If this is what you understand from my post, all I can say is "no further comment". Please try to see the forest, not the trees. Regards, Blackeagle

Monthly Profit - Daily Trading using SMA

Please check your BB settings. Regards, Blackeagle

Monthly Profit - Daily Trading using SMA

This is so true. Because the strategy itself is discretionary. Do you see anywhere in the rules for exits " This week is horrible so lets not add more risk. And exit first position while we are in profit" (No offense). Even if the strategy is ...

Monthly Profit - Daily Trading using SMA

Good one. I am not trading this strategy, but a similar one on Daily and I am using +/- 25 pips buffer for entries to see Higher High / Lower Low on daily bar (to see if momentum is on my side) which helps me to filter many false trades. But it is a ...

Monthly Profit - Daily Trading using SMA

1- There has been changes but Post #1 is updated. 2- No, SMA 5 Shift 0 3- Yes, default. Regards, Blackeagle

Monthly Profit - Daily Trading using SMA

Why do you trigger TP at just 15 points while your stoploss is much wider, of course if you are following the strategy rules? Regards, Blackeagle.

Monthly Profit - Daily Trading using SMA

Totally agree with you. The results are impressive and thanking him for sharing his strategy. Just brought the pip count issue up to be on the same page with everyone to fix a minor mistake. That's all. Regards, Blackeagle

Monthly Profit - Daily Trading using SMA

It is a different concept as you are involving money. I am just talking about pip count without using trade size and risk. Just the pip count for two equal positions. Regards, Blackeagle

Monthly Profit - Daily Trading using SMA

You know what, you don't agree with me but you are exactly telling me the same thing in a different way. If you do pip count for each unit separately, then you should do it the same thing for gains and losses. In your example, if your profit is ...

Monthly Profit - Daily Trading using SMA

Agree that performance should be based on standard units and pip count does not change when you talk about units, because we are NOT talking about dollars. So you are trading 2 units, therefore whenever you do pip count for measuring performance, ...

Monthly Profit - Daily Trading using SMA

Very good question. You have two options. You can either wait for stoploss hit for your long position and neglect the short signal or assume that the reason you opened the position have been negated (you opened the position since the candle crossed ...

Monthly Profit - Daily Trading using SMA

You mentioned first and second positions if at least one of them was positive. Since EURJPY and AUDCHF both positions have been stopped out, you should multiply the total pip count by 2. If you are trading 10 lots and count positive pips for each ...

Monthly Profit - Daily Trading using SMA

You need to multiply these by 2 as you are trading 2 positions. Regards Blackeagle

Monthly Profit - Daily Trading using SMA

1- Your SL will be 15 pips below of the signal candle (last green bar on your chart). 2- Wait until your SL is hit if trade is negative. That's one option to give trade room. If the day closes negative but not stopped out, you have several options. ...

Monthly Profit - Daily Trading using SMA

Completely agree. Who said trading is easy? Regards, Blackeagle

Monthly Profit - Daily Trading using SMA

That's fine. Then you need to define trend for your strategy. Shum's approach could be one. This way, you'll have less trades, maybe a better winning ratio but again what matters the most is how to manage your trade. Because as I said earlier, this ...

Monthly Profit - Daily Trading using SMA

Agree, when people start having losing trades, they immediately start questioning the strategy, because they don't own it, they have not tested it properly and long enough to build trust in the strategy. I've been trading a similar strategy for a ...

Monthly Profit - Daily Trading using SMA

First check Weekly chart. If price is below SMA 5 on weekly, then you look for short trades only on daily. Regards, Blackeagle

Monthly Profit - Daily Trading using SMA

What you suggest is another way of trading, but the essence of this strategy is to find the reversal swing high/lows, it has nothing to do with trend for entries. Your recommendation is retracement trading in trend direction. Regards, Blackeagle

Monthly Profit - Daily Trading using SMA

NZDJPY - Long Regards, Blackeagle

Monthly Profit - Daily Trading using SMA