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Monthly Profit - Daily Trading using SMA

  • #3,681
  • Sep 21, 2016 2:58pm Sep 21, 2016 2:58pm
Quoting mjavedh
{quote} Yes why not logic is 100% ok. I already take position
Rules say that we need to wait to day end, i have and 2 hour till next day new candle starts
  • #3,682
  • Sep 21, 2016 3:04pm Sep 21, 2016 3:04pm
Quoting suirad0
{quote} What is your MA settings? It doesnt seem to be right
you are right, y used the 8 eme, this is the right one, still a valid entry when the candle closes
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 91 KB
Enter Signature
  • #3,683
  • Sep 21, 2016 3:05pm Sep 21, 2016 3:05pm
Quoting Katfx
Hello everybody first of all, thank of all of you for this thread. Do you think it is a good opportunity for tomorrow? Thank you {image}
Use sma, 0 ...Your chart shows you applied sma 5 shift 3
The World As It Is Can Do With Your Positive Disposition
  • #3,684
  • Sep 21, 2016 3:09pm Sep 21, 2016 3:09pm
Quoting Katfx
{quote} you are right, y used the 8 eme, this is the right one, still a valid entry when the candle closes {image}
Indicators

 

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

  • #3,685
  • Sep 21, 2016 3:09pm Sep 21, 2016 3:09pm
Quoting yonnie
I`ve been trading since 1998 and can see a winning system when I see one. thank you Bk8!
I think must be you Thank you!
  • #3,686
  • Sep 21, 2016 3:10pm Sep 21, 2016 3:10pm
Quoting Katfx
Hello everybody first of all, thank of all of you for this thread. Do you think it is a good opportunity for tomorrow? Thank you {image}
It looks like a definite goer to me!
  • #3,687
  • Sep 21, 2016 3:13pm Sep 21, 2016 3:13pm
Probably we will have new setups in the end of session.
I Win, I Lose, It's my Job... And I Love it!
  • #3,688
  • Sep 21, 2016 3:15pm Sep 21, 2016 3:15pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting noux09
jmm. Here the time is now 20.23 (GMT+3) and thus the new candle will open at 00.00hrs.
Thanks!
  • #3,689
  • Sep 21, 2016 3:15pm Sep 21, 2016 3:15pm
Quoting shimmering
{quote} It looks like a definite goer to me!
Have you checked EURUSD & USDCHF? They also look good.
I Win, I Lose, It's my Job... And I Love it!
  • #3,690
  • Sep 21, 2016 3:18pm Sep 21, 2016 3:18pm
E/C - If you will not cross that magical support line , I swear.. I will find you... haha .. live positions + 240..
Attached Image (click to enlarge)
Click to Enlarge Name: ec.png Size: 26 KB
Read 1st post , if you don't understand something , then , ask a question
  • #3,691
  • Sep 21, 2016 3:23pm Sep 21, 2016 3:23pm
Final version of the script for those of you who found it useful.

DailyCross_V7 goes in Scripts folder
template_name goes in mql4 folder

Drop it on a chart when the new daily candle forms and it opens up every chart with a MA crossover.

This will avoid any confusion for people asking about what MA settings to use.
Attached File(s)
File Type: ex4 DailyCross_V7.ex4   29 KB | 815 downloads
File Type: tpl template_name.tpl   < 1 KB | 664 downloads
So many in the Commercial section want to make me rich! :o
  • #3,692
  • Sep 21, 2016 3:23pm Sep 21, 2016 3:23pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
[quote=Bk8;9049132]I am sharing the simplest strategy for stress ......., and close the first setup after taking profit and leave the another setup to run forever

Questions:

* Which is the rule for taking profit in the first setup?. I understand that your rules for exit are in relation with the second setup. Am I right? If I am not right, will anybody please share the exit rules difference for the first and second setups?

Many thanks.
  • #3,693
  • Sep 21, 2016 3:23pm Sep 21, 2016 3:23pm
Hello,

I watching that strategy for some time and have a question:
- AUD/USD after 09.09.2016 there was an entry to sell? (after candle marked by arrow)
- the SL order is placed good (+15 pips to High that 09.09.2016 candle)?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 35 KB
Supply & Demand trading
  • #3,694
  • Sep 21, 2016 3:26pm Sep 21, 2016 3:26pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting knullasomfan
{quote} the Brokers starts a New D1 candle/ bar/day at 5PM NY time. You are from Spain so 23.
Thank you!
  • #3,695
  • Sep 21, 2016 3:26pm Sep 21, 2016 3:26pm
[quote=jmmn;9153927]
Quoting Bk8
I am sharing the simplest strategy for stress ......., and close the first setup after taking profit and leave the another setup to run forever Questions: * Which is the rule for taking profit in the first setup?. I understand that your rules for exit are in relation with the second setup. Am I right? If I am not right, will anybody please share the exit rules difference for the first and second setups? Many thanks.
Hi, your 1ST TP is equal your SL - that means you are closing your 1st position with 1:1 RR to your SL , the second setup should be with no TP,just leave it to move forever , moving your SL day after day on last S/R untill the price will hit your SL
Read 1st post , if you don't understand something , then , ask a question
  • #3,696
  • Sep 21, 2016 3:26pm Sep 21, 2016 3:26pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting FX-Flux
{quote} Correct.
Thank you!
  • #3,697
  • Sep 21, 2016 3:27pm Sep 21, 2016 3:27pm
Quoting CoolRain
Hello, I watching that strategy for some time and have a question: - AUD/USD after 09.09.2016 there was an entry to sell? (after candle marked by arrow) - the SL order is placed good (+15 pips to High that 09.09.2016 candle)? {image}
I think that candle was too big.
So many in the Commercial section want to make me rich! :o
  • #3,698
  • Sep 21, 2016 3:29pm Sep 21, 2016 3:29pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting CoolRain
Hello, I watching that strategy for some time and have a question: - AUD/USD after 09.09.2016 there was an entry to sell? (after candle marked by arrow) - the SL order is placed good (+15 pips to High that 09.09.2016 candle)? {image}
Yes, I think you are right!

I hope you closed your second set up when candle touched the lower BB.

Regards.
  • #3,699
  • Sep 21, 2016 3:30pm Sep 21, 2016 3:30pm
Quoting CoolRain
Hello, I watching that strategy for some time and have a question: - AUD/USD after 09.09.2016 there was an entry to sell? (after candle marked by arrow) - the SL order is placed good (+15 pips to High that 09.09.2016 candle)? {image}
That's true. But we tend to avoid these entries which are already late. For example, tonight, USDCAD is late to enter now.

Although some of our experienced traders enter trades early by judging PA. But at this thread, for newbies, we keep things simple and strictly ask them to follow the rules.

Every night, we also share charts and discuss with each other. We eliminate weak setups. We trade in quality, not in quantity.

Purpose of this thread is to give confidence to new FX traders to initiate a position regardless of emotions and hold positions for days till at least first TP is reached.
  • #3,700
  • Sep 21, 2016 3:32pm Sep 21, 2016 3:32pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
[quote=Ghibli;9153936]
Quoting jmmn
{quote} Hi, your 1ST TP is equal your SL - that means you are closing your 1st position with 1:1 RR to your SL , the second setup should be with no TP,just leave it to move forever , moving your SL day after day on last S/R untill the price will hit your SL
OK, if I understand well, the first TP is 1:1 (considering that SL is +15 points previous high/low)

Now, regarding the second TP, is it not better to close when the prices touches the BB?

Thanks!
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