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50 pips candle system

  • #741
  • Feb 1, 2010 6:14am Feb 1, 2010 6:14am
Nice trades saint !
  • #742
  • Feb 1, 2010 6:17am Feb 1, 2010 6:17am
Quoting zebulon
Nice trades saint !
it`s good while the wins are bigger then losses.
  • #743
  • Feb 1, 2010 4:23pm Feb 1, 2010 4:23pm
I just tested on C-speed tester GG, RR, GGGGR and RRRRG, with 10 SMA and it it profitable with or with out Martingale (Martingale just doubled profit).

There is result:

Testing Dates From: To:
Pair: GBP/USD Zebulon 50 Use Martingale (Reset Lot on 3rd straight loss) Use 10 Day SMA as filter

Price Sequence (4,353 Candles): Hide

Results:

WinningSequenceWinnersLosing SequenceLosersTotalWin%433GR38481753.00%605RG5021,10754.65%72GGGGG6313553.33%50RRRRR5310348.54%

Total (W/L):1,160 1,0022,16253.65%Total Pips:98,050 82,45015,600
I tested from 2000 too and it still profitable.

Now, it would be nice to see equity curve as, when I glanced over the log visually, I saw around 3000 pips drawdown (for Martingale) .

GG, RR, RG, GR profitable as well.
  • #744
  • Feb 2, 2010 11:11am Feb 2, 2010 11:11am
Saint and friends
I can not configure the indicator to mark ONLY the 00 levels .
Default is nlines 100 & gap is 50
When I change to 100 , 100 I don't get only the 00 levels.
Level may also change according to the pair I choose.
Pls advice
David
Attached Image (click to enlarge)
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  • #745
  • Edited 11:54am Feb 2, 2010 11:39am | Edited 11:54am
Saint
so we may have a possible Long trade @ 1.6000
price was just 6 pips from the entry price
SL 100 , TP 100 ?
let's see if we trigger this trade ...
David
Attached Image (click to enlarge)
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  • #746
  • Feb 2, 2010 12:18pm Feb 2, 2010 12:18pm
Yes It is an entree at 1.6
about the indicator I don`t know how to do that. I like the lines to be every 50 pips.
  • #747
  • Feb 28, 2010 2:13pm Feb 28, 2010 2:13pm
Quoting Metroid
I'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...
Metroid,

Thank you for sharing this pip range tool. Now eagerly awaiting the datetime based input filter.

If you can add drawdown calculator to it then it will be further helpful in hedging in same currency to preserve margin/capital and wait for retracement to happen which may take days or weeks but there won't be any loss except paper loss. Will need patience only. If the trading zone shifts you can see paper loss locked and wait for retracement to happen.

pj
  • #748
  • Mar 1, 2010 3:22am Mar 1, 2010 3:22am
Hi everybody,

I am signing up and testing Saintsurfer's approach of the system. Great work! I'll keep posting my results and thoughts.
  • #749
  • Mar 1, 2010 12:25pm Mar 1, 2010 12:25pm
Quoting Saintsurfer
it`s good while the wins are bigger then losses.
What were your result for february, if you dont mind
  • #750
  • Edited 2:34pm Mar 1, 2010 2:18pm | Edited 2:34pm
Quoting ife
What were your result for february, if you dont mind
februar 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 month
  • #751
  • Mar 1, 2010 3:55pm Mar 1, 2010 3:55pm
Quoting Saintsurfer
februar 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 month
AWESOME!!!!.... 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 advance
  • #752
  • Mar 1, 2010 4:00pm Mar 1, 2010 4:00pm
Quoting ife
AWESOME!!!!.... 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 advance

p.S...once i put the moving average back to 100 again it will display, i think it has somrthing to do with the "1000"figure
  • #753
  • Mar 2, 2010 1:43am Mar 2, 2010 1:43am
ANYBODY STILL HERE?!!
  • #754
  • Mar 2, 2010 2:23am Mar 2, 2010 2:23am
Quoting ife
p.S...once i put the moving average back to 100 again it will display, i think it has somrthing to do with the "1000"figure
It is on close. on 15 min chart it is ema 1000, if you use 30 min chart it has to be ema500
  • #755
  • Mar 2, 2010 3:07am Mar 2, 2010 3:07am
Quoting Saintsurfer
It is on close. on 15 min chart it is ema 1000, if you use 30 min chart it has to be ema500
Saintsurfer,

Thanks for your info about the results. You stated EMA 1000 above, and before you wrote SMA. Do you use the simple MA or the exponential? I got confused...

Also, when do you start another pattern after a winning or losing trade? Let's say price goes GR, and you make a trade. It's a loss, so now it's GRG, do you go for the RG as well? Or if it's GRR, do you start the RR-trade then?


Regards

Archie
  • #756
  • Mar 2, 2010 4:09am Mar 2, 2010 4:09am
it 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.
Attached Image (click to enlarge)
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  • #757
  • Mar 2, 2010 4:46am Mar 2, 2010 4:46am
Quoting Saintsurfer
it 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.
Thanks for your answers. You cleared my confusion.
So you changed from SMA to EMA? Has it proven to be more profitable?
  • #758
  • Mar 2, 2010 5:18am Mar 2, 2010 5:18am
Quoting Archie
Thanks for your answers. You cleared my confusion.
So you changed from SMA to EMA? Has it proven to be more profitable?
Sorry 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.
  • #759
  • Mar 2, 2010 6:37am Mar 2, 2010 6:37am
Quoting Saintsurfer
Sorry 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.
Thank 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.
  • #760
  • Mar 2, 2010 7:23am Mar 2, 2010 7:23am
Quoting ife
Thank 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.
I can`t garuanty I will do that, due to I can be very busy sometimes.when I will be able I will do that. Anyway if you have rules corect it is very easy. You can set pending orders and you will not miss anything. Good luck. We will be on one side of the trades either wining or losing
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