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1minute 1 trade

  • #161
  • May 9, 2012 3:23am May 9, 2012 3:23am
Quoting punisher
right, but sometimes can be tricky, all Broker have diff datafeed, so best to check all the same datafeed = same broker
It doesn't matter which broker you use, Frankfurt and London start at the same time Monday to Friday. Check ( according to your local time):

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

or

http://www.forexmarkethours.com/

If you cannot handle this by yourself, you should not be trading, period.
福 子 Victor V
  • #162
  • May 9, 2012 3:32am May 9, 2012 3:32am
may I not write clear and all
you totally right for the time, that was not my intention.
but the price candle and was follow the price, the indicator will be diff. may your price break and other broker not and important also some will see a indicator above the 80 level but other not and so on.

and this will by a sys what only trade 1 per day very funny, some make tons of $ and other blow the account

Quoting camvcvoo
It doesn't matter which broker you use, Frankfurt and London start at the same time Monday to Friday. Check ( according to your local time):

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

or

http://www.forexmarkethours.com/

If you cannot handle this by yourself, you should not be trading, period.
  • #163
  • May 9, 2012 3:58am May 9, 2012 3:58am
Believe today 9th May was a loss ..... lets wait for Paulus to post his result ..

if we have a winning trade tomorrow the losses for these 3 days would be wiped clean
  • #164
  • May 9, 2012 4:21am May 9, 2012 4:21am
Quoting Jpr
The reason he probably hasn't stated anything is because he knew his thread would be taken over by time zone/session discussions like nearly every other thread is.

Why don't you just pick one for yourself and test it. Test it consistently for 20 days and post results. If it doesn't look good then try the other one for 20 days and see if it make a difference.
I've picked the Frankfurt open as reference and testing it since the begining of the week. 3 losing trades. Someone noticed that on one of Paulus's screenchot there was 2 hour time before London open - and so the guessing began. Only he could end this debate with stating clearly if the screenshot was bad or the "eur open" part in the rules is bad.

Btw I've made a manual backtesting between the begining of April and 4th of May. There were 25 trades, 14 winner, 11 loser. The largest losing streak was 4 loss in a row. With the forward testing's 3 loss there is 50/50% win-loss based on 28 trades.
  • #165
  • May 9, 2012 4:22am May 9, 2012 4:22am
Quoting Jpr
The reason he probably hasn't stated anything is because he knew his thread would be taken over by time zone/session discussions like nearly every other thread is.
I agree. This discussion show up in most threads and tradingrooms over and over again. It never ends.
Anyway, this link should make it clear when markets open and close (also Frankfurt) and then people can test if market open is the best or it is better to use two hours before London open. But the never ending discussion about timezones and market times should end now:

http://forex.timezoneconverter.com/

Arctic4x
  • #166
  • May 9, 2012 4:26am May 9, 2012 4:26am
Here are the backtest summarized on daily chart. Green line: winning trade, red line: losing trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 1min1trade_bt.gif Size: 41 KB
  • #167
  • May 9, 2012 4:28am May 9, 2012 4:28am
Quoting Zool
Here are the backtest summarized on daily chart. Green line: winning trade, red line: losing trade.
Zool, have you written an EA to back test this?

Is it possible for you to back test over a longer time period?

Cheers,
L
  • #168
  • May 9, 2012 4:34am May 9, 2012 4:34am
simply, i place a stop 5 pips above/below pivots that appear significant to me........that's it

Quoting scarlet pipe
Can I ask what criteria you are implementing to determine your SL levels?
  • #169
  • May 9, 2012 4:44am May 9, 2012 4:44am
the bias is up (using system rules) for euro, but i dont believe it

tight stops and trail
.
  • #170
  • May 9, 2012 5:18am May 9, 2012 5:18am
I have the template from Paulus and see at may 4, we have a loss of 5% because at was a long bias, but at your chart you have a win at a short trade.

please can you check your backtest and tell us why

cheers

Quoting Zool
Here are the backtest summarized on daily chart. Green line: winning trade, red line: losing trade.
  • #171
  • May 9, 2012 5:20am May 9, 2012 5:20am
Quoting lewbar
Zool, have you written an EA to back test this?

Is it possible for you to back test over a longer time period?

Cheers,
L
No, I've done it manually. If I have some more free time I will backtest more months.

I've used the following rules: check high-low 1 hour before London open. Stop loss is above/below recent swing high/low by 2 pips.
  • #172
  • May 9, 2012 5:30am May 9, 2012 5:30am
Quoting punisher
I have the template from Paulus and see at may 4, we have a loss of 5% because at was a long bias, but at your chart you have a win at a short trade.

please can you check your backtest and tell us why

cheers
I hope the screeshot explains why
Attached Image (click to enlarge)
Click to Enlarge Name: 1min1trade_bt_may4.gif Size: 28 KB
  • #173
  • May 9, 2012 5:41am May 9, 2012 5:41am
ok I see but sure the price go higher then the last swing high plus spread, so paulus say that was a loss, see the pic

btw, in the template you can see all winner and loss from the last month, enjoy

Quoting Zool
I hope the screeshot explains why
Attached Image (click to enlarge)
Click to Enlarge Name: paulus_may04.JPG Size: 53 KB
  • #174
  • May 9, 2012 5:53am May 9, 2012 5:53am
winner +300 and loss by -100
april
2 300
3 300
4 300
5 300
6 300
9 -100
10 -100
11 -100
12 300
16 -100
17 300
18 300
19 300
20 -100
23 300
24 300
25 -100
26 300
27 -100
30 300
  • #175
  • May 9, 2012 6:34am May 9, 2012 6:34am
that said, this is meant to be mechanical.......not subject to discretion!!

buy @ 2980
SL @ 2960
TP @ 3030 (1:2.5), & placing TP below potential resistance

confident it will be stopped,.......but let's see if we can keep discretion out of this

Quoting PeterE
the bias is up (using system rules) for euro, but i dont believe it

tight stops and trail
.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-05-09_2128.png Size: 38 KB
  • #176
  • May 9, 2012 6:35am May 9, 2012 6:35am
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..Wheres the trend heading jump...

any idea why the indis cant be downloaded ? i get a message saying cannot be downloaded ??
  • #177
  • May 9, 2012 6:35am May 9, 2012 6:35am
Quoting Zool
I've picked the Frankfurt open as reference and testing it since the begining of the week. 3 losing trades. Someone noticed that on one of Paulus's screenchot there was 2 hour time before London open - and so the guessing began. Only he could end this debate with stating clearly if the screenshot was bad or the "eur open" part in the rules is bad.

Btw I've made a manual backtesting between the begining of April and 4th of May. There were 25 trades, 14 winner, 11 loser. The largest losing streak was 4 loss in a row. With the forward testing's...
If the system remains at a 50/50 win loss ratio then it will be profitable because of the 1:3 risk reward ratio. Happy days.
  • #178
  • May 9, 2012 6:38am May 9, 2012 6:38am
E/U

Daily result - LOSS
Result sequence - LLL

Attached Image (click to enlarge)
Click to Enlarge Name: eu-09may2012.gif Size: 24 KB


G/U

Daily result - LOSS
Result sequence - LLL

Attached Image (click to enlarge)
Click to Enlarge Name: gu-09may2012.gif Size: 20 KB


E/J

Daily result - LOSS
Result sequence - LLL

Attached Image (click to enlarge)
Click to Enlarge Name: ej-09may2012.gif Size: 21 KB
  • #179
  • May 9, 2012 7:25am May 9, 2012 7:25am
Quoting punisher
ok I see but sure the price go higher then the last swing high plus spread, so paulus say that was a loss, see the pic

btw, in the template you can see all winner and loss from the last month, enjoy
I put the stop loss 2 pips above the swing high. The spread is 0.8 pips average, the stop loss was 1.31399 and the swing high after entry was 1.3139 so it was a close one but not a loss here. Maybe different broker/data feed can cause a difference in win/loss with such tight stop losses. I also thinking about that putting the stop loss more than 2 pips away from the swing high/low, about 4-5 pips seems ok to me. In the backtesting I saw, that there would be some trades that turned to winners instead of being losers.
  • #180
  • May 9, 2012 7:36am May 9, 2012 7:36am
Quoting Jpr
E/U

Daily result - LOSS
Result sequence - LLL

Attachment

G/U

Daily result - LOSS
Result sequence - LLL

Attachment

E/J

Daily result - LOSS
Result sequence - LLL

Attachment
If you remember our little discussion yesterday, I closed that trade today +78 pips.
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