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PipsAccumulator

Quoting vitalii66
Hi bpola, thanks for sharing. Are you considering the tails, or just the body of the candles?
Tails are included in analyzing the daily bars.
Quoting bpola
{quote} Thank you for your beautiful comments and encouragement. My live tests showed me that the methodology is robust enough to handle ranging markets. Moreover, all the major currency pairs will not range at the same moment. There will always be a trending currency pair or security. Moreover I am risking only 1%of my capital per trade,so if any trade ends in a loss I am sute the next trade will make the money back and if not,the next trade or the next trade. Stay Green.
Thanks bpola, I subscribed and keep an eye on the results. Looking forward for the harvest. Have a green day
Quoting bpola
New setups developing on GbpJpy, AudCad, AudJpy, EurAud,EurNzd,GbpNzd,NzdCad,UsdJpy pairs Check these out for potential profitable opportunities. Drop your comments, questions and observation. Stay Safe, Stay Green.
50% profits taken on GbpJpy .Stop Loss moved to breakevenb.
PIPSACUMULATOR in action
Seems quite a simple, straightforward, and effective price action method.

Can you just clarify these conditions for me, no one else has taken any notice of it, so I'm assuming that you mean the high or low of the previous day only.

* Daily bar must form a lower low

* Daily Bar must form a higher high

Thanks for sharing.
Maximize wins, minimize loss, stay in the game as long as you can
Counter-Trend Entry Return This Week: -5.7%
  • Post #25
  • Quote
  • Edited 7:34am Sep 20, 2021 5:40am | Edited 7:34am
Quoting BataviaTrade
{quote} Hi bpola, thanks for sharing. I appreciatie your work. I like the logic. You forgot to include 1 type of market; ranging market. With ema's as indicator you will be slaughtered in a ranging market. How do you deal with this? Happy pipping and best regards. BT
I see he has already answered your question. I think risk management would be the main defense in a ranging market.

Don't forget, 2 things need to happen, the EMA cross and the higher high and lower low. Have you found anywhere this happens repeatedly on a daily chart?

From the few charts, I had a quick look at, there is also the situation of a trending market without the requisite condition if higher high or lower low, so no entry while the market runs away.

Look at a pair like GBPAUD, I don't see any valid short trade entry on the down cross in August, and no valid long trade on the September up cross, but I'm willing to be corrected if you can show it to me.

Good Luck

On edit: I have been looking at all the charts, let me update my thoughts.

In fact, there are 3 things that need to happen, the EMA crossover, the higher high and lower low, and the price to trigger the entry far away at the other end of the daily candle. I have not seen this happen, certainly not repeatedly.

I think you are thinking about the general statement for trading generic moving average crossover systems, yes, the whipsaw will drain you. But this method doesn't enter just on every crossover, certain price action has to happen as well.

Waiting to hear thoughts from OP

Maximize wins, minimize loss, stay in the game as long as you can
Counter-Trend Entry Return This Week: -5.7%
Quoting Erebus
{quote} I see he has already answered your question. I think risk management would be the main defense in a ranging market. Don't forget, 2 things need to happen, the EMA cross and the higher high and lower low. Have you found anywhere this happens repeatedly on a daily chart? From the few charts, I had a quick look at, there is also the situation of a trending market without the requisite condition if higher high or lower low, so no entry while the market runs away. Look at a pair like GBPAUD, I don't see any valid short trade entry on the down...
Thanks for your observations.
Certainly we cannot catch every trend in the market.
However, my live tests have shown that PIPSACUMULATOR Strategy has a 90% chance to generate at least one(1) valid signal from each of the major currency pairs(28) in any given month. Add Gold,silver,wti, you have more than 30 pairs to watch . Some currency pair will generate two vali signals within the same month.
So you always have valid trade setups to trade if you follow the daily charts and watch all 30pairs recommended
Quoting Erebus
{quote} I see he has already answered your question. I think risk management would be the main defense in a ranging market. Don't forget, 2 things need to happen, the EMA cross and the higher high and lower low. Have you found anywhere this happens repeatedly on a daily chart? From the few charts, I had a quick look at, there is also the situation of a trending market without the requisite condition if higher high or lower low, so no entry while the market runs away. Look at a pair like GBPAUD, I don't see any valid short trade entry on the down...
This is the GbpAud Daily Chart for August.
There was no down cross for a short trafe.
There was a valid buy setup on August 13, triggered on August 14 which went on to make 2x risk.
Attached Image (click to enlarge)
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Quoting Erebus
{quote} I see he has already answered your question. I think risk management would be the main defense in a ranging market. Don't forget, 2 things need to happen, the EMA cross and the higher high and lower low. Have you found anywhere this happens repeatedly on a daily chart? From the few charts, I had a quick look at, there is also the situation of a trending market without the requisite condition if higher high or lower low, so no entry while the market runs away. Look at a pair like GBPAUD, I don't see any valid short trade entry on the down...
This is the current GbpAud Daily chart.
There was a down cross late August which we ignore as prices did not form higher high.
Now we have a cross up and price is making Lower lows .A valid buy setup is developing which I will place at the open of the next daily bar.
I think we are spoilt for choice with PIPSACUMULATOR Strategy.
Just follow the model.
Attached Image (click to enlarge)
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First of all, congratulations, really simple, objective methodology, leaves no room for discretion, I follow you, and I'm doing some BTs on Tradingview ... I'm looking forward to more screenshots of your charts.
Quoting bpola
{quote} This is the GbpAud Daily Chart for August. There was no down cross for a short trafe. There was a valid buy setup on August 13, triggered on August 14 which went on to make 2x risk. {image}
Yes, you are right about the August 13 setup, a very close lower low there.

Are these the only charts you use? Do you seriously trade from your phone?

If so, I guess you had to develop a simple strategy.

Looking at GBPAUD now, I think the long setup will not trigger, some huge moves today in many markets.

You have the lower low, but if a long ever triggered way up there, that would be a really wild market.

Could be an interesting week.



Attached Image (click to enlarge)
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Maximize wins, minimize loss, stay in the game as long as you can
Counter-Trend Entry Return This Week: -5.7%
Quoting leleitaly
First of all, congratulations, really simple, objective methodology, leaves no room for discretion, I follow you, and I'm doing some BTs on Tradingview ... I'm looking forward to more screenshots of your charts.
Hello, good to know you're watching. I will be grateful if you can share results of your BT once you have them.
Stay Green.
Slow start to the new week.
I took partial profits on GJ and AJ short trades. Stop loss moved to break even.
I could have netted 1% of account equity today but for a slight error I made while calculating the appropriate lot sizes.
I have corrected the error and hopefully we should start seeing multiple 1% days.

Some new setups are coming up. And I will rework some pending orders tonight.
  • Post #33
  • Quote
  • Edited 6:06pm Sep 20, 2021 5:38pm | Edited 6:06pm
dont think there`s anything wrong with your position sizing of your closed trades........profit has not been calculated properly in trade explorer, unless its a cent account......
This is going to be an unpredictable week until the FMOC on Wednesday. Be careful.
Quoting bpola
Continue to rework your order until market executes your order or the trend changes.
How to "continue to rework your order" ? Should we keep moving the stop order each day until it is either executed or there is a trend change as indicated by the ema's?
Quoting Erebus
{quote} Yes, you are right about the August 13 setup, a very close lower low there. Are these the only charts you use? Do you seriously trade from your phone? If so, I guess you had to develop a simple strategy. Looking at GBPAUD now, I think the long setup will not trigger, some huge moves today in many markets. You have the lower low, but if a long ever triggered way up there, that would be a really wild market. Could be an interesting week. {image}
The entry for this GbpAud setup is about 155 pips away. If the pending buy does not trigger today no problem. I can rework the parameters of the trade if we get a new lower low.

I traded from my computer screens for over 8years.
But I mostly trade from my mobile now. Its more convenient for me. Price data is the same. Whether on my mobile or on a computer screen.

Price action is chaotic. I needed to develop a simple methodology to understand and profit from the chaos. And since I ve found a simple methodology with an efge, I need to keep things simple.

Most of my trading is exclusively from these simple charts.

I tried to optimize PIPSACUMULATOR using other indicators and watching lower time frames but the results did not show any vast improvement.

This is the KISS Method.
Quoting LionCat
{quote} How to "continue to rework your order" ? Should we keep moving the stop order each day until it is either executed or there is a trend change as indicated by the ema's?
Scroll to the top, see the Trade Explorer, the pending orders are there, including prices, for all to see.

Plot those on your chart, that will make it so easy to see the logic.

Also the open orders, you can follow along with those, where they entered, where they are now.

Good Luck
Maximize wins, minimize loss, stay in the game as long as you can
Counter-Trend Entry Return This Week: -5.7%
Quoting LionCat
{quote} How to "continue to rework your order" ? Should we keep moving the stop order each day until it is either executed or there is a trend change as indicated by the ema's?
Yes we need to keep moving the stop order each day until executed or trend changes.

On GbpAud daily chart we have a valid long setup. If the stop order is not executed and today's bar forms a lower low, we will move the stop order 1 PIP above the new daily high.

It's going to be an interesting week with FOMC. So expecting a wild ride.

Stay Green.
I believe SL of EURAUD long trade which is currently running should be 1.6058, not 1.6094 as the low of index bar (3 days ago) is 1.6061.

Regards,
Blackeagle
Looks great and promising. Kudos Bpola.
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