DislikedWooah, that must have taken you a while, in just 1 night.
Thanks for your contribution.Ignored
Currently, what signal u use? I see a lot of version. what the latest? Counld you name it. I'll choose from the clip later..
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DislikedWhere can i get that new version....
I'm have been outta the loop...Ignored
DislikedHey everyone,
Just went through the entire thread, and noticed something interesting from Goss.
Are Posts #650 and #548 supposed to be the same? Because they show drastic differences in test results from each other.
Goss, do you still have your spreadsheet?Ignored
"If anyone else has any better ideas based upon testing for a better entry, I'd love to hear from you."
Ratio for (1):
if the nailed candle is smaller than the spread + your minimum profit target, this system will set the stops far too tight and you will very likely be kicked out too quickly. Adding this filter will reduce the number of such occurrences.
Ratio for (2):
How often have you noticed these little retracements during the first 5 - 8 bars after a nailed candle? In most of these events, STOCH(5,3,3) is actually going against the signal, only to reverse a couple of bars later. If you wait for this STOCH reversal, you'll be able to get a significant part of that retracement as well, i.e. your entries will be better.
The combination of these two extra requirements will keep you out of most of the otherwise bad trades.
That's interesting and worthwhile in itself, but do you want to know where the real benefit is? Read on:
As soon as you manage to achieve a higher ratio of pinpointed entries, you'll be able to tighten the SL without adverse effect. Now, if that is true, your position sizing could also be tweaked a bit to your advantage. And this is where the real benefit comes from: through these measures, without increasing risk, you can increase your leverage somewhat. Think about it...
Enjoy!
Ohka
Dislikedhey thanks allot pipsnagger
lets try this
...i jus did try it....
how do i set it up on interbankfx?
i tried dragging it on the chart and i jus saw something about time periods....
How do i setup this indicatorIgnored
Dislikedin one of the numerous prior entries, Ash asked:"If anyone else has any better ideas based upon testing for a better entry, I'd love to hear from you."
I think I have:
- 1 - if the size of the nailed candle is smaller than the spread + your minimum profit target, don't take it.
- 2 - if STOCH(5,3,3) is going against the nailed candle signal WAIT until STOCH reverses direction.
Ratio for (1):
if the nailed candle is smaller than the spread + your minimum profit target, this system will set the stops far too tight and you will very likely be kicked out too quickly. Adding this filter will reduce the number of such occurrences.
Ratio for (2):
How often have you noticed these little retracements during the first 5 - 8 bars after a nailed candle? In most of these events, STOCH(5,3,3) is actually going against the signal, only to reverse a couple of bars later. If you wait for this STOCH reversal, you'll be able to get a significant part of that retracement as well, i.e. your entries will be better.
The combination of these two extra requirements will keep you out of most of the otherwise bad trades.
That's interesting and worthwhile in itself, but do you want to know where the real benefit is? Read on:
As soon as you manage to achieve a higher ratio of pinpointed entries, you'll be able to tighten the SL without adverse effect. Now, if that is true, your position sizing could also be tweaked a bit to your advantage. And this is where the real benefit comes from: through these measures, without increasing risk, you can increase your leverage somewhat. Think about it...
Enjoy!
OhkaIgnored
Dislikedthis could be incorporated into the EA either as a stoch confirmation (really just adding another indictaor that needs to be "lined up") or simply allowing a limit order rather than instant market entry.
regards to all, nice thread.Ignored
DislikedThanks Ash again for this system. I have been trading it live from 17th April. been trading this system with 17 pairs accross 8 time frames. thats 136 charts using e dashboard.Ignored
Dislikedi did not take trades with low profit target like 2-5 pips and if the profit level was not more than double of the spread, i did not take it.Ignored