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Gann Hilo DMI System

  • #81
  • Dec 10, 2007 5:15am Dec 10, 2007 5:15am
Thanks for your clarification billbss (can I treat you has Bill?)

Logic will get you from A to B. Imagination will take you everywhere.
  • #82
  • Dec 10, 2007 5:18am Dec 10, 2007 5:18am
Here is an example of a rare event, where you could safely put trade after a bar with more than 90 pips from open to close.
Attached Image (click to enlarge)
Click to Enlarge Name: gann hilo example 100 pips bar.JPG Size: 126 KB
Logic will get you from A to B. Imagination will take you everywhere.
  • #83
  • Dec 10, 2007 7:53am Dec 10, 2007 7:53am
Good Morning Masmp FX!

I need some help...I am now confused as to how to trade this system. Several posts back, for backtesting, you apparently abandoned the QQE indicator. Are we to discard this indicator? I have used this indicator in the past and have found it useful as a strength indicator. But, since you are so successful with this strategy, I want to be sure I am emulating your methodology.

Ok, then we are replacing the QQE with the Damiani Signal/Noise Trade indicator? How do we incorporate the use of this indicator?

I don't understand how you chose the particular price bar in this example? I understand your avoidance of the bar that exceeds 100 pips, but I don't understand why you entered when you did. Could you please elaborate for me?

Thanks so much for all your help...you are providing a great opportunity for all the rest of us!

Bob in Wisconsin
  • #84
  • Dec 10, 2007 8:18am Dec 10, 2007 8:18am
Quoting Bobcat2
Good Morning Masmp FX!

I need some help...I am now confused as to how to trade this system. Several posts back, for backtesting, you apparently abandoned the QQE indicator. Are we to discard this indicator? I have used this indicator in the past and have found it useful as a strength indicator. But, since you are so successful with this strategy, I want to be sure I am emulating your methodology.

Ok, then we are replacing the QQE with the Damiani Signal/Noise Trade indicator? How do we incorporate the use of this indicator?

I don't understand how you chose the particular price bar in this example? I understand your avoidance of the bar that exceeds 100 pips, but I don't understand why you entered when you did. Could you please elaborate for me?

Thanks so much for all your help...you are providing a great opportunity for all the rest of us!

Bob in Wisconsin
Hi.

don't discard QQE yet, I just don't like it much because it makes me enter too late on some trades, and many times price is falling like a rock and QQE indicated long, I was testing Damiani, with good results but give me some time to test it a little more.

I entered on the bar with a blue arrow, because price almost touched gann hilo, and price was rejected and went down after that, and if it breached the gann hilo, I would have a small loss, instead of a big loss on the 100 pips candle.

I hope I've answered all your questions
Logic will get you from A to B. Imagination will take you everywhere.
  • #85
  • Dec 10, 2007 9:02am Dec 10, 2007 9:02am
Quoting Masmp_FX
Here is an example of a rare event, where you could safely put trade after a bar with more than 90 pips from open to close.
and also:

Quoting Masmp_FX
and a candle with more than 90 pips from close to open, don't trade it, because you have 90% chances it will retrace back.
instead of not trading this bar, why not always enter at the break of the high/low of the prior bar and immediately give it a profit target of say 70-80 pips. If it indeed moves that far that quickly and if the likelyhood of a retrace after such a large movement within a bar is indeed that high, you'd have played this breakout bar well and you will very likely get a new entry a few bars further down the line.

If the breakout bar doesn't reach the the profit target, then adjust the profit target and stops per your current system at the open of the next bar.

Just an idea...

Ohka
  • #86
  • Dec 10, 2007 10:29pm Dec 10, 2007 10:29pm
Quoting Masmp_FX
Hi, the trade the you have marked in the picture is wrong, DMI is signalling a short signal, and gann hilo long, so all indicators don't agree as result no trade, but after that one you have a nice short trade with a lot of pips, The times of the progress Journal are right by Interbank FX, I think their time is GMT +1, and the spread is not counted, as soon as it gets the 75 pips.
But right now I was testing with different settings letting the profits run a little longer not killing them with my trailing stop to soon, but thats is a little more aggressive approach, that increase profits when you catch a good month, and increases losses when you face a ranging month, I will post the results for this year when I have them ready.

PS. I recommend you to use IBFX data feed, because I tried it once in other MT4 data feed, and because some brokers put a larger spread and invent spikes where they never existed, you may get different signals from other brokers data feed, changing the results too.

Gracias
Thanks for your help.

The arrow place in the picture (NorthFinance) was just to show you that had differences between brokers.

In the following picture you can see that the trade is stoped by the TrailingStop. Do you entry again in the same trade?

Greetings
Attached Image (click to enlarge)
Click to Enlarge Name: hilo_reentry_01.jpg Size: 294 KB
  • #87
  • Dec 10, 2007 10:40pm Dec 10, 2007 10:40pm
Hi.

Somebody knows any indicator with alarm for the cross of the price and the "Gann HiLo"?

Thanks.
  • #88
  • Dec 11, 2007 3:27pm Dec 11, 2007 3:27pm
Quoting Kfx
Thanks for your help.

The arrow place in the picture (NorthFinance) was just to show you that had differences between brokers.

In the following picture you can see that the trade is stoped by the TrailingStop. Do you entry again in the same trade?

Greetings
Hi, sorry for my late answer.

Yes, I would enter again if the next candle after my stop loss closed below stop loss candle, and all conditions must agree.
Logic will get you from A to B. Imagination will take you everywhere.
  • #89
  • Dec 11, 2007 3:43pm Dec 11, 2007 3:43pm
Quoting Ohka
and also:



instead of not trading this bar, why not always enter at the break of the high/low of the prior bar and immediately give it a profit target of say 70-80 pips. If it indeed moves that far that quickly and if the likelyhood of a retrace after such a large movement within a bar is indeed that high, you'd have played this breakout bar well and you will very likely get a new entry a few bars further down the line.

If the breakout bar doesn't reach the the profit target, then adjust the profit target and stops per your current system at the open of the next bar.

Just an idea...

Ohka
Hi Ohka, sorry for the late answer.

I'm currently working on the system, including those bars, I'm not going to exclude them in the future, for that I'm reworking the stop loss by the gann hilo line, so that stop losses leave enough place for the trade to breathe, and are not exaggerated, on those 100 pips candles it will have a bigger stop loss, I have a lot of work to do on it, relax once I have work done I will post any updates.
Logic will get you from A to B. Imagination will take you everywhere.
  • #90
  • Dec 12, 2007 9:05am Dec 12, 2007 9:05am
Hi,

Here is and update that I did on the stop loss.

How to set stop loss?
Measure from the setup bar close to the gann hilo line below that bar, and give it an extra 25 pips, if you catch a stop loss with more than 100 pips, my solution, is to increase the stop loss, and decrease the position size with the following formula.

Examle,

Max risk 3000€, witch equals to a 5 lot trade (30€ pip) with 100 pips stop loss

for example a 150 pips stop loss;

3000/150=20 (20€pip) this way, you can trade more risky trades with a larger stop loss, without needing to lose more because that.

My previous rule was to not trade those bars with more than 90 pips, but there were some trades that I could miss because of it, (on of them 1000 Pips)

I personally think that its better to win half the money, than win nothing, or have a loss in a case that a stop loss was to tight.
Logic will get you from A to B. Imagination will take you everywhere.
  • #91
  • Dec 12, 2007 9:15am Dec 12, 2007 9:15am
Quoting Masmp_FX
Here is an example of a rare event, where you could safely put trade after a bar with more than 90 pips from open to close.
Ignore this post,

I don't know why but I cant edit it, so just ignore it
Logic will get you from A to B. Imagination will take you everywhere.
  • #92
  • Dec 12, 2007 10:05am Dec 12, 2007 10:05am
Effective yet very simple method.
Thanks a lot.
Regards
  • #93
  • Dec 12, 2007 11:04pm Dec 12, 2007 11:04pm
i take a trade 1 hour ago after get the short signal. Just a try, because i know the London is not start yet. i enter after the blue line DMI cross down 20 line, eventhough the price already below the gann line. So far it's ok and give me green pips..
Attached Image
  • #94
  • Dec 13, 2007 1:36am Dec 13, 2007 1:36am
For short trades, according to the rules (-DMI) the red line should be above 20 line which in this case it has been.

At the time of writing trade is +120 pips in profit.
Regards
  • #95
  • Dec 14, 2007 2:07am Dec 14, 2007 2:07am
Here is short trade. The idea i post the trade because i just want to know whether it follow the rules or not..

But Bullish Gartley also occurs at 1 hr tf.

If i follow DMI, i would get short, if i follow the bullish gartley i should long. But now i short....
Attached Image
  • #96
  • Dec 14, 2007 4:04am Dec 14, 2007 4:04am
Quoting HnP
Here is short trade. The idea i post the trade because i just want to know whether it follow the rules or not..

But Bullish Gartley also occurs at 1 hr tf.

If i follow DMI, i would get short, if i follow the bullish gartley i should long. But now i short....
I enter too...Short@228,80
  • #97
  • Dec 18, 2007 10:00pm Dec 18, 2007 10:00pm
looks like nobody is looking this thread? Where are u guys?
  • #98
  • Dec 19, 2007 12:15am Dec 19, 2007 12:15am
Quoting HnP
looks like nobody is looking this thread? Where are u guys?
I am looking, but it seems as if Masmp is in the process of developing the method.
Regards
  • #99
  • Dec 19, 2007 3:15am Dec 19, 2007 3:15am
Nice results for the system in 2007, with the original rules.
Attached File(s)
File Type: xls GannHiloDmiQQE_BackTest_2007_FF.xls   75 KB | 917 downloads
  • #100
  • Dec 19, 2007 7:49am Dec 19, 2007 7:49am
that is 7733 pips for 2007 so far, that is more than great
but it certainly should be tested for 2006 and 2005 also
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