sorry, this is complete rubbish, i personally know many trades and even floor managers in hedge funds and nearly all of them use sma's in their trading, nearly all use trend and price action too... Relying purely on the indicators for sure is gonna ...

Price Action and Trading Discussion

people naturally want a high win/loss ratio, and believe it is required to make money from forex... some proper money management with 50% win loss is a near as damn it the holy grail... but people dont give trading TIME and they don't keep data of ...

The life of a trading system on Forex Factory

Ok, well just over 50% win loss isn't bad then, question is could you filter those trades to swing another 2 out of 10 in your favour? then you've got the holy grail... sit back and count the money..

Buy sell line trading

eu h4 took this set up on friday, nice retrace on the up trend to a level, then two pin bars, the second being the inside bar... Traded back to the top of the range for a nice 2/1 win

Simple trend trading strategy development

oh god yeah... that sort of intense data would be golden... let me know when you're done There's is data on the price action only (engulfing bars) tested over 20,000 instances, including how many reversed price, how many went to 1/1, how many ...

Buy sell line trading

By Data I mean, the results from a period of time where you have been trading the system... i.e the last 3 months that I have traded this system, my win loss ratio is x amount, my risk to reward is x amount, and I risked x amount on every trade.. ...

The life of a trading system on Forex Factory

I had a long chat last night with my former "mentor" about this thread, I was concerned that some people in the group were not having great results, closing good trades early or missing really good set ups altogether. We came to the conclusion that ...

Buy sell line trading

great post Reputake, you're clearly getting it... with regards looking at charts with set-ups on, I totally agree, and I stand by the method I outlined earlier to recap the week looking at every trade, checking results, what trades exceeded 1/1, ...

Buy sell line trading

You're right FX... you need to learn to read the trend with your eyes... And although I can't comment on the trades taken in this test the win rate was still 50% and above... Totally mechanical systems do exist, but these funds and banks have a ...

Buy sell line trading

Did you do this by eye or with a machine? Did you take trades when already in a trade on the same pair? Was any allowance made for trend? flat ma?

Buy sell line trading

well done Scott, I got similar results on Alpari... with regards TP here's a webinar that explains why we must get at least 1/1 and try and let the runners go url

Buy sell line trading

I think what is meant, or at least should be.. by saying you have an edge is that you have the data on your system that proves it... Say your win loss is 55% your profit targets are 1/1 risk to reward, you risk 2% of your account balance on every ...

The life of a trading system on Forex Factory

well it's H4 so in effect we have 4 hours for the signal candle to trigger...."it must trigger the next candle though.." The reason we say this is, the h4 engulf will usually be a break out of S/R so its very likely it will retrace to the s/r then ...

Buy sell line trading

Hi Tim... sorry I wasn't too clear, as long as the close of the signal candle is above the 50sma then it is fine to take it..

Buy sell line trading

GU H4

Buy sell line trading

url for trading and Alpari uk for demo

Buy sell line trading

trade the chart youre on, doesnt make any difference over time... stick to h4!! good luck

Buy sell line trading

yep H4 trading certainly improves your patience..!!

Buy sell line trading

Yen H4 paying big today.... anybody get them???

Buy sell line trading

yes you should wait for the wick to be broken on the very next candle, or you risk a double bottom/double top... So the signal candle you are only concerned with the body engulfing, but the entry must then exceed the HIGH or LOW of the signal candle ...

Buy sell line trading