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need simple indicator for Daily green/red candle 2 replies

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Daily green/red candle

  • #3,901
  • Nov 29, 2017 8:13am Nov 29, 2017 8:13am
Quoting MoneyZilla
{quote} Nope. Mizi123 is at the wrong side of the window... {quote} Why it will not work? I am trading something similarly and you just have no idea...
It will not work because it does not even work in backtesting. If you make an EA that *blindly* executes the basic strategy, it will not be profitable.

Now if you add some basing manual trading into the mix, then it can be profitable, I am not arguing that.
  • #3,902
  • Nov 29, 2017 8:23am Nov 29, 2017 8:23am
Quoting Plague
{quote} It will not work because it does not even work in backtesting. If you make an EA that *blindly* executes the basic strategy, it will not be profitable.
Maybe you are right. The problem is the SL. Not the strategy. Strategy is simple and therefore ingenious.
Quote
Now if you add some basing manual trading into the mix, then it can be profitable, I am not arguing that.
I agree. That could be a good "avoiding a SL" work around, I suppose.
Maadik Hugiis. IQ 69.
  • #3,903
  • Nov 30, 2017 7:54am Nov 30, 2017 7:54am
ok time to rest now
enough for today
  • #3,904
  • Nov 30, 2017 8:17am Nov 30, 2017 8:17am
Quoting dimdel
ok time to rest now enough for today
NOOOOO tonight is right time to go long Dimdel on EU you need to close these week with 4500%
Attached Image (click to enlarge)
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  • #3,905
  • Nov 30, 2017 9:17am Nov 30, 2017 9:17am
Quoting mizi123
{quote} NOOOOO tonight is right time to go long Dimdel on EU you need to close these week with 4500% {image}
hi mizi

you follow the system?
have you profits ?
if no why?
my entrys isnt for scalping
so someone can take the signal little later from my entry
  • #3,906
  • Nov 30, 2017 9:43am Nov 30, 2017 9:43am
Quoting dimdel
{quote} hi mizi you follow the system? have you profits ? if no why? my entrys isnt for scalping so someone can take the signal little later from my entry
Im very good tuesday
Attached Image
  • #3,907
  • Nov 30, 2017 3:02pm Nov 30, 2017 3:02pm
Quoting mizi123
{quote} Im very good tuesday {image}
bravo mizi
but i am 4100% more
  • #3,908
  • Nov 30, 2017 3:48pm Nov 30, 2017 3:48pm
Quoting dimdel
{quote} bravo mizi but i am 4100% more
You are my shining star
  • #3,909
  • Nov 30, 2017 4:01pm Nov 30, 2017 4:01pm
Quoting mizi123
{quote} Im very good tuesday {image}
Well done my friend but isn't this excessive gain for one day?
Are you taking too much risk?
Have a nice day
  • #3,910
  • Dec 1, 2017 1:00am Dec 1, 2017 1:00am
Attached Image (click to enlarge)
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  • #3,911
  • Dec 1, 2017 7:39am Dec 1, 2017 7:39am
ok enough for today
  • #3,912
  • Dec 1, 2017 8:18am Dec 1, 2017 8:18am
Thanks dimdel !
Do you let your trades open over weekend?
  • #3,913
  • Edited 11:17am Dec 1, 2017 11:06am | Edited 11:17am
Sorry for stepping in again, and this time charts and few words.

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Especially for the less-experienced here, that probably have a lot of hope in this so simple system, and just as a "reality check". The two positions dimdel (above, post 3910) was showing this morning were both sound failures:

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If you look at the trade explorer these two were sound 70 pips loss, in total.

Now, dimdel's TE report was 4500% a few days ago and 4900% today (awesome). If you look inside the TE, you'll see that most is done with little scalps.

This shows two things:

 

  1. Dimdel is a wizard in reading price action and scalping. Many congratulations Dimdel! All my sincere esteem, and please don't take the observations as an attack. This is "just life as it is".
  2. The nice results are not due to the "simple" buy-the-high/sell-the-low system that is presented in this thread and in particular on page 1. As we have seen today, "simple as-it-is" it could be a disaster. And fortunately dimdel did not trade the second-last 4H bar, otherwise he would have suffered another ~50 pips loss for the day.

This is just an example offered by dimdel himself today. If you make a serious backtesting (manual or automatic) you'll see this is the case in many, many situations.

Take care.

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  • #3,914
  • Dec 1, 2017 2:49pm Dec 1, 2017 2:49pm
Quoting betterlife
Sorry for stepping in again, and this time charts and few words. {image} Especially for the less-experienced here, that probably have a lot of hope in this so simple system, and just as a "reality check". The two positions dimdel (above, post 3910) was showing this morning were both sound failures: {image} If you look at the trade explorer these two were sound 70 pips loss, in total. Now, dimdel's TE report was 4500% a few days ago and 4900% today (awesome). If you look inside the TE, you'll see that most is done with little scalps. This shows two...
Silence
Inserted Video
  • #3,915
  • Dec 1, 2017 3:12pm Dec 1, 2017 3:12pm
Quoting mizi123
{quote} Silence https://www.youtube.com/watch?v=c3_NntYhzV4
Funny...
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Attached Image (click to enlarge)
Click to Enlarge Name: EUwinners.png Size: 230 KB

+ 3 winners more lazy to picture...


The sound of silence
Inserted Video
Maadik Hugiis. IQ 69.
  • #3,916
  • Dec 1, 2017 4:27pm Dec 1, 2017 4:27pm
Quoting kofix11
Thanks dimdel ! Do you let your trades open over weekend?
usally no
  • #3,917
  • Dec 1, 2017 4:33pm Dec 1, 2017 4:33pm
Quoting betterlife
Sorry for stepping in again, and this time charts and few words. {image} Especially for the less-experienced here, that probably have a lot of hope in this so simple system, and just as a "reality check". The two positions dimdel (above, post 3910) was showing this morning were both sound failures: {image} If you look at the trade explorer these two were sound 70 pips loss, in total. Now, dimdel's TE report was 4500% a few days ago and 4900% today (awesome). If you look inside the TE, you'll see that most is done with little scalps. This shows two...
hi betterlife

i see you are very good writer
are you good trader?

its good to help me for better results
maybe the 5000% is luck or just happen
please give your experiance after many years of trading
no only comments- show the way

thanks
dimdel
  • #3,918
  • Dec 1, 2017 4:47pm Dec 1, 2017 4:47pm
please if you see something wrong in my trading
dont say it
tell me what right thing i must do
this work more creative to me
  • #3,919
  • Dec 1, 2017 11:43pm Dec 1, 2017 11:43pm
Quoting dimdel
please if you see something wrong in my trading dont say it tell me what right thing i must do this work more creative to me
Hallo Dimdel,
Happy that you took it the right way. Your scalping skills are wonderful! I am NOT as good as you are! I am definitely better in programming (and analysing numbers) than trading.

If I may give a suggestion, after all the years around here, I have never discovered anything better than this one: https://www.forexfactory.com/showthread.php?t=245149.

It is "old stuff" (and some readers like Mizi seem to have some problems with "old wisdom") but for me forexfactory could be deleted and just that thread left.

I like your "minimalist approach", (i.e. looking at very simple things only, like bars open/close, high/low), therefore I was interested in reading this thread. There are other similar, like this good one: https://www.forexfactory.com/showthread.php?t=549745. You will see that also the "millipede" is very minimalist. A hint from both: why don't you look at open of bars instead of high/low?

I think one of the things that you could try is to let profit run, instead of closing at R/R 1:1 (your "200"). With R/R 1:1 you must have more than 50% trades winning for making some profit on the long run. Which is not the case by just entering trades at every bar new high/new low.

I am writing this not because I want to demonstrate I am better than you (no testosterone, here), but just to warn other people from believing this is a "magic bullet" when it is not. Concerning you, I repeat: you have wonderful skills, and are able to work it out "your way". Perhaps with a bit too much risk... but this is your stuff.

All the best
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  • #3,920
  • Dec 2, 2017 1:32am Dec 2, 2017 1:32am
Quoting betterlife
{quote} Hallo Dimdel, I think one of the things that you could try is to let profit run, instead of closing at R/R 1:1 (your "200"). With R/R 1:1
I agree this is the weak point of this method.
If I was trading this strategy on the 4H I would have been looking at 3:1 RR or better
but as you know there are many ways to trade and this is another one.
Have a nice day
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