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True Trading Tactics

  • #261
  • Edited 10:28pm Feb 10, 2012 10:12pm | Edited 10:28pm
RoelsM every exit should be different, as every chart is different. i target recent lows, highs, Open lines plus others. some of my charts and posts are 'base line proposals', what i look for most of the time. If i take a 'mid range trade' i'm more ready to jump to BE then if i took a trade from the top of a range....I have what you posted in mind but this should be adaptable. if i see a strategy that says SL 20 TP 40 alarm bells ring telling me that it hasn't been thought out and isn't sustainable.
  • #262
  • Feb 10, 2012 10:33pm Feb 10, 2012 10:33pm
Quoting kraven
RoelsM every exit should be different, as every chart is different. i target recent lows, highs, Open lines plus others. some of my charts and posts are 'base line proposals', what i look for most of the time. If i take a 'mid range trade' i'm more ready to jump to BE then if i took a trade from the top of a range....I have what you posted in mind but this should be adaptable. if i see a strategy that says SL 20 TP 40 alarm bells ring telling me that it hasn't been thought out and isn't sustainable.
Thanks kraven.
I will update my proposal exit tactics #259 based on your thought.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #263
  • Feb 10, 2012 10:41pm Feb 10, 2012 10:41pm
Nice system with congestion free charts, profit with less stress and more profit for more screen time! Thanks Kraven for the wonderful system. I demo traded the system with great success, shall implement on my live account from the start of the week n post trades here....thanks again for every one contributing to this thread.
  • #264
  • Feb 10, 2012 11:13pm Feb 10, 2012 11:13pm
Roels,
I see you've become a fan of my little indi! Nice to see that even these very fast and dirty implementations can be useful!

Maybe a little vouch?

Nice trades here around. Congratulations to all!

Bye

BL
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  • #265
  • Feb 10, 2012 11:51pm Feb 10, 2012 11:51pm
Quoting betterlife
Roels,
I see you've become a fan of my little indi! Nice to see that even these very fast and dirty implementations can be useful!

Maybe a little vouch?

Nice trades here around. Congratulations to all!

Bye

BL
A little indie for anyone else, but for me this is the big indie that help me much on this strategy.....An indie that created specially for a spesific strategy is worth much.....so strategy first than indie for that help so much.....One or two indies could play important rule for trade beside capability limit of my eyes....

And.....i would give you a vouch....but how i can vouch u? I don't have capability to do it just yet....
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #266
  • Feb 10, 2012 11:54pm Feb 10, 2012 11:54pm
Quoting finnsol
Hi kraven

Thanks for this new thread. Your trading idea is quite similar to what I have been doing for months with reasonable results:
A win% of 63 and a Win/Loss ratio of 2.55.

I think your approach means a better win% but also fewer trades.

Some of your charts have an indicator in upperleft corner showing dynamic intraday distances to ADR range.
I have been looking for that indicator for a long time.
Would you please

[size=3]With...
Can you share with us some examples of your trading method?
  • #267
  • Feb 10, 2012 11:58pm Feb 10, 2012 11:58pm
Has anyone automated this yet?
  • #268
  • Feb 11, 2012 12:38am Feb 11, 2012 12:38am
Quoting kraven
**I have a seperate enhancement too the way i trade but i need a coder, if one is reading this and like what he see's can he pm me. cheers

hi, i like your setup
i'm going to put some hours of this weekend to code to MT4 EA.
will post here soon...

great community
  • #269
  • Feb 11, 2012 2:06am Feb 11, 2012 2:06am
Quoting Dortmunder
Hello everybody,

I hope everybody of you made some good pips this week. I would like to ask if anybody possibly considered (and perhaps did) a long trade after the break of the bullish engulfing candle in the hourly this morning (@ 1, 3276 - see arrow) ? The break out failed ... and I would like to know if this was anyhow foreseeable, because I have the impression that most of the trades took short trades today ....

Have a good weekend you all!

Take care
Dortmunder
I wasn't in the buy (or Mrs V either) but it was for me a difficult one to avoid. The whole 3250 area had formed a bit of a base over the prev couple of days. Perhaps it was a reasonably big candle for the time of day, but most likely just one of those things.

What I would say as we all know you cannot control the market only your reaction to what it gives you.

It gave a failed buy but then a classic lower high to sell when the next candle closed.

Other than that the D chart is struggling to go higher and there was another clue thats not part of this thread. Finally after a 600 pip move up you'll get these failed higher moves at the end of a run.
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  • #270
  • Feb 11, 2012 2:12am Feb 11, 2012 2:12am
I have taken several SR lines off but this is my current D chart.

The none thread clue perhaps 2 dojis and Thurs high never tested and big sell divergence on squiggly lines (sorry Kraven for none thread bits).
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  • #271
  • Feb 11, 2012 4:33am Feb 11, 2012 4:33am
Quoting kraven
Dortmunder you are right it was a trade, i mentioned it before as a loss. there will be losses, it's not perfect. nothing is in this game. Adding indi's etc will keep you out of as many good trades as bad (...i've ranted about my thoughts on indicators already on this thread). That's why i look at 6 pairs so i can choose the entries. Roels is right, keep it simple.

there was some nice trades today, using this method it was impossible to loose if you took them. they was even 2 good +25 pip trades (EU and EJ) just before close. IF (and it's...
Thanks for your reply, kraven! With - 17 the loss was quite comfortable I think. I had my SL at 1,3235, so I suffered a bigger loss. When and why did you give up this long trade or better, when did you discover that it was a failure and covered your trade ?

thx
  • #272
  • Feb 11, 2012 5:42am Feb 11, 2012 5:42am
still crude EA...
will open position if price break through reversal candle...

i put MinHeight Parameter here, so this EA will not open any order if KRC height is below minimum height.

i tried at USDCAD and the result is almost break even...
do i miss something?
what to do with ADR?

feel free to give suggestion on improvement.
i will try to make it better.
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 KRC.ex4   10 KB | 585 downloads
  • #273
  • Feb 11, 2012 11:38am Feb 11, 2012 11:38am
Quoting redbox
still crude EA...
will open position if price break through reversal candle...

i put MinHeight Parameter here, so this EA will not open any order if KRC height is below minimum height.

i tried at USDCAD and the result is almost break even...
do i miss something?
what to do with ADR?

feel free to give suggestion on improvement.
i will try to make it better.

...like to have this EA without any TP and SL.

THANKS!!!
  • #274
  • Feb 11, 2012 3:53pm Feb 11, 2012 3:53pm
Quoting kraven
Now look at the chart and look for candles that have reached a peak high and then turned sour (turned and finished red). Then do the same for lows (were red and turned green). In case this is unclear below is a crude knock up of a typical chart showing what I mean
Hi Kraven,
Nice thread you have here.It is simply KISS and i love it.Going througth my charts in anticipation for the coming week fx battle,i see that the underlisted pairs fit your trading principles and will like to share them with mates here.All are weekly though.

GBPUSD
NZDUSD
AUDUSD
EURAUD
AUDCHF
AUDCAD
I will appreciate your thinking on these pairs.
Sincerely,
Adeshina.
  • #275
  • Feb 11, 2012 5:20pm Feb 11, 2012 5:20pm
redbox good luck with the EA, personaly i don't think the results will match manualy trading, unless you can create an EA that can be put on different pairs, communicate with each other as too which pair looks best, take into account news and different forms of SR and adjust SL, lot size and TP in accordence to them. that said it could still end up profitable. look at RoelMajors post on RR (on last page)

Ifebaba94 don't realy want to start looking at other pairs...i will say AU and NZ are in a good uptrend and could be due a pullback. For me GU has bounced off 100ma, is in a down trend and it could be the start of the downtrend continuing...for me GU, which is good as i'm in on a daily GU sell ; )
  • #276
  • Feb 12, 2012 12:44am Feb 12, 2012 12:44am
Quoting redbox
do i miss something?
what to do with ADR?

feel free to give suggestion on improvement.
i will try to make it better.
Hi redbox,
thanks for your efforts. I think ADR or another range indicator are quite crucial for any of these implementations.

Nevertheless: "feel free to give suggestion on improvement" is quite hard with just an .ex4.

Of course you're perfectly free to keep sources for yourself, and I personally have too bad experiences about sharing publicly software on these forums. So, I'm absolutely not pushing you in one direction or the other. But you should be aware that the way of undisclosed sources and partially shared results is the way of the lonely researcher!

Take just care of one thing. Looking at your pick, it seems like trades are entered far away from where they should, namely at the break of the setup candle. This might be due to too high spread modeled.
You're aware of the intricacies of MT4 testing, isn't it?
Don't trust any results of your backtesting till you've gone down the whole tick data modeling...

Just my thoughts, and in the moment busy with other implementations to be able to go deeper in this one.

Bye

BL
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  • #277
  • Feb 12, 2012 4:04am Feb 12, 2012 4:04am
Quoting betterlife

Just my thoughts, and in the moment busy with other implementations to be able to go deeper in this one.

Bye

BL
Hi BL..... I think about your simple indie and I still have concerns about RailRoad or Dead Stop that not macthing kravens suggestion:
" A railroad or dead stop usually a pip or two off"..... and i think it must be limited only for just two bars on H1.....
So I do not use dead or railroad visual stop from your indie anymore until you have some time to fix it.....

Anyway, Thanks for your effort.....hope the good news soon.....
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #278
  • Feb 12, 2012 2:06pm Feb 12, 2012 2:06pm
Quoting redbox
still crude EA...
will open position if price break through reversal candle...

i put MinHeight Parameter here, so this EA will not open any order if KRC height is below minimum height.

i tried at USDCAD and the result is almost break even...
do i miss something?
what to do with ADR?

feel free to give suggestion on improvement.
i will try to make it better.
Redbox maybe you could try it only with longer term trend, so buys or sells only
personaly i'd like to know how successful are high/low entries, as opposed to taking mid range entry......i prefer high/low entries but i maybe cutting myself short.
  • #279
  • Feb 12, 2012 4:50pm Feb 12, 2012 4:50pm
[quote=kraven;5376247]

there was some nice trades today, using this method it was impossible to loose if you took them. they was even 2 good +25 pip trades (EU and EJ) just before close. quote]

Did anyone get in and stay in???? up 70 and 60 pips respectively. if you stayed in you have your pips for the week
  • #280
  • Feb 12, 2012 5:21pm Feb 12, 2012 5:21pm
Well...roll on Tuesday!
I looking forward to having a crack at it
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