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Monthly Profit - Daily Trading using SMA

  • #1,841
  • Sep 9, 2016 11:54am Sep 9, 2016 11:54am
Quoting saadan
{image}
Since I'm trading, Monday is my favorite and Friday the most unfavorite.
  • #1,842
  • Sep 9, 2016 11:55am Sep 9, 2016 11:55am
English is not my native language, but i think there is an error here...(First Post)

Quote
Avoid
Quote

  1. Risk - Do not take positions more than 5% of account value and do not take multiple positions on same pair, even setup is 100% correct

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

  • #1,843
  • Sep 9, 2016 12:05pm Sep 9, 2016 12:05pm
Quoting sam69
{quote} {quote} it seems it goes our way....
Yeah. Anyway, I am done for today. Shall look for retracement for another entry to achieve 1.3200.

Green pips folks.
  • #1,844
  • Sep 9, 2016 12:15pm Sep 9, 2016 12:15pm
Quoting goldgirl
{quote} Yeah. Anyway, I am done for today. Shall look for retracement for another entry to achieve 1.3200. Green pips folks.
@goldgirl- we are discussing rules listed on post#1 only. Looks like you are experimenting so many other startegies?
  • #1,845
  • Sep 9, 2016 12:18pm Sep 9, 2016 12:18pm
Can someone recomand me to a real ECN broker ?
Human beings are members of a whole, In creation of one essence and sol.
  • #1,846
  • Sep 9, 2016 12:32pm Sep 9, 2016 12:32pm
Quoting Bk8
{quote} @goldgirl- we are discussing rules listed on post#1 only. Looks like you are experimenting so many other startegies?
Yeah. I normally combine a few indicators in order to do my entry and exit. This is for a better percentage of confirmation. Anyway, on D1 chart USDCAD is crossing above the SMA (5,0) and on 3rd D1 upside candle now. Would expect for a "breathing" period.
  • #1,847
  • Sep 9, 2016 12:33pm Sep 9, 2016 12:33pm
Attached File(s)
File Type: ex4 mn Show Profit Alerts.ex4   24 KB | 341 downloads
  • #1,848
  • Sep 9, 2016 12:45pm Sep 9, 2016 12:45pm
Quoting goldgirl
{quote} Yeah. I normally combine a few indicators in order to do my entry and exit. This is for a better percentage of confirmation. Anyway, on D1 chart USDCAD is crossing above the SMA (5,0) and on 3rd D1 upside candle now. Would expect for a "breathing" period.
Yep - we earned 140 pips on UC today so far
Attached Image (click to enlarge)
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  • #1,849
  • Sep 9, 2016 12:49pm Sep 9, 2016 12:49pm
Quoting Bk8
{quote} Yep - we earned 140 pips on UC today so far {image}
You tolled us to use SMA of 5 period and 3 shift according to this setting still their is no trade but if we use 5,0 setting then there is a Great trade
  • #1,850
  • Sep 9, 2016 12:50pm Sep 9, 2016 12:50pm
Bought usd/cad last night... 24.8% return this week... thank you Bk8!!
  • #1,851
  • Sep 9, 2016 12:54pm Sep 9, 2016 12:54pm
Quoting DjPriz
Bought usd/cad last night... 24.8% return this week... thank you Bk8!!
Awesome Keep going..
  • #1,852
  • Sep 9, 2016 12:56pm Sep 9, 2016 12:56pm
Quoting Draffi
English is not my native language, but i think there is an error here...(First Post) {quote}{quote}
Sorry I may need glass... but still not able to figure out where?
  • #1,853
  • Sep 9, 2016 1:05pm Sep 9, 2016 1:05pm
Quoting Bk8
{quote} Sorry I may need glass... but still not able to figure out where?
I noticed it here:

Quoting Bk8
You may exist on breakeven if setup goes in opposite direction.
It did make me chuckle at though thought of transcending through states of existence

Quoting Bk8
{quote} Thank god.... I was thinking about you in the morning since you are one of our top contributors
So many in the Commercial section want to make me rich! :o
  • #1,854
  • Sep 9, 2016 1:11pm Sep 9, 2016 1:11pm
Quoting saranga
total pip 230 total 45$ today bad trad me more study bk8 system {image}
hi saranga
would u like u share this pip caculator indicator with us .
thanks
  • #1,855
  • Sep 9, 2016 1:11pm Sep 9, 2016 1:11pm
Great system! The psychology part starts when you're holding trades and trying to set stop losses.
Here's a link to a trade simulator with great scripts and a nice tutorial on how to use it. I found it good for practicing my exits.
Thanks again Bk8.

http://www.forexfactory.com/showthread.php?t=70742
  • #1,856
  • Sep 9, 2016 1:15pm Sep 9, 2016 1:15pm
Quoting mikeh3855
Great system! The psychology part starts when you're holding trades and trying to set stop losses. Here's a link to a trade simulator with great scripts and a nice tutorial on how to use it. I found it good for practicing my exits. Thanks again Bk8. http://www.forexfactory.com/showthread.php?t=70742
thanks mikeh.
it will help a lot.
  • #1,857
  • Sep 9, 2016 1:16pm Sep 9, 2016 1:16pm
Quoting mikeh3855
Great system! The psychology part starts when you're holding trades and trying to set stop losses. Here's a link to a trade simulator with great scripts and a nice tutorial on how to use it. I found it good for practicing my exits. Thanks again Bk8. http://www.forexfactory.com/showthread.php?t=70742
That could be useful. Although i used my EA to test this strategy at it seems to check out. Even when you take into consideration that the EA takes a few bad trades and can't spot sideways movements as good as we can.
So many in the Commercial section want to make me rich! :o
  • #1,858
  • Sep 9, 2016 1:22pm Sep 9, 2016 1:22pm
Bk8, you mention you tested this strategy for about 6 months with the old SMA (5,3). What was your average monthly gain and maximum drawdown?

This really is a simple strategy and seems too good to be true! But everyones results are really good. The new SMA(5,0) rule seems to be giving us better entries than the original rule, how did you decide on the original 5,3 shift?
So many in the Commercial section want to make me rich! :o
  • #1,859
  • Sep 9, 2016 1:30pm Sep 9, 2016 1:30pm
@B8k: I meant this:

Quote
... do not take multiple positions on same pair, even setup is 100% correct ...

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

Or i missunderstood something?
  • #1,860
  • Sep 9, 2016 1:31pm Sep 9, 2016 1:31pm
Doing good😊
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Human beings are members of a whole, In creation of one essence and sol.
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