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Monthly Profit - Daily Trading using SMA

  • #2,261
  • Sep 12, 2016 11:37pm Sep 12, 2016 11:37pm
Quoting Shaun24
{quote} Break Even
Thanks brother!
  • #2,262
  • Sep 13, 2016 12:11am Sep 13, 2016 12:11am
I have never seen any strategy as consistent as this. I have been using this strategy for the last 2 weeks when I stumbled on this thread and since then, it has always being profits and profits...Thanks OP. Looking forward to joining you on the intraday system.
The World As It Is Can Do With Your Positive Disposition
  • #2,263
  • Sep 13, 2016 1:27am Sep 13, 2016 1:27am
Quoting Bk8
I am sharing the simplest strategy for stress free day trading, I have ever seen anywhere else Indicators SMA 5,0 BB (Optional) Time Required - Just 15 minutes daily after D1 close when new candle starts. Avoid Lower timeframe charts, even H4 is not reliable. 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 Sideways pattern Entry When previous daily candle has clearly crossed SMA line Candle should not touch then upper BB line (Optional) Stop Loss high(+15 Pips)/low(-15...
Hi Bk8,

Good day and thanks for the simple strategy. But you didn't mentioned whether need to buy or sell. How to know whether to buy or sell?
Am I missed anything? Please let me know. Thanks

Looking forward for your reply.

Regards,
  • #2,264
  • Sep 13, 2016 1:53am Sep 13, 2016 1:53am
Quoting jupitertrade
{quote} Hi Bk8, Good day and thanks for the simple strategy. But you didn't mentioned whether need to buy or sell. How to know whether to buy or sell? Am I missed anything? Please let me know. Thanks Looking forward for your reply. Regards,

If the candle that breaks SMA is a bull(buy) candle then we look to buy.

if the candle that breaks SMA is a bear(sell) candle then we look to sell.
i have tried to start trades with a trend, now i prefer to follow the trend
  • #2,265
  • Sep 13, 2016 2:01am Sep 13, 2016 2:01am
Quoting monaghan
{quote} Hats of to you FX-Flux, excellent attitude
Haha I still use it personally. I agree it may spoil the fun of meticulously searching through each pair
So many in the Commercial section want to make me rich! :o
  • #2,266
  • Sep 13, 2016 2:30am Sep 13, 2016 2:30am
good moorning,

some days I am following this system, although EA is not much, do so if it would be interesting, would be a small dashboard that was able to buy and sell, so it was easier and visible to visualize the state from account. (I am currently using the dashboard ASEME)

This new dashboard should be able to go moving the SL 15 pips above the previous candle automatically.

I have this EA attached but must be used in each template and am not able to move my SL 15pips above the previous candle.
(Sorry for my bad English)
Attached Image (click to enlarge)
Click to Enlarge Name: Sin título.png Size: 66 KB
Attached File(s)
File Type: ex4 Universal_trailer.ex4   48 KB | 392 downloads
File Type: mq4 Universal_trailer.mq4   19 KB | 449 downloads
  • #2,267
  • Sep 13, 2016 2:57am Sep 13, 2016 2:57am
Quoting FX-Flux
{quote} Haha I still use it personally. I agree it may spoil the fun of meticulously searching through each pair
Honestly FX-Flux
if it takes more than ten minutes for me to scan through thats a lot, i think the main problem is it invites all other types of indicators and Ea's, i was part of another great thread Mhedi's Stress Free TDi, he has now abandoned the thread, that has really gone to the dogs, it started of great, if you see the indicators and EA's that have been added all the good traders have now left, just look at the latest post here, what a load of codswallop
all the best
M.
  • #2,268
  • Sep 13, 2016 3:03am Sep 13, 2016 3:03am
Quoting monaghan
{quote} Honestly FX-Flux if it takes more than ten minutes for me to scan through thats a lot, i think the main problem is it invites all other types of indicators and Ea's, i was part of another great thread Mhedi's Stress Free TDi, he has now abandoned the thread, that has really gone to the dogs, it started of great, if you see the indicators and EA's that have been added all the good traders have now left, just look at the latest post here, what a load of codswallop all the best M.
I don't know if Forexfactory has some sort of thread moderation. This would keep the information about the strategy on its path. I see that Clipi is now bringing another type of EA into the thread. Sooner or later people will start abandon the thread, as the information here won't be related to the strategy anymore.
  • #2,269
  • Sep 13, 2016 3:19am Sep 13, 2016 3:19am
Quoting natthapol.v
{quote} I don't know if Forexfactory has some sort of thread moderation. This would keep the information about the strategy on its path. I see that Clipi is now bringing another type of EA into the thread. Sooner or later people will start abandon the thread, as the information here won't be related to the strategy anymore.
Totally agree natthapol, its also disrespectful to the originator
  • #2,270
  • Sep 13, 2016 3:54am Sep 13, 2016 3:54am
Quoting monaghan
{quote} Honestly FX-Flux if it takes more than ten minutes for me to scan through thats a lot, i think the main problem is it invites all other types of indicators and Ea's, i was part of another great thread Mhedi's Stress Free TDi, he has now abandoned the thread, that has really gone to the dogs, it started of great, if you see the indicators and EA's that have been added all the good traders have now left, just look at the latest post here, what a load of codswallop all the best M.
You are right. I can appreciate where you guys are coming from though, the strategy is simple enough as it is without using dashboards ect.

I am a coder though, so I make tools to make my life easier. Don't worry, I wont be posting any more scripts, indies or EAs in this thread.

Quoting Bk8
{quote} Great Thanks very much Fx.. I was supposed to post screenshots now but stopped when I saw your post.. So far I used to take screenshots on iPhone.. and best part is that iPhone saves image with same name so you can upload only one image at a time... FF provides you option to merge though.. too much work for me and you automated it!! Thanks again!
Might I highlight this though....
So many in the Commercial section want to make me rich! :o
  • #2,271
  • Sep 13, 2016 4:06am Sep 13, 2016 4:06am
Quoting natthapol.v
{quote} I don't know if Forexfactory has some sort of thread moderation. This would keep the information about the strategy on its path. I see that Clipi is now bringing another type of EA into the thread. Sooner or later people will start abandon the thread, as the information here won't be related to the strategy anymore.
Sorry,

I did not mean that people change thread, raised only programmers a possibility of a mini dashboard to buy, sell and use an automatic TS. My image was an example of what was a dashboard. The trades listed are all trying to follow manuals BK8 rules. which does not change the initial SL nowhere.
  • #2,272
  • Sep 13, 2016 4:24am Sep 13, 2016 4:24am
Let us stop this drama and enjoy the green pips this strategy produced.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20160913-112315.png Size: 234 KB
  • #2,273
  • Sep 13, 2016 4:28am Sep 13, 2016 4:28am
Quoting natthapol.v
Let us stop this drama and enjoy the green pips this strategy produced. {image}
Did you take any last night?
So many in the Commercial section want to make me rich! :o
  • #2,274
  • Sep 13, 2016 4:39am Sep 13, 2016 4:39am
Quoting FX-Flux
{quote} Did you take any last night?
I entered short NZDCAD, but not with this strategy. Just because I saw it approaching the highest high since 2013, so i expected it to bounce back big time. But this has nothing to do with SMA strategy. I don't want to discuss it here.
  • #2,275
  • Sep 13, 2016 4:45am Sep 13, 2016 4:45am
Quoting monaghan
{quote} Honestly FX-Flux if it takes more than ten minutes for me to scan through thats a lot, i think the main problem is it invites all other types of indicators and Ea's, i was part of another great thread Mhedi's Stress Free TDi, he has now abandoned the thread, that has really gone to the dogs, it started of great, if you see the indicators and EA's that have been added all the good traders have now left, just look at the latest post here, what a load of codswallop all the best M.
Interesting you bring that up....I wrote a dashboard for his initial strategy...i showed it to him BEFORE I released it on the thread (which I never did). Well I find out, he's using a computer with only 4 GB of RAM and the TDI indicator, by the way, is very RAM intensive, so he couldn't run it. Continuing, it worked fine strategy wise until they started discussing bounces and other things you needed to know about TDI. Once they started discussing the TMS aspect of the the TDI, it wasn't stress free any longer. So that's why I'm here now....lol
  • #2,276
  • Sep 13, 2016 5:21am Sep 13, 2016 5:21am
Quoting FX-Flux
{quote} You are right. I can appreciate where you guys are coming from though, the strategy is simple enough as it is without using dashboards ect. I am a coder though, so I make tools to make my life easier. Don't worry, I wont be posting any more scripts, indies or EAs in this thread. {quote} Might I highlight this though....
Hi All,
I have been enjoying this thread since it started and I can say that without even trading the system it has all attributes of a viable method of trading successfully. While it does not promise out of this world order of profits and neither has the OP claimed it can, you will quickly see that it can do so if properly traded - as in managed well.

I want to give a big shout out to all the wonderful contributors, yo have all made this thread really worthwhile. I noticed that there is not much rubbish been said or posted here even by newbies, except for a few who need to learn FX basics first. If you are in that category, pls go take a crash course first in FX or google FX and you will find a good pile of beginner material to learn from.

That been said, let me get to what actually prompted me to write:
1. This strategy is the ideal KISS been spoken about in the FX world but been that as it may it can do with a little help. I am saying in essence that the SCRIPT is needed and NOT a trading EA, Dashboard, etc.
The simple reason is this: a) Do I have to manually go through 28 to 32 if not more, charts when a script can pop it up for me?, saves a bit of time and reduces fatigue, for many people its at night when sleep calls that the daily candle ends, tired from work etc. b) The SCRIPT DOES NOT INTERFERE with any aspect of the system but the tradingEA can and will. c) Even after the script pops up all the relevant charts, you still have to do the REAL work of analyzing which trades to take, all through the lets say 10 charts that the script pops up. etc et etc.
2. I would therefore suggest that only the script that correctly identifies crosses of the SMA be officially adopted as part of the working tools in this thread. We can always do with a little technology in our old lives.
3. The OP should at the 1st Page state clear cut rules for participating in his thread. For example: No EA here pls, No dashboard here pls etc This would help to stop people coming here with a sorts of ehmmmm "codswallop" is it?
4. If the script is allowed, the only working version should be attached to the first page, if there will be any further modifications that would be as agreed by the OP, the coder: based on meaningful suggestions, and should be added to the 1st page either as an addition or replacement of the previous. The SCRIPT should NEVER graduate to becoming an EA.
Hope have not gone beyond my bounds sha.

FINALLY, Ovation goes the Loudest to our dearly beloved OP - Bk8.
What a Wonderful system!! When we all are looking to all sorts to help trading we end up destroying trading itself but here comes this beautiful and very efficient yet tooooo simple a system, glaring us all in the face but never saw it and our Knight in shining armour comes to save the day.
--- Just saying in essence that this is one-of-a-kind system.
Thanks, thanks, and thanks again.
I rest my case.
  • #2,277
  • Sep 13, 2016 5:37am Sep 13, 2016 5:37am
Hello all.
Please respect bk8 in his plan to keep this tread in the way it started.
D candles. Sma5, 0. Bb. No more.
Of couse you can see he has a nice attitude towards others when they suggest something. But when he then has had his say..please respect.
Thank you bk8.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #2,278
  • Sep 13, 2016 5:37am Sep 13, 2016 5:37am
When I want to create trade explorer it just keeps running forever and does nothing.

Already changed investor password in mt4.

Any advice is welcome
  • #2,279
  • Sep 13, 2016 5:39am Sep 13, 2016 5:39am
Quoting Gilliam
When I want to create trade explorer it just keeps running forever and does nothing. Already changed investor password in mt4. Any advice is welcome
just wait until it's done, the more data the longer it will take to sync
Believe and Hardwork will make great result
  • #2,280
  • Sep 13, 2016 5:46am Sep 13, 2016 5:46am
Quoting ranger_lp
{quote} Interesting you bring that up....I wrote a dashboard for his initial strategy...i showed it to him BEFORE I released it on the thread (which I never did). Well I find out, he's using a computer with only 4 GB of RAM and the TDI indicator, by the way, is very RAM intensive, so he couldn't run it. Continuing, it worked fine strategy wise until they started discussing bounces and other things you needed to know about TDI. Once they started discussing the TMS aspect of the the TDI, it wasn't stress free any longer. So that's why I'm here now....lol...
Good Luck Ranger
its a great thread with some very good traders
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