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Monthly Profit - Daily Trading using SMA

  • #741
  • Aug 28, 2016 7:05pm Aug 28, 2016 7:05pm
Bk8,

thank you for all your work you`re putting into this thread, but PLEASE dont let your family suffer
for sure you almost have to be a fanatic and very driven to make it. know all about it.

must say a lot of forex charts are awful to trade: up and down all the time with long wicks all over the place.
look at the Nasdaq futures chart, what a beautiful chart that is.

the JPY-pairs seem to do the best, most probably because they trend better.
is that your experience from your past trades?
  • #742
  • Aug 28, 2016 7:17pm Aug 28, 2016 7:17pm
Quoting Bk8
{quote} Ok, I tested using a simple script for USDJPY for Jan 2016 till Aug 2016. Although script needs more work e.g. filter sideways, some enhancements for SL etc but I got surprising result when compared SMA 5,0 and SMA 5,3 SMA 5, 3 - Breakevn in 8 months, (however we would be certainly profitable if we trade manually) SMA 5, 0 - 60% profit (I am sure if I fix script, it will give better result) Please see screenshots for both scenarios, I have started coding after long time so I am struggling little.. will continue and keep posting results {image}...
It's trading wrong, in this down move it took a second trade, it should only trade when it crossed the MA, it already took the first profitable trade, for a second short to be correct, it would need to close above then back below the MA
Attached Image
  • #743
  • Aug 28, 2016 7:45pm Aug 28, 2016 7:45pm
Quoting yonnie
Bk8, thank you for all your work you`re putting into this thread, but PLEASE dont let your family suffer for sure you almost have to be a fanatic and very driven to make it. know all about it. must say a lot of forex charts are awful to trade: up and down all the time with long wicks all over the place. look at the Nasdaq futures chart, what a beautiful chart that is. the JPY-pairs seem to do the best, most probably because they trend better. is that your experience from your past trades?
Thanks yonnie, appreciate it!
You are right, just now when I was coding to modify the stop loss, due to some error modify stop loss was not working however surprising part was that I got 300% profit from USDJPY between Jan to Aug 2016
  • #744
  • Aug 28, 2016 8:34pm Aug 28, 2016 8:34pm
Hi all,

any comments on my pairs I trade for today? So far I am using SMA 5,3.

i actually should give up audcad, it doesn't match stochastic condition.
Attached Image (click to enlarge)
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  • #745
  • Aug 28, 2016 8:40pm Aug 28, 2016 8:40pm
Quoting deankenny21
{quote} It's trading wrong, in this down move it took a second trade, it should only trade when it crossed the MA, it already took the first profitable trade, for a second short to be correct, it would need to close above then back below the MA {image}
Good catch Dean! its mistry for me too since previous candle is just kissing the SMA.
I am using standard formulae..will deep dive and try to find the root cause

ma=iMA(NULL,PERIOD_D1,MovingPeriod,MovingShift,MODE_SMA,PRICE_CLOSE,0);

I hope there is no mismtach related bug in MQL for visual and SMA value.
  • #746
  • Aug 28, 2016 8:40pm Aug 28, 2016 8:40pm
Quoting domdom1984
Hi all, any comments on my pairs I trade for today? So far I am using SMA 5,3. i actually should give up audcad, it doesn't match stochastic condition. {image}
What stochastic condition, please get rid of that from here please. Not in the rules, and it's garbage for beginners to lose money created by the brokers themselves installed into mt4 for you little guys.
  • #747
  • Aug 28, 2016 9:01pm Aug 28, 2016 9:01pm
Another trade I'm in. Market order short CADSGD. Friday candle closed below the SMA 5 shift 3. Last few candles were sideways, but price looks to have stalled in this resistance area above and overall trend has been down since April so I took the trade. Lots of TP potential below if price moves down lower and pulls back after the big run up previously.

The shaded rectangles are not part of this strategy and are used for my own S/D zones to determine potential TP and price stalling areas.
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  • #748
  • Aug 28, 2016 9:07pm Aug 28, 2016 9:07pm
Bk8, you are doing some great work here. Wish you all the luck in the world. Godspeed.
Remember, Red. Hope is a good thing, maybe the best of things...
  • #749
  • Aug 28, 2016 9:43pm Aug 28, 2016 9:43pm
Quoting ForexFury
Bk8, you are doing some great work here. Wish you all the luck in the world. Godspeed.
Thank you very much!!
  • #750
  • Edited 11:29pm Aug 28, 2016 10:56pm | Edited 11:29pm
Quoting Bk8
{quote} Good catch Dean! its mistry for me too since previous candle is just kissing the SMA. I am using standard formulae..will deep dive and try to find the root cause ma=iMA(NULL,PERIOD_D1,MovingPeriod,MovingShift,MODE_SMA,PRICE_CLOSE,0); I hope there is no mismtach related bug in MQL for visual and SMA value.
I think I found the root cause, when new candle started on 3rd Feb..that point of time previous candle (2nd Feb) had closed price less than SMA value and hence Short order was triggered but when new candle moved further SMA line was changed too and hence visual is not matching with actual SMA value at that point of time.

I wish I can show screen recording but FF does not support mov file type and hence I have taken screenshots, please take a look
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  • #751
  • Aug 29, 2016 12:13am Aug 29, 2016 12:13am
For today quota I took CHFJPY and GBPHKD.Both looks a bit not promosing but I am just going to tinker about it.Take it to train my perception or my strategy.
  • #752
  • Aug 29, 2016 1:04am Aug 29, 2016 1:04am
Quoting isaacyip007
For today quota I took CHFJPY and GBPHKD.Both looks a bit not promosing but I am just going to tinker about it.Take it to train my perception or my strategy.
I think CHFJPY is a valid setup (personal thought). I have considered trading CHFJPY pairs, but I think the profit margin is too low. So i skipped CHFJPY.

GBPHKD spreads is high for me.
  • #753
  • Aug 29, 2016 1:12am Aug 29, 2016 1:12am
BK8,

do you have any special time when you enter the trades?

Thanx
  • #754
  • Edited 9:55am Aug 29, 2016 1:54am | Edited 9:55am
hi all Thaanx Bk8

i like to share new ea for this strategy and all pls test and if there any update tell me

Thaanx

UPDATE

extern string Section_4="Trade Time";
extern bool UseTimer = true;
extern string Timer = "08:00-16:00";
working according broker time
Attached File(s)
File Type: mq4 BK8-EA_v1.mq4   12 KB | 647 downloads
File Type: mq4 BK8_1.1.mq4   12 KB | 525 downloads
  • #755
  • Aug 29, 2016 2:45am Aug 29, 2016 2:45am
Quoting uaehawx
hi all Thaanx Bk8 i like to share new ea for this strategy and all pls test and if there any update tell me Thaanx {file}
What are the settings available for the EA?And how do they TP And setting SL?
  • #756
  • Aug 29, 2016 2:45am Aug 29, 2016 2:45am
Quoting uaehawx
hi all Thaanx Bk8 i like to share new ea for this strategy and all pls test and if there any update tell me Thaanx {file}
Thanks for sharing!
  • #757
  • Aug 29, 2016 3:11am Aug 29, 2016 3:11am
Quoting isaacyip007
{quote} What are the settings available for the EA?And how do they TP And setting SL?
hi u have 2 way

first one fix tp u can and second one with BB

u can try ea on back test
  • #758
  • Aug 29, 2016 5:42am Aug 29, 2016 5:42am
Quoting isaacyip007
For today quota I took CHFJPY and GBPHKD.Both looks a bit not promosing but I am just going to tinker about it.Take it to train my perception or my strategy.
I think both are in right direction, you must be happy now?

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  • #759
  • Aug 29, 2016 5:49am Aug 29, 2016 5:49am
Quoting uaehawx
hi all Thaanx Bk8 i like to share new ea for this strategy and all pls test and if there any update tell me Thaanx {file}
Thanks very much uaehawx for your contribution and support! I would recommend that lets use EA for testing purpose only since this startegy needs 15 minutes daily only... if your timezone is not suitable to take positions then please you must validate your positions manually.
  • #760
  • Aug 29, 2016 5:50am Aug 29, 2016 5:50am
Quoting Bk8
{quote} I think both are in right direction, you must be happy now? {image} {image}
Hahaha nope,Im crying now,coz from my broker time the candles was a bit wrong on GBPHKD,so i close it off b4 losing too much.As for the CHFJPY,i enteref when the new candle formed at my chart but i guess it still too late coz now still in reds
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