If you are taking these trades based upon the break of the high/low of the inside bar....Then take a look at the 1 hr chart G/U right now. Stop loss? no stop loss?
-Steve
-Steve
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
DislikedHere are the trades taken by the EA broken down by currency and hour of day. Last weeks charts are here.
0900 GMT still seems like a good time to trade, as does 1800GMT. USDCAD and USDJPY are the most profitable currencies to trade, on balance.Ignored
DislikedSo what happens if we restrict trades based upon the size of the IB (i.e. the High/Low range when an IB is formed)?
I was curious to see if there was any correlation between IB size and winning trades....Ignored
Dislikedhi 1ka,
nice job you've done here: really appreciate it - will check all of them out.
Is it possible to post a cumulative summary of the weeks in one graph.Ignored
Dislikedhi 1ka,
Not sure what you meant. you limited the Outside bar or the Inside Bar.
> IB Limit 60
are this 60 Pips ??
Ignored
DislikedIt's easy to show wins but here are some losses and not sure why . . luck of the draw or did I do something wrong
The trend was up I was above the daily open I was above the 89 line went through support level
Any thoughts or commentsIgnored
DislikedI don't think you did anything wrong, as it all looked fine. Major trend was with you too. Can't see any scheduled news at that time, but maybe something happened?
The only comment I have is that it had been consolidating for a while. My 'noob' view is that it can go anywhere after that
If it helps, then the EA was suckered too.Ignored
DislikedWhen all the winning percentages increase as the Max Bar size increases would this not indicate that we need to eliminate the smaller bars?Ignored
QuoteDislikedIs this the size of the Inside Bar, not the Outside Bar, since it appears you are using the non-H1H1/Jim method?
I might add a MinIBSize parameter into the EA so that you can ignore smaller bars. When I get some time I'll see if I can test this in the EA.
DislikedHi Abnormalone,
Is this the size of the Inside Bar, not the Outside Bar, since it appears you are using the non-H1H1/Jim method?
I might add a MinIBSize parameter into the EA so that you can ignore smaller bars. When I get some time I'll see if I can test this in the EA.Ignored
DislikedInteresting I actually only implemented the MinIBSize parameter
But you are far ahead of me.
1ka what was your main reason to have the MaxBar size parameter?Ignored
DislikedHi Money4Nothing,
Thanks for sharing your strategy.
Two questions:
1. What sessions are you trading?
2. Do you trade (if it happens) two breakouts per IB - one up and one down? Or do you re-enter if stopped out before take profit?
Thanks
ThomasIgnored