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(binned per thread starter's request) Beat The Market strategy

  • #1,741
  • Sep 9, 2019 12:03am Sep 9, 2019 12:03am
Quoting sougaijam
{quote} I tried with post #1,041 but sorry to ask a repeated question dashboard is not working properly in my system, the upper and lower band does not change the value from 0.00000 other than blinking FYI I have open charts of AUDUSD and EURUSD loaded with the mentioned indicators and one more thing one member ask a question regarding purpose of the "G" indicator in the dashboard folder I dont see anyone replying to his query {image}
https://www.forexfactory.com/showthread.php?p=12467207#post12467207

Try post #1061
Anything above the line is an uptrend, below the line is a downtrend.
  • #1,742
  • Sep 9, 2019 2:37am Sep 9, 2019 2:37am
Quoting Mundo
{quote} On my last week of vacation, still reading and trading system. Difficult reading through 6 pages of repeated questions and off topic issues though. IMHO I believe the best way to handle the situation with newbie questions and repeated questions might be to change settings of thread for only those with diamonds allowed to post. It will keep those folks with 1 or 9 posts only, just joined Aug 2019...etc....from posting. They can still read thread just not post, only members with diamonds can. It will not eliminate all unnecessary posts but...
I think it's a good idea. It will filter out those questions asked already twice, or three or four times. And help to reach a more effective discussion on the strategy.

As of that, I have a question about the preferred position sizing in this strategy. If we place the SL based on BTM's idea, they would differ most of the time - so that would mean (if we practice a strict 1 or 2% R rule) we would change our lot size according to the SL set? Or do you guys trade with fixed lot sizes?

I'm asking because I haven't traded this low of a timeframe, and where timing is key it could be a hassle to Always calculate your SL / Lot size with every entry? It could be easier with an lot size calculator built in?

Kind regards,
  • #1,743
  • Sep 9, 2019 2:57am Sep 9, 2019 2:57am
Quoting peter2019
{quote} Hi BTM, could I buy if NZDUSD retrace to basement line ? {image}
No... TIPS 1
  • #1,744
  • Sep 9, 2019 3:01am Sep 9, 2019 3:01am
Quoting sougaijam
{quote} I tried with post #1,041 but sorry to ask a repeated question dashboard is not working properly in my system, the upper and lower band does not change the value from 0.00000 other than blinking FYI I have open charts of AUDUSD and EURUSD loaded with the mentioned indicators and one more thing one member ask a question regarding purpose of the "G" indicator in the dashboard folder I dont see anyone replying to his query {image}
1- open EURUSD
2- load Beat the Market template
3- go Daily chart press home button on your key board 3-4 times
4- go H4 repeat step 3
5- go H1 repeat step 3
6- go m30 repeat step 3
7- go m15 repeat step 3
8- open USDJPY
9- repeat steps 2-7
10- open AUDUSD
11- repeat steps 2-7
12- ....
  • #1,745
  • Sep 9, 2019 3:13am Sep 9, 2019 3:13am
EURCHF TP1 hit! Good way to start the week ...
  • #1,746
  • Sep 9, 2019 3:36am Sep 9, 2019 3:36am
Quoting Wenke
{quote} I think it's a good idea. It will filter out those questions asked already twice, or three or four times. And help to reach a more effective discussion on the strategy. As of that, I have a question about the preferred position sizing in this strategy. If we place the SL based on BTM's idea, they would differ most of the time - so that would mean (if we practice a strict 1 or 2% R rule) we would change our lot size according to the SL set? Or do you guys trade with fixed lot sizes? I'm asking because I haven't traded this low of a timeframe,...
My 2 cents about it: I trade with fixed lot size.

Explanation: The strict x% risk rule is for the general case where we have variable risk/reward, variable risk ( in pips ) and variable win/loss ( for example, the average win/loss is constant, let's say 60%, but in reality it fluctuates locally between 40% and 80% ). With all these variable "things" in place, your only control is to limit the basic "quant" of your money risked - from here, the need for a lot size calculator.

But I noticed two things about this method: the risk:reward is quite constant for my trades ( somewhere more than 0.5 but - fortunately - less than 1 ) and win/loss is quite good for my trades ( somewhere above 75% ), meaning I can consider win/loss as a constant ( with a good value ). So I have two constants from three: only the risk in pips fluctuates. OK, so if I work with fixed lot size, the risk in account currency will also fluctuate. But I consider that this fluctuation is securely absorbed by the two constants above ( and mainly by the good win/loss ). So I go ahead with this set-up - fixed lot size.
  • #1,747
  • Sep 9, 2019 3:41am Sep 9, 2019 3:41am
During writing my post above, GBPCHF TP1 hit! Man, it's fast! I won't pollute anymore the thread with TP hits ... there are too many....
  • #1,748
  • Sep 9, 2019 3:48am Sep 9, 2019 3:48am
Quoting forexcentric
During writing my post above, GBPCHF TP1 hit! Man, it's fast! I won't pollute anymore the thread with TP hits ... there are too many....
But it would be nice if you posted a screen capture so others can see where the pivot lines are positioned and how the setup looked.
To free Gazans of Hamas, use whatever it takes.
  • #1,749
  • Sep 9, 2019 4:01am Sep 9, 2019 4:01am
Quoting BTM
{quote} 1- open EURUSD 2- load Beat the Market template 3- go Daily chart press home button on your key board 3-4 times 4- go H4 repeat step 3 5- go H1 repeat step 3 6- go m30 repeat step 3 7- go m15 repeat step 3 8- open USDJPY 9- repeat steps 2-7 10- open AUDUSD 11- repeat steps 2-7 12- ....
Or use the attached SCRIPT, does the job for you.
Attached File(s)
File Type: mq4 ForceLoadHistoricalData_mod.mq4   8 KB | 411 downloads
  • #1,750
  • Sep 9, 2019 4:02am Sep 9, 2019 4:02am
Quoting DrDave
{quote} But it would be nice if you posted a screen capture so others can see where the pivot lines are positioned and how the setup looked.
Sure, here it is:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF_0909.PNG Size: 38 KB
  • #1,751
  • Sep 9, 2019 4:03am Sep 9, 2019 4:03am
anyone know how can i show the missed part of dashboard v2

v1 was showing me the open position like this photo
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Untitled2222.png Size: 78 KB
Click to Enlarge Name: Untitled22222222222222222.png Size: 502 KB
good luck
  • #1,752
  • Sep 9, 2019 4:07am Sep 9, 2019 4:07am
Quoting tito5615104
anyone know how can i show the missed part of dashboard v2 v1 was showing me the open position like this photo {image} {image}
Attached Image
  • #1,753
  • Sep 9, 2019 4:12am Sep 9, 2019 4:12am
Quoting Ah-Ong
{quote} {image}
many thanks Ah-Ong
done
good luck
  • #1,754
  • Sep 9, 2019 4:13am Sep 9, 2019 4:13am
Hi BTM,

1) Suggest profit change to color LIME, loss change to color RED, easy to read.
2) Total profit / loss need to adjust like in the screenshot.
Attached Image
  • #1,755
  • Sep 9, 2019 4:29am Sep 9, 2019 4:29am
Quoting Ah-Ong
Hi BTM, 1) Suggest profit change to color LIME, loss change to color RED, easy to read. 2) Total profit / loss need to adjust like in the screenshot. {image}
we will consider that for the next update.
  • #1,756
  • Sep 9, 2019 4:31am Sep 9, 2019 4:31am
opened 2 trades today
GBPCHF GBPJPY

both near TP1

back on track after vacation
  • #1,757
  • Sep 9, 2019 4:38am Sep 9, 2019 4:38am
Quoting alhalawi
opened 2 trades today GBPCHF GBPJPY both near TP1 back on track after vacation
its good to see you again alhalawi . keep make green pips .
  • #1,758
  • Sep 9, 2019 4:42am Sep 9, 2019 4:42am
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-09-09 11_39_05-EURGBP,M15.png Size: 47 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-09-09 11_39_38-GBPCHF,M15.png Size: 49 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-09-09 11_40_10-EURJPY,M15.png Size: 48 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-09-09 11_45_14-GBPJPY,M15.png Size: 49 KB

And closed todays XAUUSD,XAUEUR both for 30+ pips

Also got alerts from dashboard for NZDCHF,NZDJPY,EURCAD,EURNZD. But all are too close to the outside band so I didn't open any of them.
Anything above the line is an uptrend, below the line is a downtrend.
  • #1,759
  • Sep 9, 2019 4:42am Sep 9, 2019 4:42am
Entries today, following 100% tips and rules
Attached Image (click to enlarge)
Click to Enlarge Name: A81A9B38-2951-43C5-A783-0BC9DA9A052F.jpeg Size: 490 KB
  • #1,760
  • Sep 9, 2019 4:52am Sep 9, 2019 4:52am
Is there anyone long USDJPY ?
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