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Monthly Profit - Daily Trading using SMA

  • #141
  • Jul 31, 2016 12:15am Jul 31, 2016 12:15am
Quoting Bk8
{quote}

nice system!!!

have you ever tried to backtest this system?
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #142
  • Jul 31, 2016 12:17am Jul 31, 2016 12:17am
Quoting Soros
{quote} nice system!!! have you ever tried to backtest this system?
Thanks, I am working on EA but there are so many moving factors so taking little long
  • #143
  • Jul 31, 2016 12:38am Jul 31, 2016 12:38am
my experience with systems an EA's is that a system like this can work for 1 year profitable and then fail. im not saying this system in particular will fail but im saying that we need more data
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #144
  • Jul 31, 2016 1:07am Jul 31, 2016 1:07am
Quoting Soros
my experience with systems an EA's is that a system like this can work for 1 year profitable and then fail. im not saying this system in particular will fail but im saying that we need more data
Just to clarify, I do not recommend EA for opening and closing positions.. I am developing EA just for testing purpose.
This system needs just 15-20 minutes everyday so why we need EA?
  • #145
  • Jul 31, 2016 1:10am Jul 31, 2016 1:10am
Is this a valid candle to short?
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Jakepuia
  • #146
  • Jul 31, 2016 1:23am Jul 31, 2016 1:23am
Quoting Bk8
{quote} Just to clarify, I do not recommend EA for opening and closing positions.. I am developing EA just for testing purpose. This system needs just 15-20 minutes everyday so why we need EA?

yes im talking about EA for testing purposes
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #147
  • Jul 31, 2016 1:41am Jul 31, 2016 1:41am
Quoting Jakepuia
Is this a valid candle to short? {image}
Bk8, might have better comment. However for myself I would like to see the overall trend. Otherwise it is a valid short for me based on the rule
  • #148
  • Jul 31, 2016 2:08am Jul 31, 2016 2:08am
Quoting laikos
{quote} Bk8, might have better comment. However for myself I would like to see the overall trend. Otherwise it is a valid short for me based on the rule
Me too, the Candle size is in the right proportion showing a strong momentum. And 20 MA support of the BB has already went through. So the only thing that price can do now is to go down till the lower BB band
Jakepuia
  • #149
  • Jul 31, 2016 6:15am Jul 31, 2016 6:15am
guys opportunities with 2 pairs ... any comment ?

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  • #150
  • Jul 31, 2016 7:59am Jul 31, 2016 7:59am
Quoting Jakepuia
Is this a valid candle to short? {image}
I think pattern indicates sideways so either we should wait to cross resistance level or take risk for around 100 pips
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  • #151
  • Jul 31, 2016 8:06am Jul 31, 2016 8:06am
Quoting shaan295
guys opportunities with 2 pairs ... any comment ? {image}
EA has just kissed SMA so we should ignore it.

Although we are little late for GJ but looks like it should cross lower BB line
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  • #152
  • Jul 31, 2016 8:15am Jul 31, 2016 8:15am
Just fyi - I have follwing open positions from last week

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  • #153
  • Jul 31, 2016 8:17am Jul 31, 2016 8:17am
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  • #154
  • Jul 31, 2016 9:12am Jul 31, 2016 9:12am
did you check this one ?
is it perfect setup ?

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  • #155
  • Jul 31, 2016 9:30am Jul 31, 2016 9:30am
Quoting shaan295
did you check this one ? is it perfect setup ? {image}
Sorry to disappoint you, it does not looke like clean setup up for me..try to ingore sideways..pattern should clearly indicate that new curve can be formed... e.g. see below
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  • #156
  • Jul 31, 2016 9:36am Jul 31, 2016 9:36am
Quoting Bk8
{quote} Sorry to disappoint you, it does not looke like clean setup up for me..try to ingore sideways..pattern should clearly indicate that new curve can be formed... e.g. see below {image}
Please note - I can be wrong and you may still earn some pips but that would be just like gamble unless you can visulize some other consistent pattern..
  • #157
  • Jul 31, 2016 9:36am Jul 31, 2016 9:36am
could you please tell me about my sma setting, is it right setting ?
period: 5 - shift: 3
ma method: Simple
apply to: Close

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  • #158
  • Jul 31, 2016 9:42am Jul 31, 2016 9:42am
Quoting shaan295
could you please tell me about my sma setting, is it right setting ? period: 5 - shift: 3 ma method: Simple apply to: Close {image}
Thats correct.. I hope you are using default settings of BB too?
  • #159
  • Jul 31, 2016 9:45am Jul 31, 2016 9:45am
Quoting bk8
{quote} thats correct.. I hope you are using default settings of bb too?
thats my bb setting, is it ok for you ?

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  • #160
  • Jul 31, 2016 9:51am Jul 31, 2016 9:51am
Quoting shaan295
{quote} thats my bb setting, is it ok for you ? {image}
Yes Shaan!
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