I will make 100 % every month

Discussion in 'Journals' started by Sergeev S, Apr 22, 2023.

  1. easymon1

    easymon1

    Based on the linked Babypips article, do you see any possible entry trigger there?
     
    #81     May 2, 2023
  2. Sergeev S

    Sergeev S

    Yes. I do.
    There are 3 enters in your picture( chart). Every enter was after the price returned to the average value (red moving average). If I went in, I will go in after the price go up. Stop loss under the minimum of the moving average. So it turns out to go with a small stop and a very large profit becouse it is trend. I add picture ( chart) in this comment with points enters
     
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    #82     May 2, 2023
  3. easymon1

    easymon1

    Sounds reasonable.
    Hey, here's a guy with a quick 3 minute vid about a method that includes an exit trigger.
    Your Mileage May Vary. Do Your Stats.

    Trading the T-line, Stephen Bigalow
    https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-15#post-5162295
     
    #83     May 2, 2023
    Sergeev S likes this.
  4. DeMurph

    DeMurph

    makes sense now. where did you educate? is it experience?
     
    #84     May 6, 2023
  5. Sergeev S

    Sergeev S

    Hello. I didn't study trading. I think, that simple logic is working in the market. But maybe i am wrong, becouse now my account has loss
     
    #85     May 6, 2023
  6. Sekiyo

    Sekiyo

    If you want to trade based on moving average then check out Stan Weinstein. He trade on the weekly thought but his method can be applied on anytime frame.

    Well it’s more a framework than anything else but he gives buy and sell rules.

    Check candlesticks. Wait for a close above the lowest high to buy and wait for a close below the highest low to sell. It’s not 100% but at least you won’t catch falling knifes.

    This also gives you a logical stop loss.

    You can use alerts on TradingView. It gives you push notifications. If you use 4h charts then you can update the horizontal lines based on the price action. If it does reverse (Based on your conditions) then you get a notification push.

    Check also Richard Dennis (The turtle group) one of the best trend followers money manager.
     
    Last edited: May 6, 2023
    #86     May 6, 2023
    ETJ and Sergeev S like this.
  7. Bad_Badness

    Bad_Badness

    This is a terrible place to take a short. Look at the trends. Up trend is in neutral. Down trend does not exist. An up trend in neutral does not mean there is a down trend.
    Also look at the last two candles. It is testing a support level. It may not be THE actual support level but it is testing or probing for one.

    Moving averages cross overs are only a very small part of a plan, about 10%.

    Don't confuse a trend starting with a cross over, and a range starting with many cross overs. You have to be able to separate the two. Otherwise you will make big gains and make lots of losses. And if you try to make the losses small, you might also cut off the big gains when the slightly retrace.
     
    #87     May 6, 2023
  8. deaddog

    deaddog

    Isn't that the objective, making big gains and small losses?
     
    #88     May 6, 2023
  9. Bad_Badness

    Bad_Badness

    Of course, but the W/L ratio matters for not only the PL but also the drawdown risk.

    The MA cross method the OP wants to use is classic to work in trends but get chopped to death in a range bound market. So you get big gains on trends days and range days get many small losses.

    The trade management will make or break the PL. So he will try to lower the number of losses or make the losses smaller. But the trend trades have to have room to run and get majority of the available trend trades. Sort of the opposites for trade management.

    That is why most abandon the MA cross over "strategy". They can't get a trade management system (tail end of the trade), good enough. Not good enough for the effort, risk, comms, etc.

    Almost everyone has tried this and realized there are better ways that require less risk while in the trade, and easier management of the tail end of the trade.

    Attached is an example of the curve that is "good". Draw downs are under control, and the equity is climbing smoothly.


     
    Last edited: May 6, 2023
    #89     May 6, 2023
  10. deaddog

    deaddog

    I agree with what you are saying but I'm not sure what system the OP is using.
    Depends on what ma's and what time period he is using.
    If the market trends he might do okay. If his position management is decent he can survive until the chop ends.
    FWIW I make 80% of my money on 20% of my trades. One or two good runs a year is all I need.
     
    #90     May 6, 2023
    Bad_Badness likes this.