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Monthly Profit - Daily Trading using SMA

  • #8,061
  • Mar 17, 2017 7:15am Mar 17, 2017 7:15am
Just seen this thread, I will post my results from next week.
  • #8,062
  • Mar 17, 2017 7:51am Mar 17, 2017 7:51am
Quoting brian661
Hi, are there a EA that check if any pairs's cross above/below SMA? Or we just check by ourselves one by one?
I think he has an alert in H1 TF thread.
  • #8,063
  • Mar 17, 2017 5:14pm Mar 17, 2017 5:14pm
Hi Guys,

This is from yesterday trades. I did not open 2 trades as per original rules but i will be trading in demo from monday and then once i am comfortable i will move to live...this is live account screen shot. UJ trade was different strategy i used so that is not the part of this strategy...

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  • #8,064
  • Mar 18, 2017 1:24pm Mar 18, 2017 1:24pm
Quoting frenchy.fx
{quote} Wich moving evarage im using? And what settings?
Hello
Bk8's advice is sma 5
Good luck.
Oddbj.
All the best to all of you. But don't follow me. I am a learner.
  • #8,065
  • Mar 18, 2017 3:19pm Mar 18, 2017 3:19pm
Quoting shg
Hi Guys, This is from yesterday trades. I did not open 2 trades as per original rules but i will be trading in demo from monday and then once i am comfortable i will move to live...this is live account screen shot. UJ trade was different strategy i used so that is not the part of this strategy... {image}
Hi shg -
Are these orders based on bk8's d1 strategy? If so, 1stly it is very encouraging and I better start looking harder for the set ups...
  • #8,066
  • Mar 18, 2017 3:48pm Mar 18, 2017 3:48pm
Quoting Oddbjorg
{quote} Hello Bk8's advice is sma 5 Good luck. Oddbj.
Oddbjorg, how much pips have you gained with this method?
  • #8,067
  • Mar 18, 2017 6:47pm Mar 18, 2017 6:47pm
Quoting ghostman10
{quote} Oddbjorg, how much pips have you gained with this method?
I don't think you should focus on number of pips. Better to ask the monthly profit %
So many in the Commercial section want to make me rich! :o
  • #8,068
  • Mar 18, 2017 7:57pm Mar 18, 2017 7:57pm
Quoting FX-Flux
{quote} I don't think you should focus on number of pips. Better to ask the monthly profit %
Fx flux what are your thoughts about this system? Did you have any success with it?
  • #8,069
  • Mar 18, 2017 8:47pm Mar 18, 2017 8:47pm
Quoting DjPriz
{quote} Fx flux what are your thoughts about this system? Did you have any success with it?
I didn't. i was up 80% and then wiped it all out. I backtested afterwards to see what the issue was and i found that the Risk Reward Ratio has to be just right for it to work. Don't take huge candles as a signal for example.
So many in the Commercial section want to make me rich! :o
  • #8,070
  • Mar 18, 2017 8:51pm Mar 18, 2017 8:51pm
Quoting FX-Flux
{quote} I didn't. i was up 80% and then wiped it all out. I backtested afterwards to see what the issue was and i found that the Risk Reward Ratio has to be just right for it to work. Don't take huge candles as a signal for example.
Hello
I see on the forum some people don't trade mondays and fridays.
In the old dayes here, one person said in his reply, that he didn't trade on mondays.
I don't really have the skill to count that out.
Do you have a meaning on that?
All the best to all of you. But don't follow me. I am a learner.
  • #8,071
  • Mar 18, 2017 9:28pm Mar 18, 2017 9:28pm
Quoting FX-Flux
{quote} I didn't. i was up 80% and then wiped it all out. I backtested afterwards to see what the issue was and i found that the Risk Reward Ratio has to be just right for it to work. Don't take huge candles as a signal for example.
thanks for the feedback
  • #8,072
  • Mar 19, 2017 6:21am Mar 19, 2017 6:21am
nice set up for next week?
EURGBP short
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  • #8,073
  • Mar 19, 2017 10:42am Mar 19, 2017 10:42am
E/J Short?
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  • #8,074
  • Mar 19, 2017 10:55am Mar 19, 2017 10:55am
Quoting RieseP
E/J Short? {image}
I sold on the 15th
So many in the Commercial section want to make me rich! :o
  • #8,075
  • Mar 19, 2017 7:41pm Mar 19, 2017 7:41pm
May be eu long. But I will have it with good sl.
All the best to you this week.
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All the best to all of you. But don't follow me. I am a learner.
  • #8,076
  • Mar 19, 2017 7:58pm Mar 19, 2017 7:58pm
Quoting Oddbjorg
May be eu long. But I will have it with good sl. All the best to you this week. {image}
While I do not think this is a bad trade I do not think it fits in with BK8's rules.

Ie. No daily cross since 3 days ago, touching upper band and candles side by side.

However I have taken the trade earlier today unrelated to this strategy.
  • #8,077
  • Mar 20, 2017 7:16am Mar 20, 2017 7:16am
Quoting PipThePanda
{quote} While I do not think this is a bad trade I do not think it fits in with BK8's rules. Ie. No daily cross since 3 days ago, touching upper band and candles side by side. However I have taken the trade earlier today unrelated to this strategy.
Ups. You are correct.
All the best to all of you. But don't follow me. I am a learner.
  • #8,078
  • Mar 21, 2017 5:29am Mar 21, 2017 5:29am
Any1 take chkjpy? Got hit by SL.
  • #8,079
  • Mar 21, 2017 6:45am Mar 21, 2017 6:45am
Quoting kski
Any1 take chkjpy? Got hit by SL.
Hello
Are you able to send a printscreen.
On my chart it does not look like it
All the best to all of you. But don't follow me. I am a learner.
  • #8,080
  • Mar 21, 2017 7:33am Mar 21, 2017 7:33am
Quoting Oddbjorg
{quote} Hello Are you able to send a printscreen. On my chart it does not look like it
All my cj trades have been wrong. Mid bb seems to have been the resistance. Since TDi also seems to indicate short as also bk8 d1 set up, I thought it would be correct. Was the set up valid yesterday? I am trying to fig out if I am seeing it incorrectly? Any light will help...

Should I have waited for it to cross mid bb, before jumping in?

TIA
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