Monthly Profit - Daily Trading using SMA

Quoting Draffi

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{quote} Well, Sir, you started this Topic! But ATM i`m not sure, if it was a good idea, to trashed out all other indicators. Maybe you/we need to play with some settings, for to filter false signals. The indicators your mentioned exist for a "long" time - maybe not without a reason! The "global players" use them, too - think about it! I want to help, not to destroy. Respect. BTW: Please check your first post. There is an error with the "multiple positions" (look at my other post here, pls).

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Quoting Draffi

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{quote} Well, Sir, you started this Topic! But ATM i`m not sure, if it was a good idea, to trashed out all other indicators. Maybe you/we need to play with some settings, for to filter false signals. The indicators your mentioned exist for a "long" time - maybe not without a reason! The "global players" use them, too - think about it! I want to help, not to destroy. Respect. BTW: Please check your first post. There is an error with the "multiple positions" (look at my other post here, pls).

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Quoting Bk8

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{quote} @Draffi - I appreciate your help but I have a problem with suggestions when not required. You started suggesting from day 1 not sure why? Let me suggest you too.. please try this strategy, find a loophole and then let group know how your method can fix that, simple.

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Quoting isaacyip007

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{quote} Bk8 its ok.Just keep calm and hustle.Btw my suggestion of tp/sl and setup factor is we should take note of price action of the market too.But just ignore it if you dun wan to messed up the simplicity of this method.

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Quoting Draffi

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{quote} Well, Sir, you started this Topic! But ATM i`m not sure, if it was a good idea, to trashed out all other indicators. Maybe you/we need to play with some settings, for to filter false signals. The indicators your mentioned exist for a "long" time - maybe not without a reason! The "global players" use them, too - think about it! I want to help, not to destroy. Respect. BTW: Please check your first post. There is an error with the "multiple positions" (look at my other post here, pls).

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Quoting Bk8

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{quote} @Jellooo - As per new TP rule you will make profit with first position and breakeven with second position if it goes in opposite discretion after T+1 so 5,0 still has edge since it gives you 3 setups vs 1 setup from 5,3.

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Quoting jelloooo1

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{quote} thanks bk8 for this amazing simply strategy. but i am still confuse see the pics, 7 signals SMA5 where only on position moves 50pips give as enough room to move BE. where SMA5,3 filters false signals. so when should we move to breakeven with sma5? {image} {image}

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Quoting Draffi

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{quote} Well, Sir, you started this Topic! But ATM i`m not sure, if it was a good idea, to trashed out all other indicators. Maybe you/we need to play with some settings, for to filter false signals. The indicators your mentioned exist for a "long" time - maybe not without a reason! The "global players" use them, too - think about it! I want to help, not to destroy. Respect. BTW: Please check your first post. There is an error with the "multiple positions" (look at my other post here, pls).

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Quoting monaghan

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{quote} Morning All as mentioned before, to many people searching for the Holy Grail or trying to create it when the answer is staring all of us in the face, there isn't one, this system has been generously shared by BK8, and we can all see it is profitable just check the results that others are having, so unless we can prove in our own time and then share the answer's here i strongly suggest we follow the system as explained by BK8, oh and by the way the Heiken Ashi shown by one of the previous post's hides a wealth of information, Candle Pattern's...

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Quoting Bsmile44

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{quote} Â I agree with leaving the indicators out. You need to learn about price action itself and proper S/R to go with this setup. Indicators are always lagging behind price action.Â

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Quoting yonnie

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@ Bk8 just to avoid confusion in post 1. avoid risk no 2 -do not take multiple positions on same pair- do you mean by that not to trade too many pairs with a common currency, like buy A/C A/CH A/N A/U to avoid risk? if so maybe it should read something like: do not take multiple positions on pairs with the same common currency or lower the position size for each pair. just a thought

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Quoting mitchp

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Fx-Flux, I have added your latest script to my MT4 platform and when I I add it to a chart I do get the crosses in the Expert tab, but it doesn't automatically open up the charts. Can you possibly go through the procedure to work you script and EA. Mitch

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Quoting Ghibli

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{quote} You are right , KISS , PA and S/R are the key

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Quoting jelloooo1

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{quote} thanks bk8 for this amazing simply strategy. but i am still confuse see the pics, 7 signals SMA5 where only on position moves 50pips give as enough room to move BE. where SMA5,3 filters false signals. so when should we move to breakeven with sma5? {image} {image}

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