Consecutive Candles Williams %R and Volume with 55EMA Baseline | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

M candles / Custom candles for second charts 1 reply

Consecutive Candles - trading system idea 28 replies

Consecutive candles indi combined with volume & spread indi 13 replies

Calculating only buy candles vs sell candles 2 replies

Code To Check If There Are Consecutive Sell or Buy Candles 1 reply

Attachments: Consecutive Candles Williams %R and Volume with 55EMA Baseline
Exit Attachments

Consecutive Candles Williams %R and Volume with 55EMA Baseline

  • #61
  • May 9, 2019 2:27pm May 9, 2019 2:27pm
Quoting salimc
{quote} I blew many accounts for not using SL. At this phase, I am checking any system with SL. Because a system is successful only when it is with SL or that is not a system but gambling. Because young people who will be following me the next day will also not use any SL, the 3rd he will trade it in a live account and lose their money (as they have less patience at this stage, Once I was also like them). So whatever we do should be in a professional manner.
Salim,

Yes. I agree with everything you say. My intention of my post was something else.

Thanks
  • #62
  • May 9, 2019 6:25pm May 9, 2019 6:25pm
Just a quick update, I have taken on copper 15min chart.

Here are 3 trades that closed today from past few days, if I had used SLs I would have same amount of pips banked.

Chris

Attached Image (click to enlarge)
Click to Enlarge Name: copper.jpg Size: 149 KB
  • #63
  • May 10, 2019 6:09pm May 10, 2019 6:09pm
Anybody get into these nice 5 min trades today?
4hrs...48 pips

Chris

Attached Image (click to enlarge)
Click to Enlarge Name: 5mintrades.jpg Size: 124 KB
  • #64
  • May 11, 2019 4:48am May 11, 2019 4:48am
Quoting aaven
{quote} Salim, Yes. I agree with everything you say. My intention of my post was something else. Thanks
Welcome
  • #65
  • May 11, 2019 5:15am May 11, 2019 5:15am
Quoting cfudge
Just a quick update, I have taken on copper 15min chart. Here are 3 trades that closed today from past few days, if I had used SLs I would have same amount of pips banked. Chris {image}
Hello, is it possible to implement the volume indicator in your template, if you haven't already. It doesn't show up in my MT4. Thanks.
  • #66
  • May 11, 2019 6:41am May 11, 2019 6:41am
Quoting cfudge
Anybody get into these nice 5 min trades today? 4hrs...48 pips Chris {image}
I am testing M5 (gold) and it goes in profit but with a rather poor R/R of only 1.2 (since jan 15) - SL above arrow (I like to define my risk), exit trailing after 20/80 cross. Winners : 55%.
Did you work out any stats for your type of exit?
  • #67
  • May 11, 2019 9:27am May 11, 2019 9:27am
Quoting Go5
{quote} I am testing M5 (gold) and it goes in profit but with a rather poor R/R of only 1.2 (since jan 15) - SL above arrow (I like to define my risk), exit trailing after 20/80 cross. Winners : 55%. Did you work out any stats for your type of exit?
Better you upload your chart with entry and exit. Thanks.
  • #68
  • May 11, 2019 12:16pm May 11, 2019 12:16pm
Quoting salimc
{quote} Better you upload your chart with entry and exit. Thanks.
Two loosers and a trailed winner

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD-M5.png Size: 54 KB
  • #69
  • May 11, 2019 12:30pm May 11, 2019 12:30pm
Quoting Go5
{quote} Two loosers and a trailed winner {image}
for a better result, you should trade with the 15M chart. When you will get 80% win, then try at 5 min. With 5 min candle, the momentum is too short and even signal can go to the other way. A few days back I have uploaded a 5 min chart. In which it can be clearly seen that in spite of a valid setup the trade moved to the other way.
take care.
  • #70
  • May 11, 2019 12:31pm May 11, 2019 12:31pm
Quoting cfudge
Anybody get into these nice 5 min trades today? 4hrs...48 pips Chris {image}
I didn't. Thanks
  • #71
  • May 11, 2019 12:52pm May 11, 2019 12:52pm
Quoting salimc
{quote} for a better result, you should trade with the 15M chart. When you will get 80% win, then try at 5 min. With 5 min candle, the momentum is too short and even signal can go to the other way. A few days back I have uploaded a 5 min chart. In which it can be clearly seen that in spite of a valid setup the trade moved to the other way. take care.
I already tested the M15, hovers around 70% but with an average R/R of 1.0 - so the profit curve is certainly smoother.
The next thing to find out, is if actions like moving the SL on a counter - arrow make sense...
  • #72
  • May 11, 2019 2:00pm May 11, 2019 2:00pm
Quoting Go5
{quote} I am testing M5 (gold) and it goes in profit but with a rather poor R/R of only 1.2 (since jan 15) - SL above arrow (I like to define my risk), exit trailing after 20/80 cross. Winners : 55%. Did you work out any stats for your type of exit?
Hey Go5

Thanks for the test...I looked back over my 5min chart, it shows 51 trades where 38 were winners...or 74% and a total profit of 486 pips. This is since April 22nd 2019

Chris
  • #73
  • Edited 2:43pm May 11, 2019 2:31pm | Edited 2:43pm
Quoting cfudge
{quote} Hey Go5 Thanks for the test...I looked back over my 5min chart, it shows 51 trades where 38 were winners...or 74% and a total profit of 486 pips. This is since April 22nd 2019 Chris
Nice result, april was good! With my SL method I get 63% wins for 570 pips (46 trades). Other months however were not so smooth:

Attached Image (click to enlarge)
Click to Enlarge Name: xu-5m-gains.png Size: 57 KB


Can you say anything about your average/ max. drawdown?
  • #74
  • May 11, 2019 2:31pm May 11, 2019 2:31pm
Quoting cfudge
{quote} Hey Go5 Thanks for the test...I looked back over my 5min chart, it shows 51 trades where 38 were winners...or 74% and a total profit of 486 pips. This is since April 22nd 2019 Chris
He is not as trained as you, Chris.
  • #75
  • May 11, 2019 2:32pm May 11, 2019 2:32pm
Quoting Go5
{quote} I already tested the M15, hovers around 70% but with an average R/R of 1.0 - so the profit curve is certainly smoother. The next thing to find out, is if actions like moving the SL on a counter - arrow make sense...
Try it, you will be able to make it 80%
  • #76
  • May 12, 2019 3:38pm May 12, 2019 3:38pm
Quoting Go5
{quote} Nice result, april was good! With my SL method I get 63% wins for 570 pips (46 trades). Other months however were not so smooth: {image} Can you say anything about your average/ max. drawdown?
  • #77
  • May 12, 2019 9:48pm May 12, 2019 9:48pm
Hi guys,
sitting watching this for couple of hours and actually missed the cross of MA. Not sure if I woulda pulled trigger on it anyway - %R did NOT venture beyond the -20 level. Not by much but enough to be outside the rules. What would you have done Chris ? ( & others of course LOL )

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_set_up_13_May.png Size: 51 KB
  • #78
  • Edited 11:01pm May 12, 2019 10:34pm | Edited 11:01pm
You are correct binnie, would have been a nice trade though


Chris
  • #79
  • May 13, 2019 9:09am May 13, 2019 9:09am
Anyone catch this...I was asleep.

Chris

XAUUSD 15 min.

Attached Image (click to enlarge)
Click to Enlarge Name: gold 15 min.jpg Size: 30 KB
  • #80
  • May 13, 2019 2:01pm May 13, 2019 2:01pm
Quoting cfudge
Anyone catch this...I was asleep. Chris XAUUSD 15 min. {image}
It was during NY session and I didn't take risk, only got my 20 pips with which I am happy:
2 traders viewing now