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50 pips candle system

  • #901
  • Apr 7, 2010 1:50am Apr 7, 2010 1:50am
Quoting Archie
Saintsurfer,

I have been doing some tests regarding the use of MA period. Actually this test perhaps seems pretty useless , but testing is always good for improvement. Perhaps the results are mostly random, but well well... I would appreciate your input and comparison of results. Looking at the results, I think that 5, 7 or 10 would be best.

I would gladly test the difference between SMA and EMA as well, but I am not that good at re-coding the EA for that purpose.

TP/SL/Range - 100 pips
Pattern - GG & RR

Time: 5 Jan 2009 - 2 April 2010...
what time frame you tested it on, Daily???
MA mode,- O stands for sma and 1 stands for ema if you need diferent kind of moving average.
  • #902
  • Apr 7, 2010 2:28am Apr 7, 2010 2:28am
Quoting Saintsurfer
what time frame you tested it on, Daily???
MA mode,- O stands for sma and 1 stands for ema if you need diferent kind of moving average.

Yes, it was tested on daily, so 10 SMA equals almost 1000 SMA on 15M, which is what I use.

I will do some testing for the EMA as well. Since this is more of a long term slow system, perhaps the SMA is better, but we will see.

Archie
  • #903
  • Apr 7, 2010 2:42am Apr 7, 2010 2:42am
Actually I am desided only to trade GG and RR paterns for gbp/usd 100 pips and gpp/jpy 250 pips bars. Just it doesn`t mean that GR RG doesen`t work anymore. But I always was trend lover and resently got a little bit influensed once more only to trade with the trend, so will keep with it.
  • #904
  • Apr 7, 2010 3:06am Apr 7, 2010 3:06am
I think this RenkoRangeBars chart could be useful for you.

This is 50 pip chart without wicks.

Lubo.
Attached Image (click to enlarge)
Click to Enlarge Name: 50piprangerenko.gif Size: 22 KB
If I know how, I tell You!! Few but Good!!
  • #905
  • Apr 7, 2010 3:29am Apr 7, 2010 3:29am
Quoting LuboLabo
I think this RenkoRangeBars chart could be useful for you.

This is 50 pip chart without wicks.

Lubo.
That`s great we will not need that strange `prise change chart` indicator anymore.
Thank you very much for the link
  • #906
  • Apr 7, 2010 1:34pm Apr 7, 2010 1:34pm
Quoting zebulon
Tudo bem ?
Each time the price reach a round level, i draw a bar. I hope this chart will explain...
Thanks Zebulon , the chart helped a lot
  • #907
  • Apr 8, 2010 4:53pm Apr 8, 2010 4:53pm
Hi guys. You are doing a lot of good work here keep on

I did some backtest with Saintsurfer"s method with some modifications. I use 300 SMA on 4H TF as a filter and only take a GG & RR pattern in trend direction (price below/above SMA) TP & SL is 100 pips.

I ve been testing on 4h chart because I tried to make so much trades as possible and I dont have an older data in my MT4 so you should be careful there because the boxes in PriceChangeChart1 indicator sometimes arent drawn correctly( for example bigger pin bar crossing two round numbers won"t draw a box and if you are just looking at the chart and searching for possible profits(3xGGG) there can be mistake, only GG there but profit is hidden in that pinbar so rather check it on 1H timeframe) -hope you understand

The data which I d tested are about 1-2 years old...dont know exactly
There is a result :

EURUSD - 3600 pips (96 trades)
GBPUSD - 2700 pips (127 trades)
EURGBP - 700 pips (96 trades) - trading with 50 pip box
GBPJPY - 1000 pips (46 trades) - not full backtest just few trades
EURJPY - 1700 pips (135 trades)
USDJPY - 1800 pips (94 trades)
AUDUSD - 1000 pips (68 trades)

I tried to look at EURJPY and GBPJPY and consider to trade a 200 pip box but I didnt like it at all so I tried 100.

This strategy seems to be simple and logical - price will rally a 200 pip move(2 boxes) in overall trend through ps.levels and we are awaiting for 100 others pips. It should be trade with smaller lot size than your usual if you want to trade these pairs together...because in range it hasnt a good results...I had max. 6 losses in a row - 600 pips...maybe a deeper backtest would say more

I havent tried the other pattern which saintsurfer mentioned here with 150 pip SL, so if somebody would do it I will be pleased

Mike
  • #908
  • Apr 9, 2010 2:16am Apr 9, 2010 2:16am
Quoting LuboLabo
I think this RenkoRangeBars chart could be useful for you.

This is 50 pip chart without wicks.

Lubo.
Good tool for drowing the candles, but mooving average can not be used same as on usual chart hm. 10 sma looks to be simmilar to what 500 on 30 min chart, it even gives sense to use ema instead of sma or smaller average. I will behold both charts for now to be more clear.
  • #909
  • Apr 9, 2010 2:16am Apr 9, 2010 2:16am
Funny enuff , i jst seem to be more comfortable with sainsurfer's method of the 100pip bar than the 50pip bar of zubulon's...maybe its just me...
  • #910
  • Apr 9, 2010 2:28am Apr 9, 2010 2:28am
Quoting Saintsurfer
Good tool for drowing the candles, but mooving average can not be used same as on usual chart hm. 10 sma looks to be simmilar to what 500 on 30 min chart, it even gives sense to use ema instead of sma or smaller average. I will behold both charts for now to be more clear.
U can't compare ma on renko with one on TF based chart, since renko is timeless.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #911
  • Apr 9, 2010 6:08am Apr 9, 2010 6:08am
Quoting LuboLabo
U can't compare ma on renko with one on TF based chart, since renko is timeless.

Lubo.
No doubt about it. Just need to find now the settings that is closest to we use on candle chart.
  • #912
  • Apr 10, 2010 2:36pm Apr 10, 2010 2:36pm
Quoting LuboLabo
I think this RenkoRangeBars chart could be useful for you.

This is 50 pip chart without wicks.

Lubo.
Hello, i cant see the renko chart ... can you help me please ( file is in "indicator" but nothing happened ! )

Thx for your answer
  • #913
  • Apr 10, 2010 3:56pm Apr 10, 2010 3:56pm
Quoting chapi
Hello, i cant see the renko chart ... can you help me please ( file is in "indicator" but nothing happened ! )

Thx for your answer
It's not an indicator but an EA, u must put it on expert folder, then u apply it on 1 min chart and open a 2 min offline chart, it starts only on market opened cos need live ticks.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #914
  • Apr 11, 2010 8:57am Apr 11, 2010 8:57am
Quoting katrooo
Hi guys. You are doing a lot of good work here keep on

I did some backtest with Saintsurfer"s method with some modifications. I use 300 SMA on 4H TF as a filter and only take a GG & RR pattern in trend direction (price below/above SMA) TP & SL is 100 pips.

I ve been testing on 4h chart because I tried to make so much trades as possible and I dont have an older data in my MT4 so you should be careful there because the boxes in PriceChangeChart1 indicator sometimes arent drawn correctly( for example bigger pin bar crossing two round...
It is good that you are testing, but it dosen`t give better results with bigger moving average. And I don`t know how you get these results. good luck.
  • #915
  • Apr 13, 2010 5:13am Apr 13, 2010 5:13am
You can post a resume of all trading methods here:

Zebulon: RR & GG patterns. Trading RR only if the price is below of SMA 5 on Daily TF, and GG above.

Archie: Only GG & RR patterns. TP & SL of 100 pips. SMA 1000 on 15min TF.

Saintsurfer: 100 Pips on GU and 250 GJ.
  • #916
  • Edited 5:45am Apr 13, 2010 5:26am | Edited 5:45am
Quoting Saintsurfer
No doubt about it. Just need to find now the settings that is closest to we use on candle chart.
Saintsurfer,

Have you tested any other RR, such as 2:1? I think that increasing the RR is quite crucial, but I have tried testing with the EA, but it seems that it's hard to go under TP/SL 100 on GU, and TP 200 seems to high.

I got the following, increasing the TP for less than 2:1, but still higher (the best results I got). Perhaps does not seem like it is worth changing....

GBPUSD (TP/SL/Range)

150/100/100 - 1940 pips, 48% winning trades, 5 consecutive wins, 8 consecutive losses
100/100/100 - 2460 pips, 62% winning trades, 6 consecutive wins, 6 consecutive losses


GBPJPY (TP/SL/Range)

250/150/250 - 2210 pips, 50% winning trades, 3 consecutive wins, 3 consecutive losses
250/250/250 - 2070 pips, 60% winning trades, 4 consecutive wins, 3 consecutive losses



Regards

Archie
  • #917
  • Apr 13, 2010 7:58am Apr 13, 2010 7:58am
Quoting Archie
Saintsurfer,

Have you tested any other RR, such as 2:1? I think that increasing the RR is quite crucial, but I have tried testing with the EA, but it seems that it's hard to go under TP/SL 100 on GU, and TP 200 seems to high.

I got the following, increasing the TP for less than 2:1, but still higher (the best results I got). Perhaps does not seem like it is worth changing....

GBPUSD (TP/SL/Range)

150/100/100 - 1940 pips, 48% winning trades, 5 consecutive wins, 8 consecutive losses
100/100/100 - 2460 pips, 62% winning trades, 6 consecutive...
What time frame and average have you used here for gbp/jpy ?
  • #918
  • Apr 13, 2010 8:56am Apr 13, 2010 8:56am
Quoting Saintsurfer
What time frame and average have you used here for gbp/jpy ?
I have used the same as for GU, 15M with 1000 SMA.
The period was from 5 Jan 2009 to 2 April 2010.

Archie
  • #919
  • Apr 13, 2010 9:16am Apr 13, 2010 9:16am
Quoting Archie
I have used the same as for GU, 15M with 1000 SMA.
The period was from 5 Jan 2009 to 2 April 2010.

Archie
for gbp/jpy I use 600sma on 1H chart, or 1200 on 30min. I think it works better.
  • #920
  • Apr 19, 2010 12:10am Apr 19, 2010 12:10am
My first g/j trade with 250 bars will be posibly trigered today to the short side when/if it goes as low as 140.0
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