Daily Quarter method

How have you been doing with the NY open and this pair so far?

It's ok but not great. I've made 11 live trades and have 6 winners and 5 losers since 13May.

I am hoping for a 60% winning ratio, but it's starting to look closer to 55%. Winning trades average about +45 pips. Losers average -40 pips. A lot of the losers don't hit the stop... I just have to close them at the end of the day.

Total profit for the 11 trades is +60.6 pips

HI Bilyb,

I am still very new to trading. Just to check with you if you trade during days where there a lot of news and during month end?

Thanks..

Hi Jiriko

When I was trading options and stocks, I used to try to guess how the market should react to news, options expiry, end-of-week, end-of-month... I generally got it wrong and lost money.

So I trade on Fridays. I trade at news announcements. The new hedging rules actually protect me from the one bad possibility during news... getting whipsawed into two bad trades at the same time by extreme volatility.

I always have stops up. When I'm in this Daily Quarter trade, I take down the entry in the opposite direction. You can always put it back up later if your first trade turns bad.

Today I'm taking down my entry early. I already had two successful trades and I am going golfing!

Edit: Never would have gotten an entry today on EUR/USD. Price didn't move enough.
So I'm 2-1 for the week. +56.5 Pips
(Shot 42 for 9 holes. Pretty good for me.)

good strategy bilyb..
risk : ratio 1:1
can u tell me again howdo you trade with this system..
counter trend or break out?
what time to entry order..?
n what rule for ur trade?
are u look fundamental too?
thx bilyb

Hi Bilyb,

Thank you for answer my question! Haha! actually I am always guess wrong too for reaction to news, month end, quarter end. hee..

I am not sure about your result for golf though(since have not have the chance to take it up) but the results for your Euro/Usd are not bad!

Hope your weekends are great and good trading for this week again.

Hi
This week started bettter than the previous one.
Close GU, GJ and EJ positive for the Monday.

Trades were on demo (FXDD which running on GMT+3 here) and entered after 08:00 candle close was obtained.

Pips to all

John from Durban

Have you ever thought about trading U/J? I have had better luck with it than E/J or G/J.

Hi truckjrt I am at the moment
These are in my plans when I go live with a mini on IBFX.
I don't want to over do it and plan to do just 1 or 2 pairs at a time.

Hold your thumbs for tomorrow

Pips to all of you

John from Durban

-43.2 pips for today
I'm not feeling so good about this pair, but I don't really trade other pairs. I'll keep working on it, but further back testing has it at 56.5% winners. Still a net gain, but after the house cut, there's not a lot left for profit.

Be very careful if you try to use EUR/USD at 1:1 ratio. I trade it at 0.1% total account risk, until I gain some confidence in it. (That would be 1 microlot on a $5000 account)

The pairs $aly uses from page 1 are probably better choices for Daily Quarter.

Bilyb could you advise your complete results for may. my backtesting shows a total of 19 trades for may and 5 loses for a total % of 26% loser and 74% winner with a total of 387 pips

DateHighLowATRdiv4CloseLong EntryLong TPLong SLShort EntryShort TPShort StopResults
5/11.332781.319110.013670.003421.325961.329381.332801.325961.322541.319131.325960.00342
5/41.334591.321190.013400.003351.324661.328011.331361.324661.321311.317961.324660.00335
5/51.34381.321190.022610.005651.343091.348741.354401.343091.337441.331791.343090.00565
5/61.343531.324570.018960.004741.335911.340651.345391.335911.331171.326431.335910.00474
5/71.339481.325160.014320.003581.337791.341371.344951.337791.334211.330631.337790.00358
5/81.350561.334180.016380.004101.349291.353391.357481.349291.345201.341101.349290.00410
5/111.366891.325550.041340.010341.358981.369321.379651.358981.348651.338311.358980.00000
5/121.369551.355630.013920.003481.366101.369581.373061.366101.362621.359141.366100.00348
5/131.372211.35730.014910.003731.361371.365101.368831.361371.357641.353921.36137-0.00373
5/141.365591.352490.013100.003281.355811.359091.362361.355811.352541.349261.355810.00328
5/151.36651.351290.015210.003801.355451.359251.363061.355451.351651.347851.355450.00380
5/181.361421.342230.019190.004801.349061.353861.358661.349061.344261.339471.349060.00480
5/191.365661.346980.018680.004671.358951.363621.368291.358951.354281.349611.35895-0.00467
5/201.371231.355760.015470.003871.367251.371121.374991.367251.363381.359521.367250.00387
5/211.38381.367180.016620.004151.374121.378281.382431.374121.369971.365811.374120.00415
5/221.400561.372840.027720.006931.397721.404651.411581.397721.390791.383861.39772-0.00500
5/251.405021.395780.009240.002311.399351.401661.403971.399351.397041.394731.39935-0.00231
5/261.402291.38580.016490.004121.392421.396541.400671.392421.388301.384181.392420.00412
5/271.400351.388490.011860.002971.394181.397151.400111.394181.391221.388251.39418-0.00297
5/281.399481.379110.020370.005091.386691.391781.396881.386691.381601.376511.386690.00509
5/291.41351.385230.028270.007071.410481.417551.424621.410481.403411.396351.410480.00000


thanks

doug

Hi Doug. May looked pretty good to me... but not that good. My results were 10 winners, 8 losers. +104 pips.

I'll compare our results tomorrow, as its my bedtime here
I'll let you know where I find the difference. You probably found a better entry time or risk:reward ratio that I was missing. Hopefully it's what I need to be confident with this method!

Night night...

How is everyone doing today? Any winners?

Good Morning, Everyone!

Doug - Here's a couple of places we might be trading differently that would change the results. I have my results in a spreadsheet that's similar to yours so I'll post them in a few minutes for completeness.

May 15th - I show as a loss. The LONG ENTRY happened right away during the 9am candle and reversed to hit the stop. (If the s/l was double, it still would have hit... therefore, if we took both sides of the trade, we would've been 1-1 for the day and broke even.)

May 12th - I show as a loss. SHORT ENTRY at 1.36262 during 10am candle, then STOP hit at 1.36610 during long upper wick of 11am candle. (If our stops were twice as big {Like $aly's } we wouldn't have taken it out, and would've been a winner.

May 11th - I show as a tradeable day... and a loss. (-49 pips). I show a low of previous day at 1.34553. I think you have a typo.

May 6th - I have as a small loss because I close my positions at 1 hour past the close of NYSE. But that one would have been a win at 2am EST.

May 1st - I had as NO TRADE since the LONG ENTRY didn't happen till 10pm EST. If we keep trades open until the next day like $aly , this would have been a winner for me, too.

...so..... if I change my length of day rules, the 1st and the 6th become wins. That makes May 12 Wins, 7 Losses. 63.2%. Better than +200 pips.
That's consistent with April, March and February.

Date... High.... Low...... ATR..... div4 Close Long Entry.. Long TP.. Long SL Short Entry Short TP Short Stop Results


1-May 1.33274 1.31910 0.01364 0.00341 1.32604 1.329451.332861.32604 1.32263 1.31922 1.32604 34.1
4-May 1.33454 1.32118 0.01336 0.00334 1.32464 1.327981.331321.32464 1.32130 1.31796 1.32464 33.4
5-May 1.34370 1.32464 0.01906 0.00476 1.34310 1.347871.352631.34310 1.33834 1.33357 1.34310 47.6
6-May 1.34354 1.32456 0.01898 0.00475 1.33592 1.340671.345411.33592 1.33118 1.32643 1.33592 47.5
7-May 1.33971 1.32510 0.01461 0.00365 1.33786 1.341511.345171.33786 1.33421 1.33056 1.33786 36.5
8-May 1.35054 1.33418 0.01636 0.00409 1.34928 1.353371.357461.34928 1.34519 1.34110 1.34928 40.9
11-May 1.36674 1.34553 0.02121 0.00530 1.35769 1.362991.368301.35769 1.35239 1.34709 1.35769 -49
12-May 1.37068 1.35570 0.01498 0.00375 1.36581 1.369561.373301.36581 1.36207 1.35832 1.36581 -30.3
13-May 1.37215 1.35732 0.01483 0.00371 1.36132 1.365031.368741.36132 1.35761 1.35391 1.36132 -37.1
14-May 1.36561 1.35248 0.01313 0.00328 1.35577 1.359051.362341.35577 1.35249 1.34921 1.35577 32.8
15-May 1.36652 1.35110 0.01542 0.00386 1.35543 1.359291.363141.35543 1.35158 1.34772 1.35543 -38.6
18-May 1.36145 1.34228 0.01917 0.00479 1.34902 1.353811.358611.34902 1.34423 1.33944 1.34902 21.8
19-May 1.36566 1.34690 0.01876 0.00469 1.35895 1.363641.368331.35895 1.35426 1.34957 1.35895 -8.5
20-May 1.37119 1.35575 0.01544 0.00386 1.36718 1.371041.374901.36718 1.36332 1.35946 1.36718 38.6
21-May 1.38382 1.36715 0.01667 0.00417 1.37405 1.378221.382391.37405 1.36988 1.36572 1.37405 41.7
22-May 1.40068 1.37271 0.02797 0.00699 1.39774 1.404731.411731.39774 1.39075 1.38376 1.39774 -46.7
25-May 1.40502 1.39576 0.00926 0.00232 1.39935 1.401671.403981.39935 1.39704 1.39472 1.39935 0
26-May 1.40216 1.38590 0.01626 0.00407 1.39240 1.396471.400531.39240 1.38834 1.38427 1.39240 19.9
27-May 1.40045 1.38900 0.01145 0.00286 1.39417 1.397031.399901.39417 1.39131 1.38845 1.39417 -28.6
28-May 1.39952 1.37924 0.02028 0.00507 1.38678 1.391851.396921.38678 1.38171 1.37664 1.38678 50.7
29-May 1.41344 1.38610 0.02734 0.00683 1.41052 1.417361.424191.41052 1.40369 1.39685 1.41052 0

Where my result numbers are smaller than expected, I closed at 1 hr past end of trading on NYSE. I just don't trade from 5pm till midnight, my time

May 15th - I show as a loss. The LONG ENTRY happened right away during the 9am candle and reversed to hit the stop. (If the s/l was double, it still would have hit... therefore, if we took both sides of the trade, we would've been 1-1 for the day and broke even.)

I have a mistake here as you noted this would be a loss. I do not use the 2*ATR for a stop i use the close or 1/4 of ATR

May 12th - I show as a loss. SHORT ENTRY at 1.36262 during 10am candle, then STOP hit at 1.36610 during long upper wick of 11am candle. (If our stops were twice as big {Like $aly's } we wouldn't have taken it out, and would've been a winner.

I also have a mistake here. it came within 2 pips of target and turned back. i have been watching pivots with this strategy and if you use them for a partial and move stop i believe it helps.

May 11th - I show as a tradeable day... and a loss. (-49 pips). I show a low of previous day at 1.34553. I think you have a typo.

I did have the incorrect low but i still have a different low then you i think because i go by 9am candle to 9am candle which actually ends up being 25hours. I show a close out of small profit but i also trade past 5pm EST i allow open orders and positions to end at the beginning of the following day. So closeout before beginning of next trading 9am candle. to much movement happens in jpy and gbp open session.

May 6th - I have as a small loss because I close my positions at 1 hour past the close of NYSE. But that one would have been a win at 2am EST.

This one is full profit for me because i leave it open past 5pm EST

May 1st - I had as NO TRADE since the LONG ENTRY didn't happen till 10pm EST. If we keep trades open until the next day like $aly , this would have been a winner for me, too.

Again full winner for me because of different rules then yours (open past 5pm EST

...so..... if I change my length of day rules, the 1st and the 6th become wins. That makes May 12 Wins, 7 Losses. 63.2%. Better than +200 pips. That's consistent with April, March and February.

Thank you for finding the mistakes in my data. the new results are total 20 trades 7 losses for a 65/35 win/loss ratio for 263.7 pips Rules for me: 9am candle to 9am candle( my 9am candle is data that represents 8:01-9:00) so total of 25 hours. i take one trigger only so OCO status on buy and sell side orders for the day. target is 1/4 ATR stop is closing price or 1/4 of ATR(not 2* ATR) i close out positions just before beginning of the following days trading start so you can be in a trade for 24 hours total at most. as i mentioned above it appears (thought this data does not reflect any rules associated with it) using pivots for minor adjustments on targets or stops can be a helpful tool. i might suggest taking off half at a pivot if its before the TP and moving stop up or if the the stop is just above a pivot moving it just below the pivot. all results are based on tradestation charting software data and do not reflect live trading results As i finish this post i feel somewhat frustrated that i might be offending some members of this thread because these are not the original rules and do not want to take away anything from $aly but i did want to clarify my results and the mistakes i have made that bilyb found for me.

thanks,
doug

You've helped me out, drkyle! Got me to revisit my data and gave me something to compare it to. I don't think $aly would feel we are hijacking his thread... Just trying to use his very good idea and adapt it to our time frame

Plus we gotta stay on page one to keep it working!

EUR/USD made me +30 pips today with DQ Method. I closed in the middle of the day at good profit and took the afternoon off!

Anyone else try today???

always nice to see improvement on system trading
this is my 1st day

gbpjpy $598
eurjpy $429
gbpusd still runing +$237

using 1 lot standard at IBFX broker and GMT 0

Um, don't know if I've missed something here, but are you guys now using the ATR for calculating TP/SL instead of the ADR that you started using a couple of pages back?

Cheers
BB

What would that be in pips?

G/J 59.8 ??
E/J 42.9 ??
G/U 23.7 ??