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Simple H4 Mobile Trading System

  • #301
  • Oct 13, 2018 3:21am Oct 13, 2018 3:21am
Quoting HappyMan
Dear hzs10, Can you please help me understand your money management. I gather you use Fibo and that when the price reaches 150 you move the SL to 100. Where do you start in the first place? Pictures are welcome. Thank you!
Look there https://www.forexfactory.com/showthread.php?t=824888. It will help.
  • #302
  • Oct 13, 2018 8:39am Oct 13, 2018 8:39am
Pretty easy to understand, objective and no double guessing. Would you please tell us what broker you’re using? Sometimes broker data varies and CSs may look different. Below I attached screenshots of IronFX, Tradersway and TheTradersDomain, you can see there is quite a difference on what looks to be an engulfing CS.
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Grind until you no longer have to introduce yourself. 4:30am club
  • #303
  • Oct 13, 2018 10:14am Oct 13, 2018 10:14am
Quoting hzs10
{quote} Keeping all the parameters the same across all pairs are able to give the accurate final profitable % of this strategy. Critical thinking: Do you do that for backtest? Do you skip setup on Friday when doing backtest? Do you check important news and skip setup when doing backtest? If not, then why do you do that for forward testing? If you do that for backtest, then fair enough you can do that for forward testing. The true is how many make that extra effort to do that when doing backtest?
Yes I trade live as I traded on the backtests.
Just to re-cap, I take every signal, I set pending orders at the high or low of the engulf candle and set SL at high/low and TP is 150fib, I do not care about any directional bias, I use a fixed position size on all trades, if a trade has not triggered and a candle closes beyond SL I cancel trade, if a trade is active and an opposite signal shows up but does not hit SL I close with a small loss, if a trade is open and I get a close beyond 1/2 way to 150fib I close and finally if a second signal of the same direction shows up during an active trade I will open a second trade at twice the position size.
The backtest results show the high win rate I feel is needed to trade this way...

Chris
  • #304
  • Oct 13, 2018 10:23am Oct 13, 2018 10:23am
Quoting cfudge
{quote} Yes I trade live as I traded on the backtests. Just to re-cap, I take every signal, I set pending orders at the high or low of the engulf candle and set SL at high/low and TP is 150fib, I do not care about any directional bias, I use a fixed position size on all trades, if a trade has not triggered and a candle closes beyond SL I cancel trade, if a trade is active and an opposite signal shows up but does not hit SL I close with a small loss, if a trade is open and I get a close beyond 1/2 way to 150fib I close and finally if a second signal...
What do you use for back test ?
  • #305
  • Oct 13, 2018 10:42am Oct 13, 2018 10:42am
Quoting okshop
EURGBP {image} {image}

pls share with me fibonacci input setting
  • #306
  • Oct 13, 2018 10:59am Oct 13, 2018 10:59am
Quoting ING.WIZARD
{quote} What do you use for back test ?
Here is an example of how I bactested this
The only remaining question, as I have stated previously, is how the profit to loss ratio will turn out, which I am live testing now.
Chris
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  • #307
  • Oct 13, 2018 11:07am Oct 13, 2018 11:07am
Quoting cfudge
{quote} Here is an example of how I bactested this The only remaining question, as I have stated previously, is how the profit to loss ratio will turn out, which I am live testing now. Chris {image}
What the longest losing streak?
Grind until you no longer have to introduce yourself. 4:30am club
  • #308
  • Oct 13, 2018 11:13am Oct 13, 2018 11:13am
Quoting Fxmd
{quote} What the longest losing streak?
No idea. Did not keep track, not really a concern...but no more than 2 or 3

Chris
  • #309
  • Oct 13, 2018 12:04pm Oct 13, 2018 12:04pm
Quoting cfudge
{quote} No idea. Did not keep track, not really a concern...but no more than 2 or 3 Chris
It should.
Grind until you no longer have to introduce yourself. 4:30am club
  • #310
  • Edited 12:42pm Oct 13, 2018 12:27pm | Edited 12:42pm
Tried to make manual backtest of EURUSD 4H GMT+2 according to original rules ( BE at 150 Fibo, TP at 200) using OGT Price indi with Cfudge settings from Jan 2016 to Oct 2018, seems like this pair is not profitable. Could be interesting if someone would make such backtest also. Probably JPY pairs are the best for this strategy in the long run.
  • #311
  • Oct 13, 2018 1:26pm Oct 13, 2018 1:26pm
Guys, you are talking about backtesting. Great.

What you will find out? That one pair was 80% successful so you are going to trade it? I can backtest 100 strategies and they will be all successful. You know why?

Because, you will say to yourself: here I would move to BE, here I would take profit, here I would not take that trade, here I would do that and there I would do that.

You know, why you are not profitable and you dont have any trading system? Because you are looking for your holy grail, best would be to have about 90% profitable trades without any work. You jump from thread to thread asking if it is still profitable, if anyone backtest this and backtest that, how much one can make with this strategy.

You should wake up. If you like simplicity, stick to this strategy, and do FORWARD test, how you can test your FEELINGS about market in backtest? Tell me. How you can test your EMOTIONS in backtest? Tell me. How you can test your money managment in backtest? Tell me.

Of course, it will take some time, but if you can not do consitent profits on demo, how the f*** you want to it do live?

I am going to tell you HOLY GRAIL. - The Holy Grail is inside you. What does it mean?

Your head.
Your emotion.
Your money managment.

You have your power in engulfing pattern, you can see, when bears or bull are taking over. Is it under or above MA? Great, what about to ask another question, why it should go there or there, how big is probability of going that way? Is it near to any important level, where it can break? Try to do some work, try to look for more things, try to build confidence, try to see more things. NOT IN A BACKTESTING!

Great thread, keep going!

B
  • #312
  • Oct 13, 2018 1:42pm Oct 13, 2018 1:42pm
Quoting Badget01
NOT IN A BACKTESTING!
No problem, this is your opinion. I know, that some people consider backtesting useless. I do consider it useful, but there is no point to start long discussion.

Quoting Badget01
Great thread, keep going! B
Yes, this is great thread.
  • #313
  • Oct 13, 2018 2:11pm Oct 13, 2018 2:11pm
Quoting Loqito
{quote} No problem, this is your opinion. I know, that some people consider backtesting useless. I do consider it useful, but there is no point to start long discussion. {quote} Yes, this is great thread.
One day, you will find out what is better.

Maybe I will :-).

B
  • #314
  • Oct 13, 2018 2:30pm Oct 13, 2018 2:30pm
Quoting Badget01
{quote} One day, you will find out what is better. Maybe I will :-). B
Seriously!!!!!!!!
This approach that HZS10 has put forward is so simple and requires zero emotion when traded. Requires zero decision analysis. Requires zero trade management except to move a SL to BE...not emotional at all I would say.

I did a simple visual backtest as I described and erred on the side of the losses in order to keep emotion out of it, as a result my win percentages are actually lower than they could be with the steps I talked about earlier.

But as we agree time will tell us both the answer.

Chris
  • #315
  • Edited 2:53pm Oct 13, 2018 2:36pm | Edited 2:53pm
Quoting cfudge
{quote} Seriously!!!!!!!! This approach that HZS10 has put forward is so simple and requires zero emotion when traded. Requires zero decision analysis. Requires zero trade management except to move a SL to BE...not emotional at all I would say. I did a simple visual backtest as I described and erred on the side of the losses in order to keep emotion out of it, as a result my win percentages are actually lower than they could be with the steps I talked about earlier. But as we agree time will tell us both the answer. Chris

I was not talking about visual backtest. Of course you will do always some visual backtest, it is human brain, we all do that.
  • #316
  • Edited 5:24pm Oct 13, 2018 4:35pm | Edited 5:24pm
Quoting thisara1
{quote} pls share with me fibonacci input setting
It’s the same as the op/ hzs10 is using mate. Just the SL is extra 0.236 from the low or high of candle
The secret to this system & all system is the money management / risk management. Happy trading

edit (gbpnzd h4)
Attached Images
Self discipline It is a practice
  • #317
  • Oct 13, 2018 9:44pm Oct 13, 2018 9:44pm
Quoting okshop
{quote} It’s the same as the op/ hzs10 is using mate. Just the SL is extra 0.236 from the low or high of candle The secret to this system & all system is the money management / risk management. Happy trading edit (gbpnzd h4) {image} {image}
What's your settings on the Fibo? levels?
  • #318
  • Oct 14, 2018 4:18am Oct 14, 2018 4:18am
Quote
hzs10
hello everyone .. first of all a huge thanks to hzs10, for sharing this trategy so detailed with everyone, in the environment of the traders, few are so kind.
I am a trader since 2006 and I already knew this strategy, but not so detailed, so again thanks to hzs10.
I read all the threads, and I noticed that many did not understand how an ENGULFING should be configured, without wishing to confuse anyone, if you want I recommend this extremely precise tool in recognizing a perfect engulfing,
obviously configurable, with push notifications, and it is possible to eliminate the SL TP lines in order to continue using the Fibo recommended by hzs10.
(costs $ 12, this is not my product, and I'm not advertising the manufacturer, but I simply bought and tried this indicator, just for this reason I recommend)

Attached Image (click to enlarge)
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https://www.mql5.com/en/market/produ...tab_p_overview
  • #319
  • Oct 14, 2018 4:47am Oct 14, 2018 4:47am
Attached File(s)
File Type: mq4 engulfing-indicator.mq4   4 KB | 1,172 downloads
Self discipline It is a practice
  • #320
  • Oct 14, 2018 5:41am Oct 14, 2018 5:41am
Nice strategy, especially the simplicity. I do have one question. How do you add the price levels on the fib lines? I'm using the mobile android version.
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