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

Update.
All matrix info now in Pips only.
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File Type: ex4 BodySize_Alert_Multi_v3.0.ex4   27 KB | 473 downloads
Hello, how would you have done here or would that have been a minus?
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Quoting ingo3344
Hello, how would you have done here or would that have been a minus? {image}
In english please.
? Hallo, wie hättest du das hier gemacht oder wäre das ein Minus gewesen? German
Quoting ingo3344
Hello, how would you have done here or would that have been a minus? {image}
I am asking the same question myself, you can notice that for pair GPB/NZD in August during the downtrend 2x times the strategy somehow failed, because profit target of 30 pips couldnt be achieved.
Is there a way to calculate less pt, to avoid these situations? As I can see you could make some profit but definitely less than 30 pips.
ingo3344 and sportydog86
Read post #1 again and again.
After you finish reading it 100 times, read again and then you may not ask newbies' questions here.
@smilee89 do you know when the EA will be coming out?
Covered on GbpJpy

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wise man say, only fools rush in
Quoting eastrader
Covered on GbpJpy {image}
should not this trade have been closed earlier? right away when profit is 0. Like around 139.00?

"Most of the trades in 1st entry will close in TP, but if price goes against the trade, we will open additional trades once a day until we close all open trades as a “basket” of trades when sum of money of the basket is positive."
Quoting yonnie
hi folks, not sure if it helps anybody..... thought to do a manual test for G/N from 1/1/20 till present on the daily chart..... the average daily range for the last 250 days is 197 pips..... body 100-120 pips; 13 days; average 112 pips max body 121-140 pips; 13 days; average 86 pips max body 141-160 pips; 12 days; average 68 pips max body 161-180 pips; 8 days; average 148 pips max body 181-200 pips; 5 days; average 185 pips max body 201+ pips ; 15 days; average 86 pips max price favours our direction between 8 - 417 pips. if you are looking for...
smilee recommends a 150 pip body for GBP/NZD, but from my backtest you can see 100-140 daily bodies are even better plus a lot more trades......who knows what a body under 100 pips might do??
you always need to do manual backtesting to get down to the details......
Hello.
We are interested in this strategy and are verifying it.
Question.

When you enter over multiple days without hitting tp, do you consider the basket to be only the same currency pair?
Does this include a positive profit on a basket containing another currency pair?
Quoting yonnie
{quote} smilee recommends a 150 pip body for GBP/NZD, but from my backtest you can see 100-140 daily bodies are even better plus a lot more trades......who knows what a body under 100 pips might do?? you always need to do manual backtesting to get down to the details......
Doesn't matter whatever body size you use.
Soon or later things will go wrong and you need to have a resque plan.
So, do you have a plan B ready for that occasion?
You have answered already

Quoting ulle73
{quote} should not this trade have been closed earlier? right away when profit is 0. Like around 139.00? "Most of the trades in 1st entry will close in TP, but if price goes against the trade, we will open additional trades once a day until we close all open trades as a “basket” of trades when sum of money of the basket is positive."
For my mm, i choose not to open additional entry if the close price for the next day just the same level as previous open entry.

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wise man say, only fools rush in
Quoting Merka
{quote} Doesn't matter whatever body size you use. Soon or later things will go wrong and you need to have a resque plan. So, do you have a plan B ready for that occasion?
hi Merka,
you`re talking about 2 different topics here: body size - rescue plan......
body size is important if you want TP`s to be hit within 24 hours of entry as much as possible so you dont need the rescue plan often at all..........

as for the rescue operation when the TP is not hit within 24 hours:
either price goes back to our first entry after 24 hours and we close out the trade @ BE....
OR average in at a certain distance from the first entry, second entry etc until average price is @ BE and close trades....
(this is my way of adding trades; mr. smilee opens a new trade everyday until BE - see post 1)
OR close all trades if 25% of the account is in drawdown (happens only once in a decade according to mr. smilee)
It performs well in the normal market, but how will it perform in the extreme market? Not sure if anyone has posted this before?
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Quoting smilee89
DOS - Daily Open Strategy Works for every major currency pair, based on Daily bars. No indicators or oscillators needed. Based on more than 10 years of history data check. Martingale strategy. Average Down strategy. Most of the trades in 1st entry will close in TP, but if price goes against the trade, we will open additional trades once a day until we close all open trades as a “basket” of trades when sum of money of the basket is positive. Conditions: If difference in pips between Open to Close (or Close to Open) of previous daily closed bar is...
In this scenario:
Attached Image

at candle 1 = sell because the previous candle was green.
at candle 2 = sell because the previous candle was green.
at candle 3 = sell because the previous candle was green.
at candle 4 = sell because the previous candle was green.
at candle 5 = sell because the previous candle was green.
at candle 6 = the previous candle is red.

1- Why didn't you place an order on this last candle (number 6) ?
2- Was it because the candle number 5 was red (different from the previous: green) ?
Quoting TheZenienss
{quote} In this scenario: {image} at candle 1 = sell because the previous candle was green. at candle 2 = sell because the previous candle was green. at candle 3 = sell because the previous candle was green. at candle 4 = sell because the previous candle was green. at candle 5 = sell because the previous candle was green. at candle 6 = the previous candle is red. 1- Why didn't you place an order on this last candle (number 6) ? 2- Was it because the candle number 5 was red (different from the previous: green) ?
easy and I can answer for OP

first SELL based on previous large Green candle.

at the end of the day, price went further up so the SELL was in drawdown. So next day SELL again, then set the TP for all trades to have BE (all traded combined have 0$ gain/loss)

unfortunately, the price went even further up, so at the end of 2nd day, the equity for both trades combined were negative (DD). 3rd day, sell again and reset TP to BE for all trades

On 6th day, price were returning to BE point, the DD was reducing, so keep the whole basket unmodified. No add trade no change TP

Continue until a BE could finally achieve
Quoting tommydoginti
{quote} easy and I can answer for OP first SELL based on previous large Green candle. at the end of the day, price went further up so the SELL was in drawdown. So next day SELL again, then set the TP for all trades to have BE (all traded combined have 0$ gain/loss) unfortunately, the price went even further up, so at the end of 2nd day, the equity for both trades combined were negative (DD). 3rd day, sell again and reset TP to BE for all trades On 6th day, price were returning to BE point, the DD was reducing, so keep the whole basket unmodified....
Sorry. You didn't answer my question.

At opening the candle 6. Would have a SELL or BUY order ???? He didnt open an order, he didnt follow the pattern to open a new order every new day after being in DD.

Here i have another example:

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Quoting TheZenienss
{quote} Sorry. You didn't answer my question. At opening the candle 6. Would have a SELL or BUY order ???? He didnt open an order, he didnt follow the pattern to open a new order every new day after being in DD. Here i have another example: {image}
in a downtrend, another order is only submitted if the last close is lower than the close of the day before........
if today`s close is not lower than yesterday`s close: no new order....
TP hit today GJ.
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