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Simple Strategy With Inside Bars

  • #21
  • Apr 15, 2009 12:08am Apr 15, 2009 12:08am
can anyone write an EA for this ????
considering post 1 & 17 both....
thanks,
  • #22
  • Apr 15, 2009 12:15am Apr 15, 2009 12:15am
Ok that will do.
Attached Image (click to enlarge)
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  • #23
  • Apr 15, 2009 12:25am Apr 15, 2009 12:25am
Actually with this method hairs do hurt. But if you wait for one more candle that will prevent stop hits. You miss some winners but more looser also.
  • #24
  • Apr 15, 2009 12:38am Apr 15, 2009 12:38am
Here is another.
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  • #25
  • Apr 15, 2009 3:07am Apr 15, 2009 3:07am
I have added some MA's for exit Help.
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  • #26
  • Apr 15, 2009 5:21am Apr 15, 2009 5:21am
For Trading this method u should Learn Price action caus its all about price action and this could only be don by watching price for hours.
  • #27
  • Apr 15, 2009 5:31am Apr 15, 2009 5:31am
i am happy to see this kind of system it is really good,that you had taken 60 to 70 pips as range. how to calculate for other pairs.if one can look at sling shot 30m strategy in comparison with this one can have better understanding
of this system it only my view.
  • #28
  • Apr 15, 2009 6:43am Apr 15, 2009 6:43am
Here is the trade i posted above in USDCAD
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  • #29
  • Apr 15, 2009 11:34am Apr 15, 2009 11:34am
If you are confused about MA's they r just for Exit Strategies.
  • #30
  • Apr 15, 2009 1:01pm Apr 15, 2009 1:01pm
salam my brother

i have quastions about Rule i write it in red color:

1- Ist candle is larger than 60-70 pips ( you mean just body of candle or from high to low ??) this could be different for various pairs ( okay but 60-70pips for which pair? ).

2- 2nd candle forms an Inside Bar.

3-Now when price touch the upper bar ( you mean high of first candle? ) line go short and when price touch the lower bar ( you mean low of first candle? ) go long.

4-My time frame is 1H.

5-Stop is around 20-25 pips.





May i got your answer or clearfication about my red quations ??

Thanx in advance brother
Never sell @ lower upward channel unless breacked and vise versa .
  • #31
  • Apr 15, 2009 11:33pm Apr 15, 2009 11:33pm
W-Salam,

( you mean just body of candle or from high to low ??)

Yes from High to Low.

( okay but 60-70pips for which pair? ).

There is no certain value Due to Volitilty But as i said if u Watch the price action that would be no prob.

( you mean high of first candle? ). ( you mean Low of first candle? ).

THE CANDLE THAT IS WE R TALKING ABOUT 50-60 PIPS RANG.
  • #32
  • Apr 16, 2009 3:43am Apr 16, 2009 3:43am
Quoting nasir.khan
W-Salam,

( you mean just body of candle or from high to low ??)

Yes from High to Low.

( okay but 60-70pips for which pair? ).

There is no certain value Due to Volitilty But as i said if u Watch the price action that would be no prob.

( you mean high of first candle? ). ( you mean Low of first candle? ).

THE CANDLE THAT IS WE R TALKING ABOUT 50-60 PIPS RANG.
Thanx brother for replay.. its clear for me now
Never sell @ lower upward channel unless breacked and vise versa .
  • #33
  • Apr 16, 2009 6:11am Apr 16, 2009 6:11am
Hi nasir
thank you for this simple system.

I have some querries which i need clarification.
1. Do you use stop orders in executing your trades? In this case you said that if the price tests the upper bar you go short,then does it mean that you put a stop sell on the lower bar?

2. Somebody asked about the win/loss ratio of this system i'll also be happy to know about it.

3. Which pair do you think do well with this system?

4. Lastly, i could kindly request you to show us more examples.

I will be glad for your response. Thank you.

Edward
  • #34
  • Apr 26, 2009 11:41am Apr 26, 2009 11:41am
Quoting Edonya
Hi nasir
thank you for this simple system.

I have some querries which i need clarification.
1. Do you use stop orders in executing your trades? In this case you said that if the price tests the upper bar you go short,then does it mean that you put a stop sell on the lower bar?

2. Somebody asked about the win/loss ratio of this system i'll also be happy to know about it.

3. Which pair do you think do well with this system?

4. Lastly, i could kindly request you to show us more examples.

I will be glad for your response. Thank you.

Edward...
i was busy in last few days sorry.

1- Mostly trade myself cause price somtimes hits the line sometimes go above and sometimes miss it from 5 pips so have to watch price carefully.

2-I did not traded this system for long so cant answer that. That's why i put it on this forum so other's can also test it.

3-Majors like E-U, G-U, U-J.

4-I will.
  • #35
  • Apr 27, 2009 5:56am Apr 27, 2009 5:56am
thanks for sharing your system mr.Nasir can u also post ur sweet spot indicator?
  • #36
  • Apr 27, 2009 6:50am Apr 27, 2009 6:50am
Hello guys!
Here is the ea for this system. I also added time filter, and fibo exits, but it also works with fixed SL/TP (just set fiblSLTP= false). Expert supports also 5 and 4 digits brokers automaticly. There are no restrictions attached in ea - it will work at any account.
Attached File(s)
File Type: ex4 InsideBarTrader.ex4   11 KB | 807 downloads
  • #37
  • Edited 7:48am Apr 27, 2009 7:34am | Edited 7:48am
Quoting Kalenzo
Hello guys!
Here is the ea for this system. I also added time filter, and fibo exits, but it also works with fixed SL/TP (just set fiblSLTP= false). Expert supports also 5 and 4 digits brokers automaticly. There are no restrictions attached in ea - it will work at any account.
I tried your EA on backtester and it looks like it takes trades on "inside bar high/low" break not on "master bar high/low". I think that is wrong, it should trade when the price breaks master bar high/low.

Also, for how long do you consider master bar valid? Maybe add one more parameter "validity of master bar" in bars. I think it should not be valid more than 2 - 3 bars after master bar is created. I.e. if we have bar A - master bar, then we have inside bar B, count from there, bar C is 1, next bar is no. 2 etc.
  • #38
  • Apr 28, 2009 3:15am Apr 28, 2009 3:15am
Bar is vaild for two bars after the inside bar.
  • #39
  • Apr 28, 2009 4:30am Apr 28, 2009 4:30am
Quoting hotstorm
I tried your EA on backtester and it looks like it takes trades on "inside bar high/low" break not on "master bar high/low". I think that is wrong, it should trade when the price breaks master bar high/low.

Also, for how long do you consider master bar valid? Maybe add one more parameter "validity of master bar" in bars. I think it should not be valid more than 2 - 3 bars after master bar is created. I.e. if we have bar A - master bar, then we have inside bar B, count from there, bar C is 1, next bar is no. 2 etc.
Hello!
Yes you are right, it trades inside bar. Here is updated ea which trades MasterBar and takes signal max 2 bars after signal.
Attached File(s)
File Type: ex4 InsideBarTrader_v2.ex4   13 KB | 789 downloads
  • #40
  • Apr 28, 2009 5:46am Apr 28, 2009 5:46am
Hey its not working its trades the other side I.E. goes long when trade should be short and vice versa.
Good work By the way thanks.
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