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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)

You got me all wrong. Read my post, Im actually giving friendly advice in your quest in optimizing this. See above...

Fact is... with martingale, the risk is hidden from the historical result. This a probabilistic based strategy and anyone that does the proper research can find out the truth, the mathematical facts. Eventually, the losses catch up.

Take this advice and my advice above and whoever puts their hard-earned money in this will have a much brighter future.

My last friendly suggestions regarding this, withdraw profits continuously.

My best suggestion: allocate a minimum of funds you can afford to lose for this. Focus on strategies that open positions when in profit already, not the opposite, and you will eventually completely put martingale, pure probabilistic, and/or gambling type strategies behind you. I dont have anything against them, they can be fun, but just not for making a living long term...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
Quoting ChicagoRob
{quote} What were your typical TP levels for H4 bars?
In such trades, the TP is usually free and all positions must be closed when all currency pairs are in profit.
Once you go alien, you really do never go back
Quoting mtako
You got me all wrong. Read my post, Im actually giving friendly advice in your quest in optimizing this. See above... Fact is... with martingale, the risk is hidden from the historical result. This a probabilistic based strategy and anyone that does the proper research can find out the truth, the mathematical facts. Eventually, the losses catch up. Take this advice and my advice above and whoever puts their hard-earned money in this will have a much brighter future. My last friendly suggestions regarding this, withdraw profits continuously. My best...
This is not a martingale method. This is a strategy like any other strategies. Be sure to test it and comment later.
Once you go alien, you really do never go back
Quoting smilee89
{quote} As mentioned: strategy still needs some more investigations and also EA needs more modifications. Here is a simple test on 4H bars I made quick just now. Once again: it still needs more tests, but even without optimizations, it is very easy to get good results. {image}
Was responding to Aliens
For example: EURUSD, 4H bar. Same conditions, except different minimal body size and TP.

Minimal body size: 50.0 pips
TP: 20.0 pips
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Quoting Darryl
smilee89, Greetings from Houston TX. Just have a quick question. In post 1, you stated: *110 pips - depends on currency’s volatility. Can be 70 pips for low volatility currencies and on the other hand can be 150 pips for high volatility currencies. I can see the importance of this. Is there a simple way to figure this out for each currency pair? Thank you, Darryl
That's a great question, to look even deeper, what is the 110 pips based on NOW?

Just a random number that seems to work occasionally on some pairs, but will never give a signal on some pairs?

Because as pointed out, volatility will affect the signals: therefore, the indicator should be based on that, usually expressed as ADR

So the signal number needs to be a ratio of the ADR, maybe 1.5 times, maybe 2 times, or larger?

Be great if that calculation could be included in the indicator posted, any chance of that?

Seems you have done some testing, surely you have some conclusions on low range vs high range pairs?

Here is the chart of AUDCAD, with ADR(20) of 64 pips, at this current time, there is one good signal at 110 pips

Using 1.5 times 64 = 96 pips settings, there are more signals, good ones.

Ironically, the best signal is trigged at 95 pips as shown on the 2nd chart, maybe the ADR was lower at that time and it may have shown, who knows

This would be the folly of back testing, the ADR is a dynamic number, moves up and down with the last 20 days of volatility

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If you trade like me, you'll be homeless and broke within a week.
Texas-2-Step All Time Return: -28.1%
Quoting Erebus
{quote} That's a great question, to look even deeper, what is the 110 pips based on NOW? Just a random number that seems to work occasionally on some pairs, but will never give a signal on some pairs? Because as pointed out, volatility will affect the signals: therefore, the indicator should be based on that, usually expressed as ADR So the signal number needs to be a ratio of the ADR, maybe 1.5 times, maybe 2 times, or larger? Be great if that calculation could be included in the indicator posted, any chance of that? Seems you have done some testing,...
2nd time I say that here today:
Great minds think alike!

A similar machine learning calculator, to measure the right minimal size of body for each pair in a specific period, will be implemented in the upcoming EA.

Keep follow up.
Cheers.
What I did in the meantime, made up multiple Templates with different indicator settings, 80, 90, 100, 110, 120, 150

Now I can scan for the outlying signals that probably I would never pay attention to before

How good is the latest EURCAD, see chart! "I love trading EURCAD" said NO trader ever !

Well, I class myself as a breakout trader, so this reversal stuff is all new to me

Throw in some support and resistance level, enter small and go from there I guess

Cheers,

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If you trade like me, you'll be homeless and broke within a week.
Texas-2-Step All Time Return: -28.1%
Quoting Erebus
What I did in the meantime, made up multiple Templates with different indicator settings, 80, 90, 100, 110, 120, 150 Now I can scan for the outlying signals that probably I would never pay attention to before How good is the latest EURCAD, see chart! "I love trading EURCAD" said NO trader ever ! Well, I class myself as a breakout trader, so this reversal stuff is all new to me Throw in some support and resistance level, enter small and go from there I guess Cheers, {image}
I have tested EURCAD for you.
All trades are good.
Maximal consecutive trades to be opened in same basket = 1. That means basket of trades concluded 2 trades at the max.
see entries and exits.
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And here is EURCAD 4H bar
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Some screenshots from that test above

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What candlestick range was used as a reference point at 4H? Thanks
  • Post #53
  • Quote
  • Edited 12:18am Oct 9, 2020 12:07am | Edited 12:18am
Quoting iDentist
What candlestick range was used as a reference point at 4H? Thanks
For this EURCAD pair it was 50 pips body size. TP=20 pips.
In the screenshots above I left indicator on 120 pips so not all trades are marked with arrows.

Example:
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Many thanks)) what about TP for H4? . Some where 10-20 pips?
Sorry, just saw
Interesting. Will code this and see how it does, thanks.

Idea:

Candle range = can be dynamically configured based on % of the pair's ADR, ie. GU at 119 ADR * 75% = 89.
Initial TP can be set based on that idea as well.
Peace is more valuable than success.
LifeDrifts v1 [automated] All Time Return: -0.1%
Share your test result?
Quoting gellowmellow
Interesting. Will code this and see how it does, thanks. Idea: Candle range = can be dynamically configured based on % of the pair's ADR, ie. GU at 119 ADR * 75% = 89. Initial TP can be set based on that idea as well.
Already on it.
Anyway, it will be great to see if works the same.
Quoting gellowmellow
Interesting. Will code this and see how it does, thanks. Idea: Candle range = can be dynamically configured based on % of the pair's ADR, ie. GU at 119 ADR * 75% = 89. Initial TP can be set based on that idea as well.
So you are going for LESS that the ADR?

I thought the concept was to identify a wide ranging day, larger than usual, and catch the reversal?

Wait and see what you come up with, I have 123 for GBPUSD using ADR(20)

If you trade like me, you'll be homeless and broke within a week.
Texas-2-Step All Time Return: -28.1%
Quoting Erebus
{quote} So you are going for LESS that the ADR? I thought the concept was to identify a wide ranging day, larger than usual, and catch the reversal? Wait and see what you come up with, I have 123 for GBPUSD using ADR(20)
I took 100 daily candles from today (May-Oct), there are only 16 days with abs(c-o) > 100 pips.
A bit few for my liking, will need some tweaks here and there, let's see.
Peace is more valuable than success.
LifeDrifts v1 [automated] All Time Return: -0.1%
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