iandekokers 5 profit target trades
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Thread: iandekokers 5 profit target trades

  1. #1
    Axnwxxa53
    Guest
    Okay since a lot of individuals disagree with me about the 5 pip egie let's put my theory to the evaluation. This way you can see for yourself if I am gambling or scalping or trade in accore with a precise workable plan.

    1. If there is a trend, we only trade.

    2. Also we dont wanna enter on the beginning of the trend. We wanna wait
    until the tendency is underway before we get in. That way we'll maintain profits
    straight away. And within moments you'll close your commerce with 5 pips
    profit.

    3. We need the following Indiors:

    you'll be able to use this little fad cher on any time period from 3 minutes to daily charts. I will play with it on the 5 minute and 15 minute time frames.

    We need the ADX indior and set .

    Draw two horizontal lines on the ADX. Establish the parameters to 25 and 35 respectively. As we all know the concept supporting ADX is that the tendency is strong once the ADX split above 35 degree (some say 25, others 40, others 30). But because I am conservative trader just searching for A-grade trades I will use 35 level. Sometimes even 40 level. And ADX under 25 is ranging market, one where you DO NOT wanna trade. We also know that the ADX does not show fad direction but trend strength. And I just wanna commerce the powerful tendencies. Afterall I just wanna make 5 pips maybe not 100. So I dont care if I combine later than most other traders. If you wanna get the direction the look in the DMI lines.

    If you like me and just trade A-grade trades then you await the ADX to pull under the 25 level. ADX under 25 degree tells me the market isn't trending and in such manner. So now I will not be interested in gambling. The moment the ADX breaks thru 25 and starts moving upward towards the 35 degree you begin to show curiosity cause you may have a A-grade commerce coming up. Once ADX breaks over 35 horisontal line you need confirmation that a trend has really started. The confirmation comes when the candlestick where the ADX broke thru the 35 degree CLOSES along with the ADX is still ABOVE the 35 level. I then enter a transaction on the opening of the following candlestick.

    If you want additional visual confirmation that the tendency has begun then add two moving averages to your chart.

    Easy Moving Average set to 4 and applied to shut
    Easy Moving Average set to 11 and applied to shut

    We all know the concept behind moving averages. Await 4SMA to cross up over the 11SMA then we're in uptrend. When the 4SMA crosses under the 11SMA then we've got a downtrend.

    Okay so now you have a ADX that crossed above the 35 level. And you have just two simple moving averages which have crossed. When 4 crossed above the 11 then we're searching to buy. When 4 crossed down thru 11 then we're seeking to sell. You can even use the DMI and DMI on your ADX. We all know that after the DMI crossed up over the DMI then we're wanting to buy and if the DMI crossed up within the DMI we are searching to sell. But to be sure you are investing in a strong tendency await the DMI to also cross over the 35 level. When it is the DMI that crosses over the 35 degree then we've got a strong uptrend. When it is the -DMI that crosses over the 35 degree then we've got a strong downtrend.

    4. I will aim for 5 pip profit

    5. I will use a 20 pip stop loss

    Trade signal:

    1. The sma has to cross.
    2. Wait for ADX to rise above the 35 degree
    3. Then enter the trade


    Attached Thumbnails

  2. #2
    Iandecoker,

    Thanks for sharing this particular method. I try not to get excited about anything having to do with trading, a little bit of enthusiasm is a dangerous item in the market!

    I guess what has me pumped is that, you're right in your other post -- it seems damn near every trade I have ever done was 5 pips in the cash sooner or later. And, I have always known that lowering my targets would enhance my ratio of winning to losing transactions. However, my losses happen to be large enough, and frequent enough, that I needed to maintain my trades little and felt I could not afford to overlook 20 - 30 pip (or larger) moves.

    Rob

  3. #3
    I've been operating on the EA and see any troubles. How can you filter false signs?

    Going by MA cross for trend, waiting for candle to shut with ADX gt; 35, input at open of following candle:

    15M EUR/USD chart:

    10/18 12:00 Long - Good
    10/18 17.15 Short - Poor
    10/18 18:15 Long - Good
    10/18 21:45 Short - Good
    10/19 00:45 Short - Poor
    10/19 03:00 Long - Good
    10/19 05:30 Long - Good
    10/19 08:30 Short - Poor
    10/19 12:15 Long - Good
    10/19 13:30 Short - Good

    Those are the past ten transactions that I see. Down 25 pips.

  4. #4
    Axnwxxa53
    Guest
    Quote Originally Posted by ;
    I have been working on the EA and see some issues. How can you filter signs?

    Moving by MA cross for trend, awaiting candle to shut with ADX gt; 35, input at open of following candle:

    15M EUR/USD chart:

    10/18 12:00 Long - Good
    10/18 17.15 Short - Bad
    10/18 18:15 Long - Good
    10/18 21:45 Short - Good
    10/19 00:45 Short - Bad
    10/19 03:00 Long - Good
    10/19 05:30 Long - Good
    10/19 08:30 Short - Bad
    10/19 12:15 Long - Good
    10/19 13:30 Short - Good

    Those are the last 10 trades that I see. Down 25 pips.
    The ADX should be above 35 AND that the DMI also must be above 35.

  5. #5
    Quote Originally Posted by ;
    The ADX should be above 35 AND that the DMI also has to be above 35.
    Isn't time of this day too significant? I assume you are not trading oriental sessions are you?

  6. #6
    Quote Originally Posted by ;
    The ADX needs to be over 35 AND the DMI also has to be over 35.
    OK, we have distinct ADX configurations. The transactions that you mentioned in another article didn't meet those standards.

    ADX 7 periods, implemented to Close?

  7. #7
    Axnwxxa53
    Guest
    Quote Originally Posted by ;
    is not time of this day also important? I suppose you aren't trading asian sessions are you?
    Yes time of day is also important. I dont trade asian sessions

  8. #8
    Axnwxxa53
    Guest
    Quote Originally Posted by ;
    OK, we've got different ADX settings. The trades you mentioned in the other post did not fulfill these standards.

    ADX 7 phases, implemented to Close?
    Yes adx 7 interval applied to close

  9. #9
    Axnwxxa53
    Guest
    This is my first trade of the week leading to a 5 pip profit.

  10. #10
    Axnwxxa53
    Guest
    This is another 5 pip profit. DMI and ADX were above 35. Seems like good oppertunities present themselves when DMI is under 25 and then breaks thru 25 level going towards 35 degree and breaking above it.

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