May die trying to get this right... but never give up...

It must be some psychological block I have. Being in debt and trying to scramble out is somehow successful trading. Somehow a successful life.
What has society to done to us?
I could change strategies as I may be inclined to test this and that.

There is ea simulator is attached here.

12/9/16
The 400bb is scrapped.
Working on trading hi lo channel

12/12/17
Forget the visual approach. Forget ALL the indis.. That's not the way to go if you want to actually make money. Price action alone is all that is needed.
It makes so much sense to me now. I have been wondering... I know there is a way to to do this. All these indis and averages and trend this and that...
Forget all of it.


Probability based on price action is the only way to go.
I found this fantastic ea based on price action.
Thank you, who ever you are, this thing is ingenious.

Locker.... ea
https://www.mql5.com/en/code/8679

12/12/16
It is not an either or. The price action fishing ea is semi automatic and can be used very nicely alongside the bb400.

Using very small position sizes and adding on at every signal. (close outside the band.)
Trailing stop at 200 lwma shift 10...

If this is as bad as a bad day gets.
I'll take it.

Thankyou Jiva34!
may ask you to tell how use sma 200 and lwma200 in this strategy?

Hi you're welcome to fiddle with this. I'm trying to zero in on it myself.
It's bollinger band setting. 400 on the 1min. can catch the trend like a charm.

Basically...
a close outside the band means a trade in that direction. stop trails along the 200 sma

I was experimenting with a trail along the 200 lwma...
using graduated position sizing for adding positions at signals in a trend
Now I'm playing with a cross of the 200sma and 200 sma shift20
etc.

it needs an active market...

Good luck...

The GBPUSD is a tricky one.
trying to catch a ride..

That didn't work... this time.
Not going to mess with the pound.
The swings are wild.

5M chart > 200 / 5 = 40
15M chart > 40 / 3 = 13.3
30M chart > 13.3 / 2 = 6.66

5M chart > 400 / 5 = 80
15M chart > 80 / 3 = 26.6
30M chart > 26.6 / 2 = 13.3

I always recommend using a 30M chart to "design" your strategy. Then convert it to the time frame you want to trade. Since the vast majority of traders like to use the 50 and 200 MA's, then a day of 30M candles = 48, and a week = 240. This is close to the values they use. In your case, you are trading the 30M SMA 6.66 when you use 200, and the 30M SMA 13.3 when you use 400. If that is your plan, cool, but if not, hopefully this helps you learn to adjust your settings to match the market. Developing a mathematical relationship between time frames allows you to overlay signals and increase probability.

Personally, I have attempted to trade the 1M chart for many, many years but am still unable to tame it with any consistency. Best of luck with this design.

This is not working.... 400bb..
One thing I notice that is very subtle... If I am too focused on winning it is distraction. Like video game.
By setting fixed tp and stop I am thinking more about actually getting the money.
Not whether the market action closed above this or that.. and feeling successful or unsuccessful about whether "I got it right."
I want to feel successful that I got the money not did I win or lose a game.
It is very subtle. But it is a huge distraction.
Will test the 55 channel on EURUSD day candles.
This could be something very significant that I don;t see discussed anywhere.
Concerning a stop. I would like a stop that trailed according to the closing prices only and only checked to see if it should stop out when the candle closed. That would cut out all the noise and spikes and weird stuff that goes on and getting stopped out of good trend prematurely.
There may be code for that somewhere but I will trail like manually. It's the day candle so not a big problem. Just take a look and mark the stop place on the chart... A catastrophic stop can be set 3 or 3.5 atr. Something like that.
It's easier to see on the line chart... where the candle closes are...

Manually moving the stop at the candle close to the next swing. ... Stay back 35 pips from the swing...

If I had been trading when this move took place. about a 3000 pip move.
I'd be set for life. Can just imagine how some people made tremendous fortunes on this move.
And some lost fortunes..
Wouldn't need too many of these ops in a lifetime. Just one would be stellar.
The open is when the prices close outside the channel
The close is when they cross the channel and close outside the opposite side.
The add ons are limit orders that get filled after a swing and close breakout.
I see now why stops and tps are so inefficient and get taken out prematurely.
It is the chatter and commotions of the daily activity. The static. The only significant price action is the close of the candle.

I understand the sentiment. I want to quit trading so bad because I'm poor and in debt, I guess I'm some what addicted to trying to make it work. Luckily, I'm still using demo so no real money is at risk yet.

Thank you this is great. I do flip between time frames and mark where the significant indicators are. I knew there was a mathematical formula to trace them out. There was an indi coded some time back that would do that.
Yeah the one minute is pretty wild. Am giving it a break again... for a while
Looking at trading a hi lo channel on the day candles. May be 1 or 2 set ups for a single pair in a month, and monitoring several pairs.

I don't have any money either. But I am trading with Oanda. I use mt4 for analysis... With Oanda I can trade 1 unit if I want...Right now I am using are 33 units per position. The mt4 micro is 1000 units. So it is real money but pennies. I find it keeps my attention more focused, even though it figures out to less than a penny a pip sometimes.

Most traders just lose their money... Sometimes all their money. It's just a game. Out and out gambling. So like the Casinos they are paying for the fun and entertainment. The thrills and the chills, so to speak.

I don't want that. I want to get passed that and get the money.

It's only common sense after a big run there will be consolidation.
Profit taking, short covering etc. And bottom pickers come out of the woodwork.
I think that is 50 pip time. Just set tp for 50 pips. Don't look to catch a big run, that just already happened..

bb400+200sma still tells me more about the market conditions than a channel
and trading the 1 min I can take advantage of market times and data.
Adding on is below swing closes only when candle closes at the target.
Staying away from the consolidations is a little easier to see with the bb400

Locker.... ea
https://www.mql5.com/en/code/8679
EURUSD day chart..
8/15 to 11/16

Another ea based solely on price action
https://www.mql5.com/en/code/15957?u...minal+codebase
This is semi automatic. Lots of manual controls.
It is a dream come true in consolidation areas.
When a trend starts it can be easily adjusted from the chart to only trade with the trend.
There is no problem about timing to get into the trend. Early late it doesn't matter.
This could be exactly what I have been looking for.
In combination with the 400bb.
It is pretty much what I have been trying to do manually.
Hedging...

This is great.
I don't place the trades.
The semi automatic ea places them according to step action settings.
I'm set for 25 pips places a trade in the opposite direction.
I can close it whenever I want or I can let a bunch of them long and short accumulate and close for certain amount net gain.
this is wild.
Just have watch margin.
In consolidation this is a dream come true.
In a trend only take trades in the direction of trend once the trend is in place.
Just check in on it every now and then.
Several trades in a day.
I can monitor the movements on the 1 minute with my favorite template.
Really sleek ea... It's a jaguar!!!!

Truly amazing. The semi automatic ea trades exactly as I was trying to trade using bb400.
I'm astonished.