I knew you could do it Jarroo. Count your Veiws & Posts.
Pips Squared to all that have observed.
Pips Squared to all that have observed.
The DIBS Method - No Free Lunch Returns 13 replies
No Free Lunch but all the Free Coffee you can drink 736 replies
Peter Crown's DIBS method revisited 14 replies
DIBS Method EA 11 replies
Problem using Dibs EA 4 replies
Dislikedme too lool
another problem we need to address here is this:
when an IB is broken and before it starts to turn into a real move it comes back and takes your stoploss, but then the market starts to move back to the same direction as your entry and beyond, and you are watching like chipmunk jumping on your keyboard wishing you were in that trade . (not sure if peter addressed this problem, but i will read his posts again)
im still looking around for a solution. the solution that i started to look at is again the agreement with the weekly and monthly open, but still have to look more into it.Ignored
DislikedIf you've downloaded 1.2 earlier please download again. I've been fiddling and added a few extra tweaks.
1. The open hour line appears on the open of the bar not the close.
2. An option to show day close.
LuxIgnored
DislikedThanks for your work Lux. How do we make the trigger lines thinner? thanksIgnored
DislikedYesterday the Eur chart gave two inside candles to trade. One long signal and one short signal. The long signal (green arrow) was early in the session and the short signal (red arrow) was later in the session. As for the stop loss on these trades I tend to place mine below the preceding candle of the inside candle (lime green x). There is usually a little more risk involved but less positions get stopped out.Ignored
DislikedOpen up MetaEditor and then open the indicator in the indicator file. go down to this line ObjectSet("DIBS_Trigger_B" + iUniqueID, OBJPROP_WIDTH, 5); Change the 5 to a smaller number...Then a little farther down look for this line ObjectSet("DIBS_Trigger_S" + iUniqueID, OBJPROP_WIDTH, 5); Change it again, then save it and compile it. Hope thats ok lux to tell themIgnored
DislikedWhere did you draw a line for the close of the last day? Was it at the black line? Because the first inside bar (green) was below the black line. Wouldnt that mean that you should have been looking for a downside breakout?Ignored
DislikedFollowing a PM I just received encouraging me to post my thoughts on yesterday's EURUSD chart, I have the following setups (note that I did not take any entries last night but did have limit orders in place):
(orange line represents previous day's close)
A - questionable inside bar depending on what the low was quoted by your broker. If you were game, you would have placed a long entry at the high, which would have been triggered and profitable.
B - clear inside bar on my charts, but again may depend on your broker. Anyhow, I did catch this one, and placed a long order just above the high of the bar. This was never filled as price went south of the border soon after.
C - another questionable inside bar, but if it did qualify to you as a inside bar you would have been looking to go short since you are now below the orange line (and subsequently would have lost)
D - Clear inside bar, meaning that you would have been looking for another short entry. This would have been profitable.
Let me know if my analysis is way off the mark, since like most people and this strategy, I am new to it!Ignored
DislikedYesterday the Eur chart gave two inside candles to trade. One long signal and one short signal. The long signal (green arrow) was early in the session and the short signal (red arrow) was later in the session. As for the stop loss on these trades I tend to place mine below the preceding candle of the inside candle (lime green x). There is usually a little more risk involved but less positions get stopped out.Ignored
Disliked
C - another questionable inside bar, but if it did qualify to you as a inside bar you would have been looking to go short since you are now below the orange line (and subsequently would have lost)Ignored
DislikedI did play around backtesting on yen pairs with a 00 GMT time and it worked well.Ignored