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Simple H4 Mobile Trading System

  • #1,301
  • Nov 18, 2018 6:18am Nov 18, 2018 6:18am
Quoting ahgang
{quote} Hello Mate Thanks for pointing out, but from my chart i dont see its engulfing to previous bar. {image} Can you define your engulfing bar 1 more time? To clear the defination. Thank you mate.
Hi Ahgang

see my post 1282. Hope it helps. Again your perception of EB may be different from mine. Even if engulf the whole of previous but just a bit not engulf I may take it but you may not.

If you look at the chart I showed you, the bottom body completely engulf the bottom of previous and the top body is about the same or slightly higher.In this case I left the wick out.
  • #1,302
  • Nov 18, 2018 6:19am Nov 18, 2018 6:19am
Quoting josephkee
Hi USDYEN back-test May 1 to today (6 months) H4 TF RESULT WIN 22-30 GIVE AND TAKE BECAUSE 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
Okay Joseph,

Let me help you with your back test using same period and pair.
And let's see if we get the same results.
We're not here to be right, we're here to Profit Consistently!
  • #1,303
  • Nov 18, 2018 6:20am Nov 18, 2018 6:20am
some quick, simple, easy to follow rules iv made for myself over the weekend, still got more testing to do but thought it might be useful to some of you.
These are just from the past couple weeks, if you want to do more back testing (which i suggest ) you'll find these aren't just selective trades , these set ups happen often just gotta be patient.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: buys.PNG Size: 144 KB
Click to Enlarge Name: sells.PNG Size: 181 KB
  • #1,304
  • Nov 18, 2018 6:23am Nov 18, 2018 6:23am
Quoting ranilo.vince
{quote} Okay Joseph, Let me help you with your back test using same period and pair. And let's see if we get the same results.
Thanks Vince
  • #1,305
  • Nov 18, 2018 6:39am Nov 18, 2018 6:39am
Quoting josephkee
Another failed engulfing USDCHF. See chart You can see next to the failed engulfing is one that I took in. The bullish engulfing followed by confirmation and reached fibo 200. So my point is do not take engulfing that has no confirmation. There are so many that has so why take the risk. From yesterday test it is 94 wins and 21 loss out of just 4 pairs that is about 20% losses and 80% wins estimated? If that is the case out of 10 trades you will lose only 2. Set and forget and let it run till fibo 200. Backested usdchf from may 1 till today RESULT...
First of all, I would like to thank hzs10 for sharing this system.

josephkee, congratulations you realize the important problem in the system, I think that the engulfing signal and ma is not completely successful alone, I need another system to verify the engulfing signals. I've been thinking about this problem for a few days and I've tried a few other indiators and if I can, I'll try the PIN code for Dashboard EAX. I can't complete it yet, I hope I can.


Attached Image (click to enlarge)
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  • #1,306
  • Nov 18, 2018 6:58am Nov 18, 2018 6:58am
Quoting kyen87
{quote} First of all, I would like to thank hzs10 for sharing this system. josephkee, congratulations you realize the important problem in the system, I think that the engulfing signal and ma is not completely successful alone, I need another system to verify the engulfing signals. I've been thinking about this problem for a few days and I've tried a few other indiators and if I can, I'll try the PIN code for Dashboard EAX. I can't complete it yet, I hope I can. {image}
In my personal opinion i think the system works well as is, you will always lose selling at the bottom of a trend and buying at the top, same with every strategy, because it's impossible to predict the end of a trend, but if you follow this systems rules you would have come out a winner overall with 10 wins 4 losses and few break evens
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 137 KB
  • #1,307
  • Nov 18, 2018 7:45am Nov 18, 2018 7:45am
Quoting josephkee
{quote} 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.
Hi Josephkee, will do starting tomorrow, because I have my laptop in Santiago de Chile and Im in my home right now (Viña del Mar, 2 hours distance). But I whatched results and seems very well and will follow from now to do the live test.
  • #1,308
  • Nov 18, 2018 7:47am Nov 18, 2018 7:47am
Quoting kyen87
{quote} First of all, I would like to thank hzs10 for sharing this system. josephkee, congratulations you realize the important problem in the system, I think that the engulfing signal and ma is not completely successful alone, I need another system to verify the engulfing signals. I've been thinking about this problem for a few days and I've tried a few other indiators and if I can, I'll try the PIN code for Dashboard EAX. I can't complete it yet, I hope I can. {image}
I cant wait to see this PIN on dashboard EAX..

Im going to forward test, this system for a month, because im not used to back test with trading system. But looking back for a few weeks, to some pairs, i can say this system have about 70% winning probability. The fact that i can use it on my mobile device is really a big bonus.

Just for reminder, op says that she still testing this system, so i really hope that we can complete this system
Okay... sorry about my messed up English Tenses
  • #1,309
  • Nov 18, 2018 7:49am Nov 18, 2018 7:49am
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.
Hi Ahgang, you dont put fibo in the right spot in the loosing trades, you must yo take 0 and 100 level in the same candle that start everithing (the engulfing candle).
  • #1,310
  • Nov 18, 2018 7:52am Nov 18, 2018 7:52am
Quoting Trinquete
{quote} Hi Josephkee, will do starting tomorrow, because I have my laptop in Santiago de Chile and Im in my home right now (Viña del Mar, 2 hours distance). But I whatched results and seems very well and will follow from now to do the live test.
Thanks Trinquete. Just need people to help up to validate. I may be wrong in the counting and then we are back to square one. I think Vince offered to help too. Its difficult to eyeball as you get tired and may see double. Haha
  • #1,311
  • Nov 18, 2018 7:54am Nov 18, 2018 7:54am
Quoting fxlrich
{quote} In my personal opinion i think the system works well as is, you will always lose selling at the bottom of a trend and buying at the top, same with every strategy, because it's impossible to predict the end of a trend, but if you follow this systems rules you would have come out a winner overall with 10 wins 4 losses and few break evens {image}
Thanks fx1rich

But looking at your chart, I would not have taken the two engulfing on the extreme left (red arrow). It has no follow through and since I do not take it I would not consider that a loss. Thanks anyway.
  • #1,312
  • Nov 18, 2018 8:05am Nov 18, 2018 8:05am
Quoting Trinquete
{quote} Hi Ahgang, you dont put fibo in the right spot in the loosing trades, you must yo take 0 and 100 level in the same candle that start everithing (the engulfing candle).
Trinquete
I just noticed that too. The Fibo 0 and fibo 100 should be on the same engulfing candle. I do not see this happen in Ahgang chart. Also as I have mentioned earlier how I did the test, SL is never exactly at 0. If it is you are not giving allowance for wicksaw to happen. And it does happen. I would think 10 to 15 pips is safe. Ahgang SL is strictly at 0 and in real life trade you normally want to give allowance no matter how good you think of your set up. That is just my style and thus this is how I test it.
  • #1,313
  • Edited 8:43am Nov 18, 2018 8:07am | Edited 8:43am
Quoting josephkee
{quote} Thanks Vince
So, this is what I have if I will trade USDJPY starting 6 months from now (May 18)

https://www.tradingview.com/x/TZJukxw3/

(This was plotted on 4h chart of course, but I have to shrink to 6months time for the whole chart to be visible. So, don't mind the 120 Minutes TF)

Please take note also that I take a counter-trend trade on some of the trades when there's an engulfing candle. I also base my trades on PA. So, definitely, I am not using the exact rules here but I added some of my own because that will enable me to take more possible trades.

**have to edit, missed a few weeks in the middle**
Attached Image (click to enlarge)
Click to Enlarge Name: UJ BackTest.png Size: 207 KB
We're not here to be right, we're here to Profit Consistently!
  • #1,314
  • Nov 18, 2018 8:12am Nov 18, 2018 8:12am
Quoting josephkee
{quote} Thanks Trinquete. Just need people to help up to validate. I may be wrong in the counting and then we are back to square one. I think Vince offered to help too. Its difficult to eyeball as you get tired and may see double. Haha
Count with me
  • #1,315
  • Nov 18, 2018 8:14am Nov 18, 2018 8:14am
Quoting ranilo.vince
{quote} So, this is what I have if I will trade USDJPY starting 6 months from now (May 18) https://www.tradingview.com/x/a6rowgY2/ (This was plotted on 4h chart of course, but I have to shrink to 6months time for the whole chart to be visible. So, don't mind the 120 Minutes TF) Please take note also that I take a counter-trend trade on some of the trades when there's an engulfing candle. I also base my trades on PA. So, definitely, I am not using the exact rules here but I added some of my own because that will enable me to take more...
Thanks Vince, 19 wins and 3 losses? That is even matter than my count. Does your win means tp at 200? Did you use EB confirmation bar before enter? Do you give allowance for SL? Vince, can you share your filter? It is now to Trinquete to give us tomorrow. Thanks everybody and good night.
  • #1,316
  • Nov 18, 2018 8:14am Nov 18, 2018 8:14am
Quoting josephkee
{quote} Trinquete I just noticed that too. The Fibo 0 and fibo 100 should be on the same engulfing candle. I do not see this happen in Ahgang chart. Also as I have mentioned earlier how I did the test, SL is never exactly at 0. If it is you are not giving allowance for wicksaw to happen. And it does happen. I would think 10 to 15 pips is safe. Ahgang SL is strictly at 0 and in real life trade you normally want to give allowance no matter how good you think of your set up. That is just my style and thus this is how I test it.
So, very of that loosings trades must become a winners.
  • #1,317
  • Nov 18, 2018 8:50am Nov 18, 2018 8:50am
Quoting josephkee
{quote} Thanks Vince, 19 wins and 3 losses? That is even matter than my count. Does your win means tp at 200? Did you use EB confirmation bar before enter? Do you give allowance for SL? Vince, can you share your filter? It is now to Trinquete to give us tomorrow. Thanks everybody and good night.
Actually, I edited the post. Missed sometimes in the middle.

The final result:
Duration: May 18 to Nov 18
TOTAL TRADES: 38
WIN:30
BREAKEVEN: 2
LOSE: 6

https://www.tradingview.com/x/TZJukxw3/

I give allowance on SL. I only counted Win those who reached 200%.
Noticed I also have breakeven, so those are the trades that only reached 150%.
Yes, I always use EB confirmation bar, remember I mentioned, I am using Price Action which means I always need confirmation...
That is why I have counter trend trades also.
Meaning even if the price is ABOVE 30EMA, if there's a sign that it will reverse, I take a short trade. And vice versa.

What Filter do you mean that you want me to share?
We're not here to be right, we're here to Profit Consistently!
  • #1,318
  • Nov 18, 2018 9:09am Nov 18, 2018 9:09am
Quoting josephkee
{quote} Thanks Trinquete. Just need people to help up to validate. I may be wrong in the counting and then we are back to square one. I think Vince offered to help too. Its difficult to eyeball as you get tired and may see double. Haha
By the instructions of josephkee, I saw just 1 loosing trade, and a few that you don't take because the next candle don't close above or below the engulfing candle
  • #1,319
  • Nov 18, 2018 10:49am Nov 18, 2018 10:49am
hi Josephkee,

Is it worth describing the trades in terms of pips made in the 6 month test period?
Because win/lose is meaningless unless understood in terms of potential money that can be made or lost and the risk to reward on each trade.
  • #1,320
  • Nov 18, 2018 11:07am Nov 18, 2018 11:07am
Quoting josephkee
{quote} Thanks Vince, 19 wins and 3 losses? That is even matter than my count. Does your win means tp at 200? Did you use EB confirmation bar before enter? Do you give allowance for SL? Vince, can you share your filter? It is now to Trinquete to give us tomorrow. Thanks everybody and good night.
I saw in the charts that if you put fibo at 250 it will Work fine too, and increase R:R. But I have to do in my laptop, not in my Cel
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