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50 pips candle system

  • #581
  • Dec 17, 2009 6:47am Dec 17, 2009 6:47am
chart
Attached Image (click to enlarge)
Click to Enlarge Name: 09-12-17 13 32 50.jpg Size: 41 KB
  • #582
  • Dec 17, 2009 6:49am Dec 17, 2009 6:49am
Quoting Dori
Hello everybody,

I am new here, starting membership today.
I am from Brazil , so any english mistake should be forgiven..

Regarding your 50 pips method, I am starting to look at it and using the 15 min chart it seems to work well too. and it seems very profitable

I've been using something near that but with a little bit different method:
I use Parabolic SAR as the first referencial.

As soon as the first SAR point pops up, I subtract of it 50 pips or add 50 pips depending on what part of the chart it appears, and those are my Buy or sell...
Welcome Dori, are you sure you are not an English speaker

Your system sounds great to me. 300 SL now there's a one to ponder.
Looking forward to your script
  • #583
  • Dec 17, 2009 6:56am Dec 17, 2009 6:56am
Quoting zebulon
chart
The last green bar on your chart has it reached 1.6150 level? At my broker only to 1.6147.So I do not have the green bar yet.
  • #584
  • Dec 17, 2009 7:19am Dec 17, 2009 7:19am
Quoting Saintsurfer
The last green bar on your chart has it reached 1.6150 level? At my broker only to 1.6147.So I do not have the green bar yet.
With my broker, the price has reaches 1.6148
But with the spread, the sell price was 1.6146 and the buy price was 1.6150. That's why my buy order was touched and i draw a candle.
That's why there is some differences between my manual candles and EA...
  • #585
  • Dec 17, 2009 7:42am Dec 17, 2009 7:42am
Quoting zebulon
With my broker, the price has reaches 1.6148
But with the spread, the sell price was 1.6146 and the buy price was 1.6150. That's why my buy order was touched and i draw a candle.
That's why there is some differences between my manual candles and EA...
but earlear didn`t you wait the bid price to reach the round level? So that it is more clear.
  • #586
  • Dec 17, 2009 7:57am Dec 17, 2009 7:57am
It is a a not so little problem, a new order gets open and the one before stil need to go more up and even can not get closed if price finds the higest point there. I realy consider allways to use bid or ask price. Of course I will get diferent performance but the orders will be triggered at one time for cloce and open..
  • #587
  • Dec 17, 2009 8:05am Dec 17, 2009 8:05am
it would be nice if it was posible to buy and sell always at bid price and pay comisions insted of spread.
  • #588
  • Dec 17, 2009 8:10am Dec 17, 2009 8:10am
Hi Zebulon and friends !
I read the whole thread only yesterday evening in a cafe . Thanks for sharing !

Zebulon, with my Broco demo account I have (with simply the indicators) approximately 45 trades for this month. Because you trade manually, should it not be good for your pocket if you switched to a broker that takes a bit less commission ? Oanda is at 2.2 pips (compared to 4) for GBPUSD at this moment. 1.8 x 45 = 81 pips extra ! Easy money ! Ok, I know that the spread fluctuates at Oanda, but you could grasp at least half of that.
  • #589
  • Dec 17, 2009 8:17am Dec 17, 2009 8:17am
actualy people should trade with an ecn broker and it would help a lot, for me too
  • #590
  • Dec 17, 2009 8:18am Dec 17, 2009 8:18am
Quoting zebulon
Sorry, but i don't understand.
How can you win with 2 W and 10 L??

Yes it is very, very possible. All we have to do is trade (choose a pattern) such that the wins are not two places away from a loss.

I have looked at your data on the alternative method and you win most times trading like this. But once it went more than 12-rounds with a Win (W) that is two places away from a loss (L).

If we can find a pattern that will trade such that the wins (W) are not two places away from a loss in twelve or even fourteen rounds then we will win all the time.
  • #591
  • Dec 17, 2009 8:35am Dec 17, 2009 8:35am
Quoting Saintsurfer
actualy people should trade with an ecn broker and it would help a lot, for me too
I just opened my demo at MB ECN and they have a spread of about 1.5 to 2 pips fluctuating but the commission is also 0.5 pips. So that is not cheaper than Oanda.

But I don't know a broker with 0 spread and only commission. Do you know one Saintsurfer ?
  • #592
  • Dec 17, 2009 8:46am Dec 17, 2009 8:46am
Quoting CatMan
I just opened my demo at MB ECN and they have a spread of about 1.5 to 2 pips fluctuating but the commission is also 0.5 pips. So that is not cheaper than Oanda.

But I don't know a broker with 0 spread and only commission. Do you know one Saintsurfer ?
no but would like to
  • #593
  • Dec 17, 2009 1:00pm Dec 17, 2009 1:00pm
tkx all lads and lasies, great treed here. I put on stephen-50pips right now. Segestion to all for the newyear get a copybook and record all your trades and write your monthly tally's.
thats all for now K.I.S.S.
  • #594
  • Dec 17, 2009 2:26pm Dec 17, 2009 2:26pm
Quoting sangmane
Hello Kostas,

Pls find 50 pips EA below, it seems using MA as filter give improvement in result. Adding Zebulon's evolution, almost double the account in 1 year. Unfortunately, it's only in backtesting lol.
Your CCI filter seems contra productive. Pls experiment, tweak the setting, and post your result.

Hands in your balls, ooppss, ball in your hand now...

Edited:
- EA corrected for an error on lot size
- adding feature to save pattern as CSV file, which can be analyzed in excel by utilizing pivot table
sangmane,
Thanks for the EA fix. I just back tested with the new fixed EA, and it appears that using an MA as a filter produces WORSE results now.
  • #595
  • Edited 4:54pm Dec 17, 2009 4:26pm | Edited 4:54pm
Hi everybody, this is a profitable method, it is what the stats says, check for yourself this indicator i've developed, it is to count how many 'good patterns' and 'bad patterns' we have.

The indicator has 1 single parameter named range and yes it is the range to count, but if you want to change it you must use a lower timeframe to count lower ranges.

This indicator will show the winners patters and losers patterns, while winners > losers will get a profitable method to trade.

Take a look and post your comments.

PSD Thanks Zebulon for share the method.
Attached File(s)
File Type: ex4 PipRange.ex4   7 KB | 558 downloads
  • #596
  • Dec 18, 2009 2:06am Dec 18, 2009 2:06am
Thanks for this new tool Metroid.
Do you mean by "range" the amount of candles that the indicator calculates the patterns for ? This way is a bit ruff. It should be useful to have a date setting so that we could let it start counting patterns (from - till) starting from the beginning of the month for example. So that we can easily verify it's correctness.
The result of the count appears in the left upper corner of the down window. But have the green red stripes also a function for us ?
Is the indicator calculating 50 pips Bid to Bid price, without the spread or including the spread ? How much spread ? Sorry to ask ... but this should be an outside parameter too.
  • #597
  • Dec 18, 2009 5:20am Dec 18, 2009 5:20am
hi every one i just wanted to warn u guys that we have Calculate the spraed for example :

if we have gain 300 pip profit and we have made 50 positions , means

we got , 50x3= 150 pip spread .....the spread on the gbpusd is 3 pip so neto we have made this actuall month 150 pip.....

so all u guys jaust make sure that u r calculating true profit pips and , the EA that posted here is not good ,sorry about that i have make backtest and its not working well ,

good luck and thanks for every buddy for help .
  • #598
  • Dec 18, 2009 7:36am Dec 18, 2009 7:36am
Quoting Metroid
Hi everybody, this is a profitable method, it is what the stats says, check for yourself this indicator i've developed, it is to count how many 'good patterns' and 'bad patterns' we have.

The indicator has 1 single parameter named range and yes it is the range to count, but if you want to change it you must use a lower timeframe to count lower ranges.

This indicator will show the winners patters and losers patterns, while winners > losers will get a profitable method to trade.

Take a look and post your comments.

PSD Thanks Zebulon for share...
is it a laging version of priceaction trend ?
  • #599
  • Dec 18, 2009 8:21am Dec 18, 2009 8:21am
Quoting CatMan
Thanks for this new tool Metroid.
Do you mean by "range" the amount of candles that the indicator calculates the patterns for ? This way is a bit ruff. It should be useful to have a date setting so that we could let it start counting patterns (from - till) starting from the beginning of the month for example. So that we can easily verify it's correctness.
The result of the count appears in the left upper corner of the down window. But have the green red stripes also a function for us ?
Is the indicator calculating 50 pips Bid to Bid price,...
hi!, the range means the pips distance, 50 means that indicator will count the patterns when price touch 00 and 50; if for example you set range 25, the indicator will count patterns when price touch 00, 25, 50

I take note about date filtering, it is ok, but the first intention is to get accuracy about the method, because is there a possibility that the method dont work anymore someday.
  • #600
  • Dec 18, 2009 8:22am Dec 18, 2009 8:22am
Quoting paulw6182
is it a laging version of priceaction trend ?

Hi!, No it does not, really i dont know such indicator.
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