TREND FOREX SESSION (METATRADER)

[JLP]

Hi,

Here I put some sequential screenshots of a running session I run some minutes ago.Almost when the market open, although I guess that is not the best time to open a trade.
The charts shown are set with the indicators from Robin Hood Fx Mechanical Forex system (EURGBP-M1) although here I am not using this system and the approach is something like hit and run on certain time frame.
After analizing the chart I see a certain tendency of downtrend so open a sell order - dot horizontal line at level 0.9717.
The price moves up & down (it has a max. drawdown of -135, and also a max. profit of +122 or 130 that I could leave on that point).
Finally I close the position at +27,06 profit.

Cheers,
JLP.-

[JLP]

Hi,

Rest of screenshots.

Cheers,
JLP.-

[See_Jerek]

Hello JLP,

Looks really good!

[JLP]

Hello JLP,

Looks really good!

Hi jerek,

I will put here 10 trade sessions win or lose to see how this thing is going on, but with less images, maybe 4 in total for each trade.
I am really newbie on this so  between all we will learn something.There´s a lot of free stuff and ebooks out there that it´s difficult from where to begin.
Also any advice or system to try is welcome.
No system I will use, only the tendency of the chart to follow and hit and run technique if possible.
Before this trade I have 4 trades with the following results each one on different days :

1- +106
2- +58
3- +102
4- +29

Cheers,
JLP.-

[hermes]

JLP, if you get every day that results why bother to wake up to work? Combined with online honest casinos winnings you are financially independent and secure. There will be some losses as usual when we take a risk  but the stoploss or trailing stop (I like that one) would keep the losses in boundaries.
Practice makes the master. You are going there just hold.
Cheers
Hermes

[JLP]

JLP, if you get every day that results why bother to wake up to work? Combined with online honest casinos winnings you are financially independent and secure. There will be some losses as usual when we take a risk  but the stoploss or trailing stop (I like that one) would keep the losses in boundaries.
Practice makes the master. You are going there just hold.
Cheers
Hermes

Hi mate,

Hehe, you got it clear mate.But we have to make some solid fund on this and not get crazy.
Otherwise this will eat us.The prices can have some high fluctuations.
The trailing stop you refer when you are on an uptrend or downtrend and you are continually changing the stop loss according to the level of profit you are obtaining??
Please explain it.
In this trends I did not put any stop loss as I try to close it manually each order monitoring continually how is going.
Here in next post I will put second trend session.

Cheers,
JLP.-

[JLP]

2ND. TREND SESSION

In this session there are no high fluctuations and when I enter it the graphic goes on a pattern like zigzag - up and down on short time frames so I try to enter on a high point and open sell order and expect to the price to the chart to downtrend on this short time frame.Then we apply hit and run and close order.

So here I open sell order at 0.88384 - almost the high point of the chart at that point.The price moves, is constant for a certain time and then comes a little downtrend where I close finally the order at +38.40 profit.
We see on last images the general tendency of the chart - horizontal but with lot of little zigzags.

Cheers,
JLP.-
 

[hermes]

The last example is sideways / consolidation trend which is difficult to exploit because it is flat. Normally we wait for signal when the consolidation ends and go up or down for buy or shorting but you made money even on so disadvantageous trend. Congratulation. You are shark. The trailing stop is say the dollar is 0.98 and we put trailing stoploss 0,03 what means if it go to 0.95 it is sold (with little loss) but if the currency goes up the trailing stop goes up also, e.g. the dollar went to 1,02 than the trailing stop is 0.99. It goes up whit the price but no more down than the 0.03 cents. If the dollar would go to 1,20 the trailing would be 1,17. You will always make a profit if it goes up and then falls abrupt down. It is protection. Not all brokers offer the trailing stop, you have to look for that condition in contract or directly ask them if they do it. It is worth it to look for brokers who offer that service.
Important message is that we don't trade every day, only if the circumstances are in our favor. If there is consolidation we wait what comes up. It could be only 2 or 3 days during some weeks. We lose less and win more that way.
Cheers Hermes

[JLP]

The last example is sideways / consolidation trend which is difficult to exploit because it is flat. Normally we wait for signal when the consolidation ends and go up or down for buy or shorting but you made money even on so disadvantageous trend. Congratulation. You are shark. The trailing stop is say the dollar is 0.98 and we put trailing stoploss 0,03 what means if it go to 0.95 it is sold (with little loss) but if the currency goes up the trailing stop goes up also, e.g. the dollar went to 1,02 than the trailing stop is 0.99. It goes up whit the price but no more down than the 0.03 cents. If the dollar would go to 1,20 the trailing would be 1,17. You will always make a profit if it goes up and then falls abrupt down. It is protection. Not all brokers offer the trailing stop, you have to look for that condition in contract or directly ask them if they do it. It is worth it to look for brokers who offer that service.
Important message is that we don't trade every day, only if the circumstances are in our favor. If there is consolidation we wait what comes up. It could be only 2 or 3 days during some weeks. We lose less and win more that way.
Cheers Hermes

Hi mate,

Thanks for the explanation on that.Yes, there´s a lot to learn on this, but little by littlle ......
The next trend - the 3rd. (today) is almost the same copy of the 2nd. trade as you talk about consolidation where the graph is horizontal and flat and the price fluctuates shortly on this.I apply the same technique - on next post.

Cheers,
JLP.-

[JLP]

3RD. TREND SESSION

The graph at this point is almost the same calc of yesterday - maybe at the time I enter the marked the waters are just quiet - that maybe depends on the hour - and we can see in the global graph that the great downtrends or uptrends have passed earlier- that´s the ones for big profits.So here we can get only little profits or little loses when graph shows flat and with little fluctuations.
So same as yesterday I open in this case a buy order at point 0.88158 (the lowest one I could get on that frame) and expect to the price to move upward.
That happens a few minutes later and then close the position with +24.18 profit.So that was really hit and run in very short time.

Cheers,
JLP.-

[JLP]

Hi,

Question -

The chart or graph presented on Metatrader on both Demo account and Real Live account is the same??
It must be the same, but I have read on other Forex forums that someone was doubtful of this.
Or the broker where you sign in can manipulate the result on Real account to his convenience??

Cheers,
JLP.-

[JLP]

4TH TREND SESSION

This session is similar to the previous ones, but as I have installed some days ago the Robot Autotrader EA it happens that were 2 orders at the same time as the robot began to work (I wonder this thing don´t do nothing for various days but it seems to find the right opportunity).
The common manual session : The chart also similar to last one,pretty quiet but this was not really fast - took some time maybe 45 min. or 1 hour.
Open buy sell at point 0.88722, the chart goes downtrend (-100 drawdown ap.), produces some explosives upwards and then close it at +28.51 profit.
In the next post will put what the Autotrader do.

Cheers,
JLP.-

[JLP]

ROBOT AUTOTRADER

This Robot seems to work only with the eurusd pair.
The Robot opened a sell order - and it has set parameters for stop loss and target profit by defect, but began with a drawdown of -648 and the volumen to sell was 5.79 .Also the stop loss is moving downward as certain profit level is reached to assure if some drawback happens the robot inmediatelly exit with that profit when that stop loss is reached and that is what happen here.
Finally the Robot close order at +787.44 profit but was at some point at +1430 profit. I could close the order there manually bypassing the robot.

Cheers,
JLP.-

[JLP]

5TH TREND SESSION

This one I will put the screenshots in 3 different posts of 6 images each (18 images to see).
The pair I was concentrating latelly is GBPUSD as the spread is much less than the pair EURGBP and in this one there are also some high fluctuations in short times to try to take profit.
So today when I enter the Metatrader platform I see a possible uptrend and open buy order at level 1.42148.
The price went high till +90 profit at some point, later begin to downtrend and went to the other side (I was down -55 ap.), then another uptrend that get the profit till +129 where I try to close the order, but was a certain delay and the price move fast on that little time so the close was at +78.
After this the price begin again to went down.
This technique is called Scalping little profits on short trades.
There´s too much to read on this - ufffffffffffffffffffffffffffffff!!!!!!!!!!!

Cheers,
JLP.-

[JLP]

2nd. set of images:

[JLP]

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