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The alternative method (50 pip candles)

  • #121
  • Dec 14, 2009 1:19pm Dec 14, 2009 1:19pm
Quoting zebulon
Ok, here are the orders and the result attached.
I would have 250 pips with your candles...
Thanks...ok...now i've done the test another time and december matches perfectly with your calculations...
+250 pips

Probably when we do the backtest we miss some particular in ranges and in martingale progressions..
Market is like a puzzle, YOU have to fit the pieces!!
  • #122
  • Dec 14, 2009 1:31pm Dec 14, 2009 1:31pm
Quoting PiPtHiEf
I am sorry I must have missed this but, why are some profit/losses larger than 50 pips? Thanks
It is a little martingale, go to post n°3
  • #123
  • Dec 14, 2009 1:57pm Dec 14, 2009 1:57pm
DECEMBER UPDATED = 850 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 09-12-14 20 45 56.jpg Size: 36 KB
  • #124
  • Dec 14, 2009 2:40pm Dec 14, 2009 2:40pm
So pardon my slowness, but if your orders still are 50 pips (sl and tp) then you are computing your lot size back into pips? example, 50 x 2 lots is the equivalent of 100 pip if the lot was still 1?

Thanks
Please pull my head out of my ass, I am running out of oxygen...
  • #125
  • Dec 14, 2009 2:45pm Dec 14, 2009 2:45pm
Quoting PiPtHiEf
So pardon my slowness, but if your orders still are 50 pips (sl and tp) then you are computing your lot size back into pips? example, 50 x 2 lots is the equivalent of 100 pip if the lot was still 1?

Thanks
yES !!
  • #126
  • Dec 14, 2009 2:50pm Dec 14, 2009 2:50pm
Thanks for the answers. Much clearer now. Regardless of the outcome this is certainly a new way to look at things. I have seen tick charts but never "pip charts"
Please pull my head out of my ass, I am running out of oxygen...
  • #127
  • Dec 16, 2009 5:36am Dec 16, 2009 5:36am
Quoting zebulon
DECEMBER UPDATED = 850 pips
anyway i think its nice to add ur entry order into the charts. =D haha just a suggestion. with the number of lots u entered.
  • #128
  • Dec 16, 2009 5:51am Dec 16, 2009 5:51am
Now i'm forward testing the strategy in my demo account...

Until now i've made 4 orders..
The first 2 closed in gain (blue), the 3rd closed in loss (red), now i'm long with 0.20 lots and the order is open...

R G G ?
- + - +

Pips sequence:
+50 +50 -50 ?
Market is like a puzzle, YOU have to fit the pieces!!
  • #129
  • Dec 16, 2009 10:09am Dec 16, 2009 10:09am
Quoting Chris_B
Now i'm forward testing the strategy in my demo account...

Until now i've made 4 orders..
The first 2 closed in gain (blue), the 3rd closed in loss (red), now i'm long with 0.20 lots and the order is open...

R G G ?
- + - +

Pips sequence:
+50 +50 -50 ?
Update:

R G G G ?
- + - + -

Pips sequence:
+50 +50 -50 +100 ?
TOTAL: +150
Attached Image
Market is like a puzzle, YOU have to fit the pieces!!
  • #130
  • Dec 16, 2009 11:43am Dec 16, 2009 11:43am
Update:

R G G G R ?
- + - + - +

Pips sequence:
+50 +50 -50 +100 +50 ?
TOTAL: +200
Attached Image
Market is like a puzzle, YOU have to fit the pieces!!
  • #131
  • Dec 16, 2009 1:23pm Dec 16, 2009 1:23pm
Zebulon,
Do you worry at all about the weekend gap, or do you find that because you have 50 pips of "wiggle room" that it's not much of a factor? By the way, I'm loving this method! Thanks for sharing!
  • #132
  • Dec 16, 2009 5:48pm Dec 16, 2009 5:48pm
Quoting Tresuz
Zebulon,
Do you worry at all about the weekend gap, or do you find that because you have 50 pips of "wiggle room" that it's not much of a factor? By the way, I'm loving this method! Thanks for sharing!
I don't worry, i place orders even before the week end...
  • #133
  • Dec 16, 2009 10:09pm Dec 16, 2009 10:09pm
++++++
+-+-+-

50-50+100-50+50-50=50pips.

for this method. i think if GBP is on a very trendy chart then we wont earn alot already. for these few days the chart is very ranging thats why we are taking all the pips. =D

when it comes to trend chart. we are a bit on the struggling side. u guys agree?
  • #134
  • Dec 16, 2009 11:52pm Dec 16, 2009 11:52pm
hi everyone
very good work
but there is something strange
can i get this one in my trade
-50-100-200-50-100-200=-700
cuz if i cant there is a perfect system we can test it togather


waiting for ur answer
  • #135
  • Dec 17, 2009 1:17am Dec 17, 2009 1:17am
Quoting ja5on
++++++
+-+-+-

50-50+100-50+50-50=50pips.

for this method. i think if GBP is on a very trendy chart then we wont earn alot already. for these few days the chart is very ranging thats why we are taking all the pips. =D

when it comes to trend chart. we are a bit on the struggling side. u guys agree?
50-50+100-50+100-50=100 pips.
in a trend, we win 50 pips each time we goes 2 candles...
  • #136
  • Dec 17, 2009 1:17am Dec 17, 2009 1:17am
Quoting majedgucci
hi everyone
very good work
but there is something strange
can i get this one in my trade
-50-100-200-50-100-200=-700
cuz if i cant there is a perfect system we can test it togather


waiting for ur answer
Yes, this could happen !
  • #137
  • Dec 17, 2009 2:27am Dec 17, 2009 2:27am
Update:

R G G G R R R ?
- + - + - + - /

Pips sequence:
+50 +50 -50 +100 +50 -50 +100
TOTAL: +250

I had a problem tonight...when the candle closed my broker didn't allow me to insert new orders...it gave me error...so i'm missing the last candle...
Attached Image
Market is like a puzzle, YOU have to fit the pieces!!
  • #138
  • Dec 17, 2009 3:51am Dec 17, 2009 3:51am
Update:

R G G G R R R R R ?
- + - + - + - + - +

Pips sequence:
+50 +50 -50 +100 +50 -50 +100 -50 +100 ?
TOTAL: +300

Ok...i missed a candle but i followed the sequence (restaring with 0.1) and the last trade went right...so virtually i'm in the same position of taking -50 and +100.
Market is like a puzzle, YOU have to fit the pieces!!
  • #139
  • Dec 17, 2009 4:35am Dec 17, 2009 4:35am
Quoting Chris_B
Update:

R G G G R R R ?
- + - + - + - /

Pips sequence:
+50 +50 -50 +100 +50 -50 +100
TOTAL: +250

I had a problem tonight...when the candle closed my broker didn't allow me to insert new orders...it gave me error...so i'm missing the last candle...
Hello, Chris! Are you manually drawing your bars?
It seems you are using MT4, but your cable chart is set on M2... But, that cannot be possible, because you don't see such volatility on the M2 chart.
Also, I see that you went short on the last candle from the top, instead of entering long due to the previous 3 green candles.
Looking forward for your reply. Thank you!
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #140
  • Dec 17, 2009 4:57am Dec 17, 2009 4:57am
Quoting Cornelius
Hello, Chris! Are you manually drawing your bars?
It seems you are using MT4, but your cable chart is set on M2... But, that cannot be possible, because you don't see such volatility on the M2 chart.
Also, I see that you went short on the last candle from the top, instead of entering long due to the previous 3 green candles.
[size=3][font=Comic Sans MS][color=blue]Looking...
I think that if you read the entire thread you find the answers....

Anyway...this is the alternative methods...it not depends on previous 3 candles...
And then...i posted in the thread an EA (or script) to draw with MT4 the candles with instructions on how to make it work....
Market is like a puzzle, YOU have to fit the pieces!!
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