Almost perfect egy
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Thread: Almost perfect egy

  1. #1
    I need some help with my egy - it's simple and almost great but I still miss something. The major principle is to trade the first higher low or lower high after breaking the previous high or lowcost. Here's an illuion:



    The problem is that trading on the M5 without higher timeframes is quite risky and I'd like to prevent dumb losses, but I don't know what could be the sign on the H1 or H4 period. The best choice would be a candlestick reversal pattern such as doji, pinbar, inverted hammer or something, but still wants a fantastic placement - powerful SR level, fantastic SD zone and must be appropriate with current trend. These setups are infrequent, so it's useless for me personally if I've a lot of HL/LH setups on the M5 timeframe. This is the only thing I miss in my egy and I have no idea how to fix it and what to look at.

    I will be very thankful for any assistance, because this egy is quite straightforward and quite profitable, but I'm still lacking in certainty...

  2. #2
    Quote Originally Posted by ;
    quote Yes, lower time frame such as M5 is really unstable! You can try higher time frames such as H4/D1.
    I can't because I have an extremely modest account...

    Quote Originally Posted by ;
    quote quote Your egy does not need to be perfect from the get go to become profitable. If your system is almost perfect, I don't understand why your trading could be risky. I don't mean to insult you, but I believe you have to be honest with your self rather than jump the gun. Thumbs up or down: Just how good is the egy? quote To Enhance your egy to perfection, the only way to achieve that is to examine it and tweak it. You've identified that filtering low achievement rate setups are important. But, you're terrified of missing out on the fantastic ones. You have...
    that my egy works very good if we have a reversal pattern on the greater stage like H1 or H4 - this can be for example a pinbar near SR flat or extremely overbought / oversold market, but occasionally it's not enough... here is an example trade out of yesterday (a little late entry):



    I do not understand what type of filter are the best for such early entries, but it must come in the greater TF...

  3. #3
    Quote Originally Posted by ;
    quote great post batus...I see you're taught by the same mentor ?
    Hello devon... I too am interested to know who is your mentor

    Thanks and Regards

  4. #4

  5. #5

  6. #6
    his indior show trend change too late - my entrance is in place where current MA trend is such as still bullish and price already made a LL/LH sequence... indiors are unworthy in this method - some price action hints will be a lot better


    thanks to the help btw

  7. #7

  8. #8

  9. #9
    Quote Originally Posted by ;
    I need some help with my egy - it's easy and almost perfect but I still miss something. The main principle is to exchange the higher low or lower after breaking the previous high or low. Here is a good example: image The problem is that trading on the M5 without higher timeframes is rather risky and I'd love to prevent dumb losses, but that I don't understand what might be the sign about the H1 or H4 interval. The best option would be a candlestick reversal pattern such as doji, pinbar, inverted hammer or something, but still needs a fantastic placement...
    Hi,

    perfecting your egy with fibonacci ratio or harmonic pattern, ABCD is the best for me.

    Check out this thread started by Mr.Pip
    https://forexintuitive.com/cryptocur...en-trades.html

  10. #10
    Quote Originally Posted by ;
    my egy - it's easy and nearly perfect but I still miss something.
    Quote Originally Posted by ;
    The problem is that trading over the M5 without high timeframes is quite risky and I would love to prevent stupid losses, but that I do not know what could be the signal about the H1 or H4 timeframe.
    Your egy doesn't need to be perfect from the get go to become profitable. If your system is practically perfect, I don't see why your trading could be risky. I don't mean to insult youpersonally, but I believe you have to be honest with yourself and not jump the gun. Thumbs up or down: how great is the egy?

    Quote Originally Posted by ;
    The problem is that trading over the M5 without high timeframes is quite risky and I would love to prevent stupid losses, but that I do not know what could be the signal about the H1 or H4 timeframe. The best option would be a candlestick reversal pattern such as doji, pinbar, inverted hammer or something, but still needs a fantastic positioning - powerful SR flat, good SD zone and must be appropriate with current tendency. These setups are infrequent, so it's useless for me if I've a lot of HL/LH setups on the M5 timeframe.
    To refine your egy to perfection, the only way to achieve that would be to examine it and tweak it. You've identified that filtering low success rate setups are important. However, you're terrified of missing out on the fantastic ones. You need to make a choice of the equilibrium: frequent setups or higher success rate setups. I doubt anybody can tell you whatever you can do specifically. Maybe point you in the perfect direction, but that is about it. Just begin somewhere, anywhere with your egy, and fix yourself. Only you can fix your egy to suite your requirements. I wish you the very best.

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