Monthly Profit - Daily Trading using SMA | Page 265 | Forex Factory

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Monthly Profit - Daily Trading using SMA

  • #5,281
  • Sep 30, 2016 6:32am Sep 30, 2016 6:32am
Quoting FX-Flux
{quote} +1 I think it is important for back testing using an algo to make sure you are clear on how you determine a sideways pattern ect.
Yes you are right. If I did it and another person did it (forex tester 2) we would definitely have different results.
It's not about how much you make, it's about how much you don't lose
  • #5,282
  • Sep 30, 2016 6:44am Sep 30, 2016 6:44am
Quoting temporal
{quote} Hi martyhype, 80% win rate looks great. Since this kind of backtest can't look for sideways and clearly closing through the SMA, or test for the wicks and S&R addon rules, I would guess you followed the rule from post 1 where price technically closes through the SMA and that's it. It would seem a very good system. 2 trades a month doesn't seem like much but if the profitability holds up over 20 pairs or so it would be very easy to compound, especially if the profit factor stays over 3. If your initial stop loss was 15p past the signal bar...
Hi, yes followed post 1 as guidline for entry. Stop was also the same in post 1. Take profit was first position only close if in profit and move second position to breakeven. Let it run untill new setup came. As for the lot size that was due to the fact that has your equity increased you increase the lot size. I had started with .02 lots. I have a excel spreadsheet for calculating lot sizes that should be used when equity rises and lowers. Its pretty cool I got it from Mr Pips.
It's not about how much you make, it's about how much you don't lose
  • #5,283
  • Sep 30, 2016 8:14am Sep 30, 2016 8:14am
Fantastic set of trades these are
So many in the Commercial section want to make me rich! :o
  • #5,284
  • Sep 30, 2016 8:29am Sep 30, 2016 8:29am
Quoting FX-Flux
Fantastic set of trades these are
The sarcasm is real.
  • #5,285
  • Sep 30, 2016 8:35am Sep 30, 2016 8:35am
Quoting martyhype
{quote} Yes you are right. If I did it and another person did it (forex tester 2) we would definitely have different results.
You would hope they were both profitable though.
So many in the Commercial section want to make me rich! :o
  • #5,286
  • Sep 30, 2016 8:54am Sep 30, 2016 8:54am
Quoting FX-Flux
{quote} Clearly crossing through is very easy. if ( Mathabs(iOpen-iClose)> 80Pips && iOpen < MA && iClose > MA && (iClose-MA)>Mathabs(iOpen-iClose)*0.25) } BuyFunction() } This means that you need a candle body greater than 80 Pips and at least 25% of the body has closed over the MA
Nice post FX-Flux.
Thanks.
  • #5,287
  • Sep 30, 2016 9:00am Sep 30, 2016 9:00am
I think it's disgusting and just goes to show why 95% fail in forex, that this threads popularity has died compared to last weeks stats, over 100 viewers throughout the day, now down to nearly half that just because BK8s system is doing awfully bad at the moment people run a mile, and that's exactly why these quitters will always fail jumping from system to system. Just goes to show the average thinking of a FF member.

Even the most pro of traders have losses, and losing downswings as do pro poker players, it's part of the game afraid, even I have losing days sometimes. It happens, but it's how we deal with these losers that will make us!!

For those that have left just because this system is failing miserably this week, then you have 2 options
1. Come back, stick with it, and you will end up in profit in the longrun.
2. Run away because you had a bad week, jump to the next system and repeat the same stupid losing circle.

For those that stay, kudos and credits to you guys, we know it's a very bad week, but we also know that in the end if rules adhered to that we will end out on top in the long run of things.

Stick around, don't just run because this system has been poor this week
  • #5,288
  • Sep 30, 2016 9:04am Sep 30, 2016 9:04am
Quoting bolehbah69
just started, added own filter, managed it using google spreadsheet, pretty easy to use {image}
Thanks bolehbah69. This is the clear proof that BK8 strategy works.

If people start to stick to the rules and do their own due diligence for his own trading they will see positive results. In the other hand, if people are just here to fight each other and complain and criticize about the strategy they will never get positive results. Change the mindset of criticize and focus in the strategy to get results and grow your account. This is one of the simplest, cleanest, profitable and best strategies I have ever seem in Forex trading. Thanks BK8 for sharing it in the first place.

LearnDaily.
  • #5,289
  • Sep 30, 2016 9:17am Sep 30, 2016 9:17am
Quoting deankenny21
I think it's disgusting and just goes to show why 95% fail in forex, that this threads popularity has died compared to last weeks stats, over 100 viewers throughout the day, now down to nearly half that just because BK8s system is doing awfully bad at the moment people run a mile, and that's exactly why these quitters will always fail jumping from system to system. Just goes to show the average thinking of a FF member. Even the most pro of traders have losses, and losing downswings as do pro poker players, it's part of the game afraid, even I have...
  • #5,290
  • Sep 30, 2016 9:17am Sep 30, 2016 9:17am
Quoting deankenny21
I think it's disgusting and just goes to show why 95% fail in forex, that this threads popularity has died compared to last weeks stats, over 100 viewers throughout the day, now down to nearly half that just because BK8s system is doing awfully bad at the moment people run a mile, and that's exactly why these quitters will always fail jumping from system to system. Just goes to show the average thinking of a FF member. Even the most pro of traders have losses, and losing downswings as do pro poker players, it's part of the game afraid, even I have...
Still here, still learning .. 😊
  • #5,291
  • Sep 30, 2016 9:32am Sep 30, 2016 9:32am
Quoting deankenny21
I think it's disgusting and just goes to show why 95% fail in forex, that this threads popularity has died compared to last weeks stats, over 100 viewers throughout the day, now down to nearly half that just because BK8s system is doing awfully bad at the moment people run a mile, and that's exactly why these quitters will always fail jumping from system to system. Just goes to show the average thinking of a FF member. Even the most pro of traders have losses, and losing downswings as do pro poker players, it's part of the game afraid, even I have...
Well said bro...
When the going gets tough, the tough gets going..
  • #5,292
  • Sep 30, 2016 9:40am Sep 30, 2016 9:40am
Quoting deankenny21
I think it's disgusting and just goes to show why 95% fail in forex, that this threads popularity has died compared to last weeks stats, over 100 viewers throughout the day, now down to nearly half that just because BK8s system is doing awfully bad at the moment people run a mile, and that's exactly why these quitters will always fail jumping from system to system. Just goes to show the average thinking of a FF member. Even the most pro of traders have losses, and losing downswings as do pro poker players, it's part of the game afraid, even I have...
i am 100% at your side
Human beings are members of a whole, In creation of one essence and sol.
  • #5,293
  • Sep 30, 2016 9:48am Sep 30, 2016 9:48am
Quoting deankenny21
I think it's disgusting and just goes to show why 95% fail in forex, that this threads popularity has died compared to last weeks stats, over 100 viewers throughout the day, now down to nearly half that just because BK8s system is doing awfully bad at the moment people run a mile, and that's exactly why these quitters will always fail jumping from system to system. Just goes to show the average thinking of a FF member. Even the most pro of traders have losses, and losing downswings as do pro poker players, it's part of the game afraid, even I have...
well said. Maybe it is not that bad that this kind of people left.
  • #5,294
  • Sep 30, 2016 9:57am Sep 30, 2016 9:57am
Quoting deankenny21
I think it's disgusting and just goes to show why 95% fail in forex, that this threads popularity has died compared to last weeks stats, over 100 viewers throughout the day, now down to nearly half that just because BK8s system is doing awfully bad at the moment people run a mile, and that's exactly why these quitters will always fail jumping from system to system. Just goes to show the average thinking of a FF member. Even the most pro of traders have losses, and losing downswings as do pro poker players, it's part of the game afraid, even I have...
Now only wise people left

I am with BK8 and it's system.
I Win, I Lose, It's my Job... And I Love it!
  • #5,295
  • Sep 30, 2016 10:01am Sep 30, 2016 10:01am
  •  jmmn
  • | Joined Nov 2015 | Status: Learning while making money... | 647 Posts
mathy and rapzyFX, thanks for you comments to my post. They are positive and constructive. It was a pleasure to read you both. Thanks again. I learned and that is what I am looking for.
  • #5,296
  • Sep 30, 2016 10:05am Sep 30, 2016 10:05am
Quoting deankenny21
I think it's disgusting and just goes to show why 95% fail in forex, that this threads popularity has died compared to last weeks stats, over 100 viewers throughout the day, now down to nearly half that just because BK8s system is doing awfully bad at the moment people run a mile, and that's exactly why these quitters will always fail jumping from system to system. Just goes to show the average thinking of a FF member. Even the most pro of traders have losses, and losing downswings as do pro poker players, it's part of the game afraid, even I have...
Wise man, wise words, still hanging on this thread, keep going

  • #5,297
  • Sep 30, 2016 10:26am Sep 30, 2016 10:26am
Quoting deankenny21
I think it's disgusting and just goes to show why 95% fail in forex, that this threads popularity has died compared to last weeks stats, over 100 viewers throughout the day, now down to nearly half that just because BK8s system is doing awfully bad at the moment people run a mile, and that's exactly why these quitters will always fail jumping from system to system. Just goes to show the average thinking of a FF member. Even the most pro of traders have losses, and losing downswings as do pro poker players, it's part of the game afraid, even I have...
Sad , but true..

1. Find a system
2. Excitement - make some money
3. Bad week - oh, so the system does not work
4. Jump to another system
5. Repeat
Read 1st post , if you don't understand something , then , ask a question
  • #5,298
  • Sep 30, 2016 10:44am Sep 30, 2016 10:44am
Quoting Pipsifx
{quote} The sarcasm is real.
haha just these ones. Still learning.
So many in the Commercial section want to make me rich! :o
  • #5,299
  • Sep 30, 2016 10:44am Sep 30, 2016 10:44am
Quoting Ghibli
{quote} Sad , but true.. 1. Find a system 2. Excitement - make some money 3. Bad week - oh, so the system does not work 4. Jump to another system 5. Repeat
Im staying. I like this system.
So many in the Commercial section want to make me rich! :o
  • #5,300
  • Sep 30, 2016 10:58am Sep 30, 2016 10:58am
Quoting deankenny21
I think it's disgusting and just goes to show why 95% fail in forex, that this threads popularity has died compared to last weeks stats...
Thank you deankenny21!
I thought that it was just me having a terrible week. Your words have saved me from jumping ship. I will hang in there.

Regards
Cluttered charts are visual diarrhea. Whats on your charts?
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