Follow the monthly candle and be profitable | Page 92 | Forex Factory

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Follow the monthly candle and be profitable

  • #1,821
  • May 6, 2015 5:26pm May 6, 2015 5:26pm
I agree Robinho, I thank you for sharing this gem with us))))))
  • #1,822
  • May 6, 2015 5:28pm May 6, 2015 5:28pm
The only thing an ea would do would save time but like you say for the little time it takes to enter , why bother with an EA. Waste of money as far as I am concerned )))))
  • #1,823
  • May 6, 2015 6:32pm May 6, 2015 6:32pm
Can this be implemented only on few pairs instead of 27 pairs? I want to give a try on this system. If yes, what are the good pairs for a basket?
  • #1,824
  • May 6, 2015 7:11pm May 6, 2015 7:11pm
Read the thread you lazy spammer)))))))))))
  • #1,825
  • May 8, 2015 4:56am May 8, 2015 4:56am
Quoting iwan73
I noticed that for few last days when i open my PC in the morning (during first hour of Frankfurt sesion) my account is in profit. This profit almost everyday is reduced by loss trades during next hours . Thats why i closed all trades manually when profit was hughe. {image}
Yesterday's trades dont proof that theory
Evetything has happened during night.
Attached Image (click to enlarge)
Click to Enlarge Name: zyski.png Size: 34 KB
  • #1,826
  • May 9, 2015 5:29am May 9, 2015 5:29am
u/j was a loss , net 520pips so far
  • #1,827
  • May 9, 2015 1:43pm May 9, 2015 1:43pm
Quoting sheppy
u/j was a loss , net 520pips so far
How did you lose 520 pips?

1st) the stop is 100 pips

2nd) The top of the USDJPY pair month is 120.50 and low of 119.05 (145 pips difference) how can you lose 520 pips? pips would be 52? and even if it was 52 pips ... the stop is not 100 pips?

3rd) If you had followed the rules D1 this week would have won 02 times (see images)

Note 01- The big problem here is that do not follow the rules, are shifting the focus and ask for the opportunities.

Note 02 - something else ... In the forex market, has lots of new people, looking to get rich overnight. Nobody wants to read and study. I'm in the forex market since 2007, and every day I learn more. read things first.
Attached Image (click to enlarge)
Click to Enlarge Name: USD JPY D1.png Size: 260 KB
  • #1,828
  • May 9, 2015 1:45pm May 9, 2015 1:45pm
I am net 520 pips profit, I posted I was up 620 the other day and then had a 100 pip loser on the u/j)))))
  • #1,829
  • May 9, 2015 1:46pm May 9, 2015 1:46pm
I am following the rules))) Only trading once a month as per original rules of thread))))))
  • #1,830
  • May 9, 2015 1:48pm May 9, 2015 1:48pm
Net 520 pips is positive -520pips is loss )))) Robinho))))))))) UI am a fan and follower of the method , you jumped to conclusions my friend. I do understand though as so many have been trying to reinvent the wheel)))
  • #1,831
  • May 11, 2015 8:22am May 11, 2015 8:22am
Quoting sheppy
Net 520 pips is positive -520pips is loss )))) Robinho))))))))) UI am a fan and follower of the method , you jumped to conclusions my friend. I do understand though as so many have been trying to reinvent the wheel)))
I guess language barrier helps to that matter too.
  • #1,832
  • May 11, 2015 4:30pm May 11, 2015 4:30pm
When loss exceed 5% all pending orders were canceled by EA.
Attached Image (click to enlarge)
Click to Enlarge Name: zyski.png Size: 43 KB
  • #1,833
  • May 11, 2015 6:42pm May 11, 2015 6:42pm
Over 2,000pips just 19 trades...

http://www.forexfactory.com/showthre...59#post8256359
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #1,834
  • May 12, 2015 3:32pm May 12, 2015 3:32pm
Good start, poor finish.
Attached Image (click to enlarge)
Click to Enlarge Name: zyski.png Size: 37 KB
  • #1,835
  • May 13, 2015 6:34am May 13, 2015 6:34am
Today results
EA closed all trades when total loss was 5%.
Attached Image (click to enlarge)
Click to Enlarge Name: zyski.png Size: 40 KB
  • #1,836
  • May 13, 2015 1:23pm May 13, 2015 1:23pm
EA (EXPERTS) ?

Are you kidding?

Look at the monthly candle last month as closed and look like they are now.
We were 1st sail Monthly closed in the next couple.

EURUSD, EURJPY, GBPUSD, GBPJPY, USDCHF, CHFJPY, USDCAD, CADJPY, AUDUSD, AUDJPY.

We had THE DIRECTION OF CHANGE OF MONTHLY CANDLE IN SUCH COUPLE WITH CLOSING THE PAST MONTH. WHERE IS GOING THE CANDLES OF THIS MONTH?

VERY EASY AND ARE FRIENDS Inventing. WITHOUT ANY NEED INDICATOR.

ALL GIVING OVER 100 PIPS ... OVER 200 PIPS SOME (AUDUSD, GBPJPY, CHFJPY).

WHY EXPERTS IN THIS METHOD? ... JUST 01 ENTERING THE MONTH.
  • #1,837
  • May 14, 2015 5:44am May 14, 2015 5:44am
This EA is not for setting pending orders. I set orders manually every evening.

If price move for 35 pips in right direction this EA move SL to BE. Additionaly EA close all trades and pending orders when basket loss is bigger than 5% of account OR if profit is bigger than 10%.

And by the way, what does it mean. I dont understand this sentence:
"We were 1st sail Monthly closed in the next couple"

With respect
Iwan
  • #1,838
  • May 14, 2015 6:37am May 14, 2015 6:37am
Quoting iwan73
This EA is not for setting pending orders. I set orders manually every evening. If price move for 35 pips in right direction this EA move SL to BE. Additionaly EA close all trades and pending orders when basket loss is bigger than 5% of account OR if profit is bigger than 10%. And by the way, what does it mean. I dont understand this sentence: "We were 1st sail Monthly closed in the next couple" With respect Iwan
1st candle closed, changed the direction. Went so opens the month in the direction of the previous candle.

See EURUSD.

See the couple I mentioned in the post 1836

A hug.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD MN.png Size: 258 KB
  • #1,839
  • May 14, 2015 7:49am May 14, 2015 7:49am
That long eur/usd trade did get stopped out unfortunately for 100 pip loss
  • #1,840
  • May 14, 2015 10:39am May 14, 2015 10:39am
Hi Iwan
Whichb EA are you using
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