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  • Post #121
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  • Sep 10, 2020 5:28pm Sep 10, 2020 5:28pm
  •  Quants
  • Joined May 2015 | Status: ... | 446 Posts
Considering stats from 2018 then our chances to hit one of those are just %8.
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  • Post #122
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  • Sep 11, 2020 2:43pm Sep 11, 2020 2:43pm
  •  js497
  • | Joined Dec 2011 | Status: Member | 163 Posts
Quoting Quants
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Considering stats from 2018 then our chances to hit one of those are just %8. {image}
Ignored
Can't wait to test this :-)
 
 
  • Post #123
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  • Edited at 4:37am Sep 13, 2020 4:21am | Edited at 4:37am
  •  Quants
  • Joined May 2015 | Status: ... | 446 Posts
Added TakeProfit Pip Check.
It means, Once HL or LH is broken. We have atleast %80 of the time occured for LH and HL price took the high and low of the break candles and moved atleast +5 pip further.
So this is Distance to the low or high and adittionally 5 pip

There is super slight difference with 0 pip and 5 pip. Means once those Highs or Lows are taken out, Price likely to travel +5 pip more with %99-95 rate. Thats crazy. Ofcourse Drawdown is not calculated that case. Its followed untill the opposite break happens.

It tells us that literally if you place limit order to those highs and lows for +5 from high /-5 from low pips it would be worked properly %99 to %95 of the time. With the exit of next Opposite or same directional break.. Calculating total Pip count at the opposite exits which considered as lose would give us conclusion whether we have been profitable or not for the checked data period.


Considering there are 1pip spread brokers, Might Good chance to be profitable without any filters just with basic approach..

The other approach can be calculating the consectuive failures that is not happened for +5 pip.. Waiting for the failure and going after that gives us even better odds to win..


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  • Post #124
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  • Sep 13, 2020 6:40am Sep 13, 2020 6:40am
  •  Quants
  • Joined May 2015 | Status: ... | 446 Posts
Now I will combine above idea with renko stats of 5-10 brick patterns and zones. So I can keep profitable trades and odds in my favor hopefully.
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  • Post #125
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  • Sep 13, 2020 7:12am Sep 13, 2020 7:12am
  •  Merka
  • Joined Jan 2016 | Status: Member | 1,621 Posts
Quoting Quants
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Now I will combine above idea with renko stats of 5-10 brick patterns and zones. So I can keep profitable trades and odds in my favor hopefully.
Ignored
What about SL.
Sometimes before moving in your direction will go against you for a while.
Risk/reward ratio can't be 1:1 because you will just hit SL often.
To make it worth you need to have negative Risk/Reward ratio.
Agree?
 
 
  • Post #126
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  • Sep 13, 2020 12:53pm Sep 13, 2020 12:53pm
  •  Quants
  • Joined May 2015 | Status: ... | 446 Posts
Quoting Merka
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{quote} What about SL. Sometimes before moving in your direction will go against you for a while. Risk/reward ratio can't be 1:1 because you will just hit SL often. To make it worth you need to have negative Risk/Reward ratio. Agree?
Ignored
Yes it does go and close against you %2 of the time and none of them are more than 500 pips.
I will not beg anyone to make money for them
 
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  • Post #127
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  • Edited at 1:39pm Sep 13, 2020 1:21pm | Edited at 1:39pm
  •  Quants
  • Joined May 2015 | Status: ... | 446 Posts
Here is the thing.
Imagine there is 1 box with 100 papers. Inside of this 1 box there is 2 papers written FAIL.
If you keep picking from that box. Sooner or later you will find those failures.

Now imagine you have 100 different boxes.
You can keep taking 1 paper from each.. So at the end you can still picked 100 papers and none of them are failure ones.

So thats why if we keep taking every signal we will sooner or later fail. That is my reason to stay away from EA' They will fail sooner or later.

However when we discount the spread 1 pip and remain 4 pip profit at net still might be positive compare to the negative loosers one that happens %2 of the time. As there is an exit. Not calculated but im sure its slightly profitable.

Now, Think that your probability of getting car accident. If you take every car in the world , Then yes you will get that probability very easly.
But we pick random cars. So chances are getting decreased ? I dont know.
"Bayes Theoram says if an event has already happened, it will not effect the next event" Now lets give 1 coin to 8 Billion people.
And lets make them throw it. What are the odds to get 8 Billion heads same at the same time at first try?

Well. Its sounds pretty unrealistic.
But take 2 guys and make them throw the coin. You will see they can get 2 heads very quickly.

But it sounds very imaginery when we increase the number... There is just no difference with 2 heads and 8billion heads at once...

If there was flights one each another and i take every of them. I will get the failure and crash. Those stats of plane failure are depend on the past.
The reality that is . How experienced is the pilot, what was the weather. What is the probability of getting hit by birds at air so on.

As you know the odds being in plane crash are very very low.. Because we are not taking every flight in the world. Else case i think our chances would increased to be in the one ..

How many times that plane got an issue at air? Was there any accident on the same plane road?

Thoose are all the questions. None of them guarantee the future. They just give the sense.

Anyway. I dont know if this proven. But that is one of the reasons , I will not take everything i see. We can see call some trades and respect it like 100 different box. Take it on random times. With X filter. So your chances to hit that %2 will decrease.

But still you can pick valid paper out of 99 box. and at 100th you can hit the failure paper.

If you do that 1000 time and see how many times you have survived those 100 boxes without getting the failure paper. That is your real probability.

However, %50 - 50 WE fail on next or not hehe

PS.Few days ago i seen on the news. The guy dead while walking with a fallen window glass from 15th floor. While walking. Lady near him survived with 0 damage at 50cm distance..
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  • Post #128
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  • Sep 13, 2020 5:24pm Sep 13, 2020 5:24pm
  •  acetrader
  • Joined Feb 2006 | Status: Member | 1,674 Posts
Quoting Quants
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One interesting thing is this. When i swapped my Charts to 15 min. I have found that We have %37 of the time That once Higher low break happens on EURUSD since JUN. It does not take that low untill opposite LowerHigh is broken. It means. I can just set my SL Below of that candle and wait to exit when the opposite LowerHigh break happens. This looks like that : {image}{image}
Ignored

Hi Quants,
I have been reading along with your thread & would have expected more to have joined by now. Your thread is spot on as it is all about NUMBERS, PROBABILITIES & MOVEMENT. Would you kindly elaborate on the above statement along with more chart samples & do you know of an indicator that would point out that pattern? Thank you for your response! Best of trades to you.
1
 
  • Post #129
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  • Sep 14, 2020 1:04pm Sep 14, 2020 1:04pm
  •  Quants
  • Joined May 2015 | Status: ... | 446 Posts
This happened today.
Once that high is broken that was +30 pips without any drawdown.
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  • Post #130
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  • Sep 14, 2020 1:07pm Sep 14, 2020 1:07pm
  •  Quants
  • Joined May 2015 | Status: ... | 446 Posts
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H4 Candle close was a little further before that High break candle. Anyway that all looks sweet.
This is how i read it
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  • Post #131
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  • Sep 14, 2020 1:09pm Sep 14, 2020 1:09pm
  •  Anusragger
  • | Joined Nov 2012 | Status: No Impact Member (bottom 1%) | 740 Posts
I have used zigzag in a similar way. Wait for a new leg to appear and trade the continuation. Breakout of the hl or zigzag breakout on a smaller timeframe. Zigzag "repaints" a lot so....
 
 
  • Post #132
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  • Sep 14, 2020 1:12pm Sep 14, 2020 1:12pm
  •  Quants
  • Joined May 2015 | Status: ... | 446 Posts
Quoting Anusragger
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I have used zigzag in a similar way. Wait for a new leg to appear and trade the continuation. Breakout of the hl or zigzag breakout on a smaller timeframe. Zigzag "repaints" a lot so....
Ignored
Its not zigzag, Fractals and none of those are repaints
I will not beg anyone to make money for them
 
 
  • Post #133
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  • Sep 14, 2020 1:14pm Sep 14, 2020 1:14pm
  •  Anusragger
  • | Joined Nov 2012 | Status: No Impact Member (bottom 1%) | 740 Posts
I used semafor true for history of the zigzag. I tried to code a distribution table in which the nr. of dot-series are presented.
1 dot 10 times
2 dots 26 times
3 dots 42 times
Etc
 
 
  • Post #134
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  • Sep 14, 2020 1:15pm Sep 14, 2020 1:15pm
  •  Anusragger
  • | Joined Nov 2012 | Status: No Impact Member (bottom 1%) | 740 Posts
Quoting Quants
Disliked
{quote} Its not zigzag, Fractals and none of those are repaints
Ignored
Who said that and why is that relevant?
 
 
  • Post #135
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  • Sep 14, 2020 1:25pm Sep 14, 2020 1:25pm
  •  Quants
  • Joined May 2015 | Status: ... | 446 Posts
Quoting Anusragger
Disliked
{quote} Who said that and why is that relevant?
Ignored
I mean, I am using Fractals Not Zigzag. My code is not repainting.
I will not beg anyone to make money for them
 
 
  • Post #136
  • Quote
  • Sep 14, 2020 1:32pm Sep 14, 2020 1:32pm
  •  Anusragger
  • | Joined Nov 2012 | Status: No Impact Member (bottom 1%) | 740 Posts
Quoting Quants
Disliked
{quote} I mean, I am using Fractals Not Zigzag. My code is not repainting.
Ignored
Yes I know. But I was using the same idea but instead of fractals I used zz. And the fact that zz repaints a lot is what is great. I wanted to know what the distribution of the repainting was (how many bars went higher and hoe many times).
 
 
  • Post #137
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  • Sep 14, 2020 1:58pm Sep 14, 2020 1:58pm
  •  Quants
  • Joined May 2015 | Status: ... | 446 Posts
Quoting Anusragger
Disliked
{quote} Yes I know. But I was using the same idea but instead of fractals I used zz. And the fact that zz repaints a lot is what is great. I wanted to know what the distribution of the repainting was (how many bars went higher and hoe many times).
Ignored
I dont like anything that repaints.. Lower High and Higher Low are not subjective or changeable. Once it generated there is just no reason for it to repaint. Higher high and lower low can repaint based on your Period.

If you have some stats feel free to share here. Im sure some people out there that reading this thread getting benefit.. Not much contributors but people are learning
I will not beg anyone to make money for them
 
 
  • Post #138
  • Quote
  • Sep 14, 2020 3:17pm Sep 14, 2020 3:17pm
  •  Adenn
  • | Joined Jun 2020 | Status: Member | 6 Posts
Can I have indicator plz
 
 
  • Post #139
  • Quote
  • Sep 15, 2020 5:04am Sep 15, 2020 5:04am
  •  Quants
  • Joined May 2015 | Status: ... | 446 Posts
AUDUSD Today. The high crossed for +10 pips

EURJPY

USDCAD
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  • Post #140
  • Quote
  • Sep 15, 2020 5:07am Sep 15, 2020 5:07am
  •  Quants
  • Joined May 2015 | Status: ... | 446 Posts
Soon for GBPJPY we may have signal.
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