Trading is as simple as 1-2-3

So true. It can also be construed as being lazy when one has failed to read what is available. You are anxious to learn. Be patient enough to take the time to read. No one here gets to demand an "executive summary".

The rules are simple. Follow them and profit should follow.

TooSlow,

Good to hear from you. Hope all is well. Completely agree with your statement, sometimes people hide their laziness behind questions. I was looking for a direction where to read and study. Turnip's question, very Socratic, helped me to find focus. Lemercenaire has been kind to clarify the steps. By the way, can you please comment on this when you have time,

https://www.forexfactory.com/showthr...8#post11598418

Thank you in advance and happy trading!

Short EG +5 locked

Long CF +5 locked this did not set a new low but tied it making it a nice set up

Short GJ +5 locked +44 20 trailer on

Hi too slow, can you post the normal japanese candlestick to show the entry? I can't understand the this kind of chart.. I am sorry

We use bar charts for 1-2-3 to differentiate the method from its cousin, HOLO.

I'd suggest it may be worthwhile taking the time to investigate bar charts, as they are incredibly easy to understand, much easier than candlestick. Little line on the left shows open, little line on right shows close. Centre bar is price travel (H + L). Simple and elegant.

incredible discussionbar chart suspense
but often these simple things make the difference

Short EU +5 locked

Long CA +5 locked actually took this on the second bar as momentum kept it going.

Test does not mean touch in this context. Use hand grenade logic. Getting near is good enough.

Feel free to download the template and switch to candlesticks.

This is where it gets interesting. How can one identify "getting near"? Surely, for experienced traders, their eyes tell them. What advice would you have for beginners?

to get experienced

Short EU +5 locked same bar +45 20 trailer on

Turn that on its head. Did it make a new H / L?

No? Then you're good to go.

Don't overthink it.

Like Lem and tooSlow tell you - "grenade logic" etc. KEEP IT SIMPLE -like Lem says - new H/L etc.

Stop jumping from thread to thread and demo 123 approach. It really is simple but you keep trying to tie it down to immutable laws -they don't exist except for the simple ones in post one - and these don't work all the time otherwise we will be millionaires by next year. Even these are tampered with by experienced persons here from time to time but they know the risk they are taking -you don't - so keep it simple. Lem has given you the basics -HH/HL etc?-don't overthink it because it will not work, you will never have 100% winners. Stick with the simple -it is an edge.

[attach]102418eg.png;3055926[/attach
Long EG +5 locked

My "immersion" in this system.

To begin with, respect: thanks to TooSlow and colleagues who constitute the intellectual "core" of this topic.
All benevolent and in business.

Since TooSlow does not plan to automate the TS in this thread, I want to share the results that I received
at the first stage of my attempts to automate this algorithm.
1. My trade in hands according to the rules of the TS is quite successful.



2. I understand that I did not take all the deals, but only those that were suggested by my own experience of analyzing graphs.
3. After making a profit from the trade in hands, I decided that automation would give me a good way to increase profitability.
When the EA started trade, I was surprised to see that literally following the algorithm in all cases does not give a sharp
increase in profitability.
The analysis showed that losses are associated with parts of the chart with a long trend. When the market does not want
to give a profit even in the 15 pips five-digit.



I realized that, guided only by the rules and not having my experience, the EA cannot act successfully in the situation that was discussed here
https://www.forexfactory.com/showthr...6#post11517506 and periodically arises.
The brainless program does not have "individual trader discretion and interpretation" and I need to give it this knowledge and experience.
A few years ago, in the Quantum topic, I was looking for signs of confirmation of a trend reversal. For this purpose, I corrected the Kiosotto indicator (RSI based). Then Kilian19@FF rewrote this indicator again. Over the years, I myself, Scriptong, Staxis and Mobidik, have been making new versions of this idea.

I added to the breakdown of the daily extremum confirming the reversal signal Kiosotto.




The screenshot below shows the yield curve since December 2012 until April 2017, then a drawdown of 50% of the depot test occurred was stopped.
The Kiosotto data turned out to be necessary for the EA "individual trader discretion and interpretation" and made it possible to make the majority of transactions profitable.
Conclusion: TooSlow in several paragraphs of the description offered an excellent trading algorithm. It is necessary to have an idea about the levels of support and resistance in which trade is most effective. For successful trading, you need to repeatedly make sure that your "individual trader discretion and interpretation" are adequate and correctly recognize these zones.

Ps. The presented screenshots are not the result of the work of a full-fledged trading robot. This is only a test EA to test the basic algorithm.
Not the fact that the robot will be developed. I hope that the data presented will be useful to different categories of traders.

===============================================================


TooSlow, I hope I did not break the rules too much with this message. I am grateful to you for publishing this algorithm and constantly feeding it with your knowledge and experience. I wanted to show my colleagues that with accurate and correct analysis one can trade in profit over the course of many years. And the drawdown on the test EA is the result of an incorrectly placed and not deleted order, i.e. EA problem.

A very interesting post involving a lot of work to get to this stage, thank you.

Although TooSlow has explicitly stated that there should be no mention of any EA on the thread, I feel that this is more a research project that investigates a number of key points connected to 1-2-3 and the internal logic of the method.

As such, I hope TS is happy to let it stand as is. If so, I would also suggest that it may be an idea to save it as a pdf and add it to the paperclip. That's TooSLow's call 100% however. I have saved it off for my own knowledge bank anyway.

What this ultimately shows is that although a bare bones EA will not be enough to be successful, no matter how close it follows the rules of the method, the fact that it can be made profitable by a level of discretion actually - in my opinion - shows that the method is in fact hugely robust, just that it needs a bit of work on the part of the trader to learn his craft to make it so and let's face it, that's no bad thing.