1minute 1 trade

rejection of a whole number and break of upper line of a bear TL.

those are my TP's and SL's and im sleeping.

15%!

technically it was pure PA. nonetheless, i learned that i can enter at a better price and exit immediately using your indis.. thanks still, paulus!

Bias was up today as shown on my chart

So looking for the long

Stoch below 20
Macd went dark red
macd went light red
Stock below 50 at that point

Entered long

SL and approx TP shown

Monday 25th

Account £22,257 x 5% = £1,112
Result - Win £3,338

Account - £25,595

Tuesday 26th

Account £25,595 x 5% = £1,279
Result - Win £3,835

Account - £29,430

[quote=Paulus;5792063]Bias was up today as shown on my chart

So looking for the long

Stoch below 20
Macd went dark red
macd went light red
Stock below 50 at that point

Entered long.


Trend look around, on the market? No need to watch the candles opening?

[quote=tol;5792126] ??

Hi Paulus,

why did you take the middle of the LO candle for bias and not the open?

I asked why such an inclination? If you look at the candle opening of Europe and London, then take the downward slope! Then the slope of the trend take approximately on the market?

Because it produced a winning trade for record purposes!!!
Third time in last 6 trading days results have been manipulated, now getting beyond a joke, daily results quoted have no credibility.

From page 1, paulus' own rules which clearly show bias down on his own chart-

"Step 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"

I dont know what planet your on..

traders like you make me sick manipulating the signals...please have a day off

Seems traders or so called traders here seem to want to pick my bones in minute detail...here is the line drawn again for your benefit Strada...oh 197 post on other peoples threads none statred you..cant take the critism...got no ideas ..to scared or insecure to post your self in front of the mob...Im not out to help people like you ..you want the holy grail of off other peoples backs

From page 1

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


And for your info the EU open and London open times have been the same since the threads started in fact 5 weeks before the thread started..Im not interested in your arguments about what time EU actually open my lines have been consistant

1at candle open to last candle close

Which I take as the open of the 1st candle after the EU line
And the close as the close of the last candle before the London open line

Hmmm its going up

Ok lets draw close of candle on the EU open dotted line to the close of the candle on the open london dotted line

Hmmm its going up

Im drawing lines on what I see you may not have the same opening times as me due to time differences why dont you check that out 1st before you decide to slag a trader that has given shite loads back to this forum

I really take offense to you views on me personally

Your not on ignore strada .. I want to hear your views Im sure you will compose a long convoluted reply carefully thought out and written..oh you want to see my spread betting accounts my account number and my own personal bank statements..perhaps a brief run down on my family history or ...am I really a 49 year old guy who placed his 1st trade in the car park of the registration office of his baby daughter who is now 14 years old....or am In reality a scammer waiting to entice all the lost souls into my web of decit and manipulation.

You have not drawn your line from the "EUR open to Euro close" as per your very simple rules.
This may be a lack of understanding of your own rules but a line drawn from EU open ie the OPEN of the 6am (5am GMT) to the EU close ie the CLOSE of the 7.59 (6.59 GMT) bar will clearly show a bias to the downside, which is what most people on here had this morning.

The rest of your post I can afford to ignore, your reaction is wholly predictable in these circumstances.

Once again I will thank you for bringing this combination of indicators and MM to the forum, I will certainly be using them, but obviously not in the same way you use them as I'll be trading live.
strada.

hehe, nice slap on cynicals, good one

Paulus,
I have no axe to grind here as I really like this way of trading having started out as an easy to understand stategy things seem to have got a little muddled. If you take todays open of euro session to todays close of euro session bias was down. If you take todays open of euro session to open of london bias was down, now you tell us you took close of open candle of euro sesssion to close of last candle euro session to give a long bias. It would seem that most people following this thread took the bias this morning to be short just about, so its no wonder we are just trying to get some clarification as to which candle we go from to which candle we go to, pehaps you could just say what that is and we will all be happy bunnies
Geoff

Paulus wrote:

From page 1

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

AND he wrote:

1at candle open to last candle close

Which I take as the open of the 1st candle after the EU line
And the close as the close of the last candle before the London open line

--------------------

It makes no sense to say: draw a line from the EUR OPEN as the rule.... but NOW to tell us that HIS DEFINITION of the EUR OPEN is the actually open of the 2nd bar after the open as the OPEN.

Here's WHY it's so obviously flawed.

Let's suppose that we were trading 1 hour charts instead of 1 minute.

If someone told you to trade the EUR OPEN then NO ONE would consider the open of the 2nd 1 hour bar to be the EUR OPEN.

Now if the rules had of said: Trade the OPEN of the 2nd one minute bar after the OPEN, then everything would kosher.

...But that's not what the rules say.

Therein lies the bulk of the frustration from what I can see.

OK Paulus, I've double checked what you said in your last post and I concede that you have been consistent in that you have been using the close of the 6am bar/candle as your starting point. On that basis I was wrong to question your trade today. For that I apologise.

The issue of where the bias line should be drawn will no doubt be discussed further with others now.

The issue of the other 2 trades I questioned is something you may want to reconsider. On those days if trades had been taken according to the rules they would have been quite different from the results you quoted. You decided to use some discretion and entered different trades not in accordance with the rules. Don't you think it would be better in the interests of accuracy, fairness and transparency to show results only for those trades that were generated by the method according to the rules. We all know the results will still be impressive.
Anyway, obviously it's up to you, your thread. I'll save you the trouble of putting me on "ignore", I've had my say, time for me to shut up, I'll stay out of the room now and wish you all good trading with this very good set of tools.
Strada.

you might like to create your own definition of bias

my definition of bias:
1 min open at 500GMT, plus/minus 1 min open at 700GMT
and i want the difference to be >=5 pips

alternatively, you could just use Paulus' definition of bias.........his results are better than mine

.

You people are unreal!

"it hasn’t got to be super accurate it has to give the general bias of the market".

If you eyeballed that chart you would look to the left of your monitor for that time frame then look to the right of your monitor. What do you see ?

TREND WAS UP.

This ea is for educational and analysis purposes only ...

I like this system. Last weekend I wrote this EA. It is a work in progress. It started off as fully customizable (including indicator values) but i have trimmed down the cutomizable variables to a manageable number.

The rule about doing a counter bias trade is not quite right (it is very close). The time values are all chart time (for ease of understanding). The default times work pretty well with a US East coast server.


Mark

Ps.


To install and run the EA ...

1. Copy the ea to the Installdirectory\experts folder of your MT4 installation

2. Restart Mt4

3. Ctrl-o should open the options window (or use tools -> options
a. Check everything EXCEPT "Ask for Manual Confirmation"
b. Click OK button

4. If you do not have the Navigator showing use Ctrl-N to open it.

5. Open a 1 minute chart that you will attach this EA to.

6. Expand Expert Advisors node

7. Double click on the EA (Marks1Min1TradeEA_v2)

8. Clicking OK button will load to the chart. A successful load will place a little smiley face in top right hand corner. A frowny face means the EA is attached but not running.


EA Settings
ALL TIME SETTINGS ARE THE TIME LISTED ON THE CHART

Make Trade = true Allows the EA to make trades (a secondary off switch)

zoneStartHour = the chart hour in which to begin calculating the Bias (set to Europe OPEN)

oneStopHour = the chart hour in which to end calculating the Bias (set to London OPEN)

useTradingTime = true enables trading only during hours listed

StartTradingHour = the chart hour to begin looking for trading oportunities (set to London OPEN)

StopTradingHour = the chart hour to stop looking for trading oportunities (set to London Close)

AllowedNumberOfTrades = 1 the number of trades allowed in the Trading Session set above (set to 1)

UseCounterBiasTrading = true When set to true uses the break of the Bias Session high and low to look for trades in the opposite direction *This rule is not 100 % and i am still trying to flush out some of the rules. There are a couple more exceptions I need to code into this

StopLossMinimum = the number of Full Pips to use as a minimum StopLoss default set to 15 pips

StopLossBuffer = the number of Full Pips to add to the StopLoss - used to help cover spread and tweak StopLoss default is set to 5

BrokerUsesFractionalPips = true Set to true if your broker uses fractional pips. i.e. the Eur/Usd is 5 digits after the decimal 1.37624

Lots = 0.01 the base size of the lot used if not wanting to use Money Management feature

AutoMoneyManagement = true Set to true to use the money management feature

RiskBasedOnStopLoss = true Sets the number of lots based on the StopLoss value, the value of the currency and the tradable amount in your account.

PercentToRisk = 5.0 uses 5% of total tradable amount in account to calaculate trade size.

AllowedSlippage = 3 the value of acceptable slippage. this is sent with the trade order and if Broker quote is outside of this setting the broker will not place the order.

I took my short this morning based on the rules on page one defining the bias and entry criteria. I was not the only one. It stopped out for a loss. No big deal. Then tonight I come back and read the proclamation by Paulus that his bias was up.......thankfully there was an outcry of "FOUL !!!" A heated debate ensued and then everybody tried to kiss and make up. I just smile and shake my head. So much BS. A potentially good mechanical system ruined by 20/20 hindsight. I'll continue to watch, but it might be just for entertainment value. Designate me as "disappointed".

Eat the chicken, spit the bones, its all up to individual readers.

Too many trying to measure with micrometer, draw with chalk and cut with an axe, they soon forget the spirit of the design of this strategy, simplicity.

I like this strategy, its taught me many things, but I also come with prior knowledge, so I combine and achieve the target, if I miss it, its only myself to blame. It takes a lot of energy to start and share in forums, I give credit to Paulus here, and for having to put up with these BS by pushovers who's better off absent.

Thank you Peter E for the location of this Zip.

Frank