{quote} Where did you find that TPOT v2? I have not been very active lately but just checked Scot's YT and nothing there.
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He definitely released v2 sometime recently. I'm not in the paid community so dont know what was in the update though. Still working on coding a bit using the free stuff that has come out a d discussed through this thread
{quote} He definitely released v2 sometime recently. I'm not in the paid community so dont know what was in the update though. Still working on coding a bit using the free stuff that has come out a d discussed through this thread
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Well, I am not in the paid group either. Anyway, are you coding it in pineScript or Pyhton?
{quote} Well, I am not in the paid group either. Anyway, are you coding it in pineScript or Pyhton?
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Neither, mql4.
I'm sure someone said rarlier in the thread that they also coded the strategy but I dont know what language they used or if they did it right as they never shared it or posted results.
I have some decent looking results from it but strike rate less than suggested by Scott but i think that will be due to a couple factors.
1. Im not finished. My entires arent exactly the way they should be, particularly around inside bars.
2. I have not implemented the 4H momentum filter.
3. My tests to date include trading news days
4. General trader discretion and other risk management ideas like no more than 2 losses a day etc.
That said, current version of code for EU across 2023 gives;
488 trades, 27.5% win rate but max drawdown is almmost 30% and it looks like the strategy made its profits from June to October.
{quote} Neither, mql4. I'm sure someone said rarlier in the thread that they also coded the strategy but I dont know what language they used or if they did it right as they never shared it or posted results. I have some decent looking results from it but strike rate less than suggested by Scott but i think that will be due to a couple factors. 1. Im not finished. My entires arent exactly the way they should be, particularly around inside bars. 2. I have not implemented the 4H momentum filter. 3. My tests to date include trading news days 4. General...
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Keep up the good work and keep us in the loop. I'd love to know what you got at the end.
I still think there is a material worth looking into in this TPOT strategy. Although, I've altered it a bit for myself.
On the ICMarkets EURUSD chart, I have taken the below trades today, February 21st 2024.
Can someone please review and comment if the trade is valid according to the rules?
4H Long term trend (momentum) is bearish
Directional Bias (SFT) is bullish.
1st trade (1% risk) is with the Directional Bias (SFT), so bullish
2nd trade (1% risk) is with the longer term trend, so bearish
Attached 4H chart, 15M Chart of 1st trade in London KZ, 15M chart of 2nd trade in NY KZ
Would appreciate any input.
On the ICMarkets EURUSD chart, I have taken the below trades today, February 21st 2024. Can someone please review and comment if the trade is valid according to the rules? 4H Long term trend (momentum) is bearish Directional Bias (SFT) is bullish. 1st trade (1% risk) is with the Directional Bias (SFT), so bullish 2nd trade (1% risk) is with the longer term trend, so bearish Attached 4H chart, 15M Chart of 1st trade in London KZ, 15M chart of 2nd trade in NY KZ Would appreciate any input. {image} {image} {image}
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On the Buy position I think you marked your 4H range wrong.. I marked NFT/UNC/NFT so I wouldn't take it
On the Sell position however, you marked your 15m range wrong. See the white rectangle.
It's hard to tell what time NY starts for you, but I think it is at 8:00. The very first candle took most recent 15m fractal High and was followed by 3 consecutive inside bars. Next candle took the 15m range high and that would have been a sell position entry by the rules. See the notes on my screen shot why I wouldn't take sell position.
Whatever I say take with a grain of salt, because I am not a professional trader; I don't know this strategy @ 100% because probably not all of it is shared for free on the net, and I am not affiliated with Evolution Market so I have no idea what they are looking at when taking positions. Just sharing my thought process.
On the ICMarkets EURUSD chart, I have taken the below trades today, February 21st 2024. Can someone please review and comment if the trade is valid according to the rules? 4H Long term trend (momentum) is bearish Directional Bias (SFT) is bullish. 1st trade (1% risk) is with the Directional Bias (SFT), so bullish 2nd trade (1% risk) is with the longer term trend, so bearish Attached 4H chart, 15M Chart of 1st trade in London KZ, 15M chart of 2nd trade in NY KZ Would appreciate any input. {image} {image} {image}
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I agree with Klavi6a that your 4H range was wrong. I marked the same as klavi6a but on my broker it made SFT so the buy trade was valid in my view and i had that position (closed early before fomc mintues though).
Regarding the sell, again like Klavi6a said you marked the range wrong however since entries can be based on an internal fractal sweep also it doesn't matter as the trade was still valid if you wanted to take it.
Also i have NY starting 2 candles later so for me it wouldnt be valid due to that but i haven't tested changing my KZ times yet.
What you need to understand about marking the range is that you only update the range when the range is broken.
See my chart here for example. I have marked the previous 4H range and the subsequent one (note that price is now breaking that range now too). See how all the internal fractals are to be ignored, you do not need to update the range based on these.
Hope that makes sense
Thank you for the input @klavi6a. Really appreciate it.
Looks like my 15M range was indeed wrong for the sell position.
And I shouldn't be selling with SFT
- But looking at your 4H chart and NFT/UNC/NFT remark. Shouldn't you be looking at the most recent 4H fractal interaction? See screenshot of the 4H
I based my SFT on the latest 4H fractal that was breached.
Thank you for the input @klavi6a. Really appreciate it. Looks like my 15M range was indeed wrong for the sell position. And I shouldn't be selling with SFT - But looking at your 4H chart and NFT/UNC/NFT remark. Shouldn't you be looking at the most recent 4H fractal interaction? See screenshot of the 4H I based my SFT on the latest 4H fractal that was breached. {image}
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I want to point something to you.... like SiscoM92 said - "... entries can be based on an internal fractal sweep..." is a tricky matter, because if your KZ starts at 8:30 and 15m fractal is swept @ 8:15 that is not a valid trade. But if your KZ starts @ 8:00 - then it is. The thing is the 15m sweep has to happen inside the KZ, otherwise entry is invalidated, but the trade idea is still valid, meaning that a) if you have 15m fractal swept before KZ and range sweep during KZ you can still enter or b) if another 15m fractal within the 15m range is made and swept during KZ you can enter.
Thank you for the input @klavi6a. Really appreciate it. Looks like my 15M range was indeed wrong for the sell position. And I shouldn't be selling with SFT - But looking at your 4H chart and NFT/UNC/NFT remark. Shouldn't you be looking at the most recent 4H fractal interaction? See screenshot of the 4H I based my SFT on the latest 4H fractal that was breached. {image}
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im 90% sure it should be based on the range broken, not simply the most recent fractal but I'll have to go back and double check
{quote} im 90% sure it should be based on the range broken, not simply the most recent fractal but I'll have to go back and double check
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You should be 99.99% sure.
I had the same brain-fart issue when I first came across TPOT.
There is a very knowledgeable guy here @nitethinker that knows this strategy and this thread like the back of his hand. He is a great guy and gave me the exact posts and info.
Again, I, you, and all of us not being in the paid EM group this is how we interpret 4H interactions. And again, I've seen Scott marking the internal 4H interactions for a unknown to us reason.
I've checked again now and i was right. Its the interaction with the previous dealing range, not any internal fractal.
If you have seen an example against this please share.
is this thread dead? there is an updated version of the TPOT strategy, a version 2.. does anyone have an info about it? and how it differs from the TPOT version 1?
Version 2 focuses on aligning 4H and 15m direction. If 4H bullish, look for bullish setups when 15m is bullish and same for bearish bias. It doesn't focus on premium / discount. Time frame alignment is key. Entry model differs also.
Version 2 focuses on aligning 4H and 15m direction. If 4H bullish, look for bullish setups when 15m is bullish and same for bearish bias. It doesn't focus on premium / discount. Time frame alignment is key. Entry model differs also.
