50 pips candle system | Page 20 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MT4 candle-by-candle manual backtesting 9 replies

How to make EA that send Open Price of Candle for every new candle 5 replies

Day's first H4 candle correlation to daily candle 14 replies

Correlation between first 4 hour candle and daily candle 1 reply

Is there a programmer interested to make an ea for 50 pips candle system? 0 replies

Attachments: 50 pips candle system
Exit Attachments

50 pips candle system

  • #381
  • Dec 9, 2009 7:14am Dec 9, 2009 7:14am
Quoting Saintsurfer
I have desided to trade by folowing metod together with a litle bit of martingale system.
My teory is that price moves 3 bars in trend and 3 diferent bars in range.
So after 3 same color bars GGG or RRR I will begin to take oposite trade, and after 3 diferent bars GRG or RGR I will take same direction like the last bar to wait for start of the trend. There will quiet seldom be times where I become very risky becose of martingale.
I will use martingale in this way,-
first loose1(0.1), 2(0.1), 3(0.2), 4(0.4), 5(0.8), 6(1.6), 7(3.2)after six times...
I know an even better martingale progression...more safest...but we nees a 1:2 risk/reward ratio to make it work... and the idea of Lcfxtrader can do wel.. i'll work on it
Market is like a puzzle, YOU have to fit the pieces!!
  • #382
  • Dec 9, 2009 8:15am Dec 9, 2009 8:15am
Quoting lcfxtrader
Here's the entries for the -+ & +- candles.
The problem with this idea is that when we have a succession of GRGRGR...... they all will be losses, and when we have a succession of GGGGG..... or RRRRR...... we do not have any positions
Regards
  • #383
  • Dec 9, 2009 8:20am Dec 9, 2009 8:20am
Quoting howard
The problem with this idea is that when we have a succession of GRGRGR...... they all will be losses, and when we have a succession of GGGGG..... or RRRRR...... we do not have any positions
No system is perfet...but we are gambling with a market...not a complitely random event...

What are the probabilities that a range lasts more than 3 or 4 candles?
What are the probabilities that a trend lasts more than 3 or 4 candles??

This is a probability game...we have to work on this..
Market is like a puzzle, YOU have to fit the pieces!!
  • #384
  • Dec 9, 2009 8:25am Dec 9, 2009 8:25am
Quoting howard
The problem with this idea is that when we have a succession of GRGRGR...... they all will be losses, and when we have a succession of GGGGG..... or RRRRR...... we do not have any positions
GRG(RGR) and R you win 3 times, thoses 3 between the brakets are loses bet you get break even with the last one(using martingale at that point u have to risk with 0.4 size)
GGG(GG) and R gives 3 wins and with the last one you get break even trading 0.2 size at that point
  • #385
  • Dec 9, 2009 10:30am Dec 9, 2009 10:30am
Here it is...what do you think of this??

I took the lcfxtrader's great idea...and improved in this way..

Case A

Everytime there is a blu/red (or green/red) go short
Everytime there is a red/blu (ore red/green) go long

Our risk reward is 1:2, so SL 50 pips and TP 100 pips (2 blocks)
As soon as the 1st block is completed (+50 pips) we move the SL to breakeven.

If we win...good +100 pips
If we lose...we apply this martingale progression...

the sequence in mini lots: 0.10 / 0.10 / 0.20 / 0.40 / 0.80 / 1.60


Case B (the Best):

Everytime there is a blu/red (or green/red) go short
Everytime there is a red/blu (ore red/green) go long

Our risk reward is 1:3, so SL 50 pips and TP 150 pips (3 blocks)
As soon as the 1st block is completed (+50 pips) we move the SL to breakeven.
As soon as the 2nd block is completed (+100 pips) we move the SL to +50.

If we win...good +150 pips
If we lose...we apply this very safer martingale progression...the safer that I know

the sequence in mini lots: 0.10 / 0.10 / 0.10 / 0.20 / 0.30 / 0.40 / 0.60 / 0.90 / 1.40

This second martingale progression is oriented to "capital protection" with less exposure and less risk...and allow us 9 consecutive losses...but works only if we have a 1:3 risk/reward ratio..


Results fro November:

Case A 1050 pips
Case B 1050 pips

Similar results...but the second Case is more conservative....

In November we had maximum of 2 consecutive losses...it would be interesting to test it in other months...

I'm not saying that this is a good system...but had this idea and I will forward test it..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chris_b.gif Size: 18 KB
Click to Enlarge Name: chris_b2.gif Size: 19 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #386
  • Dec 9, 2009 10:33am Dec 9, 2009 10:33am
Very interesting system....this is good for someone like me who is very new to trading. Thank all of you for your input.
  • #387
  • Dec 9, 2009 10:46am Dec 9, 2009 10:46am
Hi,

I'm happy to see you thinking about all this and bringing new ideas.

everybody is welcome to improve the system .

december updated
initial method = -100 pips
evolution = 300 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 09-12-09 17 42 05.jpg Size: 36 KB
  • #388
  • Dec 9, 2009 11:07am Dec 9, 2009 11:07am
Quoting zebulon
Hi,

I'm happy to see you thinking about all this and bringing new ideas.

everybody is welcome to improve the system .

december updated
initial method = -100 pips
evolution = 300 pips
My new idea would have been +450 for December
Market is like a puzzle, YOU have to fit the pieces!!
  • #389
  • Dec 9, 2009 11:40am Dec 9, 2009 11:40am
Actually this month is good for my method even without martingale it gives 750 pips plus. You have to understand clearly my method it almoust same like Zebulon`s original all I do diferent is that I after 3 one kind GGG or RRR I begin take reverse expecting consolidation and after 3 diferent kind RGR or GRG I go for trend depending what was the last of those 3
  • #390
  • Dec 9, 2009 11:55am Dec 9, 2009 11:55am
Quoting Saintsurfer
Actually this month is good for my method even without martingale it gives 750 pips plus. You have to understand clearly my method it almoust same like Zebulon`s original all I do diferent is that I after 3 one kind GGG or RRR I begin take reverse expecting consolidation and after 3 diferent kind RGR or GRG I go for trend depending what was the last of those 3
What is the result for November according to your method, net without any martingaling?
Regards
  • #391
  • Dec 9, 2009 12:08pm Dec 9, 2009 12:08pm
350 pips for November, I am testing that actually it would be better to begin reverse after 4 one kind and begin look for trend after not sure 2 or 3 range bars
  • #392
  • Dec 9, 2009 12:11pm Dec 9, 2009 12:11pm
Quoting Saintsurfer
Actually this month is good for my method even without martingale it gives 750 pips plus. You have to understand clearly my method it almoust same like Zebulon`s original all I do diferent is that I after 3 one kind GGG or RRR I begin take reverse expecting consolidation and after 3 diferent kind RGR or GRG I go for trend depending what was the last of those 3
Can you detail please ?

I don't find the same result as you .
  • #393
  • Dec 9, 2009 12:17pm Dec 9, 2009 12:17pm
Quoting zebulon
Can you detail please ?

I don't find the same result as you .
Thats all posible variants what I do,-

GRG - G,
RGR - R
RR - R
GG -G
GGG-R
RRR-G
  • #394
  • Dec 9, 2009 12:32pm Dec 9, 2009 12:32pm
Ok , that's better !
But i find 450 pips by using all these variants on december.
maybe i'm wrong somewhere ?
Attached Image (click to enlarge)
Click to Enlarge Name: 09-12-09 17 42 05.jpg Size: 36 KB
  • #395
  • Dec 9, 2009 12:45pm Dec 9, 2009 12:45pm
I have tried several backtests and the following rules create the curve in the picture from May to December 2009:
1. Go long when GG or RGR or GRG
2. Go short when RR
3. Always take profit at 100pips
4. Do not trade GGGG

Kostas.

P.S. Credit goes to Stephen (Sangmane) who has generously created an EA which recognizes patterns so makes backtesting a breeze. Please do not ask me to release his EA since he made it just for me and asked not to release it. Nevertheless, if you think it is useful maybe you can ask him with private messages to release it.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_May_Dec1.gif Size: 12 KB
  • #396
  • Dec 9, 2009 12:52pm Dec 9, 2009 12:52pm
Quoting zebulon
Ok , that's better !
But i find 450 pips by using all these variants on december.
maybe i'm wrong somewhere ?
550 for my count now first 2 bars of the month I take aswell becose we know what was last bars of November if it make sence
  • #397
  • Dec 9, 2009 12:58pm Dec 9, 2009 12:58pm
Kostas,
It is strange that no matter GRG or RGR you take long... is there a mistake? It can be that it works becose this year was more bullish, but in the future it can radically change...
  • #398
  • Dec 9, 2009 1:05pm Dec 9, 2009 1:05pm
Quoting Saintsurfer
Kostas,
It is strange that no matter GRG or RGR you take long... is there a mistake? It can be that it works becose this year was more bullish, but in the future it can radically change...
Saintsurfer,
Agree with you, but no mistake. I found the above to work best and I thought I shared the results with you. I am testing other pairs now to see what's up.
  • #399
  • Dec 9, 2009 1:37pm Dec 9, 2009 1:37pm
Quoting kostas1
Saintsurfer,
Agree with you, but no mistake. I found the above to work best and I thought I shared the results with you. I am testing other pairs now to see what's up.
I believe that if your ea had a filter like moving average, for egzample if price is over 200 ma with some distance GRG , RGR, GG long if below it GRG, RGR, RR short it would help to avoid oposite resultats in changing markets, but that`s just a thougt. I do not doubt these resultats you show but there is not garanty for nothing
  • #400
  • Dec 9, 2009 1:38pm Dec 9, 2009 1:38pm
Quoting kostas1
I have tried several backtests and the following rules create the curve in the picture from May to December 2009:
1. Go long when GG or RGR or GRG
2. Go short when RR
3. Always take profit at 100pips
4. Do not trade GGGG

Kostas.

P.S. Credit goes to Stephen (Sangmane) who has generously created an EA which recognizes patterns so makes backtesting a breeze. Please do not ask me to release his EA since he made it just for me and asked not to release it. Nevertheless, if you think it is useful maybe you can ask him with private messages...
Nice ! very good job Kostas and Sangmane !

Is your SL = 50 pips ?
4 traders viewing now