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50 pips candle system

  • #841
  • Mar 21, 2010 3:27pm Mar 21, 2010 3:27pm
Quoting Archie
Saintsurfer,

What difference in profitability have you experienced with the RG/GR in terms of using SL 100 instead of 150?

Regards

Archie
You can test and see, but for the gbp/usd it is not worth trading with 100 pips sl, results are poor. But it is quite good with 150.
So it works.
But for the eur/jpy with 200 pips box size it is not sush big diference, just less consecutive losses(only one in a row in 2009) And if to use it with d`alembert function it is worth to use 300 sl.
But if someone asked me witch patern and pair is best of all, I would point GBP/JPY with 250 tp/sl GG,RR , only two consecutive losses in a row in 2009 and good results. But I will use them all for some kind of diversification.
  • #842
  • Mar 21, 2010 4:10pm Mar 21, 2010 4:10pm
Quoting Saintsurfer
You can test and see, but for the gbp/usd it is not worth trading with 100 pips sl, results are poor. But it is quite good with 150.
So it works.
But for the eur/jpy with 200 pips box size it is not sush big diference, just less consecutive losses(only one in a row in 2009) And if to use it with d`alembert function it is worth to use 300 sl.
But if someone asked me witch patern and pair is best of all, I would point GBP/JPY with 250 tp/sl GG,RR , only two consecutive losses in a row in 2009 and good results. But I will use them all for some kind...
Thanks for your fast answer, as always !

I am testing and trying out different pairs as well, but haven't quite got the reliability that I am looking for in testing.

I tried EURUSD, and it seems that 25-50 will work ok, but I need to test more. I will try the GBP/JPY as well.

Great that you keep this thread alive. Good work!

Archie
  • #843
  • Mar 21, 2010 4:26pm Mar 21, 2010 4:26pm
It`s good that you are testing, I see forward for some results out of it
  • #844
  • Mar 21, 2010 8:12pm Mar 21, 2010 8:12pm
Quoting Saintsurfer
It`s good that you are testing, I see forward for some results out of it
Hey Saintsurfer,
Great to see you put an ea together based on this thread.
I tried to run a back test this weekend, but under the journal tab found the ea was looking for a ma_angle indi so it wasn't taking any trades for me.
Can you post that indicator here?
Is that the only custom indicator the ea needs to work?
Or do you always turn the indis to false?
Thank you for posting the ea.
  • #845
  • Edited 6:36am Mar 22, 2010 1:16am | Edited 6:36am
Quoting 45Fxguy
Hey Saintsurfer,
Great to see you put an ea together based on this thread.
I tried to run a back test this weekend, but under the journal tab found the ea was looking for a ma_angle indi so it wasn't taking any trades for me.
Can you post that indicator here?
Is that the only custom indicator the ea needs to work?
Or do you always turn the indis to false?
Thank you for posting the ea.
The only indicator I use is sma filter. Or what I find most easy to use. That slope filter seems hard to get any positive impact.There is no need to have any custom indicator , it is just the angle of moving average is used here.
  • #846
  • Mar 22, 2010 1:49pm Mar 22, 2010 1:49pm
A new RG patern can be formed soon, anyone on trigger?
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  • #847
  • Mar 22, 2010 2:32pm Mar 22, 2010 2:32pm
Quoting Saintsurfer
A new RG patern can be formed soon, anyone on trigger?
My buy set-up has was trigered some moment ago...patiently waiting to see result
  • #848
  • Mar 22, 2010 2:34pm Mar 22, 2010 2:34pm
Hi,

Mine was triggered as well. So far negative, since I have spread of 4 pips..... Keeping fingers crossed!

Good luck to you!
  • #849
  • Mar 22, 2010 3:24pm Mar 22, 2010 3:24pm
Quoting Archie
Hi,

Mine was triggered as well. So far negative, since I have spread of 4 pips..... Keeping fingers crossed!

Good luck to you!
thanks, Kind of bad broker you use hm. have you used the EA for it or just manual?
  • #850
  • Mar 22, 2010 4:05pm Mar 22, 2010 4:05pm
Quoting Saintsurfer
thanks, Kind of bad broker you use hm. have you used the EA for it or just manual?

Ha ha, yes spreads for the GU are not the best. I'm thinking of changing, but so far I'm sticking to them.

No, the didn't go off , so I put it on manually.... I will monitor both EA and trade manually to see the difference, when I have the time.

Now, just must have had your trade triggered as well, with better spreads I hope
  • #851
  • Mar 24, 2010 9:39am Mar 24, 2010 9:39am
Anyone on the RR pattern now?, RG pattern ended with a loss but Im on the RR pattern now....lets see how it turns out
  • #852
  • Mar 24, 2010 1:00pm Mar 24, 2010 1:00pm
Quoting ife
Anyone on the RR pattern now?, RG pattern ended with a loss but Im on the RR pattern now....lets see how it turns out
Hi,

Yes I have a trade opened for that pattern. Evaluating the difference between 50 and 100 pip bars at the moment.

Also, has anyone had any success with the EA. It doesn't take any trades for me.

Archie
  • #853
  • Mar 24, 2010 1:24pm Mar 24, 2010 1:24pm
The RR pattern works for me today .
Am i alone with 50 pips bars ??

I've changed a little my rules, my filter is 5 sma (daily) and i play only RR and GG.
  • #854
  • Edited 2:15pm Mar 24, 2010 2:04pm | Edited 2:15pm
Quoting zebulon
The RR pattern works for me today .
Am i alone with 50 pips bars ??

I've changed a little my rules, my filter is 5 sma (daily) and i play only RR and GG.
No, I am looking at 50 pips as well, but with 500 SMA filter (30M). But do you always trade until the trade is over, that is following multiple RR patterns? It seems good, but may also cause more BE trades.

Btw, does anyone know how to apply a setting or indi to see the MA value (price) on the screen?

Archie
  • #855
  • Mar 24, 2010 2:52pm Mar 24, 2010 2:52pm
Quoting Archie
No, I am looking at 50 pips as well, but with 500 SMA filter (30M). But do you always trade until the trade is over, that is following multiple RR patterns? It seems good, but may also cause more BE trades.

Btw, does anyone know how to apply a setting or indi to see the MA value (price) on the screen?

Archie
Did u do any quick backtest on the 50pips bar using 500sma as filter on 30min...sounds like a good idea...and do u consider the counter trend patterns too? i mean the GR or RG patterns
  • #856
  • Mar 24, 2010 3:15pm Mar 24, 2010 3:15pm
Quoting ife
Did u do any quick backtest on the 50pips bar using 500sma as filter on 30min...sounds like a good idea...and do u consider the counter trend patterns too? i mean the GR or RG patterns

Well, I haven't quite got the backtest to work with the EA as I want to, still working on good results. However the results with C-speeds tester gives the following results from 1st Octobeer 1999 to 14th December 2009:

50 pips: 15 750 pips

100 pips: 5700 pips

Have you done any backtests with difference in profitability between 50 and 100 pips or other sizes?
  • #857
  • Mar 24, 2010 3:16pm Mar 24, 2010 3:16pm
Personnally, when there are multiple pattern, (RRRRRR), i take them all.

But i don't trade GR or RG.
  • #858
  • Mar 24, 2010 3:53pm Mar 24, 2010 3:53pm
Hi,

I did a test for the same period as above only taking the RR/GG patterns after a change in trend, that is GRR or RGG. The results were:

50 pips: 8050 pips

100 pips: 3400 pips
  • #859
  • Mar 24, 2010 4:01pm Mar 24, 2010 4:01pm
Quoting zebulon
Personnally, when there are multiple pattern, (RRRRRR), i take them all.

But i don't trade GR or RG.

Yes, I think that RR and GG patterns are more stable, and I personally like the better RR of 1:1, even though the RG/GR can be profitable as well.

In the long run I think that both 50 and 100 pips will be profitable, at least for now, but one always wonder which one that is going to be the long term winner


Archie
  • #860
  • Mar 24, 2010 4:10pm Mar 24, 2010 4:10pm
Quoting zebulon
Personnally, when there are multiple pattern, (RRRRRR), i take them all.

But i don't trade GR or RG.

Why do you use the SMA 500 instead of the SMA 1000?
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