podberry: see post 12

Simple Sma-based strategy

so far Smilee seems to do better: 10% losses against your 25% (24 losses out of 94 trades). early days yet, but something to keep your eye on podberry.

Simple Sma-based strategy

the very best system I`ve seen on the net for this type of trading is from DonQijote/mstefa: fxtrade.oanda.com/community/forex-forum/topic/15006264/?page=10 you also have to know when to change direction or look for another pair, because after all ...

Cinderella

hi all, the rule is: when the bar closes below the sma`s, enter on the open of the next candle. in pipsclip example, a bar closed below the orange 300SMA only when it went on to pierce the 400sma. so all 4 trades should have been stopped out for a ...

Simple Sma-based strategy

thank you podberry the biggest challenge might be: where do we take profit. did some backtesting on the 15m and the maximum profits on 1st entries were: 49-27-51-21-17-35-25-17-37. so where would be your TP?

Simple Sma-based strategy

hi podberry, you don't have a 30sma on your chart to count 10-11 bars above/below it?

Simple Sma-based strategy

whatfx, smilee said to place the SL for all 4 entries below the 400SMA, so no close of previous entries. if price gets to 400SMA and you enter your 4th entry, you`re looking at a big drawdown from the 1st, 2nd and 3rd entry. when you enter your 4th ...

Simple Sma-based strategy

thank you Smilee for your reply..........I get the general reasoning now concerning TP`s. could you give me a general idea for the TP of the first trade for a DAILY system? x times daily ATR for instance? ofcourse the MA`s need to be different for ...

Simple Sma-based strategy

sorry smilee, I still cant see a relationship between entries and TP`s. so every entry has a different TP: 4th entry, exit @ 300 MA (coincidence?), 3rd entry, exit somewhere between 200MA and 30MA - why there? 2nd entry, exit on 30MA (coincidence?) ...

Simple Sma-based strategy

TP`s changing according to distance between SMA`s. would be nice if you show a chart with 4 entries and show me where you get out according to the distance between the sma`s. sorry am a slow learner.

Simple Sma-based strategy

smilee, yes, the profit will be very good if the 2nd, 3rd and 4th entry are stopped out at the first entry. but you never know if that will be the case. so after the 4th entry, you will be glued to the screen to see where price will go as you have ...

Simple Sma-based strategy

has anybody thought about New Zealand? if you trade long-term forex, you`re profits will be tax free. if you trade short term, you could open an opposite trade to lock in your profits and delete the orders in say 6-12 months. no capital gains tax at ...

Which countries are tax free for forex trading?

suppose I have metatrader running for the trailing stop. if the connection fails but comes back on later, will the trailing stop catch up?

Manual Trading on MT4 - Do I need a VPS?

will follow with interest however you will reach a DD of 12-15% without stop losses very soon. good luck.

Cinderella

I don't use any indicators apart from a 50 daily sma moving average to see a change in trend quickly when I go through the charts. I add to my position on confirmed pull backs with 3 DATR trailing stop and sometimes try to add at extreme prices with ...

The Certified Zen System

hi ZenTrader, I `m concentrating on A/N for the last few months, which has a beautiful down trend. my position just stopped out on Monday with that spike for a nice profit and sold again @ 1.1478 and have a 3 ATR trailing stop. like your style and ...

The Certified Zen System

Xandi, you are using 1-2-4-8-16 sequence now instead of 1-1-2-4-8, so your total position will grow a lot faster. what is the reason you changed to the new sequence?

Xandi mysterious Pyramid

I backtested Aug 1-6 with shinewel`s system, but you get too many danglers like most grid systems. in a large trend, the drawdown could be enormous.

Profitable Grid Break-out Trading System(PGBTS)

shinewel, thank you for your response..........I learn faster not from spread sheets, but how I outlined your system. on spread sheets I cant see what date and time you opened your orders, re-new orders etc. and I would not know what to do after you ...

Profitable Grid Break-out Trading System(PGBTS)

hi shinewel, sorry but I don't understand how you do it. could you explain it to me step by step how you do it? so price is now 1.3047 - my sell limits are @ 1.3087, 1.3187, 1.3287 etc - my buy limits are @ 1.3017, 1.2917, 1.2817 etc. my sell stops ...

Profitable Grid Break-out Trading System(PGBTS)