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Re: (mladen mntiwana mrtools ...) trading system from gurus

Jimmy, Sun Sep 16, 2018 8:33 pm

ardaguney wrote: Sun Sep 16, 2018 7:36 pm i want to change my question is there any person trading real and making good profits for a long time with a system or indicator if yes can he help us can he share his story.

thanks
Welcome to the forum Ard! There are so many great codes and tools on here from Mrtools, Mladen, Mntiwana and many other traders here which can make your trading a breeze like the Chaos Visual Averages, QQE, Mrtools' TDI & much more. You just need to see which one works best with your style of trading! :)

I don't think I can be much of an inspiration to you as I get big drawdowns in my accounts but I trade Forex and Futures for a living and make a steady 100 pips per week or (400 pips per month) and have so for the past five years now. On my large account I compound my earnings (for every additional $1000 profit I bump up my lot size by 0.10).

This is pretty much how I trade:

Technically.
  • Weekly chart trading 8 minor or cross pairs (I only trade Volatile pairs)
  • Draw one or two trendlines on the Weekly chart.
  • Zoom down into the Daily and 4H chart then place trades in anticipation of the Weekly trendline bounces (back into the Weekly trend).
  • I use Mrtools's non-repainting RSI on 14 period (default setting) and as I am in a losing trade I will wait for the RSI to hit the 70 or 30 line on the 4H or Daily and add another position in the direction of the Weekly trend.
  • I keep trades open for 1 to 2 weeks on average.
  • I only open trades during European, London and New York session (cash trade open).

Fundamentally
  • I will check all news events during the day.
  • Listen to Squawk and Bloomberg TV throughout the whole day.
  • Add to positions if data releases are good for a particular pair I'm trading on

It's a boring way of trading but there are always opportunities to trade every single day of the week.

To avoid confusing you, here's an example of how easy it can be to trade technicals successfully. Just start things off simple and use the higher timeframes. Only add indicators of your choice once you get the basics covered:

1. Draw one or two trendlines on the Weekly chart (keep it really simple).
2. Trade the bounces off those trendlines when price gets close to them by opening a trade into the direction of the Weekly trend.
An example on USDCAD. The overall Weekly trend is UP. Draw one simple trendline and open a trade into the direction of the Weekly trend (Buy) once price gets close to that trendline. (In this screenshot I'm using our Floating Indicator as a TDI in the top right-hand corner but I usually use Mrtools' non-repainting RSI on my charts).

As I said, I get big drawdowns occassionally but I'm use to it and can manage it well. The reason for my post is to show you that with perseverance and interest you can make a living trading! And by using the great indicators that Mladen, Mrtools, Mntiwana and the other traders that share here you can simplify and improve this process even further!

I'm actually testing an easy mechanical strategy based on the non-repainting indicators here by Mrtools right now, and it's going great but I need a few more months of live results before writing up the strategy for novices to follow.
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