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Tease Me more @cpfleger

  • #5,521
  • Edited 10:41am Mar 10, 2024 10:03am | Edited 10:41am
Quoting Mike3108
{quote} Hello my friend I try to see how to make your strategy highly profitable Use 2 TF logic Higher TF trend direction and lower TF follow higher TF trend direction but trades will be against current TF trend direction but in direction of higher TF trend. ================================================= If you are using MA line as filter than no need 2 TF logic. ================================================= Than add 2 signal logic Example If higher TF 5 min show 3rd candle entry signal do not open trade Wait in 1 min TF to show to 3rd candle...
Thanks Mike3108 for your insights, I'll try it next week.
It is true that it modifies several rules that are used here, but I think it is a valid way of operating and that I imagine you have already tried successfully, since you enter only in favor of the trend.
By the way, in which TF do you recommend your strategy?
Saludos, K.
  • #5,522
  • Mar 10, 2024 10:32am Mar 10, 2024 10:32am
Quoting Mike3108
{quote} Yes my friend that what I want to say, You are smart to get to right point very fast.
Thank you.
  • #5,523
  • Mar 10, 2024 10:34am Mar 10, 2024 10:34am
Quoting xinitial
{quote} Yes, in my experience of following what you teach me so far, switching tf when trading may lead to confusion and more consideration for makind decision. xinitial.
I think we are mixing concepts.
Mike3108 is not trying to change the system, nor is he saying that we should constantly move from TF.
He is telling us that seeing our system, and under his experience, it would operate like this, because he considers it safer to make sections only in favor of the trend.
Example:
I operate in M1.
I put M5 and when I close the 3rd candle in the same direction, I return to M1 which is where I operate and on the third candle in the same direction as M5 I shoot.
I imagine that a good option would be to have the 2 graphics at the same time on half the screen.
Saludos, K.
  • #5,524
  • Mar 10, 2024 10:44am Mar 10, 2024 10:44am
Quoting Kraneos
{quote} I think we are mixing concepts. Mike3108 is not trying to change the system, nor is he saying that we should constantly move from TF. He is telling us that seeing our system, and under his experience, it would operate like this, because he considers it safer to make sections only in favor of the trend. Example: I operate in M1. I put M5 and when I close the 3rd candle in the same direction, I return to M1 which is where I operate and on the third candle in the same direction as M5 I shoot. I imagine that a good option would be to have the...
Yes you are right my friend
I never change anything in your system

I add 1 filter which will help to have high win rate with same Logic because I can say system is very good only 1 point was bothering me DD
That's why i give 1st step was Hedging to control DD

This step is same your system and your Logic using higher TF for direction and than enter in smaller TF

Benefit of doing this

#1 trend direction confirm in higher TF with your system
#2 In smaller TF your SL will have less pips trade size will become bigger
#3 Risk will be same
#4 Profits will increase because you can close at same place when you were going to close 15 min TF trade.
#5 your loosing trades will reduce as well 2 X
#6 Your profits will increase 3 - 4 times.

If you feel it is not good IDEA please do not use it.
  • #5,525
  • Mar 10, 2024 11:00am Mar 10, 2024 11:00am
Quoting Mike3108
{quote} Yes you are right my friend I never change anything in your system I add 1 filter which will help to have high win rate with same Logic because I can say system is very good only 1 point was bothering me DD That's why i give 1st step was Hedging to control DD This step is same your system and your Logic using higher TF for direction and than enter in smaller TF Benefit of doing this #1 trend direction confirm in higher TF with your system #2 In smaller TF your SL will have less pips trade size will become bigger #3 Risk will be same #4 Profits...
Yes, dd is always a problem, but the systems in this thread carry part of KOF's dna for good and bad, but with the coverage you explained it can help.
Saludos, K.
  • #5,526
  • Mar 10, 2024 11:18am Mar 10, 2024 11:18am
Quoting cpfleger
Food For Thought Firstly, as stated in yesterday's screenprints, the bottom supporting Indicators define the directional Bias when trading on one TF (5M). Once the Market changes the direction, the Histogram Bars and RSI Line cross and change direction to reflect the Market (I do not the 15M Chart to tell me this factoid). In my opinion, the present K System works well. The Arrows on the Main Chart support this change in direction and then the Renko Scalp Line with the White Square give the entry point. There is no need to add another Chart (15M)...
I think you've all seen that once you practice and understand our system for a while, it works well .
Saludos, K.
  • #5,527
  • Mar 10, 2024 11:24am Mar 10, 2024 11:24am
Quoting xinitial
{quote} Thank you.
welcome my friend
  • #5,528
  • Mar 10, 2024 2:31pm Mar 10, 2024 2:31pm
If you're going to use 2 time frames then you might find an indicator like Global Crosshairs useful.

Attached File(s)
File Type: ex4 Global_Crosshairs.ex4   11 KB | 322 downloads


There are many others out there that do the same thing.
  • #5,529
  • Mar 10, 2024 2:52pm Mar 10, 2024 2:52pm
Or AnyCandle Indicator as we discussed weeks ago.
Attached Image (click to enlarge)
Click to Enlarge Name: Trades.jpg Size: 240 KB
  • #5,530
  • Mar 10, 2024 3:30pm Mar 10, 2024 3:30pm
[quote=cpfleger;14788873]Or AnyCandle Indicator as we discussed weeks ago. {image}[/quote

Yes that works too but for 2 x different renko brick sizes Global Crosshairs (or similar) is useful.
  • #5,531
  • Edited 5:14pm Mar 10, 2024 4:13pm | Edited 5:14pm
Quoting cpfleger
Or AnyCandle Indicator as we discussed weeks ago. {image}
Yes, it is an indicator that I included in the template and many have stopped using it and it can be very useful, for example, to know whether to continue with the operation at a glance.
You can put 1 just to see your top TF instead of 3 like I put it in the template.
If it bothers you near the candles, you can separate it like in C.'s photo, at the distance and size you want.
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (2453).png Size: 5 KB

This is another utility that many are unaware of.
You can put all the previous candles that you want to see better what happened in M5.
Here you can see the 3 previous M5 candles to have an overview.
Simply change the timeshift setting to 1,2,3, etc.
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (2456).png Size: 31 KB
Saludos, K.
  • #5,532
  • Mar 10, 2024 5:27pm Mar 10, 2024 5:27pm
Kraneos,

As you explained over the previous weeks, the any candle Indicator is a good indicator BUT I do not believe in higher TF Analysis as it does not align with my vertical alignment theory BUT I have tested anycandle at 1 TF lower and it works better for me.
cpfleger
  • #5,533
  • Mar 10, 2024 5:50pm Mar 10, 2024 5:50pm
Here you have an alternative to the snake.
Try it and tell me what you think.
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (2461).png Size: 57 KB

Attached File(s)
File Type: ex4 SnakeForce+.ex4   5 KB | 285 downloads
Saludos, K.
  • #5,534
  • Mar 10, 2024 6:42pm Mar 10, 2024 6:42pm
Quoting Kraneos
{quote} Yes, it is an indicator that I included in the template and many have stopped using it and it can be very useful, for example, to know whether to continue with the operation at a glance. You can put 1 just to see your top TF instead of 3 like I put it in the template. If it bothers you near the candles, you can separate it like in C.'s photo, at the distance and size you want. {image} This is another utility that many are unaware of. You can put all the previous candles that you want to see better what happened in M5. Here you can see the...
Just wanted to add that instead of adding 3 anycandle indicators for the same different timeframe you want to view (5 min for example) you can simply use AnyCandleGroup, that indicator automatically puts the last 3 candles of the TF you choose
  • #5,535
  • Mar 10, 2024 6:49pm Mar 10, 2024 6:49pm
Quoting roanfox
{quote} Just wanted to add that instead of adding 3 anycandle indicators for the same different timeframe you want to view (5 min for example) you can simply use AnyCandleGroup, that indicator automatically puts the last 3 candles of the TF you choose
Thanks Roanfox.
Normally I don't use the indicator as C. says, but it was so that whoever uses it knows about it.
Saludos, K.
  • #5,536
  • Mar 10, 2024 8:23pm Mar 10, 2024 8:23pm
Quoting Kraneos
{quote} I think we are mixing concepts. Mike3108 is not trying to change the system, nor is he saying that we should constantly move from TF. He is telling us that seeing our system, and under his experience, it would operate like this, because he considers it safer to make sections only in favor of the trend. Example: I operate in M1. I put M5 and when I close the 3rd candle in the same direction, I return to M1 which is where I operate and on the third candle in the same direction as M5 I shoot. I imagine that a good option would be to have the...
In theory I understand what Mike and you mean. I tried several times with 2 tf analisys, it make me confuse haha. I think I am still a noob for this multiple tf thing.
But, It is interesting to study for gain knowledge.
xinitial.
  • #5,537
  • Mar 11, 2024 1:48am Mar 11, 2024 1:48am
This is also a possibility if you want to see the bigger picture quickly

Attached Image (click to enlarge)
Click to Enlarge Name: GER40.aM5 110324.png Size: 28 KB


Attached File(s)
File Type: mq4 Recent Candles (1).mq4   37 KB | 329 downloads
  • #5,538
  • Mar 11, 2024 8:01am Mar 11, 2024 8:01am
Hi Kraneos, i know you are a very successful trader in tf1, I have been practicing trading with your template for a while, may I ask you a question?

When I saw the spike and sr, I thought it was a rebounce so then I opened the order, but the price continued and reached a higher level. I see in post 5192, you opened a buy order at 11:27, then closed it immediately when you see the price continued to move down, but at 12:01 you opened buy order but did not close it immediately when the price went down (closed at 12 :43).

What did you rely on to know that the price will not continue to go down and will rebound later?
  • #5,539
  • Mar 11, 2024 10:48am Mar 11, 2024 10:48am
Quoting khoaphan96
Hi Kraneos, i know you are a very successful trader in tf1, I have been practicing trading with your template for a while, may I ask you a question? When I saw the spike and sr, I thought it was a rebounce so then I opened the order, but the price continued and reached a higher level. I see in post 5192, you opened a buy order at 11:27, then closed it immediately when you see the price continued to move down, but at 12:01 you opened buy order but did not close it immediately when the price went down (closed at 12 :43). What did you rely on to know...
I'm sorry, I think I did these operations in the office and I don't keep photos there and honestly I don't remember them either.
Saludos, K.
  • #5,540
  • Mar 11, 2024 11:29am Mar 11, 2024 11:29am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 34 KB

Hi Kraneos, can you help me ?
I loaded your EA Buy_Sell_Trade v.3 but I'm not able to see these operating buttons.
I tested all the corners, sub windows and X and Y distances, but nothing changes,
What can I do to use it?
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