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Follow the monthly candle and be profitable

  • #1,841
  • May 14, 2015 4:17pm May 14, 2015 4:17pm
Quoting iwan73
And by the way, what does it mean. I dont understand this sentence: "We were 1stsail Monthly closed in the next couple" With respect Iwan
I was thinking, because he previously mentioned using a translator, that perhaps the word SELL was changed into SAIL ???

Or maybe just a TYPO (typing mistake) ???

Anyway, it's Friday, hope your trades are sailing away like Johnny Depp from Australia
It takes a lot for me to IGNORE you, but you can try.
  • #1,842
  • May 14, 2015 4:37pm May 14, 2015 4:37pm
Quoting pret
Hi Iwan Whichb EA are you using
See post 1750
  • #1,843
  • May 14, 2015 4:39pm May 14, 2015 4:39pm
Quoting Erebus
{quote} I was thinking, because he previously mentioned using a translator, that perhaps the word SELL was changed into SAIL ??? Or maybe just a TYPO (typing mistake) ??? Anyway, it's Friday, hope your trades are sailing away like Johnny Depp from Australia
Maybe it is good concept.
Erebus, do you still trade D1 signals? If yes, do you have more or less the same results as mine.
  • #1,844
  • May 14, 2015 5:02pm May 14, 2015 5:02pm
Quoting iwan73
{quote} Maybe it is good concept. Erebus, do you still trade D1 signals? If yes, do you have more or less the same results as mine.
I'm finding trend on daily and trading 4 hours like this, good luck and happy Friday to all

Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15-05-2015 7-00-46 AM.png Size: 214 KB
Click to Enlarge Name: 15-05-2015 7-02-02 AM.png Size: 308 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,845
  • May 14, 2015 5:10pm May 14, 2015 5:10pm
This will be good one if it goes up 200 / 250 pips today

But we are getting off topic for thread, back to Monthly Candles

Bye
Attached Image (click to enlarge)
Click to Enlarge Name: 15-05-2015 8-05-20 AM.png Size: 173 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,846
  • May 15, 2015 6:59am May 15, 2015 6:59am
Quoting iwan73
{quote} See post 1750
Thanks for the reply Iwan
Do u open the trades manually
regards
Gert
  • #1,847
  • May 15, 2015 8:58am May 15, 2015 8:58am
Quoting pret
{quote} Thanks for the reply Iwan Do u open the trades manually regards Gert
As you know it is all about pending orders which i put manually evey evening.
  • #1,848
  • May 15, 2015 10:06am May 15, 2015 10:06am
Quoting iwan73
{quote} As you know it is all about pending orders which i put manually evey evening.
Hi Iwan
Yes i do as well my broker candle opens at 23h00 my time
Do u place a SL and TP when using the EA or do u wait for the EA to close trades as per the percentage input
My second day using this strategy on daily color change, so far it is doing very well
  • #1,849
  • May 15, 2015 12:49pm May 15, 2015 12:49pm
I set TP 50 pips and SL 100 pips.
  • #1,850
  • May 16, 2015 12:44pm May 16, 2015 12:44pm
Quoting Erebus
{quote} I'm finding trend on daily and trading 4 hours like this, good luck and happy Friday to all {image} {image}
Hi, can you kindly share your template for H4 and Daily Please?

Thanks!
  • #1,851
  • May 16, 2015 7:19pm May 16, 2015 7:19pm
Quoting naveel
{quote} Hi, can you kindly share your template for H4 and Daily Please? Thanks!
Daily: 10 EMA, 20 EMA

4 Hour: 40 EMA, 110 EMA, Williams % Range (standard MT4 settings)

That's basic, rest is eye candy, you can put your own choice

Read this thread, give you an idea behind the setup, and many other ideas too

http://www.forexfactory.com/showthread.php?t=425041

And this thread for how to read PRICE ACTION

http://www.forexfactory.com/showthread.php?t=437427
It takes a lot for me to IGNORE you, but you can try.
  • #1,852
  • May 17, 2015 7:47am May 17, 2015 7:47am
Quoting Erebus
{quote} Daily: 10 EMA, 20 EMA 4 Hour: 40 EMA, 110 EMA, Williams % Range (standard MT4 settings) That's basic, rest is eye candy, you can put your own choice Read this thread, give you an idea behind the setup, and many other ideas too http://www.forexfactory.com/showthread.php?t=425041 And this thread for how to read PRICE ACTION http://www.forexfactory.com/showthread.php?t=437427
Thanks!!!
  • #1,853
  • Edited May 19, 2015 3:49am May 18, 2015 6:06am | Edited May 19, 2015 3:49am
EDIT: Data below has been updated so the NZDUSD pair is included!

Hi everyone,

I have paper traded this method for 2 weeks now. I just want to show the potential of this method if you're not already aware of it.

Broker: Tickmill
TP: 50 pips
SL: 100 pips
TS: None
28 pairs
Trades are closed at the close of the daily candle, no matter profit or loss.

Winners: 101
Losers: 23
N/T - Not traded: 181

Profit 2 weeks: 3489 pips

Updated 19-5-2015

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 83 KB


Updated 19-5-2015

Attached File(s)
File Type: xls TradingRecord.xls   43 KB | 316 downloads
Blindly following others will make you blind!
  • #1,854
  • May 18, 2015 6:18am May 18, 2015 6:18am
Quoting Georgebaker
Hi everyone, I have paper traded this method for 2 weeks now. I just want to show the potential of this method if you're not already aware of it. Broker: Tickmill TP: 50 pips SL: 100 pips TS: None 27 pairs Winners: 99 Losers: 22 N/T - Not traded: 173 Profit 2 weeks: 3439 pips {image} {file}
they are looking for these results on the DAILY thread here ---->

http://www.forexfactory.com/showthread.php?t=537112
It takes a lot for me to IGNORE you, but you can try.
  • #1,855
  • May 18, 2015 6:34am May 18, 2015 6:34am
Quoting Erebus
{quote} they are looking for these results on the DAILY thread here ----> http://www.forexfactory.com/showthread.php?t=537112
Thanks Erebus!

I will post there as well
Blindly following others will make you blind!
  • #1,856
  • May 18, 2015 6:55am May 18, 2015 6:55am
Quoting Georgebaker
{quote} Thanks Erebus! I will post there as well
OH, that's good, some question then:

1. Are you trading on the open of next day or breakouts of high / low?

2. Did you consider trade for equal 100 pips profit?

3. Why not NZD-USD?

Some days the EURUSD will make you good profit with no drawdown

Myself, I think I will follow with your great spreadsheet, but try for TP / SL of 1 x ADR pips

Thanks for the information!
It takes a lot for me to IGNORE you, but you can try.
  • #1,857
  • May 18, 2015 7:26am May 18, 2015 7:26am
Quoting Erebus
{quote} OH, that's good, some question then: 1. Are you trading on the open of next day or breakouts of high / low? 2. Did you consider trade for equal 100 pips profit? 3. Why not NZD-USD? Some days the EURUSD will make you good profit with no drawdown Myself, I think I will follow with your great spreadsheet, but try for TP / SL of 1 x ADR pips Thanks for the information!
I follow Robinho's method except with the trailing stop.

1. Open of the next day. Not trading the breakout of high / low.

2. Yes i did think about taking trading for eqaual 100pips or more, because many days price moves over 100 pips, but first i just needed to know if this was profitable or not.

3. My mistake, i know i was missing one pair. I will update the spreadsheet so NZDUSD is included.

You might get more out of using trail stop of x pips (i have tried with 225 pips and i saw many days without loss or very small losses)

You're welcome
Blindly following others will make you blind!
  • #1,858
  • May 18, 2015 7:46am May 18, 2015 7:46am
Post 1853 has been updated so it now includes the NZDUSD pair.

So instead of 27 pair we have 28 pair
Blindly following others will make you blind!
  • #1,859
  • May 18, 2015 1:37pm May 18, 2015 1:37pm
Quoting Georgebaker
EDIT: Data below has been updated so the NZDUSD pair is included! Hi everyone, I have paper traded this method for 2 weeks now. I just want to show the potential of this method if you're not already aware of it. Broker: Tickmill TP: 50 pips SL: 100 pips TS: None 28 pairs Winners: 101 Losers: 24 N/T - Not traded: 180 Profit 2 weeks: 3417 pips {image} {file}

I took just a short look at your .xls file and i have found sth strange.
How did you win 50 pips on 15th of May on A/Ch?
I didnt chack other trades.
I attach screenshoot of my demo trade to better ilustrate my question.
Attached Image (click to enlarge)
Click to Enlarge Name: Bzzzz.png Size: 54 KB
  • #1,860
  • Edited 5:17pm May 18, 2015 3:37pm | Edited 5:17pm
Quoting iwan73
{quote} I took just a short look at your .xls file and i have found sth strange. How did you win 50 pips on 15th of May on A/Ch? I didnt chack other trades. I attach screenshoot of my demo trade to better ilustrate my question. {image}
@Iwan - Well spotted - My mistake, it's only 22pips profit that day.
Blindly following others will make you blind!
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