Monthly Profit - Daily Trading using SMA | Page 71 | Forex Factory

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Monthly Profit - Daily Trading using SMA

  • #1,401
  • Sep 7, 2016 8:32am Sep 7, 2016 8:32am
Quoting Karemi-Trade
{quote} Na mate, just because I'm pointing out the importance of correlations in a portfolio doesn't mean I don't like the thread. Different opinions can be usefull.
Karemi Trade,
Your contribution on correlations is welcome anytime but not the criticism of this tested strategy. BK8 strategy rocks.
It appears you are only out to criticise this strategy and not to make any meaning contribution. If you have a different opinion that can help better the performance of this laudable effort from BK8, please go ahead and share it for everybody to see.
However, anything that will complicate this simple and effective strategy is not really necessary.
  • #1,402
  • Sep 7, 2016 9:05am Sep 7, 2016 9:05am
Quoting indy360
{quote} Hi Bk8, Been following along and i'm also getting great results, thank you for sharing. Would you advise moving SL to BE at +50 pips or just moving to previous candle H/L + 15 pips at the end of each day. I have a healthy + 835 at the moment, I don't want to give it back on a reversal but equally I want to let the runners run. Appreciate your thoughts. Thanks.
Thanks for your feedback indy! I do not recommend to keep moitoring positions all the time.
Ideally we should be spending max 15 minutes after D1 close. Since we are in initial phase and excited about positive results so I do want to disappoint the group if reversal happens..
We can use this strategy when market is volatile or red news can wipe off profits.
  • #1,403
  • Sep 7, 2016 9:07am Sep 7, 2016 9:07am
pretty cool strategy bk8. thumbs up! i had fun trialing this haha!
  • #1,404
  • Sep 7, 2016 9:09am Sep 7, 2016 9:09am
Quoting Bk8
{quote} Thanks for your feedback indy! I do not recommend to keep moitoring positions all the time. Ideally we should be spending max 15 minutes after D1 close. Since we are in initial phase and excited about positive results so I do want to disappoint the group if reversal happens.. We can use this strategy when market is volatile or red news can wipe off profits.

Thanks BK8, I keep looking at the profit, but also wanting to take the profit.... Just check end of day discipline is required.
  • #1,405
  • Sep 7, 2016 9:11am Sep 7, 2016 9:11am
Quoting imifx
{quote} Â Thanks for sharing the stress free trading strategy.... Â Can you please check EU chart and advise
Thanks imifx for your feedback, lets analyze after D1 close. You can follow other contributer's posts for setup e.g. @yonnie, @shum, @Alam,@keep4x, @shaan and many more
  • #1,406
  • Sep 7, 2016 9:15am Sep 7, 2016 9:15am
Quoting lesuer26
Hello BK8, I do not know how an SMA strategy can be profitable, but the last 3 weeks I have made 5-10% consistently, THANK YOU!!!! I am re-reading the entire post again to try to pick up anything that I missed, Question: are we using SMA 5,0 or 5,3 now?
Great, Thanks very much lesuer.. Please keep sharing your results regardless positive or negative, that would be a great favor for all of us.
  • #1,407
  • Sep 7, 2016 9:17am Sep 7, 2016 9:17am
Quoting KepalaBesi
closed some position that i think will reverse soon {image}
You took it seriously Once you are confident about this setup.. please take/modify positions only after D1 close.
  • #1,408
  • Sep 7, 2016 9:20am Sep 7, 2016 9:20am
Quoting IrishTrader
Yummy!!! Time to close UC and EJ Up 300 pips {image}
@Irish - Your account value is almost similar to me. I think we do not have to be nervous. My SL suggestions was for new guests who are not sure about this system or putting lots of money into it.
  • #1,409
  • Sep 7, 2016 9:22am Sep 7, 2016 9:22am
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I Will Never Give Up
  • #1,410
  • Sep 7, 2016 9:23am Sep 7, 2016 9:23am
Maybe this was answered previously...

Which is the pairs that works best for this strategy?

Thanks
  • #1,411
  • Sep 7, 2016 9:24am Sep 7, 2016 9:24am
Quoting learn2fly
{image}
Awesome.. Thanks very much learn2fly for sharing!
  • #1,412
  • Sep 7, 2016 9:57am Sep 7, 2016 9:57am
this week 263pip eu run
thank for u bk8
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  • #1,413
  • Sep 7, 2016 10:02am Sep 7, 2016 10:02am
@Bk8, you said about 10 % account value use for trade. Could you give me formula to count lot size of 10% account value? thank you. Newbie
  • #1,414
  • Sep 7, 2016 10:04am Sep 7, 2016 10:04am
Quoting saranga
this week 263pip eu run thank for u bk8 {image} {image} {image}
Thanks very much for sharing saranga.. results will help every one to determine the potential of this Strategy! Please keep sharing.. appreciate it.
  • #1,415
  • Sep 7, 2016 10:04am Sep 7, 2016 10:04am
Quoting FX-Flux
{quote} It is a script that will open up all the charts that had a candle crossover. It also can open each of the positions and set the initial stop loss. It does not manage the trades from there though, as this is something you can do yourself, daily. It can filter by spread and tries to filter out sideways moving pairs.
I assume these are the files?

Thanks FX-Flux
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  • #1,416
  • Sep 7, 2016 10:06am Sep 7, 2016 10:06am
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Life = forex ?

@bk8 : you are the boss
I Will Never Give Up
  • #1,417
  • Sep 7, 2016 10:09am Sep 7, 2016 10:09am
Quoting Takahir
@Bk8, you said about 10 % account value use for trade. Could you give me formula to count lot size of 10% account value? thank you. Newbie
Suppose your account value is $1000 so you should not take positions more than 10 incase all setups go against you and you lose $10 from each setup ie. total $100.
Ideally risk should not be more than 2-3% but I am confident about this strategy so I thought 10% should be fine.

Also you should not investing all 10 positions on same pair.. try to mix and match so that some loser setups can be compensated with winners.
  • #1,418
  • Sep 7, 2016 10:13am Sep 7, 2016 10:13am
Quoting learn2fly
{image} Life = forex ? @bk8 : you are the boss
Ha ha, 100% agree.. I am a Software Architect.. and I observe same issue in my profession where people try to make simple things so complicated that does not makes sense. My simplicity based views has been appreciated in my profession too so I like to keep everything simple as much as I can.
  • #1,419
  • Sep 7, 2016 10:14am Sep 7, 2016 10:14am
Quoting learn2fly
{image} Life = forex ? @bk8 : you are the boss

  • #1,420
  • Sep 7, 2016 10:18am Sep 7, 2016 10:18am
Quoting Alamhakim
{quote}
Just to clarify.. I am not the boss you guys are helping me to prove that simplicity is the best
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