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50 pips candle system

  • #781
  • Edited 7:31am Mar 14, 2010 7:06am | Edited 7:31am
Quoting Saintsurfer
I made some tests, it seems that this method works only good enough with 200 pips bars. gbp/jpy is more volatile so I find it very natural. With 100 pips bars it is not very good. When testing 200 bars I used 200 sl and tp for RR, GG patern and 200tp and 300 sl for GR, RG patern. And hourly chart with 500 sma on it. It gives similar results to gbp/usd just less trades due to bigger bars.
Hi Saintsurfer,

Have you tested any other pairs, besides GU and GJ?
I was looking at EU, with smaller bars of 50 pips, and it seems ok. I will have a closer look though.

Also, I have a question regarding the patterns. You said before that RG or GR is actually RRG or GGR, but looking at the charts, only RG or GR can be just as profitable. However I may be wrong regarding this. What is your input?

Regards

Archie
  • #782
  • Mar 14, 2010 8:11am Mar 14, 2010 8:11am
Quoting Archie
Hi Saintsurfer,

Have you tested any other pairs, besides GU and GJ?
I was looking at EU, with smaller bars of 50 pips, and it seems ok. I will have a closer look though.

Also, I have a question regarding the patterns. You said before that RG or GR is actually RRG or GGR, but looking at the charts, only RG or GR can be just as profitable. However I may be wrong regarding this. What is your input?

Regards

Archie
I have tested many diferent pairs and gbp/usd seems to work best. and gbp/jpy with 200 pips work well. I will trade this pair as well.
You can take every GR RG if you want it will work, just I think it has smaller drowdown only taking the first patern.
  • #783
  • Mar 14, 2010 8:11am Mar 14, 2010 8:11am
hi everybody it looks like very interesting is here anybody who tries to make it automated this strategy with expert advisors?
  • #784
  • Mar 14, 2010 11:03am Mar 14, 2010 11:03am
Quoting Saintsurfer
I have tested many diferent pairs and gbp/usd seems to work best. and gbp/jpy with 200 pips work well. I will trade this pair as well.
You can take every GR RG if you want it will work, just I think it has smaller drowdown only taking the first patern.
Thanx so much for your input saintsurfer, but i think im really getting evrytin mixed up with this RG, RRG difference. can you please post a chart of 2 consecutive trade showing the difference in trades taken with RG and RRG pattern...Thanx in advance
  • #785
  • Mar 14, 2010 12:25pm Mar 14, 2010 12:25pm
Quoting ife
Thanx so much for your input saintsurfer, but i think im really getting evrytin mixed up with this RG, RRG difference. can you please post a chart of 2 consecutive trade showing the difference in trades taken with RG and RRG pattern...Thanx in advance
this is RG patern I trade, it is always the first oposite box after trend,
Attached Image (click to enlarge)
Click to Enlarge Name: renko stoch.gif Size: 32 KB
  • #786
  • Mar 14, 2010 1:33pm Mar 14, 2010 1:33pm
Quoting Saintsurfer
this is RG patern I trade, it is always the first oposite box after trend,
Thanx you so much Saintsurfer, i get it now.. yet another question though,during your backtest,did u consider only the RG pattern after the tren (cos i see those are the only ones u do take) and again do u, at the beginning of the week consider how the the pattern from the previous week or ends or u just start the pattern count newly again?
  • #787
  • Mar 14, 2010 2:44pm Mar 14, 2010 2:44pm
Just take first blue after at least two read or first red after at least two blue boxes. GGR patern above the sma or RRG patern below the sma and you will be just fine.
  • #788
  • Mar 14, 2010 4:13pm Mar 14, 2010 4:13pm
Saintsurfer,

Thanks for your great support with this system. Always detailed and fast answers.

Archie
  • #789
  • Mar 14, 2010 7:57pm Mar 14, 2010 7:57pm
Quoting ife
i dnt get what u r saying, i entered this paritcular set up it was a loss though, but i take it and im looking for the next set up again.... what exactly do u mean by entering from the box or entering from the high
If we had used the first top line as the start of the 100 pip we would have entered at the third red line down instead of the bottom of the second box.
  • #790
  • Mar 15, 2010 11:23am Mar 15, 2010 11:23am
We curently are in GGR patern and if it reaches the target 1.5 a RR patern will be valid. Just in case someone is in doubt
Attached Image (click to enlarge)
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  • #791
  • Mar 15, 2010 12:03pm Mar 15, 2010 12:03pm
Quoting Saintsurfer
We curently are in GGR patern and if it reaches the target 1.5 a RR patern will be valid. Just in case someone is in doubt
Saintsurfer,

Just a question of entry levels. Do you always make your entry and exit exactly at the 00-level, or do you wait for a breakthrough of some sort?

Regards

Archie
  • #792
  • Mar 15, 2010 12:38pm Mar 15, 2010 12:38pm
Quoting Archie
Saintsurfer,

Just a question of entry levels. Do you always make your entry and exit exactly at the 00-level, or do you wait for a breakthrough of some sort?

Regards

Archie
just OO level no exstra head break
  • #793
  • Mar 15, 2010 12:55pm Mar 15, 2010 12:55pm
Quoting Saintsurfer
just OO level no exstra head break
Thanks!

Some posts back you explained the TP and SL for the RRG and GGR patterns. I wonder what the difference in profitability is when choosing SL 150 instead of 100? I really don't like the RR...

Also, do you think that profitability for this system will change? It seems pretty robust, but requires trend. Have you had any losing months with this?
  • #794
  • Mar 15, 2010 1:09pm Mar 15, 2010 1:09pm
Quoting Saintsurfer
We curently are in GGR patern and if it reaches the target 1.5 a RR patern will be valid. Just in case someone is in doubt
Do you move your stops when a trade is one...say after to break-even after every 50pips or somehow...or do u just let your trade run ..lose or win
  • #795
  • Mar 15, 2010 1:14pm Mar 15, 2010 1:14pm
Quoting Archie
Thanks!

Some posts back you explained the TP and SL for the RRG and GGR patterns. I wonder what the difference in profitability is when choosing SL 150 instead of 100? I really don't like the RR...

Also, do you think that profitability for this system will change? It seems pretty robust, but requires trend. Have you had any losing months with this?
Maybe you do not know RR,GG sl and tp is same 100 pips
and for RRG,GGR sl is 150 and tp is 100.
My exsperience is still young on this strategy, but it works good enough to trade I thing for now. And sure it can possibly change and stop working,many systems are not safe of that. The main reason it can stop working would be diferent volatility I think and it means that in some periods diferent block size work beter /worse.But the bigger size the more stable it works(I mean comparing 25, 50, 100 block size)

I used to moove the sl to BE some time ago, but stoped doing this. It works better for me just leaving it as it is from the start.
  • #796
  • Mar 15, 2010 1:26pm Mar 15, 2010 1:26pm
Quoting Saintsurfer
Maybe you do not know RR,GG sl and tp is same 100 pips
and for RRG,GGR sl is 150 and tp is 100.
My exsperience is still young on this strategy, but it works good enough to trade I thing for now. And sure it can possibly change and stop working,many systems are not safe of that. The main reason it can stop working would be diferent volatility I think and it means that in some periods diferent block size work beter /worse.But the bigger size the more stable it works(I mean comparing 25, 50, 100 block size)

I used to moove the sl to BE some time...
Thanks for your answer. Quick as usual
  • #797
  • Mar 15, 2010 4:55pm Mar 15, 2010 4:55pm
Quoting Archie
Thanks for your answer. Quick as usual
Zebulon pays me sallary, so it is my job
  • #798
  • Mar 16, 2010 2:48am Mar 16, 2010 2:48am
Quoting Saintsurfer
Zebulon pays me sallary, so it is my job
.... and where has zebulon bn all this while?.... btw another winner on the GR pattern, hoping the RR pattern too turns out a win....Thanx so much for the contribution Saintsurfer.
  • #799
  • Mar 16, 2010 4:29am Mar 16, 2010 4:29am
RR pattern and trade executed this morning. Went south at first, but not going our way at the moment...
  • #800
  • Mar 16, 2010 9:04am Mar 16, 2010 9:04am
Hi

Are we talking about 2 or 3 patterns here...a bit confused.may be

Pattern 1: GG or RR
Pattern 2: GR (then sell if price above sma) or RG (then buy if price below sma)

Pattern 3: GGR or RRG

I do understand the first 2 patterns. if pattern 3 is different, can someone please explain a bit about this?

Thanks
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