Good work!
Had I just entered two 0.02 positions to short any jpy pair this morning I’d have $70. Doing it on 3 or 4 pairs would have profited me $210 to $280. Which I still consider a very good day.
If things had gone bad. Closing out 3 or 4 entries at a loss would cut the loss in half. Then letting the rest of them make profit results in an overall win.
Hi @AmericanTrader Im New to This forum tried your strategy you posted first in this forum, Do you still follow same strategy. Can you tell what changes you’ve made over time to refine it?
Hi Armloader
Welcome to the forum.
I am not using that strategy, although I do incorporate an ema crossover in the one I am using.
Here is a link to my main strategy.
For scalping:
Is this in 5M chart? Can you explain it like first post so can implement it on my mt5
If you click on the link:
It will give you the indicators I use, but they are for MT4
That takes you to a previous post I made that explains the setup for trading with the trend. You can use it for any TF.
For scalping, you can use M1 or M5
Have you ever watched Nick Shawn on Youtube?
He’s a fan of DCA and not SLs I believe. He’s a firm believer that it doesn’t really matter when you enter or whether you go long or short. Have a look. Definitely another perspective outside of the norm.
Yes. I’ve seen that he’s into it lately and I’ve been chatting with him a bit on WhatsApp about it.
I still use an SL and I still like the channel. I set the TP at the closer of the 200ema or the channel midpoint too, not at a support or resistance zone.
Yea, Ive been doing some similar or at half of the half if that makes sense. FVGs tend to show up a lot on pullbacks, so those become interesting too. I have an indicator that plots them.
Are you on Nick’s Telegram Channel?
I was on it for a week to see what was going on there, but It wasn’t for me. I’ll keep watching some of his YT videos because they are fun and I like how he shows a random number generator is better at picking winners than he is.
I’d be a very happy man if I made half of what he does.
After the big pullbacks, Cad/Jpy has completely recovered and I ammmmmmmmm out with excellent profit.
Hi @AmericanTrader Can you send these All indicators code in .txt files?
I am unable to download metatrader4, even from official website MT4 installer installing MT5 only.
If you can send all these code in .txt files I’ll convert them for MT5 using AI.
Thanks!
Hi.
I’m a little confused. Can’t you simply download the indicators to your computer by clicking on the links I provided and saving them?
No computer?
Waiting on GBPJPY to recover a bit. Good week so far.
I have 2 long positions there too. I think it will take many days for it to reach my profit target, so you know me, I’ll likely close them out after another D1 bull candle. I’m sure there will be another pullback before that target profit anyway.
I do not have know anything about coding. I don’t see .txt files included in the downloaded indicators I’m using.
Here’s a link to a Mt5 free indicators. I think you will find everything you need here.
https://www.best-metatrader-indicators.com/?s=regression+channel
These file only open in MT4, Which I’m unable to access.
convert indicators from Mt4 to Mt5?
I still have yet to lose one of these trades when I make the entries on candles that close below the blue bottom channel line and close at the channel midpoint.
Treasury Secretary trade this morning. USD moving down!
Made some early pips by watching the news last night. USDJPY short in profit. EURUSD long in profit. Hope they have legs through the morning.
I’m still long on U/J for a while, at least until my modest TP gets hit.
