Attached File(s)
Are these trades valid?
I am finding the following challenges:
- TP - too tight
- SL - too tight
- WICK - too small. How long should the wick be minimum? e.g. 2 pips.
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How did my order not get filled? 4 replies
What do Candlestick Wicks Represent? 14 replies
HA smoothed indicator - only body of candlesticks, no wicks 5 replies
What is causing this flat line of wicks? 2 replies
Disliked{quote} Do you use 1% for 15, 1,5% for 30 and 3% risk for 1 hour?Ignored
Disliked{image} {file} Are these trades valid? I am finding the following challenges: TP - too tight SL - too tight WICK - too small. How long should the wick be minimum? e.g. 2 pips.Ignored
Disliked{image} {file} Are these trades valid? I am finding the following challenges: TP - too tight SL - too tight WICK - too small. How long should the wick be minimum? e.g. 2 pips.Ignored
Disliked{quote} i see what you are saying, im not saying wicks are the main element to follow. but does it work? , i sorta wanted to just scrap everything we think we know , only thing that matter is profit, and in no trend candles are meaningless yes, but do we need to care about meaning , the attachment shows a 30 m range on dec 11, and even with a range at 1-1 its still in profit, of course we dont know if they made opposite wicks first , so i dont know if we would have taken the trade but on face value, its 11 wins and 8 losses : 3r in profit , and...Ignored
Disliked{quote} I get what you’re saying, and I’m not disagreeing that higher-timeframe trend direction matters- it obviously does. But the whole point of what I’m testing is whether the simplicity of the wick idea still produces a positive expectancy even without over‑complicating it. Yeah, in a clean H1 trend the probabilities are naturally stacked, but the interesting part for me was that even in a 30m range (Dec 11 example), the raw stats still came out profitable: 11 wins, 8 losses, +3R. And that’s without filtering out the chop, without trend...Ignored
Disliked{quote} yes indeed,, so its been a lot more than 4 days now, and results have been good, now im thinking what about slippage , i didnt have any as it was a demo account ( i didnt see any at least) , ive got no money available until 5th of january , ill put minimum amount in and go live , and share results, also id quite like to add 1 rules that makes it more likely we are taking trades in a trend , so ,,, ideas welcome, but like you said strip everything back, what the simplest way to determine trend
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Disliked{quote} I get what you’re saying, and I’m not disagreeing that higher-timeframe trend direction matters- it obviously does. But the whole point of what I’m testing is whether the simplicity of the wick idea still produces a positive expectancy even without over‑complicating it. Yeah, in a clean H1 trend the probabilities are naturally stacked, but the interesting part for me was that even in a 30m range (Dec 11 example), the raw stats still came out profitable: 11 wins, 8 losses, +3R. And that’s without filtering out the chop, without trend...Ignored
Dislikedat 0.01 lots per £100 , would risk average a few % per trade, its supposed to be 1-1 RR but play it by ear so last 3 days i would have made 20.54% , which is insane i know , but thats what it is {image}Ignored
Disliked{quote} Location, location, location. Wicks, bodies, changes in size and color all reveal information on what's potentially going to happen. Wicks can give clues when a pullback that has been tested several times is running out of supply (be it fear or greed) and a better understanding of pain and pleasure thresholds. You can't tell a story with one word can you?Ignored