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Monthly Profit - Daily Trading using SMA

  • #5,841
  • Oct 11, 2016 2:30am Oct 11, 2016 2:30am
Quoting Bk8
{quote} Awsome.. start your own thread...you will find many followers. Please do not confuse my few remaining freinds here
Hi Bk8
Our friend posted a slight deviation from your technique. He is asking us to enter slightly above or below the candle that cross the sma to avoid false whipsaw. I seriously see value in what he is saying. Lately we have been entering trades based on just sma cross and we were caught with many that turn against us.
Let's not kill some good idea here.
I know you are going to ask me to buss off if I cannot stick to original rules. But, in all seriousness, I am all for positive constructive improvement.
Thank you
  • #5,842
  • Oct 11, 2016 2:33am Oct 11, 2016 2:33am
This strategy is great it works well for me. the pairs i took yesterday met the rules but the market did not follow.
  • #5,843
  • Oct 11, 2016 2:59am Oct 11, 2016 2:59am
Quoting josephkee
{quote} Hi Bk8 Our friend posted a slight deviation from your technique. He is asking us to enter slightly above or below the candle that cross the sma to avoid false whipsaw. I seriously see value in what he is saying. Lately we have been entering trades based on just sma cross and we were caught with many that turn against us. Let's not kill some good idea here. I know you are going to ask me to buss off if I cannot stick to original rules. But, in all seriousness, I am all for positive constructive improvement. Thank...
So do I but we'll have to gather statistical evidence to be sure. Trade both systems at the same time and after 100 trades we will know more. Let's see what Bk8 reckons.
  • #5,844
  • Oct 11, 2016 3:09am Oct 11, 2016 3:09am
Quoting Karemi-Trade
{quote} So do I but we'll have to gather statistical evidence to be sure. Trade both systems at the same time and after 100 trades we will know more. Let's see what Bk8 reckons.
We have to see what's best to bring this strategy one more step to the next level. By refusing to accept new idea is not doing us any favour. We must be honest with ourself. Thus system is not perfect yet and any constructive idea to improve should be welcome.If we think jUST by sma cross,avoid range will make us profitable I think we need to think again.
His idea of entering when the next candle trade past the crossed candle is not something outlandish.The basic strategy of bk8 still remains.
Thank you.
  • #5,845
  • Oct 11, 2016 3:23am Oct 11, 2016 3:23am
Quoting josephkee
{quote} We have to see what's best to bring this strategy one more step to the next level. By refusing to accept new idea is not doing us any favour. We must be honest with ourself. Thus system is not perfect yet and any constructive idea to improve should be welcome.If we think jUST by sma cross,avoid range will make us profitable I think we need to think again. His idea of entering when the next candle trade past the crossed candle is not something outlandish.The basic strategy of bk8 still remains. Thank you.
HERE, HERE!!!

Traders we are all protective of things that work but we got to chill out just a little, just saying.
  • #5,846
  • Oct 11, 2016 3:24am Oct 11, 2016 3:24am
Quoting josephkee
{quote} We have to see what's best to bring this strategy one more step to the next level. By refusing to accept new idea is not doing us any favour. We must be honest with ourself. Thus system is not perfect yet and any constructive idea to improve should be welcome.If we think jUST by sma cross,avoid range will make us profitable I think we need to think again. His idea of entering when the next candle trade past the crossed candle is not something outlandish.The basic strategy of bk8 still remains. Thank you.
Recently someone in this thread recommended that we see sma 5 shift 0 crossing over sma5 shift 3 as an added confirmation to filter out false sma 5,0 cross. He dare not post it here fearing backlash from people here. But when he and I discussed it we realised that whenever shift 0 and 3cross, it provide relatively accurate confirmation. I have adopted his strategy to help me filter out many false entry based on original idea. Those of us who still refuse to listen are seriously doing themselves a big disfavour. My English is not good and I don't know if I communicated the right message to you.That is only my intention and not to disrupt a seemingly good thread.
Thank you.
  • #5,847
  • Oct 11, 2016 3:25am Oct 11, 2016 3:25am
Quoting josephkee
{quote} We have to see what's best to bring this strategy one more step to the next level. By refusing to accept new idea is not doing us any favour. We must be honest with ourself. Thus system is not perfect yet and any constructive idea to improve should be welcome.If we think jUST by sma cross,avoid range will make us profitable I think we need to think again. His idea of entering when the next candle trade past the crossed candle is not something outlandish.The basic strategy of bk8 still remains. Thank you.
Totally agree on the testing (/back testing?) proposal.
I used to be indecisive but now I'm not so sure...
  • #5,848
  • Oct 11, 2016 3:38am Oct 11, 2016 3:38am
why back test? forward testing is the way to go.
  • #5,849
  • Oct 11, 2016 3:41am Oct 11, 2016 3:41am
Quoting Karemi-Trade
why back test? forward testing is the way to go.
To avoid having to wait for a hundred trades to be closed maybe?
I used to be indecisive but now I'm not so sure...
  • #5,850
  • Oct 11, 2016 3:46am Oct 11, 2016 3:46am
Quoting Filipo1
{quote} To avoid having to wait for a hundred trades to be closed maybe?
well Bk8 said that new rules can be presented if one has statistical evidence proving profitability. So please go ahead with your back test and share your results with us.
  • #5,851
  • Oct 11, 2016 4:49am Oct 11, 2016 4:49am
Quoting deankenny21
{quote} Yes it started well, this is why I was very active to begin with, telling people daily charts are good, stick with it, it's about long term, not waking up with a Ferrari tomorrow.
I started trading this on demo (very successful) and then live (also very successful) I'm back to square one on my live. If i had been on one account from the start I would still be up. So I agree it is a long term strategy.
So many in the Commercial section want to make me rich! :o
  • #5,852
  • Oct 11, 2016 6:11am Oct 11, 2016 6:11am
Quoting josephkee
{quote} Recently someone in this thread recommended that we see sma 5 shift 0 crossing over sma5 shift 3 as an added confirmation to filter out false sma 5,0 cross. He dare not post it here fearing backlash from people here. But when he and I discussed it we realised that whenever shift 0 and 3cross, it provide relatively accurate confirmation. I have adopted his strategy to help me filter out many false entry based on original idea. Those of us who still refuse to listen are seriously doing themselves a big disfavour. My English is not good and...
I josephkee,
Have you improved your results using this filter ?
We got some loosers recently, did you manage to avoid them with sma 5,0 & 5,3 cross ?
  • #5,853
  • Oct 11, 2016 6:34am Oct 11, 2016 6:34am
Quoting Bestof27
{quote} I josephkee, Have you improved your results using this filter ? We got some loosers recently, did you manage to avoid them with sma 5,0 & 5,3 cross ?
I will pm you. Let's talk in private since this is not part of the strategy
Thanks
  • #5,854
  • Oct 11, 2016 7:09am Oct 11, 2016 7:09am
Sma 5,0 -you entry shortly,but sometimes you go against the trend too,we need more experience for selecting the best setup,max 1-3 signals per week take.
  • #5,855
  • Oct 11, 2016 7:11am Oct 11, 2016 7:11am
But please Share the results with us. I'm very interested in finding some improvements for this Strategie
  • #5,856
  • Oct 11, 2016 8:07am Oct 11, 2016 8:07am
Quoting Bk8
{quote} Ha ha, Mr Filip - you are the best. trust me I am really busy now days due to my new house. Still my old stuff waiting to move...and so many things are pending new house e.g. lights, replace damaged new furnitures, blinds, curtains etc etc... Thats why I do not get chance to review why all sudden most of setups are not performing as expected, performance reports, etc.. I am not sure how A/N will perform but I took this setup as per our rules on #1. Yes there is no enough space from upper BB. If you look at most of losers, somehow those setups...
Thank you , for your comprehensive answer . Wish you all the best with your new house I understand that , because I am also very busy,that's why that kind of strategy suits my life style very well .

Trades from Sunday/Monday
CH/J +11
A/J +15
Read 1st post , if you don't understand something , then , ask a question
  • #5,857
  • Oct 11, 2016 9:37am Oct 11, 2016 9:37am
best strategy

i trade 10 years and first time i try simple strategy and very good just need risk management and up ur return monthly Thaanx Bk8 for help and we can Maximize accuracy

good luck
  • #5,858
  • Oct 11, 2016 9:45am Oct 11, 2016 9:45am
AUDJPY coming back, now +25

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  • #5,859
  • Oct 11, 2016 10:13am Oct 11, 2016 10:13am
Hi Beth25
Your pm to me I am unable to reply. I think you have ignore me button on.
Pls pm me again and let me have yr email.
Thanks
  • #5,860
  • Oct 11, 2016 10:19am Oct 11, 2016 10:19am
Well, I was stopped out yesterday on AUD/JPY, but took EUR/JPY this morning on my 4 hour strategy, I don't know if EUR/JPY was a trade for this strategy, if any one took EUR/JPY short, you better be dancing with joy!!!
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