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

  • #541
  • Nov 17, 2020 1:48pm Nov 17, 2020 1:48pm
Quoting howard
{quote} Here you are {file}
Many thanks!

PC
Less is more...
  • #542
  • Nov 17, 2020 4:07pm Nov 17, 2020 4:07pm
Quoting yonnie
{quote} hi mr. smilee, I think you got the wrong trades - I was talking about the 2 trades on April 27 and May 1st....... thank you for your explanation.....for me I prefer to know how far the pair can rise or fall and plan my scaling in accordingly not only to limit drawdown, but profit from the reversal that follows........
You can see those trades in the screenshot as well.
  • #543
  • Nov 17, 2020 10:48pm Nov 17, 2020 10:48pm
hey mr. smilee,
did you ever do a backtest on weekly and monthly TF?
  • #544
  • Nov 18, 2020 1:29am Nov 18, 2020 1:29am
Quoting yonnie
hey mr. smilee, did you ever do a backtest on weekly and monthly TF?
I did.
No added value.
  • #545
  • Nov 18, 2020 4:18am Nov 18, 2020 4:18am
My only active trade for today. How about you?

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  • #546
  • Nov 18, 2020 6:02am Nov 18, 2020 6:02am
TP hit on GBPCAD and GBPAUD.

GBPAUD were not below 4 pip spread until 00:20 and GBPCAD had to wait until 01:01 before opening trade.

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  • #547
  • Nov 18, 2020 5:13pm Nov 18, 2020 5:13pm
E/N anybody?
  • #548
  • Nov 19, 2020 12:10am Nov 19, 2020 12:10am
Quoting yonnie
E/N anybody?
I saw the up signal some hours, that's is before the close of yesterday's session but I was feeling sleepy and I couldn't take the trade
I placed a pending order few minutes ago, but with only 21 pips target, let's see how it plays out later
  • #549
  • Nov 19, 2020 4:19pm Nov 19, 2020 4:19pm
Quoting Ican2020
{quote} I saw the up signal some hours, that's is before the close of yesterday's session but I was feeling sleepy and I couldn't take the trade I placed a pending order few minutes ago, but with only 21 pips target, let's see how it plays out later
TP hit
  • #550
  • Nov 19, 2020 8:02pm Nov 19, 2020 8:02pm
I try looking at weekly TF

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wise man say, only fools rush in
  • #551
  • Nov 19, 2020 8:31pm Nov 19, 2020 8:31pm
One more day pass without any new trade =/

Attached Image
  • #552
  • Edited 9:02pm Nov 19, 2020 8:43pm | Edited 9:02pm
Quoting eastrader
I try looking at weekly TF {image}
I asked mr. smilee in post 543 about weekly and monthly TF, but according to him there is no value there.....
a pity though, because if price runs in the wrong direction, your number of trades would be lot less and probably so would be your drawdown.....dont know if he tested all 28 pairs on the weekly and monthly TF though.....

often the 1 day body is not large enough.- what about taking the bodies of 2 days???.......have to see what happens then.......
  • #553
  • Nov 20, 2020 10:49am Nov 20, 2020 10:49am
[quote = yonnie; 13273420] {quote} Ho chiesto a mr. smilee nel post 543 sul TF settimanale e mensile, ma secondo lui non c'è valore lì ..... un peccato però, perché se il prezzo va nella direzione sbagliata, il tuo numero di scambi sarebbe molto inferiore e probabilmente lo sarebbe il tuo prelievo ..... non so se ha testato tutte le 28 coppie sul TF settimanale e mensile però ..... spesso il corpo di 1 giorno non è abbastanza grande. - che ne dici di prendere i corpi di 2 giorni ???. ...... devo vedere cosa succede poi ....... [/ quote]

Indeed... Sometimes the sum of consecutive candles may achieve the value of 110 or 130 pips and may be interesting to catch an opportunity to trade. But in my personal opinion, it needs always a stop loss or an inversion pattern or another strategy of hedging to compensate for the current loss. There are cases of very long trends without any retracement or inversion and the exposition may increase until to be dangerous.
  • #554
  • Edited 2:28pm Nov 20, 2020 11:34am | Edited 2:28pm
agree with you flashpaul......Drawdown: the big elephant in the room....If you trade 1 pair, you might hit the 25% drawdown once every 10 years..........certainly not trading the 28 pairs........every effort should be on minimizing drawdown OR stop averaging in and employing a complimentary strategy when price runs away........
  • #555
  • Nov 20, 2020 2:03pm Nov 20, 2020 2:03pm
Quoting TheZenienss
One more day pass without any new trade =/ {image}
Yes quiet week, only 2 trades for me. May we have bigger bodies next week
  • #556
  • Nov 21, 2020 10:17pm Nov 21, 2020 10:17pm
Quoting yonnie
agree with you flashpaul......Drawdown: the big elephant in the room....If you trade 1 pair, you might hit the 25% drawdown once every 10 years..........certainly not trading the 28 pairs........every effort should be on minimizing drawdown OR stop averaging in and employing a complimentary strategy when price runs away........
These are just general considerations. It is necessary to state the facts:
How big is your account?
What leverage does your broker provide?
What volume in batches does one of your stores have.
How many pairs do you trade at the same time.
Which couples have a higher risk and which couples have a lower risk.
How did you come to the fact that you drew 25% in 10 years.
How to change the rules of this system to reduce the risk.
Please excuse the bad English via Google Translate.
  • #557
  • Nov 22, 2020 1:01am Nov 22, 2020 1:01am
when you see an awesome idea you gotta give credit where credit is due , thank you mr smilee for this cool idea first and for most.

cant you just use 110 body size candle and 20 pips tp because when you reduce the body size you get into bad trade and consequently you will blow your account ,

the only problem i have with your strategy is my capital is very low and trading .01 aint gonna cut it , i try to use hard stops and take profits and when i lose one day i will double down another day and when i lose again i will triple down, what do you think mr smilee?
  • #558
  • Nov 22, 2020 1:25am Nov 22, 2020 1:25am
there is a high chance of wining with this strategy ,
for example if we use 50sl and 25tp , than if we lose we will increase our leverage in another day with another currency pair , we will double down every time , i think this is mmore rewarding than basket trading a bit ore risky but a lot more rewarding for small accounts
  • #559
  • Nov 25, 2020 12:00am Nov 25, 2020 12:00am
GA TP hit
Stay green!!!
  • #560
  • Edited 4:50am Nov 25, 2020 1:56am | Edited 4:50am
GJ in average down (2nd trade)
GA TP hit today.

Edit : GJ TP hit now.
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