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50 pips candle system

  • #81
  • Nov 13, 2009 12:14am Nov 13, 2009 12:14am
Quoting Olegus
Sorry for my English. Interested in this tactic and made this simple indicator. It should be applied to the chart Renko box size equal to 25 pips, if you want to get a candle of 50 pips.

http://s16.radikal.ru/i190/0911/2d/ef0e09294342t.jpg
Hi,
what kinda of renko for MT4 do u use, can u post it here?
U made also an EA for this strategy?

Thanks.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #82
  • Nov 13, 2009 12:35am Nov 13, 2009 12:35am
november updated. total = 250 pips
waiting for a big row or a big rally
Attached Image (click to enlarge)
Click to Enlarge Name: 09-11-13 07 19 54.jpg Size: 46 KB
  • #83
  • Nov 13, 2009 12:47am Nov 13, 2009 12:47am
Quoting BIGmike
Zebulon,
Do you have your results for Oct, Sep, and Aug???

If so can see them?

Thanks for sharing your strategy.
i have no charts to show you but my results are :
august = 450 pips
september = 900 pips
october = 750 pips
  • #84
  • Nov 13, 2009 1:19am Nov 13, 2009 1:19am
Hi everyone,
I've followed this forum for a while and today i decided to become a member. Thanks for all your posts.

@Zebulon : Could you please clarify this
I start counting at 6AM on H1 chart.
1. At 7AM i have a green candle
2. At let say 9:05 i have one more green candle --> I buy immediately at that price
3. At 2PM i have red candle ---> wait for another red or green candle to form a signal
4. From 2PM until a red/green candles formed i do not take any action. Is it correct?

Thanks
Keith
P.S : Do you start counting the pips at the open of a candle or anywhere (50 pips away from the open price of each candle)?
  • #85
  • Nov 13, 2009 1:20am Nov 13, 2009 1:20am
Zeublon do you have results for previous months also?

I have started backtesting from jan 2009 - time consuming but looks promising!
  • #86
  • Nov 13, 2009 2:26am Nov 13, 2009 2:26am
LOGICAL experiment what would happen if you have started different periods please ?

best regards
  • #87
  • Nov 13, 2009 3:16am Nov 13, 2009 3:16am
Quoting Keith
Hi everyone,
I've followed this forum for a while and today i decided to become a member. Thanks for all your posts.

@Zebulon : Could you please clarify this
I start counting at 6AM on H1 chart.
1. At 7AM i have a green candle
2. At let say 9:05 i have one more green candle --> I buy immediately at that price
3. At 2PM i have red candle ---> wait for another red or green candle to form a signal
4. From 2PM until a red/green candles formed i do not take any action. Is it correct?

Thanks
Keith
P.S : Do you start counting the pips at the open...
Your example : 1. i have a green candle from 1,6600 to 1,6650.
When the second candle is beginning, i place a buy order at 1,6700.
3. i have 2 green and 1 red from 1,6700 to 1,6650 : i place a sell order at 1,6700 (to play the row) and i place a sell order at 1,6600 (to play the down trend)
  • #88
  • Nov 13, 2009 3:20am Nov 13, 2009 3:20am
Quoting logical
Zeublon do you have results for previous months also?

I have started backtesting from jan 2009 - time consuming but looks promising!
No i don't, but very interrested to know your results.

It is difficult to backtest because sometimes, there are big movements (news) you can't see with 1H or 30 min TF...
  • #89
  • Nov 13, 2009 7:22am Nov 13, 2009 7:22am
hi every one here what i have reached to ....

we can draw the 50 pips charts in the meta 4 by setting the lines with 50 pips distance ......so here the attchment ...

good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-11-13_1517.png Size: 24 KB
  • #90
  • Nov 13, 2009 7:25am Nov 13, 2009 7:25am
now i will try the 50 pip method and i will reply later the results that i will reach to......

i will try the 50 pips strategey on the demo for one week and the next week i will post the results.....

have a nice weekend.
  • #91
  • Nov 13, 2009 7:28am Nov 13, 2009 7:28am
Quoting fadi66
hi every one here what i have reached to ....

we can draw the 50 pips charts in the meta 4 by setting the lines with 50 pips distance ......so here the attchment ...

good luck.
yes,if you're little lazy you can use a indi,it calls sweet spots...
Money is made by sitting, not trading. Jesse L. Livermore
  • #92
  • Nov 13, 2009 10:17am Nov 13, 2009 10:17am
Interesting lazy method lol

You could start your count from the daily opening. So, if the first 50 pips of the new day moves in the same direction as the 50 pips leading up to the new day, you place an entry after the first 50 pips of the day.

If you make sure your new day starts from the Asian open you could factor in the average daily range of a currency pair and cut your profits or not enter when the ATR has been met which will probably smoothen the equity curve.
  • #93
  • Nov 13, 2009 11:02am Nov 13, 2009 11:02am
Hi

I was trying to match the image posted on post 82.
My candles matched exactly as in the image EXCEPT...

In the attached screenshot, the 2 candles with arrows does NOT shows with my data. The tabular data shown below - 2 candles in RED text are extra on your chart..(i think)

6550R6600G6550RNov 6, 19.55 GMT6600G65506600Nov 08 23.000 GMT6650G6700G6750G

I would appreciate if you can check that as that makes the diff in the Nov pips..
Thanks in advance

Quoting zebulon
november updated. total = 250 pips
waiting for a big row or a big rally
Attached Image
  • #94
  • Nov 13, 2009 11:20am Nov 13, 2009 11:20am
The data was not pasted in tabular format in the previous post.. So trying again..if I am lucky

6550 R
6600 G
6550 R
6600 G Nov 6, 19.55 GMT - OK TILL HERE
6550
6600
6650 G Nov 08 23.000 GMT - OK from HERE
6700 G
6750 G
  • #95
  • Nov 13, 2009 11:23am Nov 13, 2009 11:23am
Quoting Aggs
Hi

I was trying to match the image posted on post 82.
My candles matched exactly as in the image EXCEPT...

In the attached screenshot, the 2 candles with arrows does NOT shows with my data. The tabular data shown below - 2 candles in RED text are extra on your chart..(i think)

6550R6600G6550RNov 6, 19.55 GMT6600G65506600[font=Arial]Nov...
I remember, it was november 5th, it was the official bank rate in GB.
If your TF is 1 h or 30 min, you won't see these two candles. Have a look with 1 min TF. I was on my screen at this moment. And the price went up and down in several seconds..
  • #96
  • Nov 13, 2009 11:35am Nov 13, 2009 11:35am
..hmm.. thanks for the reply

however this was on friday evening almost at the close of day.. So when it opened on Sunday evening.. it opened at a higher rate..

is it a broker to broker issue..

Like for me both on Alpari UK and Forex.com..It ended the week at 1.6607 and opened sunday at 1.6657. (A BIG JUMP)

Is it different with your broker..
  • #97
  • Nov 13, 2009 12:49pm Nov 13, 2009 12:49pm
Quoting zebulon
No i don't, but very interrested to know your results.

It is difficult to backtest because sometimes, there are big movements (news) you can't see with 1H or 30 min TF...
Okay I started backtesting from 5 JAN 2009 on FXDD MT4 DEMO. This is a very looooong process so please forgive me if there is any trades that aint precise.

I placed sweet spot gold indicator with settings changed to 'linestylemain 100' and 'sublevels 50'

These results so far are until 16 FEB 2009.

A = BUY
V = SELL
O GREEN = 5O PIPS UP
O RED = 50 PIPS DOWN
Y = +50 PIPS
X = -50 PIPS

5 JAN - 2 FEB = +3500 PIPS
2 FEB - 16 FEB = -600 PIPS

Please open excel sheet and start from sheet1 and then sheet2.

Regards

LOGICAL
Attached File(s)
File Type: xls HMMM222222.xls   44 KB | 786 downloads
File Type: mq4 SweetSpots GOLD.mq4   4 KB | 713 downloads
  • #98
  • Nov 13, 2009 5:57pm Nov 13, 2009 5:57pm
Thank you Zebulon for this interesting thread. One question. Do you always use round numbers for your entries, stops, and targets?
  • #99
  • Nov 13, 2009 6:00pm Nov 13, 2009 6:00pm
Quoting logical
Okay I started backtesting from 5 JAN 2009 on FXDD MT4 DEMO. This is a very looooong process so please forgive me if there is any trades that aint precise.

I placed sweet spot gold indicator with settings changed to 'linestylemain 100' and 'sublevels 50'

These results so far are until 16 FEB 2009.

A = BUY
V = SELL
O GREEN = 5O PIPS UP
O RED = 50 PIPS DOWN
Y = +50 PIPS
X = -50 PIPS

5 JAN - 2 FEB = +3500 PIPS
2 FEB - 16 FEB = -600 PIPS

Please open excel sheet and start from sheet1 and then sheet2.

Regards

LOGICAL
Are you starting counting 50 pips on Big Levels? I mean, X.XX00īs and X.XX50īs ?
  • #100
  • Nov 13, 2009 6:17pm Nov 13, 2009 6:17pm
Yes counting on big levels .00 and .50
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