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True Trading Tactics

  • #521
  • Feb 18, 2012 10:18am Feb 18, 2012 10:18am
Quoting whatfx
ndle did.


hi kraven

the first short entry you circled , appears not a valid one. the red candle did not reach a highest high, the previous bullish candle did, so the red candle would not be a reversal candle right ? so no entry there.

similarly, the second entry, you waited for the second red candle to give you the signal. in this scenario how many red candles would you have waited before taking the signal, i.e. is there a limit to the number of candles you can wait ?
it's a lot easier for me if you post the pic to your question. i get a lot of questions and try to answer then, but the time it's taking me to trawl through all my posts to find the right pic is getting to much.

but to answer your question the first 2 circles are mearly where the trend line comes from....see the yellow trend line. however, the first one was not entries (hence i did not discuss them, it was there to highlight the TL), the second was but the first red candle didn't cause a KRC. as for the number of red candles before i decide the trade is no good depends on the chart conditions e.g. size of candles, size od SL, angle and size of trend, SR areas etc...

the actual bet i discussed on the pic...basicaly a trend contionuation, using the trendline for my TP.
  • #522
  • Feb 18, 2012 11:20am Feb 18, 2012 11:20am
It's interesting that Caillou's stats show better return on M15 than H1. I wonder if that is just a rogue week or will it turn out to be the norm.
  • #523
  • Feb 18, 2012 1:59pm Feb 18, 2012 1:59pm
Quoting handy148
Nice trading - can you post an M15 chart of one of them wwhen you have time. Thanks
You have that in previous posts......
  • #524
  • Feb 18, 2012 2:02pm Feb 18, 2012 2:02pm
Quoting newnew
Thank you. I made back test for last week it was nice on 15 Min. Have you tried any another pair except EURUSD?

No, not yet. Anyway if it works like this, you will only need 1-2 pairs.......
  • #525
  • Edited Feb 19, 2012 10:20am Feb 18, 2012 10:06pm | Edited Feb 19, 2012 10:20am
Kraven was asking for an AWR and I noticed someone posted one while I was coding one for him. Here is my simple one. All it does is put dotted lines like the SM ADR and make them bold when it's exceeded. I also modified it to let you pick any TF you want: D1, W1, MN1, H1.... whatever, and your colors too. I'm learning to trade but I'm a pretty good coder and can help as long as it doesn't interfere with my trading.

Edit: Fixed AvgRg to allow multiple instances.
Attached File(s)
File Type: mq4 AWR.mq4   5 KB | 549 downloads
File Type: mq4 AvgRg1.1.mq4   7 KB | 492 downloads
  • #526
  • Feb 18, 2012 10:09pm Feb 18, 2012 10:09pm
thanks Eric
  • #527
  • Feb 19, 2012 3:26am Feb 19, 2012 3:26am
First of all, thumbs up to Kraven for sharing his method with us! Subscribed!!

Second, i think that it will be nice if a coder amongst us will be able to make the SM ADR indi to keep the lines it draws for a certain number of days, because in the actual form it deletes them. I think it would be very useful for us to see how price action reacted to ADR low and high in the past. I'll upload the indi so there would be no confusion.

Green pips to all!
Attached File(s)
File Type: ex4 !SM_ADR Marker.ex4   12 KB | 601 downloads
  • #528
  • Feb 19, 2012 3:35am Feb 19, 2012 3:35am
Quoting Caillou
Spread included, in M15 you need very small spreads, in my case 0.5 for EUR/USD

caillou

i cant seem to see many signals on the 15m chart. not too sure where you are getting your signals from. a chart example here with your entries on the day, would be good.
  • #529
  • Edited 5:28am Feb 19, 2012 4:51am | Edited 5:28am
Yes "Caillou", show us your Friday trade... + 63pips.
Only this one to confirm when you entered/exited. What bar times ?

Thanks for that.

But at the end, saying "i made X pips" is not relevant. It is how much money you make that is. With 1 pip i can make a million dollar... But i must be very good, ok ?

R:R of 1:1 - you must be over 50% of wining/losing trades to be profitable. That is what must be backtested for one year. I will after i am sure to understand where Caillou enters and exits.

My 2 cents :

- 1 hour is too much
- The strategy has some bias :

* when trend reverses around the end of the candle : last candle is for example down and makes a lowest low then rebounds a little bit there. The next candle doesn't make a lowest low and goes high. Trade missed.

* when trend reverses at the begining of the candle it is easier to make a small lowest low for example then have a big time to go high. But then your are late in the trade since the bounce is almost one candle earlier.

So the time your candle starts and ends has strong influence on trade entering or not. Shifting the one hour candle 30 minutes will have different results.

Using 15minutes timeframe will give more bounces.
But will give more false signals ? Must be backtested !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BouncesNotDetected.JPG Size: 99 KB
Click to Enlarge Name: BouncesDetected.JPG Size: 103 KB
  • #530
  • Feb 19, 2012 5:38am Feb 19, 2012 5:38am
As I said before, unfortunately this is one of the anomolies you get with different brokers.
  • #531
  • Feb 19, 2012 8:03am Feb 19, 2012 8:03am
I'm not trying to complicate things here, but how about scalping a few pips from "inside bars" while we wait for the next KRC?

I'm looking at 15m time frame at the moment and may have a bash at this next week.

What do you guys think?

Paul.

http://s15.postimage.org/9wpkhfkmv/inside.jpg
  • #532
  • Feb 19, 2012 8:46am Feb 19, 2012 8:46am
Quoting whatfx
caillou

i cant seem to see many signals on the 15m chart. not too sure where you are getting your signals from. a chart example here with your entries on the day, would be good.
Please post 391 or 468......
  • #533
  • Feb 19, 2012 10:24am Feb 19, 2012 10:24am
Quoting kraven
thanks Eric
No problem, but Blackfeet found a bug. Anyone who downloaded the AvgRg, please go back a page and download the new 1.1. This allows you to run more than one on a chart (which was the whole point), and it will hide the indicator if you go up to a TF higher than your selected TF. You know, if you're higher than D1, you probably don't want to see the D1 Hi and Lo.
  • #534
  • Feb 19, 2012 10:31am Feb 19, 2012 10:31am
Quoting kraven
H1... only if the reversal candle is at the current high or low of the day
I remember reading this but then forgot until I started re-reading the thread. Do you use this for other TFs? Like new high D1, highest of the week or month? And high/low of the day for M15 too?
  • #535
  • Feb 19, 2012 4:19pm Feb 19, 2012 4:19pm
Quoting ericjschroed
I remember reading this but then forgot until I started re-reading the thread. Do you use this for other TFs? Like new high D1, highest of the week or month? And high/low of the day for M15 too?
i look for some reasonable trend prior to the signal....even if its a mixture of colours....but obviously most will be the right colour for the trend direction..i try to aviod flat ranging area's but might act if i get a signal and a breakout of the range..common sense stuff, unfortunately you can't teach common sense. so to make it clear and easier i mentioned what i like too see the most, a signal at the highs or lows with a few candles the same colour prior.
  • #536
  • Feb 19, 2012 7:31pm Feb 19, 2012 7:31pm
Good Morning....8.30 AM here (GMT+7)....
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #537
  • Feb 19, 2012 8:13pm Feb 19, 2012 8:13pm
RaidRoad Track for short stop GU at 4th Bar H1 with 10 pips risk.....waiting breakout 5th Bar for kick in!
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #538
  • Feb 19, 2012 8:41pm Feb 19, 2012 8:41pm
don't forget to keep one eye on the daily. that's how i started trading KRC's. i'm in UChf and EU (moved both to BE and took some for 70pips off EU as it hit 100ma)
Attached Image (click to enlarge)
Click to Enlarge Name: kkk1.gif Size: 17 KB
  • #539
  • Edited 9:38pm Feb 19, 2012 9:12pm | Edited 9:38pm
Quoting kraven
don't forget to keep one eye on the daily. that's how i started trading KRC's. i'm in UChf and EU (moved both to BE and took some for 70pips off EU as it hit 100ma)
Yes kraven, thanks for remind me.....but i can't stand to hold open trade more than a day.....it just something that i can't discuss here.....something principal.....but i do look the Daily for trend.....
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #540
  • Feb 19, 2012 10:34pm Feb 19, 2012 10:34pm
I think this was asked before but not answered. Please tell me time zone of data and timezone of session settings? My broker is GMT+2
Thanks alot!



Quoting mama0mida
First of all, thumbs up to Kraven for sharing his method with us! Subscribed!!

Second, i think that it will be nice if a coder amongst us will be able to make the SM ADR indi to keep the lines it draws for a certain number of days, because in the actual form it deletes them. I think it would be very useful for us to see how price action reacted to ADR low and high in the past. I'll upload the indi so there would be no confusion.

Green pips to all!
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