The Edge Trading System | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

An Edge for an Edge (System Development) 116 replies

Trading System versus Trading Strategy: Gaining a Profitable Edge 33 replies

Statistical Gambling System (High Winrate, but NO EDGE) 372 replies

Building a system around the TA edge and diversification 0 replies

How do you gain, and measure, your trading system's statistical edge? 29 replies

Attachments: The Edge Trading System
Exit Attachments

The Edge Trading System

  • #1
  • First Post: Edited Jan 20, 2012 9:57pm Feb 15, 2011 9:43pm | Edited Jan 20, 2012 9:57pm
This is a concept on how i look at the formation of daily candle bars.

I'm trying to get in at the lowest and out at the highest or in at the highest and out at the lowest.

The sample picture is a H1 chart for a day
Notice how the price action moves

I have coded an EA based on my concept but it is still very raw.

Please test and contribute. (Any pair, D1 chart only)

Optimizing the EA
TR_Factor = Start 0.50, Step 0.25, Stop 1.25
TP_Factor = Start 1.00, Step 0.50, Stop 3.00
TS_Factor = Start 0.00, Step 0.50, Stop 4.00
SL_Factor = Start 0.50, Step 0.50, Stop 1.00

The above are only recommended values, you are free to try other values

NOTE : Any positive comments are welcome, if you don't believe this system will work, please ignore this thread and forget it.

I have wrote a detail strategy on this at my blog http://tradeaud.blogspot.com
I have posted 3 trade signal and all have hit my TP. Join my facebook group - Forex : Day Candle Formation
Attached Image
Attached File(s)
File Type: mq4 TheEdge.mq4   5 KB | 813 downloads
  • #2
  • Feb 15, 2011 9:43pm Feb 15, 2011 9:43pm
Reserved for future inputs.
  • #3
  • Mar 8, 2011 3:22am Mar 8, 2011 3:22am
Good result on EU...

TR_Factor = Start 0.50, Step 0.25, Stop 1.25
TP_Factor = Start 1.00, Step 0.50, Stop 3.00
TS_Factor = Start 0.00, Step 0.50, Stop 4.00
SL_Factor = Start 0.50, Step 0.50, Stop 1.00

pls. explain them then I can run a full test on all pairs
No one wants to be defeated~
  • #4
  • Mar 8, 2011 4:52am Mar 8, 2011 4:52am
Quoting doshur
This is a concept on how i look at the formation of daily candle bars.

I'm trying to get in at the lowest and out at the highest or in at the highest and out at the lowest.

The sample picture is a H1 chart for a day
Notice how the price action moves

I have coded an EA based on my concept but it is still very raw.

Please test and contribute. (Any pair, D1 chart only)

Optimizing the EA
TR_Factor = Start 0.50, Step 0.25, Stop 1.25
TP_Factor = Start 1.00, Step 0.50, Stop 3.00
TS_Factor = Start 0.00,...
hello doshur


how is your gap trading going ...he he he...!
  • #5
  • Mar 8, 2011 5:08am Mar 8, 2011 5:08am
Quoting jonirrenicus
Good result on EU...

TR_Factor = Start 0.50, Step 0.25, Stop 1.25
TP_Factor = Start 1.00, Step 0.50, Stop 3.00
TS_Factor = Start 0.00, Step 0.50, Stop 4.00
SL_Factor = Start 0.50, Step 0.50, Stop 1.00

pls. explain them then I can run a full test on all pairs

TR_Factor is the trigger. How much the pair retreats (the tail of the daily candle stick)

TP_Factor is take profit
TS_Factor is trailing stop
SL_Factor is stop loss

Factor is the average daily range of 20 days.
  • #6
  • Mar 8, 2011 5:09am Mar 8, 2011 5:09am
Quoting whatfx
hello doshur

how is your gap trading going ...he he he...!
Hello,

Have been away for a trip and will be testing other EA live.
  • #7
  • Jan 20, 2012 9:58pm Jan 20, 2012 9:58pm
written a detailed strategy on this at http://tradeaud.blogspot.com

check out the trade signals.
join my FB group - Forex : Day Candle Formation
  • #8
  • Jan 22, 2012 8:30pm Jan 22, 2012 8:30pm
today's signal

http://tradeaud.blogspot.com/2012/01...g-on-bull.html
  • #9
  • Jan 22, 2012 9:54pm Jan 22, 2012 9:54pm
You provide a general link to your blog, but there are way too many links on there to find this strategy. Please provide an actual link to this strategy, not just a general link to your entire blog.

Quoting doshur
written a detailed strategy on this at http://tradeaud.blogspot.com

check out the trade signals.
join my FB group - Forex : Day Candle Formation
  • #10
  • Jan 22, 2012 9:56pm Jan 22, 2012 9:56pm
Quoting doshur
written a detailed strategy on this at http://tradeaud.blogspot.com

check out the trade signals.
join my FB group - Forex : Day Candle Formation
hi doshur, thx for sharing - do you put the ea on h1 or daily chart? btw: tried both, but the ea doesn't seem to take any trade.
  • #11
  • Jan 23, 2012 9:28am Jan 23, 2012 9:28am
Quoting Dreamliner
You provide a general link to your blog, but there are way too many links on there to find this strategy. Please provide an actual link to this strategy, not just a general link to your entire blog.
Here you go, "The Strategy"!

http://tradeaud.blogspot.com/2012/01...ay-candle.html
  • #12
  • Jan 23, 2012 9:29am Jan 23, 2012 9:29am
Quoting msood
hi doshur, thx for sharing - do you put the ea on h1 or daily chart? btw: tried both, but the ea doesn't seem to take any trade.
The EA is just a concept to test the system. Try to backtest it.
  • #13
  • Jan 23, 2012 11:21am Jan 23, 2012 11:21am
Quoting doshur
The EA is just a concept to test the system. Try to backtest it.
Would you mind to describe your method in much more detail?
Using your EA doesn't give any results or lines on any of my MT4 time charts.
I think there is merit in your idea and would like to explore it further.
Thanks.
  • #14
  • Jan 23, 2012 9:26pm Jan 23, 2012 9:26pm
Quoting istvan
Would you mind to describe your method in much more detail?
Using your EA doesn't give any results or lines on any of my MT4 time charts.
I think there is merit in your idea and would like to explore it further.
Thanks.
Anything i missed out in describing in my blog? Please ask question about the system so that i can add in to my blog.

Thanks
  • #15
  • Jan 23, 2012 9:27pm Jan 23, 2012 9:27pm
http://tradeaud.blogspot.com/2012/01...e-to-ride.html
  • #16
  • Jan 24, 2012 6:59pm Jan 24, 2012 6:59pm
http://tradeaud.blogspot.com/2012/01...or-not-to.html

Lots of news these few days, be careful to trade.
  • #17
  • Jan 25, 2012 7:17pm Jan 25, 2012 7:17pm
http://tradeaud.blogspot.com/2012/01...e-to-long.html

while posting, i'm already up by 10 pips
  • #18
  • Jan 25, 2012 9:45pm Jan 25, 2012 9:45pm
lucky you)) not really the same for me(((
  • #19
  • Jan 26, 2012 7:41pm Jan 26, 2012 7:41pm
http://tradeaud.blogspot.com/2012/01...tracement.html

I've updated the strategy explain in more detail.
  • #20
  • Jan 26, 2012 10:43pm Jan 26, 2012 10:43pm
good, man))) thx for sharing experience. useful stuff!
0 traders viewing now