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Monthly Profit - Daily Trading using SMA

  • #1,221
  • Sep 6, 2016 2:51am Sep 6, 2016 2:51am
Quoting mjavedh
Hear is my running trade for current week................................ {image}

I dont know which part is more attractive on this method..profits...stress free or the capability of analyze the entries in no time.

I've started to check how the price moves on intraday (H1/H4) mostly for the trades taken and open new positions for some pullbacks maximizing profits.

Thanks again Bk8
  • #1,222
  • Sep 6, 2016 2:56am Sep 6, 2016 2:56am
Goog morning. according to system rule we have sell setup in EURCHF.
  • #1,223
  • Sep 6, 2016 3:10am Sep 6, 2016 3:10am
Quoting mjavedh
Hear is my running trade for current week................................ {image}
Good decisions
  • #1,224
  • Sep 6, 2016 3:15am Sep 6, 2016 3:15am
Quoting Ghibli
{quote} Hi Oddbjorg , well this is 4X , no one knows for sure where the price will go..it's just probability.. I am short on E/J because all of the rules of this system are met to get in, today there are no high impact news about Euro or Yen.. Last 7 day candles ( except one ) was going up ,so I think there is no big consolidation ( like sideways ranging earlier from 08.03 to 08.26 ) . Also I have some technical lines to check the overall channel where the price is moving and where it can boounce/reverse etc . Decision was made ,but as I mentioned...
Ok
Thank you.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #1,225
  • Sep 6, 2016 3:48am Sep 6, 2016 3:48am
Quoting hoan
{quote} Hi all Thanks Bk8 for your strategy! This simple strategy with little time and effective Im study it and open short eurusd. please check and instruction for me if not correct {image} And please instruction for me: - sma5, shift 0 or sma5, shift 3? - D1 crossed sma5: I not understand cleary crossed as following {image}
i tried adding this method to the EA i coded. I said that at least 25% of the candle body must have crossed the line and that the candle body has to be x pips big as well. It filtered out bad trades.
So many in the Commercial section want to make me rich! :o
  • #1,226
  • Edited 4:59am Sep 6, 2016 4:08am | Edited 4:59am
Quoting yonnie
{quote} a very good presentation @ hoan - E/U closed beyond the 5 sma, but not a very good looking chart to trade: 6 days of sideways action, so there is no clear way forward. from here it might go up or down..

You right and I need consider my order

@ FX-Flux:
I do not understand D1 cut across sma5 how good for open 1 position, therefore also like to ask Bk8 or everyone.
I think you try running backtest EA to test the effective D1 crossed sma5 25%, 50%, 75%... candle body.
If you have result, that very good to increase effective of this strategy, please share
  • #1,227
  • Sep 6, 2016 5:33am Sep 6, 2016 5:33am
Quoting mjavedh
Hear is my running trade for current week.......
A nice week! you use sma5 shift3 or sma5 shift0?

I see short gbpcad, but tomorow have GBP Inflation Report Hearings & CAD overnight rate news.
Short or waiting after news? (I think >50% cad not change overnight rate)
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  • #1,228
  • Sep 6, 2016 5:35am Sep 6, 2016 5:35am
Hi bk8
T+3 close all oders, hope get 100 u
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  • #1,229
  • Sep 6, 2016 5:39am Sep 6, 2016 5:39am
Quoting hoan
{quote} You right and I need consider my order @ FX-Flux: I do not understand D1 cut across sma5 how good for open 1 position, therefore also like to ask Bk8 or everyone. I think you try running backtest EA to test the effective D1 crossed sma5 25%, 50%, 75%... candle body. If you have result, that very good to increase effective of this strategy, please share
Hi Hoan
Are you vietnamese ?
  • #1,230
  • Sep 6, 2016 5:46am Sep 6, 2016 5:46am
Quoting mjavedh
Hear is my running trade for current week................................ {image}
May I ask how you came up with your lot sizes? Are you using the 3% of your account rule?
  • #1,231
  • Sep 6, 2016 6:00am Sep 6, 2016 6:00am
Quoting mjavedh
Hear is my running trade for current week................................ {image}
I would say your trades are way too risky. With low account balance, you're trading with a total of 5.6 Lot!!! A bit of Leverage abusing.
  • #1,232
  • Sep 6, 2016 6:06am Sep 6, 2016 6:06am
Quoting hoan
{quote} You right and I need consider my order @ FX-Flux: I do not understand D1 cut across sma5 how good for open 1 position, therefore also like to ask Bk8 or everyone. I think you try running backtest EA to test the effective D1 crossed sma5 25%, 50%, 75%... candle body. If you have result, that very good to increase effective of this strategy, please share
I will share the EA that takes the percentage of candle body cross into consideration and show you the logic. I am at work now so I will post later
So many in the Commercial section want to make me rich! :o
  • #1,233
  • Sep 6, 2016 6:06am Sep 6, 2016 6:06am
Hi all,

bk8 thanks again for nice system.
Last week i made some poor decisions and entered some bad trades which got me -190 pips...
But some off those bad trades survived and i added some more trades this time being more careful and selective.
Right now i'm 2 pips in the positive, which to me shows even more how good this system is.
Persistence will get it. Consistency will keep it.
  • #1,234
  • Sep 6, 2016 6:06am Sep 6, 2016 6:06am
Just reading through this thread, which daily candle start/end time do you use? I am on Oanda Demo android, not sure if Oanda (NYC time) is different from your broker
  • #1,235
  • Sep 6, 2016 6:06am Sep 6, 2016 6:06am
Quoting blueskykt14
Hi bk8 T+3 close all oders, hope get 100 u {image}
  • #1,236
  • Sep 6, 2016 6:08am Sep 6, 2016 6:08am
Quoting Chake
Hi all, bk8 thanks again for nice system. Last week i made some poor decisions and entered some bad trades which got me -190 pips... But some off those bad trades survived and i added some more trades this time being more careful and selective. Right now i'm 2 pips in the positive, which to me shows even more how good this system is.
great, Thanks Chake for your feedback!
  • #1,237
  • Sep 6, 2016 6:11am Sep 6, 2016 6:11am
Quoting Flyangler
{quote} I dont know which part is more attractive on this method..profits...stress free or the capability of analyze the entries in no time. I've started to check how the price moves on intraday (H1/H4) mostly for the trades taken and open new positions for some pullbacks maximizing profits. Thanks again Bk8
Thanks but this system recommends daily trading only
  • #1,238
  • Sep 6, 2016 6:13am Sep 6, 2016 6:13am
Quoting mjavedh
Hear is my running trade for current week................................ {image}
Thanks for sharing stats!
  • #1,239
  • Edited 10:22am Sep 6, 2016 6:30am | Edited 10:22am
Quoting yonnie
{quote} a very good presentation @ hoan - E/U closed beyond the 5 sma, but not a very good looking chart to trade: 6 days of sideways action, so there is no clear way forward. from here it might go up or down. @ takahir: N/C 1 day late - I got in yesterday.
Finally moving in desired direction but it may change again so its right time to get out on break even if anybody does not want to take risk .. (new traders)

To be hoest with you... I enjoy some loss as well since I learn a lot from losing setups
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  • #1,240
  • Sep 6, 2016 6:37am Sep 6, 2016 6:37am
USDCAD - T+2 looks good too
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