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Monthly Profit - Daily Trading using SMA

  • #1,861
  • Sep 9, 2016 1:44pm Sep 9, 2016 1:44pm
Quoting FX-Flux
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?
Hi Fx-Flux,

Here is the story...

Long time back ..somewhere I found a system, that was using EMA (5,3) and various other indicators e.g. TDI, etc but that did not work for me, whatever the reason.
Then I was following someone's blog, who recommended BB Top line cross when candle is longer than previous candle for short, and BB bottom line for Long..
That worked once in a while but not very consistent.

So this way I end up with 2 indicators on my charts, i.e. EMA and BB.. I used to stare charts all the time.
I noticed that BB middle line cross is giving some positive results...but after some time I gave up due to inconsistency.
Then I tried EMA 5,3 alone.. same issue as BB... then just for the sake of experiment I changed to SMA without changing shift and started getting surprising results!!!

To be honest with you I kept experimenting other strategies, like others I want to make money very fast(even today) . but so far SMA is the only strategy never let down and I am consistent profitable for last 6-7 months but I can not give you exact stats in terms of percentage. e.g. I was experimenting during BREXIT and that wiped off all my profits..

I think 2 weeks back someone asked me on this thread, what shift 3 does, when I was working on example to explain - MA shift and justify why shift 3 is better,
I noticed that shift 0 is even better...than SMA 5,3 or SMA 5, -3

We did backtest too and noticed very encouraging results.. I hope I was able to explain you.
  • #1,862
  • Sep 9, 2016 1:55pm Sep 9, 2016 1:55pm
Quoting Bk8
{quote} Hi Fx-Flux, Here is the story... Long time back ..somewhere I found a system, that was using EMA (5,3) and various other indicators e.g. TDI, etc but that did not work for me, whatever the reason. Then I was following someone's blog, who recommended BB Top line cross when candle is longer than previous candle for short, and BB bottom line for Long.. That worked once in a while but not very consistent. So this way I end up with 2 indicators on my charts, i.e. EMA and BB.. I used to stare charts all the time. I noticed that BB middle line...
Ah very interesting.

I can imagine Brexit was hard. I had an EA of mine running that was 25% up and over the Brexit period it killed my profit. I was actually worried that Brexit would ruin some good strategies, and it did! But i think things are returning into a good rhythm now.

Lets hope all this lasts!
So many in the Commercial section want to make me rich! :o
  • #1,863
  • Sep 9, 2016 2:00pm Sep 9, 2016 2:00pm
So, guys... do we move to break even on some of the big movements of the day?
So many in the Commercial section want to make me rich! :o
  • #1,864
  • Sep 9, 2016 2:19pm Sep 9, 2016 2:19pm
My results for the week. Need to focus on my TP/SL skills. I left pips on the table on many of the trades this week that reversed and skipped out on other trades being too conservative or over-analyzing the setups. Also, I mixed both the 5/3 and 5/0 settings.

Combined pips: -16 which includes a couple trades not part of the strategy.

Strategy pips: +149 pips

Trades:
GCAD -100
GU +39
GJ -31
GJ +2
GCHF +20
EG +33
CHJ +28
EU +72
UJ +27
EJ +59

Trades I took that were not part of this strategy:
GJ -81
GJ -84
  • #1,865
  • Sep 9, 2016 2:36pm Sep 9, 2016 2:36pm
Markets change, so I think SMA needs to be tweaked every now and then.

SMA 5 is almost identical to WMA 6. Some of you might remember jjrvat's WMA 6 thread on elite trader.
  • #1,866
  • Sep 9, 2016 2:46pm Sep 9, 2016 2:46pm
Quoting Karemi-Trade
Markets change, so I think SMA needs to be tweaked every now and then. SMA 5 is almost identical to WMA 6. Some of you might remember jjrvat's WMA 6 thread on elite trader.
Karemi- we have tested using last 5 years data.. so I do not think we need to tweak any more, unless you have stats and SMA is not giving result.
  • #1,867
  • Sep 9, 2016 3:15pm Sep 9, 2016 3:15pm
Quoting Bk8
{quote} Karemi- we have tested using last 5 years data.. so I do not think we need to tweak any more, unless you have stats and SMA is not giving result.
History repeats itself and I know that SMA 5,0 is the best setting before, now and in future. Let God almighty deliver US
  • #1,868
  • Sep 9, 2016 3:15pm Sep 9, 2016 3:15pm
As the market begins to settle for the week. It's showing me ~21% up for the week. Imagine if that was every week!
So many in the Commercial section want to make me rich! :o
  • #1,869
  • Sep 9, 2016 3:33pm Sep 9, 2016 3:33pm
Quoting FX-Flux
As the market begins to settle for the week. It's showing me ~21% up for the week. Imagine if that was every week!
  • #1,870
  • Sep 9, 2016 3:36pm Sep 9, 2016 3:36pm
Quoting Bk8
{quote} I wish I can but I am allowed to use phone in bathroom only at home and I have back to back meetings in the office
Like me
I tested tms strategy 6month later but not very successful with that.I try this week work with this method and get good results.this strategy very simple and very profitable and very important a lot of people in this thread can get the same results.thanks bk
  • #1,871
  • Sep 9, 2016 3:37pm Sep 9, 2016 3:37pm
Quoting MayorE
{quote} History repeats itself and I know that SMA 5,0 is the best setting before, now and in future. Let God almighty deliver US
  • #1,872
  • Sep 9, 2016 3:41pm Sep 9, 2016 3:41pm
Quick question...We're holding onto EG long from 2 days ago with stoploss at break even, correct?
  • #1,873
  • Sep 9, 2016 3:54pm Sep 9, 2016 3:54pm
Quoting mortezakh
{quote} Like me I tested tms strategy 6month later but not very successful with that.I try this week work with this method and get good results.this strategy very simple and very profitable and very important a lot of people in this thread can get the same results.thanks bk
Thanks very much mortezakh for your feedback!
  • #1,874
  • Sep 9, 2016 4:08pm Sep 9, 2016 4:08pm
I have read through every post since #1 and am very interested. I really like the simplicity of the system and have been developing a system very similar to yours so when I seen yours I knew it had promise. I have a live account and have been trading it this week live with very small position sizes. For this week it has performed excellently, I have followed all the rules to a T and defiantly like it. Consider me subscribed and I shall defiantly be following this thread from now on. Like yourself BK8 have tried several different systems and have had mixed results with all of them, nothing consistent. The conclusion I came to is that one MUST trade the daily charts to cut out the banks triggering stop losses every 2 out of 3 trades. And the smoothed SMA used on a trending chart is the way to go. I like all of it and I think it is better than what I was trying to develope and dropped mine like a rock and adopted yours. Also since it was close to mine I feel like it is something i can easily stick with. Thank you for sharing your system.
  • #1,875
  • Sep 9, 2016 4:09pm Sep 9, 2016 4:09pm
I do have a question about Friday's. Do you open new position as soon as the markets open up Sunday or wait a bit for the Weekend gap to settle down?
  • #1,876
  • Sep 9, 2016 4:55pm Sep 9, 2016 4:55pm
Quoting Bk8
{quote} Hi Fx-Flux, Here is the story... Long time back ..somewhere I found a system, that was using EMA (5,3) and various other indicators e.g. TDI, etc but that did not work for me, whatever the reason. Then I was following someone's blog, who recommended BB Top line cross when candle is longer than previous candle for short, and BB bottom line for Long.. That worked once in a while but not very consistent. So this way I end up with 2 indicators on my charts, i.e. EMA and BB.. I used to stare charts all the time. I noticed that BB middle line...
@BK & FX-flux

Actually, I trade stocks on EMA9 and EMA26 cross combined with RSI (also very simple strategy and it works for me). But I am surprised to see what just SMA5 can do. It's helping me to jump into forex. My total return this month (ten days) is about 37%.
  • #1,877
  • Sep 9, 2016 5:45pm Sep 9, 2016 5:45pm
Quoting hammadshahir
{quote} @BK & FX-flux Actually, I trade stocks on EMA9 and EMA26 cross combined with RSI (also very simple strategy and it works for me). But I am surprised to see what just SMA5 can do. It's helping me to jump into forex. My total return this month (ten days) is about 37%.
Great, welcome back.. you may not like to trade stock again
  • #1,878
  • Sep 9, 2016 6:46pm Sep 9, 2016 6:46pm
Just sneak to leave a little info ( during my "weekend " ) , I moved my last G/U order to BE ..now it's +25.8 pips.. so I will not risk anything..
Read 1st post , if you don't understand something , then , ask a question
  • #1,879
  • Sep 9, 2016 6:55pm Sep 9, 2016 6:55pm
Hello Bk8.. this indeed looks like an amazingly simple strategy to follow... well done to you and god bless for sharing.

Quoting Ghibli
Ok, here is my piece of pie, for this week.. OVERALL (without G/U still runnig ) + 964 pips for this week EUR/AUD + 80 USD/CHF + 43 AUD/USD + 54 GOLD + 248 CAD/CHF + 15 USD/CAD + 79 EUR/JPY + 41 NZD/CAD -57 GBP/AUD + 88 GBP/JPY + 86 CHF/JPY + 52 CAD/JPY + 39 EUR/GBP + 52 GBP/CHF + 1 EUR/AUD + 105 EUR/JPY + 28 EUR/CHF +10 GBP/USD still running.. now +31
@ghibli... superb week with 964 pips - is there any discretionary exit/TP strategy you follow or do you stick to the TP rules that Bk8 originally shared?

Good weekend to all
  • #1,880
  • Sep 9, 2016 7:07pm Sep 9, 2016 7:07pm
Hello
Sma5 and bb I am beginning to understand, but can someone say a little about sma0?
Thank you
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
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