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Attachments: Daily Quarter method
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Daily Quarter method

  • #321
  • May 22, 2009 11:31pm May 22, 2009 11:31pm
Results for 05/22/09
GMT +4

GBPJPY: -144 + 72
GBUSD: 3
EURJPY: 51

Net Loss: -17 pips
I have used ADR ( average daily range instead of the previous days range)
  • #322
  • May 24, 2009 3:27am May 24, 2009 3:27am
Hi,
I've been visually looking over the charts and doing backtest and optimizing ( when to trade) . I would like to try using the average daily range for the last 5 days instead of the previous days range. Would that be a hard option to put in to the ea? Sorry their is no thread for an ea. Personally i believe this being a straight forward system using an ea to back test the strategy is great. If you want to trade manually then go for it. But to be able to use an ea to work out the most likely strategy to manually trade make sense. doesn't it?

thanks

Grant
  • #323
  • May 24, 2009 7:34am May 24, 2009 7:34am
Hello All , ADR indicator which i used on friday is attached along with.

This ADR calculates, the average of ( previous day range, average of last 5 days range, average of last 10 days range and average of last 20 days range). I got this indicator from the original thread. I feel that there is no necessity of adjusting the GMT Schedule for this indicator. Developments are welcome.
Attached File(s)
File Type: mq4 ADR.mq4   14 KB | 362 downloads
  • #324
  • May 25, 2009 3:10am May 25, 2009 3:10am
Hi all,

I have been reading the threads for this trading system. Was wondering, if fridays are tradable with this systems as the original post mentioned to exclude friday but later on, some of the threads mention not to trade on monday.

So is it Monday or friday are not tradable with this system or both?

Kindly advise.

Thank you.
  • #325
  • May 25, 2009 3:34am May 25, 2009 3:34am
Quoting Jiriko
Hi all,

I have been reading the threads for this trading system. Was wondering, if fridays are tradable with this systems as the original post mentioned to exclude friday but later on, some of the threads mention not to trade on monday.

So is it Monday or friday are not tradable with this system or both?

Kindly advise.

Thank you.

Jiriko,
whether to trade or not to trade, is entirely up to you. It is advised not to trade to avoid losses. But losses do occur on normal days too. So we have to analyze what causes these losses and then go accordingly. Nothing is written on stone. Some follow the original GMT + 8 timings some follow GMT +2, +3 +4 and so on....why? because it suits them. So let us decide what is best suited to us and go in that direction. Keep the basis of orihinal systm in mind. and the mould it to suit your needs.
  • #326
  • May 25, 2009 3:57am May 25, 2009 3:57am
Quoting simplecoders
Jiriko,
whether to trade or not to trade, is entirely up to you. It is advised not to trade to avoid losses. But losses do occur on normal days too. So we have to analyze what causes these losses and then go accordingly. Nothing is written on stone. Some follow the original GMT + 8 timings some follow GMT +2, +3 +4 and so on....why? because it suits them. So let us decide what is best suited to us and go in that direction. Keep the basis of orihinal systm in mind. and the mould it to suit your needs.
Hi Simplecoders,

Thanks for the advice. Will do what you have adviced.
  • #327
  • May 25, 2009 5:32pm May 25, 2009 5:32pm
Did anyone trade today?
  • #328
  • May 25, 2009 9:44pm May 25, 2009 9:44pm
I did not trade today as I was away from my PC. Now e could trade on Monday too using ADR. Had we traded using ADR we might have got profit in all the three pairs: GBPUSD, GBPJPY and EURJPY
  • #329
  • May 26, 2009 3:19am May 26, 2009 3:19am
The daily postings in this thread are decreasing.......
  • #330
  • May 26, 2009 5:06am May 26, 2009 5:06am
Quoting simplecoders
The daily postings in this thread are decreasing.......
Hi from Durban

Yes I saw the postings are
decreasing but I still think this is a winner.
My time frame differs from everybone but the principal stays the same, choose your own 24/25 hours to do your calculations and trade accordingly.

simplecoder, my question regarding the ADR indicator ( thanks for the indicator ) is : the previous days range is that calculated on GMT time?

Why I am asking is this question thats sticks in my mind :
when you calculate your entries then the same way of entries must be used every time (day), to enable youself to arrive at a working plan for yourself. After that and using your testing results you can change your way of entries.

I hope my way of thinking is clear but it takes time

Many pips for all

jmcl from Durban
  • #331
  • May 26, 2009 8:45am May 26, 2009 8:45am
I set up for a trade on Friday and Monday but didn't get an entry, so no trades.
I'm set up this morning based on a high of 1.40216, low at 1.38590, and 8:59 EST close of 1.39240.
This may also be a news trade. I'm seeing some volatility. Maybe leading up to some consumer sentiment news in 15 minutes...
Mine?
  • #332
  • May 26, 2009 9:46am May 26, 2009 9:46am
Quoting jmcl
Hi from Durban

Yes I saw the postings are
decreasing but I still think this is a winner.
My time frame differs from everybone but the principal stays the same, choose your own 24/25 hours to do your calculations and trade accordingly.

simplecoder, my question regarding the ADR indicator ( thanks for the indicator ) is : the previous days range is that calculated on GMT time?

Why I am asking is this question thats sticks in my mind :
when you calculate your entries then the same way of entries must be used every time (day), to enable youself...
jmcl,

I am not sure. But what i understand is the indicator calculates the ADR from 00:00 candle to 23.59 candle. SO it may be GMT , EST or whatever time zone, it all depends on the broker chart on which you are using the indicator.
  • #333
  • May 26, 2009 9:54am May 26, 2009 9:54am
05/26/09
GMT +4.

Today is the worst day.

GBPJPY and EURJPY took loss both sides short and long.

GBPUSD took profit both sides.

GBPJPY: -208 pips (Long +short)
EURJPY: -164 pips (Long + Short)
GBPUSD: 82 pips ( LOng + Short)

Net Loss: 290 pips..

It seems GMT+7 is the best time to enter the trade for this strategy.
  • #334
  • May 26, 2009 11:04am May 26, 2009 11:04am
When you say "GMT+7 is the best time to enter the trade for this strategy", What does this exactly means especially with reference to EST
  • #335
  • May 26, 2009 12:05pm May 26, 2009 12:05pm
Quoting jmcl
Hi from Durban

Yes I saw the postings are
decreasing but I still think this is a winner.
My time frame differs from everybone but the principal stays the same, choose your own 24/25 hours to do your calculations and trade accordingly.

simplecoder, my question regarding the ADR indicator ( thanks for the indicator ) is : the previous days range is that calculated on GMT time?

Why I am asking is this question thats sticks in my mind :
when you calculate your entries then the same way of entries must be used every time (day), to enable youself...

Hi jmcl,

I am in Cape Town. What SA time do you enter? Whats your results like?

Rgds
Ed
  • #336
  • May 26, 2009 12:26pm May 26, 2009 12:26pm
Quoting simplecoders
05/26/09
GMT +4.

Today is the worst day.

GBPJPY and EURJPY took loss both sides short and long.

GBPUSD took profit both sides.

GBPJPY: -208 pips (Long +short)
EURJPY: -164 pips (Long + Short)
GBPUSD: 82 pips ( LOng + Short)

Net Loss: 290 pips..

It seems GMT+7 is the best time to enter the trade for this strategy.
you work with ADR .isn't it???? this is not any part of my system.

Saly
  • #337
  • May 26, 2009 12:28pm May 26, 2009 12:28pm
Quoting Ashish_Ampl
When you say "GMT+7 is the best time to enter the trade for this strategy", What does this exactly means especially with reference to EST
go www.timeanddate.com and convert it to your local time.
  • #338
  • May 26, 2009 12:53pm May 26, 2009 12:53pm
Quoting $aly
go www.timeanddate.com and convert it to your local time.
Hi $aly
The problem we are experiencing is the time frames which differs from country to country, BUT as you stated in your opening post is that you CAN choose your own range wherevere you are.
This makes it hard to understand for some of us but what I understand from the system is, choose your own time frame and try it, log your plusses and your negatives.
There is no way you going to tell the market which way to go but you can work a way around within your 24 hour period.

Pips for all of you

jmcl from Durban
  • #339
  • May 26, 2009 1:02pm May 26, 2009 1:02pm
Quoting $aly
you work with ADR .isn't it???? this is not any part of my system.

Saly
Saly,
Yes, It is not a apart of your system. Th ADR concept I have taken it from the original thread, the link to which can be found in the first page of this thread. Personally I am not sure to use whether to use ADR or previous days range. You original rules stand good. But my "what if " is should we ignore to trade when the range is more than 400 pips or can we take ADR. Let me see for another few days.

GMT +7 is i suppose the London open, which you too follow.
  • #340
  • May 26, 2009 1:05pm May 26, 2009 1:05pm
Quoting teknoesen
Hi jmcl,

I am in Cape Town. What SA time do you enter? Whats your results like?

Rgds
Ed
Hi teknoesen

Ja, I am in Durban but must rely on my broker. I am still on demo with FXDD which are GMT+3 at the moment but I prefer IBFX which are working at GMT only.

I like to do hedging but the USA guys like to stop this, maybe they scared of the Euro ( I think I am looking for sht*t now ).

Maybe we must pm or e-mail or even contact by phone ( Telkom ), but I am not sure if I am allowed to give this info.

Lekker pips vir jou en ek hoop jy is nie 'n Stormer ondersteuner nie. Ek is 'n Shark maar skreeu vir die BLou Bulle Saterdag.

Plenty pips for all of you
jmcl from Durban
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