I've been impressed with this simple sysytem, it seems to do very well. Nice one Nicotina.
I have come across something that might be interesting to some of you guys, and that is instead of using the hi/lo of the box to determine an entry, just using the 6.00 gmt bar seems to do a very similar job and with increased potential for profit in a lot of cases.
Basically enter on break of 6.00 bar hi/lo, use the same levels for SL. There are a few false signals but there is more profit on the good ones. Just an observation for anyone who might want to check it out.
I've been impressed with this simple sysytem, it seems to do very well. Nice one Nicotina.
I have come across something that might be interesting to some of you guys, and that is instead of using the hi/lo of the box to determine an entry, just using the 6.00 gmt bar seems to do a very similar job and with increased potential for profit in a lot of cases.
Basically enter on break of 6.00 bar hi/lo, use the same levels for SL. There are a few false signals but there is more profit on the good ones. Just an observation for anyone who might want to check it out.
Ignored
It does seem to work good and very easy to go look back with. Thanks!
I've been impressed with this simple sysytem, it seems to do very well. Nice one Nicotina.
I have come across something that might be interesting to some of you guys, and that is instead of using the hi/lo of the box to determine an entry, just using the 6.00 gmt bar seems to do a very similar job and with increased potential for profit in a lot of cases.
Basically enter on break of 6.00 bar hi/lo, use the same levels for SL. There are a few false signals but there is more profit on the good ones. Just an observation for anyone who might want to check it out.
Ignored
I just looked into it, and i belive taking a wider range will filter off the fake signals imo.
I've been impressed with this simple sysytem, it seems to do very well. Nice one Nicotina.
I have come across something that might be interesting to some of you guys, and that is instead of using the hi/lo of the box to determine an entry, just using the 6.00 gmt bar seems to do a very similar job and with increased potential for profit in a lot of cases.
Basically enter on break of 6.00 bar hi/lo, use the same levels for SL. There are a few false signals but there is more profit on the good ones. Just an observation for anyone who might want to check it out.
I was trying to modify, unsuccessfully, the attached indicator to "straddle" the new day period separator. As it is, the indicator won't display from 18:00 through 02:00 as one whole block so I presently set the first time zone from 18:00 to 23:00 and the second from 00:00 to 02:00.
Any ideas to get it to draw just one rectangle? Also you seem to have to input "17:00" for it to take the 18:00 H/L into account... and lastly, it draws a large rectangle on the right of the screen. Please see pic.
I was trying to modify, unsuccessfully, the attached indicator to "straddle" the new day period separator. As it is, the indicator won't display from 18:00 through 02:00 as one whole block so I presently set the first time zone from 18:00 to 23:00 and the second from 00:00 to 02:00.
Any ideas to get it to draw just one rectangle? Also you seem to have to input "17:00" for it to take the 18:00 H/L into account...
Thanx
Ignored
That's the indicator I use.
I don't worry about straddling the whole block.
I set one to 1800 - 1900 and the other to 0000- 0100.
That way it marks the beginning and end of the time window, which is all I need.
You want it to stop on the 0100 hourly bar, because that bar ends at 0200.
I don't think you can trade this if you can't watch the market.
Not because of the 100 TP, but because if you do get stopped out, you're supposed to set your buy or sell stop up again for a second attempt.
If you look back on the charts, this happens frequently and the second trade accounts for a lot of the profits.
The system is not a set and forget.
Ignored
Billbss
Jumped in on this thread and apologies if you have already answered it, but is there any way to alter this method slightly to make it set and forget, (at least while i am at work)? it seems this fits in with my trading style and i dont want to discount it if possible.
Billbss
Jumped in on this thread and apologies if you have already answered it, but is there any way to alter this method slightly to make it set and forget, (at least while i am at work)? it seems this fits in with my trading style and i dont want to discount it if possible.
many thanks
Ignored
harv,
It's not my system and I wouldn't be able to speak about any changes that could be made in it.
Nicotina developed it and may have another version that doesn't require management.
Maybe he will read this and answer.
harv,
It's not my system and I wouldn't be able to speak about any changes that could be made in it.
Nicotina developed it and may have another version that doesn't require management.
Maybe he will read this and answer.
Ignored
Billbss,
many thanks for prompt answer. Trying to find something i can leave through the day, but as relatively simple as this. Hopefully Nicotina will answer.
Harve
The spread is an important factor, but it is not possible for me to include it in the backtest.
The winners are limited to one
Attached there are all the details (trades, profit factor, w/l ratio, drawdown, etc)
Ignored
I have the same problem backtesting with AmiBroker.
What I would do in this case is to set the profit target at 108 (assuming an 8 pip spread) and the SL at 42.
Then I would manually subtract 8 pips from each win and add 8 pips to each loss.
That would give me 100 pips profit for each win and 50 pips loss for each loss.
It would also account for the fact that with an 8 pip spread, price has to travel 108 pips to hit a 100 pip PT and 42 pips to hit a 50 pip SL.
Does that make any sense?
I tried to make time to make a test today and couldn't do it. I'll try this week.
I have the same problem backtesting with AmiBroker.
What I would do in this case is to set the profit target at 108 (assuming an 8 pip spread) and the SL at 42.
Then I would manually subtract 8 pips from each win and add 8 pips to each loss.
That would give me 100 pips profit for each win and 50 pips loss for each loss.
It would also account for the fact that with an 8 pip spread, price has to travel 108 pips to hit a 100 pip PT and 42 pips to hit a 50 pip SL.
Does that make any sense?
I tried to make time to make a test today and couldn't do it. I'll try this week.
