Thanks you Lifesys, you are very correct, trading off supdem and PA alone has given me more pips than anything I ever tried. If one is patient enough only to take sure setups you will make more pips than those trading every setups.Lifesys wrote:For those who really want the SupDem mq4 - here is my mod. of 'Insanity Industries' version.
This may help but is not 'the' answer as you can draw zones better by hand once you know what to look for. Sup & Dem are S/R zones - not explicit lines or fractals.
Sam Sieden determines Supply & Demand zones based on a lot of experience & observational subjectivity, and trying to mechanise them works no better than anything else.
Studying Price Action SupDem as taught by Sam & S/R by Nial Fuller (LearnToTradeTheMarket) is more valuable from my perspective. These guys use swing (not position or scalp) trading for high probability trades, high pips & high $$ from 'limit' type trades - takes patience to learn this.
Steve may not want to hear, but using this method I added 15% to a live account in one trade 2 days ago - whilst watching some fun EA's flutter around on demo.
We may be off topic here but Fmfx has done a favour highlighting some real positive action.
Sometimes I place just 1 or 3 order in a month and its been better than placing 100's of orders.
Also like you said trading the higher TF will give you a better R:R and above all a rest of mind, you will only need to open your platform once or twice a day.
If you take only 1:2 trade setups and with a 40% hit rate one will still end up profitable, this is my little secret.
Best regards
Fmfx