MHD Signals by Joseph

[HedgeBitcoin]

The EURUSD broke below the 4 months trading range this week after a LOT of ups and downs and after many false breakouts. However, on Friday, the pair reversed up again, which creates confusion about the next probable move! The currency pair will probably be sideways for a few days and hope fully not weeks, before traders will conclude that the trading range will continue or a bear trend is underway.

Keep tuned!

Br
Joseph

ATH was 16 months ago. If the trading conditions are not suitable, why continue to use the same algo?
https://www.myfxbook.com/members/jos...istory/2468631

[Neakey]

That sounds interesting

[MHDtrader]

Hi,
i recently detected that my VPS was not running as supposed. Please check if you have some trades open that are not matching my signal. If you have a sell Eurusd sell position please consider to close them.
I’m sorry for any inconvenience caused!

Regards
JT

[MHDtrader]

The EURUSD broke below the 4 months trading range this week after a LOT of ups and downs and after many false breakouts. However, on Friday, the pair reversed up again, which creates confusion about the next probable move! The currency pair will probably be sideways for a few days and hope fully not weeks, before traders will conclude that the trading range will continue or a bear trend is underway.

Keep tuned!

Br
Joseph

[MHDtrader]

March has started very well with very good result yesterday. Note, I have decreased the risk by 30 percent on the new adjusted strategies.
Br,
JT

[fabx]

Hi BRM I am currently disconnected aslo, the problem I have is has the strategy changed and is it now taking on more risk. If it has I may need to reduce my risk levels to avoid too much volatility. I am glad it had strong day of profits as it is is a great signal.

[Big River Man]

Ahhhh no I missed the profits today because I wasn't reconnected yet!!! Aaaarrgghhhh. What a great night for the signal, hope everyone else made pips

[nc!]

Thank you for the update. All momentum strategies have hard time these days. Thank you for sticking to your rules we are ignorant of all the test you have done just cautious since market is range bound and not forever and then all the grids and martingales usually fail. Usually we have one max two big moves per year? After that is more ranging? Now all expect a big move so they will be a lot of fakes break outs before a big one arrives.. nc!

[MHDtrader]

Hi again,

I just want share more words with you just to show you that I’m still confident in my trading system.

The EURUSD is in a tight range, the bars are very small and they are in a 4 month trading range. There has been a reversal every 2 – 3 week.

The dominant feature is the 4 month trading range. Therefore, the direction of the breakout of the 3 week wedge is not particularly important. Much more important is the reality that every strong move up or down has reversed for 4 months. Consequently, traders do not expect a big move either way. They will continue to bet on reversals.

I have been in the business long enough to understand that trading ranges do not last forever, and I’m not planning to blow up my account to chase profit or change trading style to suite current ranging market environment.

Every trading range for over 2 years broke out after about a couple of months. Since this one has lasted 4 months, it will break out soon, I’m betting on that. Traders around the globe are waiting for news about Brexit.

No matter what the news is, there is an equal probability that the breakout will be up or down. Furthermore, there is a 50% chance that the 1st breakout will fail and reverse.
Traders want to see a breakout up or down that has two or more strong trend bars and consecutive closes beyond the range. Once we see that, count on 300 – 400 pip move, and a trend is on.

Once again, I’m truly sorry for the bad trade result in February.

Thinks that doesn’t kill me will make me stronger.
I’m looking forward for full year results.

Best regards
Joseph

[MHDtrader]

thanks for your comment. I'm sorry for the bad results in February. I have decreased the risk on the new tweaked strategies, more or less cut it by half.
I'm pretty sure that when volatility comes back to Eurusd, our take profit will increase substantially. These EA have been traded in a live environment for more than a year with a nice profit. I'm still confident that I will eventually recover and end up 2019 with positive results.

At the same time; I fully understand your concern and your cautiousness.

Best regards
Joseph

[Big River Man]

Strategy is having a hard time in the current market not much momentum and we hit SL.. More orders are there but hitting SLs. Joseph any comments I disabled for now ... nc!

Hi nc! I have sent you a private message over the weekend, to reach out. Just letting you know in case your inbox is full (mine was last year until I deleted stuff so I wasn't getting private messages)
Thank you!
BRM

[Big River Man]

I have had in disabled since Xmas. Been watching it waiting for a drawdown but I know Joseph tweaked it a bit hence I have held off reconnecting. Need to see more evidence the new orders can actually hit TP's. This was my fave strategy last year!!! Give us an update on your thoughts Joseph if possible.

[fabx]

I have disabled for now also,

[nc!]

Strategy is having a hard time in the current market not much momentum and we hit SL.. More orders are there but hitting SLs. Joseph any comments I disabled for now ... nc!

[MHDtrader]

Hi,
Here you have the links:

Mota_1_Stopped and moved to UK server
https://www.myfxbook.com/members/jos...ved-uk/1654397

Mota_2_UK Server
https://www.myfxbook.com/members/jos...istory/2468631

They are the same account, but because Pepperstone moved their European clients to UK server mid of 2017, I was forced to open a new account from zero historical data.

Br,
Joseph