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1minute 1 trade

  • #61
  • May 7, 2012 4:47am May 7, 2012 4:47am
Quoting Jpr
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
sounds good to me..I sure many many good systm on this forum are given up for dead just because a draw down period is entered we have to try and not get sucked into the thought process of trying to acheive nice smooth equity flow we can try to control it but the beast will go where it wants we just need to make sure we the safety belts on

P
  • #62
  • May 7, 2012 4:49am May 7, 2012 4:49am
Quoting Paulus
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
Yeah I agree, it's just these are the three pairs I like/know the best. Only E/U is live (small micro account) and the other two are demo anyway. If however the G/U (or E/J) gives better results than E/U after some testing then I would just switch to G/U live.

I agree that trading multiple pairs which are correlated will just magnify losers (but conversely magnify winners!), however I would only trade this system live on one pair, whichever is performing the best according to current statistics.

If anyone else wanted to forward test any other pairs then crack on!

JPR
  • #63
  • May 7, 2012 4:49am May 7, 2012 4:49am
Equity £9,200
5% = £460

Result loss

Equity £8,740

P
Attached Image (click to enlarge)
Click to Enlarge Name: m.gif Size: 28 KB
  • #64
  • May 7, 2012 5:00am May 7, 2012 5:00am
Not that I Analise such things as normal procedure but often look at things more so in my past days really so Id stop beating myself up

Today was a good looking entry...look at the other pull backs average on all 5 ...8 pips...our pull back was 10... it was a good setup just didnt work

P
  • #65
  • May 7, 2012 5:01am May 7, 2012 5:01am
Quoting Paulus
Equity £9,200
5% = £460

Result loss

Equity £8,740
l settings
P

manual alternative to macd_z please. i.e. manual sehat ttings on standard mt4 macd.

what time do you consider euro open and close, u.k. london time ?
  • #66
  • May 7, 2012 5:13am May 7, 2012 5:13am
MACD

Fast 5
Slow 34

Times I use are Euro open 6am UK open 8am current UK time

P
  • #67
  • May 7, 2012 5:22am May 7, 2012 5:22am
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
Well said Jpr. So easy to pick out the good trades after the event but all you end up doing is fooling yourself when it comes to trading in the real world. Stick to the rules and look for ways to improve on the success ratio in real time.
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
  • #68
  • May 7, 2012 5:32am May 7, 2012 5:32am
ok, your bias is taken from previous 2 hrs only

SL, personally a bit of room below/above S/R is preferrable (5 on EURUSD).........and this trade is surviving

entry 3009
SL 2989 (and trail!)
TP 3069
.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-05-07_2028.png Size: 47 KB
  • #69
  • May 7, 2012 5:53am May 7, 2012 5:53am
Quoting PeterE
ok, your bias is taken from previous 2 hrs only

SL, personally a bit of room below/above S/R is preferrable (5 on EURUSD).........and this trade is surviving

entry 3009
SL 2989 (and trail!)
TP 3069
.
agreed but to get 3 x initial risk is now so such greater

P
  • #70
  • May 7, 2012 6:44am May 7, 2012 6:44am
Is it a loss today Paul!!!

I think it is a profit

SL= 10 pips
TP =30 pips

Please see the attached picture


Quoting Paulus
Equity £9,200
5% = £460

Result loss

Equity £8,740

P
Attached Image (click to enlarge)
Click to Enlarge Name: todays trade.gif Size: 30 KB
  • #71
  • May 7, 2012 7:19am May 7, 2012 7:19am
Quoting Paulus
MACD

Fast 5
Slow 34

Times I use are Euro open 6am UK open 8am current UK time

P

and close times ?
  • #72
  • May 7, 2012 7:22am May 7, 2012 7:22am
Quoting whatfx
and close times ?
Lord!
  • #73
  • May 7, 2012 7:27am May 7, 2012 7:27am
Quoting simplecoders
Is it a loss today Paul!!!

I think it is a profit

SL= 10 pips
TP =30 pips

Please see the attached picture
It seems as if your open times are wrong, they should be 6 am and 8 am UK time (5 am and 7 am GMT)
Regards
  • #74
  • May 7, 2012 7:42am May 7, 2012 7:42am
There should be one hour (not two hours) difference between Euro open (Frankfurt open) and UK (London) open. Isn't it?
  • #75
  • May 7, 2012 7:45am May 7, 2012 7:45am
Quoting simplecoders
There should be one hour (not two hours) difference between Euro open (Frankfurt open) and UK (London) open. Isn't it?
Paulus is using a 2 hour period before London open, please check his charts
Regards
  • #76
  • May 7, 2012 7:47am May 7, 2012 7:47am
Quoting simplecoders
There should be one hour (not two hours) difference between Euro open (Frankfurt open) and UK (London) open. Isn't it?
Correct

London open is always at 8am local time (currently 7am GMT)

Frankfurt open is always at 8am local time (currently 7am in the UK and 6am GMT)

Using a 2 hour gap between the European and UK open is incorrect
  • #77
  • May 7, 2012 7:48am May 7, 2012 7:48am
Quoting howard
Paulus is using a 2 hour period before London open, please check his charts
Yes he is, but that means that his opening price is also one hour before the Frankfurt open
  • #78
  • May 7, 2012 7:51am May 7, 2012 7:51am
Hi Paulus,

Thanks for another wonderfull mechanical system.....

Maybe we can increase the % wins if we enter only if the high/low of the signal candle is broken? Today we have a win, we need to test more.....

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 21 KB
  • #79
  • May 7, 2012 8:04am May 7, 2012 8:04am
Quoting driftwood
Lord!
I think he is......
  • #80
  • May 7, 2012 8:04am May 7, 2012 8:04am
Strategy looks very promising
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