💱forex-chat

[gusty mango]

I exit

[torn lotus]

😄

[unborn wing]

@turbid moat here you go

[turbid moat]

thank you mate 🙂 much appreciated i was just looking for it above

[unborn wing]

I've created a simple indicator to highlight the two peak exposure times that the back testing shows it is worth increasing trade size

A good visual prompt when placing trades

[icy wraith]

Is it public, can we get it?

[unborn wing]

I think the Titanic went down at a similar angle 🙂

[unborn wing]

No, I just wrote it this morning. Here is the code.

You need to paste this in to a new indicator script in Pine Editor

//@version=4
//SMCSMC indicator to show period during trading session when trading exposure can be increased
study("Gold Peak Trading Hours", overlay=true)
timeinrange(res, sess) => time(res, sess) != 0
Peak1 = #5eff0021
Peak2 = #0000ff36
postmarket = #0000ff36
color notrading = na
sessioncolor = timeinrange("5", "0200-0500") ? Peak1 :
timeinrange("5", "0800-1100") ? Peak2 :
timeinrange("5", "0800-1100") ? postmarket : notrading
bgcolor(sessioncolor, transp=75)

[atomic stratus]

Thanks for your work. This is fantastic!

[proven nacelle]

Thanks a lot for the code 👨‍💻 appreciate your work

[unborn wing]

I can now get back to listening to my favourite album 🙂

[icy wraith]

@unborn wing, Thank you!!!!

[summer wedge]

good morning all .. thank you @unborn wing for your support 🙂

[gusty mango]

I’m btw seeing A lot of bad reviews on Reddit about MFF

[icy wraith]

Guess What?🫠👽

[gusty mango]

Pole fir pole dancing???

[icy wraith]

😂😂

[proper compass]

Lucky London bastards got a good long

[proper compass]

Better save this before it gets deleted

[gusty mango]

@unborn wing

Question about ur Strat btw

You are using price action candle colours

One of the criteria is red/green candle

But the candle always turns green/red on a bos or choch in their respective direction

[leaden flower]

@worn hatch shared u my strat
Check dm

[torn lotus]

@leaden flower I’d be interested too if you are open to share

[leaden flower]

3rd one for the day

[proper compass]

A good long opportunity on gold, might play in the NY session as always

[gusty mango]

Baller

Share that Strat boi

[leaden flower]

Hey bro I've no problem sharing I've learned a lot from this chat
The strat isn't final yet I'm just backtesting it & sharing some to backtest & upgrade.
Once done I'll sure make a doc & share with everyone 😁😁

[leaden flower]

Will dm in a while

[torn lotus]

🙏

[modern lava]

Hello @leaden flower I’d be interested too!! Thank you

[proper compass]

Maybe I should also publish mine, see how it works if others use it 🤔🤔🤔

[leaden flower]

@gusty mango check

[unborn wing]

In the last 6 months there have been 2 occasions when it didnt, so ive stimulated this as a requirement

[leaden flower]

I just wanna confirm my strat before sharing with everyone so if it's not good I'm not gonna be trolled by pro's like @echo kiln 🤣🤣

[crystal pivot]

Felt that lol

[proper compass]

Already used to trolls anyway. I'm one myself, but never troll strats.

[icy wraith]

I wouldn't worry about mate. People get paid to do reviews , good or bad depends on who is paying. I was in another discord group where they would have a raffle for people who posted reviews on trust pilot. Wankers

[proper compass]

I'm more curious to see if it works outside the 15 min, since I only use the 15

[proper compass]

How much per review?

[leaden flower]

Nah just 5 min

[summer wedge]

share with me too mate, can feedback, thank you

[icy wraith]

They were giving out prizes. Don't know what as I did not want to know. Didn't renew my sub for their indis

[summer wedge]

is this automated?

[leaden flower]

Lemme make a doc
Im just afraid of being trolled 😭😭

[proper compass]

Currently creating a 50-pip per day strat for the NY session. Will come out much later than yours since it's in the embryo stage

[summer wedge]

shouldnt be afriad to share mate, we are free to share anything here .. no one should troll

[proper compass]

Tch. Most prob dumb ass prizes. If it was cash I would review bomb it for that mullah

[leaden flower]

I'm just trying to catch the bull or bear power targeting 5-20 pips just .

[proper compass]

In fact, let me publish mine to encourage him. Don't have a doc so a screenshot maybe

[proper compass]

I trade gold and I see you trade forex. So almost the same pip based on instrument

[leaden flower]

I've tested gold eurusd gbpusd usdjpy works fine just a little tweak for gold
Making a doc will share in a while

[worn hatch]

Which curve TV is this ... Don't tell me it's Samsung G9 🤩🤩🤩

[worn hatch]

1799-1802 supply zone for bearish ... PCI news heading

[worn hatch]

Will look into .. thanks for sharing 🙂

[proper compass]

Alright, here's my strategy. Currently using:

BA_Historical Volatility Percentile & SMA for volatility
Lux Algo Price Action Concepts for market structure
and Lux Algo Premium Trend Tracer for trend confirmation

[bronze rivet]

any good combination for scaling ?

[proper compass]

Buy when PAC candle colors and trend tracer is green, and when the bars on the volatility indicator are above the SMA (white line)

Opposite for sell, red PAC candles, and tracer, BUT, bars on volatility are above the SMA. The volatility indicator condition is the same for buy/long and sell/short

[proper compass]

Got alerts on 1800 and 1790, since both are resistance and support, respectively

We break these levels and my trade conditions will be confirmed

[icy wraith]

That would make sense, 1799 is the pivot point. Waiting to see what happens.

[proper compass]

https://tenor.com/view/silence-of-the-lambs-hannibal-lecter-doctor-patience-good-things-gif-17473846

[gusty mango]

You can always dm it to me 😎

[gusty mango]

Okey so it’s PAC candles by default not premium candles

[gusty mango]

So your exit is when bars turn red/green?

[proper compass]

Nope, just have a flexible TP. 50 pips is the minimum, then after every 50 pips I place a trailing SL

[gusty mango]

And what’s your initial SL?

And how are you progressing with this Strat?

Just wondering!

[proper compass]

For now, I'm using a 1:1 RRR. So I'll place my SL 50 pips from the initial entry point. However, I'll be including a SL that considers entries that are near OBs

[proper compass]

It's EXTREMELY new, like 2 trades new lol

[gusty mango]

Damn hahaha

2 winning trades tho? 👀

[proper compass]

Yes, both won

[gusty mango]

Lit

Are you funded ?

Can you send me a copy of your template possibly? Wanna see how it is

That’s enough questions

😂

[proper compass]

Def. Using a 0.01 lot size since this will be the basis of my true funded one (1%-5% equity exposure per trade)

[proper compass]

Alright, will get to it

[bronze rivet]

how can i enable lux profile ?

[gusty mango]

Lit, 10k acc

[icy wraith]

I think in a little over an hour we will see it break one of the 2.

[proper compass]

@gusty mango sent a request to send the template

[summer wedge]

you are a star mate, thanks for sharing. are you using default settings on the volatility indicator?

[proper compass]

1 hour is the NY session, what I'm waiting for

[proper compass]

Yes, all default. Played with the MA length and it was horrendous

[summer wedge]

thanks buddy, i will have a play

[proper compass]

This year I've been indicator collecting. Will make a comprehensive document next year on the applications of some of the indicators that work well with Lux Algo

[summer wedge]

youre a gem

[summer wedge]

the volatility oscillator, do you use them on MTF? Or only the one TF you are trading on?

[icy wraith]

High impact news in an hour

[proper compass]

Increasing volatility on the lower and higher timeframes shows that the traders are increasing positions regardless of timeframe. That's why I have a copy on the HTF

[summer wedge]

perfect 👍

[proper compass]

Already ready to trigger

[icy wraith]

Anyone use ECHO from LUX?

Predicting up

[proper compass]

But gotta wait for confirmation obviously

[icy wraith]

https://tenor.com/view/finger-move-wag-gif-10088783

[proper compass]

I also have a long bias, but I donno. I think we might drop

[icy wraith]

Yeah I just didn’t know if anyone used it. Curious how accurate it is

[summer wedge]

@brazen meadow uses it massively , hopefully he can feedback

[summer wedge]

this came out on 18th Dec, might help you : https://www.youtube.com/watch?v=Jt0k-gMVvDA

[leaden flower]

Ahhh was making the doc bt short circuit in my house 😭😭 will make later in night 🥺🥺🥺🥺

[proper compass]

That orderblock better hold

[worn hatch]

I have a buy stop at 1801.3

[proper compass]

Tempted to place a buy stop at 1800 and a sell stop at 1790. But I'm just trying out this strat so will manual it until I'm confident enough

My trading view switched to Polish. The fuck?

[gusty mango]

Kurwa

[proper compass]

Aah got it lol

Kurwa is settings

[gusty mango]

Yes….

Yes !

That’s it

[proper compass]

Was about to learn a new language

[gusty mango]

Haha

Bro I’m learning Russian

Shits impossible

[proper compass]

Tried to learn French but I have too much going on. Will def try it

15 min to PCE

[summer wedge]

lol that was funny reading it

[lusty jetty]

u think its going crazy or just a lill moove

[proper compass]

Decreasing volatility. Not a legitimate trade forming until volume or volatility increase

[rare zenith]

I just came out of my trade, didn't know what to expect from the news

Broke even though

[proper compass]

Was tryna check the economic events on Tradingview then I see some language I don't know. Google Translate coming to the rescue telling me it's Polish

Always stay out of trades during events. You'll still get 20 good days to trade

[rare zenith]

Does someone have a trading news stratedgy? Swear someone put something in this chat about one

[worn hatch]

all the best guys

[lusty jetty]

wtf was that

[proper compass]

Look at that wick. Def stay out

[worn hatch]

i closed my buy order

market is shaking like an earthquake

[terse haven]

Good morning ☀️

[proper compass]

Def the reason I stayed out and waiting

[terse haven]

Sup @lusty jetty 👋🏻

[torn lotus]

Good morning @terse haven

[proper compass]

This is now a matter of breaking and holding

[torn lotus]

https://tenor.com/view/detective-pikachu-coffee-drink-coffee-caffeine-no-coffee-gif-25440709

[analog geyser]

Hey gusy

Guys

[worn hatch]

Howz your trading going on ?

did you learn babypips ?

[analog geyser]

It's actually going really well

Yes

And i also made a profit of 2200usd

[worn hatch]

Congratz

[gusty mango]

Babypips the goat

[gusty mango]

How the fuck you ourple

Purple*

[worn hatch]

Got it as a helper to the community 🎖️ 😅

[gusty mango]

I also want purple

😩

[worn hatch]

Help everyone around

[gusty mango]

The amount of times I wrote babypips

Deserves purple

Need my own role

Called babypips

[worn hatch]

Never knew helping ppl around you get LUX pro (purple) 😅

[lusty jetty]

@terse haven hey G all good thank God wbu

[terse haven]

That’s good bro I’m good just waking up

[lusty jetty]

get a coffee and let's do it hahah

[proper compass]

@gusty mango you can start by helping me with a billion dollars. Guaranteed gold color for sure

[summer wedge]

Morning mate

[terse haven]

Morning ☀️

I took a small short on gold already sold half and sitting at BE but I think 1784 retest or 1776 incoming

[proper compass]

We have a change in character on the bearish side. Really felt like it would lose today's battle

However, still not good enough. Need a break of 1790 for a sell

[summer wedge]

thats cheating 😄 thats not the template we are using

[terse haven]

This is MetaTrader 😁

[proper compass]

One hour trendline extended from 23 Nov to yesterdays bear run. Next support at 1786, just within your predictions

[lusty jetty]

us30 going from screen border to another

wild

[unborn wing]

Morning 🙂

[proper compass]

Haha, a F.U wick

[summer wedge]

who is wick and why are you swearing at him?

[sullen hamlet]

Are you from Poland?

[gusty mango]

No 😂

[sullen hamlet]

Bruh XD
I thought you are, cause I've read my native curse hahah

[proper compass]

Wick the wicked, the stopper of losses and troller of traders

[sullen hamlet]

Actually, guys, I'm new to forex
Got tired with crypto, it is totally unpredictable for me now
Is Javielito's strategy legit? Which rr do you use? And is, for example, 500$ enough to start?

[turbid moat]

Javielito is legend, if you play by rule and know a little about gold market,

[proper compass]

Any amount is adequate as long as you practice excellent risk management. Lower amounts will obviously be slower but you'll get there eventually

[sullen hamlet]

Do you know any legit resources where I can learn about gold market?

[sullen hamlet]

What is the best mm to trade?

2-5%?

[gusty mango]

Did you do any research regarding forex/charts/patterns/indicators?

[proper compass]

Definitely no more than 5%. 5% is adequate

Trend tracer turned red

[terse haven]

Let it drop 🔥

[sullen hamlet]

Now I'm learning about indicators and info in strat
I know some patterns and theory from crypto trading but got rekt

Thinking about finding mentor
Also downloaded Javielito's TA book

[proper compass]

If you know how to read charts you can trade anything. Indicators always have the same conditions

[gusty mango]

Would go to babypips.com

They have a course

[sullen hamlet]

Already signed up there hahah

[proper compass]

What he said @sullen hamlet

[gusty mango]

Take your time to go through that

Trade on a demo while learning

[proper compass]

Just need to break 1790 and I'm good

[gusty mango]

Know the basics before following a strategy

[sullen hamlet]

This course covers all the basics?

[gusty mango]

More then the basics

It covers everything

It won’t make you a successful trader

But it teaches you what you need to know before you enter the market

[summer wedge]

dont ask us if it is legit, try it out yourself, back test and make your own conclusions my friend

[sullen hamlet]

I think, it is the jest time to learn
After holidays maybe I will enter

Best*

[proper compass]

Another F.U wick

[sullen hamlet]

On what leverage do you guys trade?

[proper compass]

Really have to be patient with this crap, otherwise you'll be losing a lot

[gusty mango]

1:100 or 1:500

Depending on what my broker allows me

But I scale my lot size to max 1% per trade

[proper compass]

Also, since you asked if $500 is adequate, start with a 0.01 lot size but don't go higher than 0.05

[sullen hamlet]

Do you guys believe that with 500$ it is possible in 2-3 years to have 1kk, lol

[gusty mango]

Oh easy

If you know what ur doing

😩

[proper compass]

With $500, a good strategy, and patience, 1k is within 3 months

[sullen hamlet]

I've seen something like that

And got interested with your opinion

[proper compass]

Haha rewatched this video on why people lose from Lux. Said you always have to anticipate the areas where people are likely to lose money

[unborn wing]

I like the "Focus on 4% a Day" comment. Do they say how people should do that?

[proper compass]

This is just bull crap. Markets change and you cannot predict anything. Some months might be very good to trade and you might even double your account. In other months you'll be crying like a heartbroken teenager

[proper compass]

Easy. Wake up, keep repeating "4% everyday." You have now focused on 4% daily

[icy wraith]

I've moved up to the 30 minute tf. Much cleaner
Just waiting for it clear the OB

[gusty mango]

I personally don’t agree with call it a day, as long as you follow your strategy, make how much your strategy offers you that day

[proper compass]

Holy crap, another candle. Maybe another fake out?

[gusty mango]

If your strategy only offers you 2% on a day

Are you gonna chase trades to get that other 2%?

[icy wraith]

Fkn nightmare

[gusty mango]

If you get 4% but your strategy gives you entry’s to get that to 8%

[proper compass]

If this candle closes and maintains 1790, I will enter

[gusty mango]

Why not take that?

[sullen hamlet]

You're right, i think in this situation he was talking about not to overtrade

[gusty mango]

Also if you believe you can get to 1 million with 200 bucks

Just do a funded challenge for a 20k acc

[proper compass]

Ti

[gusty mango]

Use the first month profits to get a 100k acc

Etc

To 300k

[sullen hamlet]

It seems so unreal for me

But I should try

[gusty mango]

Because it is

Take funded challenges for example

Less then 1% of people make it to their first payout

[proper compass]

Crap, I need to concentrate on my work

[gusty mango]

But the ones that make it

Can block their emotions

This is the hardest part

[proper compass]

Oih, this orderblock is really holding up to all this abuse

[sullen hamlet]

So psychology in this is necessary?

[icy wraith]

What to you going for? If we move down.

[proper compass]

Just today I wanted to long. But because my strat told me to wait, I respected it. Emotional control makes up like 50% of the trade

[gusty mango]

Any form of trading

Tho crypto is a shit show anyway

I’ve seen no one making good money trading crypto

[sullen hamlet]

I think, my problem is building the strat now, because I'm jumping from one to another

And can't decide

[proper compass]

Since the 1 hour trend line crossed the 1h orderblock, I'm taking 1785 as the first TP then place a trailing stop as it plunders

[gusty mango]

You can have multiple strays

Strats

[sullen hamlet]

How many do you have

[gusty mango]

I scalp

[proper compass]

Keep jumping until you settle on the best one. Hit me up and @terse haven @worn hatch @gusty mango and others if you want suggestions on good indicators to include in your strat

[gusty mango]

If I’m in a trade longer then 30 ish minutes I’ll jump of my balcony

[proper compass]

Look at that. Another F.U wick. Three in a row

[worn hatch]

you in Gold too

[proper compass]

Trynna time this golden bad boy

[sullen hamlet]

So if u scalp 5 tf u sit in the trade for max 6 candles?

[gusty mango]

No i scalp until my TP is hit or until my SL is hit

OR if I get indications against my trade

[proper compass]

I don't think I have the confidence to short this even if it breaks support

[gusty mango]

I close earlier

But most of my trades don’t make it to 30 minutes

[worn hatch]

TP 10-20 pips for every trade

[gusty mango]

But I’m the click button and never look again trader

[worn hatch]

look for a good setup and then trade .. do not trade blindly

[gusty mango]

Are you funded btw?

[sullen hamlet]

For example, how to understand that the setup is good?
Sometimes, even when there is choch, stochastic and ultimate says it is time for long, it can go short

[worn hatch]

nahh my own atm

[sullen hamlet]

How to understand, if you can go long

[proper compass]

You keep seeing wicks like this and you just know it will reverse soon

[gusty mango]

That’s what conditions are for

And even if all the conditions meet you can still lose

[proper compass]

Volatility is also decreasing on both 15min and 1H

[gusty mango]

That’s what risk management is for

If I run a 10k acc I can never lose more then 100 on a trade

[sullen hamlet]

So sl is 1%

[gusty mango]

Well

No

Lot sizing

[sullen hamlet]

What is lot sizing?

[gusty mango]

In forex you trade in lots

You will learn it in babypips

[chilly marsh]

calculating the correct risk appetite
that equals your 1% is lot sizing

[gusty mango]

I talk like I’m a professional trader meanwhile not even funded on a 10k acc 😩😩😩😩

[sullen hamlet]

Still don't get it🤔

[gusty mango]

If you trade 1 lot every pip is worth 10 dollars

So every pip the market moves up or down

Will win ore lose you 10 dollars

[sullen hamlet]

1 pip is 0.001 isn't it?

[proper compass]

Assuming you're using Metatrader, you will see something like this when you place a new order

This specific section right here determines your lot size

A 0.01 lot means you're risking or gaining $0.1 per pip

[proper compass]

This is pip movement, not lot size

[sullen hamlet]

So for example, if I set 1000$ with 0.01 it means +/- 10$ per pip?

[gusty mango]

No

Lot size has nothing to do with your equity

1 lot is 10 dollars a pip

[proper compass]

0.01 lot size is $0.1 dollar per pip (This is lot size). If you have $1000 or $100 or even $10, the lot size is the same. Even for different brokers, instruments, and applications. Lot size is always the same. 0.01 lot size is $0.1, 0.1 lot is $1.

[sullen hamlet]

I think, I got it

So
If i trade 100$, want to have sl 1%, i set sl 10 micro lots?

If I choose this option

[proper compass]

Now you get it

[sullen hamlet]

Finally I feel less 🤡

[proper compass]

Visit babypips as we just said. They explain everything in very simple language, much simpler than we do here

[sullen hamlet]

I will visit, but sitting here and reading everything you write about I feel, like I'm observing experts hahah

[leaden flower]

It's my strat 🥺🥺🥺🥺🥺

[sullen hamlet]

Thank youuu
I will look at it

I'm also surprised, how nice community in this server, like wow for me

[atomic stratus]

CHF 👀

[leaden flower]

Publishing for the first time to get feedback from pros don't copy blindly

[proper compass]

Solid candle reversal, tracer still green, and volatility increased by a slight margin

[leaden flower]

@proper compass @summer wedge @terse haven @worn hatch @gusty mango @echo kiln

[proper compass]

What about noobs like me?

[gusty mango]

Baller

[atomic stratus]

I will definitely have a read, I was interested earlier. I love that we can all share our ideas here :)'

[gusty mango]

I will publish my coin flip Strat later guys

Billionaire within 2 days

Or homeless

[leaden flower]

You motivated me to publish 😁😁
Im making money easily out of it but wasn't confident 🤣🤣

[gusty mango]

Time to do a funded challenge???

[leaden flower]

Yeah gonna take 50k rapid challenge

Next week

[proper compass]

What indicator is BBPT?

[leaden flower]

Bullish bearish power trend by zeiterman something like that

[worn hatch]

this Gold is screwing our happiness

sometime bull and sometime bear 🤣 🤣 🤣

[gusty mango]

Would wait after new years

[torn lotus]

Awesome 🔥thanks for sharing

[proper compass]

I only see bull bear power trend by Dreadblitz

[gusty mango]

I will be backtesting nova’s Strat tonight on some pairs

[leaden flower]

They're giving 15% of S1&S2 so I will enroll & maybe trade next year

[leaden flower]

Xauusd eurusd I'm tested mainly little bit usdjpy

[jovial yarrow]

Thank you!

[gusty mango]

Most likely I will do USD pairs 2 months each

And send it to you

[proper compass]

Sorry about that. Every time I want to trade the markets trynna play me. I really am sorry

[jovial yarrow]

I figured as much. Not new to trading. But have never done forex. Mostly crypto futures

[proper compass]

Holy crap. Bullish candle with a long wick

[summer wedge]

cheers mate, downloading now

[leaden flower]

I tested from 12 sep to 22 sep it was around 444 pips on gold

[jovial yarrow]

I'd settle for 1/4 of that. What kind of lot size or capital do you put up for those rates of return?

[gusty mango]

Sick

[proper compass]

First reversal condition cleared. Closed above the tracer

[gusty mango]

Ill send you the sheets when I’m done so you can add it to the presentation

[proper compass]

Now just need it to have a bullish MM

[proper compass]

Are you compiling strategies?

[worn hatch]

its still on a sell zone

[gusty mango]

Im checking it all out

Find it fun

[leaden flower]

@worn hatch u checked?

[gusty mango]

Backtestinf is also fun

[proper compass]

Still have that 1800 alert on. I think we might break it

[icy wraith]

Lol. Fkn hell, looks like we're going up

[summer wedge]

who took the long

[proper compass]

Today was a waiting game rather than a trading game. We still haven't cleared that 1790 to 1800 range though

What was this pattern called again? Too lazy to check

[modern lava]

Hello, does anyone know of an indicator that marks high impact news on the chart?

[gusty mango]

Doesn’t TradingView do that itself?

[proper compass]

We just have to break the OB on 15 min and Tracer on 1H and we good to go

[modern lava]

mean a little more eye-catching

[leaden flower]

Its the one

[proper compass]

Alright, I got all the indicators. Will be testing this next week

[icy wraith]

All in on XAU

Maybe

[proper compass]

If this 15 min candle closes with a CHOCH, I'm good to go

[icy wraith]

Same

Preferably a CHoCH above 1800

Same

👀

[proper compass]

10 min to candle close. Coincidentally, the 15 min OB and 1H tracer are on the same level. 1800 is the price to break

[icy wraith]

Look at the Lux prediction

😬

[gusty mango]

Wonder how accurate these are

[icy wraith]

No clue. I’m curious

[gusty mango]

Backtest time? 😩

[proper compass]

6 min to candle close. Higher volatility, green CHOCH, Green tracer

[proper compass]

If we don't break the 1H Tracer, then this might definitely be the scenario

[proper compass]

Switched to 1H for this

[proper compass]

Already reversing lol

[gusty mango]

Lux echo is bullish on the 1hr 😂

[icy wraith]

Haha yeah I was about to say the same

[proper compass]

A few seconds to candle close

[gusty mango]

Urs is different then mine

[icy wraith]

You entering on 15m close or waiting

[modern lava]

Thank you!😜

[proper compass]

Placed a buy stop above the 1H tracer

This is so tense lol

[icy wraith]

Yup

Regardless the 1H candle is super bullish

[proper compass]

Did everything I could. Now gotta concentrate on work

[icy wraith]

Haha I didn’t go in today

Snow and ice. -24F with 30mph wind

[torn lotus]

Rainy here

[worn hatch]

its nice but spare me sometime will update you shortly

double check with Jav to after his trades are over

[proper compass]

1H resistance is the only thing left

[echo kiln]

Bravo, good job, actually, it's very VERY good find you have. Will add it to my template. Keep it up. LOVE IT 🍇 🔥 💯

[proper compass]

Ooh yes baby

[icy wraith]

Would you guys have done anything diffrent here? SL, entry, confirmations, sessions…?

Cause i lost 3 trades on a row with this ticker so i ligth need some advice😎

[drifting moth]

Hello every one I’m a new kid lol

[icy wraith]

Welcome bro

[proper compass]

Resistance rejected multiple times. I see no issue here

[proper compass]

Hello new kid

Sort of like a teenager if we're talking ages in terms of Lux Algo

[icy wraith]

@proper compass would you many put the take profit at the green or red FVP point?

[worn hatch]

start from here #📈must-watch #🧠core-lessons 🙂

[drifting moth]

@proper compass hello man lol I’m here to learn and make new friends and have a good time

[worn hatch]

and then we shall help you in your needs in FX @drifting moth 🙂

[proper compass]

Today was a ranging day. I think the best trade was a quick entry then close if you're profitable

[proper compass]

In here, there are no dumb questions. Fill the chart with as many as you need

Unless we're talking about the World Cup. Very sensitive topic

Gold failed to break the Tracer resistance. Might as well close the trade and start afresh next year

[native mirage]

Question about trigger order is this engulfing? You mean on break ? Thank you for sharing

[leaden flower]

Entry if the next candle break trigger candle high.

[icy wraith]

LESSGO

Early close

[proper compass]

Nice. If we're all in profit we might become market makers lol

In like 10 years

[icy wraith]

🤪

True tho

[proper compass]

@leaden flower saw a potential long that doesn't fit all the details. No bull power bars but still had a buy with blue Advanced Oscillator bar. Does this occur often?

[leaden flower]

Not too often
But I took trade with 1:1 if histogram is above 70
What I've seen is if there is no bull or bear power price ranges

[proper compass]

I see. So BBPT is the filter for good trades

[leaden flower]

Yea basically I started with only BBPT it itself is so powerful & profitable in backtesting
I added histogram to increase winrate

Histogram eliminates many loosing trades but yeah many winners are also left behind

[proper compass]

Also on your document, I see you added stochastic. Was it a mistake or is it an extra condition for shorts?

[leaden flower]

It was just for more confluence bt i removed it

[proper compass]

The important thing is that the filter eliminates more losing trades. It's a very good indicator

[leaden flower]

Yeah

[proper compass]

@leaden flower this is a good strat. Has a trigger, filter, and additional confluence. It's also 3 indicators, what everyone should be using max. Very nice work 🤝

Now it just needs a backtest and live test

[tawny sandal]

So you need to wait for the next candle to close to see if it closes above the signal trigger candle? (For long)

[icy wraith]

Histogram? Me neva heard of

[proper compass]

It's a part of the Lux Algo Oscillator.

[leaden flower]

Also I've not tested a lot but I also open jav start in sideways to see if it's also in the same way or not.

[neat swift]

Hey anyone here Can tell me Any Strategy u use for trading?

[leaden flower]

Nope we enter as soon as the next candle break the trigger candle
Basically were just trying to catch the momentum so waiting for the next candle to close make RR bad

[proper compass]

So sad that I'm busy. I would've definitely started a live test for this

I especially like the BBPT that I added it to my favorites

[icy wraith]

@proper compass you think the back to back is possible?

[leaden flower]

One more thing I've observed The most losses are in ranging market so adding jav strat eliminates those.

[tawny sandal]

Clear 👌

[coarse fulcrum]

@tawny sandal has earned the Lux Ultimate role!

<@!996948501072199753> just levelled up

Welcome to the Lux Ultimate role! Thank you for being an active member of the Lux Algo community <3

[proper compass]

It's a range, so maybe? But you prob shouldn't take a trade when it's so close to end of week market

[tawny sandal]

Which part do you use the most with your strat? The advanced 70 - 30 rule or the BOS or CHoCH rule?

[proper compass]

Ranging markets are def absolutely the worst. Good for MMs but bad for retail. That's why I always insist people use a filter, like volume or volatility. Your BBPT indicator def looks like a volatility indicator, which is good

[leaden flower]

Signal +BBPT are primary for any trade
Rest all for more confluence and to decide TP
Histogram doesn't need to be above 70-30 it just to be in our favour

[proper compass]

Ongoing market on EURUSD. Everything was right except the histogram on Advanced. Def looks ranging. A good filter

I think you should keep the Advanced Oscillator

[leaden flower]

Yeah it eliminates many loosers

[proper compass]

Unless you're aiming for a few pips, then the Advanced isn't that necessary 🤔

[leaden flower]

Basically it doesn't meet all criteria i don't think the triggered candle body is more than 5 pips

[proper compass]

I think this has some potential for quick 2-3 pip scalps.

[modern lava]

Thank You very much @leaden flower 👏🏻👏🏻👏🏻👏🏻

[leaden flower]

Nothing less than 5 😁
It's the way I filter my trades

[proper compass]

It's a good strategy. Very nice seeing people mix Lux and non-Lux indicators. 🤝

[terse haven]

@leaden flower I love ur strat bro Imma play with it and test it

[tawny sandal]

What's your bottom indicator for?

[terse haven]

What y’all think about this .5 rejection on gold ?

[manic flower]

Anybody got any tips for scalpers? With the algo? Optimize settings?

Just purchase it yesterday

[proper compass]

Disappointing. Made me close my long anticipated buy

[wide knot]

@terse haven I closed $150 in 4 trades .. in myfxf.. in morning $650 need to get more

[proper compass]

Try short term auto pilot settings or a scalper setting

[leaden flower]

@gusty mango is testing hope the results came in favour 🥺🥺
Btw thanxx for appreciating 😁😁

[wide knot]

Do I have to complete in 8 days

For 1st phase

[icy wraith]

https://tenor.com/view/pump-and-dump-pump-n-dump-stonks-gif-22188198

[terse haven]

Lol I’m just asking because it could be a potential short or a good TP level if long from the bottom

[terse haven]

In 5 days

You go to phase 2 if you pass

[wide knot]

Ohh but it’s Saturday and Sunday .. does that count

[terse haven]

Once you hit your profit target , if you hit profit before the 5 days do not trade a full size trade , just open micro lots during the rest of the days

[wide knot]

@terse haven any good chart to look 👀 for now for potential profits

?

[terse haven]

Saturday doesn’t count but Sunday market open does

[wide knot]

Ok ✅

[proper compass]

There's still a lot of volatility in this region. 15 min is trynna crack Tracer and 1 hour has held below its tracer

Might def be a good short

[terse haven]

Already in it since 1802 , on that rejection , I still believe in retesting support before moving forward, maybe back to 1792 retest

[proper compass]

It's on that 1H trendline so it's def possible. Plus this push upwards had a lot of volatility but still failed to break. If we successfully test support today, next week will be looking for a long setup

Since people will think that we want to break support but we hold it

[toxic robin]

Added 8/21 EMA to strat. Seems to be working nicely.

[wide knot]

@terse haven if I fail do I need to pay 💰 another time the same amount ( 4 days )

[terse haven]

If you fail you have to buy again and restart from day 1 phase 1

[worldly goblet]

Have you got this strat me where to share?

[proper vector]

The last 3-4 days nearly every trade went wrong…🙈

[leaden flower]

@worldly goblet .

[worldly goblet]

Thanks man 😁

[proper compass]

Now I also have to design a cool name for my strat

[proper vector]

All indicators were right, but the market went the other way

[leaden flower]

I copied from @echo kiln

[proper compass]

Yosh. I'll call mine the golddigger

[manic flower]

Does the strat work on indices?

[leaden flower]

It's a new baby without any modification & a lot of backtesting
You can backtest & if it works ping us 😁

[terse haven]

https://tenor.com/view/hi-hello-there-hello-sup-swag-gif-17652416

@tardy berry

[manic flower]

😎😎😎

I'll give it a shot

[proper vector]

I don’t trust these indicators or strategy, it’s all luck…

[terse haven]

If you trade by luck than idk what your doing here , everyone is putting their hard work to give out ideas so if it doesn’t work for you instead of criticizing why don’t you provide a solution, or value

I make money with my strat and it’s not luck

[gusty mango]

we beefin in the forex chat

[gusty mango]

letsgooooooo

[worldly goblet]

Having the indies all lined up correctly but executing in a sideways market will rekd your trade. Choppy consolidation markets like the one just before Christmas where there is no volume will also rekd you. You can’t blame the indies, you need to work with them. If indies worked 100% without our input then everyone would be trading them and making money but they don’t, they still need us to manage when we buy and sell.

[terse haven]

Lol I’m chill just spitting facts he doesn’t trust the indicators then feel free to go

[ruby willow]

https://tenor.com/view/hello-bear-gif-26390359

[ruby willow]

Scalping forever ,at any conditions🙃

[terse haven]

What’s up @ruby willow how’s your day

[ruby willow]

All good,saw your small profit,and how i guess you are fine as well.

[terse haven]

That’s good bro 😎

[ruby willow]

didn't trade much,do not fill much confidence ,so just chilling with small profit..

[terse haven]

What trades are u in

[ruby willow]

start use some volume indicator + your strat ,on 1min perfect entry

[ruby willow]

USDCAD only bro

[terse haven]

Nice , Danm usdcad chart looks nice

[ruby willow]

check this one ,it is awesome

[terse haven]

I’ll check it out thanks

[ruby willow]

i use last long,i just scalp 10 pips ,at begin and like usual close,and it is just keep going.. closed because downtrend,and crazy friday.

so missed some more pips...

Not remember ,someone here adviced this indicator, so I am so thanks for it.

[unborn wing]

Thats very kind @leaden flower , thank you for posting

[terse haven]

@ruby willow what matters is catching those pips, u doing great bro

[terse haven]

Nice trade 🎯

[ruby willow]

Thanks,thought same way...

even 1k per day it is still 20k per month 240k per year. right?🙂

[terse haven]

Exactly , it’ll stack up while you also improve so it only gets better

[proper compass]

Wow, very lucky trade. Look at all the luck you're using bro. Definitely 1 billion percent luck lol

[gusty mango]

man just shakes his eight ball

hahahahah

whats that ball called

where you ask something and then shake it

[terse haven]

Lol 🔮 I read The future

[proper compass]

Holy Crap! Idea Time! Since everyone's naming their strategies, you ahould call yours the Lucky 8 strat

[proper compass]

Bro, I will sell my kidney for this ball

[ruby willow]

Every time I say to myself,do not close trade just move sl close to some spot ,and just wait,but closing it once price reach 10pips. need to improve entry spot,to start practice it on next year. And if right spot ,structure start change from small tf to higher ...

[proper compass]

At least you're proactively finding flaws and debating ways to improve

An OB just formed below 1795

Acting as support from previous OB

[icy wraith]

Gold bounce was nice

[toxic robin]

Thx man. Working on risk. Quality trades and being consistent.

[manic flower]

@terse haven what's your strat? If you don't mind me asking.

[icy wraith]

https://cdn.discordapp.com/attachments/820503524210507786/1051212756583456780/Lux_Algo_Strategy_by_Javielitox_2.pdf

[proper compass]

Gold been bouncing all day long

[icy wraith]

https://tenor.com/view/epex-epex-welcome2house-epex-cute-epex-yewang-yewang-gif-24934932

[proper compass]

Good thing I expected it. Closed at a 10 pip profit

Not ideal but not bad either

[manic flower]

Thank you thank you guys, I'll shall try it 😎

[terse haven]

@manic flower here’s the updated

[icy wraith]

Profit is profit. I closed my short from 1801 at 1796 🫣 too early

[neat swift]

Pls check dm bro once

[icy wraith]

Like THE updated version?

[proper compass]

Today was not a good day to trade anyway. At least it didn't hit stop loss lol

I'll take 1 pip then 200 next week than just stubbornly hold to a losing trade

[terse haven]

Not the new version but the one Kingfisher shared is old

[icy wraith]

YeH haha I’ll take 50 pips

[icy wraith]

Ohhh gotcha haha thanks bro

[leaden flower]

Good night everyone 🌃 12:40am 😴😴

[terse haven]

Good night bro stay safe

[icy wraith]

Decent scalps today in the chop

[terse haven]

New account?

[torn lotus]

well done!

[ruby willow]

Most traders said DXY will hit 120 by end of year,but looks like after last rate in January ,it will fly to the bottom.

[icy wraith]

Yeah hah funded

Just got this one funded yesterday

[torn lotus]

congrats

[ruby willow]

Oki doki boiz ,I am done for today. Have a good weekends ,stay safe !

[torn lotus]

i got an MFF account today and will start trading it in January. just went ahead with getting it already because of the extra 12 days you get if you book it end of year 😄

[icy wraith]

https://tenor.com/view/be-safe-kenan-thompson-al-sharpton-saturday-night-live-stay-safe-gif-16694770

[icy wraith]

Haha nice.
Slow and steady. You got this bro 🔥

What is everyone’s spread on gold right now?

[torn lotus]

0.1

[gusty mango]

just finished backtesting novas strat

EUR usd and usdchf

from 1st of nov

to today

EURUSD was tested 1:2 and came back with 23% increase on bankroll

max drawdown 4%

assuming you always risk 100 dollars

on every trade

on a 10k acc

USDCHF was tested 1;1

11% increase on bankroll

max drawdown 3%

assuming you risk 100 dollars exactly on each trade

those 2 combined meant if you took every correct entry in the last just under 2 months

a 34% increase in bankroll would be gotte

gotten

assuming the strat performs worse on other months

lets say 15% on eur usd

and 7 on usdchf

it would mean a 146% increase in bankroll

on just those 2 pairs

[icy wraith]

Damn. What was his strat? I missed it

[proper compass]

Sadly, 0.2

[tawny sandal]

#💱forex-chat message

[icy wraith]

ThNks bro

[proper compass]

2 more days to holiday. Hang in there bro

[icy wraith]

Does the candle need to be green/red? Sometimes buy/sells print on purple

[gusty mango]

He doesnt have any conditions regardign the candle to my knowledge

only that the body needs to consist of minimum 5 pips

gold 8% increase over 2 months

now im doen

done

for today

more backtesting tomorrow

[icy wraith]

Damn. Seems pretty good.

We need someone to build a bot 😂

[zealous jetty]

Do you guys use the charts

Or just wait for signals?

[icy wraith]

Some of us use the signals as extra confluence. Some of us turn them off

[zealous jetty]

What do you mean by confluence ?

[worn hatch]

extra confirmation during trades and Vol - Off News and during News

[zealous jetty]

Ohh ok

I have been only using the signals i get from the bot and did me well for the past 2 months

Could i be missing out on extra gains if i had used the charts with it too

[proper compass]

Specifically a bot that works with Tradingview indicators, a 3commas for forex, commodities, and indices

[proper compass]

Already using the BA Volatility indicator.

[worn hatch]

super simple one @zealous jetty

[zealous jetty]

Thanks for the help

[worn hatch]

It's good to see the Volumes during on and off news trades

Thanks for sharing 😀 @proper compass

[proper compass]

Definitely. And if you noticed, bars that are yellow, orange, and red highlight very high movement

[terse haven]

Hope everyone had a good trading day today and have a great weekend

[echo kiln]

OK let me say this, when you are winning with LUX indicators, your happy and post your wins. But when you lose, this is gambling and luck. I AGREE with you, that YOU are gambling. You cant get your funded acct off the ground, your looking for a discount code for TV....your asking basic questions that a new trader asks, nothing wrong with that as I've been there. BUT, you are not ready to trade live yet, study, paper trade, and then study. What your doing, then yes, your trying your luck. Just dont crap on Lux Algo or the strats that have been graciously shared in the room. If there is nothing nice to say about your gambling, then scroll on by, just dont crap on the ones that are helping you here by providing suggestions and answering your questions here.

[tawny sandal]

Agree 100%

This is like pathetic... no one asked anybody to use any kind of strategy... If something is not working for you, you either try to learn more from others and your mistakes, or you stop using it...

And if the strategy is working for a lot of people, maybe you are the problem or maybe trading is not for you...

[echo kiln]

Is this basic LuxPremium chart gambling? is it luck? OR are you looking in the wrong places at the wrong time? smh 🫳 I bet your wondering what symbol/asset/pair is this? This trend occurs more often than not, if YOU study and do the homework and find that right asset for you. Oh well.....

[gusty mango]

Just backtested some of ur Strat on eur usd

15 trades starting 17th of nov

11,4%

Also made me realise the mistakes I made

I was taking entry’s way to far from the OB’s

Too horny to trade

Better to late the perfect entry’s come and the win rate shoots up

[echo kiln]

good job, so now you know the start is good, right?

[sullen hamlet]

Micky, why is your screen coloured like this?

[proper compass]

It's a sessions indicator

Or might a sessions setting, not necessarily indicator

[sullen hamlet]

Ah, like Tokyo, NY?

[coarse fulcrum]

@sullen hamlet has earned the Lux Level 2 role!

<@!865249765309284354> just levelled up

Welcome to the Lux Level 2 role! Thank you for being an active member of the Lux Algo community <3

[proper compass]

Yes. There's instruments that are better in specific sessions

[sullen hamlet]

Oh
Which are better for London and NY, for example?
I thought, that there is no difference in instruments strategy depending on session
I was thinking, it depends on what market is at the moment, like ranging or trend

[azure minnow]

I think it was a screenshot to explain the LuxAlgo works. It wasn't a part of any strat.

[proper compass]

For example, EURUSD is good on both London and New York. It ranges on the Sydney and Tokyo markets and trends on EU and NY

[proper compass]

There's many sessions indicators on Tradingview. Like here's just a random one I added right now

Obviously not the same as Micky's but they all function the same

[sullen hamlet]

I'm curious, what is market for USDJPY
Like in US session it is downtrend and JP session is uptrend usually?

Vice versa*

[proper compass]

Can't completely say which one. You have to check the chat a few dozen times before you have a general idea. For example, I know XAU trades well on London and NY because I've spent rime with it.

And also, I only trade gold so I only have a basic idea of the other pairs

[sullen hamlet]

Why do trade only XAU? What made you choose it?

[echo kiln]

I have the background colored to the different fx sessions. So I only concentrate on the London/NY over lap which is the brown color background. Try the Lux Sessions version, its pretty good too, give you trend lines, mean vwap, vol...etc

[proper compass]

It moves pretty well in the NY session, which I'm only available to trade at. Also, a few dollars in movement makes for good profit. For every dollar movement you get 10 pips on gold

[sullen hamlet]

What is mean and vwap?

[echo kiln]

OHHHHH my friend, this is a real thing, different pairs move different during sessions. Your strat may work during Asia session, but may not work on London. You have to find and adjust your strategy accordingly. And the spread fee's will be different for sure.....

[sullen hamlet]

So it is better to try backtest on every session and to divide it or to combine sessions to see the result?🤔

[echo kiln]

https://www.tradingview.com/script/bkb6vZDz-Sessions-LUX/

[echo kiln]

For me, and my personal time during the day, the Lon/NY times works for my schedule, so I will concentrate, study and adjust my strat according to this session. Because there is NO way I can look for setups 24/7, that would be insane, unhealthy and just nuts.

Other sessions are just as good, but with my time zone and personal schedule, Lon/NY works best for me

[sullen hamlet]

Yeah, I also live in Europe, so I can choose Sydney or Tokyo lol

Can't*

[proper compass]

And also impossible. Humans can't operate over 16 hours without rest

[echo kiln]

Oh yeah, the world is your oyster 👍

[proper compass]

An year ago, I went a full 30 hours without sleep. Spend the next 16 hours passed out

[sullen hamlet]

The worst is that you can't fully operate for next several days, for me
I felt like in a fog when I had some no-sleep days

[echo kiln]

but you got your net 5pips during this time, right? 😹

[proper compass]

Exactly. Trading should be a 8-hour thing at the very most

[sullen hamlet]

Fortunately it wasn't connected with trading, but with university 😂

[echo kiln]

You better passed that exam, right?

[sullen hamlet]

In my situation I had to write more than 20 home projects in 4-5 days, because I was procrastinating during the semester 😂
Also it was remote learning(fuck covid), so that's why I had it

[proper compass]

Alright, time to hibernate. Goodnight lads and lasses

[sullen hamlet]

It was normal to wake up, turn on a lesson and go sleep

[sullen hamlet]

Good night 💤

[echo kiln]

#💱forex-chat message

Posted yesterday about session times....

[icy wraith]

You might be interested in taking a look at DR/IDR, it is designed for the session you are trading.

[echo kiln]

yes, its an interesting concept......I have looked into that, ill take a look some more. You profitable with this? I know someone here is doing good with it too.....

[icy wraith]

Havent tried it yet. Only found it a couple of days ago and still trying to get my head around it. I'm busy with some other stuff at the moment so not having much time to backtest etc.

I want to see if I can use it in the other sessions being as I am in Thailand.

[gusty mango]

Morning

I have the worst hangover

I have ever had

[torn lotus]

😂

[worn hatch]

Morning Fam ☕

[torn lotus]

morning

[gusty mango]

I wanted to do more backtestinf today, the only thing I’m testing is how soft my bed

[torn lotus]

better go for a run 🏃

[gusty mango]

No thankyou

[icy wraith]

not going to trade bitcoin, so migth as Well pretend like i wanted for this day all year

[proper compass]

Crypto's been a shit show this last quarter. Even made me switch to gold lol

[icy wraith]

Well merry closed markets my guys…

[proper compass]

Next week will def be a good time to crazy test the strat and see ways to improve it

Thought I could add a volume indicator but it just created conflict with the volatility one

[icy wraith]

Now we talking

[leaden flower]

http://in.tradingview.com/chart/3PQNdAGr/?symbol=FX%3AEURUSD

Backtest from 1 dec to 23 dec

On eur usd

Net profit : 356 pips.

Have marked all setups on chart.

@gusty mango @worn hatch @echo kiln @proper compass @terse haven @summer wedge
Plz check

[proper compass]

Looks very comprehensive. Nice work

[proper compass]

Did you also include the consideration for time zones?

[leaden flower]

No.

[proper compass]

I wonder how the performance would be if you included Lon and NY only 🤔

But 300 pips in a month is very 👍

[leaden flower]

Pinpointed everypoint on chart
Plz watch from 23 to 1 as I've tested backwards & most pointed in that way why I've taken trade & why u haven't

[leaden flower]

I'll backtest oct month considering this .

[gusty mango]

backtesting javs strat

this is without risk management

tho good to see that even without risk management taking proper entries would not get you below 5% daily drawdown

this is al 1 lot

1;1

i only go off 1;1 if we are close to a PDH-PWH ez

but i still thought it would move up/down

[gusty mango]

@terse haven

i did add one extra condition for myself

props to @tawny sandal

stoch RSI no gaps on the 1hr timeframe

i only take the trade if the stoch rsi is moving in my bias direction

[proper compass]

That's a lot of work

[gusty mango]

testing further there would be 2 trades in a row where you would go down 5%

if not using proper risk management

[worldly goblet]

Amazing. Is this just in gold? Over how many days?

[gusty mango]

im now doing GBPUSD

i was doing EURUSD

but tradingview crashed

and i was too lazy to find where i left of

[worldly goblet]

Lol over how many days was this?

[gusty mango]

eh

where did i star

october 15th

i think

[worldly goblet]

Sweet! Thanks for sharing 🙂

[gusty mango]

this is taking comission into acount

not spread

[gusty mango]

This is btw the trades that I would personally take

Means that it’s very likely some of them shouldn’t be taken and could v been a loss

[modern lava]

Great job @gusty mango

[modern lava]

Thank you a lot!

[icy wraith]

@gusty mango our hero

[gusty mango]

Taking a break now

Will finish gbpusd later

And move to usdchf

[crystal pivot]

Wow I’m just reading on funded accounts right now….is it really that simple? Long as you have a consistent winning strategy with little drawdown you can potentially start making bank using a 100k account?

[gusty mango]

At the basics

Yes

[crystal pivot]

That’s insane…

[gusty mango]

Tho I would like to add the side not less then 1% of people make it to their first payout

[crystal pivot]

Lol damn

Well I read the rules and I think I can do it. My account was at $240 3 weeks ago now at $700

Risking 3%

Obviously though I would only risk 1% with their challenge

[gusty mango]

You will not be allowed to lose more then 5% on a day

[crystal pivot]

Yeah

[gusty mango]

12% in total in MFF that is

[crystal pivot]

I’d stick to 1%

[gusty mango]

So on a 100k acc I would personally stick to 3-5 lots

[crystal pivot]

And they would really pay 70% profits of that week

That’s wild

[gusty mango]

At the start

Moves up to 85-90

[crystal pivot]

Damn

[gusty mango]

Sick dogs btw

Those yours?

[crystal pivot]

Thanks yea

[gusty mango]

Lit

Big dog lover here

[icy wraith]

Yeah it’s not as easy as it seems haha like Nicky said only 1% of people make it to their first payout. A lot of people fail it once or twice.

But yeah if you make money they make money. So they want you to succeed

[gusty mango]

They legit have to do nothing

[crystal pivot]

Yeah wow that’s insane I should start working on that instead of just trading my small ass account lol

[gusty mango]

You pay a fee anyway

And trade on a demo for the first 2 phases

If you make it to payout one chances are big you will be able to continue all the months

Free money for prop firms

[crystal pivot]

That’s crazy so our life can change in just a months time

Lol

Sounds like funded is the way to go if you know what you’re doing

[gusty mango]

Im not sure about the fees for a 100k acc

700-800

I guess

[crystal pivot]

On this website I’m checking it was $600 for 100k account

[icy wraith]

499$ for $100,000

[crystal pivot]

That’s nothing lol

[icy wraith]

And if you make it to your first pay out they refund it

[crystal pivot]

Yeah

[coarse fulcrum]

@crystal pivot has earned the Lux Ultimate role!

<@!417499124259356674> just levelled up

Welcome to the Lux Ultimate role! Thank you for being an active member of the Lux Algo community <3

[crystal pivot]

Why the hell haven’t I been focused on this 🤦‍♂️

[gusty mango]

Gonna finish this episode of my show and continue backtesting

[gusty mango]

What’s your strategy?

[crystal pivot]

Lol ok

[worn hatch]

@crystal pivot don't get too excited with funded accounts ... try with 10k funded account and see if you succeed ✨️

[crystal pivot]

Breakout strategy on 1 min tf

I’ve been doing really good on my personal account

[gusty mango]

You got some examples of trades?

[crystal pivot]

Yeah

You wanna see?

[gusty mango]

Always eager to see new starts

[crystal pivot]

Ok sec lemme find

[gusty mango]

Strats*

[crystal pivot]

Sorry I haven’t taken pics in a while lol

But I wait for breakout and retests

[gusty mango]

Nice

What ma’s are these?

[crystal pivot]

My favorite is consolidation breakouts but lately there hasn’t been much so I also do triangle breakouts too

50 and 200

Lemme find a set up I took other day

[icy wraith]

Be careful on pattern breakouts. Sometimes they are SMTs

[crystal pivot]

What’s that mean?

[icy wraith]

But good job nonetheless

[icy wraith]

Smart Money Traps

[crystal pivot]

Ahhh ok

[crystal pivot]

This is another trade I took on friday

[gusty mango]

Do you make those triangles yourself

Or is that an indicator

[crystal pivot]

Yeah I make them

[gusty mango]

Baller

My Strat is still better

Wanna know ?

[crystal pivot]

Lol sure

[gusty mango]

Okey

Super simple

https://flipsimu.com/

Heads is long tails is short

Easy

[terse haven]

Do you really do this 😅?

Good morning fam

Nice backtest @gusty mango and @leaden flower 💎

[gusty mango]

No ofcourse not

😂

[crystal pivot]

lol

Idk I'm finding that relying on simple price action, SR, and patterns I'm becoming a better trader and actually getting consistent profits

I also use MA but dont feel the need for oscillators anymore

This obviously takes more analyzing but its worth it I think

[icy wraith]

That’s awesome man. Whatever works for you and is printing profits is all that matters 🔥

[crystal pivot]

Thanks I'm definitely going to do the funded challenge very soon

[torn lotus]

morning

[icy wraith]

It’s a good time to sign up. A lot of places are doing specials for Christmas

[torn lotus]

MFF gives 42 days for the first stage if you sign up until end of year

way too long but still relaxing to know you have the time 😄

[crystal pivot]

Heres another trade i took

Just wait for retest

and also I follow MA

[crystal pivot]

Yea I'll check it out soon

[crystal pivot]

Damn ok lol

[leaden flower]

I'm kinda confused between rapid & standard challenge
Any suggestion??

[crystal pivot]

The website I found says for stage one, I need Profit of 10% in 30 days Min trading days: 10

So does this mean i can finish the stage one challenge in 10 days?

[icy wraith]

Yes

[crystal pivot]

Ok cool, thanks

[icy wraith]

I use funded trading plus- great prices with no minimum/maximum trading days

Idk if I’m allowed to post links so I deleted it haha

Eightcap is their broker

[crystal pivot]

Thanks 👍🏻

[torn lotus]

with rapid you get a fixed % of the profits you generate from day one. with standard (evaluation) if you pass the challenge and get funded you get 75-85% of your profits

the fixed % in rapid is 12%

I'd go for evaluation if you think you can achieve it

[crystal pivot]

The website im looking at says max daily loss 5% max overall loss 12% so I would literally have to lose 12 trades in a row to blow the account...

lol

Thats amazing

Extremely unlikely to lose that many in a row

[gusty mango]

tradingview is being a dick

enough backtesting for today

anyway

across the pairs im looking

aslong as you keep strict with your entrys and good RR

you will remain in profit

on al US pairs

[tribal shadow]

@crystal pivot can you send me the indicators that you used?

[spice prawn]

May i know market open at 26dec?

[unborn wing]

Rilliant work @gusty mango

[icy wraith]

Forex pairs will be open - gold oil etc will not open until 27 December

[proper compass]

Whenever you go back significantly in your chart, say two or three months, and you have Lux Algo Premium (the main indicator, not the others) Tradingview hangs. The more backwards you are the more it will hang. Even if you hide the indicator, it will hang. You have to create a template, go back, then remove the indicator and add the template everytime

[proper compass]

One of the reasons backtesting Lux Algo should be an achievement

[sullen hamlet]

Hi
I was reading here about someone opening funded accounts and founded some info about it in google and I have a question
What happens, if you lose the money?
On the internet it was said that you don't risk your own money, but you manage third party money
How does it actually work???

[gusty mango]

You get funded

you go through challenges

and if you pas all those

you get payed a profit split

basically

[icy wraith]

You pay a fee to open. They only allow a certain % of drawdown. If you hit that drawdon your account gets closed

[gusty mango]

company gives you money

to trade with

if you lose too much

they kick you off

[sullen hamlet]

What do you mean by "kick you off"

[gusty mango]

You are no longer allowed to trade

on that account

you would have to restart the challenge program

which you pay a fee for

[sullen hamlet]

But you don't get extra charged?
I've seen, that for 100k account fee is 600$
So for 10k it would be like 100$?

[gusty mango]

for 10k its 79 dollars

at MFF

you dont get extra charged no

you pay that 79

everytime you fail to meet their criteria

you have to restart and pay that 79 again

[proper compass]

Aah I see, so that's why Jav has a FTMO account

[gusty mango]

isnt jav also on MFF

MFF is cheaper

and their challenge is easier laos

also

[sullen hamlet]

For example, I get 10k funded account and I have 15% profit
So I will pay them 79$ before and 750$ profit, isn't it?

[proper compass]

So he played with different accounts to reach that 600k. Bro pulling weight here

[gusty mango]

mans a millionaire

[gusty mango]

you get 70%

of profit

[sullen hamlet]

When jav started forex?

[gusty mango]

'if you pass the challenges

[proper compass]

Oih @terse haven avail yourself, I have questions lol

[gusty mango]

also they refund you the inital fee

on the first payout

[sullen hamlet]

And if I have a challenge min 10% for a month, you can go for the higher funded acc after that month?

[gusty mango]

i think its possible to grow the account

[proper compass]

Well, gotta play with my money first before I try this. If I have a 6 month streak I might try this

[gusty mango]

but its easier to just use your prfoits

profits

to go into a challenge of a higher account

[icy wraith]

Try what 👀

[gusty mango]

im going into a 20k challenge

in jan

full

emotionless

trading

[proper compass]

This "funded" thing. Apparently you can pass a challenge then you're given a real account to trade, you get 80% of the profit

[gusty mango]

If you go full baller

[icy wraith]

I figured you were funded

[gusty mango]

you can use that website

i forgot the name

it connects your mt5-mt4 accounts

to auto copy trades

[icy wraith]

Social trader tools

[gusty mango]

thats the one

baller

[proper compass]

Will first build a strat for 6 months, try a 10k account for 3 months, then maybe go for a 100k

[proper compass]

Haha no way bro. I thought funded was like a term for using real money. Just learning this crap now

[icy wraith]

Ohhh lol

[sullen hamlet]

Do you guys trade using candlestick patterns in forex?
In crypto, at least, when I was trying to use it it didn't work

[proper compass]

Need a lot of research on this. Like good accounts that won't be bothering you on withdrawals. Also, if you can withdraw in crypto since I know 1 billion percent that if my account suddenly jumps to 250k I'll def be getting calls

[gusty mango]

A lot of people tho

Forex rules tend to not always apply to crypto

A lot of outside factors

EUR/usd won’t decrease by 70% in less then a year 😂

Alot of people that trade forex studied forex

Alot of people that trade crypto are in it because it’s crypto hype

They don’t watch candle sticks/ patterns etc

[proper compass]

Take it from someone that has tried crypto on multiple occasions. It's shit to trade. If you're buying and holding, not too bad since you don't expect profits in like 3 or 4 years