Why not? Follow the monthly candle and be profitable 02 | Forex Factory

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Why not? Follow the monthly candle and be profitable 02

  • #1
  • First Post: Sep 25, 2014 8:43am Sep 25, 2014 8:43am
Just follow the previous monthly candle

Monthly candle closes red: We will place a sell stop pending order 20 pips below the opening price of the new monthly candle with 60 pips TP and 100 pips STOP.
Monthly blue candle closes: We will place a pending order buy stop 20 pips above the opening price of the new monthly candle with 60 pips TP and 100 pips STOP.

27 Pairs: eurusd,gbpusd,audusd,nzdusd,eurjpy. gbpjpy.audjpy,nzdjpy,euraud,gbpaud, usdcad,eurcad,gbpchf,usdchf, usdjpy,eurnzd,gbpnzd,audcad,audchf, audnzd,cadchf,cadjpy,chfjpy,gbpcad, nzdcad, nzdchf e usdsgd.
Working only 30 minutes per month. +860 pips
See the results of September.
Attached Image (click to enlarge)
Click to Enlarge Name: Resultado 09 2014.png Size: 302 KB
  • #2
  • Sep 26, 2014 7:22am Sep 26, 2014 7:22am
I love the idea to use the monthly candle as triggers. It makes me fell so relax to think about the less stress i need to manage and look for signals all the time.
And when i see at the history i can see some pretty good results. One of the good things is to actually see you have losers, believe it or not but there is no magical grail But still its astonishing results.

As i can see on the trades i can see you have all the losings traders over -27$ each trade. And a glimt at the winnings i think you have around
+20$ avg(average profit). But inn this case you have a tremendous higher winning rate. Inn the name of risk management, you should consider this rule to tune the system."cut your losses and let your winner runs".
Mabey you should consider adding a break even stop loss ? Or a Trailing stop loss? I my self think the trailing stop loss i the best alternative since its more adaptive to all the currency, because each currency has there own breathing range they for either go higher or lower.

Let me know what you think=)
  • #3
  • Sep 26, 2014 7:23am Sep 26, 2014 7:23am
Hi Robinho.
Your result looks to the bright side, even though your Risk:Reward is upside down, so my question is:
How far back have you tested this strategy ?

Regards
Henrik
  • #4
  • Sep 26, 2014 11:16am Sep 26, 2014 11:16am
Quoting henrikjensen
Hi Robinho. Your result looks to the bright side, even though your Risk:Reward is upside down, so my question is: How far back have you tested this strategy ? Regards Henrik

As I said before, I started in August, but did not put pending orders, but the results were Aug. 23 wins and 03 losses ... and this month were 22 wins and 04 defeats, since NZDJPY the order was executed and won 60 + pips. read this topic, because I think that drew ele.http: //www.forexfactory.com/showthread.php t = 505135 ... I intend to follow the rules of the post 162.
  • #5
  • Sep 26, 2014 12:35pm Sep 26, 2014 12:35pm
Quoting Hexagon4
I love the idea to use the monthly candle as triggers. It makes me fell so relax to think about the less stress i need to manage and look for signals all the time. And when i see at the history i can see some pretty good results. One of the good things is to actually see you have losers, believe it or not but there is no magical grail But still its astonishing results. As i can see on the trades i can see you have all the losings traders over -27$ each trade. And a glimt at the winnings i think you have around +20$ avg(average profit). But inn...
Hi, this is making the method more complex, Keep to Robs method, it is an old time and tested method and works, keep it simple,be good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #6
  • Oct 8, 2014 8:31am Oct 8, 2014 8:31am
Quoting billytt
{quote} Hi, this is making the method more complex, Keep to Robs method, it is an old time and tested method and works, keep it simple,be good.
ofc KISS(keep it simpel stupid) it always =D As my self i think it dosent complicate the strategy, but i can see others have problem to do the math part of the job and therefor feel its not simple. I just whant to help 2 innprove the method to inn prove the Sharp ration so he can have higher profitable strategy. Thought it was all about tuning strategy so you can max the profit.
You know to be a traders one of the most fundamental rules you should know about to be a success, is to cut your losses and let your winners run.
As simple as it can get......
  • #7
  • Oct 8, 2014 9:36am Oct 8, 2014 9:36am
Quoting Hexagon4
{quote} ofc KISS(keep it simpel stupid) it always =D As my self i think it dosent complicate the strategy, but i can see others have problem to do the math part of the job and therefor feel its not simple. I just whant to help 2 innprove the method to inn prove the Sharp ration so he can have higher profitable strategy. Thought it was all about tuning strategy so you can max the profit. You know to be a traders one of the most fundamental rules you should know about to be a success, is to cut your losses and let your winners run. As simple as it...

Hello Hex, I agree with you any method can be made better. That is what I suggested and normally a trader will find this out themselves by trading a method to suit them.
Rob posted his method but people started saying do this ,do that and some ask silly questions.
Cut losses and let winners run .....WRONG, it all depends on your trading strategy. In the majority of trading methods you are correct with let winners run. I can explain but not in Robs room. Be good and trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #8
  • Oct 8, 2014 9:49am Oct 8, 2014 9:49am
Quoting billytt
Rob posted his method but people started saying do this ,do that and some ask silly questions.
That's always the case. Any new thread opened with a new strategy is "contaminated" with changes ... even when the thread starter clearly requested to keep his rules unchanged.
MT4/MT5 EAs/Indicators/Alerts coder
  • #9
  • Oct 8, 2014 9:50am Oct 8, 2014 9:50am
Quoting FerruFx
{quote} That's always the case. Any new thread opened with a new strategy is "contaminated" with changes ... even when the thread starter clearly requested to keep his rules unchanged.
correct, Hello FerruFx, how is your violin case lol, be good.



edit, I want to explain to Hex what I mean about not letting profits run, their is a reason and I can show him why,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #10
  • Oct 8, 2014 9:53am Oct 8, 2014 9:53am
Quoting billytt
{quote} correct, Hello FerruFx, how is your violin case lol, be good.
MT4/MT5 EAs/Indicators/Alerts coder
  • #11
  • Oct 8, 2014 1:52pm Oct 8, 2014 1:52pm
Quoting FerruFx
{quote} That's always the case. Any new thread opened with a new strategy is "contaminated" with changes ... even when the thread starter clearly requested to keep his rules unchanged.

ok.ok.ok
  • #12
  • Oct 8, 2014 8:37pm Oct 8, 2014 8:37pm
In the Forex market have 03 moments of action:

BUY, SELL AND WAIT.

WAITING IS THE HARDEST TIME.
  • #13
  • Oct 8, 2014 8:56pm Oct 8, 2014 8:56pm
The important thing is not how many pips you earn, but how many %%%%% is gained.
seganharmos 03, 05 or 10 pips, but every day ... we can make a fortune in 02/03 years. You already entendenderam the post # 162? Already auditioned, making D1 inputs, MN W1 together? Tp 03.05 pips? How many times can gain 05 pips every day, with only a few pairs? Think about
  • #14
  • Oct 9, 2014 10:08am Oct 9, 2014 10:08am
Quoting Robinho
The important thing is not how many pips you earn, but how many %%%%% is gained. seganharmos 03, 05 or 10 pips, but every day ... we can make a fortune in 02/03 years. You already entendenderam the post # 162? Already auditioned, making D1 inputs, MN W1 together? Tp 03.05 pips? How many times can gain 05 pips every day, with only a few pairs? Think about

Thats kinda whay i tryed to get out, its not about how many pips you make. Its all about the % ^^ So i am so sorry to have complicated it all. And about the rules of not let the profit runes i disagree totaly. As i see it we are here alle in the name of making the biggest profit and win the market , am I wrong ? Or are you here to lose ? Whatsoever as you say it, its shouldent be inn this post. so there for i close dat part.

And good luck Robinho, looking forward to see your result growing =)
  • #15
  • Last Post: Mar 21, 2017 3:29am Mar 21, 2017 3:29am
thank for your strategy
i will test it
seem so simple and less stress method
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