- Joined Mar 2012 | Status: Trader | 12,126 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
There are no secret patterns and there will never be one 381 replies
Nice Little Trade here on EUR/USD 1 reply
Little Confused here !!!!! 7 replies
Looking for a little advise here 5 replies
Disliked{quote} It's a link to the webpage, here: http://masrukhin.yolasite.com/resources/10%20PIPS.pdf (post #45)Ignored
Disliked{quote} At this kind of strike-rate, you'd need to take a close look at your r:r, bearing in mind that the pdf version (the one I have been looking at) looks for a tp which is relatively small in relation to the sl, though I haven't had a chance to really get into that side of things yet.Ignored
Disliked{quote} unfortunately I don't think I have the computing power nor the expertise in running various automatic backtests, shopuld an EA be developed. Placing the stop above (below) the 3rd bar may not give the best R:R at all if aiming for 10 pips because the distance from the entry at open of 4th bar to the low of 3bar (if going long) is quite often quite large, in excess of 50 pips depending on which pair and timeframe. I would ultimately like to compare results from different setups with different stop loss and take profit combinations. Different...Ignored
Disliked{quote} I think we would all agree that having the sl at the end of the 3rd bar is just not going to work as a bare strategy. The only way to use the end of the bar,Ignored
Disliked{quote} actually I don't agree because the majority of trades I saw on 4hr did not get stopped out from breaching the 3rd bar, using Method 3 which was either the bullish, bearish, bearish or bearish bullish bullish pattern. Although less trades than taking every kind of 3bar swing pattern, this method had a higher win rate. If this was found to occur on more currencies than the ones I did a rudimentary manual backtest with, then I'm inclined to have an EA professionally created for this emthod. ANother option regarding stop losss and 10 pips could...Ignored
Disliked{quote} What is the difference exacty between method 1,2,3? I think I got lost along the way lol.Ignored
Disliked{quote} actually I don't agree because the majority of trades I saw on 4hr did not get stopped out from breaching the 3rd bar, using Method 3 which was either the bullish, bearish, bearish or bearish bullish bullish pattern. Although less trades than taking every kind of 3bar swing pattern, this method had a higher win rate. If this was found to occur on more currencies than the ones I did a rudimentary manual backtest with, then I'm inclined to have an EA professionally created for this emthod. ANother option regarding stop losss and 10 pips could...Ignored
Disliked{quote} What is the difference exacty between method 1,2,3? I think I got lost along the way lol.Ignored
Disliked{quote} sorry it's got a bit confusing now, Method 1 starts off in Post 1 I then applied the closing bar concept to 3bar swing highs and lows, and called it Method 2, from Post 45. I narrowed down Method 2 to a more specific pattern for swing highs and lows and called it Method 3, from Post 55....Ignored
Disliked{quote} On 1-2-3, or on TooSlow's version of it anyway and that's the one I trade, you wait for a bar to test a new daily high/low made by the previous bar. If that move fails and drops back, you enter on the cross over the failed bar's open. On HP's, basically, you enter at the close of the bar which forms the third part of the ''arrow'' shape (or again, on the version I like best, you do, lol.)Ignored
Disliked{quote} sorry it's got a bit confusing now, Method 1 starts off in Post 1 I then applied the closing bar concept to 3bar swing highs and lows, and called it Method 2, from Post 45. I narrowed down Method 2 to a more specific pattern for swing highs and lows and called it Method 3, from Post 55. So far Method 3 on my backtests...Ignored
Disliked{quote} Sorry, HP, that's probably a lot to do with me. Got all excited! Never my intention to hijack your thread and of course, the direction this goes is entirely up to yourself. This is your baby! I do thank you for sending me to the PDF version along the way and I think what I may do is step back a bit and concentrate my testing on that for a bit on my own and let things settle down a bit here for you. I will keep the 5-sma add-on and see if there is something there when tested as-live. Maybe at some stage, the best bits can be pulled together...Ignored
Disliked{quote} Thanks for clarification. I did this EA very quick in what I believe is what you meant for method 3. Can you please check? It might be similar to TooSlow, not sure. {file}Ignored