Once a day trade

[Vsanjuan]

Hello, guys! Lately I have made up a egy and that I now am trying to develop it to gain most profit available. The fact is I would really appreciate some piece of information, some help, to be frank. Here is the egy.
I utilize euro\usd and:
Heikin i 4-hour,
BT1 two clones 4-hour,
Fibo lines, adding 11.8%, 76.4percent lines, plus all of them projected forward (that's after 0 line extends -11.8, -23.6 and so forth) in 1 hour chart.
Every evening, closer to 19:00 GMT, I put fib lines on chart, using day's top . Then I look at 15:00 (GMT) candle.
If all indiors reveal up move, I BUY in the opening of this 19:00 candle.
TP is going to be the 3d top fib line, counting from 19:00 open.
SL - I quantify the amount of factors from 19:00 open to the 2d following fib line. Then I measure the exact same amount of points downwards, from 19:00 open, and put SL in the fib line. It is difficult to comprehend this manner, so I will attach a picture a bit afterwards.
SELL is all the same. Indiors must show down move. TP - the fib line from 19:00 open. SL - count upward.
I will post pics and explain all this again. It'll be easier. I wait for the critics (constructive), questions and suggestions. Thank you.

[mmomenok]

Hello, guys! Recently I've made up a egy and I now am attempting to create it to obtain most profit accessible. The truth is I would really appreciate some piece of information, some help, to be frank. Here's the egy.
I utilize euro\usd and:
Heikin i 4-hour,
BT1 two clones 4-hour,
Fibo lines, including 11.8%, 76.4percent lines, plus all them projected forward (that is after 0 line goes -11.8, -23.6 etc ) in 1 hour chart.
Every day, closer to 19:00 GMT, I put fib lines chart, with day's top . I then look at 15:00 (GMT) candle.
If all indiors reveal upward movement, I BUY in the opening of this 19:00 candle.
TP will be the 3d upper fib line, counting from 19:00 open.
SL - I quantify the number of factors from 19:00 open into the 2d following fib line. I then measure the exact same number of points downwards, from 19:00 open, and put SL in the farthest fib line. It's difficult to understand this way, so I will attach a picture a bit later.
SELL is all the same. Indiors should show down movement. TP - the 3d fib lineup from 19:00 open. SL - depend upwards.
I will post pics and explain all this again. It'll be simpler. So I wait to the critics (constructive), suggestions and questions. Thank you beforehand.
Just how many pairs are you planning to exchange with this technique?

Lot sizing and leverage info also?

If you could answer those two questions it might assist with providing some comments.

[Vsanjuan]

Now's trade as an example.
Heikin is up. One BT is up and you is down. I have 2 indiors showing upwards, so that I buy at the 19:00 open. It's 1.3227.

Take Profit order is put at -11.8% fib line (1.3245). It's the third fib line should you count fron 19:00 open. (line 11.8% is your first, zero line is the next ).

Stop reduction is at 38.2% fib line. It's 1.3216. This is how I compute it: the space from open to the second fib line ( 0%) equals= 9 pips. I put 9 pips downwards and place SL at the furthest fib line, which is 38.2%

I close my laptop and go to sleep. The results will be shown by day. Great night for others for decent day and a few.

[Vsanjuan]

My point in creating this method would be to be able to exchange in the evening. Set and leave it. And SL potential, as I mean to spend 500$, that is a small amount of money.

[mmomenok]

That is like pulling teeth.

Alright $500 got that one. Now another question - How many pairs are you going to be trading at once... 1,2,3,4,5, etc..

[Vsanjuan]

1 pair, eur\usd. I don't want to go broke first week.
I haven't got sufficient time just yet to back test this method on additional pairs. Now I can think that gbp is too volatile. But I have ta look at it initially. Likely some slow pairs will probably perform great.

[mmomenok]

Just 1 pair, eur\usd. I don't wish to go broke.
I haven't got sufficient time just yet to again test this approach on other pairs. Today I can feel that gbp is too volatile. But I have ta look at it. Likely some slow pairs will probably do good. Ok, thanks. I am taking a look at EUR/USD now. As soon as I looked in the pick it seemed obvious that it wasn't a good entry point. . At least for today. Look at how tired the trend looks. It will likely retract and take your stop. But first things first.

1. I would not put on trades any larger than .50 to get a 200:1 on this particular system.
2. The entries need to be thought a bit more... I do not think you need those indiors - that they aren't helping

Let us think about what you're trying to achieve this (one trade per day) and see how we can improve on it.

Incidentally I am a ruski also,

MM

[mmomenok]

Watch Chart on why now was likely not the most suitable choice for this particular set up.
https://www.nigeriaforextrading.com/attachments/1527451138.jpg

[Vsanjuan]

Yesterday wasn't a winning afternoon https://www.nigeriaforextrading.com/attachments/1527451139.jpg.
As for indiors and their helplessness, I haven't seen better yet (or I don't recognize the potential of those that I watched ), as these show what I need: global trend management.
Perhaps, I should've told the initial idea first. I thought to find out chief direction and ch small splashes. As it appeared to me, asian session is quite silent and I can use this to get better price. Fib lines are micro sup\res lines.
If trend continues, I will get a little it. If it needs to reverse, brokers or god-knows who often make spikes, likely to ch orders. So my trade will be within this abrupt movement.
MM (comarade https://www.nigeriaforextrading.com/attachments/1527451139.jpg, what you think? What indiors can be more useful here, to your mind?

Thanks for participating.

[mmomenok]

Yesterday was not a winning day https://www.nigeriaforextrading.com/attachments/1527451139.jpg.
As for indiors and their helplessness, I haven't seen better yet (or I don't realize the capacity of those that I watched ), because these show what I want: global trend direction.
Maybe, I should have told the initial idea first. I thought to find out chief management and ch modest splashes. As it seemed to me, asian session is quite silent and I will use this to get better price. Fib lines are sup \ res lines that are micro.
If trend continues, I'll get a little it. If it wants to undo, brokers or god-knows who often make spikes, probably to ch orders. So my commerce will be inside this sudden movement.
MM (comarade https://www.nigeriaforextrading.com/attachments/1527451139.jpg, what you believe? What indiors could be more useful here, to your thoughts?

Thanks for participating. Ok, I will tell that you're wed to all those indiors... and thats fine - you can use them. Consider adding an 8,3,3, Stoch into the 4HR chart when placing your transaction at 19:00 hours. As you can tell by the pic that was attached - that the pair was overbought. Additionally, to make sure you have daily trading chances attach the indiors to each of pairs, and then select the one you feel has the best setup for the day.

Don't forget - no longer than.5 mini lot per 1 transaction per 1 day.

MM
https://www.nigeriaforextrading.com/attachments/1527451139.jpg

[Vsanjuan]

Fantastic evening.
I had a quick glance at stoch, though with different configurations. It didn't suit me at trending times it's overloaded and that I cant say if it's trending or overbought\sold. I hope u understand me. I'll take a better look at 8-3-3.
You know, as I wrote here, I started to doubt my setups. Maybe that's plogical. I want to be certain 100% that my trade's gonna be a winner. At the moment I got 8 windows available with various heaps of indiors, seeking something helpful.
In my view the difficulty of these entries, as mineis they're happening somewhere in the middle or even the end of a move. Maybe I want to check at Daily charts to capture a larger image?
1 march was a 30 trade, Sell 1.3196, TP=1.3166
two march was not. -19pips. Sell 1.3210, SL=1.3191
Now Sold 1.3098. Although I feel uneasy, sensing a retrace. Well, we'll see.

[mmomenok]

Fantastic luck to you, let me know if you need any more comments... I'll be floating about.

[Hemoleo]

I want to understand the best MA to use with GBP\USD in 15min

[Vsanjuan]

Hello again to anybody who had a moment to fall in.
Thank you, MM, for great dre. Hope to hear your opinions. Please come by anytime.
Of course 5 March commerce was a reduction. My sense of retrace was suitable. At the time I was looking at some new things, which likely will be useful in future. I now am backtesting it and sure thing will post the results here, if positive and helpful.
Approximately 6 March. My BT1 revealed down, BT2 revealed up and HA was red. So I needed to SELL, according to my original plan. BUT (and here you may anticipate something contradictive) my new developments told me to BUY, which I did and was suitable.
This is not a good thing to change something established and that I hate to do this (it is called curve fitting and as I know many people stick into constant development and improvement and new reseaches because of which they never begin TRADING in any way!) . Anyway, I needed to find something to prevent false signals from slow trend indiors, which maintain pointing down whenever the price is half way up.
Then I'm also overlooking Heiken i and understand now it may give more signals or indiions than just change of color.
About exits and entries. Initially, I just wanted mechanical points, so to say. Set and forget, without looking. Now I'm going to be more wise (and discretional also ) as to exits (I will leave entrances alone just yet).
Oh,well. Great plans, expect to realize all of them.

Stochastic 8,3,3 - it was overbought on the 6,9,13 feb - but this sign was wrong. I really don't believe I could rely on it now. Perhaps when I get a sense of it afterwards...

AMGODI, hi! Really you shouldn't be trying to find the best MA for cable. I doubt it is. But if you find one, please share the understanding, ok?

Now enter BUY 1.3183. There are a few factors standing in the way (like overbought state and resistence) and that I probably should have purchased at about 3167. But I'm in the commerce already, so we'll see.

Have fine transactions,

Dima

[alvamgeflak]

I thought u might post your indiors. . .plsss

[Vsanjuan]

This goes.
BT is quite good. They don't repaint.
MTF BT are for setting, say, four-hour data on one-hour chart or 30 moment.
Heiken i is normal.

Enjoy!
https://www.nigeriaforextrading.com/attachments/1527451148405687325.zip
https://www.nigeriaforextrading.com/attachments/15274511511649561707.zip

[Vsanjuan]

Here are the images of today.
https://www.nigeriaforextrading.com/attachments/15274511462106613343.zip