Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Another demo +$1000 if I hadn't of cocked up 1 trade and kept playing live without cheating I'd be up 3k today.
Been losers and been +500s but losers kept in check which is what I'm trying to reinforce.
Changed system to 5sma based leaves me hanging for less time.
Back tested on slow days works but the inner sma's become small compared to the envelope which is fixed pts either side so expands with sma's, 2 options.......
1. Reduce envelope tigher SL, smaller profits.
2. Slow it down, go M5 similar SL similar profits.
Thats another demo +1000 getting silly today, method is strong beyond belief
Yep approved M1 fast flowly markets like today and M5 same settings just change TF.
Price just stalled right on m5 sma 25 high Twice and pulled back Breaking through. Might need to watch m5 chart same time, 25sma high not the same number
M5 kicked ass a lot today 100pt moves ridden easy. Prefer M1 today more trades so more profit.
So sorted, if the market is choppy low volatility then i switch to M5 and play the trend via the 5sma high and low, rather than scratch around making 4pts and 6pts and going insane.
Didn't make a lot of $$$$$'s today, but i did cover a months bills this week so i can chill, and I think I found a great method and learned a lot, next level shit here
Going to get hit by a bus as i think I've cracked this long term always the way. Lol
Been losers and been +500s but losers kept in check which is what I'm trying to reinforce.
Changed system to 5sma based leaves me hanging for less time.
Back tested on slow days works but the inner sma's become small compared to the envelope which is fixed pts either side so expands with sma's, 2 options.......
1. Reduce envelope tigher SL, smaller profits.
2. Slow it down, go M5 similar SL similar profits.
Thats another demo +1000 getting silly today, method is strong beyond belief
Yep approved M1 fast flowly markets like today and M5 same settings just change TF.
Price just stalled right on m5 sma 25 high Twice and pulled back Breaking through. Might need to watch m5 chart same time, 25sma high not the same number
M5 kicked ass a lot today 100pt moves ridden easy. Prefer M1 today more trades so more profit.
So sorted, if the market is choppy low volatility then i switch to M5 and play the trend via the 5sma high and low, rather than scratch around making 4pts and 6pts and going insane.
Didn't make a lot of $$$$$'s today, but i did cover a months bills this week so i can chill, and I think I found a great method and learned a lot, next level shit here
Going to get hit by a bus as i think I've cracked this long term always the way
. LolRight need to do M5 Sim's and Math to make sure valid over the weekend.
I've split my account into 2 seperate MT4 accounts, 1 for M1, 1 for M5 so I can trade both same time and so SL rules will work seperately, trade M1 account, M1 based stop and so on.
Yes at times I'll have both running at once, medium volatility days.
I made 67 demo trades today +$3350 sadly Demo $$$'s, 31 where losers average profit, cause today if it ran it ran is 3x's the average lose! A lot of the losers where playing around testing SL placement and auto movement.
What have I learnt and got to try not to forget...........
1. 5 H And L is rocking badass directional entries with a Envelope 1 side of this value ( smart idea took long enough mind )
2. If you keep your Risks low and let profits run a bit, even a monkey can make a profit.
3. Method works with M5 which will be a lot less stress, waiting for entry the bad part, might have to set a limit at desired entry and see if it fills and reverses or fails obvs.
4. If I trade a breakout, then try to average the range not just run a fixed SL and take the 13pt worst case SL hit then DOOMED and the account will vanish, got lucky for once!!
5. Need to likely stop breakouts and just wait for a direction to join range with, where my SL will work nicely and safely and reduce to reduce risk.
Needs work...........
1. Getting in on too many Trend changes, where if I stopped and thought about it, fairly obvious it would change direction there.
If Performance keeps up and maybe improves a bit then looking at Cars.
Audi A4 2.5 Auto or 3.0Diesel Auto
BMW 3series or 5series 2.5 or 3.0Diesel kinda size Auto, saw a 7 3.0Diesel tempted to go 7.
Want a moderately powerful and sized luxury car that'll just loft everywhere and eat major miles with Auto box for a change, for that not got to change your own gears lack of hassle.
I've split my account into 2 seperate MT4 accounts, 1 for M1, 1 for M5 so I can trade both same time and so SL rules will work seperately, trade M1 account, M1 based stop and so on.
Yes at times I'll have both running at once, medium volatility days.
I made 67 demo trades today +$3350 sadly Demo $$$'s, 31 where losers average profit, cause today if it ran it ran is 3x's the average lose! A lot of the losers where playing around testing SL placement and auto movement.
What have I learnt and got to try not to forget...........
1. 5 H And L is rocking badass directional entries with a Envelope 1 side of this value ( smart idea took long enough mind )
2. If you keep your Risks low and let profits run a bit, even a monkey can make a profit.
3. Method works with M5 which will be a lot less stress, waiting for entry the bad part, might have to set a limit at desired entry and see if it fills and reverses or fails obvs.
4. If I trade a breakout, then try to average the range not just run a fixed SL and take the 13pt worst case SL hit then DOOMED and the account will vanish, got lucky for once!!
5. Need to likely stop breakouts and just wait for a direction to join range with, where my SL will work nicely and safely and reduce to reduce risk.
Needs work...........
1. Getting in on too many Trend changes, where if I stopped and thought about it, fairly obvious it would change direction there.
If Performance keeps up and maybe improves a bit then looking at Cars.
Audi A4 2.5 Auto or 3.0Diesel Auto
BMW 3series or 5series 2.5 or 3.0Diesel kinda size Auto, saw a 7 3.0Diesel tempted to go 7.
Want a moderately powerful and sized luxury car that'll just loft everywhere and eat major miles with Auto box for a change, for that not got to change your own gears lack of hassle.
DAX first not worried about the Spread as it's M5 so 8am GMT to 9pm GMT.
25th May 2020, 8:30am GMT start, plan exactly like M1 but more set a limit and let the Auto SL take care of business and just monitor bit more casually.
5sma based H and L, Envelopes set at 0.09% high and 0.08% low to allow for Ask price.
Turned up, Limit to join 11158, filled, SL Auto 45 Exit 11280 +22 err no +122 oh!! ( SL within 2pts close )
Lets not bet on another up move, waiting for reversal
I'd of shorted 11260 out 75 -15, turned up again.
Long 11272 - SL 55, turned out +5, Flip it!
Short 11278, SL 89, SL hit -10, basesd 11260 area then turned.
Long 11288, SL 74 Stalling out 325 +37, (arse ran to 76 +100)
Short 11360, SL 70 Flat Exit +10 ( saved from SL )
Vol too slow quit, +$1490 on the may, mostly Trade #1 luck mind.
25th May 2020, 8:30am GMT start, plan exactly like M1 but more set a limit and let the Auto SL take care of business and just monitor bit more casually.
5sma based H and L, Envelopes set at 0.09% high and 0.08% low to allow for Ask price.
Turned up, Limit to join 11158, filled, SL Auto 45 Exit 11280 +22 err no +122 oh!!
( SL within 2pts close )Lets not bet on another up move, waiting for reversal
I'd of shorted 11260 out 75 -15, turned up again.
Long 11272 - SL 55, turned out +5, Flip it!
Short 11278, SL 89, SL hit -10, basesd 11260 area then turned.
Long 11288, SL 74 Stalling out 325 +37, (arse ran to 76 +100)
Short 11360, SL 70 Flat Exit +10 ( saved from SL )
Vol too slow quit, +$1490 on the may, mostly Trade #1 luck mind.
26th May 9am start DAX still.
Long 11486, SL 69 SL hit -17
Short 11470 SL 85 - SL to 76 SL hit -6 ( saw +30 didn't take, live ?? )
Short 11468 SL 81, exit prev low +20
Long 11443 after Low SL 38 exit 11500 +47
Small Profit +40ish.
27th May 9am
Long 11577 SL 11568, exit 657 +80 nice.
Not Liking 5sma based to fast for M5 Market, Trying 8sma based!
Long 11486, SL 69 SL hit -17
Short 11470 SL 85 - SL to 76 SL hit -6 ( saw +30 didn't take, live ?? )
Short 11468 SL 81, exit prev low +20
Long 11443 after Low SL 38 exit 11500 +47
Small Profit +40ish.
27th May 9am
Long 11577 SL 11568, exit 657 +80 nice.
Not Liking 5sma based to fast for M5 Market, Trying 8sma based!
Dax 25th May 9am again...
Same
Turned up, Limit to join 11158, filled, SL Auto 45 Exit 11280 +22 err no +122 oh!!
Fails from a quick check, better but 10sma based ??
10sma is better, looks ideal for the plan, same Days M1 plan.
26th on the wrong day I see
Long 11475 SL 63, Exit 95 +20
Short 11485 SL 98, Exit 60 +25
Same
Turned up, Limit to join 11158, filled, SL Auto 45 Exit 11280 +22 err no +122 oh!!
Fails from a quick check, better but
10sma based ??10sma is better, looks ideal for the plan, same Days M1 plan.
26th on the wrong day I see
Long 11475 SL 63, Exit 95 +20
Short 11485 SL 98, Exit 60 +25
Looks like Method locked down, just M1 not getting enough trades on M5 mainly.
5sma HL/2
5sma High
5sma Low
Envelope 5sma High 0.08% Bottom Line colour None
Envelope 5sma Low 0.08% Top Line colour None
As previous, went a tad wider, try to reduce fake SL's and Stress a tad slow it down, widen SL, risk a tad more for less madness maybe. Jump on Direction, either SL out cheap or ride a wave plan kinda or move to the other side. It Varies in width to reflect volatility but never goes crazy like a BB does.
Similar Logic...
12Sma High
12Sma Low
Trade with direction if between the 2 sma's using 5 entry logic, if above only longs and vice versa, near the Low if upward is quite a good entry Long aswell and vice versa.
24th, start training up a blank slate, so need to settle on something by then, 100% on my method / logic, motivational bit of team smeg head, I'm training him up, lending him a tablet and setting up Demo then $1 account to use and he's keeping 100% of the profits, helping the homeless LOL
5sma HL/2
5sma High
5sma Low
Envelope 5sma High 0.08% Bottom Line colour None
Envelope 5sma Low 0.08% Top Line colour None
As previous, went a tad wider, try to reduce fake SL's and Stress a tad slow it down, widen SL, risk a tad more for less madness maybe. Jump on Direction, either SL out cheap or ride a wave plan kinda or move to the other side. It Varies in width to reflect volatility but never goes crazy like a BB does.
Similar Logic...
12Sma High
12Sma Low
Trade with direction if between the 2 sma's using 5 entry logic, if above only longs and vice versa, near the Low if upward is quite a good entry Long aswell and vice versa.
24th, start training up a blank slate, so need to settle on something by then, 100% on my method / logic, motivational bit of team smeg head, I'm training him up, lending him a tablet and setting up Demo then $1 account to use and he's keeping 100% of the profits, helping the homeless LOL
That 12sma High and 12sma Low back tests so well it's unreal, been searching for something to fit the charts like this for years, something that adapt but doesn't get too excited like BB's do.
5 gives me Range / Noise, which adjusts slightly then adds 0.08% ontop of the 5's H - L Range.
I need to drop the Hidden locked SL plan, only cause I need to run some entries under the 12Low, I just need to learn how to behave and not make stupid trades and try to average myself out of it.
So Auto SL, but not following / over riding me!
5 gives me Range / Noise, which adjusts slightly then adds 0.08% ontop of the 5's H - L Range.
I need to drop the Hidden locked SL plan, only cause I need to run some entries under the 12Low, I just need to learn how to behave and not make stupid trades and try to average myself out of it.
So Auto SL, but not following / over riding me!