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-   -   Swing x1, x2, x3 Strategy by Kelvin (https://www.forexfactory.com/showthread.php?t=751543)

J1mm Apr 1, 2018 5:50am | Post# 21

Hello,

First thanks for the post!

Sorry for the question but, how are we backtesting this? as ZigZag repaints in manual backtesting all entries seems correct and the indicator (1,2,3) appears when ZigZag is drawn if I'm not wrong.

Regards,
Jimm

kelvinonw Apr 1, 2018 6:11am | Post# 22

Hello, First thanks for the post! Sorry for the question but, how are we backtesting this? as ZigZag repaints in manual backtesting all entries seems correct and the indicator (1,2,3) appears when ZigZag is drawn if I'm not wrong. Regards, Jimm
The strategy indicator doesn't repaint. it only complete its full cycle only when x3 close above/below x2 for buy and sell respectively.
if there isnt a close of x3 candle above x2 then there wouldn't be an alert.

so x3 candle close is the key to making it non repainting.

kelvinonw Apr 1, 2018 6:38am | Post# 23

3 Attachment(s)
thanks for the system, can pls upload templete?
i use this template.
kelvinstrategytemplate.tpl

Then this indy is just session indy. i just use it to make my chart look colorful
i-Sessions.ex4i-Sessions.mq4

qfx1987 Apr 1, 2018 9:02am | Post# 24

Indicator not wokring ...

diamonddbw Apr 1, 2018 12:34pm | Post# 25

1 Attachment(s)
Hi Kelvin. Need some help understanding UJ H4 chart from post #9.

Your MacD criteria for buy is:
FILTER FOR BUY

@ X3 MACD Value must be > Signal

In this example, that criteria is clearly met. However the post begins with you saying

"Some examples where x1, x2, x3 failed

But trades would have been avoided using MACD"

It seems to me that I'm not completely understanding your criteria. Please help me to comprehend what's going on in this chart. Value is a positive number 0.0003 while Signal is a negative number -.00868
Thanks,
Darryl
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Gigant Apr 1, 2018 12:39pm | Post# 26

thx for sharing !!!

kelvinonw Apr 1, 2018 1:23pm | Post# 27

Hi Kelvin. Need some help understanding UJ H4 chart from post #9. Your MacD criteria for buy is: FILTER FOR BUY @ X3 MACD Value must be > Signal In this example, that criteria is clearly met. However the post begins with you saying "Some examples where x1, x2, x3 failed But trades would have been avoided using MACD" It seems to me that I'm not completely understanding your criteria. Please help me to comprehend what's going on in this chart. Value is a positive number 0.0003 while Signal is a negative number -.00868 Thanks, Darryl {image}
Ya that image falls into the failed setup even with macd. i meant there are some cases were all the conditions are met and still it fails.. that usdjpy 4hr belongs to that category.

Criteria for buy still is


FILTER FOR BUY

@ X3 MACD Value must be > Signal

50d Apr 1, 2018 1:52pm | Post# 28

If its been good for 5years, then thats enough back/forward test.
I can only apply this to the daily chart as i have limited myself to that timeframe.

Always glad to learn something new.

cheers.

diamonddbw Apr 1, 2018 2:11pm | Post# 29

{quote} Ya that image falls into the failed setup even with macd. i meant there are some cases were all the conditions are met and still it fails.. that usdjpy 4hr belongs to that category. Criteria for buy still is FILTER FOR BUY @ X3 MACD Value must be > Signal
++++++++++++++++++++++++++

OK. Thanks for clarifying.

rafael5643 Apr 1, 2018 2:28pm | Post# 30

What kind of win % do you see with this?

cfudge Apr 1, 2018 10:15pm | Post# 31

2 Attachment(s)
Hi Kelvin
Not sure if I can PM pics so I will put them here.

Same rules as we were talking about (taking all signals...)

Chris
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kelvinonw Apr 1, 2018 10:27pm | Post# 32

Hi Kelvin Not sure if I can PM pics so I will put them here. Same rules as we were talking about (taking all signals...) Chris {image} {image}
Wow this is very impressive.

Making an E.A should be the next step to backtest and forward test.

cfudge Apr 1, 2018 11:20pm | Post# 33

{quote} Wow this is very impressive. Making an E.A should be the next step to backtest and forward test.
Yes...I don't use EAs but this is so simple to test that it would be nice to see if it pans out over longer times.

If anyone is interested the EA should simply take every signal (after close of #3 bar, no MACD or any other indicators) and put a stoploss above/below #1 bar.
The trade(s) will be closed at the opposite signal where we would set a new trade in that direction...so on and so on.

Kelvin please add or tell me to delete this post as this is your thread and these are not your initial rules.

Here are the results from some pairs from sept. to now
US30 10,184 pips
CHFJPY 1533 pips
GBPJPY 2278 pips
EURUSD 1072 pips

Chris

kelvinonw Apr 1, 2018 11:33pm | Post# 34

{quote} Yes...I don't use EAs but this is so simple to test that it would be nice to see if it pans out over longer times. If anyone is interested the EA should simply take every signal (after close of #3 bar, no MACD or any other indicators) and put a stoploss above/below #1 bar. The trade(s) will be closed at the opposite signal where we would set a new trade in that direction...so on and so on. Kelvin please add or tell me to delete this post as this is your thread and these are not your initial rules. Here are the results from some pairs from...
Chris
This is okay.
But should have the option of MACD indicator included with a true/false button. This is so we can test the variations.

E.A/indicator with these updates will be nice

dinhienhy Apr 2, 2018 12:14am | Post# 35

Nice thread Kelvin
Thanks,

pakeha Apr 2, 2018 12:40am | Post# 36

{quote} Yes...I don't use EAs but this is so simple to test that it would be nice to see if it pans out over longer times. If anyone is interested the EA should simply take every signal (after close of #3 bar, no MACD or any other indicators) and put a stoploss above/below #1 bar. The trade(s) will be closed at the opposite signal where we would set a new trade in that direction...so on and so on. Kelvin please add or tell me to delete this post as this is your thread and these are not your initial rules. Here are the results from some pairs from...
Chris, I notice that some of the signals occur when the #3 close is actually "in the cloud" as opposed to being above or below it. What was your decision on those?

cfudge Apr 2, 2018 11:28am | Post# 37

4 Attachment(s)
{quote} Chris, I notice that some of the signals occur when the #3 close is actually "in the cloud" as opposed to being above or below it. What was your decision on those?
Hi Pakeha

I have some examples here.
I would say as a general rule I would like to see most of the signal outside the cloud.
If there has been a decent move and the signal shows up amongst the cloud you could close and not re-open a new trade or simply move to BE. In most cases the SL is close by and will take you out.
See charts.

Chris
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kelvinonw Apr 2, 2018 12:19pm | Post# 38

4 Attachment(s)
FEW OF THE STRATEGY SIGNALS 02-04-2018

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There are other signals in smaller time frames in other pairs. An E.A/indy with the filter would do a better work. Can Anyone help with making E.A/Indy?

Arkangela Apr 2, 2018 1:20pm | Post# 39

Hello,

I don't understand the last trades. All trades must have been triggered last week, not today.
For AUD/NZD H4 on 29.03.2018 MACD value is above MACD signal -> no trade
EUR/CHF ok
EUR/JPY H4 signal appears on 27.03.2018 (and MACD value > MACD signal -> no trade) not on 29.03.2018 (I don't have this one on my chart)
NZD/CAD H4 Ok (I don't have this one on my chart)

KiidoX Apr 2, 2018 3:01pm | Post# 40

kelvinonw how do you determine your tp? U Wait for opposite signal?


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