Monthly Profit - Daily Trading using SMA | Page 323 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daily Profit - H1 Trading using SMA 751 replies

Jake Bernstein 10 SMA high 8 SMA low trading system 94 replies

SMA 200+SMA 55+SMA 5 is very profitable 49 replies

AUDUSD/AUDCHF/NZDJPY basket trading using 50 sma and 200 sma 16 replies

Programming of SMA and SMA cross over 20 replies

Attachments: Monthly Profit - Daily Trading using SMA
Exit Attachments

Monthly Profit - Daily Trading using SMA

  • #6,441
  • Oct 22, 2016 1:33pm Oct 22, 2016 1:33pm
Quoting Prax
{quote} I could use this as my signature
Haha
So many in the Commercial section want to make me rich! :o
  • #6,442
  • Oct 22, 2016 1:38pm Oct 22, 2016 1:38pm
Quoting FX-Flux
{quote} E.G. Seems to be bouncing all over the place. Don't know if we should close on a profit
True, but big retrace thursday made me more confident to keep him, so pure price action dicision.
Persistence will get it. Consistency will keep it.
  • #6,443
  • Oct 22, 2016 2:18pm Oct 22, 2016 2:18pm
thanks for this Tony will give it a run

Quoting tony-fx
Up to date Download Last Ver 1.1 Fixed bug!!!! EA Run on Daily chart https://www.youtube.com/watch?v=5IrzuRkjx3k Entry Long - When previous D1 bull candle's body has clearly crossed SMA and did not touch BB upper band. Short - When previous D1 bear candle's body has clearly crossed SMA and did not touch BB lower band. *** Order 'll open next bar Stop Loss high(+15 Pips)/low(-15 Pips) of previous candle Take Profit/Exit Exit with TP (You can be setting TP in pips.) Exit with Breakeven (You can be setting BE in pips.) Candle touches/cross...
  • #6,444
  • Edited 4:06pm Oct 22, 2016 3:55pm | Edited 4:06pm
Quoting uaehawx
{image}
from the backtest E/U 2013/14/15 its obvious that no consideration was given to wick size and/or sideways action.
my estimate is 15 trades per pair per year - in the test 60 trades per year.
that this test and earlier tests with substandard entries still managed to be profitable is testimony to the strength of Bk8`s system.
we`re on a winner here

long entries in this test turned mostly into losses, because of the significant down trend for a long period.
I will take the trend into account in my manual backtest to start soon.
  • #6,445
  • Oct 22, 2016 4:01pm Oct 22, 2016 4:01pm
Quoting yonnie
{quote} from the backtest E/U 2013/14/15 its obvious that no consideration was given to wick size and/or sideways action. my estimate is 15 trades per pair per year - in the test 60 trades per year. that this test and earlier tests with substandard entries still managed to be profitable is testimony to the strength of Bk8`s system. we`re on a winner here
Yep. My backtests with poor entries still have good results. I advise trying my manual backtester EA over a year of data and see how your results come out.
So many in the Commercial section want to make me rich! :o
  • #6,446
  • Edited 5:09pm Oct 22, 2016 4:54pm | Edited 5:09pm
Quoting FX-Flux
{quote} Yep. My backtests with poor entries still have good results. I advise trying my manual backtester EA over a year of data and see how your results come out.
thank you FX-Flux for the offer. you must be a very good programmer to create something like this.

however I wont be using your EA, because there are so many things I would like to record, even before I enter a trade to see if they have any effect on the outcome of the trade.
to name a few: trend direction, candle formation in new direction, size of signal candle compared to daily ATR to measure momentum, wick size of signal candle, add more than 10-15 pips to signal candle if it is a small size, high or low volatile environment.
after entry: what to do after price action is against our trade, but not stopped out yet; record pips won/lost day1, day2 etc before being stopped out for optimum profit taking in that environment.
could even be better to stand aside for 1-2 weeks when markets act "irrationally" and trade on the hated demo account.

after I collect all these details, hopefully I can come to an optimum for every facet under the prevailing conditions.
not only will I avoid losing trades outright, but the number of consecutive losses - maximum DD - will be cut substantially.
what that means is that even though I enter fewer trades, I can substantially raise my position size per trade and might be at least twice as profitable as the guy with the sloppier entries.
that`s just my guess and I`ll just see what happens
  • #6,447
  • Edited 10:30pm Oct 22, 2016 10:15pm | Edited 10:30pm
Quoting uaehawx
{image}
I try to set like you for GBPCHF.
Attached Image (click to enlarge)
Click to Enlarge Name: D-GBPCHF.png Size: 51 KB

Attached Image (click to enlarge)
Click to Enlarge Name: D-GBPCHF2.png Size: 52 KB
Money Never Sleeps
  • #6,448
  • Oct 22, 2016 11:55pm Oct 22, 2016 11:55pm
Quoting yonnie
{quote} thank you FX-Flux for the offer. you must be a very good programmer to create something like this. however I wont be using your EA, because there are so many things I would like to record, even before I enter a trade to see if they have any effect on the outcome of the trade. to name a few: trend direction, candle formation in new direction, size of signal candle compared to daily ATR to measure momentum, wick size of signal candle, add more than 10-15 pips to signal candle if it is a small size, high or low volatile environment. after entry:...
Agree. Great programming but no EA for me, there are too many other variables I need to see.
The whole point of Bk8 system is that it is SO simple and only requires a few minutes a day, once you are familiar with its nuances.
Part of the fun of trading for me is learning to 'eyeball' the charts, then use simple criteria to quickly decide on a trade.
and as others have mentioned, more is often less. A few 'confident' trades per year with larger pip size can far outweigh numerous little 'maybe' trades.
Patience.
Maybe the wine will help. :-)
More Indicators = Less Profit
  • #6,449
  • Oct 23, 2016 2:52am Oct 23, 2016 2:52am
NZD is sending interesting signals:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_2016-10-23-09-45-58.png Size: 176 KB
Click to Enlarge Name: Screenshot_2016-10-23-09-45-39.png Size: 171 KB
I used to be indecisive but now I'm not so sure...
  • #6,450
  • Oct 23, 2016 2:58am Oct 23, 2016 2:58am
Quoting yonnie
{quote} thank you FX-Flux for the offer. you must be a very good programmer to create something like this. however I wont be using your EA, because there are so many things I would like to record, even before I enter a trade to see if they have any effect on the outcome of the trade. to name a few: trend direction, candle formation in new direction, size of signal candle compared to daily ATR to measure momentum, wick size of signal candle, add more than 10-15 pips to signal candle if it is a small size, high or low volatile environment. after entry:...
Im sure you can add extra indicators to the chart and do all of those measurements yourself. you can certainly add more than 10-15 pips to the candle wicks by using adjusting the horizontal line. I did mention it was manual? it takes no trades on its own. All you have to do is click the resume/pause button and skip each day you don't see a setup. Anyway, its not up to me how people practice their strategy
So many in the Commercial section want to make me rich! :o
  • #6,451
  • Oct 23, 2016 3:12am Oct 23, 2016 3:12am
Quoting Filipo1
NZD is sending interesting signals: {image} {image}

Interesting signal has a name, it is Key Reversal

Attached Image (click to enlarge)
Click to Enlarge Name: Key_Reversal.png Size: 35 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2016-10-23_18-08-10.png Size: 99 KB
It takes a lot for me to IGNORE you, but you can try.
  • #6,452
  • Oct 23, 2016 3:23am Oct 23, 2016 3:23am
Quoting Erebus
{quote} Interesting signal has a name, it is Key Reversal {image} {image}
Yes and now thanks to this fundamental precision we will gain much more pips
I used to be indecisive but now I'm not so sure...
  • #6,453
  • Edited 3:42am Oct 23, 2016 3:30am | Edited 3:42am
Quoting tony-fx
Up to date Download Last Ver 1.1 Fixed bug!!!! EA Run on Daily chart https://www.youtube.com/watch?v=5IrzuRkjx3k Entry Long - When previous D1 bull candle's body has clearly crossed SMA and did not touch BB upper band. Short - When previous D1 bear candle's body has clearly crossed SMA and did not touch BB lower band. *** Order 'll open next bar Stop Loss high(+15 Pips)/low(-15 Pips) of previous candle Take Profit/Exit Exit with TP (You can be setting TP in pips.) Exit with Breakeven (You can be setting BE in pips.) Candle touches/cross...
Hello friend! Your EA looks very good! Thx! But But it is necessary to add functions:
1) Add filter for entry - for buy price up the midline BB, for sell price under midline BB. (true/false)
2) Add optional filter for entery TDI signal. (true/false)
3) Add partial closed: 1st - midline BB closed 1/3 position + add breakeven (optional), 2nd opposite line BB closed 1/2, and 1\3 no TP and closed opposite signal om entery or trallingstop. (true/false)
4) Add traling stop all position standard on the system. (true/false)
My english is not good....
Thx!
Attached Image
  • #6,454
  • Oct 23, 2016 3:58am Oct 23, 2016 3:58am
with this strategy can you trade any pair or the ones thats not much affected by news releases for that particular day...
  • #6,455
  • Oct 23, 2016 7:22am Oct 23, 2016 7:22am
Practice makes perfect



https://m.youtube.com/watch?v=hLLTrQ...m-upload_owner
So many in the Commercial section want to make me rich! :o
  • #6,456
  • Oct 23, 2016 7:40am Oct 23, 2016 7:40am
Quoting DenisK152
{quote} Hello friend! Your EA looks very good! Thx! But But it is necessary to add functions: 1) Add filter for entry - for buy price up the midline BB, for sell price under midline BB. (true/false) 2) Add optional filter for entery TDI signal. (true/false) 3) Add partial closed: 1st - midline BB closed 1/3 position + add breakeven (optional), 2nd opposite line BB closed 1/2, and 1\3 no TP and closed opposite signal om entery or trallingstop. (true/false) 4) Add traling stop all position standard on the system. (true/false) My english is not good.......
Hi DenisK152
Please post TDI arrow
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 1-1.png Size: 14 KB
  • #6,457
  • Oct 23, 2016 8:17am Oct 23, 2016 8:17am
Quoting ahhamidz
{quote} Hi DenisK152 Please post TDI arrow Thanks {image}
Here he is
Attached File(s)
File Type: ex4 TDI_mtf+alerts b600+.ex4   44 KB | 325 downloads
File Type: mq4 TDI_mtf+alerts b600+.mq4   20 KB | 331 downloads
  • #6,458
  • Oct 23, 2016 8:25am Oct 23, 2016 8:25am
Quoting FX-Flux
Practice makes perfect https://m.youtube.com/watch?v=hLLTrQ...m-upload_owner
What is this video supposed to mean?
  • #6,459
  • Oct 23, 2016 8:33am Oct 23, 2016 8:33am
Quoting DenisK152
{quote} Here he is {file} {file}
Thanks . but not Arrow
  • #6,460
  • Oct 23, 2016 8:46am Oct 23, 2016 8:46am
Quoting shimmering
{quote} What is this video supposed to mean?
It is a video of me practicing the strategy over a couple of months using the strategy tester.
So many in the Commercial section want to make me rich! :o
7 traders viewing now