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2 Minutes 2 Trades

  • #81
  • Jul 4, 2012 5:02pm Jul 4, 2012 5:02pm
Results from today using the daily pivot bias would have been:

Frankfurt - Loss (Short trade)
London - Loss (Short trade)
  • #82
  • Jul 4, 2012 5:41pm Jul 4, 2012 5:41pm
Hi Strada

I noticed in #23 you took trades before 7am and 8am, which would explain some of your different results.
In #77 you mention using << "stop at win" with 7am biased and 8am unbiased trade for follow up if required >> .

W28/ L7 sounds excellent (!) so I'll have look at that.
What times are you using for these results - after 7am & 8am ?

As always your data analysis is very impressive and useful.

Keep posting a few more results for comparison please.

Thanks

rorieu



Quoting strada
Keep an eye on the 7am with bias trades, they have done just about as well as the unbiased trades at 7 in all my testing.
Using "stop at win" with7am Biased and 8am unbiased trade for follow up if required shows good results. It wasn't on the spreadsheet but the results for that period were W28; L7.

strada.
  • #83
  • Jul 5, 2012 12:24am Jul 5, 2012 12:24am
Yes I have been trying to keep an eye on every thing bt record keeping is not my strongest asset !

Tennis unfortunately no my stomach lining has just repaired after the penalty fiasco......

Mind you our tiddly winks team are doing well !

P


Quoting strada
Hi Paulus, first of all why aren't you watching the tennis???? I'm just having a quick tension break after Murray won the 3rd set, it's a lot more stressful watching him than trading, that's for sure.

Absolutely no doubt about the scenario you portrayed as long as it's an instrument with reasonable results either way but I think you hit the nail on the head over the timescale issue, the trades could be a long time coming and I'd have to go out to work.

I'm going to have another long hard look at your original rules but using the 7am start with...
  • #84
  • Jul 5, 2012 12:46am Jul 5, 2012 12:46am
QUOTE=rorieu

I noticed in #23 you took trades before 7am and 8am, which would explain some of your different results.
The trades were taken just after 7.00/8.00, the signal bars were the 6.59/7.59, are you saying I shouldn't use these? The 6.59 signal bar closes a milisecond before the 7am start, I'm all set to go, this is a serious business, I'm looking for the reasons to trade, I'm not looking for reasons not to trade. So if there is a signal bang on 7/8am then I'm going to use it. I am however looking at this situation on the 8am starts because of the increased volatility sometimes immediately after 8.00am. Be interesting to hear how those trading this feel about this!!
In #77 you mention using << "stop at win" with 7am biased and 8am unbiased trade for follow up if required >> .

W28/ L7 sounds excellent (!) so I'll have look at that.
What times are you using for these results - after 7am & 8am ?
Yes and as above in my testing if there was a signal on a 6.59/7.59 bar I would use it immediately after the hour.

As always your data analysis is very impressive and useful.

Keep posting a few more results for comparison please.
Will do.
  • #85
  • Jul 5, 2012 1:08am Jul 5, 2012 1:08am
Pivot for me this morning is at 1.25442.

The first signal at 7:02 wasn't a valid signal because stoch below 50.

Waiting for next valid setup.
  • #86
  • Jul 5, 2012 1:20am Jul 5, 2012 1:20am
First signal this morning:

Long
Entry @ 1.25272
SL @ 1.25233
TP @ 1.25389

Chart

Attached Image (click to enlarge)
Click to Enlarge Name: eu 6.gif Size: 14 KB
  • #87
  • Jul 5, 2012 1:25am Jul 5, 2012 1:25am
Quoting Jpr
First signal this morning:

Long
Entry @ 1.25272
SL @ 1.25233
TP @ 1.25389

Chart

Attachment
Just stopped out.
  • #88
  • Jul 5, 2012 1:52am Jul 5, 2012 1:52am
There was a short signal just now (first Frankfurt pivot bias trade). Will have to post charts later now.
  • #89
  • Jul 5, 2012 3:57am Jul 5, 2012 3:57am
Long at 525.7 @ 7.16; SL 523.0; TP 534.8. (actual entry 526.8; exit 534.7)

Short at 533.6 @ 8.08; SL 536.0 TP 525.4 (actual entry 533.1; exit 525.1)

(the short was signalled at 8.05 but price immediately moved against trade, waited for price to return to signal bar close and slight price improvement)
  • #90
  • Jul 5, 2012 5:52am Jul 5, 2012 5:52am
"The trades were taken just after 7.00/8.00, the signal bars were the 6.59/7.59, are you saying I shouldn't use these?..."

To quote Wogan: ...Ste---eady!

" I'm looking for the reasons to trade" me too.

I just wondered what the M1 expert was thinking.


Keep up the great work

rorieu
  • #91
  • Jul 5, 2012 2:24pm Jul 5, 2012 2:24pm
Nice ideas are being posted in the thread to try and fine tune things even more. Nice to see suck great work on the thread.

I was basically gone all day long so I did not take any trades but will be back to normal today.
  • #92
  • Jul 5, 2012 4:34pm Jul 5, 2012 4:34pm
Below is a chart of todays entries - red vertical lines show entry candle, arrow shows direction, three orange horizontal lines show SL Entry and TP.

1st trade - 1st Frankfurt signal no bias - Loss
2nd trade - 1st Frankfurt signal with pivot bias - Loss
3rd trade - 1st London signal no bias (also 1st London trade with pivot bias) - Loss
4th trade - Paulus original method (with 6am to London open bias) - Loss

Attached Image (click to enlarge)
Click to Enlarge Name: eu 7.gif Size: 21 KB
  • #93
  • Jul 6, 2012 12:53am Jul 6, 2012 12:53am
Morning JPR, may I ask how you place your orders. Are you doing them manually and your SL is that manual or do you put your actual SL into your order?
  • #94
  • Jul 6, 2012 1:05am Jul 6, 2012 1:05am
Quoting strada
Morning JPR, may I ask how you place your orders. Are you doing them manually and your SL is that manual or do you put your actual SL into your order?
Morning Strada,

I use a script on MT4 called EASY ORDER. I enter on the close of the signal candle (or in the last 5 secs or so) and it automatically places my stop loss where I have positioned a line on the chart (just above last swing high or low).

Once I am in the trade I look at the difference between the entry price I got filled at and the stop loss and then calculate the TP from there (x3).

How do you do it?
  • #95
  • Jul 6, 2012 1:22am Jul 6, 2012 1:22am
Bias this morning from hour before to Frankfurt open is up. Using the daily pivot bias its down. Be interesting to see results this morning from both entries.
  • #96
  • Jul 6, 2012 1:24am Jul 6, 2012 1:24am
I do everything manual, call me a control freak but I need to be totally hands on with 1 min trading. If you give the broker your stop and price comes anywhere near it their deliberately stretched prices will pick it up, some do this by fluctuating the spread, others just by stretching to the extra price print. I'm not saying that any broker is hunting our little stops, their systems are designed to catch all wherever they can.
I never put my actual stop into an order, especially when it is as tight as we use on this. I do put a stop in the order but it will be 15 +/- as a safety net but I'll handle the actual stop myself and I'm guilty as charged of occasionally allowing a little leeway when trading live.
Yesterday on the first trade the difference between the signal bar close and nearest Lo was 1.6 pips so I used the LO slightly further back which didn't get hit.
The second trade yesterday was similar to today's first trade, immediately after the signal bar price rose away from the close so I didn't enter, just something I never do in my normal trading. Yesterday price returned to the signal bar close quite quickly and improved so I went with it but today it didn't so haven't taken anything yet.
  • #97
  • Jul 6, 2012 1:24am Jul 6, 2012 1:24am
Yes, I'm interested to see how this plays out also now that you have stated that.

Need to take not on that and maybe days when the bias is mixed like that maybe it's best to not trade that day.

Quoting Jpr
Bias this morning from hour before to Frankfurt open is up. Using the daily pivot bias its down. Be interesting to see results this morning from both entries.
  • #98
  • Jul 6, 2012 1:32am Jul 6, 2012 1:32am
Quoting strada
I do everything manual, call me a control freak but I need to be totally hands on with 1 min trading. If you give the broker your stop and price comes anywhere near it their deliberately stretched prices will pick it up, some do this by fluctuating the spread, others just by stretching to the extra price print. I'm not saying that any broker is hunting our little stops, their systems are designed to catch all wherever they can.
I never put my actual stop into an order, especially when it is as tight as we use on this. I do put a stop in the order...
Ok thanks for input. Do you use any other systems on the M1 through the trading day?
  • #99
  • Jul 6, 2012 1:37am Jul 6, 2012 1:37am
Quoting Jpr
Ok thanks for input. Do you use any other systems on the M1 through the trading day?
Yes, been trading the same method for over 5 years every day normally start sometime before 7 and most days have enough by 10'ish. Best not to discuss that here but you'll find it in my posts list in my profile. If this continues like this week I may have to reconsider though. 2 trades a day sounds much more attractive, so watching with great interest.
Might be looking at a long soon!
strada
  • #100
  • Edited 1:45am Jul 6, 2012 1:44am | Edited 1:45am
Looks like we got a valid long trade. Lets see how it turns out.

Entry @ 1.2383
Stop Loss @1.2378
Take Profit @ 1.2398
Attached Image (click to enlarge)
Click to Enlarge Name: July5 Frankfurt.png Size: 211 KB
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