Here is a nice combination and simple strategy which I found since using the Flying Buddha indicator as a filter for my grid trading (http://www.stevehopwoodforex.com/phpBB3 ... 76#p151876)
This method is great for smaller accounts and trading intraday:
Setup:
Baluda SuperSlope: 7 period SuperSlope set to D1
Flying Buddha: H1, H4 or D1 as trading timeframe
Trigger:
Enter at market when candle closes with a new FB AND this agrees with the direction of SuperSlope:
Blue UP = buy only
Red DOWN = sell only
No SL or TP
Close on first opposite Flying Buddha OR for greater adventure hold until opposite signal i.e. opposite Flying Buddha AND opposite SuperSlope.
If first position goes against then open another position on the next signal and a small grid can be built this way until opposite Flying Buddha brings an all close.
Here is what the chart setup should look like:
Edit: Now recommend PeakHiLoFibs for overall direction and TP (see most recent posts). I trade a 365 day cycle but pretty much anything over 240 periods on H4 works.
SuperSlope Flying Buddha
- TraderJoeForex
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SuperSlope Flying Buddha
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Last edited by TraderJoeForex on Mon Mar 06, 2017 9:26 am, edited 8 times in total.
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SuperSlope Flying Buddha
Here's a couple of H1 trades entered this morning..
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Last edited by TraderJoeForex on Wed Mar 01, 2017 3:51 pm, edited 1 time in total.
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SuperSlope Flying Buddha
Thank you for sharing!
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SuperSlope Flying Buddha
Nice one TJF.
Would an auto-trader be any help?
Would an auto-trader be any help?
Read the effing manual, ok?
Afterprime is the official SHF broker. Read about them at https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=175790#p175790.
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Afterprime is the official SHF broker. Read about them at https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=175790#p175790.
I still suffer from OCCD. Good thing, really.
Anyone here feeling generous? My paypal account is always in the market for a tiny donation. [email protected] is the account.
To see The Weekly Roundup of stuff you guys might have missed Click here
My special thanks to Thomas (tomele) for all the incredible work he does here.
- TraderJoeForex
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SuperSlope Flying Buddha
Absolutely .. I can pm you a few different examples later to clarify all trading scenarios.
Many thanks
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SuperSlope Flying Buddha
Be my guest.TraderJoeForex » Wed Mar 01, 2017 6:33 pm wrote:Absolutely .. I can pm you a few different examples later to clarify all trading scenarios.
Many thanks
Read the effing manual, ok?
Afterprime is the official SHF broker. Read about them at https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=175790#p175790.
I still suffer from OCCD. Good thing, really.
Anyone here feeling generous? My paypal account is always in the market for a tiny donation. [email protected] is the account.
To see The Weekly Roundup of stuff you guys might have missed Click here
My special thanks to Thomas (tomele) for all the incredible work he does here.
Afterprime is the official SHF broker. Read about them at https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=175790#p175790.
I still suffer from OCCD. Good thing, really.
Anyone here feeling generous? My paypal account is always in the market for a tiny donation. [email protected] is the account.
To see The Weekly Roundup of stuff you guys might have missed Click here
My special thanks to Thomas (tomele) for all the incredible work he does here.
- TraderJoeForex
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SuperSlope Flying Buddha
Closed these out this evening for some easy pips...TraderJoeForex » Wed Mar 01, 2017 2:15 pm wrote:Here's a couple of H1 trades entered this morning..
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- TraderJoeForex
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SuperSlope Flying Buddha
EURJPY shows a buy on H1 and a sell on H4 so I've entered both and will manage accordingly... who says we can't have custard and cream.
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SuperSlope Flying Buddha
Here is a trade I am test driving. Looking good thus far.
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