Williams%R, SAR X-over 15 minute candles | Page 333 | Forex Factory

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Williams%R, SAR X-over 15 minute candles

  • #6,641
  • Feb 25, 2025 11:48am Feb 25, 2025 11:48am
Quoting tanyam
{quote} Hi, What is your indicator's settings? Thanks
Indicators and template are from here posted by LiboCop:
https://www.forexfactory.com/thread/...1#post14651781
Renko size is 160. Indicator is from here: https://ovo.cz/products/offline-char...t4/renko-bars/

Channel is 8 EMA high/low. Another settings are visible on chart.

SP
  • #6,642
  • Feb 25, 2025 8:48pm Feb 25, 2025 8:48pm
Quoting SuperPip
{quote} Indicators and template are from here posted by LiboCop: https://www.forexfactory.com/thread/...1#post14651781 Renko size is 160. Indicator is from here: https://ovo.cz/products/offline-char...t4/renko-bars/ Channel is 8 EMA high/low. Another settings are visible on chart. SP
Thank you
  • #6,643
  • Feb 25, 2025 11:15pm Feb 25, 2025 11:15pm
Quoting SuperPip
Trades from yesterday. Got late to train with first trade. {image} SP
Nice clean chart.
Good Trading
  • #6,644
  • Feb 25, 2025 11:58pm Feb 25, 2025 11:58pm
Quoting SuperPip
{quote} Indicators and template are from here posted by LiboCop: https://www.forexfactory.com/thread/...1#post14651781 Renko size is 160. Indicator is from here: https://ovo.cz/products/offline-char...t4/renko-bars/ Channel is 8 EMA high/low. Another settings are visible on chart. SP
Renko size is 160 means: 160 pips or 160 $ bro?
  • #6,645
  • Feb 26, 2025 5:49am Feb 26, 2025 5:49am
Quoting kalimac1
{quote} Renko size is 160 means: 160 pips or 160 $ bro?
It's 160 pips in MT4.
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SP
  • #6,646
  • Feb 26, 2025 10:39am Feb 26, 2025 10:39am
Today was a whipsaw day. 4 wins, 1 BE and 11 loses.
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SP
  • #6,647
  • Feb 27, 2025 5:04am Feb 27, 2025 5:04am
Excuse the crude markup.

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Good Trading
  • #6,648
  • Feb 27, 2025 9:11am Feb 27, 2025 9:11am
Today's mess 2 wins, 2 BE-s, 6 losses.
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SP
  • #6,649
  • Feb 27, 2025 9:38am Feb 27, 2025 9:38am
SuperPip, Got to be honest not sure what you are doing. Taking a lot of trades. Not sure what you are using for you entry rules. I'll be back on Monday or Tuesday, depending on whether I can get my wife out of Dallas quickly or not.
  • #6,650
  • Feb 27, 2025 12:53pm Feb 27, 2025 12:53pm
Quoting rockypoint
SuperPip, Got to be honest not sure what you are doing. Taking a lot of trades. Not sure what you are using for you entry rules. I'll be back on Monday or Tuesday, depending on whether I can get my wife out of Dallas quickly or not.
Dear Rockypoint!

Thank you for your answer!
Just did my analysis for my last four trading days. Main problem was not waiting coming ADX to 25.
Did paper trading and got 83 trades when trading first 4 hours of New York every day.
If I had taken all the trades (MACD signal + ADX 27 starting to rise + Renko Heiken Ashi closing another side of channel),
the statistics would have been like this:
win rate 66%, average win 7.7, average loss 6.7, Kelly criteria 0.36.
I'm going to take all signals properly next days and then let's see.

SP.
  • #6,651
  • Feb 27, 2025 12:59pm Feb 27, 2025 12:59pm
Quoting aud
Excuse the crude markup. {image}
Thank you!
Your picture explains a lot!
SP
  • #6,652
  • Feb 27, 2025 1:05pm Feb 27, 2025 1:05pm
Quoting aud
Excuse the crude markup. {image}
Brilliant. This should be studied
  • #6,653
  • Feb 27, 2025 1:20pm Feb 27, 2025 1:20pm
Quoting SuperPip
{quote} Dear Rockypoint! Thank you for your answer! Just did my analysis for my last four trading days. Main problem was not waiting coming ADX to 25. Did paper trading and got 83 trades when trading first 4 hours of New York every day. If I had taken all the trades (MACD signal + ADX 27 starting to rise + Renko Heiken Ashi closing another side of channel), the statistics would have been like this: win rate 66%, average win 7.7, average loss 6.7, Kelly criteria 0.36. I'm going to take all signals properly next days and then let's see. SP.
Too many trades, too reliant on indicators and not paying attention to price structure. You shouldn't be taking every signal. Take trades when indicators are getting confirmation from PA/Structure. 83 trades in 4 days is 20, per day too much. You need to step back a little and reconsider how you are trading this system. Feel free to PM me next week.
  • #6,654
  • Feb 28, 2025 3:11am Feb 28, 2025 3:11am
Quoting rockypoint
{quote} Too many trades, too reliant on indicators and not paying attention to price structure. You shouldn't be taking every signal. Take trades when indicators are getting confirmation from PA/Structure. 83 trades in 4 days is 20, per day too much. You need to step back a little and reconsider how you are trading this system. Feel free to PM me next week.
Thank you for answering!
This is the cockpit where I'm watching the price action. My issue is I'm not familiar yet with SP500 specific. From your screenshots I see you are trading squeezes and expansions. And when expansion is showing up, you are taking it, because you never know goes it south or not. But you should have some secret sauce for picking the right trades.
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SP
  • #6,655
  • Feb 28, 2025 9:43am Feb 28, 2025 9:43am
aud opened my eyes and refreshed my brain. Less is more. Simple market structure and ADX candles
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  • #6,656
  • Edited 2:11pm Feb 28, 2025 11:09am | Edited 2:11pm
Today's trading: 14 trades, 7 losses, 1 BE, 6 wins. Average win 12.6, average loss -7. Profit 39 ticks.

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Quite happy. Did entries by rules.
Only this situation was a mess, where price was hanging around channel and I was too rush with opening trades.
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Learned from here to wait properly the price closing another side of the channel.

SP
  • #6,657
  • Feb 28, 2025 4:22pm Feb 28, 2025 4:22pm
Dont think we talk about the market structure enough here. AUDs markup elegantly displayed how effective it can be for any systems bottom dollar. However, It's a bit of a subjective topic as everyone's sees market structure different.

For anyone who wants to follow along and use a more objective approach to observing market structure, I highly recommend LuxAlgos free indicator on TradingView called "Pure Price Action Structure". It makes use of some some simple money concepts that are pretty logical. MSS and BOS (solid lines) are basically major trend changes and then you trade the shorter trend changes (dashed lines).

Use Heikin Ashi, EMA tunnel, MACD, and ADX to help confiem entries like Rocky.

Some trades today on NQ M1, all winners.
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  • #6,658
  • Feb 28, 2025 8:50pm Feb 28, 2025 8:50pm
Some BTC fun. Simple win on the first one.

The second trend break signal isnt valid...HA didn't close above and MACD hasnt crossed.. Still waiting.

I like to have the trend break be on the same bar as a MACD cross or right as the move of the macd cross opens. However, the longer it's been crossed and open thekeer your chances of success are imo. It's about capturing momentum at the perfect time during excellent market structure.
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  • #6,659
  • Feb 28, 2025 9:27pm Feb 28, 2025 9:27pm
Anyone know what Rocky's exit criteria is?
  • #6,660
  • Feb 28, 2025 9:41pm Feb 28, 2025 9:41pm
Quoting MachineLearn
Anyone know what Rocky's exit criteria is?
Obviously Rocky is best placed to answer this, but exit is generally set at middle line of the BB.
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