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Attachments: [FX/Binary/Nadex] Single Candle S'n'D Technique w/ Low DD's
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[FX/Binary/Nadex] Single Candle S'n'D Technique w/ Low DD's

  • #161
  • Quote
  • Mar 3, 2019 3:47pm Mar 3, 2019 3:47pm
Ladies and gentlemen I present to FXCyborg the forex Nobel Peace prize. Lol... Excellent addition once again.
  • #162
  • Quote
  • Mar 3, 2019 3:49pm Mar 3, 2019 3:49pm
Here is another Buy on Gold (XAUUSD) H1 from Jan 9/2019. FX Cyborgs rules state that it would be preferable if bar 3 closes above bar 2 high, and not just above the close of bar 2, but in this case we are within 0.2 pips short of the high but still within the rules of engagement.
Attached Image (click to enlarge)
Click to Enlarge Name: FX Cyborg XAUUSD H1 Buy.png Size: 53 KB
  • #163
  • Quote
  • Mar 3, 2019 4:10pm Mar 3, 2019 4:10pm
Quoting FXCyborg
{quote} heehe, I wont trade with bucket shop brokers, now days most brokers go through banks, rather than some middle man. So we're not screwing over the broker here, we're minimizing the potential gains these other guys are trying to make. Brokers make their money via spreads and commissions now. 90 minutes or so to go and my trading withdrawal symptoms will be over GL this week
If you reside in USA, could you please share which onshore or offshore broker you are using. I read your response to a post on low spread for GBPNZD and I have never come across any broker offering under 1pip spread on GBP crosses.
Staying in my lane...
  • #164
  • Quote
  • Mar 3, 2019 4:15pm Mar 3, 2019 4:15pm
Quoting FXCyborg
{quote} heehe, I wont trade with bucket shop brokers, now days most brokers go through banks, rather than some middle man. So we're not screwing over the broker here, we're minimizing the potential gains these other guys are trying to make. Brokers make their money via spreads and commissions now. 90 minutes or so to go and my trading withdrawal symptoms will be over GL this week
Dear FXCyborg (https://www.forexfactory.com/fxcyborg),

first of all, thanks for your kind attitude and sharing your method,
I'm not professional coder but I wrote the EA for this method as attached files.
so please if you can check and modify EA to improve it.(other guys also can do it)
sorry for bad English speaking.
Thanks Bro
Attached File(s)
File Type: ex4 Single Candle S'n'D EA v1.0.ex4   39 KB | 375 downloads
File Type: mq4 Single Candle S'n'D EA v1.0.mq4   55 KB | 472 downloads
  • #165
  • Quote
  • Mar 3, 2019 4:23pm Mar 3, 2019 4:23pm
Good afternoon Mr. fxCyborg. I appreciate your effort to share the best methods with all the participants in this forum. I would like your point of view for this configuration in this cool pair.
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-03-03 EUR-USD D1.png Size: 40 KB
  • #166
  • Quote
  • Mar 3, 2019 4:24pm Mar 3, 2019 4:24pm
Quoting FXCyborg
{quote} As I expected With due respect of course. The ones on the far right, that you marked win here I placed a S and R on them, one needs to calculate the pip length and see where it would land to see if price would be viable to reach that far. Now, this getting more technical than I had hoped. lol You missed some of the rules in here, you counted doji's in your setups.. thats a no no. Experience tells us also, if you were to go for those, we dont sell into support or buy into resistance unless there is evidence that says is ok to do so....

Thank you! I really do appreciate your graceful responses. I will continue to look over these filtering rules and see if I can find some entries that you would consider valid as well. I will be posting another screenshot at some point.
  • #167
  • Quote
  • Mar 3, 2019 4:30pm Mar 3, 2019 4:30pm
Here is a nice and clear example on USDCAD 5 min

Chris

Attached Image (click to enlarge)
Click to Enlarge Name: test.jpg Size: 87 KB
  • #168
  • Quote
  • Mar 3, 2019 4:33pm Mar 3, 2019 4:33pm
Quoting cesar8
Good afternoon Mr. fxCyborg. I appreciate your effort to share the best methods with all the participants in this forum. I would like your point of view for this configuration in this cool pair. {image}
Hi cesar, it is not a valid setup, mate. Close of Bar 2 must exceed High/Low of Bar 1, this clearly did not happen. LP
  • #169
  • Quote
  • Mar 3, 2019 4:36pm Mar 3, 2019 4:36pm
Mr. FxCyborg. Please your point of view with this new cool configuration.
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-03-03 usd-jpy D1.png Size: 19 KB
  • #170
  • Quote
  • Mar 3, 2019 4:38pm Mar 3, 2019 4:38pm
Quoting cesar8
Mr. FxCyborg. Please your point of view with this new cool configuration. {image}
Invalid setup again, mate. Study post 1 thoroughly. LP
  • #171
  • Quote
  • Mar 3, 2019 4:44pm Mar 3, 2019 4:44pm
Quoting cesar8
Mr. FxCyborg. Please your point of view with this new cool configuration. {image}
3 has to touch open of 2
look at my post above yours

Chris
  • #172
  • Quote
  • Mar 3, 2019 5:01pm Mar 3, 2019 5:01pm
Quoting FxCyborg
This method does not need the direction of the trend to make our decision, it works regardless of the Trend direction
@FxCyborg -- very interesting thread -- thank you.

I've always focused on trends and, so, your strategy piqued my interest. I wrote a simple indicator and EA that implements your basic candle rules. From minimal testing using MT4's Strategy Tester the EA is profitable over many pairs and time frames -- not all, but most. In my hands, the win ratio was around 60%.

I don't pay attention to Supply / Demand or Support / Resistance -- it gets too complicated for me. However, I did include a couple of simple tweaks (since they were easy to implement in code):
1. Check that the StopLoss (and TakeProfit) are at least 3x greater than the current spread.
2. Compute the average candle body over the most recent 50 bars and check that the bodies of Bar1, Bar2, Bar3 are greater than 0.3 the average body.

I think a win ratio of 60% for such a simple EA is very good. It will never reach the 70% or 80% win ratio that a discretionary trader might achieve but, then again, I don't have to sit in front of the screen for hours on end.

Again -- thank you for sharing your knowledge and experience.
  • #173
  • Quote
  • Mar 3, 2019 5:26pm Mar 3, 2019 5:26pm
Quoting robots4me
{quote} @FxCyborg -- very interesting thread -- thank you. I've always focused on trends and, so, your strategy piqued my interest. I wrote a simple indicator and EA that implements your basic candle rules. From minimal testing using MT4's Strategy Tester the EA is profitable over many pairs and time frames -- not all, but most. In my hands, the win ratio was around 60%. I don't pay attention to Supply / Demand or Support / Resistance -- it gets too complicated for me. However, I did include a couple of simple tweaks (since they were easy to implement...
Would you like to share your EA?
  • #174
  • Quote
  • Mar 3, 2019 6:40pm Mar 3, 2019 6:40pm
Quoting VEEFX
{quote} If you reside in USA, could you please share which onshore or offshore broker you are using. I read your response to a post on low spread for GBPNZD and I have never come across any broker offering under 1pip spread on GBP crosses.
I'm sorry no can do, i'm not here to promote those people. or anyone. I'm here just to show you how I do my trading. and that's it.

I'm sorry.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #175
  • Quote
  • Mar 3, 2019 6:54pm Mar 3, 2019 6:54pm
Quoting fxLoveLots
{quote} Wow, I'm gawking how you broke down the chart. I think my weakness is my technical analysis (retail garbage). Doesn't even come close to yours. I've tried googling some of the concepts you use, and not much comes up. The ones that are like RBR (Don't come close to the way you use them). Which makes sense -- "None of this Retail crap". So I'm trying to learn from understanding your charts Slowly but steady I look forward to more posts with TA. Thanks so much.
fxlovelots,

You're asking all the right questions, even better you're doing it and presenting charts for positive critique.

See below for some clarification on areas of interest;

Attached Image (click to enlarge)
Click to Enlarge Name: Areas of interest.PNG Size: 83 KB


All the best

D...
  • #176
  • Quote
  • Mar 3, 2019 7:09pm Mar 3, 2019 7:09pm
Quoting FXCyborg
{quote} I'm sorry no can do, i'm not here to promote those people. or anyone. I'm here just to show you how I do my trading. and that's it. I'm sorry.
I think such small RR and pip sized strategies is highly dependent on broker spreads. I understand the reasons why... but it is necessary for your readers to understand the spreads you are getting in order to make a judgement call on their own... as many are getting into automation and winrate won't be near what you get with your trading... Perhaps, what pairs you trade and a screenshot of spreads at London open or whenever should suffice the need.
Staying in my lane...
  • #177
  • Quote
  • Mar 3, 2019 7:21pm Mar 3, 2019 7:21pm
  •  swd
  • Joined Apr 2018 | Status: Trading goal is to make money | 839 Posts
Quoting VEEFX
{quote} If you reside in USA, could you please share which onshore or offshore broker you are using. I read your response to a post on low spread for GBPNZD and I have never come across any broker offering under 1pip spread on GBP crosses.
Only one way and that is spread reduction due to affiliate program rebate. Not that it matters to me.

Regards,
Paul
  • #178
  • Quote
  • Mar 3, 2019 7:29pm Mar 3, 2019 7:29pm
Quoting FXCyborg
{quote} It was dubbed as the "Head Fakey" by Tom Strignano, who was the Head of Chicago Trading in some department somewhere, devised a way to predict price moves as it happens. He used a Trendline for triggers - mine doesn't. He uses Fibonacci's and works with his calculator a LOT to predict TP levels - I don't. His was ok, but it wasn't consistent - he tried to automated it, sold many copies, but it flopped with most E.A's - from there his life went down hill, got a divorce and quit trading. My method is more refined and delivers based...
Sad to hear that about Tom, he seemed genuine (unlike a lot of sharks back then). After failing to trade with many robots/EA's since 2008 , I read his book "Forex Confidante" in 2011 which inspired me to dig deeper into the workings of the Markets (he was an ex trader after-all). I had limited success with his Fakeout strategy (different to this one here). Do you know how he calculated his TRN's (I think he used EW and fib's but nothing obvious). He also had a sidekick called Carlos, who was very good at analyzing markets. I think Carlos is running his own successful business now analyzing markets for clients. Brings back memories of struggle and time and money wasted, but alas lessons learned .
  • #179
  • Quote
  • Mar 3, 2019 7:52pm Mar 3, 2019 7:52pm
Quoting Boo15
{quote} {image}
Just mentioning that in the 2nd red box, the setup is not valid - 2nd bar did not close below 1st bar's low.
  • #180
  • Quote
  • Mar 3, 2019 7:52pm Mar 3, 2019 7:52pm
Quoting swd
{quote} Only one way and that is spread reduction due to affiliate program rebate. Not that it matters to me. Regards, Paul
That is not the only way dude.... but no need to discuss further as I don't trade SpotFX anymore. I have yet to see a minimum of 3 yrs of continuous performance stats from a single regulated broker and single trading account to convince me to come back to FX.
Staying in my lane...
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