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Simple Strategy With Inside Bars

  • #41
  • Apr 29, 2009 3:23am Apr 29, 2009 3:23am
LOL this is quite confusing. Here is the version that opens trades opposite to prior version, so it should be fine now? Please check it.
Attached File(s)
File Type: ex4 InsideBarTrader_v2.1.ex4   13 KB | 1,102 downloads
  • #42
  • Apr 29, 2009 5:07am Apr 29, 2009 5:07am
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.
Hi Nasir,
If I refer to the EU/USD pair it is dificult to find a candle that is 60-70 pips unless I am calculating it wrongly. For eg if price is 1.3000 to 1.3060 it is 60 pips?
Your further advice appreciated
  • #43
  • Apr 29, 2009 6:19pm Apr 29, 2009 6:19pm
I'm a little confused and it would be great if you could clarify:

1. Isn't typical strategy for Inside Bar trading where you enter long when a subsequent bar goes higher than either 1) the master bar(conservative strategy) or 2) the inside bar(aggressive strategy)??
With this system, you are suggesting we go short when a subsequent bar goes higher than the inside bar. Is this correct or am I reading this wrong??

2. Is the inside bar one where the entire IB is inside the body(open/close)of the master (previous) bar? or is an inside bar where it falls within the entire master bar (high/low)?

My apologies if these are dumb questions, but I had to ask! Thanks.
  • #44
  • May 2, 2009 10:26am May 2, 2009 10:26am
Thx b4 Mr Natsir..
Can u post your MA setting..
  • #45
  • May 2, 2009 10:44am May 2, 2009 10:44am
Quoting Kalenzo
LOL this is quite confusing. Here is the version that opens trades opposite to prior version, so it should be fine now? Please check it.
I get invalid stops ???
  • #46
  • May 3, 2009 4:34am May 3, 2009 4:34am
If you got invalid stops then you set the stop loss/take profit too close.
  • #47
  • May 3, 2009 5:12am May 3, 2009 5:12am
Just to let you know that ur EA is not working. All invalid stops even though I set the StopLoss property to 1000
  • #48
  • May 3, 2009 6:47am May 3, 2009 6:47am
Hi,

How to read your chart? what's red & green line?
  • #49
  • May 3, 2009 10:05am May 3, 2009 10:05am
Nasir,

Thanks for sharing your good system.

When i attached the indicator and loaded the indicator. So it says "Inside bar on EURZAR"

What does this mean, it is time to trade? And if time to trade then buy or sell?
Attached Image (click to enlarge)
Click to Enlarge Name: eurzar.gif Size: 12 KB
  • #50
  • May 4, 2009 3:49am May 4, 2009 3:49am
Quoting ahbinn
Just to let you know that ur EA is not working. All invalid stops even though I set the StopLoss property to 1000
Take a look, i made backtest on cable H1 from 2008. The ea trades properly. You get invalid stops because stop is too close to the open price, SET:

UseFiboTPSL = FALSE
TakeProfit = 50
StopLoss = 50

and check if it trades.
Attached Image (click to enlarge)
Click to Enlarge Name: insideTest.png Size: 28 KB
  • #51
  • May 4, 2009 8:28am May 4, 2009 8:28am
Your EA is not suitable for 5 digits broker?
  • #52
  • May 5, 2009 3:39am May 5, 2009 3:39am
Quoting ahbinn
Your EA is not suitable for 5 digits broker?
This ea supports 4 and 5 digits brokers. As you can see the test that i made was done with alpari UK - it is 5 digit broker. Ea detects and supports it automaticly.
  • #53
  • Aug 30, 2009 12:04pm Aug 30, 2009 12:04pm
HERE IS AN UPDATE TO THE FIRST POST.
  • #54
  • Apr 27, 2017 6:40am Apr 27, 2017 6:40am
Quoting nasir.khan
Hello here is a really simple trading method with inside bars. 1- Ist candle is larger than 60-70 pips this could be different for various pairs. 2- 2nd candle forms an Inside Bar. 3-Now when price touch the upper bar line go short and when price touch the lower bar go long.
nice setup. Thanks for sharing.
I'm really into inside bar and looking to make a strategy out of it.

THanks
This is not investment/trading advise. Will not hold accountable for loss
  • #55
  • Apr 27, 2017 7:44pm Apr 27, 2017 7:44pm
Quoting yousername
{quote} nice setup. THanks
this is from 2009 fyi...good pips
Learn THEN Unlearn
  • #56
  • Apr 8, 2025 8:38am Apr 8, 2025 8:38am
Old.....but...Gold.

Thats what I call a Strategy.....well done.
  • #57
  • Last Post: Apr 8, 2025 1:52pm Apr 8, 2025 1:52pm
Quoting Tripl3333
Vecchio.....ma...Oro. Questo č ciņ che chiamo una strategia.....ben fatto.
The indicator does not show that there is a 60 pip bar, but only that there is an inside bar. Done like this it is useless. There is no high probability that the price will bounce on the extremes. There is a similar strategy but with minimum bars of 100 pips.
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