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Daily Quarter method

  • #381
  • Jun 3, 2009 11:43am Jun 3, 2009 11:43am
Quoting truckjrt
What would that be in pips?

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

i don't know...lol... but i agree the best i think if we use GMT+7...

look at for those pairs tonight...
Simplicity your Life
  • #382
  • Jun 3, 2009 5:15pm Jun 3, 2009 5:15pm
Quoting BontBoy
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
ATR or ADR is all dependent on what chart you use. i use an hourly chart and a 25hour time frame so i bracket that and call it the atr for that range. hope that helps to clarify.

doug
  • #383
  • Jun 3, 2009 6:00pm Jun 3, 2009 6:00pm
Quoting drkyle
ATR or ADR is all dependent on what chart you use. i use an hourly chart and a 25hour time frame so i bracket that and call it the atr for that range. hope that helps to clarify.

doug
Yes, thanks, you've just made me rethink my original question and I can see why ATR is used. In fact, due to the way the ADR figures are calculated, the ADR should only really be used if you place your orders when the new D1 bar is started on your data feed.

Thanks
BB
  • #384
  • Jun 3, 2009 11:56pm Jun 3, 2009 11:56pm
EUR/USD results for me today:
lost -41.5 pips
tomorrow I'll get it back :-)

(more info) I considered closing this at my normal... NYSE close... time to close the position. That would have netted -23 pips.

I also considered closing it out at -5 pips... when I was leaving the computer to go out with my wife!

For consistancy on my method this was a loss at -23 pips... but in reality cost me $50. Good for me my other trades went well today!
Mine?
  • #385
  • Jun 4, 2009 11:29pm Jun 4, 2009 11:29pm
We are coming to the end of another week. Is anyone still trading? Who is live vs who is demo still?

Who were your winners this week?
  • #386
  • Jun 5, 2009 4:54pm Jun 5, 2009 4:54pm
Quoting truckjrt
We are coming to the end of another week. Is anyone still trading? Who is live vs who is demo still?

Who were your winners this week?
I'm trading live truck! 1 micro-lot per day .

This week: EUR/USD during NY Market (-56.2)
Monday -43.2
Tuesday +24.1
Wed -46.3
Thurs -23.1
Friday +32.3
Mine?
  • #387
  • Jun 5, 2009 6:48pm Jun 5, 2009 6:48pm
Quoting Bilyb
I'm trading live truck! 1 micro-lot per day .

This week: EUR/USD during NY Market (-56.2)
Monday -43.2
Tuesday +24.1
Wed -46.3
Thurs -23.1
Friday +32.3
This week was a ruff week for me. I still need to learn to stick with just a couple of pairs. My Results this week:

U/J +45
G/J +15
E/J +68
G/U -84
A/U -123
E/CHF -40

-120 for the week LIVE! (Ouch)


My win % with 4+ trades since I started 5/11:

U/J 67% 9 trades
G/U 63% 16 trades
G/J 62% 13 trades
E/J 25% 4 trades

Less than 4 trades all at 50% win
E/U
N/J
U/CAD
A/J
  • #388
  • Jun 6, 2009 2:58am Jun 6, 2009 2:58am
Quoting truckjrt
We are coming to the end of another week. Is anyone still trading? Who is live vs who is demo still?

Who were your winners this week?
Live(E/U)

Monday 47pips.

Demo (E/U)

Tue -28 pips or 0 pips if i put up the opposing trade

Wed 57pips

Thur -57pips or -114 pips if i put up the opposing trade.

Fri -42pips or 0 pips if i put up opposing trade.

Not a very good week ya?
  • #389
  • Edited 2:25pm Jun 8, 2009 11:36am | Edited 2:25pm
Anyone trade today? I was hammered on G/U.

Has anyone backtested a smaller SL than 50% of previous day range? Or tried 33% order, SL and TP?

There has to be a way to lower the risk/reward ratio to 1:1 without losing win %. Currently at a 1:2 risk/reward ratio you have to have 67% in winner just to breakeven.

Any thoughts?
  • #390
  • Jun 8, 2009 8:31pm Jun 8, 2009 8:31pm
No trade today in EUR/USD
Mine?
  • #391
  • Jun 10, 2009 2:47pm Jun 10, 2009 2:47pm
did every one leave?
  • #392
  • Jun 10, 2009 11:09pm Jun 10, 2009 11:09pm
... still lurking about
Monday was a no trade on EUR/USD
Tuesday was a no trade on EUR/USD
Wednesday would have been a winner, but I was in another trade at the time.

Are you still trading this truck? or anybody? We don't seem to be perfecting it... just sticking with it and taking the wins with the losses... If it holds at 60% we can make some profit
Mine?
  • #393
  • Jun 10, 2009 11:24pm Jun 10, 2009 11:24pm
Quoting Bilyb
... still lurking about
Monday was a no trade on EUR/USD
Tuesday was a no trade on EUR/USD
Wednesday would have been a winner, but I was in another trade at the time.

Are you still trading this truck? or anybody? We don't seem to be perfecting it... just sticking with it and taking the wins with the losses... If it holds at 60% we can make some profit
I'm with you, still have problems getting consistent winners. I am now trying same principal but with different%s. Not just 25% of daily range.

Let me finish out this and next week, and if profitable I plan on starting a new thread.

Interested?
  • #394
  • Jun 11, 2009 1:27am Jun 11, 2009 1:27am
Quoting truckjrt
I'm with you, still have problems getting consistent winners. I am now trying same principal but with different%s. Not just 25% of daily range.

Let me finish out this and next week, and if profitable I plan on starting a new thread.

Interested?
Sure Truck... I'll jump yer thread
Mine?
  • #395
  • Jun 12, 2009 7:13pm Jun 12, 2009 7:13pm
Quoting truckjrt
I'm with you, still have problems getting consistent winners. I am now trying same principal but with different%s. Not just 25% of daily range.

Let me finish out this and next week, and if profitable I plan on starting a new thread.

Interested?



yup, i'm interested..
maybe $ally system need some adding rule beacause the market changing...
  • #396
  • Jun 16, 2009 5:53pm Jun 16, 2009 5:53pm
Quoting truckjrt
I'm with you, still have problems getting consistent winners. I am now trying same principal but with different%s. Not just 25% of daily range.

Let me finish out this and next week, and if profitable I plan on starting a new thread.

Interested?
hi, truckjrt...
are u finished out ur system?
where u start ur thread? what name?
thx u
  • #397
  • Jun 16, 2009 6:25pm Jun 16, 2009 6:25pm
Still working. Not much different than what we were doing here, but with a little applied science.

Hope to have something up today or tomorrow.
  • #398
  • Mar 6, 2010 3:41am Mar 6, 2010 3:41am
this is a good system, but i made some changes

i calculate my day as starting of that market. this is very important. for me all JPY, AUD, NZD starts at asia open time. EUR, GBP, CHF start at london open. USD, CAD start at NY open.

i have fixed SL of 100 pips. instead of 2SL.

i trade only in the direction indicated by centre of gravity. sometimes i miss good trades due to this, but this makes my work simple. no need to place orders on both sides and cancel other. while placing orders, i set expiry to 1 day, so any orders not triggered will automatically expire after 1 day
  • #399
  • Mar 22, 2010 4:50am Mar 22, 2010 4:50am
I have been trading this method based on both the london and US openings and it has proven to be profitable. I am achieving 66% strike rate over 7 various pairs with the USD/CAD, AUD/USD, EUR/JPY and GBP/JPY pairs the most profitable.

The key to being profitable is analysing which ranges are more likely to have a win and also the day of the week you trade this system

I will continue to test this as I have only done this since december and would like more testing before i go live
  • #400
  • Apr 29, 2010 2:25pm Apr 29, 2010 2:25pm
Is there anyone still trading this system as the thread seems to have died. It seems the COG indicator could work well on this. I know we are not really supposed to have indicators but if it helps, why not
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