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Monthly Profit - Daily Trading using SMA

  • #3,921
  • Sep 22, 2016 10:44am Sep 22, 2016 10:44am
Quoting isaacyip007
{quote} Hahahaa I didn't enter all the setup as my account can only take 5 0.01 lots.Its a micro and small account plus Im a newb~.But so far my track record is in positives thanks to Bk8 strategy.I can even post my growth on this account starting from learning how to trade using live account to using Bk8 strategy improvement.Good luck to green pips!
No problem Isaac
i was not enquiring about your account size, i was merely suggesting that if any set ups are spotted to inform everybody straight away as entry's are often missed especially at six in the morning when the new Oanda Candle opens
well done and good luck
  • #3,922
  • Sep 22, 2016 10:47am Sep 22, 2016 10:47am
Quoting shimmering
{quote} Please tell me what time zone are you in and what time did you enter ?
Hi
0ne hour ahead of the UK, same time as Frankfurt, i am in Cape Town, as previously mentioned i use Oanda GMT -5
  • #3,923
  • Sep 22, 2016 11:01am Sep 22, 2016 11:01am
Quoting monaghan
{quote} Hi 0ne hour ahead of the UK, same time as Frankfurt, i am in Cape Town, as previously mentioned i use Oanda GMT -5
OK, so what time was it when you entered GBP and N/C?
  • #3,924
  • Sep 22, 2016 11:04am Sep 22, 2016 11:04am
Quoting Ghibli
So , the E/N went up Today +175 and hit the BE , the second one E/C is still in date and has +120..
Same here on the EUR/NZD pair, at least I made $2 on the swap .

Still holding AUD/USD, NZD/USD and EUR/CAD.
  • #3,925
  • Sep 22, 2016 11:05am Sep 22, 2016 11:05am
Quoting isaacyip007
{quote} Hahahaa I didn't enter all the setup as my account can only take 5 0.01 lots.Its a micro and small account plus Im a newb~.But so far my track record is in positives thanks to Bk8 strategy.I can even post my growth on this account starting from learning how to trade using live account to using Bk8 strategy improvement.Good luck to green pips!
How many percent of your account will you lose if all 5 0.01 lots hit initial stop loss?
  • #3,926
  • Sep 22, 2016 11:11am Sep 22, 2016 11:11am
Quoting monaghan
{quote} GBP from Entry is + 50 and NZ CAD +78 so far, its the entry's i would like the new guys to look at and candle patterns, which is just a bonus
I was looking at the NZD/CAD and it is a set up for tonight, ie. after the trading day ends. BK8, would you please confirm that. I see that it is the same situation with GBP/USD. The result from you taking the trades was good. Please elaborate on what cnadle pattern it was in those cases?
  • #3,927
  • Sep 22, 2016 11:13am Sep 22, 2016 11:13am
Quoting Pipsifx
{quote} Same here on the EUR/NZD pair, at least I made $2 on the swap . Still holding AUD/USD, NZD/USD and EUR/CAD.
Same here + 2 Pounds on BE and swap..at least I took 1TP which was +150 . Still got E/C ..Today I think there will be some very good setups
Read 1st post , if you don't understand something , then , ask a question
  • #3,928
  • Sep 22, 2016 11:17am Sep 22, 2016 11:17am
Quote
I was looking at the NZD/CAD and it is a set up for tonight, ie. after the trading day ends. BK8, would you please confirm that. I see that it is the same situation with GBP/USD. The result was good. Please elaborate on what cnadle pattern it was in those cases?
ALERT ONLY
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  • #3,929
  • Sep 22, 2016 11:42am Sep 22, 2016 11:42am
Quoting ranger_lp
{quote} Hi Hercs....I'll take a look at that...but what I do is create a chart with a blank template and put the indicator on there. Edit: here's a version with corner (0-3). Did this in a hurry....I think it works ok.... {file}
Much appreciated Ranger.
Thank you.
Best wishes,
Hercs
  • #3,930
  • Sep 22, 2016 11:47am Sep 22, 2016 11:47am
Quoting shimmering
{quote} I was looking at the NZD/CAD and it is a set up for tonight, ie. after the trading day ends. BK8, would you please confirm that. I see that it is the same situation with GBP/USD. The result from you taking the trades was good. Please elaborate on what cnadle pattern it was in those cases?
The Candle pattern really has nothing to do with the system, i just highlighted the fact in case anybody was interested in candle patterns, i personally look for them all the time, its for you to look at the entry's and see, its nothing to do with BK8'S system, if you know them you will spot them right away, as for the time and honestly this is for the last time i mention this as it really is irrelevant to what you see when you trade on your timezone, my Oanda Candle starts two hours before the European open
good luck
  • #3,931
  • Sep 22, 2016 11:56am Sep 22, 2016 11:56am
How is everyone finding SMA crossover's? Looking at every single chart? Is there any script where when majority of the candle is greater than the 5 SMA, it automatically populates that chart on to your screen?
I love forex. One day it will love me back.
  • #3,932
  • Sep 22, 2016 12:40pm Sep 22, 2016 12:40pm
Quoting Singha83
How is everyone finding SMA crossover's? Looking at every single chart? Is there any script where when majority of the candle is greater than the 5 SMA, it automatically populates that chart on to your screen?
Look at http://www.forexfactory.com/showthre...26#post9153926
  • #3,933
  • Sep 22, 2016 1:10pm Sep 22, 2016 1:10pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting tseraf
Monoghan... I agree....over and over and over same questions!!! Enough!!

Quoting Bk8
I am sharing the simplest strategy.... we will be helping new traders to survive in the market and list goes on... You may try this strategy Good luck! {image}

This was written by this thread's author... Please, monoghan and tseraf, do not be so tough and intolerant.... There are many traders who are learning and do not understand yet well many issues...
  • #3,934
  • Sep 22, 2016 1:11pm Sep 22, 2016 1:11pm
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
Quoting monaghan
{quote} No problem Isaac i was not enquiring about your account size, i was merely suggesting that if any set ups are spotted to inform everybody straight away as entry's are often missed especially at six in the morning when the new Oanda Candle opens well done and good luck
Good point! I fully agree with you, monaghan... Let us share any good set ups in order to avoid missing them...
  • #3,935
  • Sep 22, 2016 1:26pm Sep 22, 2016 1:26pm
Quoting jmmn
{quote} {quote} This was written by this thread's author... Please, monoghan and tseraf, do not be so tough and intolerant.... There are many traders who are learning and do not understand yet well many issues...
Jmmn..Really didn't and don't feel I'm being tough or intolerant when the same questions that are being asked over and over are answered in the very 1st post. And then answered over and over agin throughout the thread.
  • #3,936
  • Sep 22, 2016 2:05pm Sep 22, 2016 2:05pm
Quoting FX-Flux
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. {file} {file}


Thanks for this FX Flux for creating this and to fatolepig for sending me straight to the post.

Do we have to run this manually daily right at a new daily candle or will it update on its own? I have no problem with either way.

Also, is there a way to show another chart instead of it showing the black/green chart?

Thanks.
I love forex. One day it will love me back.
  • #3,937
  • Sep 22, 2016 2:10pm Sep 22, 2016 2:10pm
Quoting FX-Flux
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. {file} {file}
Did you know that the Scripts folder is a sub-folder of the MQL4 folder? For the template name, could it be the Template folder?
  • #3,938
  • Sep 22, 2016 2:15pm Sep 22, 2016 2:15pm
Quoting FX-Flux
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. {file} {file}
By the way, does anyone know how I can set up my platform, so when new charts open, they open with the template I want?
  • #3,939
  • Sep 22, 2016 2:22pm Sep 22, 2016 2:22pm
Two hours until close. Looks like we have several options.

E/G-I like seeing that head and shoulders pattern in combination with the top BB touch and 5SMA cross. Potential Short
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CADJPY-Solid support at .76750, has now bounced three times. Potential Long (I'm less likely to take this because I'm already short UC, don't want too many eggs in one basket)
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GBPNZD-Broke through resistance, strong move off bottom BB, cross of 5 SMA with engulfing candle. Potential Long--This is probably my most likely position despite having to take smaller lot size than normal with the 200+ pip SL on this, but it also gives me opportunity to hedge my NU trade that has been going sideways for days
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  • #3,940
  • Sep 22, 2016 2:28pm Sep 22, 2016 2:28pm
Quoting BuffaloPat
Two hours until close. Looks like we have several options. E/G-I like seeing that head and shoulders pattern in combination with the top BB touch and 5SMA cross. Potential Short {image} CADJPY-Solid support at .76750, has now bounced three times. Potential Long (I'm less likely to take this because I'm already short UC, don't want too many eggs in one basket) {image} GBPNZD-Broke through resistance, strong move off bottom BB, cross of 5 SMA with engulfing candle. Potential Long--This is probably my most likely position despite having to take smaller...
HI, I agree on E/G with the pattern, and also G/N , it might retrace a bit.
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