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Monthly Profit - Daily Trading using SMA

  • #21
  • Jul 26, 2016 9:46am Jul 26, 2016 9:46am
Quoting anonymousey
Nice to see some-one else trading this system. I only use the halftrend indicator & CCI candles, with SL 2 daily candles back. Otherwise pretty much the same. {image}
can you upload your indicators here
  • #22
  • Jul 26, 2016 10:10am Jul 26, 2016 10:10am
Quoting laikos
{quote} Hi BK8, I really like D1 trade, because it is low touch,however I have questions: 1. Will you please mark using vertical line where you enter the trade? 2. Previous Candle does it includes the wick or just the body? Thanks & Regards
Hi laikos,
I have uploaded some more screenshots, let me know if that does not help. I use MT4 on iPhone.
Also I prefer to include wick of previous candle for stoploss.
  • #23
  • Jul 26, 2016 11:01am Jul 26, 2016 11:01am
Thanks for these. So if I understand your method correctly did you (or would you) have shorted AUDCAD when the candle opened on the 17th July? The candle on the 16th clearly passes through the SMA as a sell signal on this day?
  • #24
  • Edited 12:18pm Jul 26, 2016 12:03pm | Edited 12:18pm
Quoting s1mm014
Thanks for these. So if I understand your method correctly did you (or would you) have shorted AUDCAD when the candle opened on the 17th July? The candle on the 16th clearly passes through the SMA as a sell signal on this day?
Yes, I have multiple accounts.. I just double checked it should be 15th Jul
But I do not spend more than 10% so I opted to sell NZD instead, please attached screenshot
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  • #25
  • Jul 26, 2016 12:19pm Jul 26, 2016 12:19pm
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  • #26
  • Jul 26, 2016 12:33pm Jul 26, 2016 12:33pm
Few more from other accounts
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  • #27
  • Jul 26, 2016 12:35pm Jul 26, 2016 12:35pm
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  • #28
  • Jul 26, 2016 12:43pm Jul 26, 2016 12:43pm
good and clear rules to follow .. may i know whats the max draw down of this system till now . and you told sma 3 and 5 but your chars shows only 1 sma .
and what will be your idea for this circled area
Attached Image (click to enlarge)
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stay cool when trade begins
  • #29
  • Jul 26, 2016 12:55pm Jul 26, 2016 12:55pm
Hi Raj,

I agree with you. KISS is always best.

If I am not mistaken its SMA 5 with shift of 3.

Correct me if I am wrong Bk8.

Regards
  • #30
  • Jul 26, 2016 1:04pm Jul 26, 2016 1:04pm
Quoting rajkumar3192
good and clear rules to follow .. may i know whats the max draw down of this system till now . and you told sma 3 and 5 but your chars shows only 1 sma . and what will be your idea for this circled area {image}
@Raj - @bcmaggs is right, I have only one SMA (Period - 5, Shift -3).
Normally I ignore small candle but if I do not find better opportunity then I take risk with small candle too.
To be honest with you, I am still learning..thats why I tried to experiment something unique during BREXIT and lost all previous profits but recovering very fast now..
I think there is no short cut formula for long term profits. So I decided to trade on D1 chart only and spend 10% max of account value.
  • #31
  • Jul 26, 2016 1:05pm Jul 26, 2016 1:05pm
Quoting bcmaggs
Hi Raj, I agree with you. KISS is always best. If I am not mistaken its SMA 5 with shift of 3. Correct me if I am wrong Bk8. Regards
will check it out . and thanks for your conformation regarding the settings of sma ,
stay cool when trade begins
  • #32
  • Jul 26, 2016 1:07pm Jul 26, 2016 1:07pm
Quoting Bk8
{quote} @Raj - @bcmaggs is right, I have only one SMA (Period - 5, Shift -3). Normally I ignore small candle but if I do not find better opportunity then I take risk with small candle too. To be honest with you, I am still learning..thats why I tried to experiment something unique during BREXIT and lost all previous profits but recovering very fast now.. I think there is no short cut formula for long term profits. So I decided to trade on D1 chart only and spend 10% max of account value.
thanks and how many trades a day you take and do you have any take profit levels
stay cool when trade begins
  • #33
  • Jul 26, 2016 2:36pm Jul 26, 2016 2:36pm
Quoting rajkumar3192
{quote} thanks and how many trades a day you take and do you have any take profit levels

Confirm the entry?
Attached Image (click to enlarge)
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  • #34
  • Jul 26, 2016 2:52pm Jul 26, 2016 2:52pm
Quoting xoxo12
{quote} can you upload your indicators here
Here are indicators from screen showed in post #13
In CCI ind set period 14 and oversbough 1 oversold -1 (maybe other - try to open UJ daily chart and choose the parameters so that the picture in your terminal will be coincided with the picture on the screenshot)
I want to wish success to thread creator, but i cant believe that this can be successful in lоngterm. If it were that simple - buy candle above sma3, sell candle below sma3 - we all could be like a Soros in few years. Like 1000`s other trend strategies it can be profitable in trending period and lose in ranging period.
Attached File(s)
File Type: mq4 HalfTrend-1.02.mq4   6 KB | 2,966 downloads
File Type: mq4 CCI CustomCandles2_alerts.mq4   5 KB | 2,792 downloads
  • #35
  • Jul 26, 2016 3:31pm Jul 26, 2016 3:31pm
Quoting olvus
{quote} Here are indicators from screen showed in post #13 In CCI ind set period 14 and oversbough 1 oversold -1 (maybe other - try to open UJ daily chart and choose the parameters so that the picture in your terminal will be coincided with the picture on the screenshot) I want to wish success to thread creator, but i cant believe that this can be successful in lоngterm. If it were that simple - buy candle above sma3, sell candle below sma3 - we all could be like a Soros in few years. Like 1000`s other trend strategies it can be profitable...
thanks
  • #36
  • Jul 26, 2016 4:06pm Jul 26, 2016 4:06pm
Quoting rajkumar3192
{quote} thanks and how many trades a day you take and do you have any take profit levels
Depends on my account value but not more than 4-5 pairs
  • #37
  • Jul 26, 2016 4:08pm Jul 26, 2016 4:08pm
Quoting Romax
{quote} Confirm the entry? {image}
Looks good, only concern is long wick.. so little risk there
  • #38
  • Jul 26, 2016 4:10pm Jul 26, 2016 4:10pm
This screenshot is to explain how I keep moving my stoploss every day
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  • #39
  • Jul 26, 2016 4:16pm Jul 26, 2016 4:16pm
Here is the best example of stoploss, this is only pair ditched me this week.. but I will let it trigger stoploss inspite of SMA corss
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  • #40
  • Jul 26, 2016 4:19pm Jul 26, 2016 4:19pm
Profit - 150 pips so far
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