thread: Strategy to take safe pips every day

92791

Paradoxically, a nice one:

In my past examples I entered right at the rest of a sign candle not at the rest of prior into the sign candle. I know it smth against the principles of the machine as JohnyForex already explained but this is the way I see it lol. . Your second bearish candle didn't touch 10 ema so as for me it's ok to enter at the rest of it and it may be a winner. I'm not trying to make a winner from the loser, it's just how I understood the principles from the beginning in a bit different way

well there are lots of ways to skin a plus I have several slight variations on the rules myself, Your way gives you a better entrance and tighter stop but awaiting the breakout is safer I believe. Look at some chart history and you'll see quite a couple of set ups that dont breakout. Im sure your win/loss ratio won't be as good.

Well done pointing out the pivot resistence on s failed commerce article. There were a few very good reasons not to take that commerce and also the central pivot in the way was evident to anybody using pivot points ( highly suggested!) A quick look for additional support/resistence in the method of the goal is a great idea. You could decrease your goal or take defensive strategies or merely avoid the trade When there is support or resistence in the manner in which. I took what I believed to be a trade but once it failed I noticed I entered brief right over the term uptrend line and price bounced on it into the pip - I couldnt have chosen a point that was worse to go short! As for my gold trade well, what the hell was I trading gold for anyhow! lol

I discovered that ema 6 and ema 50 is good for assessing if the signal is more secure...

I found out that ema 6 and ema 50 is excellent for checking if the signal is more secure...

but assess both...

Your system is way tooo simple!! Forex isn´t simple bro.

Lame comment...

First there is a difference between SIMPLE and Simple.

This egy is SIMPLE, that does not mean it's simple!

Many egies are easy but with them isn't easy...

Hi toto,

In what way do you use the 6EMA and 50EMA?

Are you using it in the same manner since the 10/20... for trend direction and not trading in the event the 6EMA is touched (such as the 10EMA being touched)?

... or are you using the 6 and 50 EMA's for something different?

Thanks, Johnny.

Lame comment...

First there is a difference between SIMPLE and Simple.

This egy is straightforward, that does not mean it is simple!

Most egies are simple but with them isn't easy...

its definetly harder than it looks, this aussie trade simply just made it by the skin of its teeth and the pound trade failed despite a reduced goal to avoid having to break the fundamental pivot. It's likely to lose and have a streak of consecutive losers like any other system.

Occasionally if theres is a lengthy candle from the direction u better stay out of the market

thats my method to perform

So making Doug's most recent post an incorrectly set up trade?

I believe Doug was correct...

I just completed manually backtesting this egy on GBP/USD and my results don't fit totos' success. Obviously Toto is utilizing discretion to depart and that's based on experience that we don't have. I targeted an equal price movement, not such as spread, from entrance as my stop to increase the amount of winners. I got a 2:1 win loss ratio or about 70% success rate. Adding in the three pip spread means you're risking 6 pips more than you'll win on any given trade and that certainly cuts into yields. There were 65 trade opportunities in 7 trading times and it ended 144 pips in front earning 2.2 pips each trade on average. When it continued to achieve this and has been autotraded to ch every movement you'll get 20 pips per day. Having an average risk of 18 pips per trade, it makes this still the most profitable method I have ever seen. Looks like a few more rules are required to match Toto's success however. We need to hear further from the writer as to exactly how he attained 139 trades with only 1 loss with a mechanical system because that result is a mystery to me. Failing that, I'm more than happy to persevere with the improvement of this technique

backtest results GBP/USD 5 minute chart 13/11/07 - 21/11 07

trades 65
win 44
lose 20
average win 11.5
average loss 18
total pips from wins 504
total pips from losses 360
total pips 144
profit factor 1.4

The Thing - your entrance technique actually appeared to work well and I am looking at this and other ideas in consultation with johnnyforex to Find an earlier entrance and Enhance the risk/reward per transaction

I found out that ema 6 and ema 50 is excellent for checking if the sign is more secure...

Hi TOTO4444 im just a begginer (GBP/JPY), what the indiors that I can use?
Thanks...