ... and the opening price was 1.2908 ... put pending order at 1.2920 price ... the 03 red candles are ok ... and the opening price was 1.2908. ..colocarei pending 1.2900 in price order.

B) Monthly (MN) closes a color and Week (W1) closes the same color and Diary (D1) than previous closed. We'd EXPECT THAT THE NEXT CANDLE D1 TO MAKE ENTRY PENDING.

C) Monthly (MN) closes a color and Week (W1) closes different. We'd EXPECT THAT WEEK END TO SEE HOW A CANDLE WEEKLY WILL CLOSE. WE WILL NOT WORK WITH THIS PAIR THIS WEEK.

NOTE 1: LET'S MAKE THIS ENTRY, ONLY THE FIRST OPPORTUNITY OF THE MONTH. ONLY ONE ENTRY WITH TP OF 10 AND STOP OF 100 PIPS PIPS.

NOTE 2: Feel free to put the TP they see fit, BUT THIS WAY, WE A GREAT CHANCE TO WIN THE 27 PAIRS. ENTRY ONLY 01 PER MONTH IN PAR.

NOTE 3: A WINDOW WILL BE available, SHOWING HOW TO SHUT THE LAST CANDLE. This WILL FACILITATE, NO NEED TO BE BACK IN THE PAR PAR.


I'll leave the 02 indicators and templates.
Indicators are only to facilitate visualization of the closing of candles D1, W1 and MN position and to facilitate the pending order levels.

02 templates are:
1) are for the pairs:14 pares/ I'll leave the 02 indicators and templates.
Indicators are only to facilitate visualization of the closing of candles D1, W1 and MN position and to facilitate the pending order levels.

02 templates are:
1) are for the pairs:I'll leave the 02 indicators and templates.
Indicators are only to facilitate visualization of the closing of candles D1, W1 and MN position and to facilitate the pending order levels.

02 templates are:
1) # Robinho MN are for the 14 pairs:eurusd,gbpusd,audusd,nzdusd,eurjpy. gbpjpy.audjpy,nzdjpy,euraud,gbpaud, usdcad,eurcad,gbpchf,usdchf.
2) # Robinho MN 2 are for the 13 pairs:usdjpy,eurnzd,gbpnzd,audcad,audchf, audnzd,cadchf,cadjpy,chfjpy,gbpcad, nzdcad, nzdchf e usdsgd.

See that only one entry per couple per month, within the terms MN, W1, D1 ... only 01 input ... but this is my way of thinking.

It's too complicated Man! A lot of difficult reading and then half a dozen attached files with strange file extensions. Do you have something simple for 91 year old man like me? Last time I requested something similar from a thread starter, he suggested using the US Quarters instead of Canadian Loonies ...................... former are more balanced he mentioned.

'm Brazilian,,, put the translator to try to explain to vocês..Os indicators are only to facilitate the visualization of closed in the same frame ... Briefly ... candles is to make the input when the Daily, Weekly and Monthly, candles are in the same color ... only time this happens in the month ... if you have other opportunities, not only in ... the 1st of each pair.

download indicators in the folder ... and then load the template, matched in pairs ... riding will be easier to understand. For each pair we have 03 tracks MN, W1 and D1 with 02 candles. The candles from left are CLOSED candles (these have to be the same color) candles on the right are the current candles (these do not matter)

I would like everyone to take a look in the prices of inputs of each pair earlier this month (post 01), saw how much would be earning at that time.

Robinho, Thank you.
I have open 27 pairs on Monday of this week, 0.1 lot, account balance 5000 demo, maximum dynamic profit is 327, maximum dynamic loss is more than 300,
if we close all pair at 5% profit every week, that is also very good.

Ok ... but the idea is to work only with the FIRST ENTRY OF THE MONTH. A big hug.

A shame they have taken this topic visualization of all ... do not know why ... why? Must be why it is profitable ... can only !!!

Thanks Robinho, which one is blue candle, you mean green candle?

it,,ok


Friends see that the pair NZDJPY order executed with + 54pips and I was ... the last pair pending.

hi robinho
so i got some confusion for the rules.
do we fallow your first post for entry and TP or your rules above?
thanks
fred

Friend ... put two rules:

1st Monthly tracking just sailing ... putting tp 60 pips and 100 pips stop and riding the pending orders 20 pips from the opening price in the direction of the closed monthly candle.

2nd for those who just want to gain 10 pips per pair ... following the rules of the post 162.

Friend, but you can even create your rules, see several pairs that had 400 + pips gain ... I prefer to guarantee 10 pips per pair every month, this will give me 270 + pips. Not like to be following the market is more difícil.As rules of post 162, are for inputs with much more precision, because we have monthly, weekly and daily going in the same direction, and putting tp 10 pips and 100 pips stop , the chances of winning the 270 pairs are much larger.

We'll all be together in the closing months ... we will make the entries together ... 30/09 in closing the monthly candle.

See results this month, MN, W1 and D1 together. we only need 01 entry for each pair a month to gain 270 pips. Many opportunities.Very effective system.

Friends'm not forcing anyone to follow ... I'm just showing the results ... want to wait 01,02, 03 years, are making in Demo account.

Hi Robinho,
tks to you for such straight fwd systems.. will plan to try on 8 pairs and see how it goes

Cheers..

8 pairs only might not give you a clear picture of the strategy potential.

Keep in mind that diversification is essential for this method ... So the more pairs, the more chance to "dilute" the few losses.

good answer, I was used to trading one pai,r sometimes two lol, 27 would make me faint. But in this case I agree it does have merit especially the diluting the losses. I would definitely work on the losses for the following month but that is me, be good

See the end result of September. Yesterday was triggered last NZDJPY backorder and won 60 + pips. outcome 22 wins and 04 defeats. 920 + pips.

well done!

That is great, we will forward test it as from 1st October