Thread: Comments on trade for 2 days

Good Day everyone.
I'm trying out a new strategy. I would like anyone to comment. Please be honest and let me know your thoughts on my trade and performance over the past 2 days.
And if possible advice if the results are worth for me to continue to stick with this strategy.
I know i have been foolish to make such huge trades but i was confident about them (70% of the time).

So feel free to state your views.
Hope to hear from you.
Thanks.

hi hymera,

whats your strategy?

really big lots !

Originally Posted by assassin

hi hymera,

whats your strategy?

really big lots !

Hi assassin,
I know... i know it's bad money management...
The reason why i "risked" the lots was due to the sudden up/down trend.....
i'm trying out the Parabolic SAR...
Just started with this indicator and it seems quite promising...
I want to know how to write the EA for this...
but have not started learning yet....

Originally Posted by hymera

Good Day everyone.
I'm trying out a new strategy. I would like anyone to comment. Please be honest and let me know your thoughts on my trade and performance over the past 2 days.
And if possible advice if the results are worth for me to continue to stick with this strategy.
I know i have been foolish to make such huge trades but i was confident about them (70% of the time).

So feel free to state your views.
Hope to hear from you.
Thanks.

Hi Hymera,
can you explain your strategy.Your entry and exit rules.

Originally Posted by orits

Hi Hymera,
can you explain your strategy.Your entry and exit rules.

Hi Orits,
I usually have 3 EUR/USD charts on screen with M1,M5 & M15 timeframes.
I have placed the Parabolic SAR indicator on all 3 timeframes and see the patterns.
For example, if the M15 & M5 is on the uptrend and the M1 started a downtrend, i'll wait for it to turn then i'll enter. And i usually try to take reasonable profits, maybe 15pips or so. Unless i see the M1 starting to turn down then i'll exit. Or if i see a very strong rally up, i'll hold the pofits and reap more from it.
And at time, i go crazy and trade with huge lots. Cos if all of the indicators are showing an uptrend, then it's bound to go up.
Maybe you can advice me on my strategy.
Thanks.

Originally Posted by hymera

Hi Orits,
I usually have 3 EUR/USD charts on screen with M1,M5 & M15 timeframes.
I have placed the Parabolic SAR indicator on all 3 timeframes and see the patterns.
For example, if the M15 & M5 is on the uptrend and the M1 started a downtrend, i'll wait for it to turn then i'll enter. And i usually try to take reasonable profits, maybe 15pips or so. Unless i see the M1 starting to turn down then i'll exit. Or if i see a very strong rally up, i'll hold the pofits and reap more from it.
And at time, i go crazy and trade with huge lots. Cos if all of the indicators are showing an uptrend, then it's bound to go up.
Maybe you can advice me on my strategy.
Thanks.

seem like a pretty good strategy.i will give it a try when the market opens and let you know my finds.Thanks for sharing.Would keeep in touch.

Originally Posted by hymera

Hi Orits,
I usually have 3 EUR/USD charts on screen with M1,M5 & M15 timeframes.
I have placed the Parabolic SAR indicator on all 3 timeframes and see the patterns.
For example, if the M15 & M5 is on the uptrend and the M1 started a downtrend, i'll wait for it to turn then i'll enter. And i usually try to take reasonable profits, maybe 15pips or so. Unless i see the M1 starting to turn down then i'll exit. Or if i see a very strong rally up, i'll hold the pofits and reap more from it.
And at time, i go crazy and trade with huge lots. Cos if all of the indicators are showing an uptrend, then it's bound to go up.
Maybe you can advice me on my strategy.
Thanks.

Very good results here Hymera!

If you can get your exact rules/settings, profit/loss together, you should probably put this in the "Ideas for expert advisors" section for Funyoo to possibly create an EA for this as you have good results with a statement to meet the conditions for a EA request.

Very good results....
mantap

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http://compasforex.blogspot.com/

Originally Posted by hymera

Hi Orits,
I usually have 3 EUR/USD charts on screen with M1,M5 & M15 timeframes.
I have placed the Parabolic SAR indicator on all 3 timeframes and see the patterns.
For example, if the M15 & M5 is on the uptrend and the M1 started a downtrend, i'll wait for it to turn then i'll enter. And i usually try to take reasonable profits, maybe 15pips or so. Unless i see the M1 starting to turn down then i'll exit. Or if i see a very strong rally up, i'll hold the pofits and reap more from it.
And at time, i go crazy and trade with huge lots. Cos if all of the indicators are showing an uptrend, then it's bound to go up.
Maybe you can advice me on my strategy.
Thanks.

This strategy will go wrong when the H4 and H1 kick in and take the price where they want it to go even if your indicators align in a certain direction... the only thing is you haven't encountered it yet. But you will and by then you will understand what i'm talking about.