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Follow the monthly candle and be profitable

  • #201
  • Sep 29, 2014 6:22pm Sep 29, 2014 6:22pm
Quoting HGFx
Hello Robinho, I noticed in the 10pips system you shared with us, you asked us to put a stoploss of 100pips but according to your screenshots of your closed trades, you didnt put any stoploss in all. Is there any particular reason for that please?

I was just testing the idea ... but feel free
  • #202
  • Sep 29, 2014 6:24pm Sep 29, 2014 6:24pm
Quoting HGFx
And again my friend? I also noticed you put in multiple trades on the same pair, different directions, the same month and different days. So please what strategy do you observe before adding trades on the same pair in different direction is it through the close of daily candles or weekly candles.
Trade is always following monthly, weekly and daily together ... it has some trade in different direction ... because it was a test ... but I did see that most follow the monthly ...
  • #203
  • Sep 30, 2014 1:52am Sep 30, 2014 1:52am
Hi Robinho ...if I understand right..I must to look the indi and when all 3 candle D1-W1-M1 are same color than we take the trade regards the rule of monthly candle color (20 pips above or bellow the candle)? can you also show your template?
  • #204
  • Sep 30, 2014 7:02am Sep 30, 2014 7:02am
Quoting fredgold3434
so we are ready for oct/1 to set up trades together. thanks fred

Fred It will be today 30 th sept at 4 pm cst in usa that the Monthly candle change. I will put my trades Today when sept candle will close at 4 pm cst today.
  • #205
  • Sep 30, 2014 8:24am Sep 30, 2014 8:24am
Quoting behman8850
{quote} Fred It will be today 30 th sept at 4 pm cst in usa that the Monthly candle change. I will put my trades Today when sept candle will close at 4 pm cst today.
So is after New York close the last day of the month when the trades are placed?
  • #206
  • Sep 30, 2014 8:31am Sep 30, 2014 8:31am
Quoting notreally
{quote} So is after New York close the last day of the month when the trades are placed?
At the time your platform open a new monthly candle (00:00 your platform time).
MT4/MT5 EAs/Indicators/Alerts coder
  • #207
  • Sep 30, 2014 8:34am Sep 30, 2014 8:34am
Hi, I'm new, I saw this thread and build a basic EA to metatrader 4. Any comments and suggestions are welcomed.
Attached File(s)
File Type: mq4 MonthlyEntry.mq4   2 KB | 423 downloads
  • #208
  • Sep 30, 2014 9:23am Sep 30, 2014 9:23am
Quoting notreally
{quote} So is after New York close the last day of the month when the trades are placed?
Yes NY close is the daily and monthly close:

5pm NY time, 10pm London time, 21:00 GMT
Regards
  • #209
  • Sep 30, 2014 9:44am Sep 30, 2014 9:44am
Quoting visible
Hi, I'm new, I saw this thread and build a basic EA to metatrader 4. Any comments and suggestions are welcomed. {file}
Took a quick look ... The EA isn't compatible 4-Digits nor ECN brokers.
MT4/MT5 EAs/Indicators/Alerts coder
  • #210
  • Sep 30, 2014 10:12am Sep 30, 2014 10:12am
Quoting visible
Hi, I'm new, I saw this thread and build a basic EA to metatrader 4. Any comments and suggestions are welcomed. {file}
1st we have to leave on the monthly timeframe?
2nd it will trigger the order in the direction of the previous closed candle?
3rd will leave pending input only on the 1st day of each month?
  • #211
  • Sep 30, 2014 10:30am Sep 30, 2014 10:30am
Hi Robihno,

Quoting Robinho
{quote}
1st we have to leave on the monthly timeframe?
you can leave any timeframe, the timeframe don't affect the results.

Quoting Robinho
{quote}
2nd it will trigger the order in the direction of the previous closed candle?
yes, it will.

Quoting Robinho
{quote}
3rd will leave pending input only on the 1st day of each month?
I didn't know that rule, but It can implement quickly.

Regards.
  • #212
  • Sep 30, 2014 11:08am Sep 30, 2014 11:08am
good work Visible, waiting for updated EA
Don't speculate trade with surety.
  • #213
  • Sep 30, 2014 11:20am Sep 30, 2014 11:20am
Visible...your EA it will works no matter of the server time of each broker?
  • #214
  • Sep 30, 2014 11:38am Sep 30, 2014 11:38am
your strategy will fail if the start of the month is important data day like ECB monitory policy or NFP. It can be tested only against currencies who don't have high importance data falling on the day. besides 60 pips is too less. Image you put a sell order tomorrow based on today's close and monthly close. draghi comes tomorrow does not do a rate cut or QE and you are chopped.
  • #215
  • Sep 30, 2014 11:40am Sep 30, 2014 11:40am
Quoting Robinho
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...
one month's results are not important. show me performance for 6 months. some of the pairs you got make 60 pips in 10 mins. you need a big account to trade so many pairs
  • #216
  • Sep 30, 2014 11:43am Sep 30, 2014 11:43am
Quoting giveachance
{quote} one month's results are not important. show me performance for 6 months. some of the pairs you got make 60 pips in 10 mins. you need a big account to trade so many pairs
We are here to continue testando..não asked to put anyone in real account ... I showed the way, each going the way you see fit. Just put the appropriate batch that will give tra ing with the 27 pairs.
  • #217
  • Sep 30, 2014 11:54am Sep 30, 2014 11:54am
Quoting giveachance
your strategy will fail if the start of the month is important data day like ECB monitory policy or NFP. It can be tested only against currencies who don't have high importance data falling on the day. besides 60 pips is too less. Image you put a sell order tomorrow based on today's close and monthly close. draghi comes tomorrow does not do a rate cut or QE and you are chopped.
If it is to hear, and think you should not put pending, ok .... so entries will each ... I'm not doing it ... but you can place orders on 02, 03, 04 .........
  • #218
  • Sep 30, 2014 12:18pm Sep 30, 2014 12:18pm
Visible....your EA take in consideration also the day and weekly candle that are must be the same color of monthly?
  • #219
  • Sep 30, 2014 12:20pm Sep 30, 2014 12:20pm
Quoting ginger
Visible....your EA take in consideration also the day and weekly candle that are must be the same color of monthly?

would be great if you take into account weekly and daily
  • #220
  • Sep 30, 2014 12:37pm Sep 30, 2014 12:37pm
Quoting giveachance
your strategy will fail if the start of the month is important data day like ECB monitory policy or NFP. It can be tested only against currencies who don't have high importance data falling on the day. besides 60 pips is too less. Image you put a sell order tomorrow based on today's close and monthly close. draghi comes tomorrow does not do a rate cut or QE and you are chopped.

DO NOT TRADE IT THEN, IF IN DOUBT DO NOT TRADE.
guys this method is so easy to trade , if you ask questions like this you should not be trading.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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