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Inside Bar Trading Revisited

  • #841
  • Jun 9, 2009 10:35am Jun 9, 2009 10:35am
Quoting 1ka
Only us chickens

There's not much happening on the EA front, I'm rather busy at work at the moment, and run out of ideas for improving the EA.

I'm about to move over to 4hr timeframes to see if the default EA performs any better.
I have been using your EA on 4hr TF and doing pretty good as long as I close trades manually. When I optimize TPFactor and Trailtrends it seems as if it always sets Take Profit at an unrealistic high level that may get hit in a trending market but not in a choppy one. Smilee89's system for TP may be much better. I would post results but my computer crashed last week and I lost everything I had, even my Demo account.
  • #842
  • Jun 9, 2009 5:03pm Jun 9, 2009 5:03pm
If you need any help - PM me.
  • #843
  • Jul 5, 2009 5:01am Jul 5, 2009 5:01am
Here are the cumulative trading charts for the 4H, starting from 25th May 2009. Based upon Alpari UK feed and times are shown as BST.

The previous charts are here.
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  • #844
  • Oct 26, 2009 4:26pm Oct 26, 2009 4:26pm
I read your post in this thread ,
You said already back test in E/U Time Frame 30 minutes, with Pure Inside Bar tehnique ... which WON around 80 % (I forgrot exact number ) in 2008.

My quesrtion =
Pure IB tehnique is what ? ( I mean the parameter )
What is criteria of taking profit ?? ( How much ? = body of IB ?? or ?? )

I like this trading style ..
But with out indicator..

I really need your answer

Thanks
  • #845
  • Oct 30, 2009 10:57pm Oct 30, 2009 10:57pm
He didn't go on to tell us the secret, at least not in his posts.


But this document just might have that secret of his....


...in fact, I'm going to post it again. I even put "A+" in the name, because
when I save forex .pdfs I put A+ in the promising ones....



hi,

i read the pdf,i can not find this indi HVR,i think IB combined with HVR is very accurate,isnt it?,is it possible to use NR4/IB on other TF as daily for instance 1H or 4H?
Money is made by sitting, not trading. Jesse L. Livermore
  • #846
  • Nov 1, 2009 6:13pm Nov 1, 2009 6:13pm
Quoting sam69
He didn't go on to tell us the secret, at least not in his posts.

But this document just might have that secret of his....

hi,

i read the pdf,i can not find this indi HVR,i think IB combined with HVR is very accurate,isnt it?,is...

I think the HVR (Historical Volatility) is the easy part -- Peter Crowns mentions that he always plays the "hot hand" -- the pair of currencies that moves the most after London opens at 0600 GMT. He always plays the biggest mover, whether it's gaining value or losing it. Naturally such currencies will have a history of volatility -- losing or gaining a hundred pips or more in a day on a regular basis.

Also, the .pdf talks about checking daily bars, but PC and others play the hourly charts. If you check the "No Free Lunch" thread, you'll see plenty of attached charts on a one-hour time scale.

I think the NR4 part was the key I've been looking for. I've played a few IBs and they generally produced mediocre to poor results -- now I think this qualifying NR4 rule will help me sort out the wheat from the chaff.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #847
  • Edited 6:11pm Nov 3, 2009 6:10pm | Edited 6:11pm
Quoting sam69
hi,

i read the pdf,i can not find this indi HVR,i think IB combined with HVR is very accurate,isnt it?,is it possible to use NR4/IB on other TF as daily for instance 1H or 4H?


HVR (or actually HRV) stands for Historical Record of Volatility, which means a record of being heavily traded on a regular (i.e., daily) basis. I suspect that any pair of majors will be fairly volatile. And I believe PC writes that he still plays the USD/CHF, USD/JPY, EUR/USD and GBP/USD, and I think we can all agree those are highly volatile.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #848
  • Nov 5, 2009 12:52am Nov 5, 2009 12:52am
Quoting blunderbuss

HVR (or actually HRV) stands for Historical Record of Volatility, which means a record of being heavily traded --.
GodDAMMIT, I hate it when that happens.

From pg. 16 of the article:


Quote
The HVR is basically a mathematical measuring of how much
a price in a market has moved over a specified period of time...


HOWEVER, the good news is, I don't think you need it.

If you check a selection of PeterCrowns' posts, you'll find they are
free of indicators -- just some SMAs in some of them.

No stochastics, no bollinger bands, nothing. NO HVR.


The most recent post


His May 2, 2008 post (2 charts)


A 210-pip short trade with 2 charts


Another bare chart without indicators at the bottom


A list of PC's posts:
http://www.forexfactory.com/search.php?searchid=8138542


HVR might be the software that this company is trying to sell you
so they can get your name on their mailing list. I don't think you
need it, and I plan on trading today without even trying to find it.

HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #849
  • Nov 5, 2009 1:30am Nov 5, 2009 1:30am
[quote=blunderbuss;3210099]GodDAMMIT, I hate it when that happens.


hi,
i think IB trading is fine,just breaking to the wrong side is dificult to me,james's old system uses stochastik 8.3.3 as filter,i dont know,could you please post some charts,thanks!
Money is made by sitting, not trading. Jesse L. Livermore
  • #850
  • Nov 8, 2009 9:28am Nov 8, 2009 9:28am
Hi Sam

What time frames are you using?
Are you trading in the direction of the main trend?

Dont limit yourself to just inside bars, use outside bars and gimme bars, think of the main trend and what you can use to pick up the reversal.

I personally like inside bars, outside bars, gimme bars and the 1-2-3 setup, but I find them in the direction of the bigger time frame.

Cheers Lino
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  • #851
  • Nov 9, 2009 5:39am Nov 9, 2009 5:39am
Hello again

As you saw on my previous post, trend of higher 4hour chart was up, you had a pull back on hourly, made consecutive inside bars.

Nice run we had!

Cheers Lino
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  • #852
  • Nov 9, 2009 6:29am Nov 9, 2009 6:29am
Quoting Spongebob123
Hello again

As you saw on my previous post, trend of higher 4hour chart was up, you had a pull back on hourly, made consecutive inside bars.

Nice run we had!

Cheers Lino
hi spongebob,
many thanks for reply!,i trade usually on 1H TF and trade OB also,i look first 1H candle (my broker IBFX) and if its an IB or OB then ots length is my SL and TP,i draw horizontal lines with this space and trade the breaks of them,its only my method nothing special and i'm newbie!!,first breakis my entry and low of the IB/OB is my SL and if it breaks my 1.TP then my entry (high of IB/OB) is my SL and so on,i move my SL 2-3pips below/above these lines,i have some difficulties to find the trend direction,if i use MA's to identify it reverses to often,btw. what is gimme bars?,and how you determine the trend,what is this line on your chart,MA? and you have also BB?
look forward to your reply!
thanks!
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Money is made by sitting, not trading. Jesse L. Livermore
  • #853
  • Nov 9, 2009 8:22am Nov 9, 2009 8:22am
Hi Sam69

There are many ways to determine trend, I personally use bollinger bands SMA, if daily TF is trading above it, I would call it short term up.

Then I would look for a bounce off the 4H or 1H bollinger bands. If you think of a daily chart going up, trading above the SMA, there is always a low of that day, hence you picking it up by using reversal bars.

As for Gimme Bars, its from Joe Ross, trading naked, you can google it.

Here is how I have my charts, these are only 3 pairs with 3 time frames.

It has Bollinger Bands, 10EMA, and Tom Demark trendlines.

Not just one approach to trading, one has to have an edge.

Cheers Lino
  • #854
  • Dec 14, 2009 6:22am Dec 14, 2009 6:22am
1st time using IB system today.asian session 2 trades,both TP 20pips hit.uk session still running now 12pips green. combining IB with Bol band and stoch 9,3,3.damn simple system...hopefully will consistently bring in profit
  • #855
  • Jan 6, 2010 10:57am Jan 6, 2010 10:57am
Google brought me here...

I was looking for an IB EA in mq4 (only to see how it was coded dif from my own and fix). IB's are useful- only until yesterday I always thought of them as ND bars (they aren't exactly the same but close enough for me)... and was having trouble trying to write in EA form-

Maybe this pic will will help.
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  • #856
  • Jan 8, 2010 10:30am Jan 8, 2010 10:30am
Ive just stumbled on this thread and it seems great. Have you guys considered having a much bigger TP and having the EA just shoot for trend changes from consolidation?

Sounds like the EA could be easily capable of doing this, and if you think about it if RR is 1:12 or something along those lines, you could make a ton by just being right 25% of the time even.
The greatest force on earth is compound interest.
  • #857
  • Jul 29, 2010 1:06am Jul 29, 2010 1:06am
I was curious about inside bars as well and did a search and found this thread, but it seems dead. Has this method stopped working, whats the deal?
  • #858
  • Jul 30, 2010 4:58am Jul 30, 2010 4:58am
Quoting big_pipin
Has this method stopped working, whats the deal?
I believe that the original thread got sent to the Recycle Bin.
The originator got banned, he is now on another site.

You might find the thread if you use the search and look for 'Hard 1 Head 1'

Otherwise - 'inside bar'

IBs are not difficult. You find one and use it as a range for a breakout. There are loads of indies on-line as well.
  • #859
  • Jul 30, 2010 5:07am Jul 30, 2010 5:07am
You can find the thread of Hard1Head1 here in this section: Commercial Forum (beta) > Under Evaluation

http://www.forexfactory.com/showthread.php?t=133929

Cheers!
  • #860
  • Jul 30, 2010 5:13am Jul 30, 2010 5:13am
i haven't really gone into depth on inside bars, last time i checked it out it seemed too inconsistent. or have i got the wrong end of the stick here?
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