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Best Trading System (Only Momentum)

  • #41
  • Aug 1, 2013 7:44pm Aug 1, 2013 7:44pm
Quoting muhiuddin
whatfx this system is doing well and producing good enough. You just need to adjust money management system according to your capital. pat16 I am doing forward testing which is reliable. muhiuddin
hi muhiuddin

i need your uptodate rules, the new rules you were trying out...as different brokers show different divergence.

also, can you start posting some charts again.
  • #42
  • Aug 22, 2013 7:15pm Aug 22, 2013 7:15pm
muhiuddin whats haPPENING, HAVE YOU GIVEN UP ?
  • #43
  • Sep 27, 2013 2:52am Sep 27, 2013 2:52am
Hi whatfx sorry for delay. my forward testing is going super fine uptil now. No rule changes just strict rules i explain on my first post. I am using AAAFX broker. Cheers.

muhiuddin
  • #44
  • Sep 27, 2013 6:39pm Sep 27, 2013 6:39pm
Quoting muhiuddin
Hi whatfx sorry for delay. my forward testing is going super fine uptil now. No rule changes just strict rules i explain on my first post. I am using AAAFX broker. Cheers. muhiuddin

i still dont understand your rules.
  • #45
  • Sep 30, 2013 8:34pm Sep 30, 2013 8:34pm
muhiuddin
Thanks for sharing your knowledge.
I've always used momentum, and is very powerful.
I look forward to your teachings, to learn more about this strategy.
  • #46
  • Feb 14, 2014 1:54am Feb 14, 2014 1:54am


i still dont understand your rules.





where the point you find problem in understdning. In Setup Rules ? Stoploss or Take profit so i will explain more.
  • #47
  • Feb 14, 2014 5:31am Feb 14, 2014 5:31am
Quoting muhiuddin
i still dont understand your rules. where the point you find problem in understdning. In Setup Rules ? Stoploss or Take profit so i will explain more.
I've always used, for divergences, both hidden as regular.
The theme as use within other strategies I have never tasted in real.
How are your% of successes?
Where TF is better to use?
Thanks for your input.
We stay in touch and us share the experience
regards
  • #48
  • May 21, 2014 4:04pm May 21, 2014 4:04pm
Quoting muhiuddin
MOMENTUM PRICE SYSTEM Hi I'm using the price momentum trading system since last six month and earning from it consistently. It is very easy system and one of the successful indicator which i am using. The only Momentum Indicator. I got this idea from somewhere then mold it from time to time by keep changing and testing. I am sharing my trading system as below. Chart:Candle Stick TimeFrame: 4HR - DAILY Momentum Indicator:28 Candle bars SHORT ENTRY: Prices are usually move in the direction of momentum but if momentum leads price and then begins to...


hey muhiuddin

where are you ? are you not making money with this method, hence you stopped using it ?
  • #49
  • Jun 6, 2014 9:38am Jun 6, 2014 9:38am
hi whatfx

I am successfully trading momentum strategy with no rule change. As I am doing job also and part time trading i have no time at moment to post trade setups on here. meanwhile you can find setups through my strict rules and money management.

I cant show you the progress in my live account as i am using other strategies too so the performance cannot be judged. but planning to trade this strategy on separate account to show progress.
Roughly i estimate that this return the ratio of 3.5-10 percents per month average with 32% draw down so far in 11 months.

When i have time I am developing other mechanical system too and refining them from time to time. You can check performance of these systems on my profile pages. Backtest was quite reasonable but i also put it into forward testing if successful i will share my knowledge.

pampaq: I have been using 4hour time frame so average trade time is about 4 days. though less time frame may some noise and larger timeframe i have not tested.

Cheers!
  • #50
  • Jun 6, 2014 10:11am Jun 6, 2014 10:11am
momentum needs mass, mass of price volume.
My Best Trade is Next Trade!
  • #51
  • Jun 6, 2014 1:53pm Jun 6, 2014 1:53pm
Quoting muhiuddin
hi whatfx I am successfully trading momentum strategy with no rule change. As I am doing job also and part time trading i have no time at moment to post trade setups on here. meanwhile you can find setups through my strict rules and money management. I cant show you the progress in my live account as i am using other strategies too so the performance cannot be judged. but planning to trade this strategy on separate account to show progress. Roughly i estimate that this return the ratio of 3.5-10 percents per month average with 32% draw down so far...
Muhyuddin: I took your idea and apply it to CCI14, it also agreed with divergence to give greater chance of success.
TF 15M y 60M
regards.
  • #52
  • Jun 8, 2014 11:32pm Jun 8, 2014 11:32pm
PAMPAQ: Yes I will look at your CCI14 idea.

MAM.Trader Your max consective loses is greater than 20 which lead to high drawdown and your worst trade loss is -$2,464 while max trade profit is $360. Neex to improvement so it can give good sharpe ratio
  • #53
  • Jul 31, 2014 8:45am Jul 31, 2014 8:45am
Quoting muhiuddin
BUY EXAMPLE In the following chart we identified buy setup (divergence) and we buy 2 Lots @ 0.9718. On 0.9806 we exit on lot with profit of 88 pips and raise our stop loss to Break Even(0.9718). After TP2 hit, we raise stop loss to 50% on close of every candle above until we stopped out @ 0.9878 with on 7th December with 160 pips. Total we earned 248 pips on this trade. {image} muhiuddin
Problem is with your plan, is you move S/L to break even and the next pullback you get stopped out... Obviously the chart you showed us is not a live trade but an attempt to use 20/20 hind-sight and you have failed at that as well. Stop loss... You will get taken out on the first swing down... according to where you tell us to put the break-even... Pleas do correct me if I am wrong
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  • #54
  • Aug 22, 2014 1:14pm Aug 22, 2014 1:14pm
BabyDragonFX: When Price close above the 0.9806 we moved SL to 0.9718 (BE), When target reach 0.9896 we then trail SL to 50% of Profit. Hope you understand.
  • #55
  • Jan 16, 2015 8:18am Jan 16, 2015 8:18am
Quoting muhiuddin
BabyDragonFX: When Price close above the 0.9806 we moved SL to 0.9718 (BE), When target reach 0.9896 we then trail SL to 50% of Profit. Hope you understand.

muhiuddin

how are you doing so far.

your rules need to be explained again in bullett points with chart examples
  • #56
  • Jan 16, 2015 8:36am Jan 16, 2015 8:36am
I believe in "Price Action Trading" system and I am using this method since last 4 years now. In this method my chart is very clean and free from many indicators. I only use EMA (21,8) and Bollinger Bands. These two indicators I use to get a clear idea about the overal trend, market behavior and for finding the points to enter a trade. However, price action means more than following this method. Here 10% is the skill and 90% is psychology. So, apart from going with the trend and using indicators, keeping the mind free from mental stress, a cool environment, positive attitude toward the market, understanding overall markets behavior is really important in forex trading.
  • #57
  • May 28, 2015 11:54pm May 28, 2015 11:54pm
Quote
I believe in "Price Action Trading" system and I am using this method since last 4 years now. In this method my chart is very clean and free from many indicators. I only use EMA (21,8) and Bollinger Bands. These two indicators I use to get a clear idea about the overall trend, market behavior and for finding the points to enter a trade. However, price action means more than following this method. Here 10% is the skill and 90% is psychology. So, apart from going with the trend and using indicators, keeping the mind free from mental stress, a cool...


Market behave 90% on Psychology. Mathematical indicator cannot be applied on psychology that's why all indicators fails. In this "Trading Systems" most trading systems based on mathematics. Mostly fail to give satisfactory results on mathematical trading systems and the only edge they provide somehow on mathematical rules with strict money management, grid, martingale, averaging etc.

If you observe most renowned successful trading Analyst / Hedge Fund Managers, their strategy based on Price Action. Elliott Wave, Dow Theory, Wycoff all are Price action which applied to market psychology.
  • #58
  • Jun 2, 2015 11:41am Jun 2, 2015 11:41am
Quoting muhiuddin
{quote} Market behave 90% on Psychology. Mathematical indicator cannot be applied on psychology that's why all indicators fails. In this "Trading Systems" most trading systems based on mathematics. Mostly fail to give satisfactory results on mathematical trading systems and the only edge they provide somehow on mathematical rules with strict money management, grid, martingale, averaging etc. If you observe most renowned successful trading Analyst / Hedge Fund Managers, their strategy based on Price Action. Elliott Wave, Dow Theory, Wycoff all are...
Apply some technique to take advantage of the hidden divergences.
Thanks and regards
  • #59
  • Jun 3, 2015 9:21am Jun 3, 2015 9:21am
Quoting muhiuddin
{quote} Market behave 90% on Psychology. Mathematical indicator cannot be applied on psychology that's why all indicators fails. In this "Trading Systems" most trading systems based on mathematics. Mostly fail to give satisfactory results on mathematical trading systems and the only edge they provide somehow on mathematical rules with strict money management, grid, martingale, averaging etc. If you observe most renowned successful trading Analyst / Hedge Fund Managers, their strategy based on Price Action. Elliott Wave, Dow Theory, Wycoff all are...
Martingale, thats scary. I agree with everything you said but martingale
  • #60
  • Dec 23, 2015 12:13pm Dec 23, 2015 12:13pm
Quoting muhiuddin
{quote} Market behave 90% on Psychology. Mathematical indicator cannot be applied on psychology that's why all indicators fails. In this "Trading Systems" most trading systems based on mathematics. Mostly fail to give satisfactory results on mathematical trading systems and the only edge they provide somehow on mathematical rules with strict money management, grid, martingale, averaging etc. If you observe most renowned successful trading Analyst / Hedge Fund Managers, their strategy based on Price Action. Elliott Wave, Dow Theory, Wycoff all are...
Ruso sos un genio, durante mas de un aņo he estado ganando dinero por vos, gracias abrazo ultimo de los cientos de pips de hoy
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