EURJPY M15 system 80%+ | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/JPY

Similar Threads

EMA & RSI Intraday M15 system 42 replies

Scalping System on M15 12 replies

M5-M15 PHY TRAIN Quantum system 16 replies

Edźwin's M15 system - proverbial construction of flail :) 11 replies

Attachments: EURJPY M15 system 80%+
Exit Attachments

EURJPY M15 system 80%+

  • #221
  • Feb 6, 2018 3:44pm Feb 6, 2018 3:44pm
Quoting yalgaar
{quote} I have seen few inconsistencies myself with the indicator. I say lets use the indicator with a grain of salt or not use it at all! But the strategy still is very interesting. I have spent good effort in understanding the indicator and what it does and realized it just cannot be relied on for real trading this system. So I just stick to manually draw a rectangle everyday at 9:00pm EST (this cover 4 H1 candles, or 16 M16 candles) Just draw a rectangle from high to low. This is your BO zone. If the size of the zone is between 15 and 45 pips...you...
As always, indicators are just a visual tool but there is no better way to do it than manual.
Grind until you no longer have to introduce yourself. 4:30am club
  • #222
  • Feb 6, 2018 4:30pm Feb 6, 2018 4:30pm
Quoting yalgaar
{quote} I am not sure if you were asking this to me in particular. But I do not trade this system in LIVE account yet. I do sometimes take a trade on DEMO but even that I am not doing it consistently. I am still on research mode for this strategy. Due to inconsistencies about several things I have not been able to come up with my own set of rules to trade this. I plan to come up with such rules and I will be happy to post of anyone interested. Once I set those rules, I will visually check a good chunk of data (at least 1 year) and find out the positive...
Yalgaar I am interested Thanks Tom
  • #223
  • Feb 6, 2018 9:52pm Feb 6, 2018 9:52pm
I have changed my settings to increase the max box size to 60 pips. I have also set it so that the box continues to grow even if it is out of range.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 110 KB
Click to Enlarge Name: Capture1.JPG Size: 81 KB
  • #224
  • Edited 1:44am Feb 7, 2018 12:17am | Edited 1:44am
Interesting system, EURJPY TP1 hit this morning.
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-02-07_10h14_33.png Size: 53 KB
  • #225
  • Feb 8, 2018 4:27am Feb 8, 2018 4:27am
Quoting tomthepoppop
{quote} Yalgaar I am interested Thanks Tom
This is not my final list. But here are the rules I am setting up for myself for trading this systems:

1) The BO box will be the high-low of 16 M15 candles. If the range is more than 45 pips, I will adjust this to 45 pips by setting it to latest extreme. The current indicator is not doing this consistently. So will have to manually do this.

2) Wait for M15 candle to close beyond the BO zone set on Rule 1. Once there is a close of candle and if current price is within 3 pips of the BO box. Take the trade. If not set a Pending Order at 3 pips beyond the BO box so your trade is triggers when price retraces.

3) Set the TP (same pips as the range of the box, this might be little bit more due the the 3 pips rule I am using and spread)

4) Set the SL (same as the range of the box)

5) Once the trade is making 85% of the target, I will move my SL to breakeven.


I will be doing a visual testing from Jan 2017 to present date based on the above rules as soon as I get some time (most liked this weekend) I will post my results here so it might help others.

I welcome anyone who has any suggestions to the above rules.
  • #226
  • Feb 8, 2018 5:18am Feb 8, 2018 5:18am
Quoting yalgaar
{quote} This is not my final list. But here are the rules I am setting up for myself for trading this systems: 1) The BO box will be the high-low of 16 M15 candles. If the range is more than 45 pips, I will adjust this to 45 pips by setting it to latest extreme. The current indicator is not doing this consistently. So will have to manually do this. 2) Wait for M15 candle to close beyond the BO zone set on Rule 1. Once there is a close of candle and if current price is within 3 pips of the BO box. Take the trade. If not set a Pending Order at 3 pips...
As someone who has already trodden this path, one suggestion I would make is to look at tp at 1/2 the size of the box (also option to lock-in percentage at +5).
  • #227
  • Feb 8, 2018 10:56am Feb 8, 2018 10:56am
Quoting lemercenaire
{quote} As someone who has already trodden this path, one suggestion I would make is to look at tp at 1/2 the size of the box (also option to lock-in percentage at +5).
oh so you have already done visual testing based on the above rules? Can you share your results?
  • #228
  • Feb 8, 2018 11:20am Feb 8, 2018 11:20am
Quoting lemercenaire
{quote} As someone who has already trodden this path, one suggestion I would make is to look at tp at 1/2 the size of the box (also option to lock-in percentage at +5).
R:R=1/2 ? Not interesting, right?
SL to BE at 5%? So only 5% for market breath?
At what mechanical system have you made these observations? Have you made it profitable? At real account or demo?

Anyway, I thank you for your work and suggestions!
Just an opinion. Based on research
  • #229
  • Feb 8, 2018 12:24pm Feb 8, 2018 12:24pm
Quoting since80808
{quote} R:R=1/2 ? Not interesting, right? SL to BE at 5%? So only 5% for market breath? At what mechanical system have you made these observations? Have you made it profitable? At real account or demo? Anyway, I thank you for your work and suggestions!

I agree with you...with the risk:reward being 2:1...this strategy will most likely not work! With this kind of RR, we need a much better percentage of Winner:Loser ratio.
  • #230
  • Feb 8, 2018 3:29pm Feb 8, 2018 3:29pm
Quoting yalgaar
{quote} I agree with you...with the risk:reward being 2:1...this strategy will most likely not work! With this kind of RR, we need a much better percentage of Winner:Loser ratio.
You’re focusing too much on perfecting a system, you’ll be disappointed in the end. Anyways if you follow the system rules on post 1 you will be making
Grind until you no longer have to introduce yourself. 4:30am club
  • #231
  • Feb 8, 2018 3:54pm Feb 8, 2018 3:54pm
Quoting yalgaar
{quote} oh so you have already done visual testing based on the above rules? Can you share your results?
No, I haven't done visual testing, I use the same indicator in my own method with my own rules (on one of my live accounts). My Risk:Reward is not as you suspect because I use counter-trading if the original move goes against me.

My rules are my rules, not those above and I have worked out a small set of pairs that move in one specific way and only use this on those pairs. This method is extremely robust and profitable. Risk:Reward is only a small part of any trading story, as in the real world, probability of trade success (strike-rate) is much more important to me.

However, as it in reality has so many personal takes not seen in this method, then I shouldn't have brought it up. I simply thought that perhaps a nudge in the direction of thinking ''outside the box'' (pardon the pun) may have been helpful.

Fxmd is much more on the money in his last post above, when he says follow his rules as read, as he too has taken an existing method and made it his own by doing his own legwork.

The efficacy of doing this can be seen if you consider one thing: Why do you think the original thread / concept that this indicator came from died out?

(Oh and I don't actually run this any more, as I trade The DAX in the morning now instead, using a different method. There was nothing wrong with it, it's just that there is so much more bang-for-your-buck on The DAX).
  • #232
  • Feb 8, 2018 5:21pm Feb 8, 2018 5:21pm
Quoting Fxmd
{quote} You’re focusing too much on perfecting a system, you’ll be disappointed in the end. Anyways if you follow the system rules on post 1 you will be making
I don't see this as too much perfecting! All I am trying to do here is find the performance of this system to my satisfaction.

IMO a system with 1:1 RR with 81% winners is an amazing system. I am very excited about it but I am skeptical (respectfully) about the method you used to derive these numbers.

My skepticism is based on seeing your report...I noticed the following:
1) When I looked at all winners and losers. I didn't get it 81% like you mentioned. I believe I got around 72%
2) I also noticed some discrepancies as well. I believe 1 more user pointed this out. I confirmed his input.
3) I noticed that you might have considered a trade as a winner for certain trades...but if you used some kind of break even trade management it would be a breakeven trade and not a winner.
4) I also noticed for some trades you considered it as a winner even though it didn't hit the exact target. Maybe missed by just 1-2 pips.

My attempt is not a perfect a system. My attempt is to find the performance when you apply consistent rules on every single trade....Only then I consider it as a real performance.

I fear if I apply any rules consistently to every single trade...the winners % might drop to below 60%....and in that case...to me the system will not be so much appealing anymore. Personally I will use the system even if it performed 65% winners with 1:1 RR.
  • #233
  • Feb 8, 2018 5:45pm Feb 8, 2018 5:45pm
Quoting yalgaar
{quote} I don't see this as too much perfecting! All I am trying to do here is find the performance of this system to my satisfaction. IMO a system with 1:1 RR with 81% winners is an amazing system. I am very excited about it but I am skeptical (respectfully) about the method you used to derive these numbers. My skepticism is based on seeing your report...I noticed the following: 1) When I looked at all winners and losers. I didn't get it 81% like you mentioned. I believe I got around 72% 2) I also noticed some discrepancies as well. I believe 1...
Ok good luck🕯
Grind until you no longer have to introduce yourself. 4:30am club
  • #234
  • Feb 8, 2018 6:08pm Feb 8, 2018 6:08pm
Following
  • #235
  • Feb 8, 2018 11:16pm Feb 8, 2018 11:16pm
Hi Fxmd,

My broker is Oanda...different brokers use different media feeds, so not everyone will experience the same exact results that you have achieved. Also, although clearly marked entries, we traders will vary our entries and exits due to any number of reasons. I did set my box to a minimum 20 and maximum 60 as it seems to capture more positive trade results.

I tested back to January 9th...the results were 15 wins/4 losses for a 79% expectancy rate and +437 pips! Almost exactly your 80% win%.

Thanks for promoting this trading method...I appreciate it.

Best,
BC2

PS: I joined your Telegram blog. I'm looking forward to gaining insight from you.
  • #236
  • Feb 8, 2018 11:47pm Feb 8, 2018 11:47pm
if market has moved 100pips before the breakout occur, do you still trade the breakout ?
  • #237
  • Feb 9, 2018 1:58am Feb 9, 2018 1:58am
Quoting Bobcat2
Hi Fxmd, My broker is Oanda...different brokers use different media feeds, so not everyone will experience the same exact results that you have achieved. Also, although clearly marked entries, we traders will vary our entries and exits due to any number of reasons. I did set my box to a minimum 20 and maximum 60 as it seems to capture more positive trade results. I tested back to January 9th...the results were 15 wins/4 losses for a 79% expectancy rate and +437 pips! Almost exactly your 80% win%. Thanks for promoting this trading method...I appreciate...
Thanks for your comment, and yes I’m aware of what you said about data feed, that’s why I mention I got those results in Tradersway servers.
Good to see people experimenting with different settings
Grind until you no longer have to introduce yourself. 4:30am club
  • #238
  • Feb 9, 2018 1:59am Feb 9, 2018 1:59am
Quoting Speedometer
if market has moved 100pips before the breakout occur, do you still trade the breakout ?
At your own risk because there is a lower probability of it reaching the target, if you want to be on the safe side you don’t.
Grind until you no longer have to introduce yourself. 4:30am club
  • #239
  • Feb 9, 2018 2:20am Feb 9, 2018 2:20am
so far great result , good job bro
  • #240
  • Feb 9, 2018 5:02am Feb 9, 2018 5:02am
Hi FXMD, I have doubt here after it break upper line we take buy and it hits 1st tp and then break lower line as well. Can we take a sell after it breaks lower line or we should not be taking that order.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-02-09 at 7.50.48 AM copy.jpg Size: 258 KB
0 traders viewing now