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FX Dynamite

  • #21
  • Mar 4, 2016 7:25pm Mar 4, 2016 7:25pm
Quoting anklerep
subscribed.... seems very simple although ur entry and exit is unclear to me....
Lol, it was 2 Am here when I wrote this, needed some sleep, but no worries next week will give you a clear entry.

V
Precise Execution!
  • #22
  • Mar 4, 2016 7:28pm Mar 4, 2016 7:28pm
Quoting Jakepuia
I am happy to hear that you are really a man of a great heart. I appreciate your willingness to help other people who are in need of help. I think I am.now.fully understand your strategy and I will practice again in.my demo and will.come.back to my real account when I can control myself not to gamble with forex. Will keep an eye of all your posts.. Thanks again for this thread.
Thankyou so much for your kind words, try to post your charts here if possible 😊

V
Precise Execution!
  • #23
  • Mar 4, 2016 9:45pm Mar 4, 2016 9:45pm
Hello Varun
Thank you for your sharing. Through your system I have finally found the right way of reading charts. I can't thank you enough to have helped me with this insight. God bless you Varun. Happy pipping!
  • #24
  • Mar 4, 2016 10:41pm Mar 4, 2016 10:41pm
Quoting chrisngch
Hello Varun Thank you for your sharing. Through your system I have finally found the right way of reading charts. I can't thank you enough to have helped me with this insight. God bless you Varun. Happy pipping!
You're welcome Chris, there's a lot more good stuff to be added here in future, stay updated


I wish you success
V
Precise Execution!
  • #25
  • Mar 4, 2016 11:15pm Mar 4, 2016 11:15pm
Quoting varun76
{quote} You're welcome Chris, there's a lot more good stuff to be added here in future, stay updated I wish you success V
Great thread and easy to follow strategy....thanks V

Could I kindly ask a quick question...Do you pay any attention to the Stoch on the lower (1H) tf to refine entries at all?
  • #26
  • Mar 4, 2016 11:44pm Mar 4, 2016 11:44pm
Quoting gwindy
{quote} Great thread and easy to follow strategy....thanks V Could I kindly ask a quick question...Do you pay any attention to the Stoch on the lower (1H) tf to refine entries at all?
Thankyou gwindy, Not at all. I don't care about stoch in 1hr tf, but its better to enter short when the stoch comming from top and vise versa.

V
Precise Execution!
  • #27
  • Mar 5, 2016 12:50am Mar 5, 2016 12:50am
Quoting varun76
..........
I divide MM into 4 stages which is followed every month. 1st Week - 0.01 Lot for every $200 2nd week - 0.01 Lot for every $100 3rd week - 0.02 Lot for every $100 4th week - 0.03 Lot for every $100 Rinse, Repeat Indicators Used in this system........
Can you pls explain further the meaning of the above MM system.......tnx
  • #28
  • Mar 5, 2016 2:38am Mar 5, 2016 2:38am
i would like to say many thanks for the advice Mr. Varun by giving strength and encouragement to move on.
thanks once again Sir
  • #29
  • Mar 5, 2016 3:04am Mar 5, 2016 3:04am
Hi V
Thanks for the sharing, subscribed
I am also unclear of the exact entry and exit point, and also can you share with us the reason for the MM to be increasing this way for each week?

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 61 KB

Uploaded a screenshot as a practice. According to H4 chart, it has reach LL and LH with the zigzag stopping at one bar before. This might be a little weak and preffered to see a few bar mores to confirm LH.
Assuming that it is LH, and the stochastic is currently above 70, then i'll proceed to H1 chart. Currently the price is above all MA, I should only sell when price go below these MA, ignoring stochastic in 1H chart, is this analysis correct?
  • #30
  • Mar 5, 2016 3:06am Mar 5, 2016 3:06am
hello varun.
thank you for sharing great system . . .i have question. . .what pair should i trade?
  • #31
  • Mar 5, 2016 3:07am Mar 5, 2016 3:07am
Quoting fxenthusiast
{quote} Can you pls explain further the meaning of the above MM system.......tnx
Hey fx,

Its very simple and recommended for newbies with a conservative approach

Say , you have $1000 to start, here what you should follow for a month.

Month 1 initial Balance $1000

1st week - 0.01 for every $200 = 0.05 Lot per trade, and assume you made $100 (forget it)
2nd week - 0.01 for every $100 = 0.10 Lot per trade, assume you made $200 (again forget it )
3rd week - 0.02 - for every $100 = 0.15 Lot per trade, assume you made $300 (forget it once again)
4th week - 0.03 for every $100 = 0.20 Lot per trade, assume you made $400 ( forget it for the last time) (People with conservative approach may continue with 3rd week's Lot per trade)

Month Two Initial Balance $2000

Rinse and Repeat.

I have created this strategy keeping in mind the system's outcome, For few it may bit aggressive, so you may use the 1st week's Lot per trade throughout the month.


Hope its clear now,
V
Precise Execution!
  • #32
  • Mar 5, 2016 3:08am Mar 5, 2016 3:08am
Quoting goldtime
i would like to say many thanks for the advice Mr. Varun by giving strength and encouragement to move on. thanks once again Sir
Thanks for your kind words Gold, I will try my best till I can

V
Precise Execution!
  • #33
  • Mar 5, 2016 3:19am Mar 5, 2016 3:19am
varun thanks and excuse my English, I'm Italian and I do the translation with google translate, sometimes I do not understand what you say, next week I will be careful in everything you do
  • #34
  • Mar 5, 2016 4:32am Mar 5, 2016 4:32am
Hello varun76, thanks for insteresting strategy. Do you already forward trade it? Please kindly share the trade explorer
Risk comes from not knowing what you're doing.
  • #35
  • Mar 5, 2016 4:39am Mar 5, 2016 4:39am
I predict we will have a awesome thread here ...

Wish you all the best Varun!
MT4/MT5 EAs/Indicators/Alerts coder
  • #36
  • Mar 5, 2016 4:44am Mar 5, 2016 4:44am
Hi Varun76,

Thank you for your great system.
I like it specially because you can use it in different pairs, and it seems to perform well in all of them!

I have read the whole thread, and I still have some doubts regarding the TP that we should use. In the first thread you talked about three options for seting the TP level. Here comes a summary of some of my questions:
- Use weekly levels -> I assume you mean using R/S levels of the weekly TF. Why weekly and not Daily or H4 levels?
- Use Pivot Prof indicator -> I am still learning, and would like to keep my small budget for a future live account. Do you know any other similar indicator with similar features?
- Use Heiken candles -> I have experienced how the candles change the colour for only 1 or 2 candles, and then continue the tendency. I don't find it totally useful.

One more question: You talk about using the Trailing Stop once the market moves in your favour. How many pips do you use as TL? Do you move the SL to BE at a certain profit level or only use Trailing Stop?


I would appreciate if you could help me solving my questions of TP and TL.

Thanks for your great support!

Regards
  • #37
  • Mar 5, 2016 4:51am Mar 5, 2016 4:51am
Quoting FerruFx
I predict we will have a awesome thread here ... Wish you all the best Varun!
As long as no one is coming here and post their own improvised version and EAs.
  • #38
  • Mar 5, 2016 5:02am Mar 5, 2016 5:02am
Quoting mario777
{quote} As long as no one is coming here and post their own improvised version and EAs.
Well said! Lets just stick the rules and support varun76 for his generous effort.

Good work varun!

Regards
  • #39
  • Mar 5, 2016 5:25am Mar 5, 2016 5:25am
Quoting mario777
{quote} As long as no one is coming here and post their own improvised version and EAs.
Agree 100% ... but sadly we have no control on that ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #40
  • Mar 5, 2016 6:12am Mar 5, 2016 6:12am
hi varun, i see you are moving here, subscribed again
i am interested to know how other traders think (especially the profitable one)..
btw have a nice weekend
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