Monthly Profit - Daily Trading using SMA

Quoting yonnie

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{quote} no thanks, got enough grey hair as it is

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Quoting hunter101

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A few more hours before the day candle ends (3 or so) and the only ones that look good right is poss NJ and NU. Ill wait and see when time comes to place, after the candle ends.

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Quoting deankenny21

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{quote} 3 hours or so? JEEZ!!! what broker you using?

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Quoting hunter101

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{quote} MT4 Oanda demo. 12 AM eastern time is when their day candle ends, or i think it does.

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Quoting deankenny21

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{quote} I have both moving averages on the chart, to compare, it crossed up on both of them already, both sma 5,0 and 5,3 are still within trades. BK8, it is a good idea to put both 5,0 and 5,3 on at the same time, so you can get a instant comparison, looking back when it crossed both on the same day has produced some excellent steam runner trades, maybe something to ponder Just look at the 4th August and 22nd August on this chart where it crossed both {image}

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Quoting Bk8

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{quote} Hi Dean, If you look at success rate of 5,0 its almost 100% however I had 70-80% with 5,3. Yesterdays setup was not valid for either 5,0 or 5,3 due to sideways and thats why I warned everyone when I posted setups. Some people in my industry do not like me because I do not give them any reason to criticize my design and architecture So how come I will give up my tested method 5,3 so easily? I compared both methods so many days even after we decided to move further with 5,0 and found that 5,3 had so many losers however 5,0 rarely had any...

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Quoting deankenny21

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{quote} I would recommend, and in saying this there is nothing wrong with Oanda, actually started with them in my early days, but I would recommend a broker that ends GMT+2 which is NY close end of day, this is what 80-90% of traders have as thier daily candle end.

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Quoting hunter101

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{quote} Which broker you recommend? Not sure how to get GMT+2 for my demos/account.

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Quoting deankenny21

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{quote} Of course completely understandable, however, I was not recommending reverting back to 5,3 just merely saying it's interesting to add it to the same chart to have a overview of both of them, but of couse still use 5,0 as you wish. But watching when cross happens when price crosses both of them on the sameday, is possibly something you may want to manually backtest

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Quoting deankenny21

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{quote} Both my live accounts are on +2, pepperstone and vantagefx, also FXCM MT4 is on +2, those are the ones I directly know of, there are many others also, all offering demo accounts. If you have a live account on one platform, you can chart on the demo and still place trades on the other live account.

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Quoting hunter101

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{quote} Yea ill look into it, FXCM, the others can not, US resident... Ill double check when the day candle ends for Oanda MT4 demo, could be reason why i get different results than people from this thread. EDIT: Quick google search: When do daily Candlesticks open and close on MT4? The daily candles for MT4 close at either midnight EST or 5 PM EST. To have your daily candles close at midnight EST on MT4 make sure to select OANDA-GMT-5 Practice/Live as the server before you login. To have your daily candles close at 5PM EST please select OANDA-GMT+2...

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Quoting Oddbjorg

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{quote} Hello Would there be any set of questions you would prefer? Not one matter a time? Or just tell us what is best. Maybe in the 1 page tell us what is to late..to early....and so on that you often tell on reply a number of times..etc. Well just suggestion. Thank you for your time anyway. Oddbj.

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Quoting ochato

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Hey Guys! Just a confirmation. Is that parameters? Thank you! {image}

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