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50 pips candle system

  • #421
  • Dec 10, 2009 2:57am Dec 10, 2009 2:57am
Update:

second trade loss -50 pips
...now i'm long...GBP seems strong for now...hope in a rally...
Attached Image (click to enlarge)
Click to Enlarge Name: trade3.gif Size: 14 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #422
  • Dec 10, 2009 4:59am Dec 10, 2009 4:59am
this mth have not been working very well becos of the yr end. every thing become very choppy. but according to the back test or zebulon original idea. its working fine i think.
anyway have the modified ideas been backtested? =D
  • #423
  • Dec 10, 2009 5:05am Dec 10, 2009 5:05am
Quoting ja5on
this mth have not been working very well becos of the yr end. every thing become very choppy. but according to the back test or zebulon original idea. its working fine i think.
anyway have the modified ideas been backtested? =D
I am forward testing my variation...

I've asked a guy here on the forum (the creator of the RenkoLiveChart) to make a modified version of renko...that can display also range periods and not only trends...so we can have a chart like the chart Zebulon is drawing manually...and we can also backtest it... but he has not answered at the moment..
Market is like a puzzle, YOU have to fit the pieces!!
  • #424
  • Dec 10, 2009 5:40am Dec 10, 2009 5:40am
i see.. thats nice. hope we get help from those that are good in programming. haha

but his zebulon original idea is already not a bad one. haha. seen from the backtest results. positive for every mth. let's see how this mth ends with.

=D
  • #425
  • Dec 10, 2009 9:19am Dec 10, 2009 9:19am
Trade update:

third trade: loss -50 pips

now i'm short... 0.1 lots SL 50 TP 150

I've started my demo trading with this strategy right in a trading range situation... this is funny!!
Here is where the system suffers...as all trending systems...

But the range can't last forever...
Attached Image (click to enlarge)
Click to Enlarge Name: trade4.gif Size: 23 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #426
  • Dec 10, 2009 9:21am Dec 10, 2009 9:21am
Hey Chris,
Good going. Keep up with the testing. I am also working on something.
  • #427
  • Dec 10, 2009 9:23am Dec 10, 2009 9:23am
One more candle and 200 pips more for the evolution method
Not so bad to play the range .

December
initial method = -150 pips
evolution = 350 pips
I'm long now, still playing the range
  • #428
  • Dec 10, 2009 9:24am Dec 10, 2009 9:24am
Quoting kostas1
Stephen would be more than willing to release his EA. From what I understand in his experience people attribute bad results to the coders and that's what worries him. If you guys can PM him (private message) and ask for the EA, he would probably reconsider.

Hello Kostas,

I did contact Sangamane and he said that the EA is yours and that we should ask you instead for the EA if you would like to share it.

Anyway, Thanks.
  • #429
  • Dec 10, 2009 9:25am Dec 10, 2009 9:25am
Quoting Chris_B
Trade update:

third trade: loss -50 pips

now i'm short... 0.1 lots SL 50 TP 150

I've started my demo trading with this strategy right in a trading range situation... this is funny!!
Here is where the system suffers...as all trending systems...

But the range can't last always...
According to your case B method, should'nt the size of this last trade be 0.2?
Regards
  • #430
  • Dec 10, 2009 9:28am Dec 10, 2009 9:28am
Quoting howard
According to your case B method, should'nt the size of this last trade be 0.2?
no...the sequence is 0.10 / 0.10 / 0.10 / 0.20 / 0.30 / ...

this is the third 0.10 trade... if I lose then the next will be 0.20
Market is like a puzzle, YOU have to fit the pieces!!
  • #431
  • Dec 10, 2009 10:33am Dec 10, 2009 10:33am
Some of you have backtested the original method with the EA.
Can you tell me what were the candles for the worst month in 2008.

I would like to test something...

Thank you
  • #432
  • Dec 10, 2009 11:48am Dec 10, 2009 11:48am
Quoting maxwell-eqtn
Hello Kostas,

I did contact Sangamane and he said that the EA is yours and that we should ask you instead for the EA if you would like to share it.

Anyway, Thanks.

Stephen is a cool guy and he respects that I added some ideas in this. Still credit goes to him for writing this. Since he gave his permission, I present you Stephen's EA. The operation is straight-forward and you can test various patterns. If some coder can help us add an MA filter it would be great!
Attached File(s)
File Type: mq4 Stephen_50pip.mq4   4 KB | 867 downloads
  • #433
  • Dec 10, 2009 11:50am Dec 10, 2009 11:50am
Quoting zebulon
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

it should be april
  • #434
  • Dec 10, 2009 12:03pm Dec 10, 2009 12:03pm
Quoting Chris_B
Trade update:

third trade: loss -50 pips

I've started my demo trading with this strategy right in a trading range situation... this is funny!!
Here is where the system suffers...as all trending systems...
But the range can't last forever...
Chris,
Zebulon's original idea of "playing the range" is not bad. I am trading this a little modified: When there is a range then take only one trade playing the range and then wait for a trending signal. This would allow you to take one 50 pip profit from a range but not loose 50 pip at the end of the range.....
Kostas
  • #435
  • Dec 10, 2009 12:03pm Dec 10, 2009 12:03pm
Quoting kostas1
Stephen is a cool guy and he respects that I added some ideas in this. Still credit goes to him for writing this. Since he gave his permission, I present you Stephen's EA. The operation is straight-forward and you can test various patterns. If some coder can help us add an MA filter it would be great!

Thanks Kostas,

I will test it and give you a feedback.
  • #436
  • Dec 10, 2009 12:16pm Dec 10, 2009 12:16pm
I have found that if you get a RG, then many times you cant go wrong going Red. The range has been my friend on 3 currencies the past couple of days

+287 pips for GU, EU, and UC... All playing the range
  • #437
  • Dec 10, 2009 12:19pm Dec 10, 2009 12:19pm
If nobody helps you....help yourself!!!

I've asked some coder...but nobody was interested in doing this.....

So....I've modified LiveRenkoChartV3.2.mq4 ...

a few hours of work to understand how it was coded...and this is the result... RenkoRangeBarsV1.0.mq4!!

Exactly what we need for this strategy!!

It's basically the same as renko EA...so you can apply indicators on it (useless) or running Ea's on it (useful)...

I'm sure it has some bugs...let's try it!!

Place this file in your experts folder
Open a 1M chart
Drag this EA in 1M chart
Open chart offline "GBPUSD" 2M chart
Enjoy!!
Attached Image (click to enlarge)
Click to Enlarge Name: renkorangebars.gif Size: 9 KB
Attached File(s)
File Type: mq4 RenkoRangeBarsV1.0.mq4   13 KB | 538 downloads
Market is like a puzzle, YOU have to fit the pieces!!
  • #438
  • Dec 10, 2009 12:34pm Dec 10, 2009 12:34pm
Quoting Chris_B
If nobody helps you....help yourself!!!

I'm sure it has some bugs...let's try it!!
Enjoy!!
Nice Chris,
This helps visualize history better. It seems it missed one bar. Comments on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: chris_ea.JPG Size: 55 KB
  • #439
  • Dec 10, 2009 12:43pm Dec 10, 2009 12:43pm
Quoting kostas1
Nice Chris,
This helps visualize history better. It seems it missed one bar. Comments on the chart.
Chris, when I used your Renko it worked correctly without missing the green bar that I indicated in your chart.
  • #440
  • Dec 10, 2009 12:59pm Dec 10, 2009 12:59pm
Quoting kostas1
Chris, when I used your Renko it worked correctly without missing the green bar that I indicated in your chart.
I don't know exactly...I've only changed the way renko draws the candles...but remember that every data feed is different so it can happen that my chart is a little bit different from yours...perhaps for a few pips difference...

I don't know how it works in real time...i'm testing it only from some hour...but at the moment it has not drawn a new candle...so I don't know...
I'm noticing only a little bug...sometimes the current candle disappears for a few seconds...but I don't think it's a great problem...
Market is like a puzzle, YOU have to fit the pieces!!
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