stevewalker - Manual Trading

   Alligaturk posted:
   Rule1 :
optimism patience discipline

Rule2: Money management.

rule3: never have fear greed

Steve, is that you? 😱

not me.

   Chikot posted:
   

   Alligaturk posted:
   Rule1 :
optimism patience discipline

Rule2: Money management.

rule3: never have fear greed

Steve, is that you? 😱

a very short summery.
overall it is correct.
the issue is 'devil is in details'😇

   Alligaturk posted:
   Rule1 :
optimism patience discipline

Rule2: Money management.

rule3: never have fear greed

if trading with pepper razor account, trade with min 0.02 lot.
when trading with 0.01 lot it rounds up the comission from 7,53 to 8,00.

fyi.
walker

when trades hold open very long, there is always a poss of reverse fast movement. today we had on many pairs corolated with EU.

read this.

if trader trade with time based charts trader should close trades at a certaion time which will be defined by the average position hold time from his trade history.

if trader trade with range based charts( renko charts - range bar charts ) trader should close trades at a certaion level which will be defined by the average position MFE MAE values from his trade history.

if trader trade with tick based charts trader should close trades at a certaion tick which will be defined by the average position tick values from his trade history.

walker

Important

if you are trading with Robots

DO NEVER RUN ROBOT WITH VARIABLE SPREAD.
RUN YOUR ROBOT WITH FIX SPREAD ALL TIME, THAT BACK TESTED WITH MEAN SPREAD.

VARIABLE SPREAD IS A BIG TRAP TO FAIL ROBOTS.

ESPECIALLY SCALPERS!!

fyi

walker

I am working on a very simple system that can work with any time frame and any chart any ınstrument.

I use 3 different MA to determine the patterns. cross is not the key. key is the waves.

I use MA to determine waves. eyeballed on many currencies and seems to be working.
it is not possible to code it.

the idea is the faster MA waves over slover MA. very simple.
basicly this is the nature of the price action before moves.

hope I can make it work.

walker

Steve, I was reading one guy at Oanda. He back tested 2 ema's against 3 and told 2 ema's show better results.

thanks for the input.
this is only faster wave over slower wave. thats all. if it runs ok I will post the scrrenshots here.
the good thing is determining stop is very easy.

last support/resistance + 2 pips. for all time frames. you can set +5 pip for daily chart.

I had checked commodities stocks currucies. it is always doing the same thing. is it %100 ofcourse not. the action does not mean that will move further. if it can win the war buyers/sellers it will or fail.


on the other hand,
today I was thinking, like on friday afternoon, HOW PRİCE STARTS TO MOVE ONE DİRECTİON WITH ALL MOMENTUM AND STRENGTH? FX market is very deep!

market players are not dating on FaceBook and make a deal to move price one direction.

how this happens. If we can understand the logic then we can react according to that.

   Chikot posted:
   Steve, I was reading one guy at Oanda. He back tested 2 ema's against 3 and told 2 ema's show better results.

I had a chance to code the MA pattern system. but should used 4.5 pip Range Bars to get patterns more clear for coding.

this has 10 pip Tp and 18 pip Sl. 1/1.8 R/R ratio which is verg good for an EA

attached there is 2 charts

above is 10 pip range bar but with variable according to the market condition
below 10 pip fix range bar

see how it filters the unneccesery movements

at last I learned 'Sit and Wait'

now I am working on a system based on US Open Hours combined with patterns.

when I checked the history E/U 1 Hr mainly price is coiled around the US Open hours due to high liquidity and high impact news.

to day I had strat trading with 1 Hr chart based on system.

will post the results.

pattern trading still goes on smaller time frames.

walker

this is mainly 1 trade a day, using last 3 days US Open levels as support and resistance + price action + patterns.

entry

exit +30 pip

stevewalker posted:

Quite hard to understand your charts without an explanation 😄

Are those support/resistance levels? Do you draw it manually or is it an indicator?

still working on it.

lets see if its work.

Horizatal Blue lines are Support and resistance. one line for both.

todays long entry