Follow the monthly candle and be profitable | Page 53 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Follow the BIG Candle 322 replies

Follow Last Candle EA 10 replies

Follow the prior Heiken Ashi candle for profits 61 replies

How to make EA that send Open Price of Candle for every new candle 5 replies

Correlation between first 4 hour candle and daily candle 1 reply

Attachments: Follow the monthly candle and be profitable
Exit Attachments

Follow the monthly candle and be profitable

  • #1,041
  • Edited 4:05pm Feb 17, 2015 2:33pm | Edited 4:05pm
OK so we have all been following Robinhos system with great success right. Well i got lazy and placed trades just from a quick glance. If the 3 Tf all show same previous candle and current candle shows the same direction i place a 10tp 100sl market order. To my amazement they all went green. I've done 5 orders this way so far on my demo and all were wins. I placed them when i have time to look at my charts which is anytime during the day. I didnt wait for any candles to print i just placed the trades as soon as i saw them. Anyone else try this?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: myrandoms.JPG Size: 44 KB
  • #1,042
  • Feb 17, 2015 2:44pm Feb 17, 2015 2:44pm
my first try

Attached Image (click to enlarge)
Click to Enlarge Name: xxx.png Size: 64 KB
  • #1,043
  • Feb 17, 2015 3:09pm Feb 17, 2015 3:09pm
Quoting Patternz
OK so we have all been following Robinhos system with great success right. Well i got lazy and placed trades just from a quick glance. If the 3 Tf all show same previous candle and current candle shows the same direction i place a 10tp 100sl market order. To my amazement they all went green. I've done 5 orders this way so far on my demo and all were wins. I placed them when i have time to look at my charts which is anytime during the day. I didnt wait for any candles to print i just placed the trades as soon as i saw them. Anyone else try this?...

yeah Sunday after the market opened i tried Smoothtrader weekly EA and the orders were placed right away at open price i had 12 wins and 3 losses closed some manually because they were not filled knowing that the EA placed both market orders and on the opposite side planted pending orders.


Attached Image (click to enlarge)
Click to Enlarge Name: rob.PNG Size: 47 KB
  • #1,044
  • Feb 17, 2015 10:26pm Feb 17, 2015 10:26pm
HI Robinho,

THanks for your share. I am trying learning and understand the system now after 1 month read the post.

Keep posting ...

THanks
Look for it and you will find it
  • #1,045
  • Feb 18, 2015 1:08am Feb 18, 2015 1:08am
Quoting Ab4x
{quote} yeah Sunday after the market opened i tried Smoothtrader weekly EA and the orders were placed right away at open price i had 12 wins and 3 losses closed some manually because they were not filled knowing that the EA placed both market orders and on the opposite side planted pending orders. {image}

Hello Ab4x.

Have you use the Version1........... Weekly EA V1.MQ4?

You put it on every chart or just on one chart?

The setting is the default or need to change something (apart magic number and ECN false or true)?

In case can you upload your .SET?

Thanks in advance
  • #1,046
  • Feb 18, 2015 5:27am Feb 18, 2015 5:27am
Quoting howa61
{quote} Hello Ab4x. Have you use the Version1........... Weekly EA V1.MQ4? You put it on every chart or just on one chart? The setting is the default or need to change something (apart magic number and ECN false or true)? In case can you upload your .SET? Thanks in advance


hi howa,

Yes i used the Weekly EA V1 the newest one and you have to put it on every chart you want to trade. I went with the default ; did not change anything not even the magic number .

Cheers
  • #1,047
  • Feb 18, 2015 6:26am Feb 18, 2015 6:26am
Hi all,

Have been reading into this thread, looks like a great method.

Are you currently trading the monthly candles, or the weekly? I'm seeing multiple responses from different users.

Cheers,
Ivan
  • #1,048
  • Feb 18, 2015 6:31am Feb 18, 2015 6:31am
All of you are right, begin testing operations is the best way to learn to make a profit in this wonderful market.

Make monthly or weekly or daily entries, it does not matter. Each friend will find the best way to operate, and following D1 = W1 = MN hardly putting a short 10-20 pips TP will lose. So each friend you will find your best standard.

One thing is important to talk, watch the EA ... they do not know how it was scheduled, but looks like it does the candle color reading. The candle can close blue, but with a tremendous syrup up, clearly seguinificando a rejection "UP" and the Ea can make the purchase of reading, so I prefer to make entries manually.

All who are going to put their results, I am grateful, because that's how we have to work: TEAM

A fraternal embrace to all
  • #1,049
  • Feb 18, 2015 6:46am Feb 18, 2015 6:46am
Quoting Robinho
All of you are right, begin testing operations is the best way to learn to make a profit in this wonderful market. Make monthly or weekly or daily entries, it does not matter. Each friend will find the best way to operate, and following D1 = W1 = MN hardly putting a short 10-20 pips TP will lose. So each friend you will find your best standard. One thing is important to talk, watch the EA ... they do not know how it was scheduled, but looks like it does the candle color reading. The candle can close blue, but with a tremendous syrup up, clearly...
Hi Robinho,

If you use weekly or daily charts, do you still base your entry off the monthly candle?

Cheers,
Ivan
  • #1,050
  • Feb 18, 2015 6:52am Feb 18, 2015 6:52am
I try it manually
without EA
i take weekly and order in daily ( sl/tp 1/1 around s/r/fibo/pivots )
it gives me good results till now ( 3 days)
will see....
thanks
  • #1,051
  • Feb 18, 2015 6:56am Feb 18, 2015 6:56am
Quoting Ivanyo
{quote} Hi Robinho, If you use weekly or daily charts, do you still base your entry off the monthly candle? Cheers, Ivan
It depends on how many pips in your TP. If we have a high probability of D1 = W1 = MN gain 10 pips, why not wait?

I'm doing entrads by another method at the opening of London and NY and my TP is 05 pips only, but see the high probability of gains. (Post 1021)

Wait D1 = W1 = MN that u will hardly lose.
  • #1,052
  • Feb 18, 2015 7:22am Feb 18, 2015 7:22am
Boa tarde Robinho,

Estou a fazer os testes do teu sistema London Open numa conta demo (que depois informo os resultados), mas estou com uma duvida sobre o horario de entrada...
O sistema chama-se London Open, mas vejo pelos resultados que publicas (no M15) que efectuas negocios durante todo o dia, incluindo de madrugada...
Tinha ficado com a ideia de que deveria aplicar o sistema apenas durante a sessao de Londres... podes esclarecer?

Obrigado e abraco.
  • #1,053
  • Feb 18, 2015 9:06am Feb 18, 2015 9:06am
Quoting Giannigr
{quote} The 20pipsTp and 100sl are the weekly system but for the monthly the tp should be min 60 pips., so this means you have to setup the atr 3 times up. I have bigger profit instead the fix 60 pips because, sometimes i have more then 100 because i setup the pair with the minimum pips. Higher win ratio i have because like the tp is the sl also not fix. The best is to make your own expenimence to find the right way

Hello Giannigr and sorry for the late answer.

Thanks for your input.

Regards
  • #1,054
  • Feb 18, 2015 9:08am Feb 18, 2015 9:08am
Quoting Robinho
{quote} It depends on how many pips in your TP. If we have a high probability of D1 = W1 = MN gain 10 pips, why not wait? I'm doing entrads by another method at the opening of London and NY and my TP is 05 pips only, but see the high probability of gains. (Post 1021) Wait D1 = W1 = MN that u will hardly lose.

Hello Robinho.

What method intraday you are talking about?

Possible to share?

Thanks in advance
  • #1,055
  • Feb 18, 2015 9:18am Feb 18, 2015 9:18am
Quoting Ab4x
{quote} hi howa, Yes i used the Weekly EA V1 the newest one and you have to put it on every chart you want to trade. I went with the default ; did not change anything not even the magic number . Cheers

Thanks for your answer Ab4x.

Regards
  • #1,056
  • Feb 18, 2015 11:20am Feb 18, 2015 11:20am
Quoting vmc
Boa tarde Robinho, Estou a fazer os testes do teu sistema London Open numa conta demo (que depois informo os resultados), mas estou com uma duvida sobre o horario de entrada... O sistema chama-se London Open, mas vejo pelos resultados que publicas (no M15) que efectuas negocios durante todo o dia, incluindo de madrugada... Tinha ficado com a ideia de que deveria aplicar o sistema apenas durante a sessao de Londres... podes esclarecer? Obrigado e abraco.
Semana Passada fiz 56 Entradas e Todas Vitoriosas. Como Estou desempregado e fico fazendo outras coisas no PC, acabo vendo alguma Oportunidade e entro, mas se vc reparar, a grande maioria é em Londres e NY.
  • #1,057
  • Feb 18, 2015 11:39am Feb 18, 2015 11:39am
Quoting howa61
{quote} Hello Robinho. What method intraday you are talking about? Possible to share? Thanks in advance
II do not know the uptime and the ability of each of the forex market, but I see many people who can not make a simple D1 = W1 = MN ... candles closed earlier, a very easy method. I do not know why not believe or why are indiciplinados and can not wait to convergence and are inventing. How can I explain another much more complex method? excuse me. I do not want to stay here after answering the rest of the year.
  • #1,058
  • Feb 18, 2015 3:55pm Feb 18, 2015 3:55pm
please tell me if i am wrong
( pure english)
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-02-18_2348.png Size: 62 KB
  • #1,059
  • Feb 18, 2015 4:21pm Feb 18, 2015 4:21pm
Quoting dimdel
please tell me if i am wrong ( pure english) {image}
Things are very simple and people are seeing a lot of Lobo where only have sheep.
See this NZDCAD time. When the previous monthly candle closes (January) the whole month the indicator recent cadle will be showing the blue previous candle. When the weekly previous candle close blue, the indicator will be showing recent cadle all week that blue previous candle. When she opened the week was only expect a candle D1 blue because the 13/02 (Friday closed red). The candle of the day 16/02 closed blue, was only enter bought on 17/02, so opened the new D1 candle. that day the PENING was 0.9342 and low 0.9312 and a high of 0.9365. It would not be atingico with the stop of 100 pips since arrived only - 30 pips and win 10/20 pips so I had high of 0.9365. The candle of the day 18/02 closed getting agreement blue again with weekly and monthly. We entered purchased at that time. See that opening was 0.9351 and the price at that time already reached 0.9401 ... would have won 10-20 pips. The system is very easy. I put the indicator cadle recent just to facilitate the visualization of previous candles when they are converging. When friends begin to operate, will start recording in their minds as closed monthly and weekly candles ... and will come so close the 1st candle D1 in favor of W1 and MN. is easier to roll down the stairs drunk.
  • #1,060
  • Feb 18, 2015 4:46pm Feb 18, 2015 4:46pm
Quoting dimdel
please tell me if i am wrong ( pure english) {image}
Nice i think you have just explained it all with that pic. I believe you cracked it but also keep in mind psy levels and dojis before you place the trade or skip it. I placed a random trade yesterday following the rules except the time i placed it.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.18.15demo.JPG Size: 15 KB
0 traders viewing now