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Monthly Profit - Daily Trading using SMA

  • #6,001
  • Oct 14, 2016 9:17am Oct 14, 2016 9:17am
Quoting Heelfan23
{quote} I passed on this trade as well, as the 200 sma was just below. Price bounced right off of it, just like it did twice in September.
With due respect to bk8, obviously looking at sma cross, non ranging is not enough. We need to be aware of surrounding SR, ma, trendline , filters ,what's the overall trend etc to make this strategy complete.
Someone in this thread had mentioned that going by sma alone is not sustainable in the long run.Ask any experienced trader. Right now many of our trades failed but we do not know why.Our main reason of failures seems to focus on ranging. But trading by itself cannot be too simplistic although we try to have a simple system. There are just too many other variables we need to consider before we pull the trigger. Thank you
  • #6,002
  • Oct 14, 2016 9:39am Oct 14, 2016 9:39am
Quoting josephkee
{quote} With due respect to bk8, obviously looking at sma cross, non ranging is not enough. We need to be aware of surrounding SR, ma, trendline , filters ,what's the overall trend etc to make this strategy complete. Someone in this thread had mentioned that going by sma alone is not sustainable in the long run.Ask any experienced trader. Right now many of our trades failed but we do not know why.Our main reason of failures seems to focus on ranging. But trading by itself cannot be too simplistic although we try to have a simple system. There are...
I can see that your intention is purely want to improve this strategy so it perform better. Unfortunately, your suggestion not considered good enough from many trader/contributors here. My guess is pride/ego thingy (sorry no offense intended).

Personally, I see value in your suggestion. In fact, I already use some of things that you suggest in my own forward test with this strategy, but I don't bother to post it here as it may distract the thread because of the tweak I used. Besides, if the tweak bring more higher win percentage/ win rate/ profit from the the original strategy, it's your own tweak that bring that edge, not the original strategy.

So I advise you keep tweak at your own research, until you find proven edge. After that point, it's up to you if you want to share it back or keep it yourself, you don't have obligation to share it back. If you're a good person, you must be know what to do
  • #6,003
  • Oct 14, 2016 9:42am Oct 14, 2016 9:42am
Quoting pipmunks
{quote} I can see that your intention is purely want to improve this strategy so it perform better. Unfortunately, your suggestion not considered good enough from many trader/contributors here. My guess is pride/ego thingy (sorry no offense intended). Personally, I see value in your suggestion. In fact, I already use some of things that you suggest in my own forward test with this strategy, but I don't bother to post it here as it may distract the thread because of the tweak I used. Besides, if the tweak bring more higher win percentage/ win rate/...
Ok point taken. Let the pride and ego prevail.
  • #6,004
  • Oct 14, 2016 10:13am Oct 14, 2016 10:13am
Hello all,

It was a good day. I am out at this time. I do not like being in over the weekend. Can not post chart unless asked too. Sorry. Have a great weekend.
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  • #6,005
  • Oct 14, 2016 10:32am Oct 14, 2016 10:32am
Quoting Moonbeam15
Hello all, It was a good day. I am out at this time. I do not like being in over the weekend. Can not post chart unless asked too. Sorry. Have a great weekend. {image}
If you are out aud/usd, it's the best decision you've made because it hit my 61.8 level and is retracing.
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  • #6,006
  • Oct 14, 2016 10:43am Oct 14, 2016 10:43am
Quoting josephkee
{quote} Hi Bk8, this was what I was talking about but I was slammed for bringing this up. It is not a change of strategy per se but the cross of the two shift adds as a filter. There is always no harm adding this filter. If it cross well and good since it already fulfill our first rule i.e. a bar that cross the SMA 5,0. For those of us who had been trading for some time, you will come across everywhere in website on ema crossing eg faster ema 5 crossing the ema 10 from below to give a buy signal and ema 5 crossing ema 10 from on top to give a sell...
So how do you apply this filter? Do you just say when the 0-Shift crosses the 3-Shift it acts as a better indicator to supplement the other rules?
So many in the Commercial section want to make me rich! :o
  • #6,007
  • Oct 14, 2016 10:52am Oct 14, 2016 10:52am
Quoting FX-Flux
{quote} So how do you apply this filter? Do you just say when the 0-Shift crosses the 3-Shift it acts as a better indicator to supplement the other rules?
Hi
Pm you. Do not want to discuss further here.
  • #6,008
  • Oct 14, 2016 12:40pm Oct 14, 2016 12:40pm
Quoting josephkee
{quote} Hi some of you says I am speaking on hindsight. No I did not. Please refer to my post 5900 and Martyhype post 5902. thanks
I see space into S / R mainly,but only for 50 fibo correction input.I had two positions rrr 1 rrr3 and so I ended up without losing.
It was not the inputs in accordance with system sma 5.3,but as a breakout centerline Bollinger Bands
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  • #6,009
  • Oct 14, 2016 1:51pm Oct 14, 2016 1:51pm
Quoting josephkee
Those of you who had taken sell AUDUSD would have your SL already taken out today. Like I mentioned previously, although it fit our rule of a bar crossing the sma 5,0 the bearish bar actually met a trendline support and a hugh pin bar rejected the trendline and started to move up. I am sorry for your loss. I do not want to pour cold water on this wonderful bk8 strategy but I think it would be prudent to incorporate some sense of SR blocking your way as a safe bet. Please do not be angry because I am in fact, not saying anything new but it only make...
  • #6,010
  • Oct 14, 2016 4:15pm Oct 14, 2016 4:15pm
Quoting saranga
hi all friends this indi alert 5sma close it's good alert on chart bk8 advice want setting this indi {file} {file} {image}
hello Saranga, you can add an email alert to this indicator?
Attached File(s)
File Type: mq4 Price MA Breakout.mq4   3 KB | 386 downloads
  • #6,011
  • Oct 14, 2016 4:26pm Oct 14, 2016 4:26pm
Just wondering after the market closee and when its open on sunday night why candles are jumping so high or down?
  • #6,012
  • Oct 14, 2016 5:22pm Oct 14, 2016 5:22pm
my open trades. stopped out with aj and uj. I mostly just look at the potential profit margin or the path of least resistance after an sma cross, and of course the overall trend.

off topic: the reason I will not recommend paid mentoring is because we all have different bias and interpretation of the very same strategy. a profitable strategy to one does not mean will also work for the rest.
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  • #6,013
  • Oct 14, 2016 8:07pm Oct 14, 2016 8:07pm
Quoting josephkee
{quote} Hi Pm you. Do not want to discuss further here.
Hi josephkee,

thanks for sharing. Do you have the filter? How do I apply this filter?
  • #6,014
  • Oct 14, 2016 8:32pm Oct 14, 2016 8:32pm
Can somebody answer my question???
  • #6,015
  • Oct 14, 2016 9:02pm Oct 14, 2016 9:02pm
Quoting Sandeens22
Can somebody answer my question???
Hi are you talking about the market gap up or diwn?
  • #6,016
  • Oct 14, 2016 9:16pm Oct 14, 2016 9:16pm
Quoting Bk8
Team, As I mentioned earlier, I used SMA 5,3 for a long time but later we noticed that 5,0 was more promising... but last 2-3 weeks is very disappointing. I just started experimenting cross of 5,3 and 5,0 Someone also mentioned earlier the same. I took U/C last night, and looks good so far. Lets test this startegy as a alternate option for some time however we would continue to use original strategy. {image}
Hi Bk8,

By experimenting cross of 5,3 and 5,0, do you mean the SMA cross one another when candle closed then you do your entry or do you mean the candle closed and crossed both of the SMA then you do your entry? Thank you in advance for sharing the explanation.

Quoting josephkee
{quote} Hi Pm you. Do not want to discuss further here.
Hi josephkee,

It seems Bk8 was also trying out this method. Could you share it here on how you would trade the 5,3 and 5,0 SMA cross over? Thanks a lot!
  • #6,017
  • Oct 14, 2016 11:53pm Oct 14, 2016 11:53pm
Quoting SGKen
{quote} Hi Bk8, By experimenting cross of 5,3 and 5,0, do you mean the SMA cross one another when candle closed then you do your entry or do you mean the candle closed and crossed both of the SMA then you do your entry? Thank you in advance for sharing the explanation. {quote} Hi josephkee, It seems Bk8 was also trying out this method. Could you share it here on how you would trade the 5,3 and 5,0 SMA cross over? Thanks a lot!
Hi
I would be glad to share. If you have read some of the post in response to my earlier sharing, the tone of their message is that there need to have test to substantiate my claims. That I believe goes against the spirit of a good thread. So I chose to only speak in private to those who appreciate my effort and for the record I have received at least twenty of you who pm me and were keen and listen. I was kept busy but I am glad so many care to listen because the indicator is right before your eyes and if you are not aware and told, your mind is not tune to look out for it.
It is sad when people choose to shut out and prefer to Lose a few more trades and money and ignorant to what is being said.
So, Pm me please with your email. I hope you understand
Thank you
  • #6,018
  • Oct 15, 2016 3:52am Oct 15, 2016 3:52am
Quoting josephkee
{quote} Hi I would be glad to share. If you have read some of the post in response to my earlier sharing, the tone of their message is that there need to have test to substantiate my claims. That I believe goes against the spirit of a good thread. So I chose to only speak in private to those who appreciate my effort and for the record I have received at least twenty of you who pm me and were keen and listen. I was kept busy but I am glad so many care to listen because the indicator is right before your eyes and if you are not aware and told, your...
Hi JK
why don't you do what i am doing, and stop being a pain in the ass, i don't post anymore as i am testing my own addition's to BK's system, when i have competed this after 3 or 4 months if successful i will let everybody know, BK8 first of course,
  • #6,019
  • Oct 15, 2016 4:10am Oct 15, 2016 4:10am
Quoting Sandeens22
Can somebody answer my question???
What you are talking about is the weekend gap. Most brokers close down on a friday evening and reopen sunday evening, however the market continues to trade between these times (albeit with low volume), so sometimes when your broker reopens on a sunday a gap will have formed. Hope that explains it
  • #6,020
  • Oct 15, 2016 8:35am Oct 15, 2016 8:35am
Quoting monaghan
{quote} Hi JK why don't you do what i am doing, and stop being a pain in the ass, i don't post anymore as i am testing my own addition's to BK's system, when i have competed this after 3 or 4 months if successful i will let everybody know, BK8 first of course,
To the twenty two persons who have pm me to ask me to help, this is one person that is just darn rude whIch is why I have stop talking about it. . I am ignoring you because you don't deserve my time reading your uncultured post.
Please mind your language.
Thank you
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