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50 pips candle system

  • #681
  • Jan 2, 2010 12:28pm Jan 2, 2010 12:28pm
Quoting Saintsurfer
C-speed says it uses som degree of slope so thats way I ask to be sure when I want to trade manually
The slope is calculated as follows:

if Current SMA > Previous SMA Then Slope = Up

if Current SMA < Previous SMA Then Slope = Down
  • #682
  • Jan 2, 2010 1:12pm Jan 2, 2010 1:12pm
Quoting C-speed
The slope is calculated as follows:

if Current SMA > Previous SMA Then Slope = Up

if Current SMA < Previous SMA Then Slope = Down
And degree of the slope is not important just if the last ten days sma is more up then previous ten days so long trades allowed???
  • #683
  • Jan 2, 2010 2:43pm Jan 2, 2010 2:43pm
Quoting C-speed
The slope is calculated as follows:

if Current SMA > Previous SMA Then Slope = Up

if Current SMA < Previous SMA Then Slope = Down
I see, that little bug got me confused. So mainly if the ma is up it will only take trades going up GG RG, ma down takes RR GR.

That makes sense now
  • #684
  • Jan 2, 2010 8:07pm Jan 2, 2010 8:07pm
Quoting saunga2nd3
I see, that little bug got me confused. So mainly if the ma is up it will only take trades going up GG RG, ma down takes RR GR.

That makes sense now
Yup! You got it!
  • #685
  • Jan 3, 2010 12:33am Jan 3, 2010 12:33am
Its taken me 2 days to read this whole thread.
But just to confirm: GG buy RGR buy RR sell GRG sell

I'm playing with the RenkoRangeBarsV1.1 to make this work.

Overall this looks nice and simple which is what I like.
  • #686
  • Jan 3, 2010 4:18am Jan 3, 2010 4:18am
wonder where zebulon went to. holidays? =D
  • #687
  • Jan 3, 2010 9:52am Jan 3, 2010 9:52am
hello all

can we use the tick collector to draw the 50 pip levels into exel
......
Attached File(s)
File Type: xls Copy of TickColectorFinal-2.xls   50 KB | 324 downloads
  • #688
  • Jan 3, 2010 1:03pm Jan 3, 2010 1:03pm
Quoting hanover
Just wanted to point out that, if you're going to use any kind of progressive sizing (e.g. Martingale, d'Alembert, Fibonacci, Guetting, etc), the only way that it will ultimately prove advantageous is if the larger sizes coincide with higher probability trades.

It can be shown mathematically that MM in itself does not alter trade expectancy (I attached an XLS demonstrating this here). Hence if you use progressive sizing merely to try to recover...
Another golden post, Hanover!
  • #689
  • Jan 4, 2010 3:53am Jan 4, 2010 3:53am
Happy new year to all of you !!

I'm back from holidays, and had lots of days to think, work, search about this method.
With his fantastic tool, C-speed tought us the system was good the last months, but not before.
We learnt that martingale was dangerous, even with 3 levels.

So i go back to work and try to find something new to improve this system or a different way to use it, because my goal is a system which is winning every month...
I think we are on the good way, but there is still work to do !

You are all wellcome here to bring new ideas.

  • #690
  • Jan 4, 2010 3:10pm Jan 4, 2010 3:10pm
Quoting zebulon
Happy new year to all of you !!

I'm back from holidays, and had lots of days to think, work, search about this method.
With his fantastic tool, C-speed tought us the system was good the last months, but not before.
We learnt that martingale was dangerous, even with 3 levels.

So i go back to work and try to find something new to improve this system or a different way to use it, because my goal is a system which is winning every month...
I think we are on the good way, but there is still work to do !

You are all wellcome here to bring new ideas....
Zebulon,

I think you got a winner here. Problem is you need to adjust to the market's volatility. Martingale as money management doesn't work if your odds are not good. From what I've seen, the most you're gonna get with this system is about 68-69 win% rate. But mostly it ranges in the 50's. I think this system benefits from a 3 level martingale as it will level out the losses and let you keep most of the profit. If your odds are less than 50%, martingale can put you deeper in the hole. Read hanover's thread where a few members talk about why martingale works and why it doesn't. Thanks David.

Take a cable chart and attach an atr with a setting of 14. I was using a 4h chart. Scroll back and check the volatility. Where you see atr reaching 100 pips or 0.01, you can see the price bars getting longer. With lower readings of 50 pips or less you can see little ranges from high to low. RG and GR sequences have higher win% during times of low volatility. GG and RR have higher win% during times of high volatility. But this is only backtest and without spread.

The greenback behaves a little different. If you follow the same logic it seems to give back most of the profit during spikes or news. I find atr doesn't work too well. Following the pair's direction seems to be best way. Perhaps using the ma filter is the way to go with this one, but I haven't toyed around with this much.

I hope this helps a little.
  • #691
  • Jan 4, 2010 3:25pm Jan 4, 2010 3:25pm
Anybody using the ea's? They don't seem to working for me. The 50pipcandle v2 seems to be skipping trades.

I dunno
  • #692
  • Jan 5, 2010 7:25am Jan 5, 2010 7:25am
I trade now with my "classic" method but i'm still on demo with this one and working on it. I will tell you when i 'll find solutions to improve the results...
  • #693
  • Jan 8, 2010 11:36am Jan 8, 2010 11:36am
I may say what I finally found usefull from this thread that looks consistent and profitable enough.
I use 100 pips bars, no any martingale,sma 1000filter(15minTF)witch means if the price is over the average I take only long and if the price is below the average I take only short.
paterns GG-indicate long,RR-indicate chort
But One important thing I take only one trade not trading til the trend ends. So it means that you can`t test with the tester or it needs `patern no trade ` function .
In 2009 83 trades with 61.45 positive trades and it gives 1900 pips. You may self deside if it satisfies you...
  • #694
  • Jan 8, 2010 12:41pm Jan 8, 2010 12:41pm
Quoting Saintsurfer
I may say what I finally found usefull from this thread that looks consistent and profitable enough.
I use 100 pips bars, no any martingale,sma 1000filter(15minTF)witch means if the price is over the average I take only long and if the price is below the average I take only short.
paterns GG-indicate long,RR-indicate chort
But One important thing I take only one trade not trading til the trend ends. So it means that you can`t test with the tester or it needs `patern no trade ` function .
In 2009 83 trades with 61.45 positive trades and it gives...
Thank you for this good job !
  • #695
  • Jan 11, 2010 10:16am Jan 11, 2010 10:16am
Quoting Saintsurfer
I may say what I finally found usefull from this thread that looks consistent and profitable enough.
I use 100 pips bars, no any martingale,sma 1000filter(15minTF)witch means if the price is over the average I take only long and if the price is below the average I take only short.
paterns GG-indicate long,RR-indicate chort
But One important thing I take only one trade not trading til the trend ends. So it means that you can`t test with the tester or it needs `patern no trade ` function .
In 2009 83 trades with 61.45 positive trades and it gives...
can you please post a chart pic of your set up with some explations?
I'm trying to figure this out as well. I like the idea, i also like the look and feel of renko but that may be my error. the renko is a strange indicator
  • #696
  • Edited Jan 12, 2010 5:18am Jan 11, 2010 11:49pm | Edited Jan 12, 2010 5:18am
Quoting tommbstone
can you please post a chart pic of your set up with some explations?
I'm trying to figure this out as well. I like the idea, i also like the look and feel of renko but that may be my error. the renko is a strange indicator
Here it is, you see those two first blue bars they are my trigger. For 100 pips.TP 100, Sl 100
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 20 KB
  • #697
  • Edited 1:06am Jan 13, 2010 12:58am | Edited 1:06am
1.Are you using that "price change indicator"?

2.So you went long at the top of the blue box? tp 100 and the SL is at the bottom of the same blue box?

3.So you start counting green and red bars from Market open every week? Other wise we would all have different RG GR patterns. Need a universal starting point.

Thx for your help.. I'm a noob but learning fast.
  • #698
  • Jan 13, 2010 2:02am Jan 13, 2010 2:02am
Quoting tommbstone
1.Are you using that "price change indicator"?

2.So you went long at the top of the blue box? tp 100 and the SL is at the bottom of the same blue box?

3.So you start counting green and red bars from Market open every week? Other wise we would all have different RG GR patterns. Need a universal starting point.

Thx for your help.. I'm a noob but learning fast.
1. Yes I do
2. I went long after 2 blue bars completed. GG and buy(BB in my case)tp100 sl 100
3. I don`t count anything just if I find two GG or two RR means buy or sell.
And very important is the sma filter. That second blue bar has to close over the average 1000(15min chart) And second red bar below it.
  • #699
  • Jan 14, 2010 12:03am Jan 14, 2010 12:03am
your filter is 1000 (on 15min) SMA or EMA?

So right now we have 4 blue box's in a row (bars) your long over the last one since its over the 1000 line correct? or are you waiting for second confirmation from something else?

Thx again.
Attached Image (click to enlarge)
Click to Enlarge Name: zebulonsystem.gif Size: 16 KB
  • #700
  • Jan 14, 2010 2:25am Jan 14, 2010 2:25am
Quoting tommbstone
your filter is 1000 (on 15min) SMA or EMA?

So right now we have 4 blue box's in a row (bars) your long over the last one since its over the 1000 line correct? or are you waiting for second confirmation from something else?

Thx again.
I gess you are using 50 pips bars or something becose I only have three blue bars in a row. I use 100 pips bars.Only this confirmation. And average is sma1000.
Actually odds are on our side if also to sell after three blue bars becose I only find profitable to go long for one blue bar after 2 first bars completed. So it means that it is also good to sell after the three blue bars.
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