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Monthly Profit - Daily Trading using SMA

  • #7,441
  • Dec 16, 2016 2:14am Dec 16, 2016 2:14am
Quoting cesar8
How about this operation, has good characteristics. The last candle left a big wick behind. {image}
Hi Cesar8, not so good in fact if you consider the previous days forming a sideways price action.
I used to be indecisive but now I'm not so sure...
  • #7,442
  • Dec 16, 2016 7:41am Dec 16, 2016 7:41am
Hi cesar8...could you post your template and indicators...tnx...
  • #7,443
  • Dec 16, 2016 9:30am Dec 16, 2016 9:30am
Hi everyone, just a quick view on the weekly AUDUSD.

https://www.tradingview.com/x/MOuUgFQ6/

Happy trading.
I used to be indecisive but now I'm not so sure...
  • #7,444
  • Dec 16, 2016 11:11am Dec 16, 2016 11:11am
Quoting Filipo1
Hi everyone, just a quick view on the weekly AUDUSD. https://www.tradingview.com/x/MOuUgFQ6/ Happy trading.
Good observation!
Itīs worth a try
  • #7,445
  • Dec 16, 2016 11:53am Dec 16, 2016 11:53am
Just to give confidence to all the subscribers for BK8, I am attaching pictures for the position I took during the week most of them are giving at least 100 $ profit with 0.1 trade size. for one pair I wasn't able to get my pending order triggered but price moved in the favor. Another one I was positive but wasn't able to put a stop loss when it was positive. Overall all the pointed positions are in profit. Thanks to BK8 for the thread to educate traders....
Attached Images
  • #7,446
  • Dec 16, 2016 5:27pm Dec 16, 2016 5:27pm
My weekly equity

Attached Image (click to enlarge)
Click to Enlarge Name: equity.png Size: 7 KB
  • #7,447
  • Dec 17, 2016 5:50am Dec 17, 2016 5:50am
Quoting ErikH
My weekly equity {image}
Hi Erik did your trades in these statistic are all opened based on BK8 method thanx
  • #7,448
  • Dec 17, 2016 4:19pm Dec 17, 2016 4:19pm
What about longer statistics?
I would like to know if this method is profitable for long term.
Does somebody do it since a couple of months?
The best would be a account report on myfxbook.
  • #7,449
  • Dec 17, 2016 5:08pm Dec 17, 2016 5:08pm
Quoting ricki72
What about longer statistics? I would like to know if this method is profitable for long term. Does somebody do it since a couple of months? The best would be a account report on myfxbook.
dont waste time,one month you make profit then market change and boom you lose it,and then again win and lose and time go .....
only Bk8 can make consistant profit
  • #7,450
  • Edited 10:59pm Dec 17, 2016 10:44pm | Edited 10:59pm
I have updated #1

Everyone can make consistent profit now

  1. Long - SMA line should in upward direction
  2. Short - SMA line should be in downward direction
  3. Ignore Flat SMA

  • #7,451
  • Dec 17, 2016 10:50pm Dec 17, 2016 10:50pm
Quoting Bk8
I have updated #1 Everyone can make consistent profit now Long - SMA line should in upward direction Short - SMA line should be downward direction Ignore Flat SMA
Thank you.
All the best to all of you. But don't follow me. I am a learner.
  • #7,452
  • Dec 18, 2016 3:08am Dec 18, 2016 3:08am
Quoting Bk8
I have updated #1 Everyone can make consistent profit now Long - SMA line should in upward direction Short - SMA line should be in downward direction Ignore Flat SMA
Dear bk8,

Thank you for your effort to help us (retail trader)
Let Market Tell You
  • #7,453
  • Dec 18, 2016 3:49am Dec 18, 2016 3:49am
Quoting Bk8
I have updated #1 Everyone can make consistent profit now Long - SMA line should in upward direction Short - SMA line should be in downward direction Ignore Flat SMA

Excellent, we get a step closer to our goal now.

Many thanks for your efforts and support.
I used to be indecisive but now I'm not so sure...
  • #7,454
  • Dec 18, 2016 4:06am Dec 18, 2016 4:06am
Quoting wma5612
{quote} HI, What is your SMA setting? My chart does not show crossing as of now still. Maybe you have different candle closing time or different setting.
Yes I think I use different time closing. Mine is +3 GMT.
  • #7,455
  • Dec 18, 2016 4:59am Dec 18, 2016 4:59am
Quoting cesar8
How about this operation, has good characteristics. The last candle left a big wick behind. {image}
Good day.Can I have your template?
  • #7,456
  • Dec 18, 2016 5:00am Dec 18, 2016 5:00am
Quoting mizi123
{quote} Hi Erik did your trades in these statistic are all opened based on BK8 method thanx
Hi mizi123, actually I cant' remember. I think one or two trades at the start of the week had been on a different operativity.
I must add that I don't take every signal blindly; I still make a little analysys on PA and MM before taking a trade.
  • #7,457
  • Dec 18, 2016 5:00am Dec 18, 2016 5:00am
My result for this week using this method..
Attached Image


Thanks Bk8
By tomorrow, I think I will post also my trades.
  • #7,458
  • Dec 18, 2016 1:22pm Dec 18, 2016 1:22pm
I wrote a very primitive and cursory EA based on BK8's strategy and backtested it from Jan 1 thru May 31, 2016, to avoid the roller-coaster effects of Brexit and US Elections. The backtest was done on EU and the results were, to my surprise, very positive.
The EA contains additional code for ADX/DI filtering, which was ignored, but can be re-activated just by deleting 4 hard-coded lines for buy/sell conditions. See comments in the code for details. I have a feeling that down the road, someone might suggest to use ADX/DI to confirm trend.
The EA doesn't distinguish a sloping SMA-5 (because I don't know how to program it).
The EA was for MT5. MT5 can be downloaded for free from MQL5.com
Even with all the handicaps, the backtest showed a profitable strategy.
If anybody here has the time and skill to improve this EA, please share your results.
(Also, even though the EA can be used to trade live, please DON'T. Never a good idea to play with fire)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 107 KB
Attached File(s)
File Type: mq5 BK8_D1_EA_Backtest.mq5   12 KB | 342 downloads
  • #7,459
  • Dec 18, 2016 4:07pm Dec 18, 2016 4:07pm
Hi traders my eyes are turned on these 3 pairs for these week even BK8 have the last word here NZD/JPY, EUR/NZD, AUD/JPY green pips to you all
  • #7,460
  • Dec 18, 2016 4:28pm Dec 18, 2016 4:28pm
Sell AUD/JPY or NZD/JPY (Choose One pair)
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