💱forex-chat

[proper compass]

When I came to Lux Algo, there were some heavyweights in the crypto chat. Barely see them trade now except for one guy that has mastered this market

[gusty mango]

Meh I stay out of crypto

People killed themselves during the LUNA debacle

[icy wraith]

Funded trading plus is what I use. You can withdrawal to crypto

I withdrawal to Usdt

[gusty mango]

Just because one guy ran with money

[sullen hamlet]

I know one guy who had 300k in usdc

Rip

[gusty mango]

If you can master crypto market forex should be a piece of cake for him

[proper compass]

90% profit, not too bad. Have you ever withdrawn?

[gusty mango]

In any case I would always advice to first learn the basic before you trade in any market

[proper compass]

I was good enough. Infact this strategy I'm using is a slightly edited version that made me decent profits during a short live test

[gusty mango]

Noice

I liked the looks of your Strat

But man

15 min timeframe

Get me out

[sullen hamlet]

Why?

[gusty mango]

I don’t like being in trades long

[proper compass]

Haha, it's too long.

But 15 min is my TF based on my psychology profile. I can't make fast decisions, I need a lot of data and time just to confirm a trade

[gusty mango]

The people that trade 1hr timeframes

Bro

Mental strength of a monk

[proper compass]

My older brother trades 4 hour

[gusty mango]

Mental strength of a general monk

Imagine being in a trade for a week

Jezus

I enter a trade

Close my phone

Open it 30 min later

And either see red or blue

Peaceful

Friend of mine trades with his own funds

[icy wraith]

Yes, no issues

[gusty mango]

Started with like 4K

He has like 450 now

Bank closed his account

Thought he was in drugs

😂😂😂

[proper compass]

This is where I like alternative methods like crypto. You can withdraw everything then sell it slowly as you need. Good thing there's an ongoing digital assets law in my country, soon I might be able to ball peacefully

But 30% tax though. Aaaargh

[gusty mango]

Meh

My country is very strict

Very hard to evade taxes

Luckily forex is not seen as income

Easy

[proper compass]

Imagine spending sleepless nights perfecting your strategy, dealing with the psychological effects of losses and high stake trades, then seeing some old guy in a news article spending your money on girls you should be dating. I feel so bad

[echo kiln]

Because everyone blows accounts? 😹

morning peeps

[unborn wing]

👋

[echo kiln]

https://tenor.com/view/school-boy-friend-math-numbers-gif-24316387

study time

[hardy maple]

Japan has a maximum tax of 55% on crypto(´；ω；`)but forex
is uniformly 20%. Japan is not a good country for crypto trading.

[gusty mango]

😂😂😂

[gusty mango]

55%

Jezus

Idk what the tax on crypto is here

Forex is like 11%

[hardy maple]

yes crazy tax rate

[gusty mango]

We even have people from Japan here

All over the globe in this chat

I’ve been in Japan tho

Sick country

[proper compass]

Damn, and I wanted a Japanese girlfriend

Forex is considered income here so it gets 30%.

[gusty mango]

HAHAHAHAHAHAHHA

mans been watching too much anime

My ex is Japanese

[echo kiln]

👉 Just curious, anyone doing good overall with Jav's strat❓ Or still struggling to make it work❓ Just want to get a general feel for everyone.....

[gusty mango]

That’s a culture shock I’ll tell you that

[gusty mango]

I have been in a loss but that’s purely my own fault for letting my emotions control my trading

[proper compass]

Bro it ain't even the anime 😭😭😭

My friend's older brother got a South Korean girl, very good relationship

I just like Asian culture. The respect, and the collectivism

[hardy maple]

In Japan, a bill to raise financial income tax more than now is being envisioned. It is a good country with good security, but the tax is too high. It is similar to Northern Europe where social security is solid

[proper compass]

Damn, did this happen before or after the last PM got shot?

[gusty mango]

Yeah it’s very different from western culture

[echo kiln]

Thanks for your honesty....

[proper compass]

Yeea. Most Westerners are individualistic

[echo kiln]

But at least you know what not to do or what to do, right?

[gusty mango]

Definitely

My issue was that I WANTED to pass my phase 1

So I started chasing trades

[hardy maple]

Taxes were high even before PM Shinzo Abe's era. However, since PM Abe passed away, the tax increase has progressed further.

[gusty mango]

Half setups etc

[proper compass]

I've been seeing reports about how Japan's inflation and debt are getting more bizarre. But everywhere's getting bizarre anyway

Paying 20% more for the dollar here in Kenya

[gusty mango]

My other ex is South Korean 😂😂😂😂

[echo kiln]

how about you put that prop stuff on the side, you are being pressured to make something happen too quickly. how about just trading your live account with small lots and be selective and take your time?

[proper compass]

I really gotta visit Asian countries when I pull in major mulla

[gusty mango]

I dated them in my country tho

I don’t do long distance

[proper compass]

Now I just gotta learn how to read katakana

[gusty mango]

Duck that

But now I’m already tied for almost 4 years

[proper compass]

Only long distance is money transfers

[gusty mango]

The fun days are over

[gusty mango]

I’m just doing demo now

[hardy maple]

In Japan, a bill to significantly increase the national defense budget was passed just the other day, and the government has turned to further tax increases. The highest income tax rate is 55%. . .

[leaden flower]

Sometimes confused which bos or choch to take looks too good while backtesting but when in real play emotions come in play & hence wrong decisions.
Or even if entering good trade just got out quickly due to lack of confidence

[proper compass]

😂😂😂 that's basically tax inequity. More than half your salary?

[gusty mango]

In real life we are just to eager to pull the trigger, in backtest we let it run

We should trade the way in real life like we would in backtestinf

[leaden flower]

Yeah that's the thing
But it's not that easy 😁 but yeah improved a lot 😁

[hardy maple]

Yes, it's still going down. Previously, Japan's top income tax rate was 70%!

[proper compass]

Also, backtest doesn't consider additional information at the time. Like yesterday's trades, my strat was screaming buy but the resistance called it out as a fake

[echo kiln]

Cool. Here's what I have noticed, from other rooms here in Lux and the markets everyone trades. FX is like a candy store, it's virtually open 24/7 (24/5), so we constantly look for trades around the clock, when volume and volatility can be all messed up with huge spreads, THAT will mess with your order fill FOR SURE. I mentioned this before, maybe concentrate on a specific window of time to trade to look for that 1 or 2 juicy entries, and if it's not there in that window of time, you are done for the day, wait till tomorrow, dont keep staring at the chart looking and placing stupid trades during crappy times. This way, this forces you to concentrate on that juicy set-up, during your specified time. Just what I have observed from the traders that are successful and from those that are struggling....

[echo kiln]

zoom out, maybe look at what the 1H is doing, and take the trades in that direction, at least your tipping the scales in your favor?

OR back to basic, LUX PREMIUM colors with Lux trend visuals, Then add PAC later

[leaden flower]

Yeah even if we know what overall trend is we still get emotional when left some opp dirn winning trades
& Hence controlling emotions seems too thought bt yes working on it & not be too greedy 😁

Basically when we have some winning trades we just waana catch everything up down

[echo kiln]

Then use a smaller lot size so your not freaked out during the trade. So what if your entry goes to 50 pips on your small lot size only making $30, instead of $400, so what, its not about the money NOW, its about that heart beat and the blood pressure 🤣

[echo kiln]

BUT you have your strat, its good!

[leaden flower]

Yeah 🫀🫀🫀🫀🫀🫀

[leaden flower]

Yeah
Watched the setups??

[echo kiln]

yup looks good

10 pips is all you need, slow and steady

[leaden flower]

Traded a lot on demo now it's on real account with small size for a week if everything goes ok I'll increase lot size

[hardy maple]

I'm not good at English, so I use a translation tool to input. I'm sorry if it's a wrong sentence. While deciphering English, I will also try the wonderful strategies of the LUX members. Thank you everyone for giving me a wonderful place to study.

[echo kiln]

This is all I have to say: bull/bear trend histo bars, stay away if you dont see these, as it could be slow chop. Id rather be safe, so wait for the bull/bear trend histo to fire off, near an OB bounce with PAC structure change, then you can ride the wave using Lux Prem colors or PAC structure colors 🤷🏻‍♂️

[echo kiln]

Welcome, glad your here

[sleek void]

@echo kiln are these features not on the monthly sub of 67 dollars?

[echo kiln]

monthly subs comes with everything we use here in FX chat, Lux Prem and Lux PAC

[gusty mango]

I just have my alerts set now

Alert comes up

I check it

If it doesn’t support every single one of my boxes

I don’t go in

[worn hatch]

Entry Martingale Layer to avoid losses

1. Martingale layering entry is a layer with different size lot like in the picture.
2. At first need to choose the lot sizing. For example, there is 200 USD equity in the account, so the lot sizing 0.10 is suitable because it is between low risk & mid risk.
3. When the signal goes out, we will fill 0.10 of our lot sizing by layer. Our first entry is the smallest lot inside 0.10, which is lot 0.01 or 0.02
4. When the price is floating 5/10 pips from the entry price you can add a layer & enlarge a little from the initial amount entered. so enter lot 0.02 or 0.03
5. When the price is floating again 20 pips from the entry price, add more position to complete the lot sizing 0.10 by inserting the last layer with lots larger than the second layer which is lot 0.07 or 0.05
6. So if we hit SL, the loss is a little compared to we insert then lot 0.10 in the place of first entry
7. If we are in profit, our profit is bigger compared to if we choose to enter lot 0.10 directly in the first entry.

[gusty mango]

My conditions now:

1: Histogram
2: trendtracer colour
3 candle above/below tracer
4: stochastic
5: close to OB for entry
6: not nearing another OB
7: trade is moving with trend

I’m also playing around with ADX now

[hardy maple]

I don't know if it helps you, but the Bank of Japan has hinted at further interest rate cap hikes in its policy changes. The other day, the cross-JPY such as USD/JPY was turbulent, but in the near future, there may be another big turmoil in the direction of yen appreciation.

The economic news in Japan is expected to raise interest rates further next year. It may move about 500 pips in an instant like the other day.

[gusty mango]

Does anyone know of an easy indicator to put under the chart to see overal trend on HTF?

Without having to switch charts to get the MA’s

[echo kiln]

@leaden flower Your strat, this is what I have done with it. You can create rules with any good Lux or free indicator: 2 charts, 1st chart are my rules during Lon/NY session ONLY. Thats it. 2nd chart is PAC addition to helping you manage the trade.

GOLD = everyones favorite here apparently

• instead of this bottom oscillator, you can use a nice LUX Prem osc, and just observe how it reacts with the Lux Prem, then create the rules.

Here's with Lux Prem Oscillators, SAME STORY

[leaden flower]

The BBPT IS 🔥🔥🔥🔥

[leaden flower]

Im loving the advance oscillator the most .

[echo kiln]

AND yesterdays Gold action was not easy, you had crazy news and not really trendy as usual, but look at the rules, safe and sound on a slow chop holiday weekend friday

[proper compass]

Also using this OB criteria from Jav. Don't buy if it's approaching an OB below, don't sell if it's approaching an OB above. Only trade if they rebound from these regions

[hardy maple]

Let me ask you a question. Mr.NOVA's strategy is 1h, 4h
Is it okay to challenge with a long TF like ? Do you specialize in 5m or 15m?

I like BBPT, so I'm thinking of backtesting it. I'm wondering from which time frame to backtest.

[proper compass]

His strategy uses a 5 min TF

Man so many people use 5 min TF on here

[echo kiln]

there should be free TV multi tf ma's indicators......

[hardy maple]

thank you. I also like scalping, but lately I've been dealing with 1h transactions because there are fees every time.

[proper compass]

Yeea, if you're scalping you MUST account for fees everytime cause they're more important. If you're swinging or intraday trading, it's much better to just add the swap commission or spread

[echo kiln]

in FX, the fee's are already factored into your trade anyway right? the spreads...

[proper compass]

What was that funded account that Jav uses? Wanna research it

[echo kiln]

unless your broker is charging an addition according to your trading subscrition?

[gusty mango]

I want it under my chart

Not on it

[gusty mango]

Mff

[proper compass]

Like for example, if you wanna make a tight 50 pip profit but your spread is 2 pips (like mine), then your profit should be 52 pips. That's how I meant it

[gusty mango]

300k

[proper compass]

There was another one that starts with F

[gusty mango]

FTMO

the biggest one

[proper compass]

This one. Thanks 👍

[hardy maple]

I think it depends on the securities company you use, but for GBP/JPY, a spread of 2-3 pips is collected every time. With that in mind, until last year I specialized in 1m and 5m scalping, but this year I traded with high TF. However, the number of entries has decreased considerably since the high TF, which is unsatisfactory.

[echo kiln]

try 10 sec chart

👀

[proper compass]

Haha that's another problem with higher TFs. I get like 1 50 pip trade on XAU on my 15 min strat, only NY session and that's it. Done for the day

Pitosecond chart

[worn hatch]

150 pips or 50 pips ?

[gusty mango]

Isn’t 3 spread pips quite a lot

The spreads shown in mt5 isn’t pips

It’s 0.1 pips

[worn hatch]

smaller TF are better ... you sometime get 50-60 pips x 2 in an hour

[gusty mango]

It’s ticks

[echo kiln]

curious, whats your template strat?

[worn hatch]

I use Jav's strats

[gusty mango]

You funded king?

[echo kiln]

100% or some tweak of it?

👑

[hardy maple]

In the 1m5m trade, there were 40-50 entry chances a day, but after changing to 1h, there are days when there are no entry chances for a day.

[worn hatch]

I start from end of Asian market to UK market and then I end with US market

[worn hatch]

nahh not yet ... funds of my own

[echo kiln]

👑 🐟

(trolling)

[worn hatch]

I live in the middle east so i get 2 main markets from 9 am to 5 pm at work while my boss support as long as I get his job done 😛

[hardy maple]

I don't think it varies by country. GBP/JPY is taken at least 1 pips even at the cheapest company among Japanese securities companies.

[gusty mango]

Oh yeah I only trade usd pairs

[hardy maple]

Yes, usd pairs have lower spreads. However, I wanted high volatility when scalping, so I often trade GBP/JPY.

[coarse fulcrum]

@hardy maple has earned the Lux Level 1 role!

<@!988063535634473020> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[hardy maple]

By the way, GBP/JPY is called a murder currency in Japan because of its intense volatility🤣

[gusty mango]

Where in Japan do you live brother?

[hardy maple]

This is Shinjuku in Tokyo.

A cold wave is coming in Tokyo and it is very cold. 2°C now.

[gusty mango]

I should be visiting Tokyo next year or year after

Depends on work

[worn hatch]

Which month is good to travel in Japan ?

and which state/city is better for tourism ?

[hardy maple]

I hope it's not winter. After spring, it becomes warm and easy to spend. Cherry blossoms bloom all over Japan in spring, so it is recommended.

[hardy maple]

Spring or autumn is recommended. However, since Japan is vertically long, the temperature is low in Hokkaido and high in Okinawa, so it depends on the area you go to. Okinawa is a resort area similar to Hawaii.

[gusty mango]

It’s too expensive in cherry blossom season 😂😂

[hardy maple]

Travelers love Tokyo, Kyoto, Osaka, Hokkaido, and Okinawa. Kyoto was the capital of Japan before Tokyo became the capital. Since Kyoto was the capital in 794 AD, there are still buildings such as temples and shrines from that time.

[worn hatch]

something nice to hear about!

[hardy maple]

In spring, the cherry blossoms are in full bloom in Tokyo, so I want you to see it once! Impressed.

[worn hatch]

Merry Christmas Everyone! Hope you have a great trading journey in '23! 🥳🤩🍻

[gusty mango]

Is market open on Monday?

It’s not

[worn hatch]

it's off in the whole week I guess!

[hardy maple]

Markets may be closed on Mondays as major countries are national holidays. ? For some reason Japan is open on Mondays.

[gusty mango]

it opens tuesday

[worn hatch]

Cool Thank God

[hardy maple]

My job is trading, so the market is closed on holidays, so I'm worried. I'm not happy with my holiday🤣

[gusty mango]

Are you funded

[hardy maple]

I am an individual investor. It's been two years since I stopped working.

I get disappointed every time the holidays come. I like weekdays because I have a chance to earn money every day. Mental management is difficult, so I do not recommend quitting your job and becoming a full-time trader.😵‍💫

[proper compass]

Only become full time if you have a full year of expenses, emergency funds, and extra capital to trade

[hardy maple]

That's right. I managed to clear the financial problem, but the mental side is difficult. Even though the funds are steadily increasing, there is always an uneasy feeling. It's been three years since I started working full-time, but I still find it difficult to control my emotions😓

[gusty mango]

Look at it this way

There’s thousands of people struggling to make ends meet

And you have the luxury to not have that

[proper compass]

At the very least you know you're getting somewhere. I want to eventually quit work also but maybe after trading another 2 years. The emotions are there because you know you can't get back to work once you quit. You're literally surviving on your guts here

[hardy maple]

When you become full-time, you will probably have anxiety no matter how much money you have. There is another stress other than the stress at work. I think people who work full-time and don't feel anxious have extraordinary mental strength. I'm thinking of starting Zen like Steve Jobs.🧙‍♂️

[gusty mango]

There’s always another job

[proper compass]

My current job has so much stress. Always getting calls, have to handle complaints, very tight schedules. I think this job has given me the mental strength to withstand trading a lil bit

[proper compass]

😂😂😂 not after you taste 100k

[gusty mango]

How many lots would you guys trade on a 10k acc btw

I would probably go for 0.5

To play it safe

[hardy maple]

Since becoming full-time, I wake up many times in the middle of the night. If I could turn back time, maybe I wouldn't have been full-time🤣

[gusty mango]

Why do you wake up?

[proper compass]

If you're profitable enough, you can get an easy job then continue trading

[proper compass]

0.5 is also my ideal account size

Are you considering the funded idea?

[hardy maple]

Because I changed my trading style from scalping to swing. I'm worried about the position I'm carrying over and I'm trading even in my dreams.😇

[gusty mango]

oh yeah

fuck swing trading

i definitly leave no position open

before bed

thats why i stop trading around 2100

market dies down anyway

and i dont want to sleep with trades open

[proper compass]

Looking at these accounts, mff has the best allowance for drawback at 12%. However, FTP and FTMO have a good profit split

[gusty mango]

mff profit split increases

it starts at 70-30

but goes to 85

i think

[proper compass]

This is really good news. I just have to work on my strategy now

[hardy maple]

I watch the chart for an average of 16-18 hours from Tokyo time to NY time every day, so I can't do other work🤯

[gusty mango]

i do my trades during my work lol

just check when i get an alerts

and decide if i enter or not

[proper compass]

16 hours? Which pairs do you trade?

[proper compass]

I only look at charts for like 3 hours maximum

And then when I get alerts. Which reminds me, I must edit my alerts

[hardy maple]

Scalping is tiring, but swinging takes a long time to hold, so I'm worried about my holding position and it's mentally painful.

[proper compass]

Sounds like you have an intraday profile but you're forcing a swinging strategy

[hardy maple]

All major currency pairs including NZD, CHF and CAD. I do anything with US stocks, Japanese stocks, commodities, and crypto.

[proper compass]

That's a lot. Which one of these pairs makes you sleepless?

[hardy maple]

For scalping and day trading, I couldn't leave my computer all the time, so I sat for too long and hurt my back. This is the reason why I changed to a swing that allows occasional breaks.😰

[proper compass]

I'm curious about your strategy set up. Mind if you show us a screenshot and see how it works?

[worn hatch]

for every $1000 use 0.15 so 1.5 lot for every 10K acc

[hardy maple]

Forex, indices, commodities, and crypto are highly stressed because they work 24/7. Stocks have a fixed trading time, so it's pretty easy mentally.

[proper compass]

How much leverage do you use on crypto?

[hardy maple]

There are times when a strategy can be used and times when it cannot be used depending on the time (trend market, range market, volatility, volume, etc.), so one strategy will not be used all the time. The only thing they have in common is the basic pullback. No entry in breakout. It may be difficult to understand because the sensory part is large, but you can put it on.

[proper compass]

Ooh I like customized strategies. Mine is also very customized to a specific asset, timezone, and set up

[hardy maple]

Basic is 20% or 25%. However, recently, crypto has not moved in a range market for a long time, so I haven't traded crypto much.

[proper compass]

I tried grid bots a few months ago, very successful for this range

[hardy maple]

Grid bots are strong in range markets, right? Since I am a basic trend follower, I basically did not trade in range markets.

[proper compass]

Ooh right. Well, next year might be a new year for crypto so you might get lucky

[gusty mango]

That’s alot

[hardy maple]

What will happen to the SBF trial and Binance? Is it a crash or on the contrary, is it a big surge in the buying market?🤣

[proper compass]

People tried to FUD Binance and bankrun it, but it's still operational. I even saw that Binance had acquired a Tokyo crypto firm. Most of the bad actors in the industry have been removed and a lot of countries have now hit peak inflation. Might be a good year to trade. But might get invaded by aliens or time travelers

If we get invaded, it had better be by elves or animal girls

[hardy maple]

HAHAHA! yes. Binance has entered full-scale operation in the Japanese market. I can't wait to see what happens next year.

Can you post screenshots only from your smartphone?

[tawny sandal]

Hey man, nice setup
What's the first and second oscillator, the technical ratings?

[echo kiln]

Love it, pull backs

[tawny sandal]

He has 20, 50, 100 and 200 EMAs

The first and second oscillator are the same, just different settings

And then the one and only Stoch RSI on default 😁

[tawny sandal]

Clean and professional 💯

What timeframe is that? 1h?

[hardy maple]

The chart is 1h. Backtests at 1h and 4h were good.
15m was just fine. I don't know the performance at 1m and 5m because I haven't backtested it.

[echo kiln]

Very simple, it works🚀

[tawny sandal]

What settings do you use on the technical ratings? Like, what percentage do you set on moving averages and what percentage do you set on oscillators? 50% - 50%?

[hardy maple]

The first TR is the time frame of the chart. The second TR is one timeframe higher. The second TR references the larger direction of the next higher timeframe. StochRSI default. EMAs are 200,100,50,20.

[tawny sandal]

Ok, so for a buy, you need both TR on green, the stoch RSI crossing up, and what else? A rejection of an EMA?

[hardy maple]

All are default. Only the second TR is the setting of the timeframe one higher.

[hardy maple]

First check the trend with the second TR. After that, wait until the candlestick touches 1,200EMA or 100EMA or 50EMA. 2. Wait for TR green or red to appear in the entry direction. 3. Confirm that the StochRSI is heading in the entry direction. * 20EMA is used to judge the strength of the trend and is used as a guideline for TP.

[tawny sandal]

So, in a buy for example, when the price crosses down the 20 EMA, you close your position and take profit, correct?

[hardy maple]

Risk reward is 1:1.5 or 1:2. At 1:1.5, the winning rate increases, but at 1:2, the winning rate decreases slightly, but the profit margin increases.

[tawny sandal]

Very nice, similar to what we're trying to setup @echo kiln... What's your winrate man?

[hardy maple]

There is a problem with this strategy, however. It does not work at all in ranging markets. Limited to trending markets. Therefore, it is necessary to avoid currency pairs with many range quotes. For example, AUD/NZD, EUR/GBP, etc.
If the currency pair selection is correct, the average winning rate is around 65%.

I deleted my comment by mistake😵‍💫

[sullen hamlet]

So which pairs would you recommend on this case?

[hardy maple]

When the 20EMA starts to turn in the opposite direction, it is a TP signal

[hardy maple]

Any currency pair with a clear trend is OK. For example, GBP/USD, GBP, JPY, USD/JPY, AUD/USD, AUD/JPY is OK. XAU/USD, XAG/USD, Stocks and Crypto are OK.👍

Feel free to backtest. Depending on the risk reward and currency pair, I think the winning rate will be about 60%-70%.

However, since this strategy requires discretionary judgment to identify trends using the Dow Theory, etc., it may be easier to use with LuxAlgoPremium's TrendTracer or TrendCatcher. I will add the LuxAlgoPremium indicator and backtest to see if I can improve the performance.

I wanted to upload it as a beautiful PDF like the seniors of LuxAlgo members, but I'm sorry I don't know how to do it. that's all.

[echo kiln]

exactly, tough for any strat to be good in chop range....

[echo kiln]

This is great....not everyone has a nice pdf doc....this is great 🙏 good stuff...

[gusty mango]

the trades i would v taken on EURUSD in december

[torn lotus]

Thanks for sharing @hardy maple

[sullen hamlet]

Which one's strat is it?

[gusty mango]

jav

[sullen hamlet]

I think, everyone appreciates what you did

[echo kiln]

back to the drawing board, I need to see better numbers. 🥱

[gusty mango]

A 5% increase in a month on just 1 pair is not bad imo

[echo kiln]

true, what was this based on ? smc version? or full jav? nova?

[gusty mango]

Jav

[echo kiln]

ok

[gusty mango]

with a small addition of my own

[hardy maple]

EUR/USD has been in a range since the end of December, so it seems that it will be difficult to improve performance.

[echo kiln]

what changes u made?

[gusty mango]

i added a stoch rsi on 1hr chart

stochrsi has to be moving in the range of my trade

but im not sure if i will keep it

[echo kiln]

was this for 24/7 around the clock?

[gusty mango]

yep

[echo kiln]

Didnt you have your own strat I believe?

[gusty mango]

its not a strat

i just scalp resistance/support zones

[echo kiln]

ohh ok cool

[hardy maple]

I'm sorry. I forgot to mention one thing. My strategy is to select a currency pair to enter while looking at the strength of the currency. Since it is a trend following strategy, it is necessary to avoid currency pairs that are not strong and weak. Also, if you check the strength of the currency on a lower time frame than the entry time frame, you may be able to get on the initial movement of the trend.

[icy wraith]

Hey just wanted to see What you guys think about this for mondays opening?

[tawny sandal]

So, do you choose the stronger and the weakest currency on the chart?

[worldly goblet]

Think Monday is a bank holiday so no trading

[echo kiln]

hmmmmmmm, good theory, so based on that you pick jpy/nzd pair to go long? not sure if u want to trade tat chart😹

or go short on nzd/jpy

better chart

[tawny sandal]

Exactly

[hardy maple]

When I enter in 1h, I check the strength of 15m and 1h. When the strength disappears after the entry, it is recognized as the end of the trend. After that, the second TR will give us a general idea of ​​whether there is a trend in the TF one level above us, so we will refer to that.

[icy wraith]

Well tuesday then iguess⚙️🔧

[hardy maple]

Currently, NZD/JPY is the strongest and weakest. In this case, NZD/JPY is considered to be a short entry because it is a strategy to follow orders. NZD/JPY long will be contrarian.

In my case, I first decide which currency to use as the axis, USD or JPY. Since the JPY is the strongest on the hourly chart, we will consider the JPY pair as an all-short.

[echo kiln]

I appreciate everything here, you opened up your mind, good stuff, thank you again!!!!! Stick around, we could all learn from you....🙏

[hardy maple]

Look at the second TR. In this case, the JPY pair is considered all short.

From the top, NZD/JPY, AUD/JPY, EUR/JPY, GBP/JPY, USD/JPY.

[echo kiln]

Thats awesome, JPY strongest, just look for JPY as 2nd pair to go short and wait for TR to tell you so

🤌

[hardy maple]

Technical Rating is a relatively new TV original indicator, but it is convenient and useful for checking the direction and strength of trends.

[echo kiln]

Yes, I was actually using the other version on the main chart to save space, but ill start using the histo bar version to see the pullback entries

[hardy maple]

You can check the direction of the timeframe one step above with the second technical rating to determine the entry direction and find the pullback with the technical rating on the chart.

[gusty mango]

Oh wow

That’s very useful

[echo kiln]

This is great that you opened up your head to explain how you analyze your day.....🔥 🙏

[hardy maple]

for example

The point where the technical rating changes from green to red is the pullback.

[echo kiln]

yes, love these type of entries

[gusty mango]

What’s the name of the indicator

[hardy maple]

Technical ratings

[gusty mango]

Found it

[hardy maple]

As a result of backtesting the technical rating, the higher the TF, the more accurate, and the lower the TF, the less accurate. At 1m5m it was almost crap.

[echo kiln]

🙏

[hardy maple]

I quit the 1m5m backtest because the results were too bad, so I don't know how accurate it is. The technical rating was too noisy at low TFs and didn't provide an accurate entry point. It seems that the effect of the technical rating appears at last from around 15m and 30m.

I'm currently backtesting to see if it works with technical ratings and Lux's signals.

[echo kiln]

Agree, this is the case for most, the lower the TF, the less reliable and the more you need to be careful with 5m and 1m

[hardy maple]

That's right. MOM oscillator was still working better for 1m5m scalping.

I'm embarrassed by the super spicy ramen icon, so I'll change the icon.🤣

[echo kiln]

I LOVE RAMEN ‼️

better than my stupid coffee mug 🤣

[hardy maple]

I eat ramen almost every day. The number of ramen shops in Tokyo is extraordinary.👨‍🍳

[echo kiln]

mmmmmm

[hardy maple]

I changed it to a photo at my favorite cigar bar😅

We are still backtesting, but it seems that the combination of technical rating and Lux's signal will increase the probability of avoiding false signals.

[echo kiln]

lux signal? buy/sell signal? or the Trend Tracer and Trend Catcher?

[gusty mango]

Just get some ai art as your pics boys

[hardy maple]

○ is where the Lux signal and the technical rating match. ✖ where the technical rating denied the Lux signal. Pictograms are missing parts. 30m autopilot setting.

[hardy maple]

buy/sell signal

X is fake signal

[proper compass]

What indicator are you using below?

[hardy maple]

Technical rating. The original indicator of TV.

[echo kiln]

Looks good, rule = dont take signal against the MA's

[hardy maple]

yes. For the time being, I am backtesting regardless of EMA. This alone seems to eliminate a lot of fake signals. There are occasional dropouts, but the win rate seems to increase considerably.

[proper compass]

Looks good. Added to my indicator collection

Merry Christmas

[echo kiln]

ahhh you NITRO ‼️

https://tenor.com/view/panda-angry-mad-tantrum-cute-gif-16652559

[proper compass]

Boosted like a Subaru WRX

[echo kiln]

https://tenor.com/view/fast-and-furious-tokyo-drift-ff3-slalom-drift-gif-14085608

[proper compass]

Those cars were barely moving 😂😂😂. I'd like to see this in a normal highway

[echo kiln]

https://tenor.com/view/han-tokyodrift-gif-8353630

[proper compass]

Fast and Furious 2 I think. Tokyo Drift

[hardy maple]

The Fast and the Furious？🤣 I like the insert song Wiz Khalifa's SeeYouAgain.

[coarse fulcrum]

@hardy maple has earned the Lux Level 2 role!

<@!988063535634473020> just levelled up

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

[tawny sandal]

How long have you been trading for?
@hardy maple

[hardy maple]

my trading history?

[echo kiln]

i think he means how many years you been trading and how many years you are full time trading

[hardy maple]

I'm sorry that I can't understand because I'm using a translation tool.10 years of investment experience. It's been three years since I became full-time.

[tawny sandal]

Don't worry man 👍
That's a lot of time... Did you joined LuxAlgo for the PAC indicator?

[sullen hamlet]

Wow, that's a lot of experience

Have you ever thought about working in institution?

[hardy maple]

I backtest a ton of different strategies every day. That's where I got to Lux.

[hardy maple]

I like to trade alone so I never thought about it.

[fringe cloud]

what strategy do you use now?

[echo kiln]

he details everything in the chat, scroll up, its good stuff

[tawny sandal]

#💱forex-chat message

Read from that on

[fringe cloud]

Thanks fellas

[hardy maple]

I would be happy if you could refer to it.

[tawny sandal]

Don't worry man, he will read everything 👌

[fringe cloud]

What are the oscillators called that you’re using?

[tawny sandal]

Technical ratings

[fringe cloud]

Thank you

[tawny sandal]

#💱forex-chat message

Look at the screenshot

[fringe cloud]

It’s in a foreign language

[tawny sandal]

No man, there are "bubbles" with the names written by him, middle image in green

[fringe cloud]

Totally missed that! Thanks!

[hardy maple]

I'm doing a backtest now, but it may be better not to use StochRSI when using buy/sell signals together.

[tawny sandal]

The Optibot signal values keep adjusting and change with time, so backtesting them is not reliable... In live trading, they might not be the same as when you do the backtest with the last optibot values

Stoch RSI doesn't change tho, it remains the same, so the backtest is actually reliable

[hardy maple]

What about autopilot?

Autopilot without repaint?

[echo kiln]

i think your backtest has proved to yourself you have a winning strategy, you HAVE a good winning strategy before LuxAlgo, your just seeing what else can improve on it. For everyone else, we can do our own backtest on our own preferred symbol as well.....

well done!

[tawny sandal]

I'm not sure if the signals with autopilot keep adjusting (i think they do tho), you can use the replay mode on TradingView to test this

But autopilot gives bad signals most of the time, better to not use the signals at all, just the candles coloring if you want, but it's not needed in my opinion

You need to see the real price action, just try to use the trend tracer and catcher and see if you can benefit from those in your original strategy

[echo kiln]

Trend Chaser / Trend Catcher are your friends 👀

[proper compass]

Frankly the candle coloring can really distract you when you're trynna see price action

An interesting use for Lux Algo Premium. You can disable the Buy and Sell signals and just use the exit signals to either close trades or place a trailing SL

[tawny sandal]

Yeah, that's better

[echo kiln]

Use hollow candle bars with Lux colors. Problem solved 🤷🏻‍♂️ your welcome 😹

[torn lotus]

Merry Christmas

[leaden flower]

Merry Christmas 🎄

[brazen dagger]

React with 3️⃣ to opt-in to #futures scanner alerts.

[gusty mango]

Morning

[torn lotus]

@gusty mango

How is the hangover?

[worn hatch]

Morning Fam ☕

[gusty mango]

Im cured

[worn hatch]

Life of Every Trader 😅

[icy wraith]

Which broker should I choose for Europe?

[worn hatch]

Exness

🤣🤣🤣

[gusty mango]

different kind of backtest

trades i would have taken in december on the NZDUSD pair during my trading hours

leaves me with a 4%increase on my account for that pair in december

[proper compass]

Exness people

[leaden flower]

We should not take commission from exness 🤣🤣

[gusty mango]

Btw for those here that are very new and are working out the lux indicators

I advise to check out the swing blocks in the price action concepts indicator

It is very beginner friendly way to start trading by seeing if a swing block holds and get an entry if it bounces off

[sleek void]

@gusty mango how can we draw those swing blocks?

[gusty mango]

The price action indicator draws them for you

Small example

[echo kiln]

XAU monthly

Merry Christmas everyone 🎅

[proper compass]

An Elliot Wave forming?

[echo kiln]

Who's elliot?

[echo kiln]

does he know me?

come on, im joking ..........

[proper compass]

I hope he does

[proper compass]

Understandable. Must be the eggnog

[gusty mango]

Anyone trading next week

[echo kiln]

I think we know the answer to that 😹

[dapper jolt]

Hahah

Will try to sit on my hands

No promises

Best to sit out two weeks but hey

@terse haven i need to get a gold fx broker as dont have the previlleges on ib but once i do will follow some trades

He seems to make money most of the time so why not ☝️

[worn hatch]

3 years learning and 1 year experience ... do not compare yourself to him ... everyone is born creative 🍻

[dapper jolt]

Yep was not comparing was saying i would bang on the same trades but just have ib now which doesnt let me trade gold

No hate just respect 👍

Hence i was asking a few weeks ago for a 2nd broker as been difficult to get ig to let me trade gold 😅

[worn hatch]

What broker are you using ?

[dapper jolt]

Ib

Cant trade gold dont have the permissions when i first set up and not been able to change it since

[worn hatch]

try OctaFX they even accept crypto as withdrawal and deposit

[dapper jolt]

👍 thanks will chexk it out

[worn hatch]

leverage 1.500 for MT4/5

if you want zero spread try Boldprime too

[dapper jolt]

Ok with just fx…tended to trade just euro aud and cad tbh but. Am willing to trade whatever makes me money lol

[worn hatch]

study and master just one thing at a time

[dapper jolt]

Anyways merry xmas and. Happy holidays for all traders out there 👍

[worn hatch]

each currency and commodities are different from each other

[dapper jolt]

👍

I agree been trading for a while now…sometimes what works yesterday doesnt work tmw hence i look to lux algo for some help

[worn hatch]

if you want me serious money focus on Gold

[manic flower]

What time until the markets are open again?

[worn hatch]

Japanese will open tomorrow or tonight only .. rest of the market will open I guess on the 3rd of Jan

[proper compass]

Why you no say Exness? Me thought we Exness bro-bros

[worn hatch]

he is looking for window shopping ... I am giving him options 😅

[gusty mango]

I think everything opens on Tuesday tho

Tuesday - Friday

Then jan 3rd

Just low volatility most likely

[worn hatch]

yeah

[proper compass]

IB is Interactive Brokers, right? The guys that provide access to true American stick trading

[gusty mango]

IB is very popular

[proper compass]

Time to hard test a strat during such a range. Might switch to a demo account and go crazy

[dapper jolt]

30-1 leverage on most fx

[rough vigil]

I’ve been trading crypto for about 4 years and recently after browsing fx charts I’m seeing how much cleaner the TA is and it’s much more respected

[dapper jolt]

I think 15-1 on gbp which is ok for me

[rough vigil]

I’d like to start trading fx but I have no idea what broker/exchange or where to start. Any tips ? Thanks 🙏

[gusty mango]

I think vantage is also pretty goodn

[proper compass]

Welcome to the Jedi side brother. I also was once in the Dark (crypto) side

[gusty mango]

Not sure

[gusty mango]

I will trade if the entry shows up

[gusty mango]

IC markets

Is also good

[rough vigil]

As far a fees go who has the best structure ?

[proper compass]

Will be doing a submissive trade this week. Start a trade if it shows any signals according to strat. Won't even analyze the chat. Curious to see how it goes

[proper compass]

Crypto if you're trading smaller amounts for less time. Forex if you're trading large

[rough vigil]

I feel a wave of regulation coming as well and after ftx I’m always worried about my funds in the exchange

[proper compass]

Especially if you get a swap-free and no-fee account

[gusty mango]

Crypto is a shut show

Get out while you can

[rough vigil]

Ftx was like THE SAFE BET as far as that stuff went and then WTF

[proper compass]

Buy BTC, send to wallet, trade FX

[gusty mango]

The thing with crypto is

It’s ran by kids

There’s no backing use of it

[rough vigil]

That is what it feels like man

[proper compass]

I saw that crap a while before it exploded. Was barely getting any volume. Meaning people were already withdrawing long before our veggie friend showed his dark side

[rough vigil]

What about that 250mil bail!?!

It seems paying off politicians has its dividends

@gusty mango are you currently trading on ic markets

[gusty mango]

Nah I’m on a demo

And wil do a funded challenge after

[proper compass]

No worries. Just using customer funds. Nothing to worry about

[rough vigil]

Man your right on my wavelength

[proper compass]

When in 2023 are you going for it?

[rough vigil]

Ftmo?

[proper compass]

Man, I was prob the only one who didn't know about this funded thing

[gusty mango]

I already bought the account , if any perfect entry comes up I will take it otherwise wait til Jan

[gusty mango]

MFF

[rough vigil]

That’s one of the other major things that has made me considering switching. Not really any legit funded accounts that trade btc futures

[proper compass]

I think my strat needs some more work. I need more confidence with it before I commit.

[worn hatch]

What is the difference between FTMO and MFF and others ?

[gusty mango]

Ftmo is a bit more expensive

And the challenge is harder

But bigger

[proper compass]

A G.O.A.T. in here made more than half a mill with a combined 4 years worth of knowledge and effort. Def a motivator to try it

[gusty mango]

MFF is very fast with everything

So I like it

[proper compass]

Especially the 1k drawdown hard limit. On a 10k account, that is

[worn hatch]

will give a shot

[gusty mango]

Im not sure why people would go with FTMO over MFF tbh

Maybe regulations?

[worn hatch]

FTMO is kinda famous

while they are marketing their products all over social media

[hardy maple]

The Japanese market is open on 12/26 (Japan time), so there may be liquidity in Tokyo time.

[worn hatch]

Thank you

[icy wraith]

@terse haven chart not working

[gusty mango]

Heh?

[icy wraith]

@proper compass

LuxBot

XAUUSD 1h Sentiment

Made with ❤ by LuxAlgo.com

@proper compass

LuxBot

XAU 1h Sentiment

Made with ❤ by LuxAlgo.com

[gusty mango]

I’ll be sleeping 😩

[worn hatch]

try this

[hardy maple]

good night. It's 6:42AM in Japan now.

[icy wraith]

We can't open this chart layout for you
If you're the owner of this chart layout then you need to log in to be able to see it.

If you wish to see someone else's chart layout, then please ask the owner to enable chart layout sharing, or to publish it by clicking the Publish Idea button.

That's the problem I get

[icy wraith]

If you could share the valid link it would be good. Or tell me the settings. Thanks.

[worn hatch]

Open the pdf and there is link in it

@icy wraith

[worn hatch]

okay will inform the owner to enable @terse haven

[icy wraith]

Yes, please.

Update me asap

[echo kiln]

Asap? patience, Jav took some time off for the holidays. and the doc is being updated now, and we don't know when it will be released honestly, could be tomorrow, could be next month. This is not a strat direct from LuxAlgo, it is a strat that is being shared by another member here to help out. That is all it is. You just joined today, so if you want to get your charts up and going, you can read up on other sample strats direct from LuxAlgo in the doc (vip guide) section of this Discord.

[icy wraith]

I tested the chart already, but it just dissapeared from my trading view.

I thought he just turned it off by mistake. That's all. Nothing bad by saying asap

[gusty mango]

What Micky means is your coming across very pushy brother

[icy wraith]

Not meant to be pushy. I meant Asap, as soon he gets it done.

[echo kiln]

He is probably updating the link as there will be an update to it soon.....all good .....

[icy wraith]

Yeah.

[gusty mango]

This doesn’t sound very nice you know what I mean 😂

If you would tag me like this I would not even respond

Just saying

[echo kiln]

all good everyone, Merry Christmas and Happy Holidays, Be Safe!

[gusty mango]

Anyways

Off to bed

Have a good one lads

[icy wraith]

It is stated in the ebook that you should let him now if there is problem with the chart.

Good one lad.

[echo kiln]

Its ok everyone, All good...

lets move on

shake hands, Happy Holidays 👊

[gusty mango]

I’m not trying to argue with you brother, just trying to explain. Have a good Christmas

[icy wraith]

Ok

[summer wedge]

finally got a moment to wish my Lux family a Merry Christmas, god bless ❤️

[echo kiln]

Merry Christmas to you as well.....what charts you looking at now? 😹

[crystal pivot]

Merry Christmas everyone

So when does London open lol

not tonight?

[echo kiln]

Asia session I think? no clue, LOL

[crystal pivot]

Damn holidays lol

probably closed until the 27th

[echo kiln]

or you can trade crypto and donate for the holdays?

[crystal pivot]

Lmao

Maybe I would try if spread wasnt so high

[hardy maple]

The Japanese market will open soon. However, it is unclear how much liquidity there is because major countries other than Japan are closed.

[crystal pivot]

Thanks for clearing that up, so basically were screwed

🥴

[echo kiln]

Not really, if you take a long and I take a short at Aisa opening bell, one of us will win, right?

[crystal pivot]

Great idea lol

[hardy maple]

The Japanese stock market is about to open, so there may be some liquidity during Tokyo time.

[echo kiln]

and then we split the earnings so the loser at least gets their loss covered, everyone wins. New Strat Here!

[crystal pivot]

Thats genius lol

[echo kiln]

Send out the Doc!

[crystal pivot]

Are you from Japan?

[hardy maple]

yes. I'm Japanese and live in Tokyo and I'm unmarried.LOL

[crystal pivot]

Lol nice, I've recently became in love with Ramen. I will go to Japan one day and try all the Ramen there 😈

Im not a big fan of soup but damn its good

[hardy maple]

There are many ramen shops in Japan. Please visit us when you come to Japan.

I tried to change the Discordname to English for everyone to understand, but the name change was not possible.😢

[crystal pivot]

I will, Ramen and Sushi lol

[hardy maple]

Good sushi restaurants in Japan are very expensive, so let's earn money together with Forex🤣

[crystal pivot]

Lol yea

[edgy grotto]

Merry Christmas❤️

[hardy maple]

Opened the Japanese market. The OANDA chart is not moving. FXCM is up and running.

[echo kiln]

Oanda is keeping you safe this weekend.....😁

[hardy maple]

HAHAHA. Now I'm monitoring it with FMCM😎

FXCM

1

[crystal pivot]

Market looks wild on MT5 lol

Ugliest candlesticks I've ever seen

[icy wraith]

Gold doesn’t trade until Tuesday 27/12 right?

[crystal pivot]

lmao

[icy wraith]

Good luck trading that shit show lol

[crystal pivot]

Lol yea I can't even approach this market

Going to wait for London but I have a feeling its going to be similar 😕

[icy wraith]

Yeah US BANKS are closed tomorrow. So probably choppy.

[proper compass]

Yoh @icy wraith

[icy wraith]

Yo

https://tenor.com/view/michael-scott-wassup-wassupmybrotha-michaelscott-gif-22017221

[proper compass]

All good. Having a lazy X-Mas. WBU?

This place been slow without the usual hooligans

Looks like I'm out of gas. Peaceful night y'all

[icy wraith]

Yeah been spending Christmas with the family. Just settled in with a glass of whiskey in front of the tv watching Football hah

[icy wraith]

So its still closed for you guys huh?

[nova jetty]

Is the forex market completely frozen? No movement at all whatsoever on both tradingview and MT

[crystal pivot]

Theres some areas that are open but most are closed

[icy wraith]

Ctrader & tradingview (EURUSD)

[half wing]

go enjoy the holiday lol

US stock market closed monday 12/26 so nothing’s gonna move

or barely moving at all

[nova jetty]

Wish I could but work calls for duty, so might as well swing in some trades

[half wing]

good luck, my main point is that no trade is also an option @nova jetty

[icy wraith]

😦

[wide knot]

Is gold market closed

In trading view it’s showing open

[atomic stratus]

Happy Boxing Day from Aus everyone. Merry Christmas for yesterday ♥️

[prisma bluff]

@atomic stratus Glad to see you around

[gusty mango]

Morning

[leaden flower]

Morning 🌅

[gusty mango]

I wanted to enter a traden

MFF is closed

Would v made me 100 bucks

[icy wraith]

Morning everyone

[worn hatch]

Morning Fam ☕

[icy wraith]

@young void

LuxBot

GBPJPY 5m Sentiment

Made with ❤ by LuxAlgo.com

[worn hatch]

@young void Kindly use sentiment in #🤖luxalgo-bot only 🙂

[icy wraith]

Is anyone able to open the link for his chart that he is using? Or is it just me. It says it is unable to load the chart for some reason. Thanks.

[torn lotus]

Morning

[young void]

My apologies. 😬will do.

[worn hatch]

Maybe he is out of his laptop and may resume tonight or tomorrow morning hopefully

[gusty mango]

I knew he was working on an updated version, probably took time of for the holidays

[icy wraith]

Alright, thanks 🙏 If someone notices that the chart is working feel free to mention me ❤️

[worn hatch]

noted 🙂

[gusty mango]

I can share you mine

[icy wraith]

That would be great 😌

[gusty mango]

How do I share a chart

Lmao

[icy wraith]

Let me see on trading view

[gusty mango]

Ah

Needs to be on pc

Will share when I get around my computer

[worn hatch]

https://www.tradingview.com/x/nAMbhgiT/

try this of it works ... same chart of Jav's

@icy wraith

[icy wraith]

I cannot copy it, it is just a picture of a chart

[gusty mango]

@icy wraith

[worn hatch]

ok wait let me try again

[gusty mango]

Try this

Get 2 oscillators

Advanced an stochastic

[worn hatch]

https://www.tradingview.com/chart/sXNcPM9A/

[gusty mango]

Nvm

That’s it

What’s a bms

😂

[worn hatch]

Did it work ?

[icy wraith]

Yes, it is view only mode tho but works

Thanks to both of you

[worn hatch]

can you copy it ?

[icy wraith]

Let me try

Works, thanks ☺️

[terse haven]

yes I took the chart down since I’m going to be sharing an updated version of the strategy later on today 📈

Good morning everyone ☀️☀️

Hope everyone had a great Christmas 🎄

[summer wedge]

thanks Javie, good moring team

[terse haven]

Merry Christmas 🎁

[terse haven]

Good morning ☀️

[summer wedge]

Hope everyones sober 🙂

[gusty mango]

Balllleeeeerrrrr

[rough vigil]

GM

hope everyone had a good xmas

if the celebrate it

[gusty mango]

Curious to what you added Jav

[rough vigil]

do you have a pair or a few you trade most?

[gusty mango]

Mostly EUR/USD USD/JPY USD/CHF and GBP/USD

I take trades in USDCAD AUDUSD NZDUSD if the conditions are perfect

For some reason gold is not the best for me

I do take trades in gold but I with smal lot sizes until I get more comfortable

[terse haven]

I think V1 is good to keep using, I made a little change on V2 but the rules are the same

[rough vigil]

if you dont mind me asking what style of trader are you?

[gusty mango]

We don’t mind any question here brother

I personally Scalp

[rough vigil]

s/d, smc orderflow ect

or mechanical

[gusty mango]

I follow Javs Strat, which is basically making use of market structures and trend direction, that’s a very narrowed down explanation

Next to that I scalp support/resistance levels

Mostly trend following but if I get a good setup I do go against trend

[gusty mango]

Yeah i saw you added some info about how to spot possible losers and let winners run better right?

[terse haven]

Added confluence, replaced an indicator, and helpful information, trading window , and a grow plan with just 1 trade per day , with the new settings it’ll be much easier to spot range market or continuations , breakouts ect . Might improve win rate overall, but it’s really the same rules of entry , just minimize the trades you take and only take the best

[rough vigil]

nice recently ive been trying to incorperate market structure and PA concepts into my style

[gusty mango]

Nice

Can’t wait to read

[gusty mango]

Give us a ping when you post ❤️

[rough vigil]

im in the process of switching to trading fx and i notice most of the big dogs trade off PA and market structure s/d ect.

[gusty mango]

I personally am a fan of keep it simple

You came from crypto?

[rough vigil]

anywhere i can find some info on your strats @terse haven ?

[rough vigil]

yea i was talking with you briefly for a minute yesterday

[gusty mango]

He will post an updated version later today

[gusty mango]

I’m hungover as shut, don’t even remember what I ate for breakfast

[modern lava]

Fantastic! Thanks a lot

[rough vigil]

lol no worries i literally just asked about a good broker with low fees to start at

and you gave me some good tips

[gusty mango]

Doesn’t sound like me

😂😂😂😂😂

[rough vigil]

lol must have had a proper buz

[gusty mango]

Christmas

What can you do

[rough vigil]

im also working on passing the mmf eval as well

[gusty mango]

Sick

I hope we get some volatility this week

Would be nice to pack 1-2% before the end of the year

[rough vigil]

i sure wouldn't complain

[coarse fulcrum]

@rough vigil has earned the Lux Level 1 role!

<@!481560912667475979> just levelled up

Welcome to the Lux Level 1 role! Thank you for being an active member of the Lux Algo community <3

[icy wraith]

Thank you so much. I saw a lot of people sharing their results with your chart.

[icy wraith]

My outlook on Gold from the daily TF
Historically- gold is bullish in January.

[unborn wing]

Hello everybody 🙂 Hope everyone is well, and had a good Christmas or festive break if you celebrated it

[icy wraith]

You as well bro

[gusty mango]

Idk about you lads

But I’m excited for another baller Jav PDF

[icy wraith]

https://tenor.com/view/holiday-classics-elf-excited-will-ferrell-cant-wait-gif-15508394

[torn lotus]

again? 😂

[torn lotus]

🚀

[gusty mango]

Christmas bro 😩😩😩

I’m doing an alcohol detox in Jan

My liver needs healing

[torn lotus]

sounds like christmas was fun though

[worn hatch]

New year is on the way 😛

[gusty mango]

Only shots I’m doing is ginger shots 😩

With a dash of vodka? 🤩

[spice ether]

Guys, is all forex chart are stopping until January 1st, 2023?

[icy wraith]

And maybe a little lime 😂

[gusty mango]

No

Markets open tomorrow

[icy wraith]

Tomorrow. Normal hours

[spice ether]

ooooh ok ok, thanks a lot guys for the info 🙏

[icy wraith]

Who isn’t ? 😁

Omg just open the markets aleready

I need to see how my trade plays out

[icy wraith]

https://tenor.com/view/amen-anchorman-will-ferrell-gif-10865461

[proper compass]

Just realized you can't backtest a strat that relies on OBs

Anyone using this strategy?

[worn hatch]

Already been using the below Vol. Indicator

[proper compass]

OK good. Just the volatility indicator.

Just realized that there's a better trend indicator and I want to adjust the strategy. Has better entries and exits.

[worn hatch]

Been using all these in a chart

[proper compass]

Nice collection there. I can even see you have several iterations of the Lux oscillators

My current set up. Replaced the trend tracer for the signal MA by Lux Algo. Both perform the same function, to confirm trend direction. However, the signal MA is much smoother and holds better when the market has extreme movements

[worn hatch]

Looks smooth thou

[proper compass]

Exactly, check this example out. On the signal MA, the MA held even as there was two candles with extreme volatility. However, the trend tracer printed a red signal, then switched to green on the next candle, then switched back to red. I have noticed this on numerous extreme cases

[icy wraith]

What is that volume indicator?

[worn hatch]

BA_Historical Volatility Percentile & SMA

[icy wraith]

Is there a tutorial on it or a quick rundown?

[worn hatch]

There is a video on YT

[hardy sun]

Isn't the market very strange today?

[worn hatch]

The market isn't open today

[hardy sun]

And what are the movements in Trading view?

The movements of the price

[icy wraith]

I literally cannot wait for the updated stat from the javielito

[gusty mango]

Japan was open today

[mellow crystal]

couldn't trade it on MFF server

[gusty mango]

Yeah

MFF is closed

[mint sparrow]

Do you have the link sir.👍

[icy wraith]

I might have a new strat for gold 😐

I’m going to do some back testing this week and be back with the results.

[sullen hamlet]

Hi guys
I want to backtest some strategies but never have done smth like this
Can you recommend how to do backtest? Are there any programs where I can, for example, set some theoretical budget and test it?
Or how can I do this

[gusty mango]

Depends on the conditions

If very simple there’s websites

Otherwise have to use bar replay

[sullen hamlet]

Can you share some link of a website you use?

[gusty mango]

I don’t use any of them unfortunately

[sullen hamlet]

Ah, okay
So you use replay on tv?

[gusty mango]

Yeah

[sullen hamlet]

Okay, thanks

[gusty mango]

We all in here patiently waiting for that one Jav message lmao

[icy wraith]

Right? 😂

[modern lava]

Im waiting too😂😂

[icy wraith]

Im waiting too

He is a g for helping everyone out

[torn lotus]

💯

[proper compass]

Anyone in here been with a funded account for long? Or understand the challenges? Wanna learn something I haven't seen on YTube or on websites

[icy wraith]

What do you wanna learn

I probably haven’t had one the longest around here. 2 months

[proper compass]

One thing I haven't gotten clear about drawdown is how it applies. For example, FTMO has a 10% drawdown limit on their account. So, for example, let's say I have a 10k account challenge. Max drawdown is 1k, right? All clear here.

However, does this drawdown apply to when even if you're in profit? For example, I already got 2.5k in profit. So my total balance is 12.5k. Then I get some consecutive losses and lose 1k. So my total balance is 11.5k. Does this mean I failed the challenge? Even though I'm still in profit?

[icy wraith]

I’ve never used FTMO. However the way it works where I’m funded is after you profit so much they will move your drawdown down- from the equity.

[proper compass]

FTMO was just an example. But I get the gist of it. Thanks

[mellow crystal]

No your max DD is 10% of the 10k. so if you're at 12.5k profit your max DD is still 9k

but you can see the rules in the FAQ of ftmo not every prop firm has the same rules

for example this are rules from MFF : The overall drawdown is 12% of the initial account balance.

If you have a $100,000 account, then 12% of that is $12,000. Even if you grow your account to $105,000 your max drawdown will still be below $88,000.
If your account equity/balance ever goes lower than $88,000 then your account has violated the overall drawdown rule.

[icy wraith]

I think I said that wrong.

Mine drawdown for Funded trading plus is from my balance. They do a snapshot everyday at 23:59.

[proper compass]

This is good news to hear. Because a current outlook from my strat shows there's a small chance to lose on Monday and Friday trades

[proper compass]

This is why I liked MFF. Think this will be my first funded try

[mellow crystal]

Yea i'm also with MFF

im doing a 10k challenge atm

failed a 50k challenge cuz I made some dumb ass trades

but i'm also trading with an EA

[proper compass]

Interested in the results of your challenge, if you don't mind

[mellow crystal]

I just started it last week

balance : 9924 atm 😂

[proper compass]

So the current balance every day determines the max drawdown for the next day?

[proper compass]

😂😂😂 not too bad. Just gotta work on your strat now

[icy wraith]

Yes. It’s still the same % however

So currently I have a couple accounts. One is 50,000. So if I make 10k and have a total of 60k my draw down is still 10% but it goes from 5k to 6k

[proper compass]

How's your challenge currently going? I remember you took almost the same trades I did Thursday and Friday

[proper compass]

I guess this isn't bad. If it increases then it gives me some good leeway. Is this still Funded Trading Plus?

[mellow crystal]

haha yea, I can pass the challenge if I just stick to the rules and don't get emotional

[icy wraith]

I through the challenges. I have 2 that are funded at the moment

[icy wraith]

Yes, I found them to be better in terms of the challenge. Only 1 phase and no time limit

[snow beacon]

In ftmo challenge

Is the fund real money or

Paper

[mellow crystal]

it's demo first, when you passed the challenge it gives you new credentials with real funds

[proper compass]

I always have music on when I trade. Music makes me channel my emotions to the song, not the trade. I don't know if this works for you but you can try it

Also, when you trade, don't come to discord haha. Learnt this the hard way

[proper compass]

Ooh congrats bro 🤝

[snow beacon]

Nice

Let’s say u passed

And they gave u 100k

Is there limit Loss as well

[icy wraith]

🔥 2023 gonna be the year

[icy wraith]

Yes

[snow beacon]

Also let’s say u profit 10j

10k

[proper compass]

Maybe we should wait for someone that can answer this. I think Jav uses FTMO

[snow beacon]

How much do they take % of it

[icy wraith]

FTMO is up to 90% profit split

[proper compass]

In my country, we have a saying. Poverty is the enemy, hard work is your friend

[mellow crystal]

I thought ftmo is 80/20 first and up to 90/10

[icy wraith]

This ^^

[mental forge]

Hello guys can u tell me is this high spread?

[snow beacon]

So

[snow beacon]

If I profit 1k

They take 900$?

[icy wraith]

I believe it haha. I work healthcare- front line Covid. I’m ready for a change my friend.

[icy wraith]

You take 900$

[mellow crystal]

it might work, gonna try it. sometimes I trade while i'm working. and most of the times they don't play out well cuz I dont analyse the chart good

[snow beacon]

Nice

I wanna try

Is it free to try challenge

[icy wraith]

But it’s 80/20 to start

[proper compass]

Some have over 20 pips in spread. That's a lot of profit

[icy wraith]

You can do a free trial. But to get funded there is a refundable fee

I’d suggest skimming their website

[mellow crystal]

at FTMO you can do free trials yea

[icy wraith]

All answers are there

[proper compass]

You take 900 they take 100

[snow beacon]

Sweet

What site link pls

[mellow crystal]

https://ftmo.com/en/

[icy wraith]

FTMO dot com

[proper compass]

What sessions do you normally trade?

[mental forge]

so is it good to trade on HankoTrade?

[snow beacon]

Ty

[icy wraith]

Haha isn’t that the broker that one YouTube guy shills constantly?

[snow beacon]

Is ftmo with leverage or

[icy wraith]

It’s all on the websire

It gives you options I believe

Normal and aggressive accounts

[mental forge]

Idk man im just asking for your opinion

[mellow crystal]

I just trade when I see an opportunity 😂 I should focus more on trading sessions

[icy wraith]

Ohh idk I use the firm that the prop firm requires. Which in my case is eightcap

[mellow crystal]

i'm free at asian session, so mostly i'm active in asian session

[proper compass]

USDJPY is a major currency but they're charging 4 pips of spread? That's ridiculous

[mental forge]

Ye thats what im saying, im new but looks a bit to much for me

[snow beacon]

If I start trial 10k account

What’s target to pass

[gusty mango]

Don’t check this chat for 10 min

Y’all spamming

[gusty mango]

10800

[icy wraith]

Trying to get Luke to check the website for his questions lol

[gusty mango]

On MFF

[icy wraith]

He’s talking FTMO

[mellow crystal]

hahaha

[snow beacon]

Hahaha @icy wraith

[proper compass]

Yeea def focus on sessions. And one thing I've realised is that Lux Algo gives you so many options that you can make a strat that works at least 60% of the time. You just have to find a way to add more confluence and you're good to go

[snow beacon]

Trying to get me to see the site is a challenge of its own

[icy wraith]

https://tenor.com/view/confused-befuddled-gif-24635263

[snow beacon]

Damn I gotta trade for 60 days

[icy wraith]

Lol minimum 10 days

[proper compass]

This maximum loss on FTMO is what put me off. And they don't even give the highest funding

[mental forge]

So guys, what broker do you recommend for forex and x100 leverage pls?

[proper compass]

I'd rather take 50% of 1M than 90% of 400k

[proper compass]

I know I'm going to get roasted for shamelessly posting this, but try Exness

[mellow crystal]

Yeah i'm learning javs strategy and just some support and resistance

[icy wraith]

Agreed. FTMO is the most well know. But doesn’t mean it’s the best

[icy wraith]

https://tenor.com/view/boom-roasted-the-office-michael-scott-gif-9210948

[proper compass]

Just like Facebook and Discord

[mellow crystal]

MFF gives unlimited free retries if you end up in profits

[proper compass]

Stick with it 6 months and I'm most def sure you'll see a difference

[mental forge]

so should I stay away from Hankotrade guys?

[proper compass]

If those are the spreads, then yeeah I think so

[mental forge]

need to withdraw money now :/

[mellow crystal]

Yea i'll just keep learning until I get profitable with it. what strategy do you use?

[mental forge]

have any opinion on fpmarkets?

[proper compass]

Even more reason to have MFF as my first funded a/c

[mellow crystal]

does someone use the exponential/simple moving average ribbon 12 by zamboniman?

[mellow crystal]

Yea I also just fuck it started it

[icy wraith]

There are some companies that will instantly fund you as well. No challenge. The cost is obviously more though

[mellow crystal]

failed 2 challenges already lol

[snow beacon]

Drawdown % = [1 – (lowest equity or balance for the day) / (starting equity or balance for the day) ] X 100

One of u muppets made check the website

[icy wraith]

Lol

[icy wraith]

Aka 10% of daily balance

[mellow crystal]

yea friend of mine sells funded accounts, 100k acc size $1500 instant funded 100% pass rate

[crystal pivot]

I use hankotrade spreads are really low for forex pairs

[snow beacon]

What’s consistency evanbles mean

[proper compass]

He uses it to trade minors and exotics

[crystal pivot]

All spreads are messed up today

Because of Christmas

[mental forge]

Oh okay, because just joined HT and looking and it doesnt look good

[crystal pivot]

Yea wait until tomorrow to see how they normally are

[proper compass]

I'm gonna test my strat for 6 months before I even try this. Was hopelessly aiming for a personal account and build a good account for over 2 years. But I can take 25% of the time if I only test and get confident with my strat

[icy wraith]

Wtf

[proper compass]

Looks like they're just passing the tests then selling the accounts.

[crystal pivot]

Lol

[icy wraith]

Ahh. I mean like actual firms. Funded trading plus you can get a 100k funded account instantly for 4500

I think 50k is 2500 or something like that

[crystal pivot]

Guys if stage 1 of challenge says to make 10% in 30 days and minimum 10 trading days, does that mean it you make 10% and soon as day 10 hits the challenge is complete? Or you have to wait for full 30 days

[proper compass]

What happens to the 4.5k? Do they refund it or do you have to work to profit?

[icy wraith]

It’s complete

[crystal pivot]

Awesome thanks

[mellow crystal]

Yea thats safer, I just test my strategy on challenge accounts 😂

[icy wraith]

Not 100% sure

[gusty mango]

Waste of money

[mellow crystal]

haha yea it's good business tho he has traders that trade for him and pass challenges for his clients

[gusty mango]

If u can’t pas the challenge you will also lose the funded acc

[mellow crystal]

it's just a quicker way to get a funded account and gain profits

[proper compass]

I think if you can pass the FTMO challenge, which is harder and more ridiculous, you can pass any other challenge. Maybe I should do this for the next 3 months in my 6 months plan? 🤔🤔🤔

[gusty mango]

It’s like 10 days to pass the whole thing if ur good

[crystal pivot]

I’m gonna keep trading my live account for another 2 weeks if i keep getting consistent profits I’m doing the funded challenge

Is it 10 trading days or do weekends count too lol

[proper compass]

The quick way is always the worst way. I remember SpaceX testing their rockets and having so many failures. Look at them now. Almost always land a Stage 1 rocket perfectly. People don't want to work hard. FX takes years before you can get good. Earlier you took 10 years to have a 100k account. Now if you can have a 1 year constant profit you can try a funded a/c. But even with the time reduced by 90% no one still wants to work hard

[gusty mango]

You need to trade in those days

So if it says 5 trading days

It means 5 days you traded

[crystal pivot]

Ahh ok can you just trade smaller lot size and close trade after a min? Lmao

[gusty mango]

Probably yeah@

I’m not sure how strict they are

[mellow crystal]

true

[proper compass]

So you MUST have a trade active for 10 days trade, each day one trade?

[gusty mango]

Yeah

[crystal pivot]

Well on 1 min chart that’s easy

[proper compass]

And I saw some accounts don't like scalps. So I can't cheat with a quick trade to meet the quota

[crystal pivot]

Some allow as long as one trade isn’t worth over 30% of your total profit as an example

[mellow crystal]

you can do micro lot it will count as a day, just go in and out

[crystal pivot]

I plan on using osprey

[proper compass]

Haha time for a 0.01 lot trade

The examiner seeing 3 good 0.5 trades and like 10 bad 0.01 trades

[mellow crystal]

haha yea if you can pass the challenge within 10 days just 0.01 in and out and it will count as a day

But I saw once the statistic on howmany people get to the pay out

it was below 1% 😂

[proper compass]

Not worried about this. If you have a good strategy you can be comfortable. That's why I'm gonna take the 6 months (or even more if I feel I'm not ready)

[crystal pivot]

Yea cause bunch of idiots prob try it with little to no forex experience

[mellow crystal]

True

[crystal pivot]

This. As long as you have a strategy with consistent profits

I bet 80% of the people who try the challenge don’t have that lol

[snow beacon]

Does hankotrade