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50 pips candle system

  • #941
  • Jun 20, 2010 3:13pm Jun 20, 2010 3:13pm
Quoting Saintsurfer
ok I see a little bit more now. Anyway I am not a scalper so maybe not for me. Anyway good luck.
it is not really a scalping system like on m1 or m2 with many daily trades. it is more of a short term for maybe a few trades per day for each pair.

i dont have to watch the charts every second, just when each new bar opens and when a bar is coming to a close I pay close attention to the PA on the m1 chart
  • #942
  • Oct 4, 2010 10:22pm Oct 4, 2010 10:22pm
Is anyone still following this thread? i'm only half way through it but I was wondering if anyone could help. I have downloaded the PriceChangeR.mq4 indicator but was wondering if anyone could possibly modify this indicator to run off of the begining of the week candle. Maybe have the option of changing begining of the month, week, etc. candle? thanks

irrumate
  • #943
  • Nov 11, 2010 6:43am Nov 11, 2010 6:43am
Quoting zebulon
now,i trade only gg and rr with gbp/usd 50 pips : If i have 2 previous green, i go long, if i have 2 previous red, i go short. I use the 5 sma filter : If the price is above the 10 sma (tf daily), i only go long and not play the rr. If the price is under the 10 sma, i only go short and not play the gg.

For the money management i use, you can go to post 873
hi zebu

is your original method on page 1 still working ok ? Is it still profitable ?

I believe you have updated now ? Can you post the final version of it with updates ?? This would be really helpful.


Lastly the problem iam having is when to start counting the 50 pips and draw the first 50 pip candle, because depending on where i start could effect the results. So can you help ?


Many thanks
  • #944
  • Dec 16, 2010 11:37am Dec 16, 2010 11:37am
hi zebulon,

I know your system is on cable, but can we try it on eurusd?
  • #945
  • Dec 27, 2010 9:29am Dec 27, 2010 9:29am
Dear All,

I have followed this interesting thread for a few days.
The only thing that I have not figured out is the calculation of 50pips.

Assume that the open price is 1.6354, and the price reached 1.6304=1.6354-0.005, then I marked "RED".

And should I use 1.6304 as the basis price of next calculation ?
or use the open price of next bar as basis price ?

Thanks for your kindly reply.
  • #946
  • Dec 28, 2010 12:42am Dec 28, 2010 12:42am
how can you be sure that you can got the 50 pips from the market?

and how can you calculat that?
Can you teach me how?

from what I have got fromt he readings that it can be calculated with Fibonacci.



Quoting gftcfd
Dear All,

I have followed this interesting thread for a few days.
The only thing that I have not figured out is the calculation of 50pips.

Assume that the open price is 1.6354, and the price reached 1.6304=1.6354-0.005, then I marked "RED".

And should I use 1.6304 as the basis price of next calculation ?
or use the open price of next bar as basis price ?

Thanks for your kindly reply.
  • #947
  • Dec 28, 2010 6:51am Dec 28, 2010 6:51am
Hello C-speed,

It seems the strategy tester web site has some technical issues.
Thank you.

Quoting C-speed
Additional update:

Ok, this seems to give the best results... 2-4x more pips per year.

Patterns:

RR
GG
RGR
GRG

Use 10 day SMA as filter. If SMA is up, only BUY (GG, GRG). If SMA is down, then only SELL (RR, RGR).

I've added the 10 Day SMA to the back tester as well:
http://www.crescentkao.com/trading/zebulon.php

Enjoy!
Attached Image (click to enlarge)
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  • #948
  • May 10, 2011 12:37pm May 10, 2011 12:37pm
Quoting zebulon
High everybody !

For this system, you need 2 indicators　: a pen and some paper.

I trade only GBP/USD because usually, there are big movements.

Each time the price move 50 pips up, i draw a green candle.
Each time the price move 50 pips down, i draw a red candle.

As Renko, this system does not take care about time, a candle is drawn when 50 pips are done whatever the time to reach it.

This is good to eliminate the noise.

This system is good in trend and in range.

Hi Zebulon,


are you calculating the high and low of candle to get 50pips or just the body minus wick. nowadays 30mins 1hr or 4hr difficult to get 50pips candle that is if i just take into account of body.

Adious....
  • #949
  • May 11, 2011 1:23am May 11, 2011 1:23am
hi,

yes i take the high and the low of the candle. Each time the price touch 00 or 50 i draw a candle.
  • #950
  • May 11, 2011 5:06am May 11, 2011 5:06am
Quoting zebulon
hi,

yes i take the high and the low of the candle. Each time the price touch 00 or 50 i draw a candle.
aaahh....zebulon,,,finally after all these years !!

This system does not make pips in the long run. I backtested for 2 years and live tested for 6 months. Back to square one.

Can you comment and how well you are doing ????
  • #951
  • May 12, 2011 7:22am May 12, 2011 7:22am
Quoting zebulon
hi,

yes i take the high and the low of the candle. Each time the price touch 00 or 50 i draw a candle.

Hi... 50pips hardly occurs once in a blue moon nowdays in 1hr chart... hard to find....

any idea?
  • #952
  • May 13, 2011 7:18am May 13, 2011 7:18am
Quoting fortheex
Hi... 50pips hardly occurs once in a blue moon nowdays in 1hr chart... hard to find....

any idea?
I use 15 min chart
  • #953
  • May 13, 2011 7:25am May 13, 2011 7:25am
Quoting whatfx
aaahh....zebulon,,,finally after all these years !!

This system does not make pips in the long run. I backtested for 2 years and live tested for 6 months. Back to square one.

Can you comment and how well you are doing ????
That is a system which brings new ideas, but it needs more to be performant.

I'm working on another system based on this one, maybe i will talk about it when it will be finished.
  • #954
  • May 13, 2011 7:31am May 13, 2011 7:31am
why y guys dont use 50pip rangebars?
Poshcom
  • #955
  • May 14, 2011 12:49am May 14, 2011 12:49am
well you



could most of the time if you have goodo strategy.. for me am doing + or -.. 20 pips to 38 a chart.


Quoting fortheex
Hi... 50pips h ardly occurs once in a blue moon nowdays in 1hr chart... hard to find....

any idea?
  • #956
  • May 17, 2011 6:07am May 17, 2011 6:07am
Quoting zebulon
That is a system which brings new ideas, but it needs more to be performant.

I'm working on another system based on this one, maybe i will talk about it when it will be finished.


what happened to all your other strategies . are those not working either ? have you actually made any money using any of your strategies ?

reply please.

no point in working on a new strategy if the others havent worked...
  • #957
  • Last Post: Oct 24, 2014 9:43pm Oct 24, 2014 9:43pm
Quoting whatfx
{quote} aaahh....zebulon,,,finally after all these years !! This system does not make pips in the long run. I backtested for 2 years and live tested for 6 months. Back to square one. Can you comment and how well you are doing ????
whatfx, do you use strategy tester in mt4 for backtesting? or other method..
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