Monthly Profit - Daily Trading using SMA | Page 86 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daily Profit - H1 Trading using SMA 751 replies

Jake Bernstein 10 SMA high 8 SMA low trading system 94 replies

SMA 200+SMA 55+SMA 5 is very profitable 49 replies

AUDUSD/AUDCHF/NZDJPY basket trading using 50 sma and 200 sma 16 replies

Programming of SMA and SMA cross over 20 replies

Attachments: Monthly Profit - Daily Trading using SMA
Exit Attachments

Monthly Profit - Daily Trading using SMA

  • #1,701
  • Sep 9, 2016 12:56am Sep 9, 2016 12:56am
Quoting alfa99
{quote} Bk8, Thank you for your reply. Could you please explain why you would not have opened positions on Jan 14 (Buy), Jan 15 (Sell), Jan 16 (Buy), Jan 22 (Sell), Jan 28 (Buy), Feb 1 (Sell), after the previous candle bars had clearly crossed SMA line according to the rules. {image}
YW alfa99, if you look at candles on 14-16 Jan..there is no trend as such so we will ignore sideways candles.. on 22nd Jan candle has huge wick so that should be ignored as well.

  1. This is far to selective,How are you going to know before the 14th that there is no trend
  2. The chop would kill the account

  • #1,702
  • Sep 9, 2016 1:16am Sep 9, 2016 1:16am
Quoting umairsheikh2
Result! {image} Thanks everyone for contribution to a great thread.
Congrats! Solid $$$
  • #1,703
  • Sep 9, 2016 1:16am Sep 9, 2016 1:16am
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 546 KB

Quoting Bk8
EN has started its journey too {image}
Bk8,
buying? Jumping on your Van ��
  • #1,704
  • Sep 9, 2016 1:35am Sep 9, 2016 1:35am
Quoting Finsia
{quote} Problem is...how do you identify the sideways market? You wont know until after it happens.
My point exactly,Anything works in a trending market,its the chop that kills most systems and you can`t identify it beforehand.You will have to scann all 28 pairs and look for the most likely setup,thats why there will never be an EA for this
  • #1,705
  • Sep 9, 2016 1:48am Sep 9, 2016 1:48am
Quoting Revs1
{quote} My point exactly,Anything works in a trending market,its the chop that kills most systems and you can`t identify it beforehand.You will have to scann all 28 pairs and look for the most likely setup,thats why there will never be an EA for this
Takes me about 15 mins Max,in the morning to scan all, BK8 thanks for a great thread
  • #1,706
  • Sep 9, 2016 1:59am Sep 9, 2016 1:59am
Hier is my trades sinds yersterday, probably there is something wrone!!! Corect me please i am losing..!!!
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 99 KB
Human beings are members of a whole, In creation of one essence and sol.
  • #1,707
  • Sep 9, 2016 2:01am Sep 9, 2016 2:01am
Hi
may I know why was sma shift change to 0 from 3. Is there a big difference? I find that 0 hugs the price closer.
thanks
  • #1,708
  • Sep 9, 2016 2:10am Sep 9, 2016 2:10am
Doing well,post to prove it really works.thanks bk8.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20160909-150517.png Size: 86 KB
  • #1,709
  • Sep 9, 2016 2:14am Sep 9, 2016 2:14am
Quoting Bk8
{quote} Yes Sam, Right now it does not look good but I am sure we will have surprise in the morning.. or since we did not have any bad day this week so Friday could be little disappointing ... lets hope for the best {image}
Quote
goldgirl;9128688]{quote} Yes, I am in. Long since 1.2824 target 1.3200

it seems it goes our way....
Money is made by sitting, not trading. Jesse L. Livermore
  • #1,710
  • Sep 9, 2016 2:18am Sep 9, 2016 2:18am
Bk8, I'm impressed by your way of trading. I've been searching for a long time any method/system that simple enough that can be run from smartphone & not time consuming. Your method fits perfectly.

I'll follow your method, but with slightly tweak from my understanding of candlestick. Will demo it for 3 months minimum before bring it to live account.
Some position that I'm in :
Attached Image (click to enlarge)
Click to Enlarge Name: 09092016 POSTION UPLOAD.png Size: 96 KB
  • #1,711
  • Sep 9, 2016 2:27am Sep 9, 2016 2:27am
Hi everyone. one problem in this system is that it don't work in sideways move. in system rules we have to avoid sideways move, but how????

Big question for all.
  • #1,712
  • Sep 9, 2016 2:34am Sep 9, 2016 2:34am
nice. euraud is working nicely
  • #1,713
  • Sep 9, 2016 2:39am Sep 9, 2016 2:39am
Quoting MrRijk
Hier is my trades sinds yersterday, probably there is something wrone!!! Corect me please i am losing..!!! {image}
Morning all,
if i may give my opinion, most of these trades were in good profit yesterday, i moved to break-even at 50 pips, especially going in to Friday, unless you like being stuck in trades over the weekend

ake Profit/Exit



  1. Take 2 positions of same setup, and close the first setup after taking profit and leave the another setup to run forever

  • #1,714
  • Sep 9, 2016 2:41am Sep 9, 2016 2:41am
Quoting saadan
Hi everyone. one problem in this system is that it don't work in sideways move. in system rules we have to avoid sideways move, but how???? Big question for all.
no 5 for below exit strategy will answer it i guess if trade goes not in our favor.
i'm personally take all signals from 29 pairs without caring about sideways or not.

Take Profit/Exit

 

  1. Take 2 positions of same setup, and close the first setup after taking profit and leave the another setup to run forever
  2. Keep moving SL for second setup as per S&R
  3. You may exit when candle touches/cross BB top/bottom line.
  4. You may exit if you have minimum 3 candles profit as part of 1:3 strategy.
  5. You may exit on break-even if setup goes in opposite direction.

Believe and Hardwork will make great result
  • #1,715
  • Sep 9, 2016 2:44am Sep 9, 2016 2:44am
Quoting saadan
Hi everyone. one problem in this system is that it don't work in sideways move. in system rules we have to avoid sideways move, but how???? Big question for all.
Again if i may, draw a line under below and above the body's of the previous candles, that will tell you, also the shape of the SMA, its a great system, but no system is infallible, i think to many people looking for the Holy Grail
  • #1,716
  • Sep 9, 2016 2:49am Sep 9, 2016 2:49am
Quoting pipmunks
Bk8, I'm impressed by your way of trading. I've been searching for a long time any method/system that simple enough that can be run from smartphone & not time consuming. Your method fits perfectly. I'll follow your method, but with slightly tweak from my understanding of candlestick. Will demo it for 3 months minimum before bring it to live account. Some position that I'm in : {image}
still holding my EG..
and also today Candle crossed SMA give me more confident to hold my position
when u take a good look youll see an incomplete Head n Shoulder pattern too
Attached Image (click to enlarge)
Click to Enlarge Name: 850514721_137567_9854956543222777807.jpg Size: 167 KB
  • #1,717
  • Sep 9, 2016 2:53am Sep 9, 2016 2:53am
Quoting KepalaBesi
{quote} still holding my EG.. and also today Candle crossed SMA give me more confident to hold my position when u take a good look youll see an incomplete Head n Shoulder pattern too {image}
GOOD
  • #1,718
  • Sep 9, 2016 2:53am Sep 9, 2016 2:53am
Quoting saadan
Hi everyone. one problem in this system is that it don't work in sideways move. in system rules we have to avoid sideways move, but how???? Big question for all.
whatever you do, you'll never have 100% hit rate.
  • #1,719
  • Sep 9, 2016 4:10am Sep 9, 2016 4:10am
Quoting Bk8
Thank you everyone for making hottest thread of FF {image}
Thank you for letting me in.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #1,720
  • Sep 9, 2016 4:16am Sep 9, 2016 4:16am
my open trad
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Picture3.jpg Size: 111 KB
Click to Enlarge Name: Picture4.jpg Size: 93 KB
Click to Enlarge Name: Picture5.jpg Size: 118 KB
21 traders viewing now