Monthly Profit – Daily Trading using SMA

Indicators

1. SMA 5,0
2. BB (Non-obligatory)

Time Required – Simply quarter-hour day by day after D1 shut when new candle begins.

Keep away from

1. Decrease timeframe charts, even H4 shouldn’t be dependable.
2. Danger – Don’t take positions greater than 5% of account worth and don’t take a number of positions of identical foreign money (Max 2), even setup is a hundred% right
3. Sideways sample, see beneath

(Up to date on 17-Dec-2016)

1. Lengthy – SMA line in upward path
2. Quick – SMA line in downward path
3. Ignore – Flat SMA line

Entry

1. Lengthy – When earlier D1 bull candle’s physique has clearly crossed SMA and didn’t contact BB higher band.
2. Brief – When earlier D1 bear candle’s physique has clearly crossed SMA and didn’t contact BB decrease band.

Please refer #4572 for some examples http://www.forexfactory.com/showthre…17#post9162217

Cease Loss

1. excessive(+15 Pips)/low(-15 Pips) of earlier candle, if candle is simply too quick then chances are you’ll transfer to T-2 candle.

Take Revenue/Exit

1. Take 2 positions of identical setup, and shut the primary setup after taking revenue on identical day and depart the one other setup to run endlessly
2. Maintain shifting SL for second setup as per S&R
3. Chances are you’ll exit when candle touches/cross BB prime/backside line.
4. You might exit from second place you probably have minimal 3 candles revenue as a part of 1:3 technique.
5. Should Exit on breakeven if setup goes in other way.

I request all of you to attempt to share your outcomes regardless optimistic or adverse, right here is why

1. Merchants will probably be motivated after they see your optimistic outcomes
2. Merchants will keep away in the event that they see your unfavourable outcomes
3. Suppose all merchants do this technique, it would drive setup to observe the course we wish
4. we shall be serving to merchants who have been by no means worthwhile
5. we might be serving to retired/jobless individual to generate income
6. we shall be serving to new merchants to outlive available in the market and checklist goes on…

You might do this technique on previous charts, Good luck!

Disclaimer : USE OF THIS THREAD/SUGGESTIONS AT YOUR OWN DISCRETION AND RISK AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY LOSS!