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50 pips candle system

  • #161
  • Nov 16, 2009 9:37am Nov 16, 2009 9:37am
Thanks in advance for sharing. In respect to this thread starter, perhap would you want to start a new thread for your system? I am interested.

Quoting socchuot
Hi SeaPip,

I used my 100pips/day system some months ago. It is very accurate. I always use stop loss, maximum= 60 pips, normally about 15 - 20 pips.
But if you want to trade with my system you must be fulltime trader. I spend 10 - 12 hours /day -> get at least 100 pips/day.
------------------------------------
I will share my system later. please wait.
  • #162
  • Nov 16, 2009 9:38am Nov 16, 2009 9:38am
Quoting Blackeagle
When your trade is a range trade, do you take long trade at 1.6603 (this means bid rate is 1.6600) or at 1.6600 (this means bid rate is at 1.6597)?

When your trade is a range trade, you say you put +53 pips to your entry price. What about SL for range trades? Do you simply put 50 pips from your entry price as is the case for trend trades?

When your trade is a trend trade, what is your take profit level, again +53 pips from entry?

ps. If you can modify your post #137 with exact entry, TP, and SL figures (including spreads), that would be really...
example : i 'm now in a range, i'm short, i have sold at 1,6750 (the price to buy would have been 1,6754 for me). My TP is 1,6700 (the price needs 54 pips less to hit my TP) and my SL is 1,6800, so i will win 50 pips or i will loose 50 pips.

If the price climbs up , i will buy at 1,6800 with a SL at 1,6750
  • #163
  • Nov 16, 2009 10:27am Nov 16, 2009 10:27am
Hi Zebulon..

Just wondering how you went short at 6750.

If we look at 2 previous candles...they were green

6650 - 6700 Green
6700 - 6750 Green

So the next trade should be a BUY at 6750..

Please suggest if I am looking at it in a wrong way or...

Quoting zebulon
example : i 'm now in a range, i'm short, i have sold at 1,6750 (the price to buy would have been 1,6754 for me). My TP is 1,6700 (the price needs 54 pips less to hit my TP) and my SL is 1,6800, so i will win 50 pips or i will loose 50 pips.

If the price climbs up , i will buy at 1,6800 with a SL at 1,6750
  • #164
  • Nov 16, 2009 11:21am Nov 16, 2009 11:21am
Quoting Aggs
Hi Zebulon..

Just wondering how you went short at 6750.

If we look at 2 previous candles...they were green

6650 - 6700 Green
6700 - 6750 Green

So the next trade should be a BUY at 6750..

Please suggest if I am looking at it in a wrong way or...
That is because he starts counting from brginning of the week.
Regards
  • #165
  • Nov 16, 2009 11:54am Nov 16, 2009 11:54am
Quoting Aggs
Hi Zebulon..

Just wondering how you went short at 6750.

If we look at 2 previous candles...they were green

6650 - 6700 Green
6700 - 6750 Green

So the next trade should be a BUY at 6750..

Please suggest if I am looking at it in a wrong way or...
Just look at my chart : the price went from 1,6700 to 1,6750 (green), then from 1,6750 to 1,6700 (red) and then from 1,6700 to 1,6750 (green).
So i play the range and hope for a red...
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  • #166
  • Nov 16, 2009 12:12pm Nov 16, 2009 12:12pm
Now i'm long from 1,6800, 2 previous candles are green.
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  • #167
  • Nov 16, 2009 1:28pm Nov 16, 2009 1:28pm
iam also long with t.p 1.6850 and i made it i got the first 50 pips thank u very much man for ur graet startgey......graet.
good luck to every one...iaaaaaaaahttp://cdn.forexfactory.com/images/icons/icon14.gif
  • #168
  • Nov 16, 2009 1:49pm Nov 16, 2009 1:49pm
Quoting zebulon
Now i'm long from 1,6800, 2 previous candles are green.
You should be long again from 1.6850, do you close the previous long and reopen another one? Or just leave the same and move your stop to 1.6800?
Regards
  • #169
  • Edited 2:04pm Nov 16, 2009 2:03pm | Edited 2:04pm
Quoting howard
You should be long again from 1.6850, do you close the previous long and reopen another one? Or just leave the same and move your stop to 1.6800?
just leave the same and move your stop to 1.68

Yes you are right !!
  • #170
  • Nov 16, 2009 2:45pm Nov 16, 2009 2:45pm
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......

AUG +100
I found some mistakes in august :

column EK(+50), ET(-50), EV(+50), EX(+50), FE(+100), FF(+50), FH(+50), FL(+50), FV(-50), FW(-50), HQ(+)50= + 300
It would be 400 pips instead of 100
My backtest gives 450 ...Almost the same
  • #171
  • Nov 16, 2009 3:43pm Nov 16, 2009 3:43pm
ZEUBLON

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.
  • #172
  • Nov 16, 2009 5:23pm Nov 16, 2009 5:23pm
November updated : total = 100 pips
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  • #173
  • Nov 16, 2009 7:12pm Nov 16, 2009 7:12pm
I think the backtesting with renco bar is not accurate...

Anyone testing with this?

I see too much winning trades, and only trend method...no range method... something must be wrong ...

Can antone help on this?
  • #174
  • Nov 16, 2009 7:17pm Nov 16, 2009 7:17pm
November 2009... Unfortunately this month is not that way What´s the problem? Why it is so different?
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  • #175
  • Nov 16, 2009 9:47pm Nov 16, 2009 9:47pm
What size Renko are you using? And something seems wrong with your script since the second to last Renko bar doesn't look right.


Quoting CaNaRyTraDeR
November 2009... Unfortunately this month is not that way What´s the problem? Why it is so different?
{Promotion Removed}
  • #176
  • Nov 16, 2009 11:50pm Nov 16, 2009 11:50pm
Quoting CaNaRyTraDeR
I think the backtesting with renco bar is not accurate...

Anyone testing with this?

I see too much winning trades, and only trend method...no range method... something must be wrong ...

Can antone help on this?
Renko doesn't shows the range because you need 100 pips down to have 1 red candle and 50 pips up to have 1 green candle.
  • #177
  • Nov 17, 2009 12:31am Nov 17, 2009 12:31am
Couldn't you use 25 pip renko bars? This could help in backtests.

Quoting zebulon
Renko doesn't shows the range because you need 100 pips down to have 1 red candle and 50 pips up to have 1 green candle.
{Promotion Removed}
  • #178
  • Nov 17, 2009 8:30am Nov 17, 2009 8:30am
Hi guys I have a buy right now at 1.6800, do you guys ahve the same order as me, just to be shure I am on the right track... thx Max
  • #179
  • Nov 17, 2009 8:38am Nov 17, 2009 8:38am
Quoting maximus2005
Hi guys I have a buy right now at 1.6800, do you guys ahve the same order as me, just to be shure I am on the right track... thx Max
Yes ! i'm in the same boat, playing the range.
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  • #180
  • Nov 17, 2009 9:04am Nov 17, 2009 9:04am
please, can you specify which broker you use? or how do you do those line in charts...
thx
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