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Opening price US30

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  • Post #1,081
  • Quote
  • Edited 9:25am Jun 18, 2021 6:56am | Edited 9:25am
  •  LarryK
  • | Joined May 2009 | Status: Member | 311 Posts
Quoting trader3690
Disliked
{quote} After this new one you don't need first one. ATTACHNG IMAGE OF INPUTS I MADE. This is different will take trade at your chosen time. 16:30 I included 3 different times like if someone want trade at 16:00 too. Keeping all times same will trade once that time. You can choose 3 different times of the day. Included Martingale in opposite direction too. {image}
Ignored
Hi
Can you clarify the purpose of the 3 times

If you want to trade the 13 17 4H hi lo breakout or any other hi lo of a number of hours what would the settings be for each of the 3 hours in the EA

Thank you for your assistance so far


Edit
I think I have found out that I should be using the HiLo breakout EA for the above purposes!!
 
 
  • Post #1,082
  • Quote
  • Jun 18, 2021 7:54am Jun 18, 2021 7:54am
  •  since80808
  • Joined Sep 2008 | Status: Member | 757 Posts
Quoting trader3690
Disliked
Ok. EA is ready. I am giving inputs that you can change too. To take trade at 16:30 make all times same as default. This ea you can use for any time. {file} {image}
Ignored
Good afternoon!
Thank you for your work!
May I ask you to illustrate the slippage, gap and "after how many pips move" settings on a chart? How are they dealed with the method of the forex1x8? I mean which one of them is for
Quoting forex1x8
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{quote} orders placed 30 pips away from the opening price of the 16:30 M30 candle
Ignored
?
 
 
  • Post #1,083
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  • Jun 18, 2021 11:06am Jun 18, 2021 11:06am
  •  shadmar
  • | Joined Apr 2020 | Status: Member | 89 Posts
June week 1-3, 1:2RR, 0.5lot, +$101 so far.

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  • Post #1,084
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  • Jun 21, 2021 2:13pm Jun 21, 2021 2:13pm
  •  montego
  • | Joined Jan 2014 | Status: Member | 1,058 Posts
Quoting shadmar
Disliked
June week 1-3, 1:2RR, 0.5lot, +$101 so far. {image}
Ignored
Great result, Is the EA us30 your trading with available?
 
 
  • Post #1,085
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  • Jun 23, 2021 10:20am Jun 23, 2021 10:20am
  •  msnizam
  • | Joined Nov 2009 | Status: Member | 12 Posts
MY Analysis today 23/06/2021
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  • Post #1,086
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  • Jun 28, 2021 9:35am Jun 28, 2021 9:35am
  •  sofiecoco
  • | Joined Apr 2017 | Status: Member | 61 Posts
Quoting trader3690
Disliked
Ok. EA is ready. I am giving inputs that you can change too. To take trade at 16:30 make all times same as default. This ea you can use for any time. {file} {image}
Ignored
Thank you for the EA! I tried to use it today and no trades were open. Could you advise? Thanks.
 
 
  • Post #1,087
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  • Jul 10, 2021 10:35am Jul 10, 2021 10:35am
  •  jjibl
  • | Joined Sep 2007 | Status: Member | 194 Posts
Quoting forex1x8
Disliked
{quote} Good morning everyone. I will try to explain in a simple way what method 2 is. what is ADR? Simply put, ADR is the difference between the high of the day (32.952) and low of the day (32.777) see the image. At the moment, we have 174.60 pips of ADR. We know that the greatest volatility of this asset occurs after 16:30 (broker) We know that this pair at least has a daily ADR of 400 pips, right? Let's reason !!! If the asset has an average daily ADR of 400 pips and when it arrives at 16:30 it has 174.60 pips of ADR, it is likely that it will...
Ignored
Sorry for my ignorance but I don't understand how "from opening BUY STOP 32,960 STOP 32,834 (20 pips down from the opening price) 126 pips of STOP loss" or how did you find these values?
Thanks
 
 
  • Post #1,088
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  • Jul 12, 2021 1:19pm Jul 12, 2021 1:19pm
  •  forex1x8
  • Joined May 2018 | Status: Member | 315 Posts
Quoting jjibl
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{quote} Sorry for my ignorance but I don't understand how "from opening BUY STOP 32,960 STOP 32,834 (20 pips down from the opening price) 126 pips of STOP loss" or how did you find these values? Thanks
Ignored
Good afternoon these values, which I used as an example was on March 15th.
 
 
  • Post #1,089
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  • Jul 12, 2021 2:14pm Jul 12, 2021 2:14pm
  •  jjibl
  • | Joined Sep 2007 | Status: Member | 194 Posts
Quoting forex1x8
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{quote} Good afternoon these values, which I used as an example was on March 15th.
Ignored
Ok
Obrigado
 
 
  • Post #1,090
  • Quote
  • Jul 14, 2021 11:15am Jul 14, 2021 11:15am
  •  liberty55
  • | Joined Jul 2010 | Status: Member | 246 Posts
thank youat all and speficicaly Forex1x8... I trade 2-3 days/ week look the result after 1 month....

have a lot a green pips

JP
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  • Post #1,091
  • Quote
  • Jul 14, 2021 11:37am Jul 14, 2021 11:37am
  •  forex1x8
  • Joined May 2018 | Status: Member | 315 Posts
Quoting liberty55
Disliked
thank youat all and speficicaly Forex1x8... I trade 2-3 days/ week look the result after 1 month.... have a lot a green pips JP {image}
Ignored
Congratulations my friend.
I always said...Simple and effective system.
A hug
 
 
  • Post #1,092
  • Quote
  • Jul 15, 2021 8:35am Jul 15, 2021 8:35am
  •  liberty55
  • | Joined Jul 2010 | Status: Member | 246 Posts
you are ok...simple and effective system.....at 16h30 very very good time to entry and with a recuperation strategy....no problem...KISS

JP
 
 
  • Post #1,093
  • Quote
  • Jul 15, 2021 11:57am Jul 15, 2021 11:57am
  •  pret
  • | Joined Jan 2009 | Status: Member | 183 Posts
Order open as per EA on default settings
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  • Post #1,094
  • Quote
  • Jul 15, 2021 12:06pm Jul 15, 2021 12:06pm
  •  pret
  • | Joined Jan 2009 | Status: Member | 183 Posts
Quoting pret
Disliked
Order open as per EA on default settings {image}
Ignored
SL hit
 
 
  • Post #1,095
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  • Jul 15, 2021 12:14pm Jul 15, 2021 12:14pm
  •  pret
  • | Joined Jan 2009 | Status: Member | 183 Posts
Sell order opened
Attached Image
 
 
  • Post #1,096
  • Quote
  • Jul 15, 2021 1:32pm Jul 15, 2021 1:32pm
  •  pret
  • | Joined Jan 2009 | Status: Member | 183 Posts
Quoting pret
Disliked
Sell order opened {image}
Ignored
Sell order hit SL
 
 
  • Post #1,097
  • Quote
  • Jul 18, 2021 9:24am Jul 18, 2021 9:24am
  •  shadmar
  • | Joined Apr 2020 | Status: Member | 89 Posts
Lots : 0.5
TP : 10000
SL : 5000
RR is 2:1

May : +$467
June : +$155
July current : -$16

Half of July not going so great till now, but still 2 weeks to trade.

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2
  • Post #1,098
  • Quote
  • Edited 12:11pm Jul 18, 2021 11:46am | Edited 12:11pm
  •  scherzi
  • Joined Aug 2013 | Status: Member | 582 Posts
Quoting Erebus
Disliked
Why are you trading the DOW in such random methods? Follow, and learn, from an expert https://www.youtube.com/c/TraderTom/videos {image}
Ignored
The test failed, completely. I think Tom is wrong.

Test result 1 is right, 0 is wrong.
Attached Image

I have checked it over 24 weeks (~6 months) and my database shows that it makes no difference wether Friday trades below Thursday for what it will happen on Monday.

5 times it traded above and 5 times it traded below...

Could you bring the study that Tom did? Because the data shows another thing.

The complete results including null days where the setup is not present.
Attached Image


Here is the code:
Inserted Code
SELECT
 
qry.date_gmt_plus_3
,qry.[high] as monday_high
,qry.second_day_high as past_friday_high
,qry.third_day_high as past_thursday_high
,
CASE
WHEN qry.second_day_high<qry.third_day_high AND qry.second_day_high>qry.[high] THEN 1
WHEN qry.second_day_high<qry.third_day_high AND qry.second_day_high<=qry.[high] THEN 0
ELSE NULL
END
 
FROM (
select
date_gmt_plus_3,
DATEPART(weekday,date_gmt_plus_3) first_day,
LAG(DATEPART(weekday,date_gmt_plus_3),1) OVER ( order by date_gmt_plus_3) second_day,
LAG(DATEPART(weekday,date_gmt_plus_3),2) OVER ( order by date_gmt_plus_3) third_day
,[high]
,LAG([high],1) OVER ( order by date_gmt_plus_3) second_day_high
,LAG([high],2) OVER ( order by date_gmt_plus_3) third_day_high
 
FROM tbl_MT5_data_filtered  as t
 
where timeframe='PERIOD_D1'
 
and symbol='US30'
 ) as qry
 where qry.first_day=2
 and second_day is not null and third_day is not null
 order by qry.date_gmt_plus_3


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For other assets, I do not have too much daily data, but see that the odds are converging in 50%, this is, a completely random event.
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  • Post #1,099
  • Quote
  • Jul 18, 2021 2:22pm Jul 18, 2021 2:22pm
  •  Fxcptrading
  • | Joined Jul 2021 | Status: Junior Member | 1 Post
I have back tested and found similar results. Random at best. In my opinion, this basic form of trading is not very sophisticated, yet is pitched as a "revelation" in Dow trading. Look, I've been trading the markets for over 30+ years. If it were that simple, then everyone would be doing it, right? Trading is a game of probabilities and sets of trades based off a static plan that is repeatable. I stumbled across Trader Tom's site (basic and disjointed) and his YouTube stream where he trades equity market CFDs. Again, in my opinion, I find his trading style that of a degenerate junkie gambler. Not very sophisticated and certainly one might be lead to destroy their account if they follow his trades.

Newbies need a more streamlined and risk adverse approach. If your a sophisticated "scalper" then his style might work for you. But then again maybe not. That might be the main reason why everything he provides is "free". I think my mom told me a long time ago, nothing in life is free. So, trade what you know and see. Have a tight and risk adverse trading plan, and block and tackle your way to profits. If we can all make Millions in a few weeks, I don't think we would be in this community trying to learn from each other.

Peace out...
 
5
  • Post #1,100
  • Quote
  • Jul 19, 2021 10:28am Jul 19, 2021 10:28am
  •  forex1x8
  • Joined May 2018 | Status: Member | 315 Posts
Good Morning That's why I stopped doing my posts. I opened the topic to start an exchange of information, but what did I see? I saw people attacking and running away from the topic. Anyway, I don't want to dwell on this conversation... The goal is to perfect a favorable risk vs. reward within the ideas I've shown. We could be way off on the walk... all together.
 
7
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