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DOS. Daily Open Strategy. Easy To Trade, Simple To Win (EA..soon)

  • #101
  • Oct 11, 2020 8:14am Oct 11, 2020 8:14am
Quoting kafeldom
{quote} No SL, No martingale as OP said 'If price goes from last entry against the direction of the trade, open at the Open of every new day an additional market order with same lot size as original trade.'. This is not martingale, this is just doubling down. {quote} I can up the risk A LOT before it coming close to blowing the account, as you can see this backtest is done on tick data from 2015 to now. Which gives me 18k% gain with 97% max dd, any higher risk would blow the account. (ofcourse this is hindsight and would probably blow the account...
Using a compounding version I could up the risk to 10,000 volume (0.1 lots), meaning I couldve started with 0.1 lots per 1k anywhere between 2015-now without blowing the account (max risk).

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB
  • #102
  • Oct 11, 2020 12:20pm Oct 11, 2020 12:20pm
Thanks for sharing this system , i make back test and it look very promising , I work on dashboard EA which can show the 28 piers , just one look when day start will see all possible trades , the next step is to fined the most suitable day bar size for each pier ....will share the EA as soon as i finish it ....
Attached Image (click to enlarge)
Click to Enlarge Name: Tickmill MT4 Client Terminal.png Size: 142 KB
  • #103
  • Oct 11, 2020 12:38pm Oct 11, 2020 12:38pm
Looking forward to your most excellent work...This is why I subscribed to this thread.

ES

Quoting Waddah
Thanks for sharing this system , i make back test and it look very promising , I work on dashboard EA which can show the 28 piers , just one look when day start will see all possible trades , the next step is to fined the most suitable day bar size for each pier ....will share the EA as soon as i finish it .... {image}
  • #104
  • Edited 3:54pm Oct 11, 2020 2:44pm | Edited 3:54pm
Dear smilee89, thank you for sharing your strategy.

Please find attached an indicator for the strategy as per the rules to aid manual trading. The bull and bear candles are shaded and the entries have arrows. If anything needs changing let me know. I have not added alerts as it is just as easy to check for valid entry at midnight everyday. R
Attached File(s)
File Type: ex4 DOS Indicator V1.ex4   20 KB | 1,202 downloads
  • #105
  • Oct 11, 2020 3:00pm Oct 11, 2020 3:00pm
Quoting Ronin-
Dear smilee89, thank you for sharing your strategy. Please find attached an indicator for the strategy as per the rules to aid manual trading. The bull and bear candles are shaded and the entries have arrows. If anything needs changing let me know. R {file}
Thank you.

Could you enable it so it shows also on H4? It has been a lot of talk for H4 timeframe, and a few tests have been made by the EA's and it looks promising also.

Thank you.
  • #106
  • Oct 11, 2020 3:06pm Oct 11, 2020 3:06pm
Quoting kafeldom
{quote} Using a compounding version I could up the risk to 10,000 volume (0.1 lots), meaning I couldve started with 0.1 lots per 1k anywhere between 2015-now without blowing the account (max risk). {image}
What would the max drawdown be with that volume?
  • #107
  • Oct 11, 2020 3:21pm Oct 11, 2020 3:21pm
Quoting fx11trade
{quote} Thank you. Could you enable it so it shows also on H4? It has been a lot of talk for H4 timeframe, and a few tests have been made by the EA's and it looks promising also. Thank you.
Hi fx11trade. The indicator will work on all time frames. However, the range of candle body sizes will vary on each timeframe and symbol. Just change the candle body size as required and appropriate. The indicator attached may help determine the appropriate body range.

Please may I suggest sticking to the rules as stated in post one to respect what has been shared for free. Too often, a thread is corrupted by changing the initial strategy without the thread owner's approval. It is better to learn everything about the strategy "as is" before any alteration etc..

Kind regards, R
Attached File(s)
File Type: mq4 candle-body-size.mq4   1 KB | 1,087 downloads
  • #108
  • Oct 11, 2020 3:37pm Oct 11, 2020 3:37pm
Quoting mankindeg
{quote} What would the max drawdown be with that volume?
Near blowing account (90%)
Although I made an adaptation to the system which now gives it 20% dd with that kind of volume.
  • #109
  • Oct 11, 2020 4:50pm Oct 11, 2020 4:50pm
I'm curious, how long is the backtesting period (years?) shown by the test report(s) of smilee89?
Detach yourself from the value of money - Mr. Pip
  • #110
  • Oct 11, 2020 5:02pm Oct 11, 2020 5:02pm
Quoting Supreme1394
I'm curious, how long is the backtesting period (years?) shown by the test report(s) of smilee89?
I would not just only try to see the long run rather than start the tester some days before Tsunamis (e.g. Trump Tweets, Brexit). Or before a longer ranging period. If it survises these special moments, then demo account and then micro lots...
  • #111
  • Oct 11, 2020 5:27pm Oct 11, 2020 5:27pm
Quoting ursinho4711
{quote} I would not just only try to see the long run rather than start the tester some days before Tsunamis (e.g. Trump Tweets, Brexit). Or before a longer ranging period. If it survises these special moments, then demo account and then micro lots...
Can you specify those dates precisely?
  • #112
  • Oct 11, 2020 6:08pm Oct 11, 2020 6:08pm
Quoting kafeldom
{quote} Near blowing account (90%) Although I made an adaptation to the system which now gives it 20% dd with that kind of volume.
talk about this adaptation, please
  • #113
  • Oct 11, 2020 11:36pm Oct 11, 2020 11:36pm
i made an EA for this system....i also add additional option if u want, running candle size goes more than 110 (setting) it also open trade, for that make the Trade Running Candle = true, if it false it will open trade in next candle if candle body meet the requirement

i add time period upto 30 dec 2020, so that nobody can sell it anywhere, its totally free

Attached File(s)
File Type: ex4 High Candle EA.ex4   16 KB | 1,129 downloads
  • #114
  • Oct 12, 2020 5:18am Oct 12, 2020 5:18am
Quoting kafeldom
{quote} Near blowing account (90%) Although I made an adaptation to the system which now gives it 20% dd with that kind of volume.
What are they these modifications that reduced so much DD?
  • #115
  • Oct 12, 2020 5:22am Oct 12, 2020 5:22am
Is there anyone that coded this idea in MT5 and willing to share the EA?
  • #116
  • Oct 12, 2020 9:12am Oct 12, 2020 9:12am
Quoting emi00
i made an EA for this system....i also add additional option if u want, running candle size goes more than 110 (setting) it also open trade, for that make the Trade Running Candle = true, if it false it will open trade in next candle if candle body meet the requirement i add time period upto 30 dec 2020, so that nobody can sell it anywhere, its totally free {file}
Thanks emi00 !!!
  • #117
  • Oct 12, 2020 9:15am Oct 12, 2020 9:15am
I think that this strategy may work with low timeframes too as...15 or 5min !
  • #118
  • Oct 12, 2020 9:30am Oct 12, 2020 9:30am
has anyone already tested the advisor?
  • #119
  • Oct 12, 2020 10:08am Oct 12, 2020 10:08am
Quoting emi00
i made an EA for this system....i also add additional option if u want, running candle size goes more than 110 (setting) it also open trade, for that make the Trade Running Candle = true, if it false it will open trade in next candle if candle body meet the requirement i add time period upto 30 dec 2020, so that nobody can sell it anywhere, its totally free {file}
am not a coder that is why I cant try my ideas easily. this strategy might work or might not. but the idea is you are getting in front of a fast train. why don"t we just go with the flow? I mean, if we have this kind of big candle, why are we going against it... go with it.. my idea is if this pair has 110 pips of daily candle, if its bullish, maybe we can set a buy rather than sell. put the same tp, 20 pips. or whatever computations e had. it that case, we are riding the train and not going against it..

my friend Emi00 pls help me to code another set of EA with this idea.. just a reverse condition of what you have done.

thank you!
PATIENCE AND DISCIPLINE!
  • #120
  • Oct 12, 2020 11:05am Oct 12, 2020 11:05am
Quoting harold1
{quote} am not a coder that is why I cant try my ideas easily. this strategy might work or might not. but the idea is you are getting in front of a fast train. why don"t we just go with the flow? I mean, if we have this kind of big candle, why are we going against it... go with it.. my idea is if this pair has 110 pips of daily candle, if its bullish, maybe we can set a buy rather than sell. put the same tp, 20 pips. or whatever computations e had. it that case, we are riding the train and not going against it.. my friend Emi00 pls help me to code...
Save your time - won't work either.
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