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Trading is as simple as ABCD

  • #7,601
  • Jul 20, 2015 8:24am Jul 20, 2015 8:24am
Thanks. I read this before but somehow did not work. Now it does.

Took 2 fast trades. Got out fast, as I always like to do.

Sell stop at the low -1 pip. 7,7 and 6,2 pips

Attached Image (click to enlarge)
Click to Enlarge Name: 001 NZDUSDM1.png Size: 46 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 002 AUDUSDM1.png Size: 47 KB
  • #7,602
  • Jul 20, 2015 8:45am Jul 20, 2015 8:45am
ea took this ucad trade of of the 5 min upper band. this ea is not ready to share yet. manually closed it at 8 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.png Size: 38 KB
  • #7,603
  • Jul 20, 2015 1:53pm Jul 20, 2015 1:53pm
Hello All,

I have been testing the system in demo account.
Will post charts at each opportunity.

USDCAD trade taken.
5/15 TMA lower band breached.
Possible reversal here since USDCAD appears to be ranging.
Decided to wait for 1min TMA center to green before going Long.

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-20-11-22-20_OPEN.png Size: 55 KB




USDCAD trade closed as it nears round number.

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-20-13-58-04_FF.png Size: 56 KB



Profit =17pips
  • #7,604
  • Jul 20, 2015 2:02pm Jul 20, 2015 2:02pm
GBPUSD trade taken.
5/15 TMA upper band breached.
Possible reversal here since GBPUSD has been heading downward short term.
Decided to wait for 1min TMA center to turn red before going Short.

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-20-11-23-29_OPEN.png Size: 56 KB



GBPUSD closed as it neared some possible support at 1.5575

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-20-13-19-09_FF.png Size: 57 KB



Profit = 10pips (as can be seen from image, also picked up 17pips earlier)
  • #7,605
  • Jul 20, 2015 2:07pm Jul 20, 2015 2:07pm
GBPJPY trade taken.
5/15 TMA upper band breached.
Possible reversal here since GBPJPY has been ranging short term.
Decided to wait for 1min TMA center to turn red before going Short.

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-20-11-32-43_OPEN.png Size: 57 KB



GBPJPY closed as it neared some possible at round number

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-20-13-25-19_FF.png Size: 56 KB



Profit = 10pips
  • #7,606
  • Jul 21, 2015 7:35am Jul 21, 2015 7:35am
Hello!
I'd like to thank Clive for this great strategy. I've (re)written two indicators, that may help visually "backtest" this system.
FastTMALineBT - when you scroll the chart back, FastTMALineBT repaints and the end (repaiinting part) looks like during live trading. To disable this feature set Testing parameter to false.
You can also scroll the chart by one bar using the keyboard - pressing "z" and "x" keys.
I haven't tested it on TimeFrame NOT equal to period. For M5 TMA you may use:
TimeFrame = "Current";
TMAPeriod = 280 (56 * 5)
ATRMultiplier = 5
ATRPeriod = 500 (100 * 5)
Clives Strongest Weakest Tape - draws historical strength of a currency pair (e.g. EURUSD). Upper color = strenght of the first currency (EUR), bottom color = strenght of the second currency (USD).
And the third indicator CCI_nuf_v4 uses different colors to draw different levels of CCI.
Maybe these indis will be useful.
Best regards!
Attached File(s)
File Type: mq4 FastTMALineBT.mq4   22 KB | 238 downloads
File Type: mq4 Clives Strongest Weakest Tape.mq4   22 KB | 301 downloads
File Type: mq4 CCI_nuf_v4.mq4   5 KB | 275 downloads
  • #7,607
  • Jul 21, 2015 8:16am Jul 21, 2015 8:16am
[quote=bartmichael;8392290]Hello! I'd like to thank Clive for this great strategy. I've (re)written two indicators, that may help visually "backtest" this system. FastTMALineBT - when you scroll the chart back, FastTMALineBT repaints and the end (repaiinting part) looks like during live trading. To disable this feature set Testing parameter to false. You can also scroll the chart by one bar using the keyboard - pressing "z" and "x" keys. I haven't tested it on TimeFrame NOT equal to period. For M5 TMA you may use: TimeFrame = "Current"; TMAPeriod = 280 (56 * 5) ATRMultiplier = 5 ATRPeriod = 500 (100 * 5) Clives Strongest Weakest Tape - draws historical strength of a currency pair (e.g. EURUSD). Upper color = strenght of the first currency (EUR), bottom color = strenght of the second currency (USD). And the third indicator CCI_nuf_v4 uses different colors to draw different levels of CCI. Maybe these indis will be useful. Best regards! {file} {file} {file}[/quo
will check these out thanks.
  • #7,608
  • Edited 8:30am Jul 21, 2015 8:19am | Edited 8:30am
eu top band short. recovery orders in place just in case the spike lasts. first one triggered
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU1.png Size: 46 KB
Click to Enlarge Name: eu2.png Size: 49 KB
  • #7,609
  • Jul 21, 2015 9:09am Jul 21, 2015 9:09am
2 more recovery trades taken way outside the bands with brn in play
Attached Image (click to enlarge)
Click to Enlarge Name: eu3.png Size: 48 KB
  • #7,610
  • Jul 21, 2015 9:53am Jul 21, 2015 9:53am
Quoting XxLessoxX
eu top band short. recovery orders in place just in case the spike lasts. first one triggered {image} {image}
I actually took the opposite approach here.

EURUSD trade opened.
5/15 TMA upper band breached.
Possible continuation here since EURUSD has been bullish short term.
Decided to wait for 1min TMA center to turn back to green before going Long

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-21-09-51-33_OPEN.png Size: 53 KB



EURUSD closed as it hits round number

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-21-09-59-37_FF.png Size: 53 KB



Profit = 15pips
  • #7,611
  • Jul 21, 2015 9:57am Jul 21, 2015 9:57am
NZDCAD trade opened.
5/15 TMA lower band breached.
Possible reversal here since NZDCAD has been bullish short term.
Decided to wait for 1min TMA center to turn back to green before going Long


Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-21-08-58-05_OPEN.png Size: 60 KB



NZDCAD closed as it reaches upper 5min TMA band

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-21-10-00-34_FF.png Size: 61 KB



Profit = 12pips
  • #7,612
  • Jul 21, 2015 10:02am Jul 21, 2015 10:02am
this spike is caused by a news release that wasnt listed on FF. my break even number for recovery is 1.0900. its not really all that worrisome for me. if anything the price will prob be back to 1.0875 by the Asia session. i dont really like holding that long, but im ok all the way to 1.1050. moral of the story dont over-leverage and have a contingency plan in place. price will soon be back to 1.09, and i may close at BE there or wait for another test of 1.0875
Attached Image (click to enlarge)
Click to Enlarge Name: eu4.png Size: 50 KB
  • #7,613
  • Jul 21, 2015 10:04am Jul 21, 2015 10:04am
Quoting AJLFx
{quote} I actually took the opposite approach here. EURUSD trade opened. 5/15 TMA upper band breached. Possible continuation here since EURUSD has been bullish short term. Decided to wait for 1min TMA center to turn back to green before going Long {image} EURUSD closed as it hits round number {image} Profit = 15pips
unless you knew about the news release a long at the top of the bands are risky.
  • #7,614
  • Jul 21, 2015 10:12am Jul 21, 2015 10:12am
NZDUSD trade opened.
5/15 TMA lower band breached.
Possible reversal here since NZDUSD has been bullish short term.
Decided to wait for 1min TMA center to turn back to green before going Long


Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-21-08-58-27_OPEN.png Size: 61 KB



NZDUSD closed as it reaches upper 5min TMA band

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-21-09-53-08_FF.png Size: 60 KB



Profit = 10pips
  • #7,615
  • Jul 21, 2015 10:20am Jul 21, 2015 10:20am
Quoting XxLessoxX
{quote} unless you knew about the news release a long at the top of the bands are risky.
I actually did not know about the news release.

I trade based on possible probabilities ... since EURUSD was already making upward move (even through LO session), then to me there is a good chance that it would try to reach 1.0900.

If it did not, then like you I would start initiating recovery trades.
The recent upward move (LO session) would make recovery trades more probable because of support that would have been created at various areas.
  • #7,616
  • Jul 21, 2015 10:22am Jul 21, 2015 10:22am
Quoting XxLessoxX
{quote} unless you knew about the news release a long at the top of the bands are risky.
So where did you find that information? :X

I was bit worried about you but seems momentum is fadin away.
  • #7,617
  • Jul 21, 2015 10:25am Jul 21, 2015 10:25am
Quoting XxLessoxX
this spike is caused by a news release that wasnt listed on FF. my break even number for recovery is 1.0900. its not really all that worrisome for me. if anything the price will prob be back to 1.0875 by the Asia session. i dont really like holding that long, but im ok all the way to 1.1050. moral of the story dont over-leverage and have a contingency plan in place. price will soon be back to 1.09, and i may close at BE there or wait for another test of 1.0875 {image}

I agree with and practice that concept.

Don't over leverage, and use good Money Management.

Using "recovery" technique with good MM I have still taken a loss, but the loss was acceptable.
Yet I made all the pips I lost back within 1-2 weeks.
  • #7,618
  • Jul 21, 2015 10:28am Jul 21, 2015 10:28am
My trades for the day:

EURUSD = 15 pips
NZDCAD = 10 pips
NZDUSD = 10 pips


Today's profit = 35pips
  • #7,619
  • Jul 21, 2015 1:28pm Jul 21, 2015 1:28pm
Quoting AJLFx
My trades for the day: EURUSD = 15 pips NZDCAD = 10 pips NZDUSD = 10 pips Today's profit = 35pips
NICE JOB!!
  • #7,620
  • Edited 4:11am Jul 22, 2015 3:24am | Edited 4:11am
I have tried to read through the posts from the beginning but it is godamm much,however i believe the ABCD strategy works well on higher TF. The ABCD strategy has some variants of butterfly,gartley,crab and bat with their mathematical calculations.It is best combined with fib. numbers and candle stick formation. Clives,xxlesonx,ajlfx,johnypant,donika,vantage,denisson,amyda etc
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