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Monthly Profit - Daily Trading using SMA

  • #841
  • Aug 30, 2016 9:45am Aug 30, 2016 9:45am
Quoting sosofab
Hi BK8, Rule 5. Avoid sideways how do you know when the markets going sideways?? thanks soso
Amazing how many times this question can come up in the same thread. Really goes to show how many don't bother to read the thread to understand the system.
  • #842
  • Aug 30, 2016 9:50am Aug 30, 2016 9:50am
Quoting mikeh3855
{quote} Amazing how many times this question can come up in the same thread. Really goes to show how many don't bother to read the thread to understand the system.
It's like trend, I remember something funny someone asked.

Noob "how do we know the trend"
Trader "which way is the price going on my screen"
Noob "down"
Trader "then you just answered your question"

Lmao.
  • #843
  • Aug 30, 2016 9:54am Aug 30, 2016 9:54am
Quoting Bk8
FYI - Normally I ignore setup which has parallel candles but I closed GU so I took GA today {image}
Hit SL :/
hw abt u ?
  • #844
  • Aug 30, 2016 10:04am Aug 30, 2016 10:04am
NZDUSD

Anyone looking at it?
Attached Image (click to enlarge)
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  • #845
  • Aug 30, 2016 10:13am Aug 30, 2016 10:13am
Quoting shaan295
{quote} Hit SL :/ hw abt u ?
I am still alive, however it is disaster... thats why I hate sideways
Attached Image (click to enlarge)
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  • #846
  • Aug 30, 2016 10:16am Aug 30, 2016 10:16am
Quoting Bk8
{quote} I am still alive, however it is disaster... thats why I hate sideways {image}
R u in with EURCAD ?
  • #847
  • Aug 30, 2016 10:19am Aug 30, 2016 10:19am
Quoting Bk8
{quote} I am still alive, however it is disaster... thats why I hate sideways {image}
GBPAUD
Attached Image (click to enlarge)
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  • #848
  • Aug 30, 2016 10:19am Aug 30, 2016 10:19am
And I love to see something like this
Attached Image (click to enlarge)
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  • #849
  • Aug 30, 2016 10:30am Aug 30, 2016 10:30am
Quoting Bk8
And I love to see something like this {image}
Not only u love to see, we all love to see something like that 👍👍👍
best of luck and thx for this amazing system...
  • #850
  • Aug 30, 2016 10:36am Aug 30, 2016 10:36am
Quoting shaan295
{quote} Not only u love to see, we all love to see something like that 👍👍👍 best of luck and thx for this amazing system...
Ha ha. Thanks Shaan!
  • #851
  • Aug 30, 2016 10:39am Aug 30, 2016 10:39am
Quoting shaan295
{quote} R u in with EURCAD ?
I closed on 8/22.. new setup for today is being formed though
Attached Image (click to enlarge)
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  • #852
  • Edited 11:42am Aug 30, 2016 11:28am | Edited 11:42am
Quoting FX-Flux
So i modified a script that you can run and it will tell you which pairs out of the market watch had a crossover the day before. the mqh file goes in your include folder and the other two go in scripts. {file} {file} {file} {image}
Here is the latest version of the script.

It now opens all the charts which had a crossover on the previous candle. However, if you want to check the current candle set Candle_Shift to -1

Added Time frame option

Added the option to place trades as well. It sets the stop loss to the pervious High/Low & +/- 15 pips I added this to see what would happen on a demo account if you just took all trades and let the winners roll

Edit - Make sure MarketWatch is closed before running, otherwise it goes a bit mental scrolling through all the symbols
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-08-30 at 17.28.30.png Size: 308 KB
Attached File(s)
File Type: ex4 DailyCross_V3.ex4   22 KB | 480 downloads
So many in the Commercial section want to make me rich! :o
  • #853
  • Aug 30, 2016 11:44am Aug 30, 2016 11:44am
Hello
Last results

+13 pip long au jpy
- 29 pip short eu au
+19 pip short gbp u
+18 pip long nz jpy
+15 pip long u cad
+ 68 pip long u jpy
+ 13 pip short u chf

Lucky and a good teacher in Bk8.

Thank you
All the best to all of you. But don't follow me. I am a learner.
  • #854
  • Aug 30, 2016 11:47am Aug 30, 2016 11:47am
Thanks very much FX-Flux!
Trend vs counter trend is always a debate.
Here is USDJPY Daily. The yellow 5SMA is at shift 0 in this shot.
In this obvious down trend there are many buy opportunities and many of them would be successful as long as BK8's stop loss rules were applied.
However some may feel more comfortable sticking with the short trades on this chart.
Attached Image (click to enlarge)
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  • #855
  • Aug 30, 2016 11:59am Aug 30, 2016 11:59am
Quoting mikeh3855
Thanks very much FX-Flux! Trend vs counter trend is always a debate. Here is USDJPY Daily. The yellow 5SMA is at shift 0 in this shot. In this obvious down trend there are many buy opportunities and many of them would be successful as long as BK8's stop loss rules were applied. However some may feel more comfortable sticking with the short trades on this chart. {image}
NP - Let me know if there are any issues
So many in the Commercial section want to make me rich! :o
  • #856
  • Aug 30, 2016 12:48pm Aug 30, 2016 12:48pm
Quoting FX-Flux
{quote} Here is the latest version of the script.
Great stuff FX-Flux, thx.

If i may ask, two things i would like to see to make this a perfect script.
1. option to open new charts in a certain template.
2. option to select crosses to watch for, iow i see many charts openend of crosses i don't like to trade and I have to manually close them all.
Persistence will get it. Consistency will keep it.
  • #857
  • Aug 30, 2016 1:00pm Aug 30, 2016 1:00pm
Hello all,
I'm New to FF and trading too
I don't have yet a consistant strategy but tried a few mainly on 4h TF, without any real success.
Bk8 approach seens interesting to me (less noise, fit 9 to 5 job + familly) that is why I plan to give it a try for a signifiant duration .
Technical approach is clear to me, but I m wondering what to do with US pairs near NFP release. ?
  • #858
  • Aug 30, 2016 1:15pm Aug 30, 2016 1:15pm
Quoting Oddbjorg
Hello Last results +13 pip long au jpy - 29 pip short eu au +19 pip short gbp u +18 pip long nz jpy +15 pip long u cad + 68 pip long u jpy + 13 pip short u chf Lucky and a good teacher in Bk8. Thank you
Great! Thanks Oddbjorg for your feedback!
  • #859
  • Aug 30, 2016 1:19pm Aug 30, 2016 1:19pm
Quoting hammadshahir
NZDUSD Anyone looking at it? {image}
Thanks hammadshair, I have not taken position but todays candle is moving as expected. Not sure how I missed it. I need to use FX's script now
  • #860
  • Aug 30, 2016 1:20pm Aug 30, 2016 1:20pm
Quoting Bestof27
Hello all, I'm New to FF and trading too I don't have yet a consistant strategy but tried a few mainly on 4h TF, without any real success. Bk8 approach seens interesting to me (less noise, fit 9 to 5 job + familly) that is why I plan to give it a try for a signifiant duration . Technical approach is clear to me, but I m wondering what to do with US pairs near NFP release. ?
Welcome Bestof27, do not worry about news too much..
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