best strategies?
is there are profitable technical strategy that works across all pairs?
what in your opinion is the best strategy throughout all market conditions to run?
Forum on trading, automated trading systems and testing trading strategies
How to Start with Metatrader 5
Sergey Golubev, 2013.09.20 08:21
Summaries :
====
- How to Start with MT5, a summary !
- ASCTREND SYSTEM summary (incl 2 good EAs)
- BRAINTRADING SYSTEM HowTo
- PriceChannel Parabolic system (incl 2 versions of the EA)
- Market Condition Evaluation (2 EAs were
created)
Try to trade industry wise it will give you very good accuracy as well as good for stock selection
Why are you giving advise on strategy when it was only about a week ago that you were asking for help because you were unable to make profit?
Why are you giving advise on strategy when it was only about a week ago that you were asking for help because you were unable to make profit?
The sole purpose of the account is to drive visitors to the website.
I’m looking for a profitable strategy guys. That means good RR. Good win %. Rule based on technicals. Is there such a thing. Anybody willing to share with a fellow trader. Or only promoters here?
As to profitable strategy suggestions so you should select it by yourself because it is your risk to use it (it is not our risk, it should be your
risk) and your money will be involved in it.
Go to the Market, Signals and CodeBase
and select anything accouding to your personal criteria for example.
----------------
Signal service
- Automatic Selection of Promising Signals - the article
- The Easy Way to Evaluate a Signal: Trading Activity, Drawdown/Load and
MFE/MAE Distribution Charts
- How to Subscribe to Trading Signals
- Tips for Selecting a Trading Signal to Subscribe.
Step-By-Step Guide
- How to conduct a qualitative analysis of trading signals
and select the best of them
The Market
I’m looking for a profitable strategy guys. That means good RR. Good win %. Rule based on technicals. Is there such a thing. Anybody willing to share with a fellow trader. Or only promoters here?
I think this is a fair question ,just that there wont be many high quality answers. This is because the forex market is very random and sometimes has samples of patterns, but they do not last. So many people form trading systems based on the behavior of price in sample and then lose money out of sample.
This does not necessarily mean no system exists, just that they must be tested and many will be disproven. Those that are proven we should be careful about.
Systems can be discovered in code base and market and signals. We could try to infer what a good EA is doing if it is not explained. Another idea is to check sites like etoro for popular traders that have mostly green months and try to infer what they are doing.
I usually start with one or 2 indicators as filters for entry and then buy when correct thresholds are reached. These settings can be changed in EA input settings. I also use some form of scaling such as add 0.01 lots on loss or scale 2x or 1.5x or less on loss.
To be direct about a profitable technical analysis strategy that I recently inferred from another EA video I saw, I built an EA and it seems to be fairly profitable on USDJPY 4Hr.
The rules are:
Firstly start with an envelope. I use envelope MA50 and deviation 1.0
if price (bar 2 or 2nd newest bar) close is below the lower band AND price bar 1 or newest closed bar closed above the lower envelope, then set bool Can_Trade=true.
Now the EA is enabled to buy. I used SL 50 and TP200.
if the EA loses scale up by 0.01 lots.
until EA wins then Can_Trade =false.
If you trade manually then basically you can buy when the previous bar closes above the lower envelope band when the previous price 2nd newest closed bar was below the lower envelope band.
Do you have any good systems to discuss?
I think this is a fair question ,just that there wont be many high quality answers. This is because the forex market is very random and sometimes has samples of patterns, but they do not last. So many people form trading systems based on the behavior of price in sample and then lose money out of sample.
This does not necessarily mean no system exists, just that they must be tested and many will be disproven. Those that are proven we should be careful about.
Systems can be discovered in code base and market and signals. We could try to infer what a good EA is doing if it is not explained. Another idea is to check sites like etoro for popular traders that have mostly green months and try to infer what they are doing.
I usually start with one or 2 indicators as filters for entry and then buy when correct thresholds are reached. These settings can be changed in EA input settings. I also use some form of scaling such as add 0.01 lots on loss or scale 2x or 1.5x or less on loss.
To be direct about a profitable technical analysis strategy that I recently inferred from another EA video I saw, I built an EA and it seems to be fairly profitable on USDJPY 4Hr.
The rules are:
Firstly start with an envelope. I use envelope MA50 and deviation 1.0
if price (bar 2 or 2nd newest bar) close is below the lower band AND price bar 1 or newest closed bar closed above the lower envelope, then set bool Can_Trade=true.
Now the EA is enabled to buy. I used SL 50 and TP200.
if the EA loses scale up by 0.01 lots.
until EA wins then Can_Trade =false.
If you trade manually then basically you can buy when the previous bar closes above the lower envelope band when the previous price 2nd newest closed bar was below the lower envelope band.
Do you have any good systems to discuss?
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is there are profitable technical strategy that works across all pairs?
what in your opinion is the best strategy throughout all market conditions to run?