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50 pips candle system

  • #261
  • Dec 1, 2009 3:36am Dec 1, 2009 3:36am
Quoting zebulon
This is GGR GGR GGR GGR, that is the bad pattern for the system creating our losses.
Usually, it is rare to find many consecutive GGR or RRG because the price is trending or ranging and so, we have more GGG or RRR than GGR in one month.
It is impossible that a system works in all cases without loss.
all we need is win > loss
Where did you start for December?

if we play continuation of the range from yesterday it starts with a long from 1.6400.

If we just start from today ignoring November, it is a long from 1.6500
Regards
  • #262
  • Dec 1, 2009 6:54am Dec 1, 2009 6:54am
Quoting howard
Where did you start for December?

if we play continuation of the range from yesterday it starts with a long from 1.6400.

If we just start from today ignoring November, it is a long from 1.6500
This morning, i saw the 3 previous candles were RGR, so i was long from 1.6400.
December = 100 pips at the moment...
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  • #263
  • Dec 1, 2009 7:04am Dec 1, 2009 7:04am
Quoting howard
Where did you start for December?

if we play continuation of the range from yesterday it starts with a long from 1.6400.

If we just start from today ignoring November, it is a long from 1.6500
you would have equal results starting at .64 or .65 i think, am i wrong?
  • #264
  • Dec 1, 2009 7:30am Dec 1, 2009 7:30am
Quoting BaliuxXx
you would have equal results starting at .64 or .65 i think, am i wrong?
Yes, you're right !
  • #265
  • Edited 8:06am Dec 1, 2009 7:34am | Edited 8:06am
This is the 50 pips chart every of u want.....
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If I know how, I tell You!! Few but Good!!
  • #266
  • Edited 8:13am Dec 1, 2009 7:54am | Edited 8:13am
I have counted start fro november to now 52 + and 43 - so there are:
9 x 50 pips = 450 pips.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #267
  • Dec 1, 2009 9:31am Dec 1, 2009 9:31am
Quoting LuboLabo
This is the 50 pips chart every of u want.....
Do the 50-blocks match with round numbers 50 and 100?
Regards
  • #268
  • Dec 1, 2009 9:36am Dec 1, 2009 9:36am
Is a good idea also. But need to count from JAN to Dec see ok or not lolz
Quoting maxwell-eqtn
Zebulon,

Have you ever considered this pattern?

V A V A V A V A V
V A V A V A V A V

You will never win with this pattern if you follow the rules on post #1.

There is possibility it could happen !!!

Just a thought
  • #269
  • Dec 1, 2009 10:44am Dec 1, 2009 10:44am
Quoting howard
Do the 50-blocks match with round numbers 50 and 100?
You need RenkoLiveChart_v3.2 (some page back) , download 1M history for GBP, then in option set chart to 1000000 bar for 1 year history, then open GBP 1 min put renko ea, you can set it to 25 or 50 (but it's not important), then open M2 offline, then put the pricechangechart1 on this, and in preferencies set the bar colour like the background.....

Lubo.
If I know how, I tell You!! Few but Good!!
  • #270
  • Dec 2, 2009 2:01am Dec 2, 2009 2:01am
question for u again. i was blur when i read the part on u enter the trade on what price. lets say the price is 6500 and it is the 2nd green bar(50pips). then u would enter at 6497 or enter at 6500.

and if it is in ranging. GRG then nxt shud be red. and price now also 6500. you would enter at 6500 or 6503?

i think as long as we put a limit order of 50pips + spread. the price we enter doesnt matter. is it? or must we do the add or substract of pips to price first.
  • #271
  • Dec 2, 2009 3:08am Dec 2, 2009 3:08am
Quoting ja5on
question for u again. i was blur when i read the part on u enter the trade on what price. lets say the price is 6500 and it is the 2nd green bar(50pips). then u would enter at 6497 or enter at 6500.

and if it is in ranging. GRG then nxt shud be red. and price now also 6500. you would enter at 6500 or 6503?

i think as long as we put a limit order of 50pips + spread. the price we enter doesnt matter. is it? or must we do the add or substract of pips to price first.
If i'm waiting for 2 green bars to enter in the market, i put a buy order for example at 1.6500. So i will buy at this price, not at 1.6497.

Now we are in a range (that's true !)we have GRG.
When we were GR, i put a sell order at 1.6600 which is active now and we are GRG. So i sell at 1.6600, not at 1.6603
  • #272
  • Dec 2, 2009 3:56am Dec 2, 2009 3:56am
Hello Zebulon,

The pattern I meant was
GG, RR, GG, RR, GG, RR.
This series will also cause a failure.

My next question is lets assume that you have a GRG, then you sell at
6500. Where will you put your stop and where will you take profit ??

Thanks.
  • #273
  • Edited 4:37am Dec 2, 2009 4:04am | Edited 4:37am
Quoting zebulon
If i'm waiting for 2 green bars to enter in the market, i put a buy order for example at 1.6500. So i will buy at this price, not at 1.6497.

Now we are in a range (that's true !)we have GRG.
When we were GR, i put a sell order at 1.6600 which is active now and we are GRG. So i sell at 1.6600, not at 1.6603
Hello, I am new to this thread, just so I am following it right

I just entered a long at 1.6650 due to GG(G1 from 1.6550 to 1.66; and G2 from 1.66 to 1.6650).
Is this correct?
  • #274
  • Dec 2, 2009 4:20am Dec 2, 2009 4:20am
Very good system I gess. But I don`t think it is worth to trade range playing like GRG sell and RGR for buy order. It is not prifitable . When you trade GG and RR for trend it is profitable... I trade at round levels like 1.5050 or 1.5100.
dear Zebulon where do you see ranging 3 candles at this moment?
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  • #275
  • Dec 2, 2009 4:21am Dec 2, 2009 4:21am
of course I am long now
  • #276
  • Dec 2, 2009 4:39am Dec 2, 2009 4:39am
Quoting Saintsurfer
Very good system I gess. But I don`t think it is worth to trade range playing like GRG sell and RGR for buy order. It is not prifitable . When you trade GG and RR for trend it is profitable... I trade at round levels like 1.5050 or 1.5100.
dear Zebulon where do you see ranging 3 candles at this moment?
From the left of your chart the 2nd green block and 1st red bock are wrong as price did not touch 1.6650 yesterday, ignore those 2 blocks and we have GRG
Regards
  • #277
  • Dec 2, 2009 5:09am Dec 2, 2009 5:09am
Quoting Saintsurfer
Very good system I gess. But I don`t think it is worth to trade range playing like GRG sell and RGR for buy order. It is not prifitable . When you trade GG and RR for trend it is profitable... I trade at round levels like 1.5050 or 1.5100.
dear Zebulon where do you see ranging 3 candles at this moment?
Saintsurfer,

My graph for the same period is different from 1.6600 to 1.6650 meaning that my price never reached 1.6650 (high 1.6646) so a green(blue in my case) bar was not drawn. So my last few bars are GGGGRGG. Did you do it by hand or you have a different feed?
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  • #278
  • Dec 2, 2009 5:19am Dec 2, 2009 5:19am
Quoting maxwell-eqtn
Hello Zebulon,

The pattern I meant was
GG, RR, GG, RR, GG, RR.
This series will also cause a failure.

My next question is lets assume that you have a GRG, then you sell at
6500. Where will you put your stop and where will you take profit ??

Thanks.
GG, RR, GG, RR, GG, RR.
This series will also cause a failure : yes, but this serie is unusual.
If this kind of pattern come too often, that means the box size (50 pips) is not the good one for the pair you're trading.

If i have GRG, i sell at 6500 , my TP = 6450 my SL = 6550
  • #279
  • Dec 2, 2009 5:21am Dec 2, 2009 5:21am
Quoting akkubhai
Hello, I am new to this thread, just so I am following it right

I just entered a long at 1.6650 due to GG(G1 from 1.6550 to 1.66; and G2 from 1.66 to 1.6650).
Is this correct?
Yes, correct
  • #280
  • Dec 2, 2009 5:32am Dec 2, 2009 5:32am
here we are : december = 0 pips
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