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Opening price US30

  • #501
  • Mar 24, 2021 12:47pm Mar 24, 2021 12:47pm
I like this strategy and I think with a good RR it can be really profitable.

I've been experimenting with different approaches to the RR and think there are a number of ways to do this, which one is best will need some more forward testing.

One way I've been testing is using 50% of the total hi/low and setting a 1:1 RR so far this has hit TP almost every time.

Another way is it use ADR % as the SL & TP. This is something I'm still working on and needs more work. Like using perhaps 50% of the ADR as SL with a minimum of 1:1. I'm not a fan of the current inverted RR and 1:1 would be the minimum RR to use, preferably 1:2 if its possible.

I also won't open any position if by the time we about to set the pending orders and the ADR is over 50% for the day.

I think with some smart approach to the RR this can be a very good and simple profitable strategy.
Truth is like poetry. And most people f*cking hate poetry.
  • #502
  • Mar 24, 2021 1:06pm Mar 24, 2021 1:06pm
hey mrdfx

do you think this strategy could have potential as an EA

blam

Quoting mrdfx
I like this strategy and I think with a good RR it can be really profitable. I've been experimenting with different approaches to the RR and think there are a number of ways to do this, which one is best will need some more forward testing. One way I've been testing is using 50% of the total hi/low and setting a 1:1 RR so far this has hit TP almost every time. Another way is it use ADR % as the SL & TP. This is something I'm still working on and needs more work. Like using perhaps 50% of the ADR as SL with a minimum of 1:1. I'm not a fan of the...
  • #503
  • Mar 24, 2021 1:28pm Mar 24, 2021 1:28pm
Quoting mrdfx
I like this strategy and I think with a good RR it can be really profitable. I've been experimenting with different approaches to the RR and think there are a number of ways to do this, which one is best will need some more forward testing. One way I've been testing is using 50% of the total hi/low and setting a 1:1 RR so far this has hit TP almost every time. Another way is it use ADR % as the SL & TP. This is something I'm still working on and needs more work. Like using perhaps 50% of the ADR as SL with a minimum of 1:1. I'm not a fan of the...
This is what we need. Just think and do the tests. Thank you very much
  • #504
  • Mar 24, 2021 1:34pm Mar 24, 2021 1:34pm
Quoting blamshakk
hey mrdfx do you think this strategy could have potential as an EA blam {quote}
Friend the method is so simple ...

just place pending orders.

See that I have a VPS that the broker Valutrades gives me

I usually leave my ESIKE Experts( # post 01) on the graph of my VPS activated, so from anywhere on the phone I can look at the low and high and place the pending orders ...

I don't need to do anything else ,,, because when you activate the Esike input on the VPS, it will put the TP and STOP.

We don't need an EA to place these entries.

We just need patience and nothing else.
  • #505
  • Mar 24, 2021 1:41pm Mar 24, 2021 1:41pm
Quoting forex1x8
{quote} Friend the method is so simple ... just place pending orders. See that I have a VPS that the broker Valutrades does not give ... I usually leave my ESIKE Experts on the graph of my VPS activated, so from anywhere on the phone I can look at the low and high and place the pending orders ... I don't need to do anything else ,,, because when you activate the Esike input on the VPS, it will put the TP and STOP. We don't need an EA to place these entries. We just need patience and nothing else.

ESIKE is a very powerful tool,set and walk away,the only harm to your acct is its human input if you make an error,its really good.
  • #506
  • Mar 24, 2021 4:44pm Mar 24, 2021 4:44pm
Good night friends.
In pursuit of satisfactory (Risk X Reward) 1x3
For greater security in operations, as 20 pips of Stop Loss can be very short, I leave below two suggestions for configuring the Experts Esike found in # post 01.

1st configuration suggestion image 01

33 pips of STOP LOSS
100 pips of TP
42 protection pips

2nd image configuration suggestion 02

50 pips of STOP LOSS
150 pips of TP
42 protection pips
Attached Images
  • #507
  • Mar 24, 2021 5:12pm Mar 24, 2021 5:12pm
Quoting forex1x8
Good night friends. In pursuit of satisfactory (Risk X Reward) 1x3 For greater security in operations, as 20 pips of Stop Loss can be very short, I leave below two suggestions for configuring the Experts Esike found in # post 01. 1st configuration suggestion image 01 33 pips of STOP LOSS 100 pips of TP 42 protection pips 2nd image configuration suggestion 02 50 pips of STOP LOSS 150 pips of TP 42 protection pips {image} {image}
I think the 100P TP is easily achievable the question lays with the SL. A bit more work to do!
Attached Image
Stay green!!!
  • #508
  • Mar 24, 2021 6:13pm Mar 24, 2021 6:13pm
Quoting mrdfx
I like this strategy and I think with a good RR it can be really profitable. I've been experimenting with different approaches to the RR and think there are a number of ways to do this, which one is best will need some more forward testing. One way I've been testing is using 50% of the total hi/low and setting a 1:1 RR so far this has hit TP almost every time. Another way is it use ADR % as the SL & TP. This is something I'm still working on and needs more work. Like using perhaps 50% of the ADR as SL with a minimum of 1:1. I'm not a fan of the...
Now, before I start. I must confess that unfortunately I have no coding or mathematical skills hence me asking:
Is there anyway that we could have a similar tool as ADR....sort of speak that would calculate retracement..? Can we explore this proposition or is it to far fetch...?
I have seen your skills first hand in a few of your threads, anything there that we could use? Many thanks
Stay green!!!
  • #509
  • Mar 24, 2021 6:37pm Mar 24, 2021 6:37pm
Quoting Froggy
{quote} I think the 100P TP is easily achievable the question lays with the SL. A bit more work to do! {image}
Friend agree with you. Really the biggest difficulty is the stop loss. The only thing I ask my friends is that we don't make the topic complicated. Let's keep the system simple .... I have a very particular opinion that the market is dynamic, we will take STOP LOSS. As the market is dynamic and I believe that we will not always maintain the standard. There are days when we will need 50 pips or 100 pips of stop loss and other days only 20 pips. THE MOST IMPORTANT IS EACH OPERATOR CREATE A STANDARD AND WE WIN IN PROBABILITY. 2 FULL WINDS IN THE WEEK WITH 1X3
  • #510
  • Mar 24, 2021 6:48pm Mar 24, 2021 6:48pm
Quoting forex1x8
{quote} Friend agree with you. Really the biggest difficulty is the stop loss. The only thing I ask my friends is that we don't make the topic complicated. Let's keep the system simple .... I have a very particular opinion that the market is dynamic, we will take STOP LOSS. As the market is dynamic and I believe that we will not always maintain the standard. There are days when we will need 50 pips or 100 pips of stop loss and other days only 20 pips. THE MOST IMPORTANT IS EACH OPERATOR CREATE A STANDARD AND WE WIN IN PROBABILITY. 2 FULL WINDS IN...
Yes, agreed! I like you I am not interested with indicators (example below) however, if we had an idea of retracement it would provide us with a better probability of winners don't you think? I won't mention it again it is your thread and your method and I respect that.

Anyway, I'll be testing 1x3 from now.
Attached Image (click to enlarge)
Click to Enlarge Name: ba97047265b84d938d54a39229d3dfba.png Size: 36 KB
Stay green!!!
  • #511
  • Mar 24, 2021 7:17pm Mar 24, 2021 7:17pm
Quoting Froggy
{quote} Yes, agreed! I like you I am not interested with indicators (example below) however, if we had an idea of retracement it would provide us with a better probability of winners don't you think? I won't mention it again it is your thread and your method and I respect that. Anyway, I'll be testing 1x3 from now. {image}
excuse me

this is of no use
  • #512
  • Mar 25, 2021 1:48am Mar 25, 2021 1:48am
Quoting mrdfx
I like this strategy and I think with a good RR it can be really profitable. I've been experimenting with different approaches to the RR and think there are a number of ways to do this, which one is best will need some more forward testing. One way I've been testing is using 50% of the total hi/low and setting a 1:1 RR so far this has hit TP almost every time. Another way is it use ADR % as the SL & TP. This is something I'm still working on and needs more work. Like using perhaps 50% of the ADR as SL with a minimum of 1:1. I'm not a fan of the...
This is a good idea. I have been trying this too. I have set up my FIB tool on mt4 accordingly. I am trying few other things. If the results are decent I will post them.
  • #513
  • Mar 25, 2021 3:04am Mar 25, 2021 3:04am
The only thing I don't know about Esike EA is does it only operate after a buy stop or sell stop has been activated. I can not always be at my screen at NY open time in order to set the stop order and it would be ideal if I could find an EA that could set the stop at the appropriate time and level.

Love this method, I believe it is less open to stop hunting by the big players due to it being linked to the actual stock market action.
  • #514
  • Mar 25, 2021 3:53am Mar 25, 2021 3:53am
Since Iam trading on demo, I will go from now on with two orders each (2 buy pending and 2 sell pending)

One is goin for a 1:1 RR, 50p SL and 50p TP, risk 2%, Breakeven +2 at 35p.
The other one will be a 1:3 RR, 25p SL and 75p TP, risk 2%, , Breakeven +2 at 40p.

Just trying
  • #515
  • Mar 25, 2021 4:36am Mar 25, 2021 4:36am
Quoting Mr.Marvin
Since Iam trading on demo, I will go from now on with two orders each (2 buy pending and 2 sell pending) One is goin for a 1:1 RR, 50p SL and 50p TP, risk 2%, Breakeven +2 at 35p. The other one will be a 1:3 RR, 25p SL and 75p TP, risk 2%, , Breakeven +2 at 40p. Just trying
Friend Mr Marvin See this configuration, placing 20 pips in "Trail Activation", can be the solution to our problems. What will happen in practice? As I said, the 1st M01 candle that breaks the high or low, it is usually 20 to 35 pips. Therefore, by placing 20 pips in "Trail Activation", as soon as the price reaches 20 pips of Profit, the stop loss that in this example starts with 49.40 pips, goes to 20 pips.
Attached Image
  • #516
  • Mar 25, 2021 4:42am Mar 25, 2021 4:42am
Quoting forex1x8
{quote} Friend Mr Marvin See this configuration, placing 20 pips in "Trail Activation", can be the solution to our problems. What will happen in practice? As I said, the 1st M01 candle that breaks the high or low, it is usually 20 to 35 pips. Therefore, by placing 20 pips in "Trail Activation", as soon as the price reaches 20 pips of Profit, the stop loss that in this example starts with 49.40 pips, goes to 20 pips. {image}
Good one!!!
Will set up the trailing

Cheers mate!
  • #517
  • Mar 25, 2021 4:56am Mar 25, 2021 4:56am
Can anyone here please point me towards a decent ADR indicator I lost all my indicators when my computer crashed a while ago and looking on FF has been a mission and all I have found seem to be out of date.

Many thanks
  • #518
  • Mar 25, 2021 4:58am Mar 25, 2021 4:58am
Quoting LarryK
Can anyone here please point me towards a decent ADR indicator I lost all my indicators when my computer crashed a while ago and looking on FF has been a mission and all I have found seem to be out of date. Many thanks
# post 188
  • #519
  • Mar 25, 2021 5:09am Mar 25, 2021 5:09am
Quoting LarryK
Can anyone here please point me towards a decent ADR indicator I lost all my indicators when my computer crashed a while ago and looking on FF has been a mission and all I have found seem to be out of date. Many thanks

There you go

Attached File(s)
File Type: ex4 ADR_v2.ex4   11 KB | 216 downloads
  • #520
  • Mar 25, 2021 5:10am Mar 25, 2021 5:10am
Quoting forex1x8
{quote} # post 188
Thank you
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