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Simple H4 Mobile Trading System

  • #2,021
  • Jan 18, 2019 1:44am Jan 18, 2019 1:44am
Hello traders

See the attached results i get from my charts for January 2019.
Although i don't take every trade in my real trading, and i certainly don't risk 4% per trade, i love doing these tests to see what's possible.
The number in the far right bottom cell is certainly a great motivator.

  1. i take every signal in these tests, except the candle that closes African time midnight and 4am.
  2. my server time is GMT+2
  3. i consider an outside bar a signal: high and low exceeds previous bar, no matter body colour of prior bar.
  4. for this test i did not apply split positions, one position of 4% only, if it doesn't reach fib200 it's a loser.

124% is not a bad number to start the year with. If only i could achieve this in real trading.

Attached Image (click to enlarge)
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  • #2,022
  • Jan 18, 2019 1:54am Jan 18, 2019 1:54am
Quoting helbor
Good trades yesterday. Wish i risked more {image}
Good days are always coming... But remember not to risk more than what you can afford because we cannot avoid those bad days as well..
We're not here to be right, we're here to Profit Consistently!
  • #2,023
  • Jan 18, 2019 2:53am Jan 18, 2019 2:53am
Quoting ranilo.vince
{quote} Good days are always coming... But remember not to risk more than what you can afford because we cannot avoid those bad days as well..
Good advice! Indeed yes.
Think i'll increase lot size in small increments instead of doing anything drastic.
All the backtesting has given me confidence in this system.
  • #2,024
  • Jan 18, 2019 3:40am Jan 18, 2019 3:40am
Different time zones = different candle formations. Some traders will have engulfing (trading signals), other won't. It's not rocket science.
  • #2,025
  • Jan 18, 2019 3:47am Jan 18, 2019 3:47am
Quoting BataviaTrade
Different time zones = different candle formations. Some traders will have engulfing (trading signals), other won't. It's not rocket science.
That's what I explained just above.
Personally I still work on the London and sometimes NY times zones , for obvious reasons.
  • #2,026
  • Jan 18, 2019 7:26am Jan 18, 2019 7:26am
Guys with candle issues with different broker times - just use tradingview.com to see the 4 hour candles and then execute off your own platform.
  • #2,027
  • Jan 18, 2019 7:50am Jan 18, 2019 7:50am
Quoting helbor
124% is not a bad number to start the year with. If only i could achieve this in real trading.
Or, you increase the volume and set 1.5 Fibo as TP. And after a while, confront with that nasty dilemma: should it be a Porsche or a Ferrari )
  • #2,028
  • Jan 18, 2019 8:25am Jan 18, 2019 8:25am
Quoting Ivanyo
Guys with candle issues with different broker times - just use tradingview.com to see the 4 hour candles and then execute off your own platform.
On tradingview you can set different time zones too, same functionality as you broker platform offers. So using tradingview won't make a difference I guess.
  • #2,029
  • Jan 18, 2019 9:38am Jan 18, 2019 9:38am
Hi Guys, EURUSD gave a valid signal on the DAILY.
Now i know the System Rules are more aligned and focused to the H4. But as once mentioned, another confirmation can be looked at on the daily.
Tuesdays candle gave an engulfing pattern that seems to be playing our at the moment.

Trade safe
4&1 All Time Profit: $37,496
  • #2,030
  • Jan 18, 2019 9:39am Jan 18, 2019 9:39am
Quoting mitroiano
{quote} Or, you increase the volume and set 1.5 Fibo as TP. And after a while, confront with that nasty dilemma: should it be a Porsche or a Ferrari )
Hello mitroiano

Is it wise? TP at 150? It will make our losers larger than our winners.
This system is not flawless, it does generate a fair amount of losers.
We don't want them greater than our winners in value.

Please tell me, is this how you trade? And your profits are good?
Porsche or Ferrari?
  • #2,031
  • Jan 18, 2019 9:53am Jan 18, 2019 9:53am
Quoting helbor
{quote} Is it wise? TP at 150? It will make our losers larger than our winners.
Based on your tests and observations, 150 Fibo is being hit most of the times. The RR is theoretically 1:0.5 but since you open the trade at the end of the candle and not the end of the bar, the RR is better (the wick ads to your profit and takes from the risk). I have a feeling that by adapting the method this way one would increase his earnings.

I am more of a swinger, but I also used this method (the original one, TP at 200) in a couple of occasions with good results.
  • #2,032
  • Jan 18, 2019 10:12am Jan 18, 2019 10:12am
Eurcad
This candle is almost 100 pips
I did not open.
Still downtrend H4, D1
Attached Image (click to enlarge)
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  • #2,033
  • Jan 18, 2019 10:20am Jan 18, 2019 10:20am
Very good week!

Aud Cad -> Be
Usd Chf -> Tp
Attached Image (click to enlarge)
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  • #2,034
  • Jan 18, 2019 11:50am Jan 18, 2019 11:50am
I am starting fresh results tracking as of Jan 11 2019

I screwed up a few position sizes and want to have a clearer view of profits/loss.

I am trading daily charts only. If you want to see my rules and parameters for trades look in beginning of thread or the journal thread.

Chris

Attached Image (click to enlarge)
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  • #2,035
  • Jan 18, 2019 12:39pm Jan 18, 2019 12:39pm
Quoting cfudge
I am starting fresh results tracking as of Jan 11 2019 I screwed up a few position sizes and want to have a clearer view of profits/loss. I am trading daily charts only. If you want to see my rules and parameters for trades look in beginning of thread or the journal thread. Chris {image} {image}
Really good result and bit of floating loss right?
  • #2,036
  • Jan 18, 2019 3:02pm Jan 18, 2019 3:02pm
Quoting BataviaTrade
{quote} On tradingview you can set different time zones too, same functionality as you broker platform offers. So using tradingview won't make a difference I guess.
Setting different time zones just changes the timestamps on your chart, the candles don't change.
  • #2,037
  • Jan 18, 2019 5:36pm Jan 18, 2019 5:36pm
18 years (2000-2018) automated backtest. Following the rules.

AUDUSD
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EURUSD
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GBPUSD
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USDCAD
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USDJPY
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Eeh?
EA - Osoi Kame V7 All Time Profit: $2,340
  • #2,038
  • Jan 18, 2019 7:19pm Jan 18, 2019 7:19pm
Quoting Ivanyo
Guys with candle issues with different broker times - just use tradingview.com to see the 4 hour candles and then execute off your own platform.
I didn’t think of that. That’s a good suggestion.
  • #2,039
  • Edited Jan 19, 2019 5:03pm Jan 18, 2019 7:23pm | Edited Jan 19, 2019 5:03pm
Quoting vianiah
18 years (2000-2018) automated backtest. Following the rules. AUDUSD {image} EURUSD {image} GBPUSD {image} USDCAD {image} USDJPY {image}
Though all long-run gains are good, there are pairs with a prolonged downturn or big losses.
  • #2,040
  • Jan 19, 2019 5:01am Jan 19, 2019 5:01am
Quoting jomni
{quote} I didn’t think of that. That’s a good suggestion.
That's always the best way to do things anyway. Have all your charts on whatever computers you have and then keep your live broker completely on is own on the fastest machine you can manage. That way, your trade execution speed isn't slowed down by the amount of charts/indicators/templates you have open and running in the background. All the trade management machine is doing is placing and managing the trades.
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