Plan The Trade/ Trade The Plan | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Plan the Trade / Trade the plan 74 replies

Plan the Trade and Trade the Plan: Swing Trading the Euro 5 replies

My backtest - optimisation - trade plan 0 replies

A realistic trade plan 6 replies

my trade plan for next week 47 replies

Attachments: Plan The Trade/ Trade The Plan
Exit Attachments

Plan The Trade/ Trade The Plan

  • Poll

  • What makes you follow a signal ?
  •  
  •  
  •  
  •  
  •  
  •  
  • #1
  • First Post: Nov 28, 2016 9:32am Nov 28, 2016 9:32am
Have you ever felt the need to trade but had no plan to trade ?

Have you open a trade without thinking it in advance, not knowing what risk ratio you should take ?
Have you traded based on where market seems to want to go just to see it coming back and biting you ?
Ratios, fibs, ma's , renko, stoch, support/resistance, news trading, 1000 custom indicators and all hail repainting ones ?
Have you tried the legendary holy grail just to see it failing soon after starting, or the 20 indicators system that makes you pc crawl to death ?
How about the martingale that is so beautiful but deceptive?
Have you focused only on few pairs, tried to learn how they move until they changed their behavior ?


If you find yourself in the above lines, you may want to tune in for more news and possible a solution for your problems.



PR.
  • #2
  • Nov 30, 2016 3:31am Nov 30, 2016 3:31am
Sometime about two years ago i started a project.
This is the result of it.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 65 KB


Trading requires patience, motivation, understanding and sacrifices.
First, when the idea came to me to use this system, it was a basic idea about how i want my trades to be executed. Soon after starting to work on the project i realized that i do not have the knowledge to complete it so i went back to basics, looked for specifics in market and the more i read, the more interesting it became.
The project suffered a 6 months delay but got launched 1.5 years ago and has been in testing until this month, November 2016 growing the little account i put there close to 275% in 16 months.
More updates will be posted soon with verifiable link to the picture above.
  • #3
  • Dec 2, 2016 2:58am Dec 2, 2016 2:58am
If you are here for 90% - 95% or 100% winning ratio than i invite you to leave.
Trading involves risk, there isn't anyone who gets that high percentage of winning unless their risk reward is screwed up.
If you are looking for profit every month than keep looking! Even the biggest traders have months of loss but at the end they are in profit.
The link.
https://www.myfxbook.com/portfolio/power-rangers/1331526

This is the trading background showing 16 months of testing.
If you study it closely you will see that work has been done in order to improve the winning and reduce the drawdown.
40% DD for 275% profit. Is it worth it ?
In my book, yes.
I have optimized it and in last 8 months the DD has been much lower, i have improved a bit the winning ratio and the percentage return per month has been stable.
In November 2016 i considered that the project has ended and proceeded to apply the final product on a live account.
The final product has been working on a live account in the past 3 months and the signal has been made available to public starting 1st of December 2016.

Stay tuned for link to mql5 and more updates.
  • #4
  • Last Post: Dec 4, 2016 4:43pm Dec 4, 2016 4:43pm
Here we go.
https://www.mql5.com/en/signals/241950

December to June the price won't be changed.
Expecting a weekly 3.5 to 5.5%.

About the system.
Not much that can be shared publicly but... The open orders is based on 2 indicators, it is not using a normal grid but rather a market range (period) bars where distance between orders is calculated based on current range and the take profit also changes based on current range.
Why range period/bars ?
On news impact the range increases therefore no new trades open until it drops to average/normal calculated individually for each pair.
On news impact the tp is calculated based on current range + expectation of continuation of the trend therefore it will stay in profit and trail the order rather than closing at a specific range or set tp.
This is the best available method to close profit trades and it works 24/7 even if trading conditions change such as weak activity because one of the currency has Bank Holiday.

Enjoy and stay tuned for daily/weekly updates.
0 traders viewing now