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A simple strategy with no indicators

  • #321
  • Edited 7:38pm Aug 24, 2010 6:27am | Edited 7:38pm
Quoting finally
Do you think this set-up wins more than 50% of the time?
no finally, the set-up I described does not work that way.

4H E/U one year back test results:
----------
Initial deposit 10000.00
Total net profit 19574.55
Profit factor 2.22

Total trades 248
Profit trades (% of total) 56 (22.58%)
Loss trades (% of total) 192 (77.42%)

Largest
profit trade 2159.00
loss trade -120.86

Average
profit trade 635.69
loss trade -83.46
----------

The set-up stops out losing positions at a small loss, and retains positions that are winning.

The general idea is at...

http://www.forexfactory.com/showthread.php?t=245149

...but substitute Ashraf candle signals for entry.


Edit: removes two lines of confusing test data
  • #322
  • Sep 23, 2010 1:42pm Sep 23, 2010 1:42pm
Quoting devogel
Yes, still playing with it, but ignoring a couple of the system rules. Use daily and 4H. Change money management to floating equity, and move the stops on winning positions.

Too soon to assess results. no TP is a long term strategy. Looks promising.

Here's a long, interesting read:

http://www.forexfactory.com/showthread.php?t=245149

whats the latest on this ?


what results have you had with ashrafs system ?
  • #323
  • Sep 23, 2010 1:51pm Sep 23, 2010 1:51pm
Quoting TNfxtrader
Interesting method ashraf999 Thanks for posting. I'm backtesting your system before throwing money at it but it seems very good. I like KISS systems!

how well have you been doing with ashrafs system ?
  • #324
  • Sep 23, 2010 1:53pm Sep 23, 2010 1:53pm
Quoting cmac0351
I will keep everyone posted on my results with this system. BTW, I am using FXCM, and my daily candles close at 5PM EST, which I believe is 10PM GMT.

how much of a success have you had with ashrafs system ?
  • #325
  • Sep 24, 2010 1:04am Sep 24, 2010 1:04am
Quoting devogel
no finally, the set-up I described does not work that way.

4H E/U one year back test results:
----------
Initial deposit 10000.00
Total net profit 19574.55
Profit factor 2.22

Total trades 248
Profit trades (% of total) 56 (22.58%)
Loss trades (% of total) 192 (77.42%)

Largest
profit trade 2159.00
loss trade -120.86

Average
profit trade 635.69
loss trade -83.46
----------

The set-up stops out losing positions at a small loss, and retains positions that are winning.

The general idea is at...

http://www.forexfactory.com/showthread.php?t=245149...
That is a good thread, thanks devogel
  • #326
  • Jul 23, 2014 6:06pm Jul 23, 2014 6:06pm
What happened to this thread ?
  • #327
  • Jul 24, 2014 12:57am Jul 24, 2014 12:57am
i think its a great strategy,i have to start testing it in live .
regards
fred
  • #328
  • Jul 24, 2014 7:32am Jul 24, 2014 7:32am
i think this thread has not updated anymore
this are the thing i can't do without faith
  • #329
  • Sep 25, 2014 8:56pm Sep 25, 2014 8:56pm
Quoting ashraf999
Hello all, This is another simple strategy that I am currently using. You only look at the last 3 daily candles of any pair. Trends are insignificant in this strategy The rules are simply as follows: For going long: 1- Body of the latest Daily candle is greater than body of the previous 2 daily candles 2- Previous daily candle must be bearish 3- Close of latest candle is more than close of the previous candle 4- Take profit for next candle at the psychological levels: 50 & 00 For going short: 1- Body of the latest Daily candle is greater than body...
Hi, Thanks for the strategy. Is it possible to apply on other timeframe , such as H1 ?
  • #330
  • Apr 7, 2015 9:11am Apr 7, 2015 9:11am
thanks for ashraf999

I think, The combination of these strategies with sentiment index, give good results.
be healthy and wealthy... Ceeport
  • #331
  • Edited 1:08pm Aug 11, 2024 6:53am | Edited 1:08pm
hello everyone. is this thread still active?
scalping with this simple strategy with camarilla is also a good one. time frame H1.
but we have a candle formation wherein the first two bars up and the current is down with big body but not close below low of first bullish bar.
and we have calculated the body size in pips. if we add the two bullish bars = 17 pips and the body of the third bar is 19 pips. therefore we have big body.
but still we need confirmation after the big body or the 3rd bar because price did not close below low of first bar.
with camarilla levels price of the 3rd bar touched the sell zone with rejection that is why we have 3rd bar with long wick above.
this set up was in the exact rule with 3rd bar has a big body.
after the 4th bar close we enter the market (sell) with target profit L3 of camarilla level.
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then... profit target hit L3 camarilla level
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and currently hit L4 Level as of 12/08/2024
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pair: BTC
timeframe: H1
order: short /sell
trading method: scalping
risk: 0.5% (up to ~2.0%) of account balance
stoploss: camarilla level H3
lotsize: as calculated with risk and stoploss
target profit: camarilla levels L3,L4,L5,L6

executed entry as shown in image
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  • #332
  • Edited Aug 12, 2024 8:35am Aug 11, 2024 5:23pm | Edited Aug 12, 2024 8:35am
DAILY ON Btc
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with camarilla H1. ok. note: camarilla range after the daily formation is wide. we wait for narrow and rejection at sell zone. target L3,L4,L5,L6.
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its all yours
tp follow the rule
  • #333
  • Aug 12, 2024 5:53am Aug 12, 2024 5:53am
GOLD 2 days ago
DAILY
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H1 with camarilla level. note: for entry use narrow channel of camarilla only. not wide range
as shown in image
the set up at rejection with narrow camarilla buy zone
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rISK: 0.5 to 2.0%
use stoploss L4
TP: camarilla H3, H4, H5 H6
  • #334
  • Aug 12, 2024 9:10am Aug 12, 2024 9:10am
weekly on the left side <---> daily on the right side
what do you observe of the candles marked with numbers?
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  • #335
  • Edited 6:01am Aug 13, 2024 5:42am | Edited 6:01am
follow up update in H1 BTC with camarilla, hence we have weekly taken the sell side liquidity, and as to daily we have the set up 3rd bar with big body size.
the question is , which trend we go? or what order type are we going to execute?
we have narrow after two days ago formed the set up with big body.
sell at sell zone with camarilla.
if still a narrow in H1, do again the sell entry at sell zone H3(H4) or sell zone below L4 for another sell entry.
TP? you may follow the rules or make your own rules. or you may target the recent swing low of daily or the close of the bar has the recent swing low.
stoploss in H1 at H4.
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  • #336
  • Aug 13, 2024 5:59am Aug 13, 2024 5:59am
Quoting ashraf999
{quote} See this example. The last candle in the box is not engulfing the previous candle. Yet it qualifies to be a signal as per the criteria of this strategy {image}
in this set up as long as the body is big than the previous two bars, even if not close above previous highs, still a valid set up.
  • #337
  • Edited 7:56am Aug 13, 2024 6:42am | Edited 7:56am
i concluded that the set up is concrete if we use other confluence to avoid false signals. because some valid set ups are resulted in a loss,
if we are using swing trading, you can use stoch in daily and camarilla in H1. use only narrow range levels.

for scalping, you can use stoch again (5,3,3) for entry and exit at overbought or oversold vice versa.
stochastic at oversold with the setup BUY, and stochastic overbought with the setup SELL.
with camarilla levels for the target profit. and make sure its narrow day. because this is the day where the manipulation and sometimes distribution occurs.

we have signals as an example.
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i used stoch 5,3,3 and divergences to filter out the concrete signals in order to avoid bad trades.
  • #338
  • Edited 8:17am Aug 13, 2024 8:02am | Edited 8:17am
scalping in H1 with the following:
1. divergence
2. the setup signal in narrow day (SELL)
3. tp as shown in image.
and WIN.
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what if theres no divergence?
if the setup occurs in narrow and it is likely to happen with stochastic then go for it.

and my apology to everyone , especially to the author of this thread for violating the thread name by mixing other confluences.
it is up to the eyes of others to use it or make it more concrete by adding some tools with their trading.
good luck to everyone. hope you have learned something.
  • #339
  • Sep 15, 2024 3:39am Sep 15, 2024 3:39am
Quoting ashraf999
Hello all, This is another simple strategy that I am currently using. You only look at the last 3 daily candles of any pair. Trends are insignificant in this strategy The rules are simply as follows: For going long: 1- Body of the latest Daily candle is greater than body of the previous 2 daily candles 2- Previous daily candle must be bearish 3- Close of latest candle is more than close of the previous candle 4- Take profit for next candle at the psychological levels: 50 & 00 For going short: 1- Body of the latest Daily candle is greater than body...
Greetings to all experts and experienced traders.
anyone who can help me understand what do ashraf mean by psychological levels: 50 & 00???
thank you.
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  • #340
  • Sep 15, 2024 3:43am Sep 15, 2024 3:43am
Quoting Stochaster
{quote} Greetings to all experts and experienced traders. anyone who can help me understand what do ashraf mean by psychological levels: 50 & 00??? thank you. {image}
00 = whole level
50 = half level
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