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Ali's forex strategy

  • #41
  • Edited 3:49am Oct 10, 2015 3:37am | Edited 3:49am
People you Never go for signals or analysis services ....
Create your own signals
No struggle for new and new strategies if you found one perfect then follow it and never search for new always trade on it and not compare your signals or analysis with other websites or people and never ever breaks your rules in trading.........

Money management rules :
100$ = 0.01 lot size
200$ = 0.02
300$ = 0.03
.
.
.
1000$ = 0.10
.
.
and so on

Always follow these rules
  • #42
  • Oct 10, 2015 3:41am Oct 10, 2015 3:41am
Some times i get 50% of my account within 2 days and some times 25% within two days .
Its all depends on market situation.
Practice this strategy on Demo accounts with my rules and follow my daily guidelines.
  • #43
  • Oct 10, 2015 3:42am Oct 10, 2015 3:42am
Thanks for sharing your system.
Subscribed.
  • #44
  • Oct 10, 2015 4:04am Oct 10, 2015 4:04am
Quoting our4link
Some times i get 50% of my account within 2 days and some times 25% within two days . Its all depends on market situation. Practice this strategy on Demo accounts with my rules and follow my daily guidelines.
Another concern, my friend.

A veteran trader will immediately read this and tell you that your leverage is too high. And I would bet that you are not trading the pair that gets you the best bang for your buck. So my question is, how much leverage are you using? Just putting questions out there.
If you are good at something, never do it for free--Joker
  • #45
  • Oct 10, 2015 4:05am Oct 10, 2015 4:05am
Quoting our4link
Some times i get 50% of my account within 2 days and some times 25% within two days . Its all depends on market situation. Practice this strategy on Demo accounts with my rules and follow my daily guidelines.
When you say 50% of my account, you mean you can make 50K account to 75K. Waiting for market to open to try your system.
If it works this would be the easiest system that I know.

I am attaching a Chart that you shared please mark Stop loss.
Attached Image (click to enlarge)
Click to Enlarge Name: ALI's Chart.PNG Size: 33 KB



Thanks again for sharing!!!!!
  • #46
  • Oct 10, 2015 4:21am Oct 10, 2015 4:21am
Subbed! I was in the proces of building a system based on combining strenght meters and demark trendlines. Eager to learn your method, goodluck.
  • #47
  • Oct 10, 2015 5:07am Oct 10, 2015 5:07am
Quoting basit1
{quote} When you say 50% of my account, you mean you can make 50K account to 75K. Waiting for market to open to try your system. If it works this would be the easiest system that I know. I am attaching a Chart that you shared please mark Stop loss.{image} Thanks again for sharing!!!!!
Stop loss should previous high in sell case and previous low in buy case......
  • #48
  • Oct 10, 2015 5:26am Oct 10, 2015 5:26am
Quoting our4link
Some times i get 50% of my account within 2 days and some times 25% within two days . Its all depends on market situation. Practice this strategy on Demo accounts with my rules and follow my daily guidelines.
How many pairs do you trade ?
  • #49
  • Oct 10, 2015 5:31am Oct 10, 2015 5:31am
Quoting Traffex
{quote} How many pairs do you trade ?
All currencies , commodities But mostly EURUSD EURJYP USDJYP GBPUSD USDCAD GOLD and SILVER
  • #50
  • Edited 6:11am Oct 10, 2015 5:36am | Edited 6:11am
Complete example of BUY trade

When trend line break above by bull candle
and
Bar signal maximum green (H1 H4 D1)

and
Moving average below the price
and
RSI not above 80 level
And
check power meter
so you are ready to place a but trade now
Complete example of Sell trade

When trend line break below by Sell candle
and
and Bar signal maximum red (H1 H4 D1)

and
Moving average below the price
and
RSI not below 80 level
And
check power meter
NOw you are ready to place sell order
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 29 KB
Click to Enlarge Name: Image2.png Size: 25 KB
Attached Images
  • #51
  • Oct 10, 2015 6:37am Oct 10, 2015 6:37am
Quoting our4link
{quote} All currencies , commodities But mostly EURUSD EURJYP USDJYP GBPUSD USDCAD GOLD and SILVER
How many trades do you have a day on average ? Do you look all hours to all charts for new trendlines/breaks ? If interested, I have an trendline-indicator with alert.

Can you show us your targets on next charts ?

The signal bars indicator shows no D1 ??
  • #52
  • Oct 10, 2015 6:47am Oct 10, 2015 6:47am
I don't have D1 on my signal bar indicator too.
Don't change something that work!
  • #53
  • Oct 10, 2015 8:16am Oct 10, 2015 8:16am
Thanks to Ali for giving us something quite interesting to look at.

I am in no way attempting to change this thread. What I’m showing here is simply what I’ve been looking at. We must all work toward trading in a manner that makes sense to us. So please take the time to experiment, backtest, demo (or small live) forward test. Once you are convinced you have something you Understand, and can be successful with, proceed. If you can not master any set up, do more work on it, or move on.

Once I started looking at Ali’s set up, I began trying different time frames. This led me try other moving averages. I found the 18 ema to my liking.

This example is using the EurJpy. The time period (maroon box) is the first 5 hours of the Asia session beginning with Tokyo Open @ 2000 (8pm EDT, 0000 GMT [I think]).

• Entry is 1 pip above High of first candle to close above 18 ema.
• Stop Loss is a close Below 18 ema. This makes for very low stops.

• On M5 I would probably use 2 positions, this time of day, and take 5 pips profit on one position, and use my best judgement, and other support/resistance lines, pivots, etc., to take remainder of profit.

• Another way is to wait for price to come back and touch 18 ema to take second position profit. Some times there will be strong moves you can take advantage of.

Chart should be helpful.
Darryl
Attached Image (click to enlarge)
Click to Enlarge Name: EJ M5 99_18.png Size: 80 KB
  • #54
  • Oct 10, 2015 11:14am Oct 10, 2015 11:14am
Hi Ali,
General question: do you wait for a 'closed' bar on the break of the trendline or just an interbar break of it?
Thanks for the clarification.
WGT
  • #55
  • Oct 10, 2015 11:34am Oct 10, 2015 11:34am
Quoting wiseguytrade
Hi Ali, General question: do you wait for a 'closed' bar on the break of the trendline or just an interbar break of it? Thanks for the clarification. WGT
I always wait for price to break trend line and then close it if it not close below or above price then i not enter trade.
Recommendation : Wait for candle to close below or above trendline
  • #56
  • Oct 10, 2015 12:21pm Oct 10, 2015 12:21pm
Quoting our4link
Complete example of BUY trade When trend line break above by bull candle and Bar signal maximum green (H1 H4 D1) and Moving average below the price and RSI not above 80 level And check power meter so you are ready to place a but trade now Complete example of Sell trade When trend line break below by Sell candle and and Bar signal maximum red (H1 H4 D1) and Moving average below the price and RSI not below 80 level And check power meter NOw you are ready to place sell order
tipo? did you mean . .. above
Humble & Kalcker CLO2 = Covid killer
  • #57
  • Oct 10, 2015 2:21pm Oct 10, 2015 2:21pm
Quoting jusiur
{quote} tipo? did you mean . .. above
Hi jusiur


Your understanding is correct.. Price is "below" the Moving Average.

--Chandan
  • #58
  • Oct 10, 2015 4:31pm Oct 10, 2015 4:31pm
I've been reviewing some of trades I took during the week and comparing them with this strategy, I really like the simplicity and potential. This sample EURaud sell was good for about 140 pips......on my strategy I used the 5 min but there was like a 60 pip DD.....on the 1hr chart with Ali's strategy, I clearly entered into the trade prematurely.....just to make sure I'm understanding Ali's strategy, exactly where would I have entered....I know it's below the 50 ema, but where would the tl be drawn.....just trying to make sure I am on the same page..Anyone willing to help....thanks in advance!
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDecnH1.png Size: 39 KB
  • #59
  • Edited 10:29pm Oct 10, 2015 8:16pm | Edited 10:29pm
Quoting jmn5611
{quote} Another concern, my friend. A veteran trader will immediately read this and tell you that your leverage is too high. And I would bet that you are not trading the pair that gets you the best bang for your buck. So my question is, how much leverage are you using? Just putting questions out there.
Agreed.
  • #60
  • Oct 10, 2015 9:39pm Oct 10, 2015 9:39pm
Quoting 4xplosion
I've been reviewing some of trades I took during the week and comparing them with this strategy, I really like the simplicity and potential. This sample EURaud sell was good for about 140 pips......on my strategy I used the 5 min but there was like a 60 pip DD.....on the 1hr chart with Ali's strategy, I clearly entered into the trade prematurely.....just to make sure I'm understanding Ali's strategy, exactly where would I have entered....I know it's below the 50 ema, but where would the tl be drawn.....just trying to make sure I am on the same page..Anyone...
Don't know how this system will pan out but it at least makes sense. Basically wait until indicators (trend) is in a certain direction and enter trade in that direction, simple. really the trend line break out may not mean much.
Anyway in the picture you posted the trend line is in white and the entry in blue.......that is if all the indicators were correct at that time (which i doubt) as the indicators in the pic are some 30 hrs past the actual entry.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDecnH1.png Size: 49 KB
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