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Attachments: Aibs - another inside bar strategy
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Aibs - another inside bar strategy

I back-tested this strategy manually over 6 pairs using my own money management and more specific rules and was able to get almost 4000 pips over the past 3 months. It has potential. It definitely requires the trader to be cool and patient.
Quoting JAKammus
I back-tested this strategy manually over 6 pairs using my own money management and more specific rules and was able to get almost 4000 pips over the past 3 months. It has potential. It definitely requires the trader to be cool and patient.
Willing to share? Fair enough, MM is personal, however rules are open for discussion, no?
Quoting lemercenaire
{quote} Willing to share? Fair enough, MM is personal, however rules are open for discussion, no?
In the 4H look for inside bars. Be reasonable and only choose the ones with decent size (this is important because of SL)

I placed my trades exactly 5 pips above and 5 pips below the HL.

If the trade doesn't trigger within 25 candles on 15M cancel the orders.

SL goes on the H or L from entry point which is 5 pips above HL.

TP is 1:1

Now, I use an EA that I paid mathtrader7 to develop for me. Its essentially a trail stop that scales position.

Look at the image below to help understand.

Yellow box is the inside bar drawn on 4H.
Blue box is the 5 pip gap. As you can see it opened orders in both directions.
---We lost 18 pips short
---We gained 36 pips long

Assuming you oped your positions with 0.5 lot.
The first time it closes for 18 pips it will close half the position, so you have 0.25 running.
the second time it closes for 36 pips it will close another half, so you have 0.12 running.
the third time it closes it hit SL which was trailed to 18 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 1234.PNG Size: 89 KB
Quoting JAKammus
{quote} In the 4H look for inside bars. Be reasonable and only choose the ones with decent size (this is important because of SL) I placed my trades exactly 5 pips above and 5 pips below the HL. If the trade doesn't trigger within 25 candles on 15M cancel the orders. SL goes on the H or L from entry point which is 5 pips above HL. TP is 1:1 Now, I use an EA that I paid mathtrader7 to develop for me. Its essentially a trail stop that scales position. Look at the image below to help understand. Yellow box is the inside bar drawn on 4H. Blue box is...
Thanks for that, JAKammus. Much appreciated response.
Quoting JAKammus
{quote} In the 4H look for inside bars. Be reasonable and only choose the ones with decent size (this is important because of SL) I placed my trades exactly 5 pips above and 5 pips below the HL. If the trade doesn't trigger within 25 candles on 15M cancel the orders. SL goes on the H or L from entry point which is 5 pips above HL. TP is 1:1 Now, I use an EA that I paid mathtrader7 to develop for me. Its essentially a trail stop that scales position. Look at the image below to help understand. Yellow box is the inside bar drawn on 4H. Blue box is...
What is the name of the indicator in the upper left hand corner?
Are you permitted to share the .mq4 file?
Thanks.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting TooSlow
{quote} What is the name of the indicator in the upper left hand corner? Are you permitted to share the .mq4 file? Thanks. Cheers!
That is not an indicator. Its trading view charting platform where I do my analysis.
Quoting JAKammus
{quote} That is not an indicator. Its trading view charting platform where I do my analysis.
What do the symbols mean or indicate?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting TooSlow
{quote} What do the symbols mean or indicate?
Nothing really. They just make my indicators visible or invisible, and allow me to configure them as needed
JAKammus very good job!!! Well done!! Keep doing!!
Quoting Dreamliner
Slywoox, have you been testing through major news events? Still put on the trades?
Yes I am trading. If I see Inside Bar and next few days coming Non-Farm news, so no take this.
RRRRAAAAGGHHH...!!!!
looks good, but i still dont get it..
if get indicator means ..... it will be easy to follow
Success is a Journey Not a Destination....... kind regards ramzam
Quoting ramzam
if get indicator means ..... it will be easy to follow
indicator already here.. click "papper clip" above.
Very interesting approach. Looking forward to giving it a try. Thanks for sharing.
Incidentally three pairs have formed new inside bars on D1 charts for a Sunday night entry: AUDUSD, EURJPY and GBPUSD.
  • Post #75
  • Quote
  • Edited 8:38am Dec 10, 2016 8:10am | Edited 8:38am
Found another inside bar indi. Other 2 Indis I found not reliable.
Attached File(s)
File Type: mq4 IB_Indicator.mq4   6 KB | 632 downloads
Quoting JAKammus
{quote} In the 4H look for inside bars. Be reasonable and only choose the ones with decent size (this is important because of SL) I placed my trades exactly 5 pips above and 5 pips below the HL. If the trade doesn't trigger within 25 candles on 15M cancel the orders. SL goes on the H or L from entry point which is 5 pips above HL. TP is 1:1 Now, I use an EA that I paid mathtrader7 to develop for me. Its essentially a trail stop that scales position. Look at the image below to help understand. Yellow box is the inside bar drawn on 4H. Blue box is...

How is the EA's performance?
Do you mind to share the EA, maybe we can share the cost of the EA.
Thanks.
Took me about 15 minutes to place all the orders. A script would be pretty handy. I'm on GBPUSD inside bar.
the gbpusd is in the green with three trades on as per the system, but I want to go to sleep. Alas I must watch it till it hits TP to close the other trades, any way I can automate?
Hello everybody,

Today Inside Bar for: EUR/USD; USD/CHF; USD/JPY; GBP/JPY; EUR/JPY; USD/CAD
Hello slywoox!
I dont have an IB at GJ.
What broker do you use?
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