anyone out there with a good trading system for the daily timeframe,should pls help post it on the forum
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trading system for daily timeframe?
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"75% accuracy" by itself doesn't mean anything.
Here's one for you, just demo it for awhile:
EU, Daily. Check at the beginning of the new daily bar.
24 SMA shifted by 1.
When the SMA moves up, buy.
When it moves down, sell.
100 pip SL.
If you get stopped out and the SMA is still moving in the same direction, reenter.
That's it.
I'll bet you probably won't use it because it's boring.
Originally posted by sleeky111 View Posti mean a trading system with atleast 75% accuracry that can be used to trade the daily timeframe?Last edited by conglo; 27-08-11, 22:38.
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I'm allways looking for a system for higher Timeframes, because here you can win money...
Until now, i never found a good "breakout-system" for daily.
good systems (with proper RM/MM!) you can found here:
http://indo-investasi.com/showthread.php/9093-Indo-Investasi-Strategie
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If there were such a system then almost everyone would be using it and not bothering with these threads.
Look for Fozzy, Lindencourt, 3 or 5 bar reversal, Dean Saunders 10 min Wealth Builder...
Conglo's suggestion is similar to others that wait for the price to move towards the sma then breaks away again with an important candle.
Loads of systems that can be seen as successful in history but are just a hopeful bet at the hard right edge.
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The fewer indicators the better.
The fewer rules the better.
Candles make no difference.
My best methods use no indicators whatsoever.
H4, no indis:
http://www.myfxbook.com/members/ammo/heyma-h4/152937
If you're curious read some of my earlier posts, I've posted the rules.
Originally posted by Freddie View PostIf there were such a system then almost everyone would be using it and not bothering with these threads.
Look for Fozzy, Lindencourt, 3 or 5 bar reversal, Dean Saunders 10 min Wealth Builder...
Conglo's suggestion is similar to others that wait for the price to move towards the sma then breaks away again with an important candle.
Loads of systems that can be seen as successful in history but are just a hopeful bet at the hard right edge.Last edited by conglo; 29-08-11, 02:18.
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Originally posted by conglo View PostThe fewer indicators the better....H4, no indis: http://www.myfxbook.com/members/ammo/heyma-h4/152937...
I shall set it up and watch getting ready to go live when I get to Malaysia in November.
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Conglo, nice results, congrats!!!
I only wish I could find your description of rules -without going through all of your many,many,many posts. You are really productive -and sharing. Thanks and my sincere respect.
Maybe you could give us a hint for an easier search.
Regards
indo37
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@conglo:
Here's one for you, just demo it for awhile:
EU, Daily. Check at the beginning of the new daily bar.
24 SMA shifted by 1.
When the SMA moves up, buy.
When it moves down, sell.
100 pip SL.
If you get stopped out and the SMA is still moving in the same direction, reenter.
That's it.
I'll bet you probably won't use it because it's boring.
What TP you suggest, or what time you close the position? Is a SL from 80 Pips and a TP of 240 Pips maybe better (RR = 1:3) What you think, Sir?
Or maybe multiple positions: one with a fix TP and the other one let run until the SMA change the direction.
Your Experience?
Thank you!
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Originally posted by indo37 View PostConglo, nice results, congrats!!!
I only wish I could find your description of rules -without going through all of your many,many,many posts. You are really productive -and sharing. Thanks and my sincere respect.
Maybe you could give us a hint for an easier search.
Regards
indo37
Thanks again
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