135 Pips/day 4h testing

[RoddyPipper]

Originally Posted by jimocean

hi burhan...

can you share with us what charting u use ? how do i get the same chart like yours ? i am still consider a newbie...

please help..thanks in advance.

He's using VT Trader. Visual Trading Systems, LLC

Originally Posted by pkffw

What's with that second set of bands? Looks like bollinger bands and something else as well(those square steppy looking bands).

VT Trader by default plots those high/low bands on all charts but they can be disabled if they become confusing when not part of your trading system.

[burhan]

Originally Posted by jimocean

hi burhan...

can you share with us what charting u use ? how do i get the same chart like yours ? i am still consider a newbie...

please help..thanks in advance.

I am using VT Trader.
You can download it from Products - Visual Trading Systems, LLC

[jimocean]

hi burhan..thanks for your fast reply...

Hmm however i am still abit confused of your picture...
the highest and lowest...how narrow is it then we sell ?

can you kindly draw on the picture and upload here ? thanks alot

[jimocean]

Originally Posted by jimocean

hi burhan..thanks for your fast reply...

Hmm however i am still abit confused of your picture...
the highest and lowest...how narrow is it then we sell ?

thanks alot

burhan, can you plz explain abit more detail for us here ? thanks again.

[james231287]

Hi everyone!I am a newbie and just have a question regarding MACD lines. I use the MT 4.0 platfrom and when i clickinsert, indicators, oscillators then MACD, i have the default settings at Fast EMA 12 Slow EMA 26 and MACD SMA 9 (default settings) Click OK. My question is, on my chart i only have ONE MACD Line, How do you get TWO MACD line so i can see them crossing?
Thanks.
James

[trader1]

Hi burhan,

It's an interesting strategy that looks promising from your charts. I will try it on a smaller time frame so I can use a smaller SL.

1. When you were averaging the 135 pips/day on 4Hr charts, what stop loss did you use and what do you estimate your winning percentage was?

2. How many currencies were you monitoring per day to achieve the 135 pips?

[burhan]

Originally Posted by trader1

Hi burhan,

It's an interesting strategy that looks promising from your charts. I will try it on a smaller time frame so I can use a smaller SL.

1. When you were averaging the 135 pips/day on 4Hr charts, what stop loss did you use and what do you estimate your winning percentage was?

2. How many currencies were you monitoring per day to achieve the 135 pips?

1- i normally use $80 Stop Limit. But till now, i didn't lose any trade.

2- I am trading with 3 currencies. And those 3 are EUR related pairs. EUR/JPY is most important for me.

I didn't get profit in 1 day. Positions can open for more then 2 days. But overall profit is approximately 135 Pip/day.

[abeproj_7]

Hi Burhan,

Nice sys u got, but like you said it has to be back tested. About the pairs you'll be trading, do you close your trades everyday and also wen you say you put a stop loss of $80 is that on a standard account or mini.

Well I'l try back testing on demo and would drop my experiences.

cheers

[MorningStar]

Originally Posted by burhan

1- i normally use $80 Stop Limit. But till now, i didn't lose any trade.

2- I am trading with 3 currencies. And those 3 are EUR related pairs. EUR/JPY is most important for me.

I didn't get profit in 1 day. Positions can open for more then 2 days. But overall profit is approximately 135 Pip/day.

I am really impressed thy way you explain about your trading, will you please explain me more that how to trade, what is best time and when to buy or sell, because I am tracking EUR/JPY too from last 3 months but can’t understand very well, overall I am in profit but that is I am doing by looking at the candles only there is no any technical things or tool I am using, so that I will be very sure that
Forex is really in my favor.

I will be very thankful to you,

[pro87]

Originally Posted by burhan

I have just tested a system and make 135 pips/day using different currencies.

Please test it and give me response.

Time period: 4h
Indicator: Bolinger Band (default settings)
Indicator: MACD (12,26,9 ) (default settings)

See attached image for more clarification.


Strategy:

1- highest and lowest bands of Bolinger together
2- MACD crossing.

Attachment 960

Hello bro!How testing going do you have good results or ? ;]