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Forex 10 Bar Strategy

  • #61
  • Jan 25, 2018 4:41am Jan 25, 2018 4:41am
Quoting Zondervan
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...
Zondervan can you tell me why you exclude CHF pairs from your selection?

And why do you not also consider trading the USD base pairs as well if they present good trading opportunities?

And yes I'm also curious why the pairs selected from the pin are different from yours and PIF's.
Truth is like poetry. And most people f*cking hate poetry.
  • #62
  • Jan 25, 2018 1:36pm Jan 25, 2018 1:36pm
Quoting mrdfx
{quote} Zondervan can you tell me why you exclude CHF pairs from your selection? And why do you not also consider trading the USD base pairs as well if they present good trading opportunities? And yes I'm also curious why the pairs selected from the pin are different from yours and PIF's.
I don't really have a reason to exclude CHF pairs in this strategy, except that I never trade CHF in any of my trading. I've always just stuck to the 21 pairs.

This strategy might work with CHF or it might not, I'm happy to just stick with the 21 pairs at the moment as it seems to be working pretty well.

Regarding USD base pairs, this strategy only uses them as the benchmark from which to create expected numbers for the different crosses. I have experimented with using another currency as the benchmark to create expected numbers for the USD based pairs, but it doesn't seem to work, so have just kept to the current strategy.

But others might be able to test different ideas and get better results with USD based pairs.
  • #63
  • Jan 25, 2018 4:21pm Jan 25, 2018 4:21pm
Quoting Zondervan
Today's trades: Sell GBPJPY Sell GBPAUD Sell CADJPY Buy NZDCAD (I filtered out Sell EURCAD, Sell EURAUD, Sell EURNZD) {image}
Results:

GBPJPY 73 pips
GBPAUD 11 pips
CADJPY 5 pips
NZDCAD -22 pips

TOTAL 67 pips
  • #64
  • Jan 25, 2018 5:29pm Jan 25, 2018 5:29pm
Quoting Zondervan
{quote} Results: GBPJPY 73 pips GBPAUD 11 pips CADJPY 5 pips NZDCAD -22 pips TOTAL 67 pips
According to EAX DD as deep as $42 and turned around for max $27 @ Lot 0.01
Understandably pair selection is critical.
The correct start time for EAX is important and as it is based on local, not GMT it is imperative it must be correct.
Will check mine again.
When you are successful perhaps give a thought to others ... Kiva dot org
  • #65
  • Jan 26, 2018 12:30am Jan 26, 2018 12:30am
Quoting PayItForward
{quote} According to EAX DD as deep as $42 and turned around for max $27 @ Lot 0.01 Understandably pair selection is critical. The correct start time for EAX is important and as it is based on local, not GMT it is imperative it must be correct. Will check mine again.
Hi PIF, forgive me for repeating what you have just mentioned, but this is an important point for anyone new to the EAX Dashboard. The session time settings in EAX use the time set on your computer. So if you are in New York (EST) I believe that is currently GMT - 5. So London Open will be at 3AM EST.

However, the PIN is based on Broker Time. To check your broker/server time look at the top of your market watch window. You will need to work out what time this will show at 08:00 GMT, and put that hour in the PIN. Many brokers have an offset of GMT+2, which means the broker time is 10:00 at London Open, so you enter 10.

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  • #66
  • Jan 26, 2018 2:22am Jan 26, 2018 2:22am
Today's Trade - only one!

Sell AUDCAD (and I'm not even sure about this one)


Filtered out:
Buy EURCAD
Buy GBPAUD
Buy NZDCAD
Buy AUDNZD

The numbers are not really telling a consistent story today.

The XXXJPY pair numbers are all lower than the expected numbers but not lower than 5 so it doesn't meet the criteria. However I am thinking they may all end lower today.

So will also monitor:
Sell EURJPY
Sell GBPJPY
Sell CADJPY
Sell AUDJPY
Sell NZDJPY
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  • #67
  • Jan 26, 2018 2:25am Jan 26, 2018 2:25am
EAX selection ... look forward to check with others using PIN
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When you are successful perhaps give a thought to others ... Kiva dot org
  • #68
  • Jan 26, 2018 2:41am Jan 26, 2018 2:41am
EAX selection (JagzFX_EAX_10_BAR)
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  • #69
  • Jan 26, 2018 2:54am Jan 26, 2018 2:54am
@Zondervan , am I correct in using the following formulas for the following pairs ? (Or am I on the wrong path ?)

Just to sum up

if a pair =>5 is a buy signal && =<4 sell signal ?

EUR/GBP = x + 5 - y = n
EUR/JPY = x - 5 + y = n
EUR/CAD = x - 5 + y = n
EUR/AUD = x + 5 - y = n
EUR/NZD = x + 5 - y = n
GBP/JPY = x - 5 + y = n
GBP/CAD = x - 5 + y = n
GBP/AUD = x + 5 - y = n
GBP/NZD = x + 5 - y = n
AUD/JPY = x - 5 + y = n
NZD/JPY = x - 5 + y = n
AUD/CAD = x - 5 + y = n
NZD/CAD = x - 5 + y = n
AUD/NZD = x + 5 - y = n
  • #70
  • Jan 26, 2018 3:20am Jan 26, 2018 3:20am
Just AUDNZD for me today, everything else has red news.

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  • #71
  • Jan 26, 2018 3:20am Jan 26, 2018 3:20am
Hi morne72

Yes looks all good.

Just remember for a buy signal - the "actual" number has to be above 5 AND above the expected number
And for a sell signal - the "actual" number has to be below 5 AND below the expected number

The pair missing is CADJPY, the formula is (x-10)*-1 - 5 + y = n

Try coding it into a spreadsheet and then check it against my spreadsheet.

When working out the bullish bars just use the close value from the previous candle and the close of the current candle. Sometimes a candle looks bullish e.g the close is higher than the open but only count it as bullish if the close is higher than the previous candle close. Even if it is only 1/10th of a pip higher, still count it as bullish. Occasionally you will find an even previous candle close and a current candle close. In this case, don't count it as bullish.

Hope that all makes sense.
  • #72
  • Jan 26, 2018 4:18am Jan 26, 2018 4:18am
Quoting Zondervan
Today's Trade - only one! Sell AUDCAD (and I'm not even sure about this one) Filtered out: Buy EURCAD Buy GBPAUD Buy NZDCAD Buy AUDNZD The numbers are not really telling a consistent story today. The XXXJPY pair numbers are all lower than the expected numbers but not lower than 5 so it doesn't meet the criteria. However I am thinking they may all end lower today. So will also monitor: Sell EURJPY Sell GBPJPY Sell CADJPY Sell AUDJPY Sell NZDJPY {image}
Zondervan what was your reasoning for filtering out those trades? I know you said that the numbers are not very consistent, and this seems like a manual discretionary choice, something like an indicator/pin can't make. If there was a way we could tell to "filter out" as well these pairs it could be good.


Quoting juraia
EAX selection (JagzFX_EAX_10_BAR) {image}
Quoting PayItForward
EAX selection ... look forward to check with others using PIN {image}
My selection looks similar to you guys, but still different from Zondervan's list. I think there is definitely some differences in the calculations of the pin, hopefully jazguk can take another look at it when he has time.
Attached Image (click to enlarge)
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Truth is like poetry. And most people f*cking hate poetry.
  • #73
  • Jan 26, 2018 4:53am Jan 26, 2018 4:53am
@ Zondervan in the interests of trying to find out why there are differences between your selections and those of the Pin and EAX are you prepared to setup EAX and the Pin on the same server that you use to make the spreadsheet calculations?
That way if the selections are the same as your non discretionary manual selections it may be reasonable to determine that the issue is broker data.
When you are successful perhaps give a thought to others ... Kiva dot org
  • #74
  • Jan 26, 2018 5:15am Jan 26, 2018 5:15am
Quoting mrdfx
{quote} Zondervan what was your reasoning for filtering out those trades? I know you said that the numbers are not very consistent, and this seems like a manual discretionary choice, something like an indicator/pin can't make. If there was a way we could tell to "filter out" as well these pairs it could be good. {quote} {quote} My selection looks similar to you guys, but still different from Zondervan's list. I think there is definitely some differences in the calculations of the pin, hopefully jazguk can take another look at it when he has time....
I've posted the PIN logic here
Always read Post #1
  • #75
  • Jan 26, 2018 11:39am Jan 26, 2018 11:39am
Quoting Zondervan
Today's Trade - only one! Sell AUDCAD (and I'm not even sure about this one) Filtered out: Buy EURCAD Buy GBPAUD Buy NZDCAD Buy AUDNZD The numbers are not really telling a consistent story today. The XXXJPY pair numbers are all lower than the expected numbers but not lower than 5 so it doesn't meet the criteria. However I am thinking they may all end lower today. So will also monitor: Sell EURJPY Sell GBPJPY Sell CADJPY Sell AUDJPY Sell NZDJPY {image}
Did you sell any of the JPY pairs today?

JPY made my day today..
Truth is like poetry. And most people f*cking hate poetry.
  • #76
  • Jan 26, 2018 11:54am Jan 26, 2018 11:54am
Quoting mrdfx
{quote} Did you sell any of the JPY pairs today? JPY made my day today..
I only traded AUDNZD today, I have the dashboard set to filter any trades with red news. However, that one trade closed with 54 pips. So after 2 weeks the basic setup (PIN + News Filter, trading LO to LC) is up almost 260 pips.
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  • #77
  • Edited 1:32pm Jan 26, 2018 1:12pm | Edited 1:32pm
Quoting jagzuk
{quote} I only traded AUDNZD today, I have the dashboard set to filter any trades with red news. However, that one trade closed with 54 pips. So after 2 weeks the basic setup (PIN + News Filter, trading LO to LC) is up almost 260 pips. {image}
For red news do you filter so any affected pair won't trade for the whole day or do you filter for a specific time before and after news?
Truth is like poetry. And most people f*cking hate poetry.
  • #78
  • Jan 26, 2018 1:35pm Jan 26, 2018 1:35pm
First day giving it this strategy a go on EAX. Opened at LO and close about 10 mins ago. I had it set to close previously at NY close, but have changed it to LC instead.

Total today: -48 pips. Not the best result but also not a big loss.
Attached Image (click to enlarge)
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Truth is like poetry. And most people f*cking hate poetry.
  • #79
  • Jan 26, 2018 3:37pm Jan 26, 2018 3:37pm
Quoting mrdfx
{quote} For red news do you filter so any affected pair won't trade for the whole day or do you filter for a specific time before and after news?
Here are the settings I use for news. Effectively, this settings ignores trades that have news up to 12 hours before, or 12 hours after LO.
The 12 hours before means I don't trade anything that could have distortion of the 10 Bars to LO.
The 12 hours after avoids getting caught by a price correction whist the trade is open.
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  • #80
  • Jan 26, 2018 4:59pm Jan 26, 2018 4:59pm
Quoting Zondervan
Today's Trade - only one! Sell AUDCAD (and I'm not even sure about this one) Filtered out: Buy EURCAD Buy GBPAUD Buy NZDCAD Buy AUDNZD The numbers are not really telling a consistent story today. The XXXJPY pair numbers are all lower than the expected numbers but not lower than 5 so it doesn't meet the criteria. However I am thinking they may all end lower today. So will also monitor: Sell EURJPY Sell GBPJPY Sell CADJPY Sell AUDJPY Sell NZDJPY {image}
Results from today's trade:

AUDCAD -37 pips

TOTAL -37 pips.

Not a great day. However as I mentioned the numbers didn't tell a consistent story. Currencies all buying and selling against each other. However as I said the XXXJPY pairs were all less than their expected numbers and my suspicion was that this was a consistent sign to sell all the XXXJPY pairs.
This proved to be correct!

EURJPY 109 pips
GBPJPY 170 pips
CADJPY 35 pips
AUDJPY 1 pip
NZDJPY 35 pips

TOTAL 350 pips.

Something to keep in mind perhaps when the regular system isn't giving a clear signal
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