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Monthly Profit - Daily Trading using SMA

  • #3,481
  • Sep 20, 2016 5:19pm Sep 20, 2016 5:19pm
Quoting haircut
{quote} Hi rapzy is it not meant to be sma5 shift 3 or is it shift 0?? Thanks
SMA5 shift 3 did not stand the test of time. we are currently using SMA5 SHIFT 0 and we are doing good so far, in fact very good
  • #3,482
  • Sep 20, 2016 5:20pm Sep 20, 2016 5:20pm
Quoting haircut
{quote} Hi rapzy is it not meant to be sma5 shift 3 or is it shift 0?? Thanks
We now use shift 0.
  • #3,483
  • Sep 20, 2016 5:20pm Sep 20, 2016 5:20pm
Hello,

Can anybody explain which pairs we should need to chose for this system and which pairs we just need to ignore ?

Please explain.
  • #3,484
  • Sep 20, 2016 5:20pm Sep 20, 2016 5:20pm
Quoting onarticus
{quote} Hi BK8. Good results! was that EA managed or just did you let it run on auto trading?
It is auto but I am still testing... so wont recommend now
  • #3,485
  • Sep 20, 2016 5:21pm Sep 20, 2016 5:21pm
Quoting sitetalker
Hello, Can anybody explain which pairs we should need to chose for this system and which pairs we just need to ignore ? Please explain.
Hi , any pair ,that will achive the enter rules from 1 post
Read 1st post , if you don't understand something , then , ask a question
  • #3,486
  • Edited 5:37pm Sep 20, 2016 5:24pm | Edited 5:37pm
Quoting MayorE
{quote} I like your opinion but I dont think it is practicable at all, we need positive energy for motivation and negative energy to keep us going strong. That factor affore mentioned is achievable through contribution. Forex is dynamic brother. BIG UP BK8
did not express my opinion; its just in reply to what Bk8 wrote earlier.
  • #3,487
  • Sep 20, 2016 5:25pm Sep 20, 2016 5:25pm
Quoting Vallis
{quote} Indeed your strategy is good. But this idea of ``mess up``? If this strategy messes up account like this, it is okay.
Ok I deleted my posts... sorry for the confusion.
This strategy does not have any issue. No SL in last 3 weeks..so you are fine.
  • #3,488
  • Sep 20, 2016 5:25pm Sep 20, 2016 5:25pm
Hi,
Have bought AU and NU
  • #3,489
  • Sep 20, 2016 5:25pm Sep 20, 2016 5:25pm
Quoting Ghibli
{quote} Hi , any pair ,that will achive the enter rules from 1 post
Thank you very much
  • #3,490
  • Sep 20, 2016 5:26pm Sep 20, 2016 5:26pm
Quoting haircut
{quote} Hi rapzy is it not meant to be sma5 shift 3 or is it shift 0?? Thanks
Check post number 1 by thread owner BK8, it says it all.
Formerly it was 5sma shift 3
Now 5Sma with no shift.
Thanks
  • #3,491
  • Sep 20, 2016 5:26pm Sep 20, 2016 5:26pm
Open trades at moment,

A/C Buy +64 pips
E/A Sell +146
E/C Sell +45
G/A Sell +114

Thank you Bk8, your a legend!!
  • #3,492
  • Sep 20, 2016 5:27pm Sep 20, 2016 5:27pm
Quoting onarticus
{quote} Hi BK8, Is there any advice you can give or a rule about when to move to break even please. Much thanks
It is advisable to move your SL to BE in the case of a trade taken but proves to be a hard nut to crack, a trade that has almost Zero chances of surviving to make to green pips area, a trade that is not consistent and may be destined for reversal, in case of holding to the trade and risk loss of some of the green pips already achieved before the anticipated reversal, then to cut down the losses we move the SL to BE and let the trade run its full course or otherwise lock in some profit on it and exit. Thanks
  • #3,493
  • Sep 20, 2016 5:30pm Sep 20, 2016 5:30pm
Quoting yonnie
{quote} its not my opinion; its just in reply to what bk8 wrote earlier.
no offence bro, lets build each other for better
  • #3,494
  • Sep 20, 2016 5:40pm Sep 20, 2016 5:40pm
Quoting onarticus
{quote} Hi BK8, Is there any advice you can give or a rule about when to move to break even please. Much thanks
I like to move to BE when the first profitable candle closes.

According to the rules we should place our SL on high(+15 Pips)/low(-15 Pips) of previous candle, but if SL is not in a profitable position I move it to BE (5 pips to pay comissions etc).
  • #3,495
  • Sep 20, 2016 5:50pm Sep 20, 2016 5:50pm
Quoting arielcorp
Open trades at moment, A/C Buy +64 pips E/A Sell +146 E/C Sell +45 G/A Sell +114 Thank you Bk8, your a legend!!
Wow.. that means our little effort made you happy...
Thank you very much for sharing your result!
  • #3,496
  • Sep 20, 2016 5:54pm Sep 20, 2016 5:54pm
Quoting MayorE
{quote} no offence bro, lets build each other for better
  • #3,497
  • Sep 20, 2016 6:06pm Sep 20, 2016 6:06pm
Would Usd/Cad be a good option.
Crossed the 5MA and at top of BB heading down.
Thoughts?
  • #3,498
  • Sep 20, 2016 6:06pm Sep 20, 2016 6:06pm
Quoting monaghan
{quote} Hi Rapzy I like your take on this one, I have attached a weekly chart on this pair purely for analysis only, the brown line is weekly resistance, as you can see this has been very strong in the past and is a nice reversal point, I am not in the trade but if I was I would be confident that it will reverse, you still have about sixty pips to stop loss, its already retreating from the green line daily range, I could be wrong of course if it stays closed above this brown line by Friday then that might be a problem, but as you say why worry when...
Sometimes its nice to be right
  • #3,499
  • Sep 20, 2016 6:14pm Sep 20, 2016 6:14pm
Quoting monaghan
{quote} Sometimes its nice to be right
Yep... you guys are awsome...
  • #3,500
  • Sep 20, 2016 6:18pm Sep 20, 2016 6:18pm
Quoting arielcorp
Would Usd/Cad be a good option. Crossed the 5MA and at top of BB heading down. Thoughts?
Hi, according to the rules ,this is not a good setup because of the tight range of candles - sideways ..but of course the choice is always yours
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Read 1st post , if you don't understand something , then , ask a question
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