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The Simplest Forex Strategy

Sir. Williams (wilfredoaa)
Mar 18 2011 at 05:44
82 posts

Alanfx1 posted:
    
wilfredoaa posted:
    Guys and Gals,

I am testing out a simple forex strategy. I need your help testing it.

I created a web page to explain it.

https://ewilfredo.com/simplestrategy.html

Check it out and try it and let me know how you did.
Give me some feedback on weakness or strengths you see.

Is a manual system based on Eur/Usd H4.

Trade at least 10 trades and let me know how many pips you won and how many pips you loose.
Please try it out on Demo accounts. Don't trade it with real money.




Hi Sir Williams,
Very nice your system.
I truly believe that you can improve it using some concepts of the following book:
Forex Wave Theory by James L. Bickford
In the Chapter 9 - Swing Charts, you will see how you are a smart guy.
Best regards.

Tradingboy


Thank you,

I will check on it.

Grace is the greatest thing ever!
Sir. Williams (wilfredoaa)
Mar 18 2011 at 05:47
82 posts
i am trying a new experiment... following the concept of Zig Zag..
Is been hard work.. and i dunno if the hard work will pay off.

Here is the latest experiment:
https://www.myfxbook.com/members/wilfredoaa/mabilis/94730

Grace is the greatest thing ever!
Sir. Williams (wilfredoaa)
Mar 30 2011 at 02:50
82 posts
i keep missing people chatting on my website.. make sure you hit me up on skype: wilfredoaa.. or send me an email through myfxbook

Grace is the greatest thing ever!
Subkhan Puji Laksono (masbeken)
Mar 31 2011 at 02:15
5 posts
Sir, I try to attach your indicator in my chart. But I'm using it on my own scalping strategy. Hope it works. Thanks anyway :)

Invest your time before invest your money.
Sir. Williams (wilfredoaa)
Mar 31 2011 at 18:17
82 posts
Hey Subkhan...

I have a full develop EA using this strategy.. at this moment.. I am trying to make it produce money.. but in forex ... is a tough thing to do for everybody. I have a group chat in skype. That I communicate with 24/7. Is easier to update info and make very good friendships.

If you want to be in this group.. let me know.. and I will tell you the details.

Do you have skype?

Grace is the greatest thing ever!
Sir. Williams (wilfredoaa)
Mar 31 2011 at 18:22
82 posts
You know Subkhan..

Is interesting you mention scalping.. I am currently scalping 1 minute charts with the Zig zag.
I use to think it was too fast but, zooming out has help me slow the speed of it
and the zig zag aids me..

i am at this point where I can see when price is growing.. I call it trending
and when price is ranging.. I try to fade it by selling tops and buying bottoms
all this at 1 minute charts.

Grace is the greatest thing ever!
Subkhan Puji Laksono (masbeken)
Apr 01 2011 at 00:46
5 posts

wilfredoaa posted:
    You know Subkhan..

Is interesting you mention scalping.. I am currently scalping 1 minute charts with the Zig zag.
I use to think it was too fast but, zooming out has help me slow the speed of it
and the zig zag aids me..

i am at this point where I can see when price is growing.. I call it trending
and when price is ranging.. I try to fade it by selling tops and buying bottoms
all this at 1 minute charts.



wow, scalping in M1 chart? can't imagine how fast in US market... I use scalping at 3am until 7am Jakarta time GMT+7 (if I'm not wrong, it is 3pm-7pm EST. The market is really slow. I take 1-10 pips, but 3-5 pips average. It is really profitable using IndraFXs template. With zig zag, actually it much easier. I thought I got your idea, it is very interesting to place buy stop/sell stop orders in one minute chart. :) (I don't know how to describe it in English 😁 )

Anyway, I've added your skype Sir. Sorry 'bout my bad English. 😳

Invest your time before invest your money.
Sir. Williams (wilfredoaa)
Apr 05 2011 at 16:52
82 posts
thx Subkhan. If you zoom in on price on the 1 minute chart price becomes to fast and most of the time this action is not that many pips. But if you zoom out the chart the slower price becomes.

Grace is the greatest thing ever!
Sir. Williams (wilfredoaa)
Apr 25 2011 at 03:47
82 posts
K. The zig zag based on this strategy.. is now open to the public. You are welcome to try it on demos..
https://ewilfredo.com/file

Follow me on skype: wilfredoaa

Grace is the greatest thing ever!
ctleong
ctleong
Aug 14 2011 at 16:45
3 posts
Sir Williams,

I came across an indicator called Heiken-Ashi chart which calculates the trend momentum and improves the results of the candlesticks. The candlestick chart does look clearer and maybe can help us to pin point the highs and lows more accurately. Have you try it before?

Sir. Williams (wilfredoaa)
Aug 17 2011 at 10:29
82 posts
Yes I have. I think most indicators can be helpful in one point or another to help you determine price action direction. I have been trading for years now (3+) and one of the things i notice is price has its own nature. It is very hard to predict and most indicators lag. I like the Zig Zag strategy a lot and I've been trying it ever since I started this thread. It hasn't been easy and through trials and errors and do to a believe that this indicator works.. I have been able to stick with it. Now it starting to pay off and it has launch me to what I think is the second level of my trading career.

When I started trading with different methods.. my trading never got hire than 30% a month. I win some and then lost it again. Now I feel more confident and I am having better success.

I competed last month on myfxbook fxcm trading contest and I did 29th place finishing with about 80%.

https://www.myfxbook.com/members/wilfredoaa/contest-wilfredoaa/126152

After the contest was over I started another demo account and I am very close to doing 50% a little past half of the month is over.

https://www.myfxbook.com/members/wilfredoaa/zig-zag/143235

So my advise is if you really believe in an indicator stick with it. It paid off for me.

Grace is the greatest thing ever!
autoforex1
Aug 19 2011 at 05:44
1 posts
I came across an indicator called Heiken-Ashi chart which calculates the trend momentum and improves the results of the candlesticks. The candlestick chart does look clearer and maybe can help us to pin point the highs and lows more accurately. Have you try it before?

Sir. Williams (wilfredoaa)
Aug 19 2011 at 09:06
82 posts
Yeah. Two things you need to keep in mind.. Ranges and Trends. Because of these two things is really impossible to get the hi and low of movements plus if you add time frames to the mix of the equation it gets crazy. I try a lot of indicators even the Heiken-Ashi but now I just restrain myself to only using zig zag because is become more clearer for me to use. Remember rather than finding out which indicator gives the best entry or exit ask yourself what is a solution to a ranging market and what is a solution for a trending market. I believe this is key and zig zag can help you educate you about it.


Grace is the greatest thing ever!
Sir. Williams (wilfredoaa)
Aug 23 2011 at 08:05
82 posts
Guys and Gals, check out my current demo account discusion https://www.myfxbook.com/community/trading-systems/zig-zag/152510,1

Grace is the greatest thing ever!
bobowang
Aug 23 2011 at 08:19
16 posts
amazing results!

only one question: will the zigzag indicator repaint the last line which is already drawn? if so, how to handle it?
and Williams, the trading records look like that your system is already changed? not in 4h timeframe? to 15m? and the enter/exit rules are still the same?

Sir. Williams (wilfredoaa)
Aug 24 2011 at 05:56
82 posts
the system evolved.. and now the zig zag doesn't repaint unless is n m1 length 1 for example.... if price is pushing then it might.. but is doesn't normally do it.

Grace is the greatest thing ever!
Sir. Williams (wilfredoaa)
Aug 24 2011 at 06:52
82 posts
Guys if you have facebook don't forget to add me as a friend.. https://facebook.com/tradersforex

Grace is the greatest thing ever!
trader (spring)
Aug 25 2011 at 14:36
17 posts
could you explain your evolved system?

Valuable investment make you richer
Sir. Williams (wilfredoaa)
Sep 04 2011 at 22:47
82 posts
I am learning new things about the indicator..

Follow me on twitter to get free signals https://twitter.com/uforextrader

Risk Disclaimer

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This is for educational purposes only.

Grace is the greatest thing ever!
Sir. Williams (wilfredoaa)
Sep 06 2011 at 20:38
82 posts
I love locking profits and the best way to do it is trailing on profit.. I use 25 pips. If move is valid it should go up in pips.. but if not I still exist with a small profit.

Grace is the greatest thing ever!
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