"
Trending is one way to trade  Consolidation is another

Trending is one way to trade Consolidation is another

by Dr.Hamdi Boukamcha
I like buying and selling. It actually suits my character sort. Mode of ardour.
This is what’s on the drafting board. Been chipping away at this technique and I feel this is a big breakthrough.
So I wished to share what I am discovering and worth in put and suggestions from different merchants.
All of us need to generate profits buying and selling, proper?
Trending is one way to trade  Consolidation is another
Utilizing a semi automated ea that is very versatile for opening and shutting a number of trades with restrict orders and take income. (Not utilizing the take revenue perform although) simply the restrict orders. It was coded by what I’d have say should have been a “mad Russian.” He is loopy as a result of he is giving the coded ea away free. What a genius. Thanks. Thank Thanks. Cпасибо. Cпасибо. Cпасибо.

Right here is his put up… http://cmillion.ru/en/
In case you use Google chrome it has a inbuilt translate perform.
If not right here is the Google translate website. https://translate.google.com/?hl=en&tab=TT

I feel the one actual drawback with any buying and selling technique is that there are two completely different market circumstances. Trending and consolidation. One technique won’t work in each market circumstances. There is nothing worse than getting caught within the begin of a development going within the mistaken route. By the point it turns into apparent what has occurred there is normally a sufficiently big loss to gobble up nearly all if not all of what has already been made.

Figuring out the tip of a development is not as troublesome. Often there was a really dramatic development for some time after which the merchants are making up their minds. Revenue taking takes maintain and the buying and selling bounces round inside a spread for some time. That is what I’m specializing in. The consolidation market.

It is simpler for me to establish a consolidation than the beginning of a development. I don’t need to outwear my welcome by making an attempt to trade a consolidation for very lengthy because it is certain to transfer considerably one way or another after some time. I monitor a number of pairs to discover the market circumstances I’m searching for and utilizing the semi automated ea and some different identifiers away we go.

Okay how do I establish a consolidation?
It is after an enormous transfer. Mark it on the day chart. Utilizing a shifting common cross (sma3 shift 1/lwma3). Then drop down to a decrease time-frame. I’m utilizing 1 hour and trade reverse. Shifting averages are at all times sluggish in a consolidation. By the point they present a cross the costs have already headed in the other way. This may go on for some time. That is my buying and selling alternative for this technique. It is precisely reverse in a development. In a development you need to go together with the cross. In a consolidation you need to have a way to go reverse to the cross.

It is simpler for me to establish the tip of a development and trade out and in (at the least quick time period consolidation) than the beginning of a development and keep in it.

You want cash to work with. Small place sizes, presumably numerous them and sufficient margin to let it play itself out. It is value it.

For now I’m setting the ea to the settings proven within the chart. My dealer has further decimals, so my setting for 200 is truly for 20 pips.

This is a semi automated ea. It is not designed to set it up and go away for a yr. It does not work like that!!!
Really I do not know of any ea that can work like!!!! In case you discover one please please inform me about it!!!

****One thing else to be careful for. Within the mt4 tester the management level setting is ineffective. It is not actual information. They’ve compressed the tick information and averaged in in some way in order that it is not all what has truly occurred within the buying and selling day. Worth motion is just about utterly misplaced. What got here increased exhibits decrease first, and so forth. Even the “each tick” setting has been compromised with some type of averaging however it might be a little bit higher, not a lot although than the management factors. Perhaps the decrease time frames are a little bit extra correct for the reason that opening and shutting can be in tact. However all the pieces else within the center is coo coo home.

There is precise historic tick information accessible. It is an actual headache to load it. However it should give 99% accuracy as to what actually occurred out there. It was just a few years in the past I accessed it from Dukascopy. I am simply utilizing the mt4 each tick setting on the 1 hour for now.

So this is the ea and the template I am utilizing.
The charts are 1 hour with the ea arrange for buying and selling utilizing the markers on the day chart and going reverse.

I am not utilizing the take revenue settings and simply ready for a marker on the day chart for a cross in the other way. Solely want to examine the charts on the shut of the day. Be certain to have numerous margin and use small place sizes for this.

It may be big. If certainly it is a consolidation. I exploit the 400sma additionally. When a development is winding down the costs will strategy the the 400sma type of flat lining. They bounce across the 400sma for some time.

The 1 hour is a really aircraft chart. The ea is arrange there to trade. However no want to monitor something there. Simply set it up and let it do it is factor.

This morning was a knock out on 4 pairs within the demo. $1400 in just a few hours. With a bunch of .01’s. Can see the place it is vital to get it proper.

Edit:
1/8/17 Discovered this nice ea… Digger…
It does all the pieces this semi automated ea does and extra.
The whole lot I’ve ever wished.
Test it out…
https://www.mql5.com/en/market/produ…mments&web page=21

Edit:
1/9/17 Nice information for US merchants!!!!
Tradersway will take US purchasers and no FIFO, hedging is okay and up to 1:1000 leverage.
All of the bells and whistles…
If that is not sufficient rope to dangle your self… I do not what is.
I am opening an account as quickly as I can get my funds out of Oanda..
https://www.tradersway.com/
Thanks rswamy4449
I actually choose the simplicity of the fishing skilled now I can use it. wahoo.
On second thought check out this earlier than leaping into Tradersway…
http://www.forexpeacearmy.com/commun…scammer.21954/

Edit
1/10/17
Okay. I am going to take this one on.
I perceive what he is doing principally.
Simply have to get down the main points of how to do it in his ea.
In case you’re a newby this might be a bit a lot for you.
I will not be a in a position to strive to clarify issues.
You simply want extra expertise.
So grateful for locating a dealer that permits hedging.
I counsel testing the tutorials first. This might not be one thing you need to strive proper now.

Obtain
https://www.bestforexeas.com/grid-harvester-ea/
Tutorials
http://tradecraft.pl/grid/

Edit 1/11/17
As a substitute of a number of positions in a grid on a single pair.
How about utilizing a shifting common that favors a route and putting trades on 4 pairs?
This is the simply tremendous easy skilled that mt4 provides of their instance checklist… I can get “fancy” later.
Await a web acquire and shut all the pieces.
Utilizing this ea.

Connected Photos (click on to enlarge)
 Trending is one way to trade  Consolidation is another
Connected Recordsdata
Trending is one way to trade  Consolidation is another  cm_fishing.mq4   28 KB | 443 downloads
Trending is one way to trade  Consolidation is another  3-3.tpl   13 KB | 314 downloads
Trending is one way to trade  Consolidation is another  Shut at Revenue Goal v1.1.ex4   17 KB | 128 downloads | Uploaded Jan 11, 2017 8:48am
Trending is one way to trade  Consolidation is another  Shifting Common.mq4   5 KB | 143 downloads | Uploaded Jan 11, 2017 8:48am

Share this article

Leave a comment