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Monthly Profit - Daily Trading using SMA

  • #1,441
  • Sep 7, 2016 12:26pm Sep 7, 2016 12:26pm
Quoting FX-Flux
{quote} What does it do?

shows amount of pips and value ...
  • #1,442
  • Sep 7, 2016 1:35pm Sep 7, 2016 1:35pm
Great thread reminds one of eelfranz, the legend of the Trade Made Simple thread .Thank you Bk8 for creating another simple but powerful system
  • #1,443
  • Sep 7, 2016 1:47pm Sep 7, 2016 1:47pm
I'd like to see people post their trade explorers for this. Would be interesting to see how everyone has done.
So many in the Commercial section want to make me rich! :o
  • #1,444
  • Sep 7, 2016 2:14pm Sep 7, 2016 2:14pm
Hi Bk8,
Thank you for this strategy and all the time you have put in to helping others. I have been following you from the sidelines. I have been trading it on a small live account now for a few weeks and it is working very well for me. Thanks again.
  • #1,445
  • Sep 7, 2016 2:17pm Sep 7, 2016 2:17pm
Hi Bk8, just found the thread and read the first 33 pages...
I love the simplicity of the system - I've been trying something similar myself with the 15 min timeframe.
Just a question: how do you deal with the big news, like Rate of interest, GDP etc? I'm always afraid that the spikes generated in those 5 mins would hit my SL (and then take the right direction!)

Take this for example. It's a good setup, but high volatility is expected for tomorrow afternoon (here in London) - ECB rate announcement...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 35 KB
  • #1,446
  • Sep 7, 2016 3:34pm Sep 7, 2016 3:34pm
Quoting ErikH
Hi Bk8, just found the thread and read the first 33 pages... I love the simplicity of the system - I've been trying something similar myself with the 15 min timeframe. Just a question: how do you deal with the big news, like Rate of interest, GDP etc? I'm always afraid that the spikes generated in those 5 mins would hit my SL (and then take the right direction!) Take this for example. It's a good setup, but high volatility is expected for tomorrow afternoon (here in London) - ECB rate announcement... {image}
This one looks tasty
So many in the Commercial section want to make me rich! :o
  • #1,447
  • Sep 7, 2016 3:36pm Sep 7, 2016 3:36pm
Quoting Bk8
Looks like EUR tried hard to wipe off my profit when I was sleeping but it gave up due to our wonderful SL strategy Please note that EURAUD was not part of this startegy.. I took this position as part of some other experiment but later I reliazed that setup can be converted to daily position {image}

Hello!
First of all, Thanks a lot for share with us your strategy!!
now, the question. lol
Which pairs is the best pairs for that strategy?
  • #1,448
  • Sep 7, 2016 3:59pm Sep 7, 2016 3:59pm
Gbpchf looks admirably great from a distance
Attached Image
  • #1,449
  • Edited 4:46pm Sep 7, 2016 4:08pm | Edited 4:46pm
daily candle closed 8 min ago.

buy E/G
sell G/CH

any comments?

@ Bk8: would you close CH/J and U/J seeing the large retracement?
for the moment I have the SL behind the previous candle + 15 pips.

bought E/U yesterday and 1st day is against my position.
tightened the stop from 1.1125 to 1.1218, the low of the previous candle minus 10 pips.
how do you handle this situation?
thank you Bk8
  • #1,450
  • Sep 7, 2016 4:10pm Sep 7, 2016 4:10pm
Quoting FX-Flux
I'd like to see people post their trade explorers for this. Would be interesting to see how everyone has done.
Hi,

How i can set lot size with you script now fix lot 1

Thankyou
  • #1,451
  • Sep 7, 2016 4:10pm Sep 7, 2016 4:10pm
Quoting ochato
{quote} Hello! First of all, Thanks a lot for share with us your strategy!! now, the question. lol Which pairs is the best pairs for that strategy?
I don't mean to offend you but this has been asked before.

This is for all who have not done so..
Read the thread, how on earth would you trade this if you have not read it?
Put some effort in, nothing comes free in this world, not even a simple system like this, reading the thread is the very very very tiny amount you have to pay.
Persistence will get it. Consistency will keep it.
  • #1,452
  • Sep 7, 2016 4:12pm Sep 7, 2016 4:12pm
Quoting arham97
Here is how I'm doing for the day: {image}
Great, Thanks very much for sharing arham!
  • #1,453
  • Sep 7, 2016 4:13pm Sep 7, 2016 4:13pm
Quoting imifx
{quote} Â Many thanks... My first trade with this strategy is profitable... I eclosed before news.. {image}
Thanks for sharing, good luck!
  • #1,454
  • Sep 7, 2016 4:16pm Sep 7, 2016 4:16pm
Closed UJ and CHJ from yesterday for small 27 pip profits. Didn't like the long tails and price bounce on them.

EJ and EU still open.

Sold GJ, GCH. Bought EG today. Watch for Euro red news tomorrow. Actually GJ is a sell limit at 135.85.
  • #1,455
  • Sep 7, 2016 4:19pm Sep 7, 2016 4:19pm
Quoting aje6767
Great thread reminds one of eelfranz, the legend of the Trade Made Simple thread .Thank you Bk8 for creating another simple but powerful system
I read some of his posts when I was clueless about forex back in 2015..he was amazing, @Emmanuel is doing great work on his thread and still active due to him.
Thanks very much for your feedback!
  • #1,456
  • Sep 7, 2016 4:20pm Sep 7, 2016 4:20pm
Quoting Brian214
Hi Bk8, Thank you for this strategy and all the time you have put in to helping others. I have been following you from the sidelines. I have been trading it on a small live account now for a few weeks and it is working very well for me. Thanks again.
Thanks very much Brian for your great feedback, please keep us posted.
  • #1,457
  • Sep 7, 2016 4:25pm Sep 7, 2016 4:25pm
Quoting befusion
{quote} Hi, How i can set lot size with you script now fix lot 1 Thankyou
Why? Do you actually want to use it on a real account?
So many in the Commercial section want to make me rich! :o
  • #1,458
  • Sep 7, 2016 4:25pm Sep 7, 2016 4:25pm
Quoting ErikH
Hi Bk8, just found the thread and read the first 33 pages... I love the simplicity of the system - I've been trying something similar myself with the 15 min timeframe. Just a question: how do you deal with the big news, like Rate of interest, GDP etc? I'm always afraid that the spikes generated in those 5 mins would hit my SL (and then take the right direction!) Take this for example. It's a good setup, but high volatility is expected for tomorrow afternoon (here in London) - ECB rate announcement... {image}
Its better to ignore some specific paris when big RED news expected, but if you can not control then just spend little amount for fun.
As @yonnie mentioned, this setup looks very tempting
  • #1,459
  • Sep 7, 2016 4:26pm Sep 7, 2016 4:26pm
Quoting yonnie
daily candle closed 8 min ago. buy E/G sell G/CH any comments?
I took a gamble

I've let my EA manage the demo account. Only filtering out pairs with large spreads.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-09-07 at 22.27.18.png Size: 109 KB
So many in the Commercial section want to make me rich! :o
  • #1,460
  • Sep 7, 2016 4:27pm Sep 7, 2016 4:27pm
Quoting ochato
{quote} Hello! First of all, Thanks a lot for share with us your strategy!! now, the question. lol Which pairs is the best pairs for that strategy?
So far we did not shortlisted paris, some traders had success with gold too so you can try anywhere..as long as spread is manageable and previous charts confirm the probability of success more than 80%.
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