Gertje » Thu Sep 22, 2016 12:29 am wrote:

Zennor » Wed Sep 21, 2016 2:23 pm wrote:Now trading to make just 1.5% per day may seem a little slow to some and yes it can be, initially.

However

£1,000 @ 1.5% Per Day after 5 days will be £1,077.28
£1,000 @ 1.5% Per Day after 20 days will be £1,346.86
£1,000 @ 1.5% Per Day after 120 days will be £5,968.32

1.5% a day is huge.
My belief is that the high amount of fx-failures is due to too high expectations and hence overtrading.
See attached excel file, change the red inputs [%-daily and starting $] to get a feeling of the power of compounding....

TraderJoeForex » Thu Sep 22, 2016 3:38 am wrote:+5% in 24 hours just taking H4 arrows in direction of Daily

Using two CSS on chart.. one to display the current timeframe arrows (crosses) and the other for the higher timeframe (direction). In theory D1 arrows in direction of Weekly should be even more accurate and lower maintenance so going to test this for the rest of the month.

TraderJoeForex » Wed Sep 21, 2016 9:38 am wrote:+5% in 24 hours just taking H4 arrows in direction of Daily

Using two CSS on chart.. one to display the current timeframe arrows (crosses) and the other for the higher timeframe (direction). In theory D1 arrows in direction of Weekly should be even more accurate and lower maintenance so going to test this for the rest of the month.

pakeha » Wed Sep 21, 2016 8:31 pm wrote:
I like it. Do you trade the entire 24 hours or just London/NY?

I noticed the following for the GBPJPY and wasn't sure how you handled the buy signal. Your trade record shows the sell signal only.

Thanks

KeithM » Wed Sep 21, 2016 8:00 pm wrote:
What are your risk management and exit rules? Keep it up!

TraderJoeForex » Wed Sep 21, 2016 12:48 pm wrote:
The H4 buy signal was against the direction of D1 so I didn't take it. That is why I use two CSS on my chart (the chart arrows are H4 and the indi lines are D1)

.. in this experiment I traded all 6 candles over 24hours. Live I just trade the asian session with a scalping strategy. I feel safer without too much news risk. Demo I practise 24/7 whatever time I have available.

pakeha » Wed Sep 21, 2016 9:56 pm wrote:
OK. The chart picture I attached has that setup I believe. H4 shows the arrows (I have shrunk its window) and D1 shows the lines. For my feed there was a cross (upward) on the CSS daily at 4:00 (GMT+3) and then the cross down at 8:00 (GMT +3) also on the Daily. The H4 also showed the 2 arrows at these times.

Does your chart look the same?

Thanks