Candle Waves
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Thread: Candle Waves

  1. #1
    Is there anybody who trades waves of candle color?
    Maybe with a single, state 8-10 period moving average?
    Too simple?
    I'm new so please forgive the simple question my pals!

    Many thanks and Great trading!
    Wannabe

  2. #2
    Quote Originally Posted by ;
    plot a 50 ema on a four hours chart enter long in the first candle that opens over 50 ema and go short in the first candle that opens below 50 ema and tell me what u believe
    I believe positive pips

  3. #3
    I typically look at 5 minutes. candles. Four hours of price action is 48 candles? I will plot a 50 period moving average of my 5 minute candles and seem in a window of 48 candles. Is that right? Do you ever use a briefer (e.g. 10 interval ) moving average to exit? Or, another method?

    Many Thanks, Mina!

    FXS

  4. #4
    Quote Originally Posted by ;
    plot a 50 ema on a 4 hours chart enter long at the first candle that opens over 50 ema and go short at the first candle that opens below 50 ema and tell me what u Believe
    Hi Mina,
    Thats all, Will you shares more ideas and samples please...

    happy trading

    Abdel

  5. #5
    There are hundreds and hundreds of systems and methods on the market, and it is not hard to produce one.

    1. Look at a chart on a huge time interval
    2. Notice patterns or how indiors occur to change the price.
    3. Write down definitive rules for entry and exit, TO THE LETTER!
    4. You get a new buddy. His name is F12. Return in MT4 and begin trading your system like it were actual moment. Use F12 to advance 1 pub at a time.
    5. Write down any trades you'd have obtained in a spreadsheet, with time closed, price opened and shut, stop loss, take profit, etc.,.
    6. Do this for a large sample (I do at least a year for daily, 3 weeks for 4H)
    7. Is your thought still great?
    8. If it is, Congratulations! Now exchange your system for all the data available to you, and see whether that idea is applicable to only 1 pair or all (the latter is better )
    9. Is your thought still great?
    10. If so! Presently demo your system for 6 weeks to learn the effect you've got on your system (emotions, drawdowns, the like)
    11. Is your thought still great?
    12. If so, Congratulations! You are ready for a Mini or Micro account.

    If you follow this procedure all the way through, you'll be a very good trader and prepared for live trading. I have done this procedure at least 12 times. Just a few have made it into the demonion phase, but they are quite good ideas that will eventually make it to reside trading, if I keep it and improving.

    The challenge is not that many people neglect one of these steps, we all do! The issue is that most people don't have the drive and discipline to begin with a new thought.

    Sorry for the long post, however, my main concern is that you don't require anyone to give you a egy. It's possible to develop a great system on your own. Can you?

    I wish you the best in trading,
    andersenw

  6. #6
    Thanks so much for the outline on program development!



    FXS

  7. #7
    Plot a 50 ema onto a four hours chart enter long in the first candle that opens over 50 ema and go short at the first candle that opens under 50 ema and let me know what u believe

  8. #8
    Sorry to dissappoint you but I dnt use this I just wanted to say yes it's possible with good cash managemnent and more time frames even the simplest system can work for you
    and fx surfer 5min is a graveyard for new traders too much time consuming, small profits along with your tight sl will get hit more often than you think

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