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Monthly Profit - Daily Trading using SMA

  • #101
  • Jul 28, 2016 6:44pm Jul 28, 2016 6:44pm
Quoting since80808
{quote} Sorry, what does it mean?
3 minimum candles.
  • #102
  • Jul 28, 2016 7:19pm Jul 28, 2016 7:19pm
Quoting Bk8
Guys, I have been trading for last 2 years, used almost all known strategies but lost 90% of my all accounts Finally, I am profitable for last 6 months. Here is my very simple strategy D1 trading only... even 4H is not reliable Indicators - SMA (5,3) and Bollinger Bands Buy/Sell - When previous candle bar has clearly crossed SMA line Stoploss - Previous candle bar Profit - Min 3 Candles Chances - 80% Do not take positions more than 10% of account value. {image}
Bk8,

Thank you for sharing your system.

Looking at the attached picture for the EURUSD in January 2016, could you please show me on the attached picture what are all trades you would take according to the rules, how many of them are profitable trades and how many are losing trades ?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD D1 Jan 2016.png Size: 40 KB
  • #103
  • Jul 28, 2016 7:45pm Jul 28, 2016 7:45pm
Hi Everyone,
I just want to compare notes. Today 29 July 2016 (GMT+8) I did not see any setup based on the trade rule at the start of my broker D1 candle. Any comment from other members?

Regards
Laikos
  • #104
  • Jul 28, 2016 8:56pm Jul 28, 2016 8:56pm
Quoting alfa99
{quote} Bk8, Thank you for sharing your system. Looking at the attached picture for the EURUSD in January 2016, could you please show me on the attached picture what are all trades you would take according to the rules, how many of them are profitable trades and how many are losing trades ? {image}
Sure alfa99, I will upload screenshots as soon as I install MT4 on my desktop or laptop.
actually, My kids took off keys from all windows laptops, desktop is little slow and somehow I am unable to install MT4 on mac air
  • #105
  • Jul 28, 2016 9:04pm Jul 28, 2016 9:04pm
Quoting Bk8
{quote} Sure alfa99, I will upload screenshots as soon as I install MT4 on my desktop or laptop. actually, My kids took off keys from all windows laptops, desktop is little slow and somehow I am unable to install MT4 on mac air
First setup was formed on 3rd Jan so we could have opened poistion on 4th jan but stoploss would trigger on 7th Jan and it would wipe off both profit candles except 25 pips.
Attached Image (click to enlarge)
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  • #106
  • Jul 28, 2016 9:10pm Jul 28, 2016 9:10pm
Quoting Bk8
{quote} First setup was formed on 3rd Jan so we could have opened poistion on 4th jan but stoploss would trigger on 7th Jan and it would wipe off both profit candles except 25 pips. {image}
Next setup was on 7th Jan so we could take position on 8th Jan but we will have to wait till 12 Feb to trigger profit around 300 pips. does it help?
Attached Image (click to enlarge)
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  • #107
  • Jul 28, 2016 9:13pm Jul 28, 2016 9:13pm
Quoting Bk8
{quote} Next setup was on 7th Jan so we could take position on 8th Jan but we will have to wait till 12 Feb to trigger profit around 300 pips. does it help? {image}
Profit 300 pips on 12 Feb
Attached Image (click to enlarge)
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  • #108
  • Jul 28, 2016 9:28pm Jul 28, 2016 9:28pm
Quoting Jakepuia
Thanks for sharing your system BK8. Kindly check this image whether it is a very good set up or not? For me, as per my understanding of your trading system, It is a perfect set up/ {image}
If you have not closed this position then you have better oppurtinity to get out or wait more for profits
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  • #109
  • Jul 28, 2016 11:17pm Jul 28, 2016 11:17pm
Quoting laikos
Hi Everyone, I just want to compare notes. Today 29 July 2016 (GMT+8) I did not see any setup based on the trade rule at the start of my broker D1 candle. Any comment from other members? Regards Laikos
You are right, but I could not control and took little risk.. so far so good
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 100 KB
  • #110
  • Jul 28, 2016 11:22pm Jul 28, 2016 11:22pm
Here is other example of exit, at first glance it looks like 3 candles profit but technically it is eqivalent to 2 candles so I will wait for few more days
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  • #111
  • Jul 29, 2016 1:15am Jul 29, 2016 1:15am
Hi Bk8,
just read your "trading system" and I also use BB, MA and S/R. I would like to share especially with you n pls explore with seeting BB in TF H1: (BB general set up use apply to: HLCC/4; Deviation: 2)
BB Monthly : 480 - MA 480 also; BB Weekly: 120 - MA 120; BB Daily: 24 - MA 24
Be practicing with the guidance :
1. Price movement follow BB Daily and bigger BB just ceiling and bottom of price movement BUT DON'T MAKE A PREDICTION IF PRICE UP TO TOP BIGGER BB THEN IT WILL GO DOWN (price couldn't be predicted BUT price movement will be at the corridor).
2. Go Sell at top of Daily BB when the daily BB under bigger BB (Weekly and Monthly)
3. Take Buy at bottom of Daily BB when the daily BB upper bigger BB (weekly and Monthly)
4. S/R level as a 2nd consideration when we want to take action
note: I couldn't show you my template at the moment.

once again explore it and enjoy....happy trading..from Jakarta, Indonesia
  • #112
  • Jul 29, 2016 1:37am Jul 29, 2016 1:37am
BK8,
Let me explain..in TF Daily: Monthly BB is 20 (meaning 20 working days (w.d) in 1 month)
in TF H1; Monthly BB is 480; the adjusment calculation as below :
Monthly BB 20 = 20 working days in Daily TF
1 day = 24 hours so in TF H1 = 20 w.d x 24 hours = 480 as Monthly BB in TF H1

Your's BB 5 and 3 in Daily TF is equal in TF H1 :

BB 5 = Weekly BB in TF H1 ( 120 : 24 hours/day = BB 5)
BB 3 equal in TF H1 about 3 days = BB 72

If your trading "crossing system BB 5,3" using the BB adjustment like I did so the result more better..hopefully. happy trading
  • #113
  • Jul 29, 2016 2:11am Jul 29, 2016 2:11am
Quoting Bk8
{quote} Profit 300 pips on 12 Feb {image}
Bk8,

Thank you for your reply.

Could you please explain why you would not have opened positions on Jan 14 (Buy), Jan 15 (Sell), Jan 16 (Buy), Jan 22 (Sell), Jan 28 (Buy), Feb 1 (Sell), after the previous candle bars had clearly crossed SMA line according to the rules.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD D1 Jan 2016.png Size: 40 KB
  • #114
  • Jul 29, 2016 2:21am Jul 29, 2016 2:21am
hi Bk8,
I suppose you let your trade run over the weekend?

Regards
  • #115
  • Jul 29, 2016 5:35am Jul 29, 2016 5:35am
Quoting Bk8
I do not follow strictly but Some senior traders give importance to BB middle line as well..e.g. in this case we can set take profit to middle line for one position incase middle line acts as resistance {image}
As I mentioned earlier, BB middle line is eaually important since it acts sometime as Resistance level
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  • #116
  • Jul 29, 2016 8:42am Jul 29, 2016 8:42am
Quoting laikos
{image}i took these trades today. The one with check mark. The rest are carried from Yesterday. I put all my trades on 20 pips trailing stop. Based on my conversation with FXCM agent, they told me the Trailing SL is server side thing. Just FYI and help need if anyone knows: I trade using FXCM Trade Station mobile but I use MT4 Mobile to see the chart because I do not know how to do SMA(5,3) on Trade Station Mobile.
laikos - You must be happy now, isnt?

Quoting Bk8
{quote} laikos - You must be happy now, isnt? {image}
Attached Image(s) (click to enlarge)
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  • #117
  • Jul 29, 2016 8:47am Jul 29, 2016 8:47am
Quoting Bk8
{quote} You are right, but I could not control and took little risk.. so far so good {image}
Still doing great.. love it
Attached Image (click to enlarge)
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  • #118
  • Jul 29, 2016 9:08am Jul 29, 2016 9:08am
Quoting laikos
hi Bk8, I suppose you let your trade run over the weekend? Regards
Thats correct lakos!
  • #119
  • Jul 29, 2016 9:15am Jul 29, 2016 9:15am
I have some question?
Does it repaint Indicator?
  • #120
  • Jul 29, 2016 9:16am Jul 29, 2016 9:16am
Quoting alfa99
{quote} Bk8, Thank you for your reply. Could you please explain why you would not have opened positions on Jan 14 (Buy), Jan 15 (Sell), Jan 16 (Buy), Jan 22 (Sell), Jan 28 (Buy), Feb 1 (Sell), after the previous candle bars had clearly crossed SMA line according to the rules. {image}
YW alfa99, if you look at candles on 14-16 Jan..there is no trend as such so we will ignore sideways candles.. on 22nd Jan candle has huge wick so that should be ignored as well.
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