Daily green/red candle | Page 222 | Forex Factory

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Daily green/red candle

  • #4,421
  • Edited 1:39am Jan 29, 2021 1:24am | Edited 1:39am
Quoting dimdel
{quote} hi yonnie try this put 2 orders the 1st TP 161 fibo the 2nd trsl 161 fibo and let profit run in any case you risk total the same % , just split it at 1 or 2 or ...... orders
thank you dimdel for your advice....is your stop loss still at the low of the candle?.......
I see that on the daily you reckon it is better to enter every candle, not green/red change.....so if you have green, green, green, do you take the profit of the first green candle and place new orders on the second green candle or do you let the trade run from the first green candle and add more orders on the second green candle?
  • #4,422
  • Jan 30, 2021 12:42am Jan 30, 2021 12:42am
Quoting yonnie
{quote} thank you dimdel for your advice....is your stop loss still at the low of the candle?....... I see that on the daily you reckon it is better to enter every candle, not green/red change.....so if you have green, green, green, do you take the profit of the first green candle and place new orders on the second green candle or do you let the trade run from the first green candle and add more orders on the second green candle?
yes
at D1 every new candle new order
at H1/H4. prefer every new color
  • #4,423
  • Jan 30, 2021 12:46am Jan 30, 2021 12:46am
Quoting since80808
{quote} Nice to hear that some idea works for such a long time! Now I forward test one more "Next Candle Strategy" so please may I ask some questions? 1. Do you use D1 or H1? 2. Do you use every new candle or color change? 3. What are your 5 pairs? 4. Do you trail a part of position or use 1 position only? Thank you for your ideas and all the best to you anyway!
1). both
2). see previus post
3). the first 6 small spread
4). 2/3 position
  • #4,424
  • Feb 1, 2021 3:31am Feb 1, 2021 3:31am
Hi dimdel and thank you for your attention to my previous questions. As I see, I understood your topic right (because I reread it after 2 years)))
Quoting dimdel
last try with my filter
Is it a commercial part or you can share your filtering idea?
Just an opinion. Based on research
  • #4,425
  • Feb 1, 2021 7:10am Feb 1, 2021 7:10am
Quoting since80808
Hi dimdel and thank you for your attention to my previous questions. As I see, I understood your topic right (because I reread it after 2 years))) {quote} Is it a commercial part or you can share your filtering idea?
Hi
Well , no commercial , no free
  • #4,426
  • Feb 1, 2021 12:34pm Feb 1, 2021 12:34pm
Quoting dimdel
{quote} Hi Well , no commercial , no free
Sorry for my English - it's not my native language. Could you please explain?
Just an opinion. Based on research
  • #4,427
  • Feb 1, 2021 1:00pm Feb 1, 2021 1:00pm
Quoting since80808
{quote} Sorry for my English - it's not my native language. Could you please explain?
I mean my filters are not for sell and also no free
  • #4,428
  • Mar 13, 2021 9:39am Mar 13, 2021 9:39am
I just checked your opinion from 01/01/2020 to 12/03/2021 (by hand because I don't know how to code)
I add MA50 to the chart D1
Sell on the first bearish candlestick below the MA50.
Buy on the first bullish candlestick above MA50.
Move stop loss when fibo 150
USDCHF, UJ, UC, EURCHF, EU, EJ, EG, EC, EA, EN, GBPCHF, GU, GJ, GC, GA, GN, CADCHF, CJ, AUDCHF, AU, AJ, AC, AN, NZDCHF, NU, NJ, NC
Win - loss = 188. if the order rate is 2% => 376% ^^

Have a nice weekend!
  • #4,429
  • Mar 18, 2021 8:58am Mar 18, 2021 8:58am
Quoting quyendo419
I just checked your opinion from 01/01/2020 to 12/03/2021 (by hand because I don't know how to code) I add MA50 to the chart D1 Sell on the first bearish candlestick below the MA50. Buy on the first bullish candlestick above MA50. Move stop loss when fibo 150 USDCHF, UJ, UC, EURCHF, EU, EJ, EG, EC, EA, EN, GBPCHF, GU, GJ, GC, GA, GN, CADCHF, CJ, AUDCHF, AU, AJ, AC, AN, NZDCHF, NU, NJ, NC Win - loss = 188. if the order rate is 2% => 376% ^^ Have a nice weekend!
Hello. Can you tell us more about your modification of this strategy? That is, how did you enter on the tests, at 100 percent Fibo or 110? Have you only used each new candle color or all candles in a row? And so on. If it doesn't bother you, please tell us more. thank
  • #4,430
  • Apr 18, 2021 10:27am Apr 18, 2021 10:27am
I have a similar one. Does anyone want to try it?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ReportTester-5308773.png Size: 7 KB
Click to Enlarge Name: 2021-04-18 232214.png Size: 46 KB
Click to Enlarge Name: 2021-04-18 232638.png Size: 22 KB
Attached File(s)
File Type: ex5 fibo breakout EA 0416-2.ex5   338 KB | 628 downloads
File Type: txt fibo breakout EA 0416-2euruse h3.set.txt   3 KB | 655 downloads
  • #4,431
  • Apr 22, 2021 10:12pm Apr 22, 2021 10:12pm
Quoting iDentist
{quote} Hello. Can you tell us more about your modification of this strategy? That is, how did you enter on the tests, at 100 percent Fibo or 110? Have you only used each new candle color or all candles in a row? And so on. If it doesn't bother you, please tell us more. thank
You can add indicator stoch (21,10,10), 2 levels below 20 are oversold, above 80 is overbought.
buy: first green candle + stoch> = 80
sell: first red candle + stoch <= 20
This reduces the amount but increases the quality of the order.
  • #4,432
  • Apr 27, 2021 2:46pm Apr 27, 2021 2:46pm
Quoting bojack34
Hey Dimdel.....here's a little spin on the Red/Green strategy that I thought about one night. Most people won't look at this twice because of the horrible r:r. Using the Daily Candles trade every time a new color appears but only in the direction of the new color......we will use the Hi/Low of the previous candle as our SL and we will use 1/10 of that as our TP. If yesterdays candle is Green (Long) and then today's daily candle closes Red (Short), then tomorrow I will have a pending order on the Low of todays Red candle.......and if tomorrow the...

I can attempt this on MQL4. Would be good practise as well. Can you write out the rules clearly for me?
Leave the Gun, Take the Armani
  • #4,433
  • Nov 1, 2021 11:58am Nov 1, 2021 11:58am
Quoting dimdel
{quote} I mean my filters are not for sell and also no free
I will start with method a)

is this correct ?

I use the chart result of Math7 written ea. I understood Math7 has wanted to check only where trade should be taken, SL and TP were not in that ea. But I surprise because he is very good and fame for his accuracy how comes his trades landed at wrong candles? He must have not understood something from your strategy at that time

By the way I like to follow from the beginning, but I do forgot something, in this strategy have you changed rules, add more stuffs to the strategy towards the end of the topic, without updating post #1??
Attached Image (click to enlarge)
Click to Enlarge Name: trade RG 1.png Size: 97 KB
  • #4,434
  • Feb 9, 2023 7:30am Feb 9, 2023 7:30am
Quoting quyendo419
I just checked your opinion from 01/01/2020 to 12/03/2021 (by hand because I don't know how to code) I add MA50 to the chart D1 Sell on the first bearish candlestick below the MA50. Buy on the first bullish candlestick above MA50. Move stop loss when fibo 150 USDCHF, UJ, UC, EURCHF, EU, EJ, EG, EC, EA, EN, GBPCHF, GU, GJ, GC, GA, GN, CADCHF, CJ, AUDCHF, AU, AJ, AC, AN, NZDCHF, NU, NJ, NC Win - loss = 188. if the order rate is 2% => 376% ^^ Have a nice weekend!
Hello, can you please put chart examples? thank you
  • #4,435
  • Feb 14, 2023 11:59am Feb 14, 2023 11:59am
Quoting Erebus
{quote} ABSOLUTELY CORRECT as I just posted, the EA can be your guide but your ultimate goal is to recognize PRICE ACTION someone asked about trend filter, try this, it's a Non Lag Moving Average, set to 1 for Exponential and I use 40 period on this chart of course you will miss the very tops and bottoms, but the rest will be great trading with big trends {image} {file}
The most underrated post in ages
  • #4,436
  • Mar 6, 2023 6:19am Mar 6, 2023 6:19am
hi there
i wish you all for the best profits
  • #4,437
  • Mar 10, 2023 11:49am Mar 10, 2023 11:49am
Anyone using this strategy in every new green/red candle?
  • #4,438
  • Mar 25, 2023 2:52am Mar 25, 2023 2:52am
Quoting Altafini
{quote} The most underrated post in ages
The most underrated quote in ages
  • #4,439
  • Apr 27, 2023 10:36am Apr 27, 2023 10:36am
Hi Dimdel,

I read till page 40 more or less. Thanks for sharing this system!

I'm about to start demoing it.
Do I have to know something specific that is written in the
remaining 41-222 pages?

Thanks in advance!
  • #4,440
  • May 3, 2023 12:25pm May 3, 2023 12:25pm
hi
-define the MM
-split the RR with 2 orders
-the second order let run with TrSL

GOOD LUCK...
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