Well, you know, as you suggested, I read the "HOLE" thread once more.

All I see is a bunch of people optimizing the market.

3000 pips in a week is a grain of salt. If you're going to measure a system for a 1 week period, I humbly suggest caution.

Averaging money with no stop-loss??

wow!!!

I can show you plenty of threads around the "HOLE" internet with the same state of mind: trying to corner the market with the best combo of indicators possible. They have a couple of profitable weeks, but when the market change cycles, the "HOLE" system goes nuts. This is the part when everybody throws all kind of indi's to the mix trying to cope with the failure. It's call "optimization"

That particular thread has plenty of it and I assure you, will have plenty more of "changes".

What works for me, is the all so-called K.I.S.S - a couple of lines on the charts or maybe 1 lonely indicator, do the work nicely and consistently.


The simpler, the better.

Anyway, good luck to you, no offense intended by the way.

To the originator of this thread - keep it simple. If you have a daily goal, don't measure it on pips. Better to use 1:1 R/R/ ratio or better 2:1 meaning if you're risking 100 bucks , shoot for 150 or maybe 200 bucks profit target.

20 pips could be 20 bucks...or 2 dollars, or 20 cents..doesn't matter. Use % of equity, it's more precise.

in real money.

And i say i have 8 years experiance of FX markets and traiding
age over 40

i know 3 different market conditions , ranging, trending, flat.

ranging work , trending work , flat show and no trade

The whole idea of trading is creating a good strategy. You can use your mix of indicator and create your own expert advisor…or you can try one from somebody else. But the key in strategies is to be comfortable with your system and your rules. In my case I follow three simple rules and play with envelopes and moving average.

1. Do not enter a trade when the price is within the band. A trade is signaled only when the price moves outside the band. The general policy is to go long when the price is above the band, and to go short when the price is below the band. In the figure above we can see the entry point pointed out by a circle.
2. For confirmation; don’t trade when the 15 exponential moving average is flat. Only trade when the 15 exponential moving average starts rising or falling in the direction of the trade.
3. A widen historical analysis has shown that the most secure and save way to trade in this strategy is fixing a target of 144 pips which can be change depending in how much you like risk.

When I found this strategy I try it just to learn about envelopes. But after a while I felt in love with this thing. I have try some other strategies and any of them have worked for me; even when they seemed really profitable. The successes of a strategy depend on the confident you get from it when taking a decision.

MT4 Experts Advisor’s Blog

The base of any good strategy is a strong historical analysis. If you can look back and learn about where and when it missed you would be able to see for yourself and correct your mistakes. But Angy has made a good point a good strategy must make you feel good with your trading style. No matter the structure or what you do, you must feel confident about what you’re doing.

hi there...

good point about the historical analysis you know...i just founded this good indicator that helps you to have an historical pattern record of the market trendline. It is called Zig Zag. They just recommend not to use it alone. maybe it could be combined with the fibbonaci technique.

+70 already , guess what direction.

And i like to say 4h tf is working no errors, smaller timeframes
are not so good. Just very easy way to look 4 h charts entering points.

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My question to you is...why so many indicators??

Please don't get me wrong...I am not trying to bash you by any chance.

Why so many oscillators.??

You could be profitable just looking at price and 1 indicator....Probabilities won't change because you have your charts cluttered just like that.

As I said before, no means to be disrespectful. On the contrary, we're all in an ever-learning process.

That is one screen i look , but mainly i look more than one to corming that some point of price movement have happen.

Now 2 positions, like this "the big pips" come incrising positions.

tg for atm 800pips

too much stuff in your charts - not necessary for trading. Looking at more than one timeframe it's unnecessary trading on 4 hr charts. You have all you need right there.

About center of gravity , I heard not very good things about it. Something about re-painting...well not sure.

Maybe just a simple 50 SMA will do the work for you.

Again, no disrespect.

Good luck trading.