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Trading Made Simple(r)

  • #341
  • Jun 19, 2019 5:44am Jun 19, 2019 5:44am
USD/CHF worth keeping an eye on for a possible short. Indicators are nearly breaking down through 50
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  • #342
  • Jun 19, 2019 5:55am Jun 19, 2019 5:55am
Quoting jgadefelth
{quote} Does it depend on the pairs or just the time, that is for this period you tested this pairs was more trending then others or is it like this sort of mostly the same pairs are the one that trends ? Best regads
It depends of the period and the pair. But some pairs have more tendency to trend better.
In April was couple weeks where market stalled and in last months was some nice trending weeks.
For better understanding is needed to analyze longer period (2 years).
For example USDCAD in period 01.04.19 - 06.06.19
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In period 04.01.2018-05.06.2018
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SP
  • #343
  • Jun 19, 2019 5:57am Jun 19, 2019 5:57am
Quoting SuperPip
{quote} Hi! You should do your homework. It depends really of your trading style. I did some paper trading from starting of begin of April. Last two and half months had next results: {image} Entry is by the rules and between 6 AM GMT to 9 PM GMT. Exit is when candle closes over the yellow line. Your results will be different. With regards, SP
Fun facts: For USDCAD you had 12 trades from the beginning of April. I counted all entries with the indicator rules and time between 6 AM GMT to 9 PM GMT, and I got 25 possible trades. It means that you take about half of the possible trades. So even this is a good method you have to filter out a lot
based on your own experience.
  • #344
  • Jun 19, 2019 6:08am Jun 19, 2019 6:08am
Quoting kirinda
{quote} Fun facts: For USDCAD you had 12 trades from the beginning of April. I counted all entries with the indicator rules and time between 6 AM GMT to 9 PM GMT, and I got 25 possible trades. It means that you take about half of the possible trades. So even this is a good method you have to filter out a lot based on your own experience.
May be there are different candles for different brokers.
What will be your stats?
My entries of 2 first weeks in April:
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There is one condition more in my paper trading, no trades over weekend.
  • #345
  • Jun 19, 2019 6:14am Jun 19, 2019 6:14am
Quoting SuperPip
{quote} Hi! You should do your homework. It depends really of your trading style. I did some paper trading from starting of begin of April. Last two and half months had next results: {image} Entry is by the rules and between 6 AM GMT to 9 PM GMT. Exit is when candle closes over the yellow line. Your results will be different. With regards, SP
Did u compare candle between heiken ashi and normal candle because heiken ashi can make you choose wrong entry and exit, and for me stoch 833 cross 55 and 45 is the best exit, u can try and see it
  • #346
  • Jun 19, 2019 6:17am Jun 19, 2019 6:17am
Looks like EURUSD H4 looking bad. -11pips. Closing out.

Two losses this week so far on this system I think we need to re-evaluate entry points and enter sooner.
  • #347
  • Jun 19, 2019 6:20am Jun 19, 2019 6:20am
Quoting trieuVhh
{quote} Did u compare candle between heiken ashi and normal candle because heiken ashi can make you choose wrong entry and exit, and for me stoch 833 cross 55 and 45 is the best exit, u can try and see it
Thanks, I will look for it!
For entry by the rules is needed the cross of HMA and yellow line, continuation trade needs a color change of HA candle.
Trade should be confirmed by RSI and Stochastic. No entry for big candle.
Exit when japanese candle closes over yellow line.

But I will look your idea more closely.

SP
  • #348
  • Jun 19, 2019 6:27am Jun 19, 2019 6:27am
Quoting Roni26
Looks like EURUSD H4 looking bad. -11pips. Closing out. Two losses this week so far on this system I think we need to re-evaluate entry points and enter sooner.
From experience of paper trading I can tell, this system has small wins and small loses.
But you will have long trails. The stochastic and RSI will block many wipshaw trades and you should have
more small wins then small losses.
When I take pairs where Kelly % was over 40% then the graph of results will be next:
Attached Image

This was a paper trading, let's see what brings the forward test.

SP
  • #349
  • Jun 19, 2019 6:30am Jun 19, 2019 6:30am
Quoting Roni26
Looks like EURUSD H4 looking bad. -11pips. Closing out. Two losses this week so far on this system I think we need to re-evaluate entry points and enter sooner.
Be patience, its just 2 lose trade, In 4H, 11 pips is tiny, u can easily find some trade with 40-60 pips profit, robinhood develop this strategy over a decade, all you need to do is undertand how he did it.
  • #350
  • Edited 7:03am Jun 19, 2019 6:46am | Edited 7:03am
Quoting kirinda
{quote} Fun facts: For USDCAD you had 12 trades from the beginning of April. I counted all entries with the indicator rules and time between 6 AM GMT to 9 PM GMT, and I got 25 possible trades. It means that you take about half of the possible trades. So even this is a good method you have to filter out a lot based on your own experience.
Sorry I made a mistake. I was counting for AUDCAD. But my counting for USDCAD shows 32 possible entries in the period. So you only take 37% of all possible entries.

Here is a screenshot from 1.04-19.04. Green vertical lines shows possible entries. As you can see is 13 possible entries if you follow the entry rules. But it's in an range so I will probably taken maybe 2-3 of these myself.

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  • #351
  • Jun 19, 2019 7:11am Jun 19, 2019 7:11am
Quoting Roni26
Looks like EURUSD H4 looking bad. -11pips. Closing out. Two losses this week so far on this system I think we need to re-evaluate entry points and enter sooner.
To take losses it's part of the game. My self I have 0 wins so far this week and 2 small losses for EURUSD and EURJPY. But I doesn't care because I know soon the will be some winners too.
  • #352
  • Jun 19, 2019 7:12am Jun 19, 2019 7:12am
Quoting kirinda
{quote} To take losses it's part of the game. My self I have 0 wins so far this weak and 2 small losses for EURUSD and EURJPY. But I doesn't care because I know soon the will be some winners too.

Is the stop size about the same as the tp ? i heard small winnings and small losers ?

Best regards
  • #353
  • Jun 19, 2019 7:30am Jun 19, 2019 7:30am
Quoting jgadefelth
{quote} Is the stop size about the same as the tp ? i heard small winnings and small losers ? Best regards
Initial stop loss is 2 candles back from entry candle. In addition to this I will exit the trade if HMA change color. InI will also trail my stop loss if the trade going
into positive pips (candle by candle). By trailing the stop loss you get as much profit as possible (no fix take profit). By doing this your average losses will be much less than your average winners.

Here is my loss on EURJPY earlier today. I exit this trade when the HMA change the color so my loss is much less than if it hit stop loss.

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  • #354
  • Jun 19, 2019 8:42am Jun 19, 2019 8:42am
You all are finally doing what I had hoped would happen. Helping each other, and exchanging trading ideas WITHOUT ANYONE ARGUING (a rare thing on FF). When I created this thread, on Post 1 I wrote:

"My hope is that other traders will recognize the power of these templates and contribute even more ways to trade them, hopefully in ways even more effective than I have presented, and that they help traders make a lot more money trading the Forex."

- RobinHood

I truly hope that these exchanges of ideas, and "others helping others" continues here for a long, long time. I don't always have all the answers (nor the time to answer all of them even if I did), I only know the things that I have learned from my experiences in trading. I also want to learn new things from other traders about these indicators and possibly different and/or better ways to use them that I have not yet discovered.

I wish everyone good luck. Remember, trading should be looked at as a life-long journey of learning.
Always a Student, Never a Master - Emulate What Works
  • #355
  • Jun 19, 2019 8:52am Jun 19, 2019 8:52am
Quoting kirinda
{quote} Initial stop loss is 2 candles back from entry candle. In addition to this I will exit the trade if HMA change color. InI will also trail my stop loss if the trade going into positive pips (candle by candle). By trailing the stop loss you get as much profit as possible (no fix take profit). By doing this your average losses will be much less than your average winners. Here is my loss on EURJPY earlier today. I exit this trade when the HMA change the color so my loss is much less than if it hit stop loss. {image}

Hi Kirinda,

What you do you trail your trades by (pips wise). I dont set a trailing stop normally but maybe I should.

Currently short on EURCAD H1 timeframe... Anyone in this?

Roni
  • #356
  • Jun 19, 2019 9:00am Jun 19, 2019 9:00am
Quoting Roni26
Looks like EURUSD H4 looking bad. -11pips. Closing out. Two losses this week so far on this system I think we need to re-evaluate entry points and enter sooner.
I've only looked at this method since last weekend and this trading week is a little odd in that we have many central bank fundamentals to think about.

From what I have observed, the stochastic indicator prevents earlier entry on most occasions. It may be possible to adjust that part of the method to say as long as the stochastic has turned from either above 80 or below 20 you can still enter the trade providing all other requirements are met. It may even be possible to say as long as the stochastics have turned in the direction of your trade you can enter.

This needs properly back testing though and that is something I just don't have time for whilst doing the day job. A quick visual test on a couple of pairs would suggest this may be a workable adjustment of the method.

Maybe Robinhood can advise if this change has already been investigated and deemed unsuitable or just not profitable in the long run? The last thing I want to appear to be doing is bullying my ideas on what looks like a very sound method brought to us freely by Robinhood.

Cheers
Andy
  • #357
  • Jun 19, 2019 9:03am Jun 19, 2019 9:03am
Quoting Roni26
Looks like EURUSD H4 looking bad. -11pips. Closing out. Two losses this week so far on this system I think we need to re-evaluate entry points and enter sooner.
Hello, I do not know when and how you entered but what I have learned from my mistakes this week is not to enter the trade when the 4H candle has not closed.

It is important not to be in a hurry when entering the trade. Sometimes the 4H may look promising with the Daily chart but I have also noticed that they move in reverse directions, especially when the 4H cycle is yet to be completed.

I sometimes look at the 1H and 30Min charts to see if the RSI and the Stoch are not in opposite direction compared to the 4H.

NOTE: If they are in the opposite direction and you enter the trade you'll get negative results.
Begin with the end in mind
  • #358
  • Jun 19, 2019 9:08am Jun 19, 2019 9:08am
Quoting Roni26
{quote} Hi Kirinda, What you do you trail your trades by (pips wise). I dont set a trailing stop normally but maybe I should. Currently short on EURCAD H1 timeframe... Anyone in this? Roni
Roni, RoobinHood describe this in post 16: https://www.forexfactory.com/showthr...6#post12280336

I use exactly what RoobinHood describe in this post for trailing stop.

I didn't take the EURCAD trade because Dragi had a speech 1 hour later.
  • #359
  • Jun 19, 2019 9:20am Jun 19, 2019 9:20am
So, about 45 minutes ago, I saw this Gold trade all the indicators are telling me that this trade is on a ride for long. I didn't consider if the 4H candle has closed, I jumped in because the 4TF are going in the same direction.

Any suggestion on the possible error I may be committing.

Thank you.

Luttlebird.
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Begin with the end in mind
  • #360
  • Jun 19, 2019 9:21am Jun 19, 2019 9:21am
Long on CADJPY 4H and GBPJPY 4H:

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Attached Image (click to enlarge)
Click to Enlarge Name: 20190619GBPJPYH4.png Size: 53 KB
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