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Attachments: 3 Bar Fractal Break
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3 Bar Fractal Break

  • #1,041
  • Apr 17, 2020 1:06pm Apr 17, 2020 1:06pm
Quoting bojack34
{quote} I highly recommend that you don't start this strategy. You'll be much better off sticking to one strategy only. This is the problem with most traders is that they jump from strategy to strategy. You're helping them with their problem. Be a part of the solution and help them master "one" strategy. YOUR strategy!
its the same strategy but 1m chart, the 3 bar fractal break happens on all time frames. im giving people the scalping side to it with extra confluence of momentum indicators.

let other make their own minds up. Some like long term trading and some like small scalps.
  • #1,042
  • Apr 17, 2020 2:02pm Apr 17, 2020 2:02pm
Quoting matjaz1982
{quote} praise goes to you, i will continue to regularly watch and watch videos, thanks
Great job you are doing here man! please kindly put the mtf awesome indicator here.
Thanks
  • #1,043
  • Apr 17, 2020 2:07pm Apr 17, 2020 2:07pm
Quoting dele5000
{quote} Great job you are doing here man! please kindly put the mtf awesome indicator here. Thanks
its on page 52 mate
  • #1,044
  • Apr 17, 2020 8:32pm Apr 17, 2020 8:32pm
Quoting bojack34
{quote} I highly recommend that you don't start this strategy. You'll be much better off sticking to one strategy only. This is the problem with most traders is that they jump from strategy to strategy. You're helping them with their problem. Be a part of the solution and help them master "one" strategy. YOUR strategy!
I use 3FB on scalps and the MoTu on weekly trades. There are some days where the MoTu ranges between the points so I just stick with 3FB.
both works as long as one knows where to draw the line between the 2. The real problem comes when the scalp fails and you kinda want to stick to it till it becomes a MoTu strategy. bouncing between 2 strategy on ONE trade is a bad idea. Got my fair share of this problem.

But at the end of the day as long as one sets the SL right, don't revenge trade it.
Don't bet the farm house.
  • #1,045
  • Apr 17, 2020 10:10pm Apr 17, 2020 10:10pm
Quoting akosichago
{quote} I use 3FB on scalps and the MoTu on weekly trades. There are some days where the MoTu ranges between the points so I just stick with 3FB. both works as long as one knows where to draw the line between the 2. The real problem comes when the scalp fails and you kinda want to stick to it till it becomes a MoTu strategy. bouncing between 2 strategy on ONE trade is a bad idea. Got my fair share of this problem. But at the end of the day as long as one sets the SL right, don't revenge trade it.
Akosichago, I don't know if this will help but try using a moving average for the trend direction and only take trades in the direction of the trend. Also note the previous days range of the high and the low and avoid trades that are within the previous days high/low-as this is where many get trapped. You can apply the range from the 4hr chart to use for trades in the 1hr time frame too.
Just as a guide
  • #1,046
  • Apr 18, 2020 7:58am Apr 18, 2020 7:58am
Hi
I thought during the backtest.
Backtesting with 3Bfb often feels that entry is slow a little bit.
(And, often fails when make a mistake in environment recognition.)

But It means that Slow Entry getting a safer entry point.

So, how much advantage (edge) does 3Bfb entry have?
I thought I'd like to investigate.
What is the difference between a 3 bar fractal Entry and a 3Bfb Entry?

This Tests are very rough.
MT4 backtest results, so not very accurate.(Especially 4H has few test times)
Don't trust too much.
Of course I do not believe in this result.

Test 1. Entry when 3 bar fractal is completed
Test 2. Break 3rd bar high on 3 bar fractal and Enter at Next open.
Test 3. 3Bfb Entry.(The entry method is a little different from the basic rules.)

Compared RR between 1: 1 and 1. 5 : 1.
Also compared it when adding 20 EMA.

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This result does not represent anything.
I feel once again that confirming the market environment is very very important,
And how to EXIT and Where to put SL, it is also very important.

And...
Looking at TEST3 win rate, I felt that DAZ's market analysis may be superior.
I think that's great.

for your Information...
  • #1,047
  • Apr 18, 2020 8:08am Apr 18, 2020 8:08am
Inserted Video


Market recap and pre market analsis for the week ahead
  • #1,048
  • Apr 18, 2020 10:52am Apr 18, 2020 10:52am
Inserted Video


3 BAR FRACTAL BREAK TRAINING RECORDING ( NOW ON PAGE 1 )
  • #1,049
  • Apr 18, 2020 6:22pm Apr 18, 2020 6:22pm
Quoting dazjw2311
https://youtu.be/SkKJFyeK3kw 3 BAR FRACTAL BREAK TRAINING RECORDING ( NOW ON PAGE 1 )
Thanks Daz. This is really helpful.
Don't bet the farm house.
  • #1,050
  • Apr 18, 2020 10:11pm Apr 18, 2020 10:11pm
Quoting turnip15
{quote} Three bars back from (1) was also a 1234 where 4 failed. If scalping then a fail of 4 could be used for a quick trade ?
I wouldn't try to do that. Just wait for the break of bar 4. Trying to scalp that could just result in more/unnecessary losses. If you were to profit off that you would try to do it more often which could eventually lead to bad results. In my opinion it would just be better to trade the original setup as taught for best results.(discipline)
  • #1,051
  • Apr 19, 2020 11:45am Apr 19, 2020 11:45am
Quoting penny7
Hi I thought during the backtest. Backtesting with 3Bfb often feels that entry is slow a little bit. (And, often fails when make a mistake in environment recognition.) But It means that Slow Entry getting a safer entry point. So, how much advantage (edge) does 3Bfb entry have? I thought I'd like to investigate. What is the difference between a 3 bar fractal Entry and a 3Bfb Entry? This Tests are very rough. MT4 backtest results, so not very accurate.(Especially 4H has few test times) Don't trust too much. Of course I do not believe in this result....

Would you test it with adding the rule of Monday Tuesday? Great works, Buddy
  • #1,052
  • Apr 19, 2020 2:57pm Apr 19, 2020 2:57pm
Quoting LuisCarlosF
{quote} Small improvement from previous version, Still some fake signals. {file}
Hey, could you please add alerts to your indicator? It would really help us with trading.

Thx.
  • #1,053
  • Apr 19, 2020 11:06pm Apr 19, 2020 11:06pm
Quoting ganc
{quote} Would you test it with adding the rule of Monday Tuesday? Great works, Buddy
Hi ganc
I'm not going to do a test with adding the rule of Monday Tuesday.
I might do some other comparison, though.

I think the Monday and Tuesday rules will have the same effect on any of the entry methods tested this time.

I feel,,, that something different is affecting it.
For example, like volatility ,,,

I think also that the setting of RR that suits each method will also have a large effect.

Anyway, I realized again that the most important thing is a deep understanding of the market environment.
And I realized again that I needed more study too...
  • #1,054
  • Apr 20, 2020 3:47am Apr 20, 2020 3:47am
This is setup for longs i am waiting to confirm to enter. Candle No4 is in progress
Attached Image (click to enlarge)
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  • #1,055
  • Apr 20, 2020 7:09am Apr 20, 2020 7:09am
Daz.
Thank you your NEW Video.
I saw the video.

I'm not good at English, so I needed a little time to understand.
Thanks to the polite explanation, my understanding has improved.
Especially about SL settings.

And I thought that the rule I used in the My Test did not make a correct comparison.
So.... I'm asking FF to delete the Last Post.
May be helpful stats.... For someone else....

Anyway, I like this method, and feel potential a little bit.
so I try this a little more.

Thank you.
  • #1,056
  • Apr 20, 2020 4:18pm Apr 20, 2020 4:18pm
new video on youtube, for some reason its not letting me send. and not loading here.

about entries and order blocks in particular a gold set up happening now. 400 pips on offer.

Please subscribe to it so you dont miss the videos. , illl try upload again tomorrow. prob because i have had a few beer lol
  • #1,057
  • Edited 5:07pm Apr 20, 2020 4:32pm | Edited 5:07pm
those viewing my thread all is free and getting moved. im trying to get back into trading systems.
  • #1,058
  • Apr 20, 2020 10:23pm Apr 20, 2020 10:23pm
I am trying to find the Monday Tuesday indicator which Daren mentions. Any idea where I can find it ?
Capt Ron
  • #1,059
  • Apr 20, 2020 10:27pm Apr 20, 2020 10:27pm
As far as I know there is no indicator and it's not necessary anyway cos it's just 50% of Monday and Tuesday range.
  • #1,060
  • Apr 21, 2020 5:20am Apr 21, 2020 5:20am
Quoting CaptRon
I am trying to find the Monday Tuesday indicator which Daren mentions. Any idea where I can find it ?
Here you go.
Attached File(s)
File Type: ex4 Day of week.ex4   20 KB | 355 downloads
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