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Monthly Profit - Daily Trading using SMA

  • #1,881
  • Sep 9, 2016 8:24pm Sep 9, 2016 8:24pm
Quoting Oddbjorg
Hello Sma5 and bb I am beginning to understand, but can someone say a little about sma0? Thank you Oddbj.

There is no SMA 0. What you are referring to is shift 0. If you open up the moving average indicator in the MT4
and go to parameters, you want the parameters set at period 5 and shift 0.
  • #1,882
  • Edited 9:08pm Sep 9, 2016 8:44pm | Edited 9:08pm
Quoting Fx2day
Hello Bk8.. this indeed looks like an amazingly simple strategy to follow... well done to you and god bless for sharing. {quote} @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
Well , if I must be honest , my TP rules was the key and of course the pairs that I picked up and want to trade .. I am more technical guy ,but I noticed ,that technical stuff may also isolate you from the good oportunities.. like today on U/C ...price action is playing the first role..

I don't want to disturb this awsome tread and someone to get confused with my TP rules etc , so I send you a private..

You can't go wrong with the rules that are described in the 1 post..@Bk8 is the boss and he is a great teacher..I don't know what next week will bring,you will never know what the long run on the system will bring..you have to study it for quite a while for yourself - whit your psychology ,money menagment ,RR and individual approach..I can say something informative after a few months with this system

First week or the second - and great results doesn't mean that you are good..you may be lucky..Consistency is the key in this "game"...
Read 1st post , if you don't understand something , then , ask a question
  • #1,883
  • Sep 9, 2016 9:08pm Sep 9, 2016 9:08pm
Thank you Ghibli, wish you more green pips in the coming weeks !!
  • #1,884
  • Sep 9, 2016 11:52pm Sep 9, 2016 11:52pm
Quoting Ghibli
{quote} Well , if I must be honest , my TP rules was the key and of course the pairs that I picked up and want to trade .. I am more technical guy ,but I noticed ,that technical stuff may also isolate you from the good oportunities.. like today on U/C ...price action is playing the first role.. I don't want to disturb this awsome tread and someone to get confused with my TP rules etc , so I send you a private.. You can't go wrong with the rules that are described in the 1 post..@Bk8 is the boss and he is a great teacher..I don't know what next week...
I appreciate it but now I am interested too if you think your TP startegy has edge please do share with group.
I do not want someone to hijack my thread for the baseless discussion thats why I try to resist but you guys are awesome.. please feel free to suggest if anything can help everyone.
  • #1,885
  • Sep 9, 2016 11:57pm Sep 9, 2016 11:57pm
Quoting Bk8
{quote} Yep - we earned 140 pips on UC today so far {image}
Bravo! I entered my long trade since 1.2816. I logout my profit at 1.3037. So far, I earned 221 pips. Anyway, UC still have more upside. I am waiting for a retracement.
  • #1,886
  • Sep 10, 2016 12:20am Sep 10, 2016 12:20am
@Bk8 i started reading and applied your method on the same day due to the simplicity of your strategy.
Started at Aug 26 and now recording at 10 September.I was busy within this few weeks with my life and only spared like 30 mins per day to spot crosses with the help of @Fx-Flux scripts.Now I have closed all the positions due to my personal discretion and i achieved 400 pips within this period.I have a small account with leverage of 1:50 and could only open max of 5 0.01 small lots per week if not closing them.And thanks to you Bk8 I have reached my highest profit within this period.SO much thanks.Btw 400 pips if you are in 4 decimals account and 4000 pips if you are like me in a 5 decimal account.

All of this would be get better since at the early point I was not confident in your strategy enough and causing trades to go haywire everytime I touch it after following your setup.Hahahaha my 2-cents,work with strategy u read online and gain confident in it first before trading on real account.

Thanks Bk8
  • #1,887
  • Sep 10, 2016 12:38am Sep 10, 2016 12:38am
Sounds interesting this setup. Have question,
on page 1 Bk8 lays out his strategy.

"Indicators

 

  1. SMA 5,0
  2. BB (Optional)"


So is it SMA 5,0 or SMA 5,3 now?
Is there already a youtube video out there explaining all this? I' very visual like most I think so wouldn't be a bad idea at all if somebody could make a good youtube video and put link here. :-)

  • #1,888
  • Sep 10, 2016 1:11am Sep 10, 2016 1:11am
[quote=Bk8;9130923]{quote} I appreciate it but now I am interested too if you think your TP startegy has edge please do share with group. I do not want someone to hijack my thread for the baseless discussion thats why I try to resist but you guys are awesome.. please feel free to suggest if anything can help everyone.[/quote
Morning Bk8 and all
this is what I do, I take 50% at my ADR, move my stop loss to BE then let the rest run, works for me
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  • #1,889
  • Sep 10, 2016 1:55am Sep 10, 2016 1:55am
[quote=monaghan;9130963]
Quoting Bk8
{quote} I appreciate it but now I am interested too if you think your TP startegy has edge please do share with group. I do not want someone to hijack my thread for the baseless discussion thats why I try to resist but you guys are awesome.. please feel free to suggest if anything can help everyone.[/quote Morning Bk8 and all this is what I do, I take 50% at my ADR, move my stop loss to BE then let the rest run, works for me {image}
All
please note that this post was only to show the ADR, please ignore all other indicators as it is imperative to stick with the thread screen shots only, i don't want to see another excellent thread ruined by everyone posting different variation's, just to add after closing 50% BK8 rules are followed for taking remaining profit,
  • #1,890
  • Sep 10, 2016 2:17am Sep 10, 2016 2:17am
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  • #1,891
  • Sep 10, 2016 2:21am Sep 10, 2016 2:21am
Quoting saadan
{quote} hi monaghan I didn't get that point how i have to draw the line. can you draw one for me. thanks in advance.
Hi Saadan
i will do it when i see it happen live, but it really is a personal preference done with many years of staring at charts, will keep you posted
  • #1,892
  • Sep 10, 2016 2:25am Sep 10, 2016 2:25am
hi Bk8

Can you please explain how you decide to take profit for first position on a pair.
  • #1,893
  • Sep 10, 2016 2:36am Sep 10, 2016 2:36am
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  • #1,894
  • Sep 10, 2016 2:50am Sep 10, 2016 2:50am
thank for u bk8 account going glow
this's my live account
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  • #1,895
  • Sep 10, 2016 4:53am Sep 10, 2016 4:53am
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%.
Happy days !
So many in the Commercial section want to make me rich! :o
  • #1,896
  • Sep 10, 2016 5:34am Sep 10, 2016 5:34am
[quote=monaghan;9130963]
Quoting Bk8
{quote} I appreciate it but now I am interested too if you think your TP startegy has edge please do share with group. I do not want someone to hijack my thread for the baseless discussion thats why I try to resist but you guys are awesome.. please feel free to suggest if anything can help everyone.[/quote Morning Bk8 and all this is what I do, I take 50% at my ADR, move my stop loss to BE then let the rest run, works for me {image}
Hi Monaghan;

thanks for sharing your Tp with us, but could you please explain in a easy English that every one can understand.! Because not everbodys native language is English .
so what you mean by 50% of ADR?
thanks in advance and God bless you.
Human beings are members of a whole, In creation of one essence and sol.
  • #1,897
  • Sep 10, 2016 6:25am Sep 10, 2016 6:25am
[quote=MrRijk;9131127]
Quoting monaghan
{quote} Hi Monaghan; thanks for sharing your Tp with us, but could you please explain in a easy English that every one can understand.! Because not everbodys native language is English . so what you mean by 50% of ADR? thanks in advance and God bless you.
ADR = Average Daily Range

There are indicators for M4, if you google it, I think you should find it
  • #1,898
  • Sep 10, 2016 6:49am Sep 10, 2016 6:49am
[quote=MrRijk;9131127]
Quoting monaghan
{quote} Hi Monaghan; thanks for sharing your Tp with us, but could you please explain in a easy English that every one can understand.! Because not everbodys native language is English . so what you mean by 50% of ADR? thanks in advance and God bless you.
Hi
English is also hard for me as i am Scottish Average dailY Range, the pink and green line, obviously when price reaches the green line as it was a long entry, i would close half of my trade and let the other half carry on, move my stop to the green line i am now at break-even, at least i have banked some profit, obviously if the trade reverses i will be stopped out, hope this helps
  • #1,899
  • Sep 10, 2016 6:54am Sep 10, 2016 6:54am
[quote=monaghan;9131194]
Quoting MrRijk
{quote} Hi English is also hard for me as i am Scottish Average dailY Range, the pink and green line, obviously when price reaches the green line as it was a long entry, i would close half of my trade and let the other half carry on, move my stop to the green line i am now at break-even, at least i have banked some profit, obviously if the trade reverses i will be stopped out, hope this helps
Sorry
my mistake ,stop moved to my entry price which is Breakeven, also if you Google Dean Mallone he has a You Tube Video on the ADR, hope this helps
  • #1,900
  • Sep 10, 2016 7:00am Sep 10, 2016 7:00am
[quote=monaghan;9131200]
Quoting monaghan
{quote} Sorry my mistake ,stop moved to my entry price which is Breakeven, also if you Google Dean Mallone he has a You Tube Video on the ADR, hope this helps
I appreciate Your explanation
Human beings are members of a whole, In creation of one essence and sol.
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