This is just my guess. But from the looks of it (charts provided), OP looks to take trades in the direction of the trend. The MA's serve to act as a series of dynamic support/resistance for longs or shorts (respectively), taking trades as price ...

trading for those who can take a bit more Risk..

Sounds good. I"ll take a look. Thanks.

Drawdown: how does it affect your trading and account part II

Oh ya sure. Statistics are best done with a larger sample size. But because manual trading is quite laborious to backtest and screen time is vital, I settled on a little over 100 trades. The winrate is quite good 70% - 80% across 5 pairs. I didn't ...

Drawdown: how does it affect your trading and account part II

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gestuntsey's trading journal - intraday

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gestuntsey's trading journal - intraday

I mean, the volatility was there, but I agree with you. I saw the market structure. I saw the entries. I saw the trades go as far as they would in the environment, but I pushed beyond the rules. I failed to follow my rules. You're absolutely correct ...

Drawdown: how does it affect your trading and account part II

If I had to guess, I'd say around 5% in a span of a few days to a whole week. Keep in mind, this is based from a day-trading style I'm forward-testing. Last NFP, I attempted to apply my trading there. It ended poorly to say the least. I ended the ...

Drawdown: how does it affect your trading and account part II

It's good that you bring up levels and structure. I've found that in my development it's easy to forget that all trading systems must obey the market. Trading isn't at easy as buying/selling when basic conditions are met. Surprise, surprise, we have ...

No Magic!

The greed and impatience are definitely dangers that stand in plain sight. However, I think it takes a lot of self-control and discipline to day-trade. To carify, day-traders aren't all click happy maniacs. More than few? Definitely. But not all. I ...

Day trading Vs Longer term holding FX

Thank you so much for your contribution to the community.

Wise-EA Programming Indicators and EA Collection for Sharing

I have less equity to trade with. Jokes aside, drawdown or even losing trades are a signal. Too much drawdown or too many losing trades, tell me that I'm not executing my trading plan properly. Of course, we all have different opinions of what an ...

Drawdown: how does it affect your trading and account part II

Real or demo it doesn't matter. Op is willing to give out his own experience and knowledge. Fire away sir!

trading for those who can take a bit more Risk..

While I didn't do an extensive backtest of your system. From a quick demo of it on the Cable m1 and H1, it looks like a solid system to me. The mechanical rules are there to give a foundation of where to start. As for the Bollinger bands (correct me ...

No Magic!

Good luck on your goal man. You seem to be on your way. Is that cyclic analysis I'm seeing on your chart?

Nail small amount everyday?

What you're asking for is certainly possible. You just need the appropriate edge and discipline. The interesting thing about your target goal is the discipline aspect of it. If you waited for your edge setup (however long that takes on a particular ...

Nail small amount everyday?

Oh sorry, no this doesn't manage multiple positions.

Trade Manager

This table of contents sounds very similar to my beliefs and approach to trading. Never heard of this guy until now. Hopefully someone has it.

Murrey Math

A trend follower I take it? I'm also interested if such a thing or something similar exists. Neat concept.

X candles without MA's crossing

He probably means switching to the opposite order of a trade upon the close of it. Example: you're in a long trade, and the stop loss gets hit - go short immediately. Risky imo. Weakness to market chop. Perhaps a careful method of execution may ...

Day trading Vs Longer term holding FX