The EA is semi automatic. It means that you need to manually set up the fib levels on mt4. After you set up the fib level you have to rename the name to BUY or SELL. After this you can use the EA. So for manually trading you set up the fib level in ...

Simple Fibonacci Trading

I also find a older thread with a system close to TMS: It use heiken ashi, 100sma for trend and stochs with same settings as TMS (8.3.3): url I think that system is also good for newbie because stoch is a good indicator and the 100sma make you only ...

Trading Made Simple

F.eks. trend continuation method(The Gorilla Method): url And reversal system(SDTR Strategy Part II): url They work because the rules are simple and they only signal a few trades a week. In addition you do not need to understand a lot of price ...

Trading Made Simple

I think BIGE method work very well for BIGE because he had over 6000 hours experience with trading. So he filter out bad setups without thinking about it. But for a newbie this method is difficult because the TDI give a lot of false signals. But if ...

Trading Made Simple

What does matter? A public trade explorer with a reliable broker with at least a couple of hundred trades over at least 6 months. All trades need to be visible in the trade explorer.

Trading Made Simple

You forgot to calculate with the trading costs. Let say you use an ECN broker that take commission fees. For example ICMarkets take $7 per lot. You have 100 trades with 1 lot per trade. Then your costs are $7*100. So your result then will be -$690.

Trading Made Simple

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Trading Made Simple

I have a trading system that contain all rules needed for trading written down. From these rules I make a checklist that I check before entry. In addition to the checklist I have a rule that I never intervene in an ongoing trade: It will hit stop ...

How to maintain discipline

Good results bs! Is it a real account?

Trading Made Simple

Maybe this will help? Tools > Options > Charts > Show trade levels

The Gorilla Method

I forgot one important issue: it's FOMC Statement today so you should be careful with us-pairs.

Trading Made Simple

It's a clear support on 4h. In addition there is a weekly resistance above the price try to go through and didn't make it so far. What I have observed with weekly levels is that the price is often unstable around this strong levels. Paal

Trading Made Simple

ranilo.vince is right: acoording to the rule by hzs10 must the high/low of the engulfing candle completely engulf the high/low of the candle before it. By her definition only high/low count NOT open/close. Regards Paal

Simple H4 Mobile Trading System

fxlrich, good research. Have you tested the winrate for engulfing candles over 100 pips for GBPNZD. I ask because 100 pips is nothing for GBPNZD. By the way, did you check for very small candles? Paal

Simple H4 Mobile Trading System

Hi all, short on NZDUSD: image Paal

Monthly Profit - Daily Trading using SMA

Thanks for info Divergence, I will read this document as soon I get some time. I trade 4h and I use 123 pattern with direct entry at 2 in trend. If here is not an clear trend i use 123 with a 4h closed breakout candle from 2. By the way, where do ...

Plan the Trade

Also check out post 123 by Bk8 (he prefer that reward is atleast 3 times the risk): url

Monthly Profit - Daily Trading using SMA

I use a combination of 1 , 4, 5 and an extra rule: I take 2 positions. Take profit for one position after 1 candle in wanted direction. For second position I take profit after 3 candles in wanted direction. For 3 candles I only count candles in ...

Monthly Profit - Daily Trading using SMA

Short on AUDJPY: image Paal

Monthly Profit - Daily Trading using SMA

Exit this trade at break even.

Monthly Profit - Daily Trading using SMA