Challenger
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DislikedHave been looking at some stats...
Results for last 4 weeks to today (all times are GMT):
using method as laid down ~ W 7; L 13.
using 6 till 7 to establish bias ~ W7: L 13.
using 5 till 6 for bias, trading from 6am ~ W 13; L 7.
NO bias, take first signal buy or sell from 6am ~ W 13; L 7
NO bias, take first signal buy or sell from 7am ~ W 11; L 9
Does any of this resonate with others?
strada.Ignored
DislikedHow can bias be everything, we're trading off a 1min chart after the open of one of the world's biggest trading markets, where does the bias from the previous 2 hours fit into that?Ignored
Dislikedconfirm that:
"using method as laid down ~ W 7; L 13." is the 2 hours before London Open? Yes
So you are retaining only the Stoch plus Macd colours for entry. Yes
Anything looks better than the laid down bias method!
Do you have any preferences for an alternative? [color="RoyalBlue"]You know me, I'll go where the best return is showing, so from Monday I'll be trading No bias and as I normally have everything set up for 7am (6 GMT) i'll be trading post Frankfurt open,...Ignored
DislikedResults for last 4 weeks to today (all times are GMT):
using method as laid down ~ W 7; L 13.
using 6 till 7 to establish bias ~ W7: L 13.
using 5 till 6 for bias, trading from 6am ~ W 13; L 7.
NO bias, take first signal buy or sell from 6am ~ W 13; L 7
NO bias, take first signal buy or sell from 7am ~ W 11; L 9Ignored
Dislikedgood stuff strada , please back test the last 24mths and report backIgnored
DislikedHi Strada,
very interesting stats. Especially the results with no bias. It may actually be that the market has not determined its daily bias and the early swings and "fakes" are the process by which it is decided. (order flow).
On forextsd there used to be a guy who claimed to make a lot of money trading that phenomena.
Also of course the markets have been choppy an news driven risk on/off etc.Ignored
DislikedHi,
been a reader here since the beginning but didn't post so far
Haven't traded this method yet but now coded an indy to play with
And as always, the number of changeable parameters keeps growing to look what happens if you change this or that
So what we've got:
RangeStartTime/RangeEndTime:
- is your brokers time so you have to adjust to GMT yourself
InvertBias:
- Bias is the difference between StartTime openprice and EndTime openprice ->positive/bullish,negative/bearish bias. This option allows to invert bull/bear.
InvertSignal:
- show...Ignored
DislikedHi Guys!
trade is on at the moment.
Enter short @ 1.2543
SL: 1.2562
TP: 1.2504
"Trade what you see" hmmm. a strange picture... ;-))
We'll see how the trade develope. Due friday I think to close the trade earlier...
Bye, AlexIgnored
DislikedStep 2
Using your market open lines draw a line from EUR open to Euro close it hasn’t got to be super accurate it has to give the general bias of the market
In this example the bias is up so we then draw a horizontal line on the low of the Euro session
If this is broken before we get a signal we then look for a short.If its not broken then we continue looking for a long trade
This is shown in Chart AIgnored
Dislikedgood stuff strada , please back test the last 24mths and report backIgnored