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my own contribution

  • #1
  • First Post: Nov 21, 2007 7:58am Nov 21, 2007 7:58am
hello pls i need some guys who are ready to make some pips (atleast 50pips). yes i mean every bit of it. but you have to be ready to work.
i was introduced to this indicator called fractals last week and since then, i have been backtesting it on all time frames (1min excluded).
i started backtesting on 5mins,15mins, 30mins, 1hr, 4hr, daily and weekly charts and have discovered some interesting stuffs.
  • #2
  • Nov 21, 2007 8:01am Nov 21, 2007 8:01am
what do you have?
  • #3
  • Nov 21, 2007 8:27am Nov 21, 2007 8:27am
Quoting myonlyzzz
what do you have?
MR I HAVE A LOT
Now to the real thing.
i have discovered that the use of this fractals can generate atleast 50pips (am not kidding). though i will need some hands when it comes to programming.
using fractals on 5min charts wilol give you some pips(abt7pips) but you will eventually be burned out (wat stploss can you use for a target of 7pips?)
using it on 15mins chart will give you better pips than that of the 5mins but its still not good enof.
same as 30mins and 1hr chatrs.
But on the 4hr and daily charts, you are gauranteed of making atleast 50pips! ok
HOW DO WE GO?
This fractals am talking about isnt new, just that am new using it. go to indicators and click on bill williams there you will see the fractals steering you in the face!
place the fractals on your chart (4hr or daily) and (here is where you have to be patient) wait for it to give you the signal to either buy or sell.
if the fractals is pointing up, then thats a signal to sell.
if the fractals is pointing down, then thats a signal to buy.
you are to wait for the arrow to appear before placing your trades!. i am not with my laptop now i would have attached to this some backtested charts but i will still do so.
i will like you guys to backtest this and lets put this indicator into something we can all benefit from.only yesterday, it moved 100pips exactly on USD/JPY in aa couple of 2 candlesticks! more to come.regards.




i know the value of a pip!
  • #4
  • Edited 9:32am Nov 21, 2007 9:19am | Edited 9:32am
Fractals shows up at least after 2 more bars.. so there is a delay.. so how do you detect false signal?
  • #5
  • Nov 21, 2007 9:22am Nov 21, 2007 9:22am
Quoting hefhem911
MR I HAVE A LOT
Now to the real thing.
i have discovered that the use of this fractals can generate atleast 50pips (am not kidding). though i will need some hands when it comes to programming.
using fractals on 5min charts wilol give you some pips(abt7pips) but you will eventually be burned out (wat stploss can you use for a target of 7pips?)
using it on 15mins chart will give you better pips than that of the 5mins but its still not good enof.
same as 30mins and 1hr chatrs.
But on the 4hr and daily charts, you are gauranteed of making atleast 50pips! ok
HOW DO WE GO?
This fractals am talking about isnt new, just that am new using it. go to indicators and click on bill williams there you will see the fractals steering you in the face!
place the fractals on your chart (4hr or daily) and (here is where you have to be patient) wait for it to give you the signal to either buy or sell.
if the fractals is pointing up, then thats a signal to sell.
if the fractals is pointing down, then thats a signal to buy.
you are to wait for the arrow to appear before placing your trades!. i am not with my laptop now i would have attached to this some backtested charts but i will still do so.
i will like you guys to backtest this and lets put this indicator into something we can all benefit from.only yesterday, it moved 100pips exactly on USD/JPY in aa couple of 2 candlesticks! more to come.regards.




i know the value of a pip!
The arrow appears before the fractal is actually completed.
If you are looking back on charts, you cannot be sure where you had an arrow and where you didn't. The arrow may come and go until the 5th bar is actually completed.
You must have, at least, 5 completed bars before the fractal arrow is valid.

Diallist presented this same system using daily bars. he used an MT4 standard MACD as a filter. The MACD had to be increasing before a buy and decreasing before a sell. It screens out a lot of losers.
  • #6
  • Nov 21, 2007 9:41am Nov 21, 2007 9:41am
Quoting billbss
The arrow appears before the fractal is actually completed.
If you are looking back on charts, you cannot be sure where you had an arrow and where you didn't. The arrow may come and go until the 5th bar is actually completed.
You must have, at least, 5 completed bars before the fractal arrow is valid.

Diallist presented this same system using daily bars. he used an MT4 standard MACD as a filter. The MACD had to be increasing before a buy and decreasing before a sell. It screens out a lot of losers.
ok but can you pls look at USD/CAD on 4hrs time frame and see what am talking about? now you are saying that i ll have to wait for 5 candles to form b4 placing either a buy or sell, but i said i placed my trade immediately the fractals showed up and now am in a profit of over 80pips! i entered at 0.9777 and used a trailing stop of 25pips and you can see for yourself what am talking about.
  • #7
  • Nov 21, 2007 9:59am Nov 21, 2007 9:59am
Quoting billbss
The arrow appears before the fractal is actually completed.
If you are looking back on charts, you cannot be sure where you had an arrow and where you didn't. The arrow may come and go until the 5th bar is actually completed.
You must have, at least, 5 completed bars before the fractal arrow is valid.

Diallist presented this same system using daily bars. he used an MT4 standard MACD as a filter. The MACD had to be increasing before a buy and decreasing before a sell. It screens out a lot of losers.
ok but have you noticed that once the arrow appears and you follow the signal(on 4hrs chart), you will not be easily burned out. assuming you have an expert advisor designed using the fractals, that it shld place a trade for you using 50pips stoploss, 35pips trailing stop, and no take profit. you should know what you would have made by now trading only one full lot on GBP/USD(2.0698), EUR/USD(1.4855), GBP/JPY(228.29), AUD/USD(0.8832). The values in bracket are what should have been your entry price if you have a robot trading the fractals for you. am not trying to sell any robot here as i dont even have one (i was introduced to this fractals not more than 2weeks ago). am just trying to see what guys can come up with and how we can all develop this fractals so all can benefit. thanks.
  • #8
  • Nov 21, 2007 10:09am Nov 21, 2007 10:09am
Quoting hefhem911
ok but have you noticed that once the arrow appears and you follow the signal(on 4hrs chart), you will not be easily burned out. assuming you have an expert advisor designed using the fractals, that it shld place a trade for you using 50pips stoploss, 35pips trailing stop, and no take profit. you should know what you would have made by now trading only one full lot on GBP/USD(2.0698), EUR/USD(1.4855), GBP/JPY(228.29), AUD/USD(0.8832). The values in bracket are what should have been your entry price if you have a robot trading the fractals for you. am not trying to sell any robot here as i dont even have one (i was introduced to this fractals not more than 2weeks ago). am just trying to see what guys can come up with and how we can all develop this fractals so all can benefit. thanks.

That was my point.
You cannot look at a chart and see whether you would have made money or not once the arrow appeared.
The arrow appears and reappears as the 5 bar pattern completes.
  • #9
  • Nov 21, 2007 11:08am Nov 21, 2007 11:08am
Bettter than fractals is the use of the DeMark/Mouteki trend lines. Works on any timeframe, especially with the trend. Search the forum for details, such as "Mouteki".

Quoting billbss
That was my point.
You cannot look at a chart and see whether you would have made money or not once the arrow appeared.
The arrow appears and reappears as the 5 bar pattern completes.
"Loss and failure are inevitable but misery is optional"
  • #10
  • Nov 21, 2007 11:11am Nov 21, 2007 11:11am
Quoting carmel
Bettter than fractals is the use of the DeMark/Mouteki trend lines. Works on any timeframe, especially with the trend. Search the forum for details, such as "Mouteki".
I know about TD Trendlines. I used them before Mouteki ever heard of them:-)
  • #11
  • Nov 22, 2007 2:44am Nov 22, 2007 2:44am
Quoting billbss
That was my point.
You cannot look at a chart and see whether you would have made money or not once the arrow appeared.
The arrow appears and reappears as the 5 bar pattern completes.
ok what do you mean by the five candle sequence you kept talking about? can you pls give me the sequence maybe we can make something out of it? but i still believe that once the arrow appears and you place your trade, there are 85% chances of you making atleast 50pips. i used the arrow yesterday on GBP/USD while sending my last post with a trailing stop of 25points and now, when i log on to my acct (northfinance.com) it had retraced but the trailing stop helped me secured some pips (217pips). i took 0.5lots. i will appreciate it if you can send me the sequence. regards. N.B. i will post my charts next week as i said am not with a system now but will be getting one next week monday.
  • #12
  • Edited 6:38am Nov 22, 2007 6:26am | Edited 6:38am
Quoting hefhem911
i still believe that once the arrow appears and you place your trade, there are 85% chances of you making atleast 50pips
Can you post a image of how you trade please? If i do the way i understand what you say i see tons of false trades so i probably understand wrong.
But if you say enter at the breakout of the last fractal in the same way as the arrow, then i can see that it may be possible to end up in profit over time if you use good money management but i am not sure that is what you say and anyway to talk about 85% hitrate....? I guess you are talking about something completely different so a pic would be nice thanks

Arctic4x
  • #13
  • Nov 22, 2007 7:24am Nov 22, 2007 7:24am
Quoting Arctic4x
Can you post a image of how you trade please? If i do the way i understand what you say i see tons of false trades so i probably understand wrong.
But if you say enter at the breakout of the last fractal in the same way as the arrow, then i can see that it may be possible to end up in profit over time if you use good money management but i am not sure that is what you say and anyway to talk about 85% hitrate....? I guess you are talking about something completely different so a pic would be nice thanks

Arctic4x
Arctic, i believe that he enters in the opposite direction of the arrow
Liberate me ex inferis
  • #14
  • Nov 22, 2007 8:16am Nov 22, 2007 8:16am
if the arrow points down, you buy and vice versa
  • #15
  • Nov 22, 2007 9:06am Nov 22, 2007 9:06am
Quoting hefhem911
ok what do you mean by the five candle sequence you kept talking about? can you pls give me the sequence maybe we can make something out of it? but i still believe that once the arrow appears and you place your trade, there are 85% chances of you making atleast 50pips. i used the arrow yesterday on GBP/USD while sending my last post with a trailing stop of 25points and now, when i log on to my acct (northfinance.com) it had retraced but the trailing stop helped me secured some pips (217pips). i took 0.5lots. i will appreciate it if you can send me the sequence. regards. N.B. i will post my charts next week as i said am not with a system now but will be getting one next week monday.
To have a completed fractal (arrow), it requires at least 5 bars.
This indicator considers a fractal as a bar who's high has two lower highs to it's left and two lower highs to it's right- that's 5 completed bars.
OR
A bar who's low has two higher lows to its left and two higher lows to it's right- that is also 5 completed bars.

Let's say there is a bar with two lower highs to it's left and one lower high to it's right.

As soon as the 5th bar begins to form, the arrow appears as long as price has remained below the middle bar's high.

The arrow does not become permanent until that 5th bar has completed. It may appear as the 5th bar is being formed and then go away.

If you are looking back on a chart, there will be buys and sells that would wind up losing that have no arrows and you won't see them.

If you don't understand this, put up a 1M chart with the fractal indicator. You will see what I mean as you watch it in real time.
  • #16
  • Nov 22, 2007 10:21am Nov 22, 2007 10:21am
Quoting Ronyn76
Arctic, i believe that he enters in the opposite direction of the arrow
Quoting hefhem911
if the arrow points down, you buy and vice versa
Ok. I see. Thanks.
I will have a look at it.

Arctic4x
  • #17
  • Mar 30, 2009 4:26pm Mar 30, 2009 4:26pm
Thank you Hefhem911, that is a good scalping strategy. One can make a thousand pips in a day from it depending on market volatility.

Its a nice one.
thanks for sharing.
EVERY PIP COUNTS!
  • #18
  • Last Post: Mar 30, 2009 4:45pm Mar 30, 2009 4:45pm
good, just remember - it repaints a big time - pict you see looking back wasn't there in real time, and what was - doesn't there any more;
same as look back and ask (blame) yourself: how come you didn't enter here - on very top or very bottom...
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