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50 pips candle system

  • #121
  • Nov 15, 2009 2:20am Nov 15, 2009 2:20am
Quoting zebulon
Another idea, often in a uptrend, we are stopped because the price goes back 50 pips down (consolidation, retracement) and goes up higher.

The result will be better if we take :

for the trend : TP = 50 SL = 100
for the range : TP = 50 SL = 50

it seems for novembre we would have 350 pips instead of 200.

I will backtest this
FORGET IT ! not good for other months
  • #122
  • Edited 10:21am Nov 15, 2009 6:55am | Edited 10:21am
The indi is nice but it paints from the begining od the week. round numbers should be beter, so the fist candle shoud start at firs round number of the week. and it would be nice if you can make it work on 25 pip moves. I get 30 pips when I set it to 25.
Sasa

Quoting CaNaRyTraDeR
400 pips counting on big levels 00´s and 50´s by now... thanks for the indi, the problem is that when I go months back, the indi get a lil crazy painting anywhere!... Any ideas to fix that?
  • #123
  • Nov 15, 2009 9:24am Nov 15, 2009 9:24am
i have working on this one week and i have seen that if we take all the time 50 pip , dont matter when to start .....

work also only with 30 min tf.....it looks graet way and in the end of this week i well post my results...

tp 35
st 50

i think its the best way to work with......
  • #124
  • Nov 15, 2009 10:12am Nov 15, 2009 10:12am
Quoting sasavisnic67
The indi is nice but it paints from the begining od the week. round numbers should be beter, so the fist candle shoud start at firs round number of the week.
Sasa
I have to correct myself the indy is not reliable, I don't know why...
I have find here on FF a script for renko chart, may if some programmer would like could modified it to plots like the zebuleon chart.

Lubo.
Attached File(s)
File Type: mq4 RenkoLiveChart_v1.6_scr.mq4   9 KB | 718 downloads
If I know how, I tell You!! Few but Good!!
  • #125
  • Nov 15, 2009 10:27am Nov 15, 2009 10:27am
It is a script?
It does not work on my charts.
Sasa
Quoting LuboLabo
I have to correct myself the indy is not reliable, I don't know why...
I have find here on FF a script for renko chart, may if some programmer would like could modified it to plots like the zebuleon chart.

Lubo.
  • #126
  • Nov 15, 2009 10:36am Nov 15, 2009 10:36am
Quoting sasavisnic67
It is a script?
It does not work on my charts.
Sasa
You have to save it on script folder, run it and open m2 offline chart.

Lubo.
Attached Image (click to enlarge)
Click to Enlarge Name: renko.gif Size: 18 KB
If I know how, I tell You!! Few but Good!!
  • #127
  • Edited 5:12pm Nov 15, 2009 3:40pm | Edited 5:12pm
Okay, thats me finished manual backtesting from JAN 09 TO NOV 09.

What a loooooooong process!! I need someone to pick up my coffee bill!!

So the results are......

JAN +3500
FEB +900
MAR +400
APR -550
MAY 300
JUN +1150
JUL +750
AUG +100
SEP +950
OCT +1000
NOV +200

T0TAL +8700

Guide to symbols:

A = BUY
V = SELL
O GREEN = 5O PIPS UP
O RED = 50 PIPS DOWN
Y = +50 PIPS
X = -50 PIPS
  • #128
  • Nov 15, 2009 3:47pm Nov 15, 2009 3:47pm
logical do you think it matters where we start counting in the long run ?


or can we start count anywhere ?


best regards
  • #129
  • Nov 15, 2009 3:59pm Nov 15, 2009 3:59pm
Thank you for sharing this nice system.
For how long did you trade / test that system ?

xpie
  • #130
  • Nov 15, 2009 4:05pm Nov 15, 2009 4:05pm
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
Between 2 feb and 16 feb, i count 68 Y- 49 X = 19 x50 = 950 pips ???? and not -600 pips.
Can you explain your excel sheet ?? thanks
  • #131
  • Nov 15, 2009 4:32pm Nov 15, 2009 4:32pm
Quoting zebulon
Between 2 feb and 16 feb, i count 68 Y- 49 X = 19 x50 = 950 pips ???? and not -600 pips.
Can you explain your excel sheet ?? thanks
This month, I start counting round numbers like you, and I have in november 400 pips... I think every broker can change the results... only by one pip you can get different results
  • #132
  • Nov 15, 2009 4:41pm Nov 15, 2009 4:41pm
Wow, with renko bar it is much much easier to backtest, take a look!

I think I´m going to test from January 2008... Let´s see... I´m not married LOL
  • #133
  • Nov 15, 2009 4:44pm Nov 15, 2009 4:44pm
Quoting zebulon
Between 2 feb and 16 feb, i count 68 Y- 49 X = 19 x50 = 950 pips ???? and not -600 pips.
Can you explain your excel sheet ?? thanks
You are correct my friend. I think I know whats happened. I tested feb over 2 day period and at end of first day it was -600. I simply forgot to go back and update the result to +900.

It is not +950 because the first 50 pips of feb were added to jan result (trade started in jan and finished in feb)

Cheers

Logical
  • #134
  • Nov 15, 2009 5:08pm Nov 15, 2009 5:08pm
Quoting logical
Okay, thats me finished manual backtesting from JAN 09 TO NOV 09.

What a loooooooong process!! I need someone to pick up my coffee bill!!

So the results are......

JAN +3500
FEB +900
MAR +400
APR -550
MAY 300
JUN +1150
JUL +750
AUG +100
SEP +950
OCT +1000
NOV +200

T0TAL +8700

Guide to symbols:

A = BUY
V = SELL
O GREEN = 5O PIPS UP
O RED = 50 PIPS DOWN
Y = +50 PIPS
X = -50 PIPS
First thank you for your fantastic job
I know how long it could be...

But i don't like this negative month : april

I think there are 3 errors :
column BN : 2 previous candles are red, we would have 50 pips instead of 0.
column CV : 2 previous candles are green, we would have 50 pips instead of 0.
column EB : 2 previous candles are green, we would have 50 pips instead of 0.
So april should be -400 pips instead of -550
  • #135
  • Nov 15, 2009 5:13pm Nov 15, 2009 5:13pm
LudoLabo, how to get a good history m2? and where to download? i only have 64 bars ;(
  • #136
  • Nov 15, 2009 5:21pm Nov 15, 2009 5:21pm
Hi Zeublon

As I said a few posts ago, I apologise if there is any wrong trades.

I need you to proof read all of it.

Can you please edit accordingly and repost excel sheet.
  • #137
  • Nov 15, 2009 5:25pm Nov 15, 2009 5:25pm
I start at the begining of each month.
So here we are, i'm short from friday at 1,6700 with TP at 1,6650 and SL at 1,6750. (playing the range)

I have a pending order : buy at 1,6650 TP = 1,6700 SL = 1,6600 (playing the range)

I have another pending order : buy at 1,6750 SL = 1,6700 (playing the trend)

time to sleep ...
Attached Image (click to enlarge)
Click to Enlarge Name: 09-11-16 00 15 46.jpg Size: 55 KB
  • #138
  • Nov 15, 2009 5:35pm Nov 15, 2009 5:35pm
Right click your chart -properties - common - uncheck autoscroll and then put your chart on 1H TF or higher to quickly scroll back a couple of months or years back in the history. Add your script and go to your 2M offline chart. Now you should have months if not years worth of data.

Quoting CaNaRyTraDeR
LudoLabo, how to get a good history m2? and where to download? i only have 64 bars ;(
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  • #139
  • Nov 15, 2009 5:35pm Nov 15, 2009 5:35pm
Quoting logical
Hi Zeublon

As I said a few posts ago, I apologise if there is any wrong trades.

I need you to proof read all of it.

Can you please edit accordingly and repost excel sheet.
No problem, i think it's impossible to make 0 mistakes...

When i will have time free, i will read it month by month.

I'm very happy with your work, it shows the system bring us about 8700 pips this year !
  • #140
  • Edited 7:20pm Nov 15, 2009 7:07pm | Edited 7:20pm
Quoting LuboLabo
You have to save it on script folder, run it and open m2 offline chart.

Lubo.
Oh maannn ! 3 hours backtesting and I see right now the renko bars are made of 100 pips!... You have to modify it right button in script and "modify"

In the beginning you can see "Size of the box 100 pips"

So, to modify, type 50.... "EDITED, IT DIDN`T WORK; STILL 100 PIPS BARS" HELP!!
It was sooo easy... however, you get good results with 100 pips bar, too
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