Challenge of Trading crudeM with 4k for 30 trading days!!

[vijkris]

@ Shikamaru, You were using OFA and ninja..

Still using OFA, TPO etc or not ?

This MT4 is unknown platform for me, Is it as versatile and easy as ami ?

 

[marimuthu13]

@ Shikamaru, You were using OFA and ninja..

Still using OFA, TPO etc or not ?

This MT4 is unknown platform for me, Is it as versatile and easy as ami ?

MT4 is easy to use...i never used AMI, so i cannot compare it .......

MT4 indicators are available for free as like AFL for ami..

if you are going to use Mt4, try sonic system..

just 3 rules...hit rate is around 60%, good RR, 1:2, 1:3 etc

 

[Shikamaru]

Shikamaru,
Would you please share some insight on when to hold and when to fold when in an intraday trade. Thanks a ton!

For Crude Oil, London Opening and Closing , New York Opening is place where to be more cautious, Winning position book half and tighten stoploss. Losing trade exit all

For Intraday, Strong MM is easy way to survive.

 

[pannet1]

********
Could u or anyone(planet?) know little details about MT4 coding?

I want a sound alert on below dual color ema.. when it changes color red and green. No alert when neutral yellow.

hs,

MT4 is a platform for which most of the things which one can think off is already coded. You just need the right google key phrase ... for example ... mql4 code for ema cross and alert.

 

[Shikamaru]

@ Shikamaru, You were using OFA and ninja..

Still using OFA, TPO etc or not ?

This MT4 is unknown platform for me, Is it as versatile and easy as ami ?

You are right, OFA and Volume ladder was main reason to become day trader.
Volume make sense and logic in market, MT4trader is good teacher too!
But for commodity, backfill is not available

Past few month, I moved to PVSRA analysis which change my view on market,
I make good returns. So I changed to MT4 (Also data feed is cheap and good)

I hope Marimuthu is also speaking about Sonic System,
PVSRA is also that kind but it only analysis bull and bear.

 

[headstrong007]

hs,

MT4 is a platform for which most of the things which one can think off is already coded. You just need the right google key phrase ... for example ... mql4 code for ema cross and alert.

I have normal ema cross and alert indicators...that give many whipsaws than this.. But this indicator ma in colour is different, it has nutral/continue from previous trend.. yellow line.. I want the sound alert for green to red and red to green only.. I just need sound alert on this indicators...from that particular link..it's more useful...

Just hope if anyone can implement it. I know some program codes.. can merge or edit indi in some extent...But adding sound alert on particular condition is out of reach for me now.....

 

[wisp]

For Crude Oil, London Opening and Closing , New York Opening is place where to be more cautious, Winning position book half and tighten stoploss. Losing trade exit all

For Intraday, Strong MM is easy way to survive.

How about for NSE? Where do you keep your initial SL,how do you trail?

 

[wisp]

...............

 

[rjshem]

Hi,
I am trading crude quite few years,
May be this will help to you,
Refer below screen shot,
1. Try to refer crude oil international data along with MCX,
Pre-MCX session provides hint of initial morning move.

2. Check volume bars, Right side having clear volume graph
(Spread between MCX and Intl data is very less so we can trade with reference )

3. Pakeman candle is my only one favorite PA structure,
Referring two chart we may better frequency of occurance
I doubled my quantity for this, since its hit rate is high for me

4. My first rule, Don't try to capture Top or Bottom even with SR levels,
This saving and reducing my draw down due to SL hit
Retrace trade having more success rate and better SL

5. MM, Trade with even lots, Half exit with pre-determined points
(we can see power of compounding even if second target are not achieved most of the time)
and then move remaining position to BE till Target achieved or valid reason to exit

Cheers,
Stay Green!

Nice shikamaru this is what good tradings all about learn good probable setups which suits u then wait for it execute ur trades with correct mm once u spot it.

 

[Shikamaru]

How about for NSE? Where do you keep your initial SL,how do you trail?

Catching Top and Bottom is sin even with SR,My trading Rule
Retracement entry provide better direction and lower SL
Avoid any trade that is not comfortable with respect to SL
Even lots is better, Exit one in 1:1 R:R and make remaining risk free,
3x Lot given chance to move one lot as TSL