MarketMover Trading System: Publication of my performance (forexerguru)

Discussion in 'Trading' started by Forexer Guru, Oct 23, 2023.

  1. I am the original poster of this thread: https://www.elitetrader.com/et/threads/a-holy-grail-scalping-strategy.376500/

    I believe its now time to publish performance of what I call marketmover trading method. My approach involves monitoring the actions of the key market participants and making trading decisions based on their actions. I use this method to look for buying signals from market movers and follow their leads.
    How the system works
    The system has three components
    Y-axis: Pay attention to prices in dollars over the past 300 hours
    X-axis: pay attention to how much time has passed in the chosen period
    Price action: Pay attention to how a currency pair is performing


    The results will be available following the upcoming trade.

    What are the rules?
    DD should not exceed 3%
    Holding time: One hour. If it exceeds one hour and a trade is not in profit, I will seek to close it.
     
    Last edited: Oct 23, 2023
  2. The Y-axis and X-axis components can be quite challenging to grasp, while Price Action is the most straightforward. I'll be able to illustrate this with real-life examples
     
  3. I trade all major currency pairs, all minor currency pairs, and three exotic currencies (NOK, SGD, and SEK).
     
  4. I will exercise caution in my trading decisions involving JPY, considering its high volatility

     
  5. price action
    Y axis analysis shows not good opportunity to scalp
    price action
    upload_2023-10-23_14-9-9.png
     
  6. I am not scalping GBPJPY
     
  7. GBPJPY: When I say 1 hour holding time, this is what I mean.

    upload_2023-10-23_14-21-11.png
     
  8. to see my performance after the first trade see below
    upload_2023-10-23_14-24-25.png
     
  9. search "mql5 haron kagathi Forexer Guru MarchFX" on myfxbook after I post my first trade. Currently myfxbook link is inactive.
     
  10. NZD/CAD is lacking two essential parameters: X-axis and Y-axis. Nevertheless, I'm still trading it, price 0.8006 with a stop-loss (sl) set at 0.80016. My holding time is strictly one hour. Minimal risk.

    upload_2023-10-24_15-9-1.png
     
    #10     Oct 24, 2023