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I challenge you to fail with this

  • #421
  • Edited 4:25pm May 24, 2018 4:09pm | Edited 4:25pm
Quoting NewLiberty
{quote} Hambone, why did it get stopped out? According to the trading system, you needed to place sell stop below the signal bar. If the order had been placed correctly, it wouldn't have even been activated
You make a good point NewLiberty. On my broker, the signal candle low was 1.7115. The Entry candle low was 1.7107 ... 8 pips below the previous candle close. So it would have been activated. I entered a little higher at 1.7123 simply because I wanted to be in the trade.


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  • #422
  • May 24, 2018 4:11pm May 24, 2018 4:11pm
Setups per the dashboard as of 5 pm NY close.

Not sure I would take the GBPCAD D1 as there is no wick/shadow. Not sure if that makes a difference to others though.


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  • #423
  • May 24, 2018 4:49pm May 24, 2018 4:49pm
Quoting dkarev
{quote} i really appreciate your response to inquiry please help with the link to the template and the indicator you used, i believe the indicator i downloaded is the combine one...if you have the link where the indicator and template are please help me with it.
Sure. If you look at the top right corner of any thread, you will see a paperclip icon with a number next to it. For this thread, you should see the paperclip with "151" to the right of it (that's the number right now...it could change anytime some adds another attachment). Click the paperclip and you will see all attachments that have been posted to the thread in one place.

The template and dashboard I use are the ones from Asw on May 18. There are some dated later but those are the ones that work for me. Let me know once you find them or if you need further assistance.
  • #424
  • May 25, 2018 12:24am May 25, 2018 12:24am
Tbh seems to work on 1/5 M & Daily, 1h&4h has many losers.
  • #425
  • May 25, 2018 2:27am May 25, 2018 2:27am
Quoting Hambone
{quote} Sure. If you look at the top right corner of any thread, you will see a paperclip icon with a number next to it. For this thread, you should see the paperclip with "151" to the right of it (that's the number right now...it could change anytime some adds another attachment). Click the paperclip and you will see all attachments that have been posted to the thread in one place. The template and dashboard I use are the ones from Asw on May 18. There are some dated later but those are the ones that work for me. Let me know once you find them...
i really appreciate you man, i got the indicator and template liked you explained,thankz very much.....i really which ASW can provide us with the source code(i mean the mq) of the indicator..thankz once again
  • #426
  • May 26, 2018 2:20am May 26, 2018 2:20am
Are these two signals OK?
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  • #427
  • May 26, 2018 10:44am May 26, 2018 10:44am
Quoting Eagle-Eye
Are these two signals OK? {image} {image}
The EJ weekly looks valid if you are allowing bear/bear candle combinations and Type 2. I believe Joseph's original model was candles of different colors (bull/bear, bear/bull). I'll have to defer to him. What pair is the second chart?
  • #428
  • Edited 7:44am May 27, 2018 2:02am | Edited 7:44am
This is EA for this Strategy.
Change StopLoss,TakeProfit as you want.
(Don't make SL and TP too tight.If do so,the order fails.)

If SL and TP is both 0,SL and TP becomes a last bar's bar-Length.

Orders will expire if not filled.

Enjoy backtesting.

-------EDIT-------
I have stopped uploading EA because of the thread starter's intention.
  • #429
  • Edited 3:17am May 27, 2018 2:06am | Edited 3:17am
Quoting Hambone
{quote} The EJ weekly looks valid if you are allowing bear/bear candle combinations and Type 2. I believe Joseph's original model was candles of different colors (bull/bear, bear/bull). I'll have to defer to him. What pair is the second chart?
EurJpy and UsdCad. Will wait for Joseph's answer.
  • #430
  • May 27, 2018 7:26am May 27, 2018 7:26am
Quoting john0415
This is EA for this Strategy. Change StopLoss,TakeProfit as you want. (Don't make SL and TP too tight.If do so,the order fails.) If SL and TP is both 0,SL and TP becomes a last bar's bar-Length. Orders will expire if not filled. Enjoy backtesting. {file}
Hi John0415. Thank you for your effort to code an EA and to share it with the community. Personally, I like using tools and automation that could potentially help me. That said, may I offer a suggestion? Since Joseph95 started this thread and expressed his desire to not have any EAs posted, maybe you would consider starting another thread of your own and post your EA there. That would allow those who wanted to test your EA and provide feedback to do so without muddling up Joseph's thread with all of the back and forth that accompanies testing, debugging, etc. an EA. This would keep this thread brief and effective and prevent it from becoming so overburdened and lengthy as so many other threads have become.

I have put your EA through the first battery of tests and have some feedback since it doesn't appear to take the trades correctly. I'll await your response on starting another thread and post my test results/comments there. Thanks for considering.
  • #431
  • May 27, 2018 7:43am May 27, 2018 7:43am
Quoting Hambone
{quote} Hi John0415. Thank you for your effort to code an EA and to share it with the community. Personally, I like using tools and automation that could potentially help me. That said, may I offer a suggestion? Since Joseph95 started this thread and expressed his desire to not have any EAs posted, maybe you would consider starting another thread of your own and post your EA there. That would allow those who wanted to test your EA and provide feedback to do so without muddling up Joseph's thread with all of the back and forth that accompanies testing,...
Oh,I didn't know about posting EA in this thread.
I respect that and I've stoped uploading my EA.
As for new thread,I have no such intention.
Thank you for the reply.
  • #432
  • May 28, 2018 5:13pm May 28, 2018 5:13pm
Here are the Type2 Daily setups per the NY 5 pm. There we no daily Type1.

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  • #433
  • May 29, 2018 8:29am May 29, 2018 8:29am
personally i have being giving this trading pattern a trial ever since this thread has being opened, all i can say is that the result for me has being encouraging so far but i will like for support and resistance indicator or something to determine support and resistance.it will surely help determine a more safer place to take trade and it will also help filter trades better,though i which i have a good support and indicator to help but i will not mind if it can be added.
  • #434
  • Edited 6:22pm May 30, 2018 5:31pm | Edited 6:22pm
Quoting rookie14
{quote} Brother, It makes complete sense the way you are sharing your trading strategy I have one question please During the anticipated long trend when a counter candle stick is formed, I mean long wick and close above/below previous candle, would you close that trade or would rather bring the stop loss bit around close to that place? Thanks in advance R
My template :
Intraday only.
  • #435
  • May 30, 2018 6:21pm May 30, 2018 6:21pm
Here are the setups for 5/30/2018 at 5:00 pm NY close.

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  • #436
  • May 31, 2018 8:10pm May 31, 2018 8:10pm
Quoting dkarev
personally i have being giving this trading pattern a trial ever since this thread has being opened, all i can say is that the result for me has being encouraging so far but i will like for support and resistance indicator or something to determine support and resistance.it will surely help determine a more safer place to take trade and it will also help filter trades better,though i which i have a good support and indicator to help but i will not mind if it can be added.

You could try the indicator available in this thread. It is in the 1st post

https://www.forexfactory.com/showthread.php?t=733891
  • #437
  • Edited 5:45am Jun 2, 2018 5:29am | Edited 5:45am
Till now i have studied it on m5. It works and there are a lot of signals.

A dashboard working only for spot M5 signals (both type 1 and 2, or if you want more chances only type 1) could be very useful, because m5 it's a very fast TF, and without it we could miss some good signal. For D1 W1 and MN tf it's useless IMHO
  • #438
  • Jun 2, 2018 7:39am Jun 2, 2018 7:39am
Quoting Joseph95
Till now i have studied it on m5. It works and there are a lot of signals. A dashboard working only for spot M5 signals (both type 1 and 2, or if you want more chances only type 1) could be very useful, because m5 it's a very fast TF, and without it we could miss some good signal. For D1 W1 and MN tf it's useless IMHO

Hi Joseph95. What do you mean "For D1 W1 and MN tf it's useless IMHO"? Wasn't this the first rule from the first post?

-------------------------------------------------
Rule n°1

-Trade ONLY Daily, Weekly and Monthly.
----------------------------------------------

From your original posts, you had backtested on the Daily as far back as you could go. ??
  • #439
  • Jun 2, 2018 10:52am Jun 2, 2018 10:52am
Quoting Hambone
{quote} What do you mean "For D1 W1 and MN tf it's useless IMHO"? Wasn't this the first rule from the first post? ------------------
He was referring to the use of a dashboard for higher timeframes...
  • #440
  • Jun 2, 2018 10:20pm Jun 2, 2018 10:20pm
Quoting david7
Keep in mind that I always used the almost best possible exit. I know its not realistic, but this just shows whats possible if you let few positions run. TP1 RR1:1 was hit anyway most of the time. Its up to the trader what to make out of the rest. Like I said with keeping attention to price action theres much possible, but even trading this entry method blind its still profitbale for now. I know that 20 trades per pair are not much and I will keep on testing, but the results looking good for now.
Great stuff, mate. From the average win-rate (+75%) you posted, I think a 1:1 ratio is already good enough. Anything higher will just be a cherry on the cake. One might consider splitting his positions in 2. First position exits at 1:1, while the other continues to run until the next key S/R level.
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