Hanging out the daily on the close line | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The hanging man and inverted hammer trading strategy 42 replies

Need help to stop this indicator from hanging 2 replies

Help to edit day open line to week open line ! 11 replies

got to do with a hanging man and a pinbar 1 reply

hwo to get rid of teh Buy line and Sell line 2 replies

Attachments: Hanging out the daily on the close line
Exit Attachments

Hanging out the daily on the close line

  • #41
  • Jan 31, 2019 4:01pm Jan 31, 2019 4:01pm
Here are todays trades...looks super good.

USDCAD, CADCHF, CADJPY all are entries except the high/low band is facing inward so no trade.

Chris

Attached Image (click to enlarge)
Click to Enlarge Name: trades.jpg Size: 22 KB
  • #42
  • Jan 31, 2019 9:00pm Jan 31, 2019 9:00pm
This is an EA
Attached to only one chart, such as EURUSD, the time frame is greater than 4H. At the same time, 28 pairs of currencies can be traded, and they can be set up by themselves.
Order Rule: When the closing price of the last candle is less than 5 PIPS from the lowest price, make a long order.
When the closing price of the last candle is less than 5 PIPS, make a short order.
Exit mode: After the opening of the new candle, close all orders, regardless of profit or loss.

Fixed stop 50 pips, and a special basket tracking stop is used.
Attached File(s)
File Type: ex4 One Candle Trading.ex4   34 KB | 384 downloads
  • #43
  • Jan 31, 2019 11:11pm Jan 31, 2019 11:11pm
Quoting yczzd
This is an EA Attached to only one chart, such as EURUSD, the time frame is greater than 4H. At the same time, 28 pairs of currencies can be traded, and they can be set up by themselves. Order Rule: When the closing price of the last candle is less than 5 PIPS from the lowest price, make a long order. When the closing price of the last candle is less than 5 PIPS, make a short order. Exit mode: After the opening of the new candle, close all orders, regardless of profit or loss. Fixed stop 50 pips, and a special basket tracking stop is used. {file}...
Thank you yczzd for the EA

I can not use an EA with my schedule...I close my computer down during work.

I would suggest making the open and close time flexible and the SL flexible.

Did you address the slope of the outer bands to filter trades like Go5 did?

Can you explain the basket tracking stop a little more.

Thanks again for your work here.

Chris
  • #44
  • Feb 1, 2019 12:42am Feb 1, 2019 12:42am
Quoting cfudge
{quote} Thank you yczzd for the EA I can not use an EA with my schedule...I close my computer down during work. I would suggest making the open and close time flexible and the SL flexible. Did you address the slope of the outer bands to filter trades like Go5 did? Can you explain the basket tracking stop a little more. Thanks again for your work here. Chris

Consider adding start and end time settings in the next version.
Stop loss can be set according to your needs and can be adjusted by FixSLPips.
Slope filtering is not used.
When multiple positions are opened, the total profit reaches a certain level and stops are tracked, which can be adjusted by FixSLPips. The calculation formula is as follows:
TrailValue = Accprofit/(4-MathPow (TrailFlag, 1.0/3.0))
EA parameter settings:
Extern ENUM_TIMEFRAMES TF = PERIOD_H4;
Extern double BasicLot = 0.02;
Extern double FixSLPips = 50;
Extern double DeltaPips = 5;
  • #45
  • Edited Feb 3, 2019 12:23am Feb 2, 2019 11:31pm | Edited Feb 3, 2019 12:23am
OK so I have spent friday and saturday on the laptop, running strategy tester and manually seeing how many pips were won or lost on all set-ups on all 29 pairs.

I was very strict on the 5 pip from close to high/low. Also the rule of no trade if outer bands are pointing inwards. I tested every pair from October 1st 2018 until now.

I wasn't convinced, from my live testing so far, that every pair could just be traded blindly and expect to win in the long run. I was surprised at the results, mostly that

Gold gave the biggest loss. Also that the currencies were across the board, so, not all GBP or JPY pairs were good and things like that.

What follows is a list of all pairs with a positive result (again in pips)...

Chris

NZDJPY 89 PIPS
EURUSD 135 PIPS
USDJPY 104 PIPS
AUDUSD 380 PIPS
EURAUD 475 PIPS
GBPCHF 239 PIPS
GBPUSD 317 PIPS
CADCHF 135 PIPS
GBPCAD 178 PIPS
GBPAUD 249 PIPS
NZDUSD 120 PIPS
EURCAD 272 PIPS
EURNZD 55 PIPS
AUDCHF 114 PIPS
AUDCAD 79 PIPS
EURJPY 190 PIPS

Thats a total of 3131 pips.
  • #46
  • Feb 4, 2019 6:08am Feb 4, 2019 6:08am
Quoting yczzd
This is an EA Attached to only one chart, such as EURUSD, the time frame is greater than 4H. At the same time, 28 pairs of currencies can be traded, and they can be set up by themselves. Order Rule: When the closing price of the last candle is less than 5 PIPS from the lowest price, make a long order. When the closing price of the last candle is less than 5 PIPS, make a short order. Exit mode: After the opening of the new candle, close all orders, regardless of profit or loss. Fixed stop 50 pips, and a special basket tracking stop is used. {file}...
EA Update
Attached File(s)
File Type: mq4 One Candle Trading v10.mq4   24 KB | 373 downloads
  • #47
  • Feb 5, 2019 8:51am Feb 5, 2019 8:51am
Made 117 net pips yesterday with the latest EA. All of the trades closed before the daily candle closed. How is the TP configured in this version?
  • #48
  • Feb 5, 2019 9:05am Feb 5, 2019 9:05am
Quoting ChicagoRob
Made 117 net pips yesterday with the latest EA. All of the trades closed before the daily candle closed. How is the TP configured in this version?
Thank you for report.

TP has never been used. There are three ways of exit:
1. SL withdrawal;
2. Basket tracking stop exit;
3. Start a new candle, close all orders regardless of profit or loss.
  • #49
  • Feb 5, 2019 9:09am Feb 5, 2019 9:09am
Quoting ChicagoRob
Made 117 net pips yesterday with the latest EA. All of the trades closed before the daily candle closed. How is the TP configured in this version?
Hi Rob

Way to go, this wasn't on the daily was it? Or H4?
  • #50
  • Feb 5, 2019 9:17am Feb 5, 2019 9:17am
Quoting yczzd
{quote} Thank you for report. TP has never been used. There are three ways of exit: 1. SL withdrawal; 2. Basket tracking stop exit; 3. Start a new candle, close all orders regardless of profit or loss.
Thanks for the clarification. Looks like only one trade closed via SL. Apparently, the rest closed with Basket tracking stop exit.
  • #51
  • Feb 5, 2019 9:20am Feb 5, 2019 9:20am
Quoting cfudge
{quote} Hi Rob Way to go, this wasn't on the daily was it? Or H4?
Yes, always on the daily. I want to build up a decent size trade history, so I can find the most consistent pairs.
  • #52
  • Feb 5, 2019 5:43pm Feb 5, 2019 5:43pm
Quoting ChicagoRob
{quote} Yes, always on the daily. I want to build up a decent size trade history, so I can find the most consistent pairs.
Did you see my list a few posts back?
  • #53
  • Feb 6, 2019 6:33am Feb 6, 2019 6:33am
27 net pips yesterday. So far, so good. I'm tempted to run another demo on H4, since there would be a lot more setups.
  • #54
  • Feb 6, 2019 7:20am Feb 6, 2019 7:20am
Just fired up an H4 demo. Let's see how it does compared to D1.
  • #55
  • Edited Feb 7, 2019 1:13am Feb 6, 2019 7:53am | Edited Feb 7, 2019 1:13am
Quoting ChicagoRob
Just fired up an H4 demo. Let's see how it does compared to D1.

Fixed some errors about basket trading.
  • #56
  • Feb 6, 2019 8:04am Feb 6, 2019 8:04am
Quoting yczzd
{quote} Fixed some errors about basket trading. {file}
What were the errors?
  • #57
  • Feb 6, 2019 8:41am Feb 6, 2019 8:41am
Quoting ChicagoRob
{quote} What were the errors?
Basket tracking stops are enabled only when there are multiple orders at the same time.
  • #58
  • Feb 6, 2019 5:57pm Feb 6, 2019 5:57pm
Several trades today

Chris
Attached Image (click to enlarge)
Click to Enlarge Name: t.jpg Size: 31 KB
  • #59
  • Feb 7, 2019 1:23am Feb 7, 2019 1:23am
EA Update(last version delete)

Everybody, Please update it in time and do not use the previous version.

Please update it in time and do not use the previous version.
The new version (v11) fixes a BUG, which may place two orders at the same time.
In addition, a filter condition is added. When placing an order, the body of the first candle must have a certain height.
Attached File(s)
File Type: ex4 One Candle Trading v11.ex4   35 KB | 391 downloads
  • #60
  • Feb 9, 2019 2:31am Feb 9, 2019 2:31am
Quoting ChicagoRob
{quote} What were the errors?

Hi,Rob
How was your result last week?
0 traders viewing now