GBPCHF is showing an uptick (interbankFX) on today's candle. As this is a sunday candle (usually very flat and not overly reflective of the market) I will not be entering a position. If tomorrow shows a continuation uptick I will enter at close of ...

Trend Smasher - Profitable Mechanical Long Term Position Trading

Template cleaned up! — Ok - I would like to apologize for the previous messy templates that were included in the archive. In my defense, they were nice & clean at one point, but I redid my computer a couple of weeks ago. In doing so I copied ...

Trend Smasher - Profitable Mechanical Long Term Position Trading

I would also like to add - I am not sure if the volume would be indicative of their demo or their live servers. If demo then I can't see it being very accurate. Should still be good enough to get the hang of the system tho... D.

Trend Smasher - Profitable Mechanical Long Term Position Trading

Hi ET, The only pairs I have looked at are the ones in the template - you will have to do a backtest to find valid settings for entries & take profit levels on other pairs. And yes, the MFI will vary depending upon your broker. If you are using a ...

Trend Smasher - Profitable Mechanical Long Term Position Trading

My charts are based off of EST (eastern / New York time). If yours are different, you will still get entries & exits, they will just differ timing-wise. I would suggest you take a good luck at the history.. Also, in regards to your chart looking ...

Trend Smasher - Profitable Mechanical Long Term Position Trading

I don't trade news and mainly aim for long-term (position) trading. IBFX suits me fine! No complaints here...

Your experience with 'InterbankFX'

It looks like we will be up for entries a lot sooner than expected. Both GBPJPY & GBPCHF have entered the entry-zone. Now we just wait for an uptick which should occur in at least one of them next week. The others should follow suit shortly after... ...

Trend Smasher - Profitable Mechanical Long Term Position Trading

Hi Threeticks, As I posted above, the protection of your capital should be a part of your system & money management. Once you have a working system the rest is psychological which is what I was referring to. So many new traders try out a new system ...

Now I know why 95% of traders are on losing side

I think you misunderstand the point of my post. A workable system will play it's part in the mechanics of minimizing & handling losing trades. There is no such thing, however, as a system that will show 100% winning trades. What I am referring to is ...

Now I know why 95% of traders are on losing side

Regardless of whether the 95% figure is correct, it is pretty obvious that most want-to-be traders do fail. Why is this? There is a wealth of information on sites such as this - all a person has to do is spend enough time researching here and they ...

Now I know why 95% of traders are on losing side

I really don't track Fundamentals ilcapocamorr. What I have noticed (in backtesting) is that first off, you will notice a reduction in entry times - you may go for an extended period of time without an entry. If you find yourself tightening your ...

Trend Smasher - Profitable Mechanical Long Term Position Trading

Ahh shoot; I thought I re-did those templates lol. The momentum and/or any other indicator is unnecessary to be honest as is the 5ma. I was playing with a few different indicators to see how they would fine-tune the draw-down periods. They did not ...

Trend Smasher - Profitable Mechanical Long Term Position Trading

This is the closest indicator that I have found... Hope it helps!

Automatic Trend Line

Hi David, Yes, I understand what you are saying, however, the volume in question will be the broker's actual volume, not the entire market's (and not a 'simulation' per se). With this in mind, a large broker should give volume that is based on the ...

Trend Smasher - Profitable Mechanical Long Term Position Trading

Hi Drayco, I did very well to be honest - cashed in a few thousand pips in total. Also, the system wasn't designed to worry about minimum distance between add-ons. I just split my total acceptable risk into 3 positions. You will actually get in on ...

Trend Smasher - Profitable Mechanical Long Term Position Trading

Alcastro: That's great to hear!! Some nice breakouts lately in the wee hours (to me). Wish I could partake... And yes, that is me at the Toronto Meetup site. I do not reside in Ontario anymore, however, so do not peruse the site much any more. ...

Trend Smasher - Profitable Mechanical Long Term Position Trading

This is the system in a nutshell. It is not complex, but I feel that I have not explained it maybe as well as I could have . If you have any questions please let me know either here, or via PM. Alternately I can be reached through Skype under the ...

Trend Smasher - Profitable Mechanical Long Term Position Trading

Anti-Hedge — As with all systems, you WILL experience losses! With this in mind, the system as I use it incorporates the Anti-Hedge strategy as per Jacko's thread here. In a nutshell, when you are stopped out take note of that price (I put a ...

Trend Smasher - Profitable Mechanical Long Term Position Trading

Entry & Exit — First off, you have to understand that we will only be trading in the direction of the overall trend! Take a look at the weekly & monthly charts of each pair. You will notice that each pair has been in an extended trend ...

Trend Smasher - Profitable Mechanical Long Term Position Trading

Setup — Setup Trend Smasher was designed specifically for trading five pairs; AUDUSD, CHFJPY, EURAUD, GBPCHF and GBPJPY. The heart of the system is the Money Flow Index (MFI) indicator, the settings of which have been specifically tweaked for ...

Trend Smasher - Profitable Mechanical Long Term Position Trading