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Attachments: Buy sell line trading
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Buy sell line trading

  • #601
  • Mar 15, 2012 5:21am Mar 15, 2012 5:21am
Quoting NuBeez
Missed earlier entry on this long, however setting buy stop @ 1.5688, stop loss @ 1.5688, limit @ 1.5772

GU Daily.

http://img844.imageshack.us/img844/2721/gulong.jpg
GM Everyone,

Stopped -50 on this one.
Consistency = Steady growth = Solid equity
  • #602
  • Mar 15, 2012 5:32am Mar 15, 2012 5:32am
Quoting 60minuteman
EU H1 type 2 entry..

1/1 now, removing risk..

60mm

it may be a good idea to post ther updates to the rules on post 1 of yours...
  • #603
  • Mar 15, 2012 5:36am Mar 15, 2012 5:36am
Quoting whatfx
60mm

it may be a good idea to post ther updates to the rules on post 1 of yours...
I think I have what?
tradewith60
  • #604
  • Mar 15, 2012 5:46am Mar 15, 2012 5:46am
Quoting Diego
Hi Stemag,

Do you mind sharing your entries? I have backtested EURUSD as well (Fxpro - 1 jan - 13 march). I have spotted 29 trades, I guess the difference is because fxpro is GMT instead of GMT +1..

Thanks!

Great system 60mm! I'm backtesting it at the moment to get enough confidence. Only problem I have is determing the TP, but I have noticed that the 2nd candle after the trade is triggered, gives you an indication whether you will hit the tp or not.

Man this is really astonishing.

I just backtested it, using the OB identificator i provided, with FXPro broker (GMT), on EURUSD 4h.
The only rule i applied were no overweek trades, and no trades at nightly hours, although i took trades at the close of the 4AM candle (so 7AM at GMT+1), means for me that i must wake up one hour earlier. IMPOSSIBLE TASK.

The azure background cells means that the trade could easily be closed at BE with basic position management.

First results (A C 19) are without applying position management.
A column are the results using MA14 at "direction identifier", C are the results using MA50.

I will attach the indicator i used to catch those trades (the same i attached yesterday), settings are default.

There could be errors in my backtest, i've done it in hurry, so i'd be glad if someone could do a backtest too, same broker, same rules.
Attached Image (click to enlarge)
Click to Enlarge Name: 1111.PNG Size: 205 KB
Attached File(s)
File Type: mq4 OB ident.mq4   6 KB | 581 downloads
  • #605
  • Mar 15, 2012 6:27am Mar 15, 2012 6:27am
short AU 1.0510,stop loss @ 1.0560, limit 1.0350

http://img35.imageshack.us/img35/5627/ausell.jpg


short NU 0.8155, stop loss @ 0.8210, limit @ 0.8010

http://img696.imageshack.us/img696/140/nusell.jpg
Consistency = Steady growth = Solid equity
  • #606
  • Edited 8:37am Mar 15, 2012 6:45am | Edited 8:37am
..slightly different approach, in that i was asleep for the large high momentum Asian engulf, waited for a retest which you can see led to a bullish hrly engulf (above the MA), but there was no continuation and the sell-off began. Stop now at b/e.
edit: potential TL bounce now in play..will exit on a 5min confirmed 123 reversal.
edit: 12:50(UK) stop to +13.
edit: 13:35...stopped out for +13.
Attached Image (click to enlarge)
Click to Enlarge Name: BEOBEA150312-1.GIF Size: 45 KB
  • #607
  • Mar 15, 2012 7:54am Mar 15, 2012 7:54am
Quoting NuBeez
short AU 1.0510,stop loss @ 1.0560, limit 1.0350

http://img35.imageshack.us/img35/5627/ausell.jpg


short NU 0.8155, stop loss @ 0.8210, limit @ 0.8010

http://img696.imageshack.us/img696/140/nusell.jpg
Out at breakeven, too many horns.
Consistency = Steady growth = Solid equity
  • #608
  • Mar 15, 2012 9:21am Mar 15, 2012 9:21am
Quoting SteMag
Man this is really astonishing.

I just backtested it, using the OB identificator i provided, with FXPro broker (GMT), on EURUSD 4h.
The only rule i applied were no overweek trades, and no trades at nightly hours, although i took trades at the close of the 4AM candle (so 7AM at GMT+1), means for me that i must wake up one hour earlier. IMPOSSIBLE TASK.

The azure background cells means that the trade could easily be closed at BE with basic position management.

First results (A C 19) are without applying position management.
A column...
I recived some PMs about this post, i wanna point out that i'm NOT the maker of a system (btw WHAT system?!), i just backtested 10mm ideas using an indi, no more no less.

Yes, i backtested it manually (so some errors may be behind the corner, all the results must be taken with a tolerance of +/-7p at least), and NO, i have NO EA.
The backtest rules were straightforward: all 10mm's rules, and the exit strategy was a simple 1/1 R:R, so if the stop was @50pips (bottom of the signal candle) my tp.. well you know it
And as i say i haven't traded overweek, so i closed opened trades at late afternoon in fridays.

I'm glad if someone can backtest this stuff too with same rules, with FXPro broker, demo server number two.

Now i'm trading, when i have some time i will backtest other pairs too, maybe 1h TFs.

See you later.
  • #609
  • Mar 15, 2012 9:42am Mar 15, 2012 9:42am
Its 60mm, mate.
Twitter @raitchev
  • #610
  • Mar 15, 2012 9:49am Mar 15, 2012 9:49am
tradewith60
  • #611
  • Mar 15, 2012 9:52am Mar 15, 2012 9:52am
Quoting raitchev
Its 60mm, mate.
Yeah, sorry 60.. i was in hurry!
  • #612
  • Mar 15, 2012 11:51am Mar 15, 2012 11:51am
didnt get to trade much today...

got a filthy m15 scalp on AU... just got over 1/1
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-03-15 at 16.24.36.jpg Size: 51 KB
tradewith60
  • #613
  • Mar 15, 2012 4:53pm Mar 15, 2012 4:53pm
Long setup 1 on EJ H4: long @ 109.24, stop loss @ 108.80, limit @ 110.14

Long setup 1 on AJ H4: long @ 87.85, stop loss @ 87.47, limit @ 88.65
Consistency = Steady growth = Solid equity
  • #614
  • Mar 15, 2012 5:13pm Mar 15, 2012 5:13pm
GJ H1

good trend on GJ, nice retrace and signal... these are always the best signals..

+24 now, need another 10 to remove risk
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-03-15 at 22.11.23.jpg Size: 64 KB
tradewith60
  • #615
  • Mar 15, 2012 5:21pm Mar 15, 2012 5:21pm
UCHF H4 well worth keeping an eye on.... picture perfect trending
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-03-15 at 22.18.28.jpg Size: 72 KB
tradewith60
  • #616
  • Mar 15, 2012 5:27pm Mar 15, 2012 5:27pm
EJ H4 long.. about to remove risk on this too...

and I know I broke the rules with entry... I feel bad already so I don't need reminding!
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-03-15 at 22.26.21.jpg Size: 60 KB
tradewith60
  • #617
  • Mar 15, 2012 5:33pm Mar 15, 2012 5:33pm
Quoting 60minuteman
EJ H4 long.. about to remove risk on this too...

and I know I broke the rules with entry... I feel bad already so I don't need reminding!
which of the rules exactly did you break 60mm?
  • #618
  • Mar 15, 2012 5:35pm Mar 15, 2012 5:35pm
Quoting richdad711
which of the rules exactly did you break 60mm?
I didnt wait for the entry bar to trade above the signal bar...

I missed the great H1 entry so I kind of rushed in thinking I'd missed the boat...
tradewith60
  • #619
  • Mar 15, 2012 5:40pm Mar 15, 2012 5:40pm
another missed H4 type 2 entry on UJ
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-03-15 at 22.39.36.jpg Size: 30 KB
tradewith60
  • #620
  • Mar 15, 2012 5:49pm Mar 15, 2012 5:49pm
Quoting 60minuteman
I didnt wait for the entry bar to trade above the signal bar...

I missed the great H1 entry so I kind of rushed in thinking I'd missed the boat...
got it 60mm, thanks.
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