PDCA Part II | Forex Factory

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PDCA Part II

  • #1
  • First Post: Edited Mar 17, 2016 1:31am Mar 14, 2016 2:01am | Edited Mar 17, 2016 1:31am
Dear All,

I opened Plan Do Check Act Part II Scalping Strategy due the PDCA is on the M15
Now PDCA Part II on M5,

1. PLAN - Daily Target 20 pips or 60 pips
2. DO - Only Looking the valid signal Buy or Sell on M5 Time Frame
3. Check - Time to taken or to enter the trade is start 06.00 GMT to 18.00 GMT
4. ACT - To Enter Buy or Sell in the market when M5 candle BKO the previous H/L H4 Candle, mean if M5 candle close below previous H4 Low we enter SELL, to be confirm with CCI 14 or 30 as the momentum indicator, CCI 14 or 30 should be below -100 level, And if M5 candle close Above previous H4 High then we enter Buy, to be confirm with CCI 14 or 30 as the momentum indicator, CCI 14 or 30 should be above +100 level,


Recommend Filter
1. Plot Zig Zag, normal MT4 Set up, for bullish set formation if the price/ZZ make from LL to HH and HL and for bearish set formation if the price/ZZ make from HH to LL and LH
2. Alligator MA with set up 100, 55/50, 25 bullish formation Price cross up all alligator and make from LL to HH and HL, and for bearish set formation price cross down all alligator MA make from HH to LL and LH

Example of how the filter work
Attached Image (click to enlarge)
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for detail see the example below,

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Cheer good luck
  • #2
  • Mar 14, 2016 3:32am Mar 14, 2016 3:32am
Pending Sell PO EU M5
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  • #3
  • Mar 14, 2016 4:02am Mar 14, 2016 4:02am
GJ close +25 pips
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  • #4
  • Mar 14, 2016 6:57am Mar 14, 2016 6:57am
SELL EJ M5
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 33 KB
  • #5
  • Mar 14, 2016 7:57am Mar 14, 2016 7:57am
Quoting mrhb30jr
SELL EJ M5 {image}
Hi All,

Updated EU and EJ Keep hold the sell position PO .... need more patience on this ..
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM5QQQ.png Size: 44 KB
  • #6
  • Mar 14, 2016 8:21am Mar 14, 2016 8:21am
Quoting mrhb30jr
{quote} Hi All, Updated EU and EJ Keep hold the sell position PO .... need more patience on this .. {image} {image}
hello,
too greedy on EU + EJ

support is too strong @ 1.11 level.

you should have reversed the trade there + add more shorts from top.
  • #7
  • Mar 14, 2016 9:19am Mar 14, 2016 9:19am
Quoting openyoureyes
{quote} hello, too greedy on EU + EJ support is too strong @ 1.11 level. you should have reversed the trade there + add more shorts from top.
thank you Openyoureyes,

i close all my short when i see the 2B formation now reverse all positions,
u r right support to strong test manytimes...
Attached Image (click to enlarge)
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and EJ
reverse the position long
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  • #8
  • Mar 15, 2016 9:04pm Mar 15, 2016 9:04pm
hallo mrhb30jr,
where is your stop loss?
thanks,



Quoting mrhb30jr
Dear All, I opened Plan Do Check Act Part II Scalping Strategy due the PDCA is on the M15 Now PDCA Part II on M5, 1. PLAN - Daily Target 20 pips or 60 pips 2. DO - Only Looking the valid signal Buy or Sell on M5 Time Frame 3. Check - Time to taken or to enter the trade is start 06.00 GMT to 18.00 GMT 4. ACT - To Enter Buy or Sell in the market when M5 candle BKO the previous H/L H4 Candle, mean if M5 candle close below previous H4 Low we enter SELL, to be confirm with CCI 14 as the momentum indicator, CCI 14 should be below -100 level, And if M5...
  • #9
  • Mar 16, 2016 12:44am Mar 16, 2016 12:44am
SL 12 or 20 pips
  • #10
  • Mar 16, 2016 1:15am Mar 16, 2016 1:15am
GBPUSD +25 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 18 KB
  • #11
  • Mar 16, 2016 3:13am Mar 16, 2016 3:13am
Can you share the indicator to show the H4 Hi Lo?

Thanks,
  • #12
  • Mar 16, 2016 6:30am Mar 16, 2016 6:30am
Quoting antonsatu
Can you share the indicator to show the H4 Hi Lo? Thanks,

GU short +22

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5aaaaaaaaaaaaaaa.png Size: 28 KB


here the indi with setting 240,1,1,0,2 and 240,1,1,0,3
Attached File(s)
File Type: ex4 #MTF_MovingAverage.ex4   3 KB | 482 downloads

Attached File(s)
File Type: mq4 #MTF_MovingAverage.mq4   4 KB | 544 downloads




cheers
  • #13
  • Mar 16, 2016 6:37am Mar 16, 2016 6:37am
Quoting mrhb30jr
{quote} GU short +22 {image} here the indi with setting 240,1,1,0,2 and 240,1,1,0,3 {file} {file} cheers
and here
template & daily open line
Attached File(s)
File Type: ex4 daily_open_line.ex4   9 KB | 392 downloads
File Type: mq4 daily_open_line.mq4   2 KB | 483 downloads
File Type: tpl !! @@@range_M240_5MinuteCCI14.tpl   3 KB | 461 downloads
  • #14
  • Mar 16, 2016 11:32am Mar 16, 2016 11:32am
Anybody taken this GU BKO PDCA Part II
+100 pips
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  • #15
  • Mar 16, 2016 11:45am Mar 16, 2016 11:45am
Quoting mrhb30jr
Anybody taken this GU BKO PDCA Part II +100 pips {image}
GBPUSD M5 3Day back PDCA part II trade ...

Attached Image (click to enlarge)
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  • #16
  • Mar 16, 2016 12:45pm Mar 16, 2016 12:45pm
mrhb30jr,
thank you friend.


Quoting mrhb30jr
{quote} GU short +22 {image} here the indi with setting 240,1,1,0,2 and 240,1,1,0,3 {file} {file} cheers
  • #17
  • Edited 1:07pm Mar 16, 2016 12:56pm | Edited 1:07pm
Hello,

I like your trading plan

I wanted to try your MA set up however I cant say that it matches my 4hr candle open close overlay-- do you think i am doing something wrong is this just how it is supposed to look?

Edit-- I mean the MAs- do they look the same in your chart? disregard my trade.
Attached Image (click to enlarge)
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Dragon Rider
  • #18
  • Mar 16, 2016 3:06pm Mar 16, 2016 3:06pm
Hello my good friend mrhb30jr.

Following your advise I tried it this morning EU on live.

I bit late entry and exit. I managed to grab 30 pips when the pullback started. It's not very bad for the first try.

Tomorrow I will watch over some more pairs.

Thank you very much for the indicators and template too. They will be very usefull.

Cheers.
Lanza.
Attached Image(s) (click to enlarge)
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  • #19
  • Mar 16, 2016 3:33pm Mar 16, 2016 3:33pm
Quoting LanzaTrader
Hello my good friend mrhb30jr. Following your advise I tried it this morning EU on live. I bit late entry and exit. I managed to grab 30 pips when the pullback started. It's not very bad for the first try. Tomorrow I will watch over some more pairs. Thank you very much for the indicators and template too. They will be very usefull. Cheers. Lanza. {image} {image}

Some advice- If price had gone the opposite way would you have let it hit your stop loss or would you have stopped the trade before that point?

Think the same way when your trading decision was right.

When in profit let it run than rather try to grab some pips-- at least grab as many pips as you risked.

Dragon Rider
  • #20
  • Mar 16, 2016 3:56pm Mar 16, 2016 3:56pm
Quoting barloc
{quote} Some advice- If price had gone the opposite way would you have let it hit your stop loss or would you have stopped the trade before that point? Think the same way when your trading decision was right. When in profit let it run than rather try to grab some pips-- at least grab as many pips as you risked.
Hi Barloc,

be the smart trader,
1st try to minimize the risk, close the trade if the apposite direction from major trend
2nd try to catch more pips if the direction following the major trend lock your profit

cheer
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