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Attachments: Cover The Bar
Exit Attachments

Cover The Bar

Aug 9, 2018
Last Sync: Aug 9, 2018
Aug 9, 2018
Last Sync: Aug 9, 2018
Aug 9, 2018
Last Sync: Aug 9, 2018
Aug 9, 2018
Last Sync: Aug 9, 2018
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No trading activity in this period.
Can you message broda? Make we yan for side abeg.
usdchf has it buy trade, i send this screen bcos it is opposite of eurusd in correlation, otherwise the system is for EURUSD

from the 15min look up we understand that the momentum potential has made this order worth 3times the set lot

be cos we have three 15min bars below the lower red line for the buy order type.
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i could not follow this , cos i was not at computer
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  • Post #24
  • Quote
  • Edited at 9:40am Aug 7, 2018 9:29am | Edited at 9:40am
hi bepostan
your ruls is the prev bar must be same direction as the P.A bar
in this picture prev bar is not same direction as P.A bar
according to this law, this signal is false
is it right?
Attached Image (click to enlarge)
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be healthy and wealthy... Ceeport
How best could you have filtered this as descibed in the attached image.


Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: COVER BAR 1.jpg Size: 72 KB
Quoting shahed58
hi bepostan your ruls is the prev bar must be same direction as the P.A bar in this picture prev bar is not same direction as P.A bar according to this law, this signal is false is it right? {image}
yes it is false
Quoting osittu
How best could you have filtered this as descibed in the attached image. Thanks. {image}
though the system is mainly for eu and uchf. however the signal hit tp. ur question ahould have been to know how to exit.
[quote=Bepostan;11341314]{quote} though the system is mainly for eu and uchf. however the signal hit tp it catapulted very well. i am sure ut momentum was up to 2 or3 of 15 min bar with a low below the lower line.
ur question should have been to know how to exit.
Quoting Bepostan
{quote} though the system is mainly for eu and uchf. however the signal hit tp. ur question ahould have been to know how to exit.

Whats your preferred TP?
Quoting osittu
{quote} Whats your preferred TP?
few pips above the entry price
  • Post #31
  • Quote
  • Edited at 3:03pm Aug 7, 2018 2:45pm | Edited at 3:03pm
hi Bepostan

1) Does it work only at H4? or all timeframe
2) Is it just for EURUSD and USDCHF pairs? or all pairs

3) is this false signal in this post? (because of prev bar is not same direction as P.A bar)
https://www.forexfactory.com/showthread.php?p=11333709#post11333709
be healthy and wealthy... Ceeport
Quoting shahed58
hi Bepostan 1) Does it work only at H4? or all timeframe 2) Is it just for EURUSD and USDCHF pairs? or all pairs 3) is this false signal in this post? (because of prev bar is not same direction as P.A bar) https://www.forexfactory.com/showthread.php?p=11333709#post11333709
1 best at 4hrs bcos the active sessions of different from newyork down the clock back to newyork time have active sessions of 4hrs apart

2 it work for all pairs, but i selected the two majors

3 yes it is false signal
Quoting Bepostan
{quote} few pips above the entry price
LIke 20-30pips?
Whats the value or range of value for "few pips above the entry price" please?
Quoting osittu
{quote} LIke 20-30pips? Whats the value or range of value for "few pips above the entry price" please?
some times more than 20pips
Quoting Bepostan
{quote} some times more than 20pips
For a system/strategy that is based on minimal pips in that range can be relatively meant for scalping.
Now considering the timeframe used in generating the signals, 4HR, dont you think the ROI with time isnt encouraging?
Unless one trades with a bigger lot, the gains are extremely low.
On the hindsight, if i may ask, what's the average number of signals get generated in a month?
Quoting osittu
{quote} For a system/strategy that is based on minimal pips in that range can be relatively meant for scalping. Now considering the timeframe used in generating the signals, 4HR, dont you think the ROI with time isnt encouraging? Unless one trades with a bigger lot, the gains are extremely low. On the hindsight, if i may ask, what's the average number of signals get generated in a month?
Oga 20 pips is not a low Gain at all. big instituion and smart money, make just fewer pips to roll up.

as regards how many trades generated. it is WYSIWYG= what you see is what you hv got
Quoting Bepostan
{quote} Oga 20 pips is not a low Gain at all. big instituion and smart money, make just fewer pips to roll up. as regards how many trades generated. it is WYSIWYG= what you see is what you hv got
Good reply, just what i wanted. Infact, 20pips weekly for me is a great deal. Thanks real good, i understand the whole journey now. I wrote that to clear some people's doubt about this solid system.
As retailers, if you're looking for large pips movement that would buy you ferari from a single trade call, then i'll advise you look elsewhere.

I'll be more that glad to add my 2 cents from time to time.


Thanks
How do you determine bar number 1?

If first red line is entry, second red line is stop loss. Where do you get the count for number of bars above/below second line on M15 chart?

It looks like bars crossing the second line would be a stop out. Can you explain better? Thanks Paul
  • Post #39
  • Quote
  • Edited at 3:58am Aug 8, 2018 3:45am | Edited at 3:58am

Quoting plind
How do you determine bar number 1? If first red line is entry, second red line is stop loss. Where do you get the count for number of bars above/below second line on M15 chart? It looks like bars crossing the second line would be a stop out. Can you explain better? Thanks Paul
Any previous Bar is bar number 1

before the current Bar
Attached Image
reply for Osittu, i am working on not just an Indicator but more.
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