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  • #121
  • Jan 25, 2018 6:31pm Jan 25, 2018 6:31pm
Quoting sharingan9
{quote} Problem 2. Strong level to protect the SL and driving force to push price to TP Another issue that makes setting the right SL/TP difficult is the fact that this is based on a pattern of 2 candles and buy/sell stops, so there is no level support or resistance or any level that we can use to protect our SL and say "ok price probably wont break this level so our SL is protected here" and there is no driving force or logic that we know of that is strong enough to push price to reach our TP. Solution to Problem 2: I do not know
Solution to Problem 2= Round numbers, it's a psychological support and resistance tool.

Cheers and goodluck
Read in between the price!!!
  • #122
  • Jan 25, 2018 7:23pm Jan 25, 2018 7:23pm
Quoting laksior
For those who don't understand the patterns. I think this will be helpful. {image} {image} {image} {image}
Hey Mate please what pair, instrument, indices or stock did you get this screenshots from? and what time frame?

Cheers.
Read in between the price!!!
  • #123
  • Jan 25, 2018 9:46pm Jan 25, 2018 9:46pm
Maybe we should test this on lower time frame like m5 or m15 just to get some data and some trades in because daily chart trades take for eveeeeeeeeeeeeeeerrr hahaaha

I think the pattern should work on all timeframes. Noise is a myth
  • #124
  • Jan 27, 2018 7:15am Jan 27, 2018 7:15am
Quoting Forexholy
Yes Daily I am central Time my daily started at 4:00 PM working very well so far
Hi, could you please provide pics of your exact entry points?. Thanks.
  • #125
  • Jan 27, 2018 8:12am Jan 27, 2018 8:12am
Quoting sharingan9
Maybe we should test this on lower time frame like m5 or m15...Noise is a myth
But spread isn't...
  • #126
  • Jan 28, 2018 5:18am Jan 28, 2018 5:18am
Quoting spyderman
{quote} But spread isn't...
Spread? what? come on man. If you dont know how to handle spread issues then youre in the wrong business but I'll explain.

If youre on a 5 min chart, find pairs that have high volatility measured by atr where average size of 1 candle is like 10-15 pips and/or trade pairs with low spreads.

If youre on the 15 min chart, find pairs that have high volatility measured by atr where average size of 1 candle is like 10-15 pips and/or trade pairs with low spreads.

If neither of the aforementioned works, change your broker.

youre welcome
  • #127
  • Jan 31, 2018 10:53am Jan 31, 2018 10:53am
WOW this thread died quickly .....................
  • #128
  • Jan 31, 2018 1:24pm Jan 31, 2018 1:24pm
Quoting sharingan9
WOW this thread died quickly .....................
It's a good thread; maybe everyone is busy researching because there are other similar patterns that will work just as well as this one. I described on in a previous post one such thing here, and here.
  • #129
  • Feb 1, 2018 5:54am Feb 1, 2018 5:54am
Quoting MTEATrader
{quote} It's a good thread; maybe everyone is busy researching because there are other similar patterns that will work just as well as this one. I described on in a previous post one such thing here, and here.

Can you post examples with screenshots pls?
  • #130
  • Edited 6:07am Feb 1, 2018 5:56am | Edited 6:07am
Quoting sharingan9
WOW this thread died quickly .....................

I gived you an input. The rest is up to you. I asked all to do a backtest and only one person did.

After the backtests with a tp on last HH or LL we could have studied a MM and when to exit ecc.

Please don't look my trade explorer regard this and don't get discouraged because here i have 20 euro and a drawdown of 1 euro will show like a huge loss... it's just an old account that i'm trying to recover.
  • #131
  • Feb 2, 2018 5:49am Feb 2, 2018 5:49am
Quoting Joseph95
{quote} I gived you an input. The rest is up to you. I asked all to do a backtest and only one person did. After the backtests with a tp on last HH or LL we could have studied a MM and when to exit ecc. Please don't look my trade explorer regard this and don't get discouraged because here i have 20 euro and a drawdown of 1 euro will show like a huge loss... it's just an old account that i'm trying to recover.
Any progress. i am back testing. SOme pairs look great. Other pairs are ok. Sometimes I see 80% win some times 70%. WHat about you what have you found percentage wise?
  • #132
  • Feb 2, 2018 5:49am Feb 2, 2018 5:49am
Anyone else here?
  • #133
  • Feb 2, 2018 6:17am Feb 2, 2018 6:17am
Im getting pretty bad backtest results on EURAUD starting from year 2000. like 40% win rate :/

Another problem is the pattern is sort of tough to keep looking for when backtesting so I always feel like I missed a set up while backtesting haha
  • #134
  • Feb 2, 2018 7:44am Feb 2, 2018 7:44am
DO NOT GO COUNTER TREND you will get destroyed. Vertical lines are wins, X's are losses

Attached Image (click to enlarge)
Click to Enlarge Name: destryed.PNG Size: 125 KB
  • #135
  • Feb 2, 2018 10:41am Feb 2, 2018 10:41am
Ok even with trend not very good results backtesting on Uswiss. Around 50% winrate. I think the system just lacks logic. There is no logic that will protect the SL and there is no logic that will drive price to reach TP. What is pushing price? just a break of a low? thats not enough to reach TP and protect SL. I think everyone else has had mixed results with this as well which is why no one is posting but me lol. Creative idea though. Just needs more logic. Good luck
  • #136
  • Feb 2, 2018 12:30pm Feb 2, 2018 12:30pm
Quoting Joseph95
{quote} I gived you an input. The rest is up to you. I asked all to do a backtest and only one person did. After the backtests with a tp on last HH or LL we could have studied a MM and when to exit ecc. Please don't look my trade explorer regard this and don't get discouraged because here i have 20 euro and a drawdown of 1 euro will show like a huge loss... it's just an old account that i'm trying to recover.
@Joseph95,

Are the trade results on your trade explorer for the past 30 days directly related to this thread's trading method? I know you say to disregard the results because it's an old TE that you are trying to recover, but I assume the trades that you have taken since you started this thread based on your trading method are reflected in your TE?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 51 KB
Without vision, the people will perish.
  • #137
  • Feb 3, 2018 11:32am Feb 3, 2018 11:32am
i made an indi fot this pattern
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 30 KB
Attached File(s)
File Type: ex4 1barreversal.ex4   11 KB | 629 downloads
  • #138
  • Feb 3, 2018 12:19pm Feb 3, 2018 12:19pm
Quoting free84
i made an indi fot this pattern {image} {file}
beatiful indicator, thanks for sharing. Would you please add push notification or share mq4 version? thank you
Grind until you no longer have to introduce yourself. 4:30am club
  • #139
  • Feb 3, 2018 1:00pm Feb 3, 2018 1:00pm
Attached File(s)
File Type: mq4 1barreversal.mq4   8 KB | 1,039 downloads
  • #140
  • Feb 3, 2018 1:07pm Feb 3, 2018 1:07pm
Quoting free84
{file}
thank you
Grind until you no longer have to introduce yourself. 4:30am club
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