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Monthly Profit - Daily Trading using SMA

  • #7,601
  • Jan 3, 2017 3:52pm Jan 3, 2017 3:52pm
G/A: Short. SL @ -15 Friday's high.

Will place trade once its 15-20 after daily finishes and spread dies down.
  • #7,602
  • Jan 3, 2017 4:17pm Jan 3, 2017 4:17pm
Quoting Bk8
{quote} A/N is still running. Today's Setup Short GBP/JPY (Thanks Mizi!!...wont blame you if it does not go in desired direction Just FYI - I have multiple accounts and I am experimenting so many other strategies, will share if I find anything better than this strategy.
Happy New Year Everyone!!

No setups for me today.
  • #7,603
  • Jan 4, 2017 12:15am Jan 4, 2017 12:15am
Quoting Filipo1
{quote} Hello Bobcat2, coming back on 5,1 linear (on top) vs. 5,0 simple, here is a comparison done on Android MT5 which conveniently allows to have multiple charts on the screen obviously for phablets only. {image}
LWMA vs. SMA 5,0.
Here is a better comparison and I guess I will adopt it as it seems to show cleaner trend indication.
Thanks Bobcat2 for the sugestion.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2017-01-04-07-09-55.png Size: 234 KB
I used to be indecisive but now I'm not so sure...
  • #7,604
  • Jan 4, 2017 12:19am Jan 4, 2017 12:19am
Quoting Filipo1
{quote} Hello Bobcat2, coming back on 5,1 linear (on top) vs. 5,0 simple, here is a comparison done on Android MT5 which conveniently allows to have multiple charts on the screen obviously for phablets only. {image}
Hi Filipo,

Thanks for your post. I am actually live trading your SMA 5.0/5.1 (typical cross) on the EJ H1 chart as we speak...LOL!
I will be experimenting a few different settings and will report back if you would like. So far so good...up 4 pips on a very recent entry. I also use a nonlagdot indicator set @ 20 for further confirmation, but no other indicators.
  • #7,605
  • Jan 4, 2017 12:22am Jan 4, 2017 12:22am
Quoting Filipo1
{quote} LWMA vs. SMA 5,0. Here is a better comparison and I guess I will adopt it as it seems to show cleaner trend indication. Thanks Bobcat2 for the sugestion. {image}
Sorry everyone for the trouble, please disregard my previous post and picture I just realised it was NOT showing the above mentioned moving averages but another pair of them.
I used to be indecisive but now I'm not so sure...
  • #7,606
  • Jan 4, 2017 12:43am Jan 4, 2017 12:43am
Quoting Bobcat2
{quote} Hi Filipo, Thanks for your post. I am actually live trading your SMA 5.0/5.1 (typical cross) on the EJ H1 chart as we speak...LOL! I will be experimenting a few different settings and will report back if you would like. So far so good...up 4 pips on a very recent entry. I also use a nonlagdot indicator set @ 20 for further confirmation, but no other indicators.
Hi Bobcat2, just for reminder Bk8 stresses in post #1 that this strategy is not reliable enough below daily time frame. My experience is that you might have some nice runs in H4/H1 but they are much more volatile and subject to unexpected reversals, particularly if you enter on a counter(daily)trend move.
I used to be indecisive but now I'm not so sure...
  • #7,607
  • Jan 4, 2017 12:51am Jan 4, 2017 12:51am
Yep, I will keep your advice in mind. Others have traded various versions of the price crossing SMA 5, with good results on shorter timeframes. I like what I see with your 5,0/5,1 cross. Thanks for sharing!

Green pips for all!
BC2
  • #7,608
  • Jan 4, 2017 6:01am Jan 4, 2017 6:01am
Quoting Bk8
{quote} Happy New Year Everyone!! No setups for me today.
Happy New Year chief.
May this new year brings lots of Green Pips for everyone in this thread.
Vision2Fly
  • #7,609
  • Jan 4, 2017 7:55am Jan 4, 2017 7:55am
Quoting Enzee
Today's entry signals CADCHF Long EURAUD Short {image} {image}
250 $ for CAD CHF entry !!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 63 KB
  • #7,610
  • Jan 4, 2017 7:58am Jan 4, 2017 7:58am
Quoting Enzee
{quote} 250 $ for CAD CHF entry !!! {image}
EUR AUD closed with 260$ !!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 68 KB
  • #7,611
  • Jan 4, 2017 9:29am Jan 4, 2017 9:29am
Quoting Enzee
{quote} EUR AUD closed with 260$ !!! {image}
Well done, I just entered on retracement
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2017-01-04-16-26-12.png Size: 225 KB
I used to be indecisive but now I'm not so sure...
  • #7,612
  • Jan 4, 2017 12:23pm Jan 4, 2017 12:23pm
Filipo1,

There are many variations to the SMA 5, 0! What settings are you currently favoring? Your most recent post appears to be 5, 0 cross 5, 1 (with typical price or LWMA on both)?

Thanks!
  • #7,613
  • Jan 4, 2017 2:13pm Jan 4, 2017 2:13pm
Quoting Bobcat2
Filipo1, There are many variations to the SMA 5, 0! What settings are you currently favoring? Your most recent post appears to be 5, 0 cross 5, 1 (with typical price or LWMA on both)? Thanks!
Hi Bobcat2, you are right, SMA 5,0 cross 5,1 both with typical price. It is not a tremendous difference but as you can see on charts below it can allow an easier reading in some situations. Typical price on top/left and close price below/right. See how Sep. 16-19 period is showing either a cross or a flat superposition.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_2017-01-04-21-02-48.png Size: 236 KB
Click to Enlarge Name: Screenshot_2017-01-04-21-04-16.png Size: 237 KB
I used to be indecisive but now I'm not so sure...
  • #7,614
  • Jan 4, 2017 2:49pm Jan 4, 2017 2:49pm
here is the simple strategy I use,
sell when bid>EMA 5 price high
buy when bid<EMA 5 price low
in backtest seem really good
  • #7,615
  • Jan 4, 2017 3:00pm Jan 4, 2017 3:00pm
Quoting lazarus86
here is the simple strategy I use, sell when bid>EMA 5 price high buy when bid<EMA 5 price low in backtest seem really good
Hi,

Can you please post some screenshots/examples?
Vision2Fly
  • #7,616
  • Jan 4, 2017 4:30pm Jan 4, 2017 4:30pm
Quoting Harryjobs
{quote} Hi, Can you please post some screenshots/examples?
Today's Setup

Long AUD/USD

Good Luck!
  • #7,617
  • Jan 4, 2017 5:31pm Jan 4, 2017 5:31pm
Quoting lazarus86
here is the simple strategy I use, sell when bid>EMA 5 price high buy when bid<EMA 5 price low in backtest seem really good

Sounds like a good idea if we can avoid the choppy flat market, that's the tricky part because it only becomes obvious after the fact.
  • #7,618
  • Jan 4, 2017 6:50pm Jan 4, 2017 6:50pm
I know BK does not use indicators other than the SMA. I will try this strategy with an added ATR filter. If price is above ATR no short entry, if price is below ART no long entry. It would have filtered a few false breaks of the MA in the highlighted areas. I think this might have solved the flat market problem for me.
Attached Image (click to enlarge)
Click to Enlarge Name: ATR filter.png Size: 86 KB
  • #7,619
  • Jan 4, 2017 11:52pm Jan 4, 2017 11:52pm
Quoting Filipo1
{quote} Hi Bobcat2, you are right, SMA 5,0 cross 5,1 both with typical price. It is not a tremendous difference but as you can see on charts below it can allow an easier reading in some situations. Typical price on top/left and close price below/right. See how Sep. 16-19 period is showing either a cross or a flat superposition. {image} {image}
Excellent example, Filipo1. I will be working with this setup as we help to make progress with the SMA 5. Thanks for your posts...keep 'em coming!
  • #7,620
  • Jan 5, 2017 12:43am Jan 5, 2017 12:43am
Can u please share ur ATR indi. Thanks
Quoting mamabear
I know BK does not use indicators other than the SMA. I will try this strategy with an added ATR filter. If price is above ATR no short entry, if price is below ART no long entry. It would have filtered a few false breaks of the MA in the highlighted areas. I think this might have solved the flat market problem for me.{image}
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