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My trendfollowing system - MA with price action

  • #21
  • Sep 9, 2016 8:03pm Sep 9, 2016 8:03pm
Hi Trendtradr83,

What do you think the Equity/Balance curve look like for a trend following system?
I also developed a trend following system, the Equity/Balance curve looks like the one attached? Is it good or not?
Attached Image (click to enlarge)
Click to Enlarge Name: mql5.PNG Size: 86 KB
Inner Trader
  • #22
  • Sep 10, 2016 2:35am Sep 10, 2016 2:35am
Quoting James.Zhang
Hi Trendtradr83, What do you think the Equity/Balance curve look like for a trend following system? I also developed a trend following system, the Equity/Balance curve looks like the one attached? Is it good or not? {image}
Hi James, I think it is a nice curve. Basically it is taking small losses for expotential growth. But your graph is over a day? It is quite a big gain
  • #23
  • Sep 10, 2016 3:42am Sep 10, 2016 3:42am
Hi,...Trendtradr83,

Happy to heard you having live account, Could you share to me what broker you use with that amount of investment? I also plan to live trading since i think its enough for demo trading.

Thx you
Ardan...
  • #24
  • Sep 10, 2016 8:12am Sep 10, 2016 8:12am
First of all thanks for taking time to write your thoughts and experiences here...

Are you a teacher or a professor by job? because the way you explained your experiences is great and felt good to read it... you really know how to explain things...

What you told is correct... for people with day jobs, it is difficult to gain more screen time so it is better to trade using higher timeframes and follow trends... still i make some mistakes here and there which would screw the account... but i'm still learning... i know i will succeed in this field one day...

By the way, you mentioned you are not using many indicators but in one of your chart, you had a lot of indicators.. i too have the same thought of you that the indicators are lagging and they will never help at all.... i mainly trade using supply/demand and price action with some use of pivots.... i'm still trying to design a strategy from this which fit to my personality and life style......

I think you could also try to use the CBOT reports to see the positions for each week/month... to understand the strength and weakness of the currencies...

It would help to see your charts or updates on your trades even when it is a loss or profit...

It is a long journey and good to make some friends on the way....
  • #25
  • Sep 10, 2016 8:57am Sep 10, 2016 8:57am
Quoting putuardan
Hi,...Trendtradr83, Happy to heard you having live account, Could you share to me what broker you use with that amount of investment? I also plan to live trading since i think its enough for demo trading. Thx you Ardan...
Hey putuardan, how you doing with ur demo? Gd to start a live account to understand the pain lol. But start small. I use Oanda now. Used ibfx before. Ibfx has pretty large spread say 1 plus 2 pips for eurusd but more stable during news. Oanda spread is lesser usually but during news it explodes, and also when you leave it over the weekend, for pairs like GBPNZD you have 40 pips spread. So need to be careful, but overall, I will say Oanda has pretty good support. Just find the more reputable ones. Hope it helps
  • #26
  • Sep 10, 2016 9:07am Sep 10, 2016 9:07am
Quoting tradeforlife
First of all thanks for taking time to write your thoughts and experiences here... Are you a teacher or a professor by job? because the way you explained your experiences is great and felt good to read it... you really know how to explain things... What you told is correct... for people with day jobs, it is difficult to gain more screen time so it is better to trade using higher timeframes and follow trends... still i make some mistakes here and there which would screw the account... but i'm still learning... i know i will succeed in this...
Thanks for the comments bro. I am surprised you say I wrote it clearly. I apologize it is all words, will try to post more charts. It is a long journey and still on-going but if others can do it, so can you and I. Sometimes you just need that spark to change your thinking.

by the way, about indicators. What I meant is, I do not use an indicator to buy or sell when it reached oversold or overbought. But if you read my post, I do use moving averages (as dynamic support and resistance) together with candlestick (bullish/bearish ones) to guide my entry.

MA I used are 5,10,20,50,100,200,365 on D1, WK, MN. Try putting them on your chart and see how price and the candlesticks move with the MA and react with it, but since such reaction is not a confirmation, we need to see candlesticks to confirm
  • #27
  • Sep 11, 2016 7:46am Sep 11, 2016 7:46am
Going for CADJPY short.

Is EUR strong? Maybe
Attached Image (click to enlarge)
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  • #28
  • Sep 18, 2016 3:30am Sep 18, 2016 3:30am
Quoting Trendtradr83
Going for CADJPY short. Is EUR strong? Maybe {image}
CADJPY has been in a down week in the past week. if you have longed. EURCAD, you should be profitable too.

this week, we will look at GBPJPY and CADJPY
Attached Image (click to enlarge)
Click to Enlarge Name: 19-23 Sep .jpg Size: 232 KB
  • #29
  • Sep 24, 2016 8:49pm Sep 24, 2016 8:49pm
Quoting Trendtradr83
{quote} CADJPY has been in a down week in the past week. if you have longed. EURCAD, you should be profitable too. this week, we will look at GBPJPY and CADJPY {image}
both trades should have put you in profit.

For upcoming week, to look for entries in the following


Long
AUDCAD

Short
GBPJPY CADJPY GBPAUD
Attached Image (click to enlarge)
Click to Enlarge Name: 26-30 Sep.JPG Size: 147 KB
  • #30
  • Dec 26, 2016 10:58pm Dec 26, 2016 10:58pm
Hi Trantradr83

you have a great experience in trading FX. when I read your threard I feel amazed you have done for years.
Can u tell me more about your system? because I also use MA as my indi.
can you explain ( logic ) why u used the MA period (20,50 etc) ? fo example (this methode I used) we used MA with period 480 in time frame 1H to measure price monthly movement, why I used period 480? answer: we know that there are 24 candles a day in H1 and there are 5 days in a week for trading if so, I used 24 X 5 = 120 then there are (4) weeks in a month: 120 X 4 =480


sorry for my english

from newbie
  • #31
  • Dec 27, 2016 1:01am Dec 27, 2016 1:01am
hello kholid can u share ur indicator..... which MA u r using
  • #32
  • Dec 28, 2016 8:08pm Dec 28, 2016 8:08pm
No reply till now......did the thread is alive or nobody is not interested in reply
  • #33
  • Mar 18, 2017 9:42pm Mar 18, 2017 9:42pm
Quoting Srk88
Hi Trantradr83 you have a great experience in trading FX. when I read your threard I feel amazed you have done for years. Can u tell me more about your system? because I also use MA as my indi. can you explain ( logic ) why u used the MA period (20,50 etc) ? fo example (this methode I used) we used MA with period 480 in time frame 1H to measure price monthly movement, why I used period 480? answer: we know that there are 24 candles a day in H1 and there are 5 days in a week for trading if so, I used 24 X 5 = 120 then there are (4) weeks in a month:...
Hi Srk88, sorry I haven't logged in for a while. I used 20MA to define trend on higher timeframes. As mentioned, IMO it does not really if you use 480 or some other number. 480 will be for a longer trend while 20 is more immediate. 480 will probably result in you having to handle more retracements not in your direction of trade.

20MA and 50MA are quite standard MAs to use. 20MA is used for Bollinger band also. hope my reply helps.
  • #34
  • Mar 19, 2017 7:36am Mar 19, 2017 7:36am
March 20-24 2017

Monthly
AUD NZD USD JPY CHF CAD EUR GBP

Weekly
AUD JPY GBP CHF NZD CAD EUR USD

Strong
AUD

Weak
EUR

SHORT EURAUD
  • #35
  • Mar 30, 2017 10:42pm Mar 30, 2017 10:42pm
27-31 March
Monthly
AUD NZD JPY USD CHF CAD EUR GBP
Weekly
JPY GBP CHF EUR NZD USD CAD AUD

Strong
JPY
Weak

CAD
SHORT CADJPY

Only posted it now. Blindly shorting it would be a bad move. Price at weekly support level and had moved up this whole week. However, price is at a resistance level now at 83.5. It may signify a new leg down
  • #36
  • Mar 30, 2017 10:44pm Mar 30, 2017 10:44pm
Quoting Trendtradr83
27-31 March Monthly AUD NZD JPY USD CHF CAD EUR GBP Weekly JPY GBP CHF EUR NZD USD CAD AUD Strong JPY Weak CAD SHORT CADJPY Only posted it now. Blindly shorting it would be a bad move. Price at weekly support level and had moved up this whole week. However, price is at a resistance level now at 83.5. It may signify a new leg down
Should be 83.8 not 83.5
  • #37
  • Apr 1, 2017 12:41am Apr 1, 2017 12:41am
Quoting Trendtradr83
March 20-24 2017 Monthly AUD NZD USD JPY CHF CAD EUR GBP Weekly AUD JPY GBP CHF NZD CAD EUR USD Strong AUD Weak EUR SHORT EURAUD
hello TT83,

on my chart eur is stronger than the aud for the month from 20 February to 17 March.
open price on 20th of February is 1.3830 and closing price on the 17th of March is 1.3935.
are you measuring something differently?
  • #38
  • Apr 2, 2017 6:27am Apr 2, 2017 6:27am
Quoting yonnie
{quote} hello TT83, on my chart eur is stronger than the aud for the month from 20 February to 17 March. open price on 20th of February is 1.3830 and closing price on the 17th of March is 1.3935. are you measuring something differently?
I use 20MA to define monthly trend. Hope it clarifies
  • #39
  • Apr 2, 2017 6:27am Apr 2, 2017 6:27am
3-7 Apr

Monthly
AUD NZD JPY USD CAD CHF EUR GBP

Weekly
GBP CAD USD AUD NZD JPY CHF EUR

Weak
EUR

Strong
AUD

SHORT EURAUD
  • #40
  • Apr 3, 2017 10:03am Apr 3, 2017 10:03am
Very nice way of trading does the indicator still working?
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