DislikedMaybe a filter for this is that once you get the reversal, make sure the 1 hour lines up. If so, set your limit order for the HIGH or LOW of the 4-hour bar.Ignored
SAR Method on 4hr Charts 234 replies
bo7a method... method for GBP/JPY 205 replies
Bodger Breakout Method 53 replies
Parabolic SAR on MT? 7 replies
DislikedMaybe a filter for this is that once you get the reversal, make sure the 1 hour lines up. If so, set your limit order for the HIGH or LOW of the 4-hour bar.Ignored
DislikedI took a few hours this morning to look at the last few months trades. I started with 4H and placed a verticle line on closed bar with SAR change and then went to 1H and entered on first closed bar in agreement with 4H and closed the trade with close of 1H SAR change.
There was one trade that was exited with the change of 4H instead of 1H.
I only looked at GBP/US and no spread:
Jan...+497, Feb...+503, Mar...+29, Apr...+48 and so far this month looks good.
I would love to do an extensive manual backtest for each pair of consideration all the way back to beginning of 2005.
I think locking in profits a.s.a.p. or move to 'BE', along with a few other tweeks, and this has merit.Ignored
DislikedHi BB
I use this exclusively for entries, and look for other PA for exits.Ignored
DislikedHey.....I'm the only member known as BB around here, this thread belongs to Bb..........
Sorry Bb...........I just couldn't resist.................Ignored
DislikedFor example, my GBPUSD trade is currently in very solid territory. I have not received a close signal, so it is still open, but I have at least moved the SL to BE to ensure that I will lose no money on this trade. I will post some early trade results in a few minutes.Ignored
DislikedHey.....I'm the only member known as BB around here, this thread belongs to Bb..........
Sorry Bb...........I just couldn't resist.................Ignored
DislikedMaybe I can be "little BB". I'm not getting into a turf war with you - you're quite the voice around this forum!Ignored
DislikedThen I guess that'd make me "bb"
Oy... this is getting confusing.Ignored
DislikedHey... I can think of a good trailing SL technique. Use the PSAR itself! That's what it's there for!
I'm being serious here. The only difference is you would lag it by one bar, so that you can still get out at a better price on the close of the bar that flips the PSAR in the other direction. Basically just put your stop order at the PSAR dot of the previous bar.Ignored
DislikedI just finished backtesting this against EURUSD only and only for the period from July, 2004 to June, 2005. I will do the entire backtest from 2004 to the present, but I'm getting pretty tired and I can't finish it tonight. But I wanted to share some of the initial info.
Stats:
Winning trades = 71
Losing trades = 56
Total pips = 2260
Maximum drawdown = 10%
Most consecutive losing trades = 5
The attached image shows the cumulative pips over the course of the year. The final total includes 3 pips which were subtracted from each trade to account for broker spread.Ignored