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Simple H4 Mobile Trading System

  • #1,921
  • Jan 8, 2019 9:37am Jan 8, 2019 9:37am
Quoting Cirakacima
Dear forum users welcome! Another idea occurred to me, to trade also only an internal sconce (example on the screenshot) {image}
Can you send your indicator for chart buttons?
  • #1,922
  • Jan 8, 2019 9:39am Jan 8, 2019 9:39am
Quoting MarkStep
{quote} Can you send your indicator for chart buttons?
Yes, of course, it laid out one of the members of the forum.
Attached File(s)
File Type: rar HZS_.rar   33 KB | 485 downloads
  • #1,923
  • Jan 8, 2019 10:46am Jan 8, 2019 10:46am
Quoting Filip39
{quote} Hi Helbor, please when backtesting, do you take bullish engulfing only if the previous candle is bearish and vice versa or you just watch if the high is higher and low is lower by bullish and vice versa by bearish? I haven't found clear answer here in the thread. Thank you.
Hello Filip 39

When backtesting, i trade like a robot.

I don't care about body colour of previous candle. I trade it when it meets the following criteria (all candles except African Time midnight and 4am).

1. High and low exceeds previous candle, not matter the what the body colour of previous candle.
2. When engulfer (or outside bar as some prefer to call it) closes above EMA, I pretend to go long.
3. When engulfer closes below EMA, go pretend to go short.
4. Positions are split and and managed as previously explained.

When you backtest for yourself, you'll see, many are losers, even when they appear to be perfect setups.
But more are winners.
That's all that matters.
  • #1,924
  • Jan 8, 2019 4:54pm Jan 8, 2019 4:54pm
Quoting helbor
{quote} Hello Filip 39 When backtesting, i trade like a robot. I don't care about body colour of previous candle. I trade it when it meets the following criteria (all candles except African Time midnight and 4am). 1. High and low exceeds previous candle, not matter the what the body colour of previous candle. 2. When engulfer (or outside bar as some prefer to call it) closes above EMA, I pretend to go long. 3. When engulfer closes below EMA, go pretend to go short. 4. Positions are split and and managed as previously explained. When you backtest...
Great summary - thanks for sharing!
  • #1,925
  • Jan 8, 2019 8:59pm Jan 8, 2019 8:59pm
Another TP

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  • #1,926
  • Jan 9, 2019 1:30am Jan 9, 2019 1:30am
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  • #1,927
  • Jan 9, 2019 2:30am Jan 9, 2019 2:30am
Quoting helbor
Happy New Year to all I did a backtest on the month of Dec 2018 using the original Hzs10 strategy but with trading principles inspired by CFudge and RanilloVince. Results (in spite of one negative week) were great: 60% gain, risking 4% per trade. I would like to share: 1. Risk 4% (for purposes of illustration.) 2. Open 2 x positions (2% per position but it can be scaled to your needs) 3. Position 1 TP at fib150 (this banks 1% of capital on nearly every trade). 4. Now move SL for position 2 to Fib100 plus few pips to have risk-free trade. 4. Posiiton...
very nice effort
can u tell us that have u moved stoploss in some trades to BE in backtesting or these results are only without moving stoploss ??
  • #1,928
  • Edited 4:17am Jan 9, 2019 2:44am | Edited 4:17am
Quoting helbor
3. Position 1 TP at fib150 (this banks 1% of capital on nearly every trade). {image}
So you noticed that? In this case, wouldn't this be a winning technique on the long term, to close at 150 fib instead of 200? The RR is not 1:0.5 as it would be obvious, because you open at the close of the candle, not of the period's low/high, so the remaining wick is part of your profit and less of your risk. The RR would be let's say 0.8:0.7, and if the percentage of wins is more than 75-80%, it's tremendous. You can compensate by increasing the volume a little.

I am not sure I understood the data in your test exactly, but from what you say, wouldn't my opinion be valid?
  • #1,929
  • Jan 9, 2019 4:08am Jan 9, 2019 4:08am
chfjpy buy
eurchf sell
eurgbp sell
gbpjpy buy
gbpusd buy
gbpchf sell
took all these positions just now according to the strategy
i am planning not to move any stoploss to breakeven let the price move to SL or TP bcoz RR is good with all trades
  • #1,930
  • Jan 9, 2019 5:07am Jan 9, 2019 5:07am
Another on TP
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  • #1,931
  • Jan 9, 2019 5:35am Jan 9, 2019 5:35am
With all the respect, please don't share each TP or SL, there are many possible transactions and we overwhelm the thread if we all post one trade or another.

Let's better discuss of how we can refine or improve the technique, and also instead of a single transaction, maybe we can post statistics of 10 or more, they help a lot more.

Would that be ok with you?
  • #1,932
  • Jan 9, 2019 6:40am Jan 9, 2019 6:40am
Quoting hzs10
{image}{image}{image}{image}{image}
Did you trade in all those pairs?
pipete
  • #1,933
  • Jan 9, 2019 7:05am Jan 9, 2019 7:05am
Quoting mitroiano
With all the respect, please don't share each TP or SL, there are many possible transactions and we overwhelm the thread if we all post one trade or another. Let's better discuss of how we can refine or improve the technique, and also instead of a single transaction, maybe we can post statistics of 10 or more, they help a lot more. Would that be ok with you?
There is nothing to refine, technique works as is
  • #1,934
  • Jan 9, 2019 8:00am Jan 9, 2019 8:00am
So, my 2 positions on GBPNZD paid off nicely with additional 185pips!
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  • #1,935
  • Jan 9, 2019 8:29am Jan 9, 2019 8:29am
Quoting timidave
So, my 2 positions on GBPNZD paid off nicely with additional 185pips! {image} {image}
Great job Tim!

You're still nailing it!
We're not here to be right, we're here to Profit Consistently!
  • #1,936
  • Jan 9, 2019 8:43am Jan 9, 2019 8:43am
Quoting syedtaimur
{quote} very nice effort can u tell us that have u moved stoploss in some trades to BE in backtesting or these results are only without moving stoploss ??
Hello Syedtaimur

Yes. I move the SL of the 2nd position to BE (Fib100), only once position #1 reaches its TP level of fib150.

Like this:

1. Open 2 x positions, each risking 2%
2. When position #1 reaches Fib150, it closes, and banks 1% of capital.
3. Now position #2 is risk-free, and you can ride the trend, or TP at fib200, this banks a further 2%.
4. For the backtest i made all my 2nd positions TP at fib200.

Trading like this real-time would be a very different story however.
If we take every 4hr signal across 28 pairs, it may mean we sometimes have 8 - 12 trades open.
Risking 4% capital on each trade may result in drawdowns beyond what we're comfortable with.
I wonder how to further filter the entries as 50-something trades per week is just too many.
I don't like to have more than 4 x trades open, and i risk only 1% of my capital, 0.5% per position.

I do these backtests to calm my nerves. See attached the results for November 2018, not a great month.

It didn't so much calm my nerves. Week 1 was fantastic but the other three weeks nearly wiped out all the profits from week 1.
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  • #1,937
  • Jan 9, 2019 9:08am Jan 9, 2019 9:08am
Quoting mitroiano
{quote} So you noticed that? In this case, wouldn't this be a winning technique on the long term, to close at 150 fib instead of 200? The RR is not 1:0.5 as it would be obvious, because you open at the close of the candle, not of the period's low/high, so the remaining wick is part of your profit and less of your risk. The RR would be let's say 0.8:0.7, and if the percentage of wins is more than 75-80%, it's tremendous. You can compensate by increasing the volume a little. I am not sure I understood the data in your test exactly, but from what you...
Hello mitroiano

Your point is valid, another trader called Cfudge had a similar observation when backtesting on the daily charts. (You will find his data when you read the thread from the beginning.)

The idea with split positions is to use the 2nd, risk-free position and ride the trend as long as possible to maximise profits.

See below screenshot of how i backtest. The example is for week 1 of November 2018 on AUDCAD.

1. Entry is at open of next candle following the engulfer, this is Fib100. (I draw my fib on the engulfer)
2. SL is at fib0 plus spread.
3. When position #1 reaches fib150, it closes. It earns one tick (or one %).
4. Now i move SL for position #2 to BE (entry point or Fib100)
5. Often, price doesn't reach fib200 but we don't lose the whole trade, because we banked that one %. (Like the 2nd trade in my screenshot)
6. When price reaches Fib200 without retracing to our entry point, we bank a further two ticks (or 2%, like the 1st trade in my screenshot)
7. The idea is (if you're patient) to ride the trend with position #2, moving your SL to the next fib level, i did not. I only tested to fib200.
8. In my columns, i capture each tick as one % (for ease of illustration) but we can scale our position sizes according to our needs.
9. I don't risk 4% per trade, i only risk 1%, split into two position of 0.5%. So to get a realistic projection of what is possible, i divide the backtest total by 4.

I hope this makes things clearer.
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  • #1,938
  • Jan 10, 2019 9:56pm Jan 10, 2019 9:56pm
Quoting ranilo.vince
{quote} Great job Tim! You're still nailing it!
Thanks Ranilo, i hope same applies to you too!
  • #1,939
  • Jan 10, 2019 11:51pm Jan 10, 2019 11:51pm
Just some results since starting this method - rules are simple;

Long if engulfing above 30 EMA, short if engulfing below 30 EMA

Move SL to 100 (break even) when price action has moved to 150 fib level.

Hold until TP or SL.

Check candles every 4 hours.

Results might be even better if I risked same amount on each trade but right now I am testing with fixed lot size like OP
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  • #1,940
  • Jan 11, 2019 12:04am Jan 11, 2019 12:04am
EURAUD
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