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Monthly Profit - Daily Trading using SMA

  • #4,701
  • Sep 27, 2016 5:31am Sep 27, 2016 5:31am
Quoting MrRijk
{quote} Don't worry chief good days will come again and we only learn from bad setups.
Thank you Sir!
  • #4,702
  • Sep 27, 2016 5:32am Sep 27, 2016 5:32am
Hi BK8

Nobody wins all the time. Most important is when we lose we still believe in the strategy!
  • #4,703
  • Sep 27, 2016 5:34am Sep 27, 2016 5:34am
ok guys so what to do, how to make this system to work? how to know that its work for long period? how to avoid to look on other tfs, and stay calm and trading without nervs when we have losses or negatives trades like today.
well i say all this in post nr 4,680..

This is a home work for all as, trading is not so easy like we think here.
We need to know the sl and tp for every pair in part..for this strategy...after that we will know for sure how much to risky from ower accounts, and finaly make consistent money.
1. Open a excel file, or take a notepad.
2. Take every pair in part from last 2 years, and start chek every signal.
a) write the date of signal,
b) on front of it write maximum of profit, and maximum of drowdown of this signal
3. then fiend the average profit of the pair, and average drowdown of it. this will help you to fiend best tp and sl for every pair.
4. then calculate amount of pips from average profit of 2 years for each pair
5. then calculate the amount of lost pips from average drowdown of 2 years for each pair
6. thet take the pairs with the best amount of the pips for this period and the lest amount of lost pips of the same period, and trade just them.
after this you exactly will know how maximum you can lose, this will help you to select the risk of amonut from your account, this will help you to know what% of win have the system, and how much you can yearn on the end of the year, this will help you to stay calm in all condition of market when you have open trades, you will not be stress in drowdown coz you know the average of it..and so on..and finaly you will know it this strategi is profitable.
  • #4,704
  • Sep 27, 2016 5:42am Sep 27, 2016 5:42am
Quoting shum
ok guys so what to do, how to make this system to work?

Nobody backtests here mate.
  • #4,705
  • Sep 27, 2016 5:42am Sep 27, 2016 5:42am
@shum I appreciate your feedback but I still beleive trading is very simple. We claim 80% chances and so far we have not lost even 5% so relax.. we will be fine.

Quoting shum
ok guys so what to do, how t
o make this system to work? how to know that its work for long period? how to avoid to look on other tfs, and stay calm and trading without nervs when we have losses or negatives trades like today. well i say all this in post nr 4,680.. This is a home work for all as, trading is not so easy like we think here. We need to know the sl and tp for every pair in part..for this strategy...after that we will know for sure how much to risky from ower accounts, and finaly make consistent money. 1. Open a excel file, or take a...
  • #4,706
  • Sep 27, 2016 5:49am Sep 27, 2016 5:49am
Quoting Bk8
@shum I appreciate your feedback but I still beleive trading is very simple. We claim 80% chances and so far we have not lost even 5% so relax.. we will be fine. {quote}
agree mate, if you know what to trade, and when to trade, but here are a lot of new guys, they dont have the patience to stay so much in a trade, like you..so i have tryed to explain a method what for sure work..in long term..but its ok, i can stop to say all this and keep this system simple like it was from the begin
  • #4,707
  • Sep 27, 2016 5:54am Sep 27, 2016 5:54am
Hi All
amazing hey, everybody was euphoric last week now that things are not going to plan panic sets in , backtesting, weekly charts, do this do that, for me its simple if you cant afford to take a loss don't trade this method, look on some other thread, the rules are clear, if you cant stand the heat get out of the kitchen
  • #4,708
  • Sep 27, 2016 6:02am Sep 27, 2016 6:02am
Quoting Gracia
Hi BK8 Nobody wins all the time. Most important is when we lose we still believe in the strategy!
  • #4,709
  • Sep 27, 2016 6:03am Sep 27, 2016 6:03am
Quoting monaghan
Hi All amazing hey, everybody was euphoric last week now that things are not going to plan panic sets in , backtesting, weekly charts, do this do that, for me its simple if you cant afford to take a loss don't trade this method, look on some other thread, the rules are clear, if you cant stand the heat get out of the kitchen
My first post on this wonderful thread..

I completely agree with your point, you spoke my words infact, daily TF needs lot of patience, if you dare to have 600 pips profit, pls dare to bear 100 - 150 pips loss as well,owner BK has already explained in the first post that you may face losses for somedays as none of the system is 100% profitable in this market but you will be profitable for sure after a month if you trade it with discipline.

Keep it simple.
  • #4,710
  • Sep 27, 2016 6:09am Sep 27, 2016 6:09am
Quoting monaghan
Hi All amazing hey, everybody was euphoric last week now that things are not going to plan panic sets in , backtesting, weekly charts, do this do that, for me its simple if you cant afford to take a loss don't trade this method, look on some other thread, the rules are clear, if you cant stand the heat get out of the kitchen
Money is made by sitting, not trading. Jesse L. Livermore
  • #4,711
  • Sep 27, 2016 6:12am Sep 27, 2016 6:12am
With all due respect, I think it makes a difference people who are trading live versus those who are not.
If you have losses even if it is one two losses, tendency is normal to disect the trade and see where it gone wrong. Everyone has their share of opinion and that is also very normal when things are not right. On one hand we want a simple system and if we refuse to listen to reasonable explanation ehy a trade shd not be taken , then I think we are doing ourselves a disfavour. What Shum brought up is something we need to ponder.
It has nothing to do with whether ypu are a newbie or not.
Thank you
  • #4,712
  • Sep 27, 2016 6:14am Sep 27, 2016 6:14am
Quoting marsss
EURCHF SL Reached. Just For Records. I have 10 continuous Loosing trades in Last couple of days. A record in itself
10 in a row? which pairs did you trade?
  • #4,713
  • Sep 27, 2016 6:19am Sep 27, 2016 6:19am
Quoting Karemi-Trade
{quote} 10 in a row? which pairs did you trade?
As per our tracking E/J and A/CHF are the only setups hit SL so far
  • #4,714
  • Sep 27, 2016 6:23am Sep 27, 2016 6:23am
Quoting monaghan
Hi All amazing hey, everybody was euphoric last week now that things are not going to plan panic sets in , backtesting, weekly charts, do this do that, for me its simple if you cant afford to take a loss don't trade this method, look on some other thread, the rules are clear, if you cant stand the heat get out of the kitchen
  • #4,715
  • Sep 27, 2016 6:27am Sep 27, 2016 6:27am
Quoting temporal
{quote} Nobody backtests here mate.
I do. I love backtesting and automation.
  • #4,716
  • Sep 27, 2016 6:37am Sep 27, 2016 6:37am
Quoting monaghan
Hi All amazing hey, everybody was euphoric last week now that things are not going to plan panic sets in , backtesting, weekly charts, do this do that, for me its simple if you cant afford to take a loss don't trade this method, look on some other thread, the rules are clear, if you cant stand the heat get out of the kitchen
I complity agree with you.
Human beings are members of a whole, In creation of one essence and sol.
  • #4,717
  • Sep 27, 2016 6:40am Sep 27, 2016 6:40am
Quoting akatyk
{quote} I do. I love backtesting and automation.
and how do you feel about the results of this system?
So many in the Commercial section want to make me rich! :o
  • #4,718
  • Sep 27, 2016 6:43am Sep 27, 2016 6:43am
Last chance to get out from G/C
I posted similar suggestions on Sunday night when G/N and N/C were profitable
Attached Image (click to enlarge)
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  • #4,719
  • Sep 27, 2016 6:43am Sep 27, 2016 6:43am
Haven't tested it. Run mean reversion and this is a thought triggering thread.
  • #4,720
  • Sep 27, 2016 6:46am Sep 27, 2016 6:46am
Quoting Bk8
Last chance to get out from G/C I posted similar suggestions on Sunday night when G/N and N/C were profitable {image}
Thanks for the reminder. Unless you think it will go up to your favour.
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