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Hi joseph, can i use this method on big impact news? such as NFP news and others?
Quoting reteid2222
{quote} Everyone with 99% testing skills is invited 2 join as 8th member my team! Knowledge will give you power, but extraordinaire Expert Advisors respect Reteid(modified from Bruce Lee) {image} {image}
Here s sum entries: R they ok?
Attached Image (click to enlarge)
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Vucking good EA coder...
Quoting reteid2222
Here s sum entries: R they ok? {image}
Hello,

No it's not OK these 4 arrows are not correct signals :
Attached Image (click to enlarge)
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Close[i] < Low[i+1] to sell or Close[i] > High[i+1] to buy for the first setup described in the first post
and
Close[i]<Open[i+1] to sell or Close[i]>Open[i+1] to buy for the second setup described in the first post
EURUSD looking good... USDCHF about to take off again maybe?
Quoting prof8t
EURUSD looking good... USDCHF about to take off again maybe?

Neither are trades, according to Joseph’s strategy.
Quoting Asw
{quote} Neither are trades, according to Joseph’s strategy.

Better check again... both are type two trades according to Joseph's strategy.
Quoting prof8t
{quote} Better check again... both are type two trades according to Joseph's strategy.
Okay, I never took much notice of the second strategy, I thought we were talking about the engulfing candle.
Hello, I've back tested EUR / USD & USD / JPY & GBP / USD for the past 2 years, each pair got stop loss triggered 1 or 2 times at max, but i used this rule (PUT trailing SL if 15+ Pips in profit). Overall, had around 65 winners, 6-7 breakevens, 4-5 losers.
Quoting prof8t
{quote} Better check again... both are type two trades according to Joseph's strategy.
Hello,

I still don’t see a setup on EURUSD or USDCHF W1 or D1 timeframes, as I understand the second strategy, the only difference from the first is that price closed above or below the previous days open and had not closed above the high or below the low.

Maybe your using a different broke with a different bar opening time, I use GMT + 2..
  • Post #231
  • Quote
  • Edited at 6:10am May 16, 2018 1:57am | Edited at 6:10am
Quoting Asw
{quote} Hello, I still don’t see a setup on EURUSD or USDCHF W1 or D1 timeframes, as I understand the second strategy, the only difference from the first is that price closed above or below the previous days open and had not closed above the high or below the low. Maybe your using a different broke with a different bar opening time, I use GMT + 2..
I do not see it either. I mean I don't see a setup today, yesterday yes.
If it's important to you, you'll find a way. If not, you'll find an excuse
  • Post #232
  • Quote
  • Edited at 7:04am May 16, 2018 4:54am | Edited at 7:04am
Quoting xShape
Hello, I've back tested EUR / USD & USD / JPY & GBP / USD for the past 2 years, each pair got stop loss triggered 1 or 2 times at max, but i used this rule (PUT trailing SL if 15+ Pips in profit). Overall, had around 65 winners, 6-7 breakevens, 4-5 losers.

Ohh FINALLY some backtest! Good job

That's the 84% if the math isn't an opinion
I'm in EURUSD, first TP was hit yesterday, I put the second order on BE let's see how it goes
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If it's important to you, you'll find a way. If not, you'll find an excuse
Quoting Inthebox
{quote} Type 2: 1. Rejection of previous day high. 2. Candle does not close below previous day low, but closed below previous day open. 3. Sell below previous day low. {image}
Hi Inthebox,

Thanks for the picture,but there is no outside bar(engulfing candle).
Quoting Asw
{quote} Hi Inthebox, Thanks for the picture,but there is no outside bar(engulfing candle).
Sorry I deleted because the signal candle did not close below the open of previous day candle.
If signal candle closes below previous day open, then this would qualify.
What I am trying to say is Type 2 does not concern engulfing candle at all (whether is body only or high low)

Type 2:
1. Rejection of previous day high.
2. Signal candle does not close below previous day low, but closes below previous day open.
3. Sell below previous day low.
Attached Image
Seeking out Orderliness amongst 'Market Randomness'
2 potential setups, EURUSD, W1 and GBPAUD, D1.
Quoting Inthebox
{quote} Sorry I deleted because the signal candle did not close below the open of previous day candle. If signal candle closes below previous day open, then this would qualify. What I am trying to say is Type 2 does not concern engulfing candle at all (whether is body only or high low) Type 2: 1. Rejection of previous day high. 2. Signal candle does not close below previous day low, but closes below previous day open. 3. Sell below previous day low. {image}

As I read it, there needs to be an engulfing candle, in post 1, Joseph say's: (if the signal candle has all the prerequisites), maybe he could confirm the type 2 setup.
Quoting Asw
2 potential setups, EURUSD, W1 and GBPAUD, D1.

Let's make some money
Quoting Asw
{quote} As I read it, there needs to be an engulfing candle, in post 1, Joseph say's: (if the signal candle has all the prerequisites), maybe he could confirm the type 2 setup.
See closely at picture 6 of post 1
Seeking out Orderliness amongst 'Market Randomness'
Quoting Asw
{quote} As I read it, there needs to be an engulfing candle, in post 1, Joseph say's: (if the signal candle has all the prerequisites), maybe he could confirm the type 2 setup.

Here is the Type 2 setup:
Attached Image
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