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need simple indicator for Daily green/red candle 2 replies

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Daily green/red candle

Quoting TooSlow
{quote} {image} dimdel, you may want to save this and use it in the future.

its true
i need it
thanks
anyone with me?

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Quoting dimdel
anyone with me? {image}
Missed that. Too Early for me. Was sleeping

DD
.
Quoting Dildubai
{quote} Missed that. Too Early for me. Was sleeping DD .
right, is early to me too

just i was out, so i catch it......
Has anybody made an EA of this? Do you think it would be worth it, since then you can trade all 28 pairs if need be?
Quoting gselsidi12
Has anybody made an EA of this? Do you think it would be worth it, since then you can trade all 28 pairs if need be?
Hi
It'd be nice to have an EA and backtest the performances on all 28 pairs but unfortunately I'm not good in programming.
Are you able to code EA on MT4?

Thanks
Merka
Quoting Merka
{quote} Hi It'd be nice to have an EA and backtest the performances on all 28 pairs but unfortunately I'm not good in programming. Are you able to code EA on MT4? Thanks Merka
No but I can pay someone to, we can make a fund if people want to chip in on the cost and have it programmed, I also have a VPS server to run tests on, question is do you guys think this system is profitable?
Quoting gselsidi12
{quote} No but I can pay someone to, we can make a fund if people want to chip in on the cost and have it programmed, I also have a VPS server to run tests on, question is do you guys think this system is profitable?
Hi
No problems, we can share the cost. Thanks for the offer.

Is it a profitable system?
Dimdel will tell you YES.
I think as this is a mechanical system, It will work best when there is volatility in the market and worst on sideways.
The only way to find the average performance of this system is to backtest it running an EA over some years of backdata.

Try first to post the request for the EA here for free: http://www.forexfactory.com/showthre...99#post9207399

Stay in touch.
Cheers.
Merka
Quoting Merka
{quote} Hi No problems, we can share the cost. Thanks for the offer. Is it a profitable system? Dimdel will tell you YES. I think as this is a mechanical system, It will work best when there is volatility in the market and worst on sideways. The only way to find the average performance of this system is to backtest it running an EA over some years of backdata. Try first to post the request for the EA here for free: http://www.forexfactory.com/showthre...99#post9207399 Stay in touch. Cheers. Merka
Well supposedly the market spent around 80% in consolidation therefore sideways markets, that would make it seem like a losing system. Anyway to filter sideways or volatile days? ATR or prior day candle size? Or will it automatically play itself out given if that a day isn't volatile it won't break prior lows/highs.

Dimdel chime in here and if you think your original or modified trading style is profitable(if it's mechanical enough to be coded)I will get an EA coded.

Thanks
Attempts at an EA have already come and gone multiple times. I have also created one.
It never worked. The system is mechanical in the sense of when and where to expect to trade, but the actual parameters are dependent on your trading style and trading sense. Like not trading into an obvious risky area, watching for non-farm Friday trades, etc.
Hi, I've tried this strategy o real account and it has very good results. The major thing in this strategy is take profit factor. For take profit I use method from D.I.B.S. trading strategy. That mean we open 2 orders - one with 1% risk ant TP level on 200 Fibo, another with 0,5% risk but no TP level, just follow 20 SMA trailing stop. So this order let us catch big moves.
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Quoting Nematomas
Hi, I've tried this strategy o real account and it has very good results. The major thing in this strategy is take profit factor. For take profit I use method from D.I.B.S. trading strategy. That mean we open 2 orders - one with 1% risk ant TP level on 200 Fibo, another with 0,5% risk but no TP level, just follow 20 SMA trailing stop. So this order let us catch big moves. {image}
Do you apply any additional filters or your take entries like original rules every bar/every color change?
hi friends
anyone with good results?
Quoting Nematomas
Hi, I've tried this strategy o real account and it has very good results. The major thing in this strategy is take profit factor. For take profit I use method from D.I.B.S. trading strategy. That mean we open 2 orders - one with 1% risk ant TP level on 200 Fibo, another with 0,5% risk but no TP level, just follow 20 SMA trailing stop. So this order let us catch big moves. {image}
very good nematomas
go on
Hi, dimdel.
Nice & easy strategy) I'm in!
Will start testing next week. Can you recommend any pairs?
Quoting antisystem
Hi, dimdel. Nice & easy strategy) I'm in! Will start testing next week. Can you recommend any pairs?
hi antisystem

you can use all the pairs but

i prefer only GBPJPY D1
less stress
Is there a workable EA for this strategy?
It looks quite simple & effective but still I need to trade through an EA due to my workload.
I would appreciate your assistance.
Quoting Ocsag
Is there a workable EA for this strategy? It looks quite simple & effective but still I need to trade through an EA due to my workload. I would appreciate your assistance.
hi oscag
i dont use EA because sometimes i close the order manually ( following the PA/trendlines/pivots etc )
Dimdel, do you still put 2 pending orders with different TP?
Quoting antisystem
Dimdel, do you still put 2 pending orders with different TP?
i put 2 orders
and i trade % (NO LOT)
example i risk 3% total ( 1 or 2 or 10 orders )
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