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3 Bar Fractal Break

  • #521
  • Mar 27, 2020 3:43am Mar 27, 2020 3:43am
Quoting dazjw2311
GBPJPY H1 SET UP i love this type of set up, stop hunt drop, fratal formed and 4th bar in process. wait for close and enter on m15 {image}
I was looking at GJ chart earlier and found setup. But put numbers on different candles as marked on my chart. Three candles between candle No. 3 and 4 are inside candles.

If i am wrong correct me please.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ H1.jpg Size: 75 KB
  • #522
  • Edited 5:14am Mar 27, 2020 4:16am | Edited 5:14am
Set up confirmed, wait for 15m candle to close below

========SET UP IS NOW VOID, OPPOSITE 3 BAR FRACTAL FORMED===============
Attached Image (click to enlarge)
Click to Enlarge Name: T0OozPU.png Size: 43 KB
  • #523
  • Mar 27, 2020 4:17am Mar 27, 2020 4:17am
Quoting iwan73
{quote} i was looking at gj chart earlier and found setup. But put numbers on different candles as marked on my chart. Three candles between candle no. 3 and 4 are inside candles. If i am wrong correct me please. {image}

yes its still valid, even more so with the other 3 bar fratal to the right of yours
  • #524
  • Mar 27, 2020 5:21am Mar 27, 2020 5:21am
Quoting kodakwhite
{quote} It's working but exist strategy sucks but one can modify it of course
Can You give me some suggestions on how to improve it?

Thanks
  • #525
  • Mar 27, 2020 5:36am Mar 27, 2020 5:36am
Quoting GavynSykes
{quote} Can You give me some suggestions on how to improve it? Thanks

I wouldnt hold your breath hes a captain bigbollox, mr thinksheknowsitall. Looking for people to buy from him probably. The only way to improve this is knowing direction for sure. The bloke is full of shit
  • #526
  • Mar 27, 2020 5:40am Mar 27, 2020 5:40am
daz can I Ask what tool you used for backtesting? Manually using MT4 or something more funky?
  • #527
  • Mar 27, 2020 5:41am Mar 27, 2020 5:41am
Filtering:
I thing I am forward testing is only taking trades in the direction of the most recent 123 fractal on the daily. This removes those trades that are fighting against the daily bias.
  • #528
  • Mar 27, 2020 5:48am Mar 27, 2020 5:48am
Quoting andys0506
daz can I Ask what tool you used for backtesting? Manually using MT4 or something more funky?
what i did was print out for one pair, 150 weeks from H4 chart back 3 years and look for patterns start of week and midweek. the patterns occur repeatably, i recommend using pencil mark off the most most profitable 4 bar play , in every week and jot down week by week the possible pips. Try find the ones that didnt work too ( these are normally end of week, late thursday friday). As you do this week by week, you will see a pattern on the h4 chart happening all the time when these fractals occur. It took me 2 full days to do this . once you back test this and see the pattern, check randon weeks on other pairs to see if it works ( they do ) then you practice for a month.

Not like these keyboard FX experts that trade off the bat claiming they know everything when they are just looking for a quick profit for free cus they are on the dole.
  • #529
  • Mar 27, 2020 6:44am Mar 27, 2020 6:44am
Just taken this on the DAX for +30, is this a marginal set up? Anyway it has delivered and will probably head well into the 9700 level, still getting my head around this so happy with +30
Attached Image (click to enlarge)
Click to Enlarge Name: GER30H1 27_03.png Size: 33 KB
Everything should be made as simple as possible, but no simpler - Einstein
  • #530
  • Mar 27, 2020 6:56am Mar 27, 2020 6:56am
Quoting Davidh061
Just taken this on the DAX for +30, is this a marginal set up? Anyway it has delivered and will probably head well into the 9700 level, still getting my head around this so happy with +30 {image}
yeah thats a perfect setup. i like the failed second leg push up. if i were you i woul print that chart off and only trade them failed second leg fractals, great pinbar confirmation too. great example. well done
  • #531
  • Mar 27, 2020 7:16am Mar 27, 2020 7:16am
Quoting dazjw2311
{quote} yeah thats a perfect setup. i like the failed second leg push up. if i were you i woul print that chart off and only trade them failed second leg fractals, great pinbar confirmation too. great example. well done
Thanks Daz, just come back to my computer, so much left on the table hey ho!
Everything should be made as simple as possible, but no simpler - Einstein
  • #532
  • Mar 27, 2020 8:26am Mar 27, 2020 8:26am
SHORT EURO CME
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-03-27_23h00_56.png Size: 86 KB
  • #533
  • Mar 27, 2020 8:28am Mar 27, 2020 8:28am
Hi Daz,

Just caught up on the whole thread, my mate told me about this then went over it with me and this is absolutely amazing. Wanted to learn more so thought it would be a good idea to read this whole thread and see for myself, and the results are shockingly good.

Been using it today and all trades have hit TP bar one - price didn't go to the SL - the spread did -_-.

One thing that would be good to know is how would you place your stop losses? Saw on some page you said above/below the candle on the time frame you entered but this is what wicked me out? If this is what you do i can accept this loss and continue moving forward with this strategy.

This method is a good one for myself as it takes out any uncertainty of "if's" and "maybe's" and the rules are there on paper.

Also the way you did your backtesting is unheard of.

Thank you and well done and keep up the good work.

P.S - if you see this in time could you check AUDUSD as it seems like the 4 bars have set up on the H4, along with 4 bars on the H1 along with 4 bars on the M15. This seems like a unusual alignment of *all* time frames (and the order flow has just changed to bearish so sell positions are now valid imo!)

Thanks again.
  • #534
  • Mar 27, 2020 9:08am Mar 27, 2020 9:08am
Hallo,
USD/YEN H1
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 46 KB
  • #535
  • Mar 27, 2020 9:21am Mar 27, 2020 9:21am
Quoting peterhenders
{quote} the point is to trade right, look left and you will see where the bankers are waiting. Big, lots? who are the lots big for? As you will see the gj trade posted above now has a green stop loss, if it hits target then that is +$1,300.00 in my pocket. Plus the e/n trade that closed below candle 4 and came back to test that line giving me a total, with the gj trade $4800.00 for a few hours work- that equates to +$1000.00 per hour but this is forex and if you cant expect these small well paid moves then you are in the wrong profession. I notice...

Spot on.
  • #536
  • Mar 27, 2020 10:01am Mar 27, 2020 10:01am
Daren, can you add to below for disqualification of the signal - example we are analyzing 4 hr bars

Disqualify,

1. When opposite 1 hr bar fractal appears
2. If PA went beyond our initial Fractal 4 hr without entry
3. ?
4. ?
etc...
  • #537
  • Mar 27, 2020 10:17am Mar 27, 2020 10:17am
DJ m15 Entry m5
Attached Image (click to enlarge)
Click to Enlarge Name: [DJI30]M15.png Size: 56 KB
  • #538
  • Mar 27, 2020 10:52am Mar 27, 2020 10:52am
Quoting GavynSykes
Here You can find the first version of the EA based on this strategy. Any testing and suggestions is really appreciated. The EA waits for the fractal to be formed and save the trigger level. Then it checks the lower time frame and enter the market if a candle close breaks the trigger level. Otherwise it discards the setup if the high / low of the bar 2 is reached. The SL is put on the high / low of the bar 2, the TP can be adjusted using the risk reward input. Inputs available: - the lot size (default 0.1) - the risk reward ratio (default 2.0) -...
can you put the mql please. i will convert to mql5 and put here too
  • #539
  • Mar 27, 2020 11:00am Mar 27, 2020 11:00am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 53 KB
  • #540
  • Mar 27, 2020 2:57pm Mar 27, 2020 2:57pm
Can these members please PM me please.

SWEEPI
PETERHENDERS
BABAKK
ANDYS0506
JAKDAN

would like a chat guys, got something that may interest you
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