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Nexas's Intraday Range Bar Trading

  • #581
  • Mar 7, 2012 4:05am Mar 7, 2012 4:05am
Wicked forex,

I am a full time trader so I start trading at midnight pacific standard time.

I look for nexas trades that are with the trend and also the 123 trades.

123 trade is a low/high, followed by a high/low, followed by a higher low/lower high in consecutive candles. See previous chart for what they look like.

Am trading right now so, on next posting will try and explain trades/why taken.
PIP'N
  • #582
  • Mar 7, 2012 10:50am Mar 7, 2012 10:50am
Hi Golfer Sir, many thanks for 123 explaination, so if i understand correcttly you are usinge nexas trend i.e. the 20; 60; 100 slopping down you look to sell and vice versa?
  • #583
  • Mar 7, 2012 6:39pm Mar 7, 2012 6:39pm
Wicked,

Well for the 123 I will take those signals counter trend.
PIP'N
  • #584
  • Mar 7, 2012 9:58pm Mar 7, 2012 9:58pm
Quoting Joyy
Yes,now properly working, Exlant ,Thank you George.
Here's an update where only the first level up and down is shown.

George
Attached File(s)
File Type: mq4 RangeBarLimits.mq4   3 KB | 490 downloads
  • #585
  • Mar 7, 2012 10:11pm Mar 7, 2012 10:11pm
Okay,

So today's results, took 9 trades with 5 positive. Ended the day with 9.2 pips positive.

Will be trying something tonight. I noticed that on the 5 bar you could stay in trades longer if you took trades when they crossed the 20 EMA. Then stay in trade until it closes on the opposite side. Stop would be 1 pip below the high or low of signal bar. See attached chart for example. The example happened last night right at the end of my trading day.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 5 Bar.jpg Size: 95 KB
PIP'N
  • #586
  • Mar 8, 2012 12:19am Mar 8, 2012 12:19am
Quoting golferguy99
Okay,

So today's results, took 9 trades with 5 positive. Ended the day with 9.2 pips positive.

Will be trying something tonight. I noticed that on the 5 bar you could stay in trades longer if you took trades when they crossed the 20 EMA. Then stay in trade until it closes on the opposite side. Stop would be 1 pip below the high or low of signal bar. See attached chart for example. The example happened last night right at the end of my trading day.
It would appear to me the long you took, by any measurement, was in a downtrend. I can't see any valid reason for entering the long you've illustrated. Am I missing something?
  • #587
  • Mar 8, 2012 1:23am Mar 8, 2012 1:23am
Quoting wfh2006
Here's an update where only the first level up and down is shown.

George
Thank you George for updation,One who knew the characteristics of range bar can do lot with this indi,this is the only indi can tell where the next bar will open perfectly and guaranteed!!!
  • #588
  • Mar 8, 2012 2:28am Mar 8, 2012 2:28am
hi nexas,

using 8 range on eur/usd, I've done well the last 2 days. I have not been able to hold on for a 1:2 risk to reward ratio. I just SL or TP at the last swing hi/low, so it's usually a 1:1 risk to reward ratio.

Typically, when the ema's flip, and when the PA retraces nicely according to the 8Range bars for 4->5 bars, once price breaks the imaginery trendline, I take the trade on start of the next bar. I go in with pretty big 300-500K and always exit at the last swing hi/lo.

when it's not an ema flip, and there's been multiple retraces, I usually go in with 1 or 1.5 lots. or even half a lot.

Can you critique my views on the ema flip? this is what I learned around a year ago from watching price action. but with your introduction to range bars, there's so much more confidence now...
  • #589
  • Mar 8, 2012 3:45am Mar 8, 2012 3:45am
kadiddle,

You are right. That is what I was saying was that noticed if you just took the trade either up or down regardless of the MA's and hold until you either got stopped out or closed the other direction on the 20 ema. Just a thought that I am testing out. So far so good. Just took a long on EU @ 12:55 am pst that is currently up about 50 pips.
PIP'N
  • #590
  • Mar 8, 2012 3:55am Mar 8, 2012 3:55am
but that still doesn't make sense, since according to your chart, you would have been stopped out even before price ascended...

Quoting golferguy99
kadiddle,

You are right. That is what I was saying was that noticed if you just took the trade either up or down regardless of the MA's and hold until you either got stopped out or closed the other direction on the 20 ema. Just a thought that I am testing out. So far so good. Just took a long on EU @ 12:55 am pst that is currently up about 50 pips.
  • #591
  • Mar 8, 2012 4:33am Mar 8, 2012 4:33am
chiba_san, did you look at the chart? It said right on it that price came to with in .00007 pips of being stopped out.
PIP'N
  • #592
  • Mar 8, 2012 4:39am Mar 8, 2012 4:39am
oh, alright, missed that, sorry
  • #593
  • Mar 8, 2012 4:41am Mar 8, 2012 4:41am
wow, the last two hours, on the eur/usd 8 range has been tough. i mean that complete move up, every single attempt to take a retrace would have been stopped out, only to shoot up right after... guess gotta take the good with the bad when we use tight stop losses
  • #594
  • Mar 8, 2012 6:56am Mar 8, 2012 6:56am
Hi Guys,

Sorry I haven't been paying much attention to FF lately, I will try to fix up :-)

I hope you are all doing well and making a good few pips, out of the system.

If you have any questions please let me know.

Nexas
  • #595
  • Mar 9, 2012 5:40am Mar 9, 2012 5:40am
Hi Nexa's. Your system is performing well, very well, in fact. I'm also found interesting a strategy posted by MarkW1979. I'm a little surprised because there isn't any opinion about Mark's strategy and I think that your strategy (Nexa's), and Mark's strategy can work very well altogether. It's just my opinion.

Here is Mark's post.:

http://www.forexfactory.com/showthre...45#post5398145

P.d. mark, if you read this post, can you share with us some statistics about your system?
  • #596
  • Mar 9, 2012 9:40am Mar 9, 2012 9:40am
How did you guys get on trading the NFP's? The movement in the markets this afternoon have been as good as you can get!!!
  • #597
  • Mar 9, 2012 11:17am Mar 9, 2012 11:17am
very well. Here you can see my current my open positions on eurusd. I'm holding 9 shorts . I've taken profits in every trade. All open positions are runners.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd NFP.jpg Size: 208 KB
  • #598
  • Mar 10, 2012 8:48am Mar 10, 2012 8:48am
hi nexas,

I couldn't do it using a 4 or 8 Range, I would keep getting stopped out, onlly for the trend to continue. this happens quite a bit.

i changed it to a 15 range and a took the first or second retrace after a re-allignment of the ema's and just put in a 30 pip tp or sl. that's working so far. I just use that ATM thing through ninja trader and then I don't even need to watch the trade anymore.
  • #599
  • Mar 12, 2012 8:04am Mar 12, 2012 8:04am
took 3 trades today. all of which were between 1.5:1 and a 2:1 trade just now on the 8 range on the eur/usd. all 3 won.

nexas, out of every 10 trades, what would you say is your experience in win trades versus loss? do you typically win 5/10 trades? or 6/10 or do you not keep track of that part?
  • #600
  • Mar 12, 2012 9:19am Mar 12, 2012 9:19am
Chiba, what size stop would you be using on the 8 range please?

Quoting chiba_san
took 3 trades today. all of which were between 1.5:1 and a 2:1 trade just now on the 8 range on the eur/usd. all 3 won.

nexas, out of every 10 trades, what would you say is your experience in win trades versus loss? do you typically win 5/10 trades? or 6/10 or do you not keep track of that part?
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