Logic will get you from A to B. Imagination will take you everywhere.
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DislikedGood Morning Masmp FX!
I need some help...I am now confused as to how to trade this system. Several posts back, for backtesting, you apparently abandoned the QQE indicator. Are we to discard this indicator? I have used this indicator in the past and have found it useful as a strength indicator. But, since you are so successful with this strategy, I want to be sure I am emulating your methodology.
Ok, then we are replacing the QQE with the Damiani Signal/Noise Trade indicator? How do we incorporate the use of this indicator?
I don't understand how you chose the particular price bar in this example? I understand your avoidance of the bar that exceeds 100 pips, but I don't understand why you entered when you did. Could you please elaborate for me?
Thanks so much for all your help...you are providing a great opportunity for all the rest of us!
Bob in WisconsinIgnored
DislikedHere is an example of a rare event, where you could safely put trade after a bar with more than 90 pips from open to close.Ignored
Quoting Masmp_FXDislikedand a candle with more than 90 pips from close to open, don't trade it, because you have 90% chances it will retrace back.Ignored
DislikedHi, the trade the you have marked in the picture is wrong, DMI is signalling a short signal, and gann hilo long, so all indicators don't agree as result no trade, but after that one you have a nice short trade with a lot of pips, The times of the progress Journal are right by Interbank FX, I think their time is GMT +1, and the spread is not counted, as soon as it gets the 75 pips.
But right now I was testing with different settings letting the profits run a little longer not killing them with my trailing stop to soon, but thats is a little more aggressive approach, that increase profits when you catch a good month, and increases losses when you face a ranging month, I will post the results for this year when I have them ready.
PS. I recommend you to use IBFX data feed, because I tried it once in other MT4 data feed, and because some brokers put a larger spread and invent spikes where they never existed, you may get different signals from other brokers data feed, changing the results too.
GraciasIgnored
DislikedThanks for your help.
The arrow place in the picture (NorthFinance) was just to show you that had differences between brokers.
In the following picture you can see that the trade is stoped by the TrailingStop. Do you entry again in the same trade?
GreetingsIgnored
Dislikedand also:
instead of not trading this bar, why not always enter at the break of the high/low of the prior bar and immediately give it a profit target of say 70-80 pips. If it indeed moves that far that quickly and if the likelyhood of a retrace after such a large movement within a bar is indeed that high, you'd have played this breakout bar well and you will very likely get a new entry a few bars further down the line.
If the breakout bar doesn't reach the the profit target, then adjust the profit target and stops per your current system at the open of the next bar.
Just an idea...
OhkaIgnored
DislikedHere is short trade. The idea i post the trade because i just want to know whether it follow the rules or not..
But Bullish Gartley also occurs at 1 hr tf.
If i follow DMI, i would get short, if i follow the bullish gartley i should long. But now i short....Ignored