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Forex 10 Bar Strategy

  • #41
  • Jan 24, 2018 3:00am Jan 24, 2018 3:00am
Interesting using the template:
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When you are successful perhaps give a thought to others ... Kiva dot org
  • #42
  • Jan 24, 2018 3:21am Jan 24, 2018 3:21am
Quoting PayItForward
Interesting using the template: {image}
So these are my signals from the PIN this morning. Mostly overlap with Z's but quite different to yours. Do you have the pin set to refresh at 08 GMT? That's 10 on a GMT+2 broker.
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Always read Post #1
  • #43
  • Jan 24, 2018 3:35am Jan 24, 2018 3:35am
Quoting Zondervan
{quote} Results from today's trades EURGBP 8 pips EURJPY -33 pips CADJPY -18 pips TOTAL -43 pips
Yesterdays results from my EAX PIN. A few points but didn't quite cover commissions - so a small loss. But overall results for 7 days still in the green.
I trade London open to London close, filtering out any pairs with news on that day.

Attached Image (click to enlarge)
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Always read Post #1
  • #44
  • Jan 24, 2018 3:39am Jan 24, 2018 3:39am
Quoting jagzuk
{quote} So these are my signals from the PIN this morning. Mostly overlap with Z's but quite different to yours. Do you have the pin set to refresh at 08 GMT? That's 10 on a GMT+2 broker. {image}
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When you are successful perhaps give a thought to others ... Kiva dot org
  • #45
  • Jan 24, 2018 3:49am Jan 24, 2018 3:49am
This is my spreadsheet for today's numbers - your pin calculation should be reading the same?

I count the bullish bars by only using the close values of each 1 hour candle. If it is exactly even I don't count it.
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  • #46
  • Jan 24, 2018 3:49am Jan 24, 2018 3:49am
Quoting PayItForward
{quote} {image}
OK, that's interesting, your setup matches mine but a couple of differences in the trades.

I think I can explain the difference between the manual signals and the PIN signals. There are a few H1 bars on some of the pairs that are very marginal, i.e. just a few points difference between open and close. Visually, its hard to make the call if its a bull or not. The PIN is using pure math, so even if there is only +1 point it will count that as a bull bar.

The difference between your PIN and mine are more intriguing. But again this could be down to a few points difference between brokers on the very marginal bars. I am testing on Alpari pro.ecn. Maybe I should code a threshold setting into the PIN to filter our the marginal bulls?
Always read Post #1
  • #47
  • Jan 24, 2018 4:15am Jan 24, 2018 4:15am
Quoting jagzuk
{quote} OK, that's interesting, your setup matches mine but a couple of differences in the trades. I think I can explain the difference between the manual signals and the PIN signals. There are a few H1 bars on some of the pairs that are very marginal, i.e. just a few points difference between open and close. Visually, its hard to make the call if its a bull or not. The PIN is using pure math, so even if there is only +1 point it will count that as a bull bar. The difference between your PIN and mine are more intriguing. But again this could be...
I am on ICMarkets Standard with this test.
When you are successful perhaps give a thought to others ... Kiva dot org
  • #48
  • Jan 24, 2018 4:33am Jan 24, 2018 4:33am
Quoting Zondervan
This is my spreadsheet for today's numbers - your pin calculation should be reading the same? I count the bullish bars by only using the close values of each 1 hour candle. If it is exactly even I don't count it. {image}
Hi Zondervan!

Does you Excel have calculation formulas inside?
Can you share it?

SP
  • #49
  • Jan 24, 2018 1:14pm Jan 24, 2018 1:14pm
Quoting Zondervan
This is my spreadsheet for today's numbers - your pin calculation should be reading the same? I count the bullish bars by only using the close values of each 1 hour candle. If it is exactly even I don't count it. {image}
Thanks Z. We are very similar but not quite the same. I am travelling this week so i can review the PIN logic, but I will take a good look at it this weekend to see if there is a logic issue, or if it is "noise" from different broker prices. Thanks again for sharing your strategy!
Always read Post #1
  • #50
  • Jan 24, 2018 1:38pm Jan 24, 2018 1:38pm
Quoting jagzuk
{quote} Thanks Z. We are very similar but not quite the same. I am travelling this week so i can review the PIN logic, but I will take a good look at it this weekend to see if there is a logic issue, or if it is "noise" from different broker prices. Thanks again for sharing your strategy!
Just to remind you that there are brokers with Sunday candles. I hope you do not offend me. I like the idea and I want to become a good tool.
Само да напомня, че има брокери с неделни свещи. Надявам се, че не ми се обиждаш. Харесва ми идеята и ми се иска да стане един добър инструмент.
  • #51
  • Edited 4:25pm Jan 24, 2018 3:58pm | Edited 4:25pm
Quoting SuperPip
{quote} Hi Zondervan! Does you Excel have calculation formulas inside? Can you share it? SP
Hi SuperPip, I'm just using Google sheets not excel so don't think I can share it. But it's a pretty simple spreadsheet, all the formulas are in post 7 of this thread.

I'll give you a few "expected number" formulas to get you started.

For EURGBP expected number column type =B1+5-B2
For EURJPY expected number column type =B1-5+B3
For CADJPY expected number column type =SUM(B4-10)*-1-5+B3

Once you have made the sheet and added in all the numbers after 10 candles, you could post it to the thread and I can compare with my sheet if you want.
  • #52
  • Jan 24, 2018 4:15pm Jan 24, 2018 4:15pm
Quoting Zondervan
Todays trades: Sell EURGBP Sell EURJPY Buy GBPCAD Sell CADJPY Buy NZDJPY Buy AUDCAD
EURGBP 62 pips
EURJPY -13 pips
GBPCAD 160 pips
CADJPY 12 pips
NZDJPY -87 pips
AUDCAD 4 pips

TOTAL 138 pips

NZD had a surprise low CPI figure 15 minutes before close which made NZD fall sharply just before close of session.

However overall a successful trading day
  • #53
  • Edited 5:14pm Jan 24, 2018 5:01pm | Edited 5:14pm
Quoting Zondervan
{quote} EURGBP 62 pips EURJPY -13 pips GBPCAD 160 pips CADJPY 12 pips NZDJPY -87 pips AUDCAD 4 pips TOTAL 138 pips NZD had a surprise low CPI figure 15 minutes before close which made NZD fall sharply just before close of session. However overall a successful trading day
Big boys are no longer playing at retail. Everyone was waiting for the news and no indicator or expert to catch in London time, the NZD collapse at 21:45 GMT. A few days later, the graphics will be quite different to all pairs with NZD.
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Today, just NZD is not a buy.
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Големите момчета вече не си играят на дребно. Всички чакаха новината и няма индикатор или експерт, който да улови в лондонско време, срива на NZD в 21:45 GMT. Няколко дена след това, графиките ще са доста различни на всички двойки с NZD.
  • #54
  • Jan 24, 2018 7:48pm Jan 24, 2018 7:48pm
Zondervan ... Thanks for your efforts in developing this strategy - greatly appreciated
I have a question ... I have put a thought on jagzuk's thread
https://www.forexfactory.com/showthr...2#post10705462
because I am using jagzuk's PIN.
Do you want the results etc that I have to be published here or on his thread?
Thanks again ...
When you are successful perhaps give a thought to others ... Kiva dot org
  • #55
  • Jan 24, 2018 8:44pm Jan 24, 2018 8:44pm
Quoting PayItForward
Zondervan ... Thanks for your efforts in developing this strategy - greatly appreciated I have a question ... I have put a thought on jagzuk's thread https://www.forexfactory.com/showthr...2#post10705462 because I am using jagzuk's PIN. Do you want the results etc that I have to be published here or on his thread? Thanks again ...
Hi PayItForward, published results on this thread would be great! One of my reasons for starting this thread was in the hope someone would code this strategy into an automated or semi-automated system as I think it would save a lot of time having to manually count bullish bars on 21 pairs everyday!!!

I'm waiting for jagzuk to double check his PIN logic as he seems to be getting slightly different pairs to me at the moment. One reason could be different brokers have slightly different 1 hour candle closing values, or perhaps his calculations aren't quite inline with mine. But once it is all sorted I will probably also try this strategy using his PIN and use the dashboard to try out different closing trade options.

One thing I have been doing recently is filtering out trades that don't make a lot of sense to trade in the same basket e.g selling and buying the same currency. I think this will give better overall results. For example - yesterday had Sell EURJPY, Sell CADJPY but Buy NZDJPY. I think it would have been better not to trade the NZDJPY as it was going against the other JPY pairs.
  • #56
  • Jan 24, 2018 10:02pm Jan 24, 2018 10:02pm
Quoting Zondervan
{quote} For example - yesterday had Sell EURJPY, Sell CADJPY but Buy NZDJPY. I think it would have been better not to trade the NZDJPY as it was going against the other JPY pairs.
This link may help in the lead up with your final manual selection.
https://www.mataf.net/en/forex/tools/correlation
Attached Image (click to enlarge)
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When you are successful perhaps give a thought to others ... Kiva dot org
  • #57
  • Jan 25, 2018 3:09am Jan 25, 2018 3:09am
Today's trades:

Sell GBPJPY
Sell GBPAUD
Sell CADJPY
Buy NZDCAD


(I filtered out Sell EURCAD, Sell EURAUD, Sell EURNZD)
Attached Image (click to enlarge)
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  • #58
  • Jan 25, 2018 3:44am Jan 25, 2018 3:44am
Quoting Zondervan
Today's trades: Sell GBPJPY Sell GBPAUD Sell CADJPY Buy NZDCAD (I filtered out Sell EURCAD, Sell EURAUD, Sell EURNZD) {image}
Our selections differ as below:
Attached Image

I am guessing that you filtered our EUR due to upcoming Red News? Correct? ... or were there other reasons?
If you wait for the close of the last H1 bar before LO, by the time you make your calculations what is the actual timing of your manual open trades?
Comments greatly appreciated
When you are successful perhaps give a thought to others ... Kiva dot org
  • #59
  • Jan 25, 2018 4:12am Jan 25, 2018 4:12am
Ok here we go first attempt with this strategy and with EAX.

The pin is working and was showing the pairs and all opened as it should. One thing however is that the pairs selected by the pin do seem quite different from Zondervan's list?
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Truth is like poetry. And most people f*cking hate poetry.
  • #60
  • Jan 25, 2018 4:17am Jan 25, 2018 4:17am
Hi PayItForward,

Yes the EUR pairs will obviously be affected by the ECB today which always makes mechanical trading difficult. I usually find that when there is a lot of "Red" news around, mechanical systems such as this one don't tend to work that well.

However the reason I filtered them out is firstly because I'm already selling CAD, so doesn't make a lot of sense to also buy it. And second, I find that the EURCAD, EURNZD and EURAUD trades can end up as a loss more often than not.

So I currently filter these the EUR and GBP pairs using the JPY pairs to confirm the trade. e.g if EURJPY was showing weakness and CADJPY or NZDJPY or AUDJPY was showing strength then I would probably take the trades. However tonight's numbers show EURJPY as even, CADJPY as weak, and AUDJPY and NZDJPY even. So that says to me they might not work so well, so no trade.


It's interesting that both you and mrdfx have different trading pairs to me. I think the PIN logic is not quite right yet?

It takes me a while to manually set the trades. Probably about 20 minutes! But I usually can start before London open and then just add the last hour's bullish bars to the spreadsheet. So I can probably set my first manual trade about 5 minutes into the London Open.
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