Nice trades saint !
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DislikedI've improved the indicator PRC (Pip Range counter), it will help us to count all favorable and unfavorable patterns for this method, you can change the parameter Range to test another frames and ranges different from 50 pips.
The indicator will tell us if the method is currently profitable or not. If potential value is positive the method is currently profitable, if potential value is negative the method is not currently profitable.
Remember that you need to switch to a lower time frames if you want counter patterns with lower range.
I...Ignored
Dislikedfebruar results
patern GG, RR
4wins 1 loss(300pips profit)
patern RG,GR
2 wins 2 losses(100pips loss)
marth results
2 wins, every patern one win
seems that GR, RG patern didn`t like this strong trending market last monthIgnored
DislikedAWESOME!!!!.... One more thong though, i seem to b having a problem plotting the 1000sma filter on my chart.. do i put the settings at "close" or "open"..the ma just wldnt show on my chart once i enter the paameter...u know anything i can do about that?...thanx in advanceIgnored
Dislikedp.S...once i put the moving average back to 100 again it will display, i think it has somrthing to do with the "1000"figureIgnored
DislikedIt is on close. on 15 min chart it is ema 1000, if you use 30 min chart it has to be ema500Ignored
Dislikedit is exponential ma.
in the chart you can see a RG patern that was a lossing one, and after that there were RR patern that was a win. next trade with GR or RG patern will be only after trend. it is actually like RRG or GGR patern to be more presicely. but remember it has to be with acordance with the ema. RG and GR goes against ema, and RR GG paterns goes only with trend.Ignored
DislikedThanks for your answers. You cleared my confusion.
So you changed from SMA to EMA? Has it proven to be more profitable?Ignored
DislikedSorry it is sma, I forgot myself. I don`t think it has any crutial importance. So you scould get same picture with both of them.But I use sma.Ignored
DislikedThank you so much Saintsurfer, do you mind posting when you decide to take trades with your system more often. I really like the idea, i'm going to start trading with your version on my live from tomorrow.Ignored