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1minute 1 trade

  • #21
  • May 6, 2012 12:08pm May 6, 2012 12:08pm
Doesn't would be simpler just to check the hourly candle of the Frankfurt session? If it's bullish, then buy bias, if it's bearish, then sell bias. The low of that candle would be the low of the session. So no drawing lines on 1 minute chart needed. Btw this method looks interesting, I will give it a try next week.
  • #22
  • May 6, 2012 12:38pm May 6, 2012 12:38pm
We surely can backtest this for longer data, however its alway a bit speculation in backtesting..for example : On my first test May 4 signal was short-win, on second short-loser :}} (Depending on entry candle I picked)
  • #23
  • May 6, 2012 1:21pm May 6, 2012 1:21pm
Quoting billbss
There is only 1 hour's difference between the Frankfurt open and the London open.

Your chart shows 2 hours difference.

Hi Paulus,
Thanks for the system - will be testing.

This is a valid point made by billbss. Do you use an hour (7am GMT- 8am GMT) to determine bias or two hours? Because in your chart A you use two hours.

It is my understanding that EURO open is 7am GMT and London Open is 8am GMT (only 1 hour).

Just want to know so I can keep it consistently mechanical in testing.

Many thanks

JPR
  • #24
  • May 6, 2012 1:34pm May 6, 2012 1:34pm
Hi Paulus,

will it be possible for you to upload the template?

Thank you so much
  • #25
  • May 6, 2012 2:53pm May 6, 2012 2:53pm
Quoting Zool
Doesn't would be simpler just to check the hourly candle of the Frankfurt session? If it's bullish, then buy bias, if it's bearish, then sell bias. The low of that candle would be the low of the session. So no drawing lines on 1 minute chart needed. Btw this method looks interesting, I will give it a try next week.
hmm thats a good idea I will take a look

Thanks
  • #26
  • May 6, 2012 2:55pm May 6, 2012 2:55pm
Quoting migmac
Hi Paulus,

will it be possible for you to upload the template?

Thank you so much
here u go

P
Attached File(s)
File Type: tpl 1min 1trade.tpl   187 KB | 2,159 downloads
  • #27
  • May 6, 2012 3:33pm May 6, 2012 3:33pm
Based on the MM and R:R of 5%:15%, i see that lot size for each day may varies due to the different pip count for swing high or low.

Maybe someone can code a script for Buy / Sell with auto lot size entry using last swing high or low based on the MM rules suggested?

Hope i have expressed myself correctly...

福 子 Victor V
  • #28
  • May 6, 2012 5:06pm May 6, 2012 5:06pm
Paulus,

what are your average stop losses in terms of PIPS? just a ballpark would do the trick

Seems like the stops are very tight... less than 15 pips (need very tight spreads).

only reason i ask is bc, US traders are only getting 50:1 buying power, so to risk 5% on 10ish pips, have to use almost 100% of our available BP. best thing to do is to create a sub-account, so that you can easily keep track and so your able to enter other positions.
  • #29
  • May 7, 2012 12:09am May 7, 2012 12:09am
So... would that be the trade of today?
Attached Image (click to enlarge)
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  • #30
  • May 7, 2012 12:12am May 7, 2012 12:12am
Quoting joancb
So... would that be the trade of today?
Now is 08:10 London time I think that your time setup is not ok.
  • #31
  • May 7, 2012 12:17am May 7, 2012 12:17am
I think today was a loss ..... part of the game .... good thing about this is just one trade a day.
  • #32
  • May 7, 2012 12:23am May 7, 2012 12:23am
Please correct me if I am wrong.

Bias should be long given the open Frank and open London.

Attached is a chart of the first long signal, which this time around did not work.

Please comment Paulus if the set was right.

Also, to anyone reading this, as Paulus suggested you will get losing trades, there is no holy grail, in this ocassion i was a loser.

My question now is, if you didn't take the signal in the chart below, can we wait for a short signal if the low of the previous hour is broken.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 16 KB
What you do is a reflection of you....what I do is a reflection of me.
  • #33
  • May 7, 2012 12:24am May 7, 2012 12:24am
Based on the rules, it should be a buy trade. However, i choose not to take it because H4 and Daily are showing downtrend, to me.
福 子 Victor V
  • #34
  • May 7, 2012 12:43am May 7, 2012 12:43am
my i-phone tells me its 8.45 in London and the market opens in about 15 minutes.
Frankfurt just opened 45 min ago. Right?
  • #35
  • May 7, 2012 12:47am May 7, 2012 12:47am
Quoting interbucks
my i-phone tells me its 8.45 in London and the market opens in about 15 minutes.
Frankfurt just opened 45 min ago. Right?
Yes, right

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #36
  • May 7, 2012 12:47am May 7, 2012 12:47am
Quoting interbucks
my i-phone tells me its 8.45 in London and the market opens in about 15 minutes.
Frankfurt just opened 45 min ago. Right?
You are one hour late....

Check FF and you will see the opening time for all sessions in your local time.

http://www.forexfactory.com/ at the bottom of the page
福 子 Victor V
  • #37
  • May 7, 2012 12:52am May 7, 2012 12:52am
Quoting interbucks
my i-phone tells me its 8.45 in London and the market opens in about 15 minutes.
Frankfurt just opened 45 min ago. Right?
Markets are considered "open" at 8 am local time. For London that is 7 GMT and 6 GMT for Frankfurt. However, today is a bank holiday in the UK.
  • #38
  • May 7, 2012 12:52am May 7, 2012 12:52am
For me this is the entry for today
Attached Image (click to enlarge)
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  • #39
  • May 7, 2012 12:56am May 7, 2012 12:56am
Thanks, I have got the right times now.
  • #40
  • May 7, 2012 1:03am May 7, 2012 1:03am
[quote=camvcvoo;5643438]You are one hour late....

Check FF and you will see the opening time for all sessions in your local time.

http://www.forexfactory.com/ at the bottom of the page[/quo

Yes you are correct, I was 1 hr late

kos
John 3:16 - From THIS love no power on earth can me sever.
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