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The DIBS Method... No Free Lunch continues

  • #9,881
  • Dec 6, 2010 5:46am Dec 6, 2010 5:46am
Now hitting a previous supply area to the left, trade still open, waiting for a close below the ema for an exit. Need some serious demand to push higher though...we shall see.
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Seek not to change the world; seek only to change your mind about the world
  • #9,882
  • Dec 8, 2010 5:38am Dec 8, 2010 5:38am
Hi all,

Just a post to say big thanks for Jaroo, Peter and others who have contributed to this system. I have copied each and every post from Peter and I plan to read it til I go blind
Trading is a test match not a Twenty20.
  • #9,883
  • Dec 12, 2010 12:20pm Dec 12, 2010 12:20pm
Quoting Adilius07
Hello Traders, this thread is more than 2 years old. May I kindly ask if anyone was able to make some kind of profit with this method?
LOL!!

yes... the brokers did.
  • #9,884
  • Dec 12, 2010 12:21pm Dec 12, 2010 12:21pm
Quoting highneb
LOL!!
not you for sure
  • #9,885
  • Dec 20, 2010 12:09pm Dec 20, 2010 12:09pm
seriously, this system is profitable yet?
  • #9,886
  • Dec 20, 2010 3:32pm Dec 20, 2010 3:32pm
Quoting rlpaludo
seriously, this system is profitable yet?
Figure it out yourself.
Leonardo Follower
  • #9,887
  • Dec 20, 2010 4:04pm Dec 20, 2010 4:04pm
Quoting shodd
Figure it out yourself.
Yep. This truly is the only way. Do some work. I can guarantee you won't make a profit if you don't.
Gone to a better place
  • #9,888
  • Dec 21, 2010 1:58am Dec 21, 2010 1:58am
Quoting rlpaludo
seriously, this system is profitable yet?
oh brother Do we really have to go through this???
  • #9,889
  • Dec 21, 2010 3:30am Dec 21, 2010 3:30am
Quoting Razor_trader
oh brother Do we really have to go through this???
My backtests show no. It is not profitable. Yeah I did not go 20 years back to test (think is dumb) but recent PA show it is not. If you take every setup you will not make any money, too many cuts will ruin your account. If you filter and take what you think are "best setups" you will ruin even faster, because those that look bad will end up runners.

Of course that is only my personal opinion. But if you see that no one really can't show any prove in 2-3 years, you have something to think about...

Looks nice, talk nice, idea is amazing cutting lossers fast letting profits run... sometimes a sample trades are awesome really... those that are posted.. noone post losing trades though (like 20 stop-losses in a row) hehe..
  • #9,890
  • Dec 21, 2010 4:13am Dec 21, 2010 4:13am
Quoting Adilius07
My backtests show no. It is not profitable. Yeah I did not go 20 years back to test (think is dumb) but recent PA show it is not. If you take every setup you will not make any money, too many cuts will ruin your account. If you filter and take what you think are "best setups" you will ruin even faster, because those that look bad will end up runners.

Of course that is only my personal opinion. But if you see that no one really can't show any prove in 2-3 years, you have something to think about...

Looks nice, talk nice, idea is amazing cutting...
The problem is everyone trades inside bars their own way, i trade them on daily charts only with my own "edge", as for making money, i have about a 50% win rate...."is that all?" i hear you say..well, yes..but they average a 3:1 R/R which makes this profitable.

I do not trade with Peter`s rules, just my own.

If you are trying to achieve 80 90 100% winners, you aint gonna (mmm bad gramma) just look at the amount of threads and indicators here. A nice simple system, good MM, clear precise entries and exits....and i don`t mean crossing your fingers and hoping for the best, is all you need to be profitable.

Inside Bars are a great way to trade but they are only part of the strategy.
Seek not to change the world; seek only to change your mind about the world
  • #9,891
  • Dec 21, 2010 4:19am Dec 21, 2010 4:19am
Quoting gez40
The problem is everyone trades inside bars their own way, oping for the best, is all you need to be profitable.

Inside Bars are a great way to trade but they are only part of the strategy.
Agree. I still hope I can make it profitable in my own way.
DIBS is disscused here, and there are clear rules for how to trade it.
And as I see many traders left this method and are active with the other things. Ok, I do not want to offend those that are doing well and trading this same method. I really have not spend that much time with it to judge, so I would rather go back to my regular thread.

Good luck and good trading!
  • #9,892
  • Dec 21, 2010 7:13am Dec 21, 2010 7:13am
Hi Peter,

I have been reviewing your thread and definitely like the look of this method. I just have a few questions.

The first is when you say 0600 gmt time or 00:00 central time the market on metatrader is already 8 hours into the open of the new day, but you advise us to pay attention to the open of the first 9 hrs.

My question is how can I do that if the market is already 8hrs into the new day at 00:00 central time/0600 gmt time?

My next questions is can this method be used on the H4 time frame while still utilizing the Day chart for day trend of the H4 price action?

Would you suggest sticking with H1 chart until this method is mastered by those who really want to make money?

I really appreciate your time and look forward to your response. Thank you for the guidance.
  • #9,893
  • Dec 21, 2010 7:34am Dec 21, 2010 7:34am
Quoting Adilius07
My backtests show no. It is not profitable. Yeah I did not go 20 years back to test (think is dumb) but recent PA show it is not. If you take every setup you will not make any money, too many cuts will ruin your account. If you filter and take what you think are "best setups" you will ruin even faster, because those that look bad will end up runners.

Of course that is only my personal opinion. But if you see that no one really can't show any prove in 2-3 years, you have something to think about......
Adilius07 Could you please tell me over what period of time you carried out your test?Also what currency,what timeframe,and exact rules for exit and entry.The only reason i ask this is not to prove you wrong its only that i would like to post the results.
  • #9,894
  • Dec 21, 2010 7:56am Dec 21, 2010 7:56am
Quoting DemoForever
Adilius07 Could you please tell me over what period of time you carried out your test?Also what currency,what timeframe,and exact rules for exit and entry.The only reason i ask this is not to prove you wrong its only that i would like to post the results.
Hello DemoForever, please post the results, why not? Why do you need to see anyone's performance for it?

I have no interest to continue this discussion as NO ONE ever posted any results. That means ALL have lost.

You know that whenever one is winning he is egor to share, to post, to show... like yourself maybe? But those who lose (like me) don't wanna do it..
  • #9,895
  • Dec 21, 2010 8:35am Dec 21, 2010 8:35am
Quoting Adilius07
Hello DemoForever, please post the results, why not? Why do you need to see anyone's performance for it?

I have no interest to continue this discussion as NO ONE ever posted any results. That means ALL have lost.

You know that whenever one is winning he is egor to share, to post, to show... like yourself maybe? But those who lose (like me) don't wanna do it..
Adilius07 You said you carried out a backtest on the dibs method.All i am asking you to do is tell me what currency you tested and between what dates.I assume you are talking about 1hr bars.I seriously dont want to catch you out i just like backtesting and practicsing trading set ups.
  • #9,896
  • Dec 21, 2010 9:01am Dec 21, 2010 9:01am
Dear traders!

Please, listen to me a little...

You all here are talking about is DIBS-method profitable or not... Does it make money or not... And, you do read and re-read, and re-read over and over again and again the rules od DIBS. I know this is true, becuaes I was there too.

Just stop do it. Look at the bigger picture. Just try to grasp the concept od DIBS. If you will get it - making money would be not so hard for you... sometimes even boring.

Can you just tell me in some words WHAT IS THE TRUE CONCEPT OF THIS METHOD????

Listen.... it is - the small price-range just HAS with time to become more wider. Price just cannot to be at the same place all the time. With time all the narrow price ranges have to become wide.

... and - then just figure for yourself how have you to exploit this concept in your trading. Peter Crown did make DIBS of this concept. Why? Because Inside Bars are - what would you think - Yes! They are - narrow price ranges.

I think - you can make your own rules, or to change the rules of Peter a little fro yourself, if you feel it would be better. Just - take the concept and try to make money with it.

Here I have to add something. Of course - if you would trade this way the market what is moving somewhere now - you will make money for sure!
If you would trade the market, which is not show new lows or new highs for some months - you will end at BE in the best result, or - with loss...
So - do find moving market, and - trade DIBS! lol... What could be more easy?

Of course - you will have losses from time to time.... But - are you traders or not? - If Yes - then just take your loss and keep on moving, if No - just do not trade. Easy.

Ok! I think enough for today.

DIBS is made to be profitable. Just figure for yourself hot to trade it, and do it. Trading has to make money.

Take care!
  • #9,897
  • Dec 21, 2010 10:26am Dec 21, 2010 10:26am
Quoting dim4ik42
Dear traders!

Please, listen to me a little...

You all here are talking about is DIBS-method profitable or not... Does it make money or not... And, you do read and re-read, and re-read over and over again and again the rules od DIBS. I know this is true, becuaes I was there too.

Just stop do it. Look at the bigger picture. Just try to grasp the concept od DIBS. If you will get it - making money would be not so hard for you... sometimes even boring.

Can you just tell me in some words WHAT IS THE TRUE CONCEPT OF THIS METHOD????

Listen.... it...
You talk like a real pro
  • #9,898
  • Dec 21, 2010 12:12pm Dec 21, 2010 12:12pm
Quoting Adilius07
Hello DemoForever, please post the results, why not? Why do you need to see anyone's performance for it?

I have no interest to continue this discussion as NO ONE ever posted any results. That means ALL have lost.

You know that whenever one is winning he is egor to share, to post, to show... like yourself maybe? But those who lose (like me) don't wanna do it..
Some big assumptions in this post. I don't want to have a conversation with you or anyone else (so I don't know why I'm replying). Just wanted to point out that your statements are not accurate.
Leonardo Follower
  • #9,899
  • Dec 21, 2010 4:25pm Dec 21, 2010 4:25pm
Some peeps have done back testing and posted the results, if you read back far enough. These peeps studied the method well and gave their interpretations used. They also had positive results.

DIBS is a way of entering a trade with a small S/L when price is likely to quickly move a way from your entry. This reduces your risk and soon enables you to close one half of the trade reducing your risk to zero. No risk without having to move the S/L on the other half of the trade to B/E, which also gives it a better chance of surviving and becoming a "long tail".

Which trades will survive long enough to become a long term trade? You can not possibly tell, you just have to keep throwing those risk free trades out there, until the odd one or two starts to stick.

How to manage these "floaters" was not discussed by Peter, except to suggest using a 20 MA on a time frame longer than the one you entered the trade on.

Most peeps would realise that it is impossible to back test all of the above, without adding a few ground rules of your own (not to mention exits). To just say I've back tested and it didn't work, is meaningless and of no help to anyone wondering whether to commit to following DIBS for some time.
Good Trading
  • #9,900
  • Dec 22, 2010 12:10am Dec 22, 2010 12:10am
Adilius07 has been kind enough to give me some details about the backtest he carried out rescently.He tested 10 currencies taking all signals using 1% risk per trade.He would not give me the exact dates for the test,but said he tested 1hr and 4hr bars.From what i can gather he went back a couple of years.Im assuming he is using a 20 dma as an exit?The first thing that strikes me is trading 10 pairs,taking all signals with 1% risk on every trade is far to much.Having not carried out this test myself i couldnt say for sure.
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