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1minute 1 trade

  • #41
  • May 7, 2012 3:06am May 7, 2012 3:06am
Quoting Ezzy
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.
Strictly according to the rules there was an entry before that one a couple of bars back. It was a loser as well. I marked it with the red vertical line in the chart below:

Attached Image (click to enlarge)
Click to Enlarge Name: eu-04may2012.gif Size: 17 KB
  • #42
  • May 7, 2012 3:10am May 7, 2012 3:10am
Quoting Golum
For me this is the entry for today
According to the rules there were 2 setups before the one you have shown. If we dont follow the rules strictly then the setups become subjective and the statistical win/lose ratio of the system is compromised.

JPR
  • #43
  • May 7, 2012 3:11am May 7, 2012 3:11am
Quoting Jpr
Strictly according to the rules there was an entry before that one a couple of bars back. It was a loser as well. I marked it with the red vertical line in the chart below:

Attachment
I think the entry point for a shoth must be bellow the low between Frankfurt open and London open
  • #44
  • May 7, 2012 3:15am May 7, 2012 3:15am
Quoting Golum
I think the entry point for a shoth must be bellow the low between Frankfurt open and London open
Ignore the short on my chart - that is a different system. The LONG entry according to this system was marked with the red vertical line as I said.

JPR
  • #45
  • May 7, 2012 3:22am May 7, 2012 3:22am
my brief perusal of the rules:
1] your only option at present is short (previous session bias is short)
2] first short opportunity 729 GMT @ 3006
3] SL @ 3035!?

.
  • #46
  • May 7, 2012 3:24am May 7, 2012 3:24am
I will be testing this system over the coming weeks/months according to the rules posted by Paulus on Page 1.

Just wanted to say thank you to Paulus as well for his generosity to the trading community through this forum.

I want to test 2 other pairs as well as E/U. These will be G/U and E/J. I will only take 1 trade per day on each pair and post all my results here with charts. Entry will always be at the close of the candle marked with a red vertical line. Stop loss marked with a purple horizontal line.

Here are results for 7th May 2012:

E/U - Loss 5% (chart already shown in previous post).

G/U - Loss 5%

Attached Image (click to enlarge)
Click to Enlarge Name: gu-04may2012.gif Size: 16 KB


E/J - Loss 5%

Attached Image (click to enlarge)
Click to Enlarge Name: ej-04may2012.gif Size: 16 KB
  • #47
  • May 7, 2012 3:44am May 7, 2012 3:44am
Thank you for the idea, Paulus!
  • #48
  • May 7, 2012 3:59am May 7, 2012 3:59am
awesome. Will definitely take a look at this system. A+++
  • #49
  • May 7, 2012 4:24am May 7, 2012 4:24am
Quoting Madness
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.

around 5-15 pips spread is added to calaculate the 15%

I have mentioned about the sl in my opening page I do sometimes have problems putting one in the market

ie sl 15 pips spread 3 pips = 18 TP x 3 = 54 pips

P
  • #50
  • May 7, 2012 4:27am May 7, 2012 4:27am
Quoting fugly
I think today was a loss ..... part of the game .... good thing about this is just one trade a day.
You cannot get spot on accurate entry on a 1min time frame using the last swing hi lo as a SL as the noise on the 1min is massive..hence the 3:1 RR

Trade 3% risk gives you 33 losing days on the trot ..I will be looking at other MM systems which I will post today which might be better than the 5% or % rule

P
  • #51
  • May 7, 2012 4:30am May 7, 2012 4:30am
Quoting Ezzy
Please correct me if I am wrong.



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.

I wouldnt it 1trade per day ..and the 1st page syas take every signal if you miss the 1st trade you need to wait for the next day

The results I have are only 25days long I have thrown this into the forum to perhaps improve and or help others ..even if one part of this system completes your own system then we have won and some one has moved forward

P
  • #52
  • May 7, 2012 4:31am May 7, 2012 4:31am
Quoting Paulus
Please dont forget only 25 days of data..this may well just blow up !!

Ive always like the idea of taking just 1 trade and shutting down for the day, whats the points of getting financial freedom only to spend your life sting in front of a PC for 8 hours a day on your own

Boredom kicks in, you start to gamble and play and suddenly the business plan is out the window money management is out the window risk control is out the window

Pretty soon the PC is out the window!

This system uses a very basic principle..Where’s the trend heading jump...

another thread from paulus. iam curious to know which one of your systems you use yourself ? which one actually works better.

anyway, do you have a manual alternative for the macd_z ? as my indicator file is completely full !

thanks
  • #53
  • May 7, 2012 4:32am May 7, 2012 4:32am
Quoting camvcvoo
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.
Thats fine just make sure you dont sit out for 10days because higher time frames remove 90% of the signals to take a 1min trade based on a 4 hour and daily chart is rather extreme..for me to use that I would need to be trading the 1hour chart

I would rather use the 5min and 15min ..but I dont
P
  • #54
  • May 7, 2012 4:33am May 7, 2012 4:33am
Quoting Golum
For me this is the entry for today

Why ?

P
  • #55
  • May 7, 2012 4:34am May 7, 2012 4:34am
Quoting Jpr
According to the rules there were 2 setups before the one you have shown. If we dont follow the rules strictly then the setups become subjective and the statistical win/lose ratio of the system is compromised.

JPR

correct..with more data things may change..I always forward

P
  • #56
  • May 7, 2012 4:39am May 7, 2012 4:39am
Quoting PeterE
my brief perusal of the rules:
1] your only option at present is short (previous session bias is short)
2] first short opportunity 729 GMT @ 3006
3] SL @ 3035!?

.

Trade has to be after 8am UK time and I was looking long will post my chart in a couple mins

P
  • #57
  • May 7, 2012 4:40am May 7, 2012 4:40am
Quoting Jpr
I will be testing this system over the coming weeks/months according to the rules posted by Paulus on Page 1.

J

E/U - Loss 5% (chart already shown in previous post).

G/U - Loss 5%

Attachment

E/J - Loss 5%

Attachment
Hi if I were to trade 2 I would pick 2 that moved opposite to one another not in symmetry..not too worried about spread as the actual TP is rather small really

P
  • #58
  • May 7, 2012 4:43am May 7, 2012 4:43am
Quoting Paulus
correct..with more data things may change..I always forward

P
Thanks. If you look at the E/J chart then the losing trade could have been missed if as a rule the red MACD bars had to go below a certain level before a signal was valid.

This may be something to consider moving forward in the future but I want to give the system at least 50 trades (50 days) on each pair to get some kind of forward testing win/lose stats.

JPR
  • #59
  • May 7, 2012 4:44am May 7, 2012 4:44am
Quoting whatfx
another thread from paulus. iam curious to know which one of your systems you use yourself ? which one actually works better.

anyway, do you have a manual alternative for the macd_z ? as my indicator file is completely full !

thanks
I get asked that allot..I cast many seeds only a few flowers grow lol..to be HONEST its about ideas ideas ideas..I never keep them to myself I would rather be shot down in flames AND WASTE NO MORE TIME ON IT THEN TRY TO USE A SYSTEM THAT JUST DOESNT WORK..

iTS LIKE BRAINSTORMING i SUPPOSE.......... IF WE WERE ALL SITTING ROUND A LARGE CONFERENCE TABLE i WOULD BE THROWING ALL THIS STUFF INTO THE POT..SOME ONE MAY TAKE 3 PARTS OF 3 SEPARATE SYSTEMS AND USE IT TO MAKE A GREAT SYSTEM..

SORRY ABOUT CAP LOCK HAD HEAD DOWN WHEN TYPING..IM NOT SHOUTING AND CANT SPEND TIME RE TYPING ;-)

p
  • #60
  • May 7, 2012 4:46am May 7, 2012 4:46am
Quoting joancb
So... would that be the trade of today?
No. Your time zone settings are all wrong. You have London open time 3 hours too early.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
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