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Monthly Profit - Daily Trading using SMA

  • #4,321
  • Sep 25, 2016 6:24am Sep 25, 2016 6:24am
I confess I have not read the entire thread yet, and my question may have been answered somewhere. Still, perhaps the owner of the thread or someone else would find 10 seconds to answer my question, which is this:
The configuration of SMA 5 (and consequently its position relative to price) is substantially impacted by one additional parameter in MT4 properties, which is "Apply to".

What should it be:
Close
Open
High
Low
Median price
Typical Price
Weighted close?

Thank you
  • #4,322
  • Sep 25, 2016 6:28am Sep 25, 2016 6:28am
Quoting MidnightRun
I confess I have not read the entire thread yet, and my question may have been answered somewhere. Still, perhaps the owner of the thread or someone else would find 10 seconds to answer my question, which is this: The configuration of SMA 5 (and consequently its position relative to price) is substantially impacted by one additional parameter in MT4 properties, which is "Apply to". What should it be: Close Open High Low Median price Typical Price Weighted close? Thank you
Close, regards
It's not about how much you make, it's about how much you don't lose
  • #4,323
  • Sep 25, 2016 6:28am Sep 25, 2016 6:28am
Quoting MidnightRun
I confess I have not read the entire thread yet, and my question may have been answered somewhere. Still, perhaps the owner of the thread or someone else would find 10 seconds to answer my question, which is this: The configuration of SMA 5 (and consequently its position relative to price) is substantially impacted by one additional parameter in MT4 properties, which is "Apply to". What should it be: Close Open High Low Median price Typical Price Weighted close? Thank you
Close
Read 1st post , if you don't understand something , then , ask a question
  • #4,324
  • Sep 25, 2016 6:54am Sep 25, 2016 6:54am
Setups for sunday- USD/CAD buy but sma havent crossed yet so i dont see any new setups.
  • #4,325
  • Sep 25, 2016 7:15am Sep 25, 2016 7:15am
Quoting Sandeens22
Setups for sunday- USD/CAD buy but sma havent crossed yet so i dont see any new setups.
If you use SMA 5,0 sma was crossed
Check you are using SMA 5,0 and not SMA 5,3

Cheers
  • #4,326
  • Sep 25, 2016 7:51am Sep 25, 2016 7:51am
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...

hello bk8.
thanks for sharing strategy.
when D1 candle close? 24 GMT or 24 new york time ? or else? thanks
  • #4,327
  • Sep 25, 2016 7:59am Sep 25, 2016 7:59am
Good Morning yonnie,

Another coincidence.. I just woke up and going to water lawn of my new house we have not moved yet but they already setup lawn so lots of work..


Quoting yonnie
got to plant my veggie garden tomorrow morning, so here goes what I see. candle closed last Friday. dont see any A1 trades, but the most promising: buy E/J - would prefer the close of the last candle to be above the high of the previous candle. plenty of space to go up and will see what the chief decides. buy E/U - last is a small candle, not reaching the high of the previous candle. only 100 pips to a possible resistance of the previous swing high @ 1.1327 sell N/CH - but already well into the swing and only 105 pips away from previous swing...
  • #4,328
  • Sep 25, 2016 8:06am Sep 25, 2016 8:06am
Quoting bluemaan1156
{quote} hello bk8. thanks for sharing strategy. when D1 candle close? 24 GMT or 24 new york time ? or else? thanks
Midnight, GMT+2
So many in the Commercial section want to make me rich! :o
  • #4,329
  • Sep 25, 2016 8:32am Sep 25, 2016 8:32am
Quoting FX-Flux
{quote} Midnight, GMT+2

thanks flux.so which broker use it ?

My broker D1 candle close at 24 GMT.
  • #4,330
  • Sep 25, 2016 8:39am Sep 25, 2016 8:39am
Quoting bobhowson
{quote} When I came across this system I was using my Pending Order system with the help of the Stochastic Indicator. I have combined them together but I don't want to go into it on this thread in respect of Bk8.
dont you think that it has no use to mention your orders here if you dont follow Bk8`s rules?
  • #4,331
  • Edited 8:54am Sep 25, 2016 8:42am | Edited 8:54am
Quoting Bk8
Good Morning yonnie, Another coincidence.. I just woke up and going to water lawn of my new house we have not moved yet but they already setup lawn so lots of work.. {quote}
wow, you already bought yourself a new home with all your profits
congratulations and hope you and your family will be really happy there!
  • #4,332
  • Sep 25, 2016 8:50am Sep 25, 2016 8:50am
Bestof27

I use sma 5.0 but its dont show that is crossed.
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  • #4,333
  • Sep 25, 2016 8:53am Sep 25, 2016 8:53am
this is my result of my 1st week trying this system. Only one position each pair. Lets see how it goes next week.
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  • #4,334
  • Sep 25, 2016 8:58am Sep 25, 2016 8:58am
Quoting Sandeens22
Bestof27 I use sma 5.0 but its dont show that is crossed. {image}
what do you mean it didnt crossed? It already close above the red MA

or maybe what you mean is the red MA did not crossed the candle yet?
  • #4,335
  • Sep 25, 2016 8:59am Sep 25, 2016 8:59am
Quoting mario777
this is my result of my 1st week trying this system. Only one position each pair. Lets see how it goes next week. {image}
well done mario - awesome!
  • #4,336
  • Sep 25, 2016 8:59am Sep 25, 2016 8:59am
Hello all. ey long is the best setup I see. But of course I am ready to be corrected. Have a nice Sunday.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #4,337
  • Sep 25, 2016 9:11am Sep 25, 2016 9:11am
Quoting Sandeens22
Bestof27 I use sma 5.0 but its dont show that is crossed. {image}
I have two brokers 0:00 GMT and 0.00 GMT + 3 ... on both 5SMA(0) is crossed...

1. But this is entry into a strong resistance ...
2. Signal candle is very long so to be profitable needs to make more 200 pips

For me it is a risky setup ... maybe it will work out maybe not , for me its gambling, guessing

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  • #4,338
  • Sep 25, 2016 9:41am Sep 25, 2016 9:41am
Ha ha, thank you Sir... my profit looks good in terms of pips only not $$$.. I hope forex profit may help me to payoff loan though

Quoting yonnie
{quote} wow, you already bought yourself a new home with all your profits congratulations and hope you and your family will be really happy there!
  • #4,339
  • Sep 25, 2016 9:44am Sep 25, 2016 9:44am
Quoting mario777
this is my result of my 1st week trying this system. Only one position each pair. Lets see how it goes next week. {image}
  • #4,340
  • Sep 25, 2016 9:45am Sep 25, 2016 9:45am
New signals I see for the opening.

Short:
AUDCHF
CADCHF
NZDUSD
WTI CRUDE

Long:
CHFJPY
EURCAD
EURJPY
USDCAD

Please correct me if you see anything wrong.
All the best and an excellent trading week to all.
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