Simple Daily Trend System - Page 2
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Thread: Simple Daily Trend System

  1. #11
    Quote Originally Posted by ;
    I do not quite understand your system. As I see it's about trading everyday and if you go short or long is defined by provious candle.
    Bull candle - long order now;
    Bear candle - brief order now.

    In this manner I've added up 128pips on eurusd previous month.

    Trading short(as 14sma indies), regardless of what, each and every day with sl:100 without a tp(near order after 24h), I would have finished with a result somewhat greater than 1000pips.

    Maybe I'm Mistaken. If yes, please tell me at which stage.

    Regards,
    dupek.
    Hi dupek,

    Can share your method of trading?

  2. #12
    Hello myfx!

    I did so once, but I found lack of interest. After some time I realised that my way of trading is very profitable but only in trending markets. Then I realised that only sma is enough to conquer my system. Use sma14 and sma21. If both are moving in precisely the exact same way than transaction. No tp. sl=100. Trade daily the same. Close orders following 24h. Actualy, Im going to try this on demo, first.

    But how about Simple Daily Trend System? Where's writer?

  3. #13
    I believe this is a superb system for the following reasons:

    1. Really simple! The easier the better!
    2. Goes with the immediate trend
    3. Allows wiggle room for market sound
    4. Easily backtestable

    What we will need to understand is what to do if neither 200 tp or sl is struck.

    If someone could backtest that we can set its viability quickly.

  4. #14
    Quote Originally Posted by ;
    I think this is a fantastic system for the following reasons:

    1. Very simple! The easier the better!
    2. Goes with the instant trend
    3. Allows wiggle room for market sound
    4. Easily backtestable

    What we will need to understand is what to do if neither 200 tp or sl is struck.

    If someone could backtest this we can establish its viability quickly.
    I'm doing something a bit similar. Im opening place at beginning of new daily with tp and sl and if neither is hit close at the close of the day. Repeat. If someone writes an ea for this just usage - if tp or even sl not hit close at open of candle ( that way you understand the previous candle closed) may wish to avoid sunday candles on applicable brokers.

    Just my thoughts

  5. #15
    Personally, I find the best pairs to be eurusd, usdjpy, gpbusd, usdchf...

    Walt

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