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Simple easy LOPEN strategy (eurusd) 46 replies

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Attachments: DOS. Daily Open Strategy. Easy To Trade, Simple To Win (EA..soon)
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DOS. Daily Open Strategy. Easy To Trade, Simple To Win (EA..soon)

Here is a comparison for DOS.

Trades start at 00:00 (3.0 pips spread) VS. Trades start at 01:00 (1.0 pip spread)
Test in Control Points mode for faster backtest.
Results in Every Tick mode are almost the same, so I prefer running BT in CP mode except in finalizing the settings.
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[quote = smilee89; 13250986] Aquí hay una comparación para DOS. Las operaciones comienzan a las 00:00 (diferencial de 3,0 pips) VS. Las operaciones comienzan a las 01:00 (margen de 1,0 pip). Pruebe en el modo de puntos de control para una prueba más rápida. Los resultados en el modo Every Tick son casi los mismos, por lo que prefiero ejecutar BT en modo CP excepto al finalizar la configuración. {imagen} {imagen} [/ quote]

In your initial message you say that you should not use SL and in these tests you use a 20 pip SL, is it a variant of the system or really if you use SL?
In your initial message you say that you should not use SL and in these tests you use a 20 pip SL, is it a variant of the system or really if you use SL?
Quoting smilee89
Does anyone know how to build an indicator to be multicurrency? I would like to attach it to only one chart and if body size of current bar or last closed bar (user defined) is bigger than minimum value at any pair, there will be an alert by pop-up window and sound alert with name of the pair.
Hello smilee89!
I accepted your challenge and coded this indicator for a better overview of the 28 main forex pairs.
You just have to attach to a single chart and alerts will pop up during the first minute after Midnight (user defined), preferably asap when the new D1 Bar begins (your broker time).
My strategy only differs from yours in the second part, when you need to open more trades to close a few days later as a positive "basket" of the same pair (reminds me of false martingale...)
Instead, I'd rather lower the "minimum Bar Body Size" and TP and then close all the remaining pairs during the day, already in "positive ground".
I hope it helps.
Cheers!
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Quoting ze0202
{quote} Hello smilee89! I accepted your challenge and coded this indicator for a better overview of the 28 main forex pairs. You just have to attach to a single chart and alerts will pop up during the first minute after Midnight (user defined), preferably asap when the new D1 Bar begins (your broker time). My strategy only differs from yours in the second part, when you need to open more trades to close a few days later as a positive "basket" of the same pair (reminds me of false martingale...) Instead, I'd rather lower the "minimum Bar Body Size"...
Thank you. I appreciate that.
I meant a different functionality a bit.
Once you attach the indicator to a chart, no matter the time of day you do it, the indicator will alert for last closed daily bar with body size bigger than minimum value and also if there is a current open daily bar which already exceeds this minimum value, the indicator will alert for this too.
The matrix in top left corner is nice too, and I prefer it shows both the body size of previous day and current day (that means 2 columns of "body size". Previous and Current).

Can you please explain in other words: "lower the minimum Bar Body Size" and TP and then close all the remaining pairs during the day, already in "positive ground"."

Thanks again.
Quoting smilee89
{quote} Thank you. I appreciate that. I meant a different functionality a bit. Once you attach the indicator to a chart, no matter the time of day you do it, the indicator will alert for last closed daily bar with body size bigger than minimum value and also if there is a current open daily bar which already exceeds this minimum value, the indicator will alert for this too. The matrix in top left corner is nice too, and I prefer it shows both the body size of previous day and current day (that means 2 columns of "body size". Previous and Current)....
That´s easy to do, but will take some time.
So as far as I understood, for the previous bar, the pop up window will came up as soon as you attach the indicator. For the current bar, as soon as the limit is crossed, and only once in both cases.

I meant, lower the limits and TP (as you suggested for lower Time frames) for every pair and then work with all different pairs together as a "basket".
Quoting ze0202
{quote} That´s easy to do, but will take some time. So as far as I understood, for the previous bar, the pop up window will came up as soon as you attach the indicator. as soon as the limit is crossed, and only once in both cases.
Yes.

As to lower TF and basket all pairs together, I am not sure it will serve you well.
Tip:
Although EURAUD has the minimum body size for last Daily closed bar, today it opened in a gap into the direction of the trade that was supposed to be opened (Short).
In this case, the gap is more than 50% of the TP, so I will skip this trade.

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Quoting ze0202
{quote} That´s easy to do, but will take some time. So as far as I understood, for the previous bar, the pop up window will came up as soon as you attach the indicator. For the current bar, as soon as the limit is crossed, and only once in both cases. I meant, lower the limits and TP (as you suggested for lower Time frames) for every pair and then work with all different pairs together as a "basket".
By the way, your indi seems to not working on my chart. All body sizes are 0.
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EA...Took this trade.
GM
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Today, Monday, I waited for the London opening to open the 2nd short in the NZDUSD pair.
Quoting jmss59
GM {image} Today, Monday, I waited for the London opening to open the 2nd short in the NZDUSD pair.
I don't see any reason to open initial trade in NZDUSD in the last week.
Quoting smilee89
{quote} By the way, your indi seems to not working on my chart. All body sizes are 0.
Not working on my chart either.
Regards
Quoting howard
{quote} Not working on my chart either.
it's fine here
It is a very useful indicator to see all body sizes at a glance
Hopefully the problem will be sorted by ze0202
Regards
Guys,

this indi is complex and performs lots of calculations, so it'll take some time till it displays all the info. Be patient.
I'm using a i7 2.80 GHz with 24 GB RAM... less then this won't make things easy for you...
If it doesn't show up the 2nd column data after a while, close the chart with the indi and do it all again.
Meanwhile, I'm working on a better version...

See y'all soon
many set-up is forming for tom
check the yen pairs
Quoting jong65
many set-up is forming for tom check the yen pairs
hey all , just joined. Intresting but simple way to scalp the daily close, Im in NY so my close is 8pm eastern NY time. I like the TP preset to take profit while im at work. To many times We give pips back on daily trend following, the daily does not really trend that well now asays anyway. I dont have time to screen time during day, so this method seems pretty good. ANy receint experience from rookies using this for a while now? LOOKS like a lot of setups will take place tonight at close of daily candle. no stop loss set, TP 40pips im thinking. I have tried so many different strats on FF and elsewhere, paid for way too much creap. Hope this is my simple answer to a easy system.
Quoting jong65
many set-up is forming for tom check the yen pairs
Folks, I cant use symbol changer for pairs right? because I need one chart per pair since GBP pairs are different pip value count right? So setting of 110 pips for regular pairs, and GBP pairs need to be set to 220 pips?
Quoting Bluejay12
{quote} Folks, I cant use symbol changer for pairs right? because I need one chart per pair since GBP pairs are different pip value count right? So setting of 110 pips for regular pairs, and GBP pairs need to be set to 220 pips?
try to investigate on daily chart yourself. you will see, what should you do
Quoting WojakPips
{quote} try to investigate on daily chart yourself. you will see, what should you do
I see a pip is not the same value on gbp pairs , it’s double . So open up each pair on separate chart and set indicator to 110 pips for regular pairs and 220 for gbp pairs I assume
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