If you trade like me, you'll be homeless and broke within a week.
Goldilocks All Time Return:
-28.2%
Richard Donchian EA 31 replies
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DislikedIf, as appears to me, that you enter a sell at the highest low of the previous 4 weeks, then shouldn't the stop loss be at the lowest high of the previous 4 bars?
If so, that would be the red bar, 4 back and lower than the current bar.Ignored
DislikedHi mrhb30jr
please explain about nzd/usd
low of candel is about 0.7540 , why do you enter in 0.7567 ? do you enter in pullback? do we have to wait for 5sma for touch or cross the price line ?Ignored
DislikedHi tetis,
Noted, I entry on the 4PWClose and still in my observation if could be using in the future ...Ignored
Dislikedok my friend but in 1 post this is the rules:
1) Close short positions and go long whenever the price exceeds the highs of the previous 4
calendar weeks.
2) Close long positions and go short whenever the price falls below the lows of the previous 4
calendar weeks.Ignored
DislikedHi tetis,
Noted just two main simple rule of RD simple system, and 5SMA as the filter for the SL/Risk, where the entry point if the 4PWL break out ? this is my homework list need to observation :
1. entry ± 20/15 pips above/below the 4PWL or equal to 4PWC
2. entry ± 20/15 pips above/below 5SMA O/C
3. entry ± 20/15 pips after BKO the 4PWL on the pullback
4. entry ± 20/15 pips below the gap on current weekly open
those the entry type could be using for ur obsevation too Tetis which one is the better one, but don't forget SL/Risk 5SMA O/C...Ignored
DislikedIf, as appears to me, that you enter a sell at the highest low of the previous 4 weeks, then shouldn't the stop loss be at the lowest high of the previous 4 bars?
If so, that would be the red bar, 4 back and lower than the current bar.Ignored
Dislikedthanks mrhb
curious strategy
could you please tell me if the buy stop is well placed?
my English is bad, and there are things that still do not understandIgnored
DislikedI've been waiting for someone else to correct this but I see noone so far has. On the first chart posted you are not marking the high/low of the previous 4 week period you are marking the high/low of the 4th to last candle. This is a different thing.
You should draw a line at the highest price reached within the last 4 weekly candles and also at the lowest. When this price is breached either way then you should trade either way.
This system has proven to be fairly effective long term but whether market conditions have changed too much for...Ignored
DislikedDear Hugh Briss,
Just check the chart for the point C and B those are the 4 previous week high and your SL below the SMA - average 40-70 pips and then just check the result, my attention just on the value highest and the lowest value in four the previous week , this point usually will happen reversal of direction of , and if this area or this point are not passable , this is the understanding that came out of his theory rd, and i'm using the sma is to minimize the risk/SL
cheersIgnored
Dislikedanother chart of usdchf ..... i just put the indi #MTF MA with setting
for High, time period 10080, Shift - 4, MA - 1, Price - 2 and for Low time period 10080, Shift - 4, MA - 1, Price - 3 and i can see from the lower tf ....
cheersIgnored
DislikedDear Hugh Briss,
Just check the chart for the point C and B those are the 4 previous week high and your SL below the SMA - average 40-70 pips and then just check the result, my attention just on the value highest and the lowest value in four the previous week , this point usually will happen reversal of direction of , and if this area or this point are not passable , this is the understanding that came out of his theory rd, and i'm using the sma is to minimize the risk/SL
cheersIgnored