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Inside Bar Trading Revisited

  • #581
  • Feb 20, 2009 5:30am Feb 20, 2009 5:30am
"Not sure how that applies for lower time frames."

Price is the same and moves the same on all time frames relative to the same point in time. In other words, from the daily open, price is up/down the same no matter what chart period you are looking at.

http://i44.tinypic.com/4vnxnn.gif

http://i43.tinypic.com/2nr398i.gif
TRO
  • #582
  • Feb 20, 2009 6:50am Feb 20, 2009 6:50am
Quoting Money4Nothing
"Not sure how that applies for lower time frames."

Price is the same and moves the same on all time frames relative to the same point in time. In other words, from the daily open, price is up/down the same no matter what chart period you are looking at.
No Money4Nothing,

I meant something differently:

Not sure according to DIBS if the Daily reference point would still apply using lower time frames.

for instance: 5 min Time Frame - using the last 4 hour as reference for up/down.


> Price is the same and moves the same on all time frames relative to the same point in time.

But:

1. exactly that's the point 'relative to the same point in time.' Using a closing price of the last Candle on different Time Frames is at different points in time.

2. for indicators or Candles the results are still different as they use not the same point in time as reference - but usually the same number of 'time spans' = Candles to calculate the results across time frames.
__Thanks__ MJ
  • #583
  • Feb 20, 2009 10:43am Feb 20, 2009 10:43am
I did a spread sheet on EUR/JPY eliminating the small IB's today and the results show improvement similar to that of EUR/USD.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.JPG Size: 189 KB
  • #584
  • Feb 20, 2009 11:01am Feb 20, 2009 11:01am
EURUSD moving up fast...

http://i41.tinypic.com/2zjjpky.gif
TRO
  • #585
  • Feb 20, 2009 11:19am Feb 20, 2009 11:19am

I still want to point out that it might be worthy to check out if the DIBS rule:

Only be willing to buy a market if it is up on the day.
Only be willing to sell a market if it is down on the day.




http://i40.tinypic.com/ocjn6.gif
TRO
  • #586
  • Feb 20, 2009 12:54pm Feb 20, 2009 12:54pm
Quote
I still want to point out that it might be worthy to check out if the DIBS rule:

Only be willing to buy a market if it is up on the day.
Only be willing to sell a market if it is down on the day.
I don't have any data to prove otherwise but I see a lot of IB's that appear to break out for big gains in a counter trend. I will try to find a way to determine if the EA made better gains trading long only if above the daily open and short if below the the daily open.
What time do you consider as the open. Different brokers start their daily bars at different times. I know the EA makes better trades if it dose not trade between the NY close and London open.
  • #587
  • Feb 20, 2009 2:32pm Feb 20, 2009 2:32pm
SETUPS...

http://i41.tinypic.com/rvg7ee.gif
TRO
  • #588
  • Feb 20, 2009 4:01pm Feb 20, 2009 4:01pm
Quote

I still want to point out that it might be worthy to check out if the DIBS rule:

Only be willing to buy a market if it is up on the day.
Only be willing to sell a market if it is down on the day.

Limiting the Long trades to only buy if price was above Daily open
and short only if price was below Daily open does not seem to improve the EA. It would appear that just the opposite could be true.

EA without limits 1202 trades $122.35 profit
EA when limited 763 trades $77.07 profit

Two possible reasons and this is just my opinion which could be completely wrong.
An IB get formed when price has been traveling in one direction for a while and reaches a point where no one is willing to buy anymore if price has been moving up, or sell anymore if price has been moving down. In the first case if the IB does break to the top side the buyers are still limited. But if price breaks to the down side then the people who bought early in the cycle start selling in order to take profit and thus accelerate the down side momentum.
A second reason may be that a news item is due to be released and no one is willing to trade either direction till after the news. After the news price could move either direction depending on if its good or bad.

I have not read the DIBS forum but I thought they only dealt with daily bars in which case any time they trade it would have to be above the open to break the top side and below the open to break the down side.
  • #589
  • Edited 4:47pm Feb 20, 2009 4:25pm | Edited 4:47pm
I read a post where the trader only placed one or two orders per day. If the first one was profitable, he quit. If the first trade was a loss, he entered a second trade. Win or lose, that was it. Only 2 per day. Perhaps the EA may be profitable using that idea?!?!
TRO
  • #590
  • Feb 20, 2009 4:32pm Feb 20, 2009 4:32pm
He quick or quits?
  • #591
  • Feb 20, 2009 4:47pm Feb 20, 2009 4:47pm
Quoting smilee89
He quick or quits?
TRO
  • #592
  • Feb 20, 2009 6:32pm Feb 20, 2009 6:32pm
can u send me info about that strategy...?

Quoting ranger
Hey 1KA,

Yeah the crew at inside bar previous thread tattled on me as well Where are you at, I am in the US.
  • #593
  • Feb 21, 2009 3:56am Feb 21, 2009 3:56am
Quote
I still want to point out that it might be worthy to check out if the DIBS rule:

Only be willing to buy a market if it is up on the day.
Only be willing to sell a market if it is down on the day.

Quoting Abnormalone
I don't have any data to prove otherwise but I see a lot of IB's that appear to break out for big gains in a counter trend. I will try to find a way to determine if the EA made better gains trading long only if above the daily open and short if below the the daily open.
What time do you consider as the open. Different brokers start their daily bars at different times. I know the EA makes better trades if it dose not trade between the NY close and London open.
I did not check that either: but it seems that the DIBS method looks back at a longer history so I would not easily disregard such input.

Also it might not work the same on all time frames.

Thanks for all the effort some of you putting in.
__Thanks__ MJ
  • #594
  • Feb 21, 2009 11:16pm Feb 21, 2009 11:16pm
Hi,

I found this In and Outside Bar indicator. It's supposed to have an alert. But the alert doesn't work.

Anybody able to fix it?

Very much appreciated

Thanks

T.
Attached File(s)
File Type: mq4 In & Out Alert.mq4   3 KB | 468 downloads
  • #595
  • Feb 22, 2009 5:51pm Feb 22, 2009 5:51pm
Just waiting...

http://i43.tinypic.com/1zzj9ra.gif
TRO
  • #596
  • Feb 22, 2009 9:14pm Feb 22, 2009 9:14pm
SETUP...

http://i43.tinypic.com/14vixeb.gif
TRO
  • #597
  • Feb 22, 2009 9:40pm Feb 22, 2009 9:40pm
set
Attached Image (click to enlarge)
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #598
  • Feb 22, 2009 10:07pm Feb 22, 2009 10:07pm
CALM BEFORE THE STORM?

http://i44.tinypic.com/4sh6if.gif
TRO
  • #599
  • Feb 23, 2009 1:48am Feb 23, 2009 1:48am
Daily and Weekly charts
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  • #600
  • Feb 23, 2009 2:21am Feb 23, 2009 2:21am
Cumulative trading charts. Last weeks charts are here.

0900 GMT still seems like a good time to trade, as does 1800GMT. GBPJPY is a real loser.
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