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MT4 candle-by-candle manual backtesting 9 replies

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Attachments: Daily green/red candle
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Daily green/red candle

Hi thanks for replay , icunderstand , but just one thing in h4+h4 with candele custom indicator, how i draw the fibo? I draw fibo line with 1 candlecin h4 or i draghi line the fibo line with 3 candele like d1?

Thanks in advance
Visual backtesting gives good results. I will try it.
Quoting Denondj87
Hi thanks for replay , icunderstand , but just one thing in h4+h4 with candele custom indicator, how i draw the fibo? I draw fibo line with 1 candlecin h4 or i draghi line the fibo line with 3 candele like d1? Thanks in advance
i dont know what you mean
A very simple entry and exit rules, will start adopting this strategy. Thanks dimdel.

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Using fractals, i just trade with the trend.

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Quoting eastrader
Using fractals, i just trade with the trend. {image}
Then what is the point of posting in the daily green-red thread if you are not using the daily green red?

In addition, fractals require a minimum of 3 consecutive bars, with the fractal image painted at earliest the 2nd closed bar back, giving a delayed direction decision. The green-red requires looking only at the last closed bar to make a direction decision.
The markets are speaking to you. Do you know their language? I M T
at 161 fibo close 33% and sl to entry point

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Quoting DrDave
{quote} I attached a daily chart with Heiken Ashi candles. Green rectangle: HA candles have no bottom wick; next day likely to be an up bias. Red rectangle: HA candles have no top wick; next day likely to be a down bias. Yellow rectangle: White HA candles have no bottom wick; next day likely to be an up bias. Black HA candle has no top wick; next day likely to be a down bias. Of course, it is not a PREDICTOR, just a higher probability; look at the yellow rectangle. The 3rd white candle with no bottom wick suggests next day with an up bias, but it...

Interesting idea. Have you done much testing on this. Always looking for new ideas for filters/trend without using indicators
  • Post #4,309
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  • Edited Feb 12, 2020 12:27am Feb 11, 2020 6:34am | Edited Feb 12, 2020 12:27am
Dear dimdel thanks for your strategy, I have found a way to filter most of bad signals. I will test it in demo for a 1 or 2 month and if every thing was OK i will share it with you all.
P.S: sorry for my English

https://www.forexfactory.com/elgringo#acct.79
Quoting DrDave
{quote} Then what is the point of posting in the daily green-red thread if you are not using the daily green red? In addition, fractals require a minimum of 3 consecutive bars, with the fractal image painted at earliest the 2nd closed bar back, giving a delayed direction decision. The green-red requires looking only at the last closed bar to make a direction decision.
I tought on post #1, the TF = D,H4 & H8 can be use.. pls correct me if i'm wrong.
Quoting eastrader
{quote} I tought on post #1, the TF = D,H4 & H8 can be use.. pls correct me if i'm wrong.
You are correct. I considered not putting a timeframe and just say "green red", anticipating there might be a reply such as yours. But because this thread is not very active, I did not expect anyone to raise the issue.

Anyway, wasn't it clear that the issue was why talk about fractals on this thread if you are making no use of green red? It would be great if he had some data to share where he combines green red and fractals and finds there is an advantage over using green red alone.
The markets are speaking to you. Do you know their language? I M T
Dimdel, Hi neighboor. Here is your turkish friend (from Constantinople) i would like to thank you for making me realize importance of the money manegament. Every trader is obsessed with catching signals, indicators etc. but the most important thing in forex is money manegament. İ am happy that you have made me realize that. İ hope you are doing good.
Raskolnikov
Hello again,
Result after 2 days are very good
https://www.forexfactory.com/elgringo#acct.79
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Quoting raskolnikov
Dimdel, Hi neighboor. Here is your turkish friend (from Constantinople) i would like to thank you for making me realize importance of the money manegament. Every trader is obsessed with catching signals, indicators etc. but the most important thing in forex is money manegament. İ am happy that you have made me realize that. İ hope you are doing good. Raskolnikov
hi friend
i wish you good luck
Quoting elgringo
Hello again, Result after 2 days are very good https://www.forexfactory.com/elgringo#acct.79 {image}
hi elglingo

what is your filter?
maybe we used before so no need wait 2-3 months......
Hi Dimdel. What is the current situation with the strategy? After 5 years, does it remain profitable? thanks
dimdel, which EA do you use for this strategy? I'll look in the paper clip for the latest version if it's available there. TY.
Quoting bojack34
dimdel, which EA do you use for this strategy? I'll look in the paper clip for the latest version if it's available there. TY.
i dont use EA
Quoting iDentist
Hi Dimdel. What is the current situation with the strategy? After 5 years, does it remain profitable? thanks
is not set and forget strategy
so noone strategy is prfofitable - alone
must combine MM and some filters for fake signals

now if you want to know if the ''green red'' give millions , then no , sorry
Hi Dimdel,

Which filter are you using? What is your win ratio?Have you tested on 4H?

What I think macd or 200 smea can be useful filter.
As MM, sl is the half of three candles range. Tp is the three candles range. Or Dimdel has different opinion, experience.

Regards

foff00

Quoting dimdel
{quote} is not set and forget strategy so noone strategy is prfofitable - alone must combine MM and some filters for fake signals now if you want to know if the ''green red'' give millions , then no , sorry
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