Recovery?
3 Bar Fractal with mid-bar and bar on each side 11 replies
Inside bar or outside bar identifier 7 replies
Journal related to: Advanced Inside Bar (IB) Trading 19 replies
Pin bar, pin bar, pin bar 0 replies
DislikedI have been studying all of the inside bar trading threads that I can find. These trades are working for me. I am not at the point to trust an EA.
http://i40.tinypic.com/2qvtk5u.gifIgnored
DislikedI see that 4H and 1D are the best time frames to trade this method.Ignored
DislikedWhat do you mean by "best"?
The H1 usually provides one or more trades per session.Ignored
DislikedI think by best smilee89 means that there are less losers thus increasing the overall profit. I ran some backtests on EURUSD a while back in this thread and it showed that H4 was quite good. However in recent forward testing it hasn't looked as good, probably just hitting a patch of losers.
The recent change to the EA to trail the SL may actually have helped H4, we'll see next week as I'm running H4 on EURUSD and EURGBPIgnored
DislikedFrom what I have read it seems that traders fool themselves into thinking one time frame is superior to another. No matter what time frame, price is the same at the same time.Ignored
DislikedAgreed
However the higher timeframes can sometimes filter out the 'noise' that a lower timeframe sees. With IB's the higher timeframes filter weaker trends and show stronger trends that break the IB. Still doesn't mean that a strong trend will hit the TP point thoughIgnored
DislikedNoise? A 1 tick chart is where is all starts. Every other chart is built upon that and are "conceptual" in nature. The questions are: "Where did price start and where is price now?" There is no noise only movement.Ignored
DislikedI don't disagree with this, but would point out that the market view at different timeframes is not the same. A 5m timeframe may be trending up, but the 4H is trending down and is part of a larger 1D down trend. In this instance, the 5m opposite trend is just 'noise', it won't last.
Perhaps I need a word other than noiseIgnored
DislikedI found an indicator that may be worth trying. Top Trend. I back tested it on a chart and the results were good in some ways. It reduced the number of trades by 50 % but improved winning % by 3 % and improved profit by 100 %.
The problem is that about 6 out of 200 trades came on bars when the indicator was at the threshold and watching them on the Strategy Tester I could not tell if it change before or after the trade was made.Ignored
QuoteDislikedThanks, how are you using this? It's a variant of Bollinger Bands with the extremes cut off, or so it appears.
I tried just trading IBs if the price was in the Bollinger Band channel, didn't have a great effect. I'll read up on Bollinger strategies and adjust my use of the indicator to suit.