How I trade 8 currencies and their combinations and make $$$ each week!

MarchFX said:
I took a break of almost 3 months to adjust my strategy...
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Cool!!!

I hope your strategy turns out to be valid and reliable. I'm always anxious to see people making genuine progress in this space because most contributors seem inclined to limit their posts to primarily negative comments, and when they do offer tips or helpful hints, they're almost never specific or detailed enough to be of much practical value..:thumbsup:
 
Date: 4th June 2021

At 11.00, I came across this set up (GBPCAD pair)
upload_2021-6-4_12-54-56.png


As you can see, price makes higher low and one of the oscillators makes lower low. It may appear like this is an underlying strength but my EA, the algorithmic trading I use, tells me this is one of those trades I should avoid.

upload_2021-6-4_12-55-21.png


Sometimes it is better to avoid those trades I am not 100% sure of the outcome. I will post an update of what the outcome would have been had I embraced this opportunity based on the outcome from my demo account.

Update on GBPCAD: I could have earned about 34 pips from this trade as seen below:
upload_2021-6-4_12-56-58.png
 
expiated said:
Cool!!!

I hope your strategy turns out to be valid and reliable. I'm always anxious to see people making genuine progress in this space because most contributors seem inclined to limit their posts to primarily negative comments, and when they do offer tips or helpful hints, they're almost never specific or detailed enough to be of much practical value
More...

@expiated you helped me make some adjustments. I owe you a lot of gratitude. The truth is that I have not been making a lot of money from forex. Rather, I had invested a lot of time and money to develop an EA and sharing my signals here enabled me to test its performance in away and get important ideas from other traders(you were the only trader that helped me).
So right now, I am posting signals based on what I get from the EA. I invite all members to review my signals. Any positive input and trading ideas would be helpful to me. I had taken a break of 6 months from my normal work to work on this product. I have about 3 months remaining before I stop sharing signals on this thread. So let us interact!
 
MarchFX said:
@expiated you helped me make some adjustments. I owe you a lot of gratitude. The truth is that I have not been making a lot of money from forex. Rather, I had invested a lot of time and money to develop an EA and sharing my signals here enabled me to test its performance in away and get important ideas from other traders(you were the only trader that helped me).
So right now, I am posting signals based on what I get from the EA. I invite all members to review my signals. Any positive input and trading ideas would be helpful to me. I had taken a break of 6 months from my normal work to work on this product. I have about 3 months remaining before I stop sharing signals on this thread. So let us interact!
More...


you need to be consistent ;
are you trying to teach (your title said you are profitable every week)
or are you trying to learn?

and when people gave you comments, you don't even bother to read or seek clarification (see my posting #56 in your thread).

I suggest you start a new thread without implying that you are profitable every week.
 
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Point taken @maxinger , I will start a new thread this Sunday. Also I read your comments. The reason why i focus on the 8 currencies is that they are more stable that lets say zar, nok, Turkish lira, mexican peso, or sek. At that time, when you posted #56, I had been testing my EA for 14 months and determined that it produces poor results because of the volatility and instability of these currencies even during low impact news. Therefore, I have been focusing on EUR,USD,GBP,CHF,JPY, AUD, NZD, and CAD because of their relative stability.
Right now, my focus is not to test the EA but to produce results. Thanks for posting.
 
maxinger said:
focusing on only just 8 currencies, macd, RVI, EMI wouldn't help much to be profitable.
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I "liked" maxinger's entry about being clear on whether you are trying to teach or trying to learn because I too was confused in this regard. However, I read maxinger's other post as well, and I have to wonder if a flat statement that focusing on just 8 currencies would not help much to be profitable might not be too broad of a declaration. I think it might be true from some individuals, and not true for others, depending on the system one is using.

With the system I use, I focus exclusively on 14 pairs, and I am able to generate a profit virtually every single day. So, perhaps you might reach your goal to make money with just 8 pairs (or perhaps not). Good luck, either way!.:thumbsup:
 
If one has a working strategy or trying to develop one, I would advice that they ignore this threat. trying to learn several strategies at once drains a lot of energy and can distract a trader.

I am considering scalping EURUSD (SELL), stop loss at 1.17472, I have to get my entry point right,

upload_2021-8-24_11-53-4.png
 
eurusd cancelled, the best entry point was 1.1741 in order to maximize profit and minimize loss, price failed to reach that point.
 
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