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1min ind free trading

  • #21
  • Edited May 22, 2009 1:32am May 21, 2009 5:37pm | Edited May 22, 2009 1:32am
Quoting Paulus
hi you may be better sending me an email Im away soon for 1 week I can answer when beck cheers

Paulus
may i have a template of your system please? thanks
  • #22
  • Oct 7, 2009 7:32am Oct 7, 2009 7:32am
Quoting Paulus
Hi Free

Looking at ind this morning a few things looked weird or may be me ( possible as my mind is scrambled egg at mo )

The red dots are unfiltered signals the black dots are filtered ie if a short signal close must be lower than previous close

All the thumbs up qualify for this rule but no black dot

Any ideas

Cheers again looking good im sure this can be built on to provid a very good system for clipping 20 or 30 out the market

Paul
Hi Paulas. GREAT SYSTEM! Paulas I have been looking at trading this on a 5 min chart will it work ok do you think? Any problems with thta? What about 15 min chart? It lessons the effect of the spread that's all. Also with your rule do you mean that the close of the second candle needs to be below the open of the first? I am confused about what you said there? Perhaps you were instead referring to highs and lows? Would really appreciate clarification. As I said. Excellent strategy!
  • #23
  • Oct 7, 2009 9:43pm Oct 7, 2009 9:43pm
Quoting Gazmanfx
Hi Paulas. GREAT SYSTEM! Paulas I have been looking at trading this on a 5 min chart will it work ok do you think? Any problems with thta? What about 15 min chart? It lessons the effect of the spread that's all. Also with your rule do you mean that the close of the second candle needs to be below the open of the first? I am confused about what you said there? Perhaps you were instead referring to highs and lows? Would really appreciate clarification. As I said. Excellent strategy!

thank you
  • #24
  • Oct 9, 2009 3:03am Oct 9, 2009 3:03am
Quoting Gazmanfx
Hi Paulas. GREAT SYSTEM! Paulas I have been looking at trading this on a 5 min chart will it work ok do you think? Any problems with thta? What about 15 min chart? It lessons the effect of the spread that's all. Also with your rule do you mean that the close of the second candle needs to be below the open of the first? I am confused about what you said there? Perhaps you were instead referring to highs and lows? Would really appreciate clarification. As I said. Excellent strategy!

Good question!
  • #25
  • Oct 9, 2009 4:06pm Oct 9, 2009 4:06pm
Quoting Gazmanfx
Hi Paulas. GREAT SYSTEM! Paulas I have been looking at trading this on a 5 min chart will it work ok do you think? Any problems with thta? What about 15 min chart? It lessons the effect of the spread that's all. Also with your rule do you mean that the close of the second candle needs to be below the open of the first? I am confused about what you said there? Perhaps you were instead referring to highs and lows? Would really appreciate clarification. As I said. Excellent strategy!
Higher time frames seem to give more fake entries (or entries that get stopped out)........15min timeframe there is sometimes alot of sideways movement before the price action decides which way to go and when it does break out up or down it does so but not using the rules of this system.,..... or you get reversals the same length of the 'two signal' candles, again stopping you out. But on the 1min you can see more of the movement than in the 15min, alot can happen in 15min......you might get an entry in the 3rd and 4th min candles getting you 8pips....then another setup in the 10th and 11th candles for another 7pips....but if went out to 15min you'd miss them and tried for the wrong move, when its only going sideways....

Also, for long the candle has to close higher than the previous candle (i.e. a change of red to green of candle(if you're using those colours)
for short the candle has to close lower than the previous candle (green to red, or whatever colour candles you got on your chart.
This is to filter bad entries....

Look at the two candles.....which one is bigger (high to low) ? And how many pips between high and low ? 5pips? 6? 9? whatever it is then that is the TP....


Well thats what I think the rules are........please somone correct me if I'm wrong....
  • #26
  • Oct 10, 2009 1:48am Oct 10, 2009 1:48am
Quoting cspip
Higher time frames seem to give more fake entries (or entries that get stopped out)........15min timeframe there is sometimes alot of sideways movement before the price action decides which way to go and when it does break out up or down it does so but not using the rules of this system.,..... or you get reversals the same length of the 'two signal' candles, again stopping you out. But on the 1min you can see more of the movement than in the 15min, alot can happen in 15min......you might get an entry in the 3rd and 4th min candles getting you 8pips....then...
Fully agreed
  • #27
  • Oct 14, 2009 5:46am Oct 14, 2009 5:46am
Hi all!
I really like this system. But I think 1M Timeframe does not make big enough moves to trade with this strategie.
I only tested it visually but a 1 or 2 pip move doesnt even cover the spreads I have to pay. There are a lot of these small moves and most of the big move signals seems to be false. On your pictures there are most moves 5 pip or more.

Is it maybe the quality of data that didnt give me the results you had?
  • #28
  • Last Post: Jan 3, 2010 4:13pm Jan 3, 2010 4:13pm
Hi Paulos, Are you still trading this system? I would like to build an EA to trade it for me, just taking a small number of pips per day, then using the power of compounding!

I have a little experience in building EA's, so think I will have a go.

Any updates would be most appreciated.
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