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The alternative method (50 pip candles)

  • #61
  • Dec 10, 2009 11:31pm Dec 10, 2009 11:31pm
december updated, 950 pips
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  • #62
  • Dec 11, 2009 12:41am Dec 11, 2009 12:41am
Quoting zebulon
december updated, 950 pips
Ths is the proof that markets are quite unpredictable and even a simple logical strategy can win in a quasi-random market...
At the moment this strategy wins over the 50pips candle strategy...but we have to see how it goes in the long time...

I post also here the EA version and the script version for RenkoRangeBars... needed to have a chart that draws a candle every #pips move...

If you have problems running these charts...please refer to 50pips strategy thread...
Attached File(s)
File Type: mq4 RenkoRangeBarsV1.1.mq4   13 KB | 431 downloads
File Type: mq4 RenkoRangeBarsScriptV1.0.mq4   8 KB | 420 downloads
Market is like a puzzle, YOU have to fit the pieces!!
  • #63
  • Dec 11, 2009 6:05am Dec 11, 2009 6:05am
It would be nice if somebody can backtest a few months and try to backtest starting every new month with a + order and starting every month with a - order...

It would be interesting to understand if this variable make some difference in the long run or not...

------------------------------

Zebulon...what in a case like this?

Let's say the sequence of candle starts like this:

---+-+
and your orders sequence is like this:
+-+-+-

now..you think to be in a range because the last 3 candles were +-+
so you start with - orders until the range finishes...right?
But what if the market does this??

---+-++- ??
Your orders would be like this??
+-+-+--- ??
Or like this??
+-+-+--+ ??

I mean...when the range is finished...how do you restart the sequence?? It makes difference because in the first case you can lose 4 times in a row...and in the second case you can lose at least 6 times in a row..
This dilemma is only when you enter in a range with the wrong order...

If we solve this problem...the strategy will become more secure..
Market is like a puzzle, YOU have to fit the pieces!!
  • #64
  • Dec 11, 2009 6:32am Dec 11, 2009 6:32am
Quoting Chris_B
Zebulon...what in a case like this?
Let's say the sequence of candle starts like this:
---+-+
and your orders sequence is like this:
+-+-+-
now..you think to be in a range because the last 3 candles were +-+
so you start with - orders until the range finishes...right? YES


But what if the market does this??
---+-++- ??
Your orders would be like this??
+-+-+--- ??
Or like this??
+-+-+--+ ??

I mean...when the range is finished...how do you restart the sequence?? It makes difference because in the first case you...
But what if the market does this :
---+-++- in blue we have a range (size=4)
the orders will be :
+-+-+++- we enter in the range in the wrong order, so when we detect the range (end of the 5th symbol) we stop the alternative mode and play the last symbol (here +) untill the end of the range.
So, at the end of the 7th symbol, we know the range is finished, so we restart alternative mode...
  • #65
  • Dec 11, 2009 6:35am Dec 11, 2009 6:35am
One more candle in the range, 1000 pips for december
  • #66
  • Dec 11, 2009 6:37am Dec 11, 2009 6:37am
Quoting zebulon
But what if the market does this :
---+-++- in blue we have a range (size=4)
the orders will be :
+-+-+++- we enter in the range in the wrong order, so when we detect the range (end of the 5th symbol) we stop the alternative mode and play the last symbol (here +) untill the end of the range.
So, at the end of the 7th symbol, we know the range is finished, so we restart alternative mode...
Ok...that makes sense...
Market is like a puzzle, YOU have to fit the pieces!!
  • #67
  • Dec 11, 2009 7:27am Dec 11, 2009 7:27am
It seems to me that it might be worth setting the TP & SL at 25 as his would give more trending trades .
If you looks how this work out in December so far there is only one point where you could have suffered a 7 lot loose, even better on the G/J, but if you had run an opposing set of positions it would have reduced this loose of 7 down to 4. If you try this you need to cross match SL & TP on the opposing position which means sacrificing some pips due to the spread but could/should be worth a try .
What does everyone think?
  • #68
  • Dec 11, 2009 9:20am Dec 11, 2009 9:20am
Quoting zebulon
No, that is not correct,

that is 50+50-50+100-50-100-200+50-50-100+200-50-100+200+50-50-100-200+50-50-100+200+50-50= -250 pips

But according to the rules, the trade should be

+ - - - - + - - - + + + - - + + - + + + - + + + - - + +,
+ - + - + -+ + - + - + - + - + - + + - + - - + - + - +

result = 50+50-50+100-50-100-200-50+100+50-50+100+50-50-100+200+50+50+50-50-100-200-50+100+50-50-100+200= 0 PIPS
i dont undestand the red part. shouldnt it be -+-+-+-+. i dont see any range in the market that is opposing the entry
  • #69
  • Dec 11, 2009 10:42am Dec 11, 2009 10:42am
Zebulon wrote

Let's see the results for december :
-++++-+++---++--+---+---++--
+-+-+-+-+-+-+-+-+-+-+-+-+-+-

total = -50-100+200-50+100+50+50-50+100+50-50+100+50-50-100+200+50+50-50+100+50+50-50+100+50-50-100+200 = 850 pips




So you say that you change the order when range begin, but you only get good results here if you don`t do that and actualy you don`t do that there in blue. So it is not after the rules or how to understand it realy???
  • #70
  • Edited 12:20pm Dec 11, 2009 10:45am | Edited 12:20pm
http://img691.imageshack.us/img691/3743/semttulogs.jpg
hi guys

I have a new method that i caal "serra chanel´s mood " Xd

you only need keltner chanel and boilinger bands
and a good knowledge of candlesticks

http://img683.imageshack.us/i/semttulosb.jpg/

when the chart moves above the keltner chanel
you have a possible seel signal
must wait until touch the boilinger band and then watch if the BB doesent move high or low it mas continu horizontal

if that occurres you have for almos certain one seel signal...

I would like some feedback I have tested and it´s ok almos 80% the times is correct and it dont need other confirmations..
  • #71
  • Dec 11, 2009 10:52am Dec 11, 2009 10:52am
Quoting Saintsurfer
Zebulon wrote

Let's see the results for december :
-++++-+++---++--+---+---++--
+-+-+-+-+-+-+-+-+-+-+-+-+-+-

total = -50-100+200-50+100+50+50-50+100+50-50+100+50-50-100+200+50+50-50+100+50+50-50+100+50-50-100+200 = 850 pips




So you say that you change the order when range begin, but you only get good results here if you don`t do that and actualy you don`t do that there in blue. So it is not after the rules or how to understand...
The rule is +-+-+-+- except if we enter in a range in the wrong order. If we enter in the right order, we continue +-+-+-
If wrong order, we play the 4th symbol of the range the same as the 3th untill the end of the range.
  • #72
  • Dec 11, 2009 10:53am Dec 11, 2009 10:53am
Quoting ja5on
i dont undestand the red part. shouldnt it be -+-+-+-+. i dont see any range in the market that is opposing the entry
Yes that's a mistake !!!
  • #73
  • Edited Dec 12, 2009 12:20am Dec 11, 2009 1:20pm | Edited Dec 12, 2009 12:20am
december updated : 850 pips
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  • #74
  • Edited 8:52pm Dec 11, 2009 6:25pm | Edited 8:52pm
Quoting zebulon
Yes that's a mistake !!!
okay. very much clearer now! =D

anyway.

price: - + - + - - - + - + + + - + - - - -
orders:+ - + + + + - + - - - + - + - + - +
-50-100-200+50-50-100+200+50+50-50-100+200+50+50+50-50+100-50=0

haha. if this happens i think sure backside tear already. but i want to know is my entry correct? =D

anyway counting this is like doing my maths questions. haha
  • #75
  • Dec 11, 2009 10:26pm Dec 11, 2009 10:26pm
if you have price:
- + - + - - - + - + + + - + - - - - (in red the ranges)

+ - + + + + - + - + - + - + - + - + will be the orders.

In the first range we are in the wrong order, so +++ untill the end of the range. In the 2 other ranges we are in the good order, so +-+-+-

result = -50-100-200+50-50-100+200+50+50+50-50+50+50+50+50-50+50-50=200 pips
  • #76
  • Dec 11, 2009 11:17pm Dec 11, 2009 11:17pm
Quoting zebulon
if you have price:
- + - + - - - + - + + + - + - - - - (in red the ranges)

+ - + + + + - + - + - + - + - + - + will be the orders.

In the first range we are in the wrong order, so +++ untill the end of the range. In the 2 other ranges we are in the good order, so +-+-+-

result = -50-100-200+50-50-100+200+50+50+50-50+50+50+50+50-50+50-50=200 pips
Hi Zebulon,


Have you considered the spread of 2 pips in your results. As there are a lot of trades the spread will affect the results.

Do you actually take each trade or just move the sl?

thx
  • #77
  • Dec 11, 2009 11:30pm Dec 11, 2009 11:30pm
Quoting zebulon
if you have price:
- + - + - - - + - + + + - + - - - - (in red the ranges)

+ - + + + + - + - + - + - + - + - + will be the orders.

In the first range we are in the wrong order, so +++ untill the end of the range. In the 2 other ranges we are in the good order, so +-+-+-

result = -50-100-200+50-50-100+200+50+50+50-50+50+50+50+50-50+50-50=200 pips
ya my mistake! haha. this method like very easy to count wrongly! lol if use real money then count wrongly then die.

+ - + - + + - + + +
- + - - - - + - - +

-50-100-200+50-50-100-200-50-100+200=-700
am i right on this? i know this things seldom happen lol.

am i correct?
  • #78
  • Dec 12, 2009 12:26am Dec 12, 2009 12:26am
Quoting fugly
Hi Zebulon,


Have you considered the spread of 2 pips in your results. As there are a lot of trades the spread will affect the results.

Do you actually take each trade or just move the sl?

thx
the spread in inside the candle. The price have 54 pips to move to draw a candle or a +, 50 for me and 4 for the broker.
I buy for example at 1.6200 (the sell price is 1.6196), i have a pending order : sell at 1.6250 (the buy price is at 1.6254).

If i play ++++ yes, i move the SL
  • #79
  • Dec 12, 2009 12:31am Dec 12, 2009 12:31am
Quoting ja5on
ya my mistake! haha. this method like very easy to count wrongly! lol if use real money then count wrongly then die.

+ - + - + + - + + +
- + - - - - + - - +

-50-100-200+50-50-100-200-50-100+200=-700
am i right on this? i know this things seldom happen lol.

am i correct?
Yes, you've got it ! except the total =-600.
Hope this will not happen too often ....
successive ranges are not successfull.
  • #80
  • Dec 12, 2009 12:51am Dec 12, 2009 12:51am
Quoting zebulon
the spread in inside the candle. The price have 54 pips to move to draw a candle or a +, 50 for me and 4 for the broker.
I buy for example at 1.6200 (the sell price is 1.6196), i have a pending order : sell at 1.6250 (the buy price is at 1.6254).

If i play ++++ yes, i move the SL

thx for the reply and for sharing your ideas with all of us
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