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Simple H4 Mobile Trading System

  • #1,281
  • Nov 18, 2018 2:32am Nov 18, 2018 2:32am
Quoting reisai
{quote} Sorry ill change my question.. when u considering engulfing candle, do u include the wick or body only?
Thanks reisei

I try to be selective. If a body is small with long upper and lower wicks that engulf the previous bar, I would not take a chance. If I see a whole body engulf the whole body of the previous candle, it is a bonus. No need to see whether the wicks cover the previous bar or not. I also do not take engulfing that has very long body, eg the GBP that drops like crazy last Friday or Thursday. Its also affects your R:R if you take that trade.
  • #1,282
  • Nov 18, 2018 2:35am Nov 18, 2018 2:35am
Quoting josephkee
{quote} thanks ahgang. The best is the next bar confirms the engulfing so that it does not affect your R:R ratio. I noticed that it still works if the confirmation bar comes 2 or 3 bars after engulfing but best is the next bar so that you are not too far away. Don't just believe what I say. Do your test. thanks
Hello Mate
I am doing BT just now come out with that question.

I did the USDCAD from June to AUG, my result is
Total 19 Trades
Win 11
SL 8
Below are all the charts

Win
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  • #1,283
  • Nov 18, 2018 2:37am Nov 18, 2018 2:37am
Lose
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  • #1,284
  • Nov 18, 2018 2:56am Nov 18, 2018 2:56am
Quoting ahgang
{quote} Hello Mate I am doing BT just now come out with that question. I did the USDCAD from June to AUG, my result is Total 19 Trades Win 11 SL 8 Below are all the charts Win {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}
Hi Ahgang
can you do a longer backtest. say 6 months its takes you about 15 min for each pair. If I am not wrong, I see H1 TF in there as well. Also SL is not exactly at 0 as some volatile ccy can wicksaw and wipe you out if you stay at 0. I usually have 10-15 pips more for SL. Also I noticed that your fifth slides on your winning trade why you did not consider a win at the engulfing bar right below the chart. As I have said, two setups along the same trend I consider as 2 wins.

Lets see what Trinquete comes up with.
  • #1,285
  • Nov 18, 2018 3:09am Nov 18, 2018 3:09am
Quoting josephkee
{quote} Hi Ahgang can you do a longer backtest. say 6 months its takes you about 15 min for each pair. If I am not wrong, I see H1 TF in there as well. Also SL is not exactly at 0 as some volatile ccy can wicksaw and wipe you out if you stay at 0. I usually have 10-15 pips more for SL. Also I noticed that your fifth slides on your winning trade why you did not consider a win at the engulfing bar right below the chart. As I have said, two setups along the same trend I consider as 2 wins. Lets see what Trinquete comes up with.
Hello Mate

No problem for that,i stop because the SL seems occur alot and not like your results all less than 10SL. I worried due to i dont understand your method.
As for SL placement, i think only 2 to 3 trades with tolerance 15pips placement doing the job well to keep away. Mostly SL occur due to trend changed.
And please confirm my entry method is it close to your defination?
  • #1,286
  • Nov 18, 2018 3:22am Nov 18, 2018 3:22am
Quoting ahgang
{quote} Hello Mate No problem for that,i stop because the SL seems occur alot and not like your results all less than 10SL. I worried due to i dont understand your method. As for SL placement, i think only 2 to 3 trades with tolerance 15pips placement doing the job well to keep away. Mostly SL occur due to trend changed. And please confirm my entry method is it close to your defination?
Thanks Ahgang, I need someone else to validate my test. I may be wrong or see things I not suppose to see. This is not concrete yet that's why I need Trinquete to help me. Thanks. Please do a longer test and maybe test nzdusd as well. Test from today till 1/5/2018. See if your figure comes out different.
  • #1,287
  • Nov 18, 2018 3:33am Nov 18, 2018 3:33am
Quoting ahgang
{quote} Hello Mate I am doing BT just now come out with that question. I did the USDCAD from June to AUG, my result is Total 19 Trades Win 11 SL 8 Below are all the charts Win {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}
Hi Ahgang
just wondering why you did not include this bearish engulfing. As I have said, setup along the same trend I consider as 2. I think some you did not take in but I do. You can see a lot of setup along the same trend.
Attached File(s)
File Type: docx Reisai.docx   240 KB | 338 downloads
  • #1,288
  • Nov 18, 2018 3:51am Nov 18, 2018 3:51am
Quoting josephkee
{quote} Hi Ahgang just wondering why you did not include this bearish engulfing. As I have said, setup along the same trend I consider as 2. I think some you did not take in but I do. You can see a lot of setup along the same trend. {file}
Hello Mate

Are you refering to this, i enter 3 bars later as need to wait it close low under the engulfing bar and, it is SL
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  • #1,289
  • Nov 18, 2018 4:07am Nov 18, 2018 4:07am
Quoting ahgang
{quote} Hello Mate Are you refering to this, i enter 3 bars later as need to wait it close low under the engulfing bar and, it is SL {image}
This one I saw and counted as one of the loss. According to my count Jun1 to Aug 31 there are 11 wins and 4 losses. I counted twice and I get the same figure. That's is 64% and for these short two months is still a respectful result if you manage your R:R ratio properly. Does longer time gives different result? I don't know, that's why we can find out.

Please refer to my word doc to show you why you did not count some of the winning trades along the same trend. There are a lot you missed out, I think.

If you ask me why I count two setup within the same trend since no trader is going to buy or sell twice when his first trade has not tp I really have no answer. But I guess the test is to show that if presented with a valid engulfing no matter how many times, how many will turn up win and how many will turn up loss assuming you take in all valid engulfing bar.
  • #1,290
  • Nov 18, 2018 4:25am Nov 18, 2018 4:25am
Quoting TradeForexFx
{quote} Replaces the previous indicator uploaded by me. (Post #1023). Updated for - Bar calculations - three types of engulfs, with three levels of colors - includes signals with or without MA condition - included minimum and maximum bar length for signals - Included Fibo TP and SL (based on the lookback bar) - Lookback desired number of bars for reviewing signals at those bars (0 for current bar, 1 for previous bar and so on) I am unable to add email alert, push notifications etc. TF {image} {image} {file}
hi TradeForexFx,

You could add email alert like this: on your HZS_Engulfing Bar DB v2.mq4:

at the top of the code, where you are declaring variables:
extern string Alert_every_n_Min_Bar_ = "1,5,15,30,60,240 are valid entries"; //This bit is already there!
extern bool SendEmailAlert = false; // Here I am declaring a variable to allow users to toggle the switch


At the bottom of the code, where you are sending the pop-ups. (approx line 4222)

if(PopUp_Alert){
string Message;

if ( TradePair_1_Color != Aqua)
{
Message = "Possible Engulfing Bar: "+TradePair_1+" M "+Period();
if (PopUp_Alert) Alert(Message);
if (SendEmailAlert) SendMail(Message,""); //New Line: This bit sends the email.
Sleep (1000);

}

The format of the SendMail command are SendMail(subject,text) where subject is email subject header, and text is the email body. (check the MQL4 Reference manual)

hope this can guide you. Its not that complex. Getting users to configure their platform to send emails is where problems happen!
  • #1,291
  • Nov 18, 2018 4:36am Nov 18, 2018 4:36am
Quoting josephkee
{quote} This one I saw and counted as one of the loss. According to my count Jun1 to Aug 31 there are 11 wins and 4 losses. I counted twice and I get the same figure. That's is 64% and for these short two months is still a respectful result if you manage your R:R ratio properly. Does longer time gives different result? I don't know, that's why we can find out. Please refer to my word doc to show you why you did not count some of the winning trades along the same trend. There are a lot you missed out, I think. If you ask me why I count two setup...
Hello Mate

Instead of asking why i never count the winner trade that you saw, how about show me which are the winner trade that you refering? i dont really see anymore trade that fit into our SELL engulfing rules.
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  • #1,292
  • Nov 18, 2018 4:41am Nov 18, 2018 4:41am
Quoting sam69
{quote} hi josephkee, how is your fibo settings? seems they aren't 150 and 200%..

hello josephkee,

could you please give me an answer to my question, thanks!
Money is made by sitting, not trading. Jesse L. Livermore
  • #1,293
  • Nov 18, 2018 4:58am Nov 18, 2018 4:58am
Quoting ahgang
{quote} Hello Mate Instead of asking why i never count the winner trade that you saw, how about show me which are the winner trade that you refering? i dont really see anymore trade that fit into our SELL engulfing rules. {image}
Hi Ahgamg
I think you did not take this in.
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  • #1,294
  • Nov 18, 2018 5:02am Nov 18, 2018 5:02am
Quoting sam69
{quote} hello josephkee, could you please give me an answer to my question, thanks!
Hi sam69
must have omitted your question. Sorry about that.
I think my fibo 150 and 200 is in there. Not sure if the chart you show me if it does not appear. But look at my post 1294 above. Its there .Did I draw it correctly?\thanks
  • #1,295
  • Nov 18, 2018 5:37am Nov 18, 2018 5:37am
Hi USDYEN back-test May 1 to today (6 months) H4 TF

RESULT

WIN 22-30 GIVE AND TAKE BECA

USE

I CONSIDER EB SOME OF YOU MAY NOT
LOSS 7. (I COUNTED TWICE FOR THIS PAIR)

Can someone help me validate if I am correct? Thanks
  • #1,296
  • Nov 18, 2018 5:42am Nov 18, 2018 5:42am
Quoting josephkee
{quote} Hi sam69 must have omitted your question. Sorry about that. I think my fibo 150 and 200 is in there. Not sure if the chart you show me if it does not appear. But look at my post 1294 above. Its there .Did I draw it correctly?\thanks
i don't know exactly,what is is, but it seems to be different as mine...
please look at the pictures, my fibo has r:r 1:1,the distance from 0 to 100 is equal to the distance between 100 and 200...
so, my r:r is <1 as soon as i enter the trade 1 pip lower than fib 100...
hope, you understand it...
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Money is made by sitting, not trading. Jesse L. Livermore
  • #1,297
  • Nov 18, 2018 5:50am Nov 18, 2018 5:50am
Quoting sam69
{quote} i don't know exactly,what is is, but it seems to be different as mine... please look at the pictures, my fibo has r:r 1:1,the distance from 0 to 100 is equal to the distance between 100 and 200... so, my r:r is <1 as soon as i enter the trade 1 pip lower than fib 100... hope, you understand it... {image} {image}
Hi sam69

mot sure too. I think my fibo some thing wrong. But I have being TP at 200 no problem. But your 200 and my 200 is 20 pips difference. But not to worry I think because if I am not accurate in where I start (o fibo_ then the 200 will be different price. I think that's how it works.
  • #1,298
  • Nov 18, 2018 6:03am Nov 18, 2018 6:03am
Quoting josephkee
{quote} Hi sam69 mot sure too. I think my fibo some thing wrong. But I have being TP at 200 no problem. But your 200 and my 200 is 20 pips difference. But not to worry I think because if I am not accurate in where I start (o fibo_ then the 200 will be different price. I think that's how it works.

hmm, my question was because of r:r...
if we enter after confirmation then our risk is greater than reward...
but anyway, thanks for the answer!
Money is made by sitting, not trading. Jesse L. Livermore
  • #1,299
  • Nov 18, 2018 6:08am Nov 18, 2018 6:08am
Quoting sam69
{quote} hmm, my question was because of r:r... if we enter after confirmation then our risk is greater than reward... but anyway, thanks for the answer!
You are absolutely right. There is no way you can have your cake and eat it. Its either you want to be sure before you enter and lose some points or you need to manually adjust the SL and TP to suit your 1:1 ratio. But I always bring my BE to 100 once price hit 150 fibo and it helps a lot except for one trade GBPCHF I move to 100 and it got stop out If I have remained above 0 and not move to 100 I would have TP eventually. This is fx and there is always surprises.

Oh... you can draw your fibo on the confirmation bar not engulfing. would that make a difference?
  • #1,300
  • Nov 18, 2018 6:10am Nov 18, 2018 6:10am
Quoting josephkee
{quote} Hi Ahgamg I think you did not take this in. {image}
Hello Mate

Thanks for pointing out, but from my chart i dont see its engulfing to previous bar.
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Can you define your engulfing bar 1 more time? To clear the defination.

Thank you mate.
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