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1minute 1 trade

  • #1,441
  • Jul 26, 2012 8:57pm Jul 26, 2012 8:57pm
He guys Frankfurt open to london open is only 1 hr difference.
can anybody guide me why we talk 2 hr. even Mr. paulus talk about euro open to uk open.

If Mr. Paulus clear this confusion then appreciate.
  • #1,442
  • Jul 26, 2012 9:27pm Jul 26, 2012 9:27pm
Quoting Paulus
MACD

Fast 5
Slow 34

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

P

From the above clarification from Paulus i think it is 2 hour....
  • #1,443
  • Jul 27, 2012 2:28am Jul 27, 2012 2:28am
Long 1.2294.......SL hit
  • #1,444
  • Jul 27, 2012 2:35am Jul 27, 2012 2:35am
Without altering the basic strategy I think today's signal is also a lost trade on EUR/USD I did not take it though because I woke late. LOL, I would have entered at 1.2292 (the red vertical line) and I must have been stopped out by now
Attached Image
  • #1,445
  • Jul 27, 2012 2:38am Jul 27, 2012 2:38am
with p. rules today is a looser
  • #1,446
  • Edited 3:02am Jul 27, 2012 2:51am | Edited 3:02am
Disclaimer:
Please note this code is provided "as is" and comes with NO WARRANTY. In using this software you accept the risk that it may be wrong. If you lose money sizing position with the code I accept no responsibility. I strongly advice you to test it before using it and test it again.

The un-fun part out of the way....

Inserted Code
tradeCalc <- function(ep, sl, rc=2000, risk=c(0.05, 0.03, 0.015, 0.01), reward=3) {
# ep : entry price
# sl : stop loss
# rc : risk capital (account balance or part there-of)
# risk : the risk level (or levels) you want to consider (percentage as a decimal value e.g. 5% = 0.05).
# reward : the reward multiplier.

    pipRisk <- abs(ep - sl) * 10000
    dollarRisk <- rc * risk
    dpRisk <- dollarRisk / pipRisk
    lotSize <- dpRisk / 10
    
    structure (
        list(ep=ep, 
             sl=sl, 
             tp=ep + abs(ep - sl) * reward * ifelse(ep<=sl, -1, 1),
             lotSize=dpRisk / 10, dollarRisk=dollarRisk, risk=risk
        ),
        class="tradeCalc"
    )
}


print.tradeCalc <- function(x,...) {
    cat(  "Entry:  ", sprintf("%3.5f", x$ep), 
        "nStop:   ", sprintf("%3.5f", x$sl), 
        " (" , sprintf("%3.1f", abs(x$ep - x$sl) * 10000), " pips)",
        "nTarget: ", sprintf("%3.5f", x$tp), 
        " (" , sprintf("%3.1f", abs(x$ep - x$tp) * 10000), " pips)",
        "nLot size by risk level:n", sep="")

    labels <- "t"
    values <- "t"

    for (i in 1:length(x$risk)) {
        labels <- sprintf("%s %5.2f%%", labels, x$risk[i] * 100)
        values <- sprintf("%s %5.2f ", values, x$lotSize[i])
    }
    cat(labels, 'n', values, 'n', sep='')
}

Hi folks,

I know there is a bunch of tools out there to do this already but I knocked this out in last couple of minutes. R is a great free statistical analysis platform that is used in everything from astrophysics to social sciences - and finance.

You can download R from CRAN (http://cran.r-project.org/).
I nicer interface than a rustic RGui is RStudio available from here (http://rstudio.org/)

Once you've installed R or RStudio you can copy and paste the above code snippet into the console and call it like this:

Inserted Code
# long example
tradeCalc(1.2510, 1.2505)

# short example
tradeCalc(1.2510, 1.2515)

# an example with extra arguments... and today's signal
tradeCalc(1.22953, 1.22891, 2000, 0.03)

The output for the last example above....

Inserted Code
Entry:  1.22953
Stop:   1.22891 (6.2 pips)
Target: 1.23139 (18.6 pips)
Lot size by risk level:
          3.00%
          0.97

EDIT: If you find it useful let me know and if want to suggest some change please do so.

Looks like it didn't work today ... next!
The price action was against us today ... see then pin bar on the M30.
Attached Image (click to enlarge)
Click to Enlarge Name: 1m1t_eurusd_m30pb_20120726.jpg Size: 73 KB
Attached File(s)
File Type: zip 1m1t.R.zip   < 1 KB | 474 downloads
  • #1,447
  • Jul 27, 2012 3:01am Jul 27, 2012 3:01am
Quoting Fame of me
with p. rules today is a looser
We must be ready to give the market something when it demand it from us such that we will get back from the market what we want too. Its a rule of give and take. The lovely thing about this is that its just a trade per day
  • #1,448
  • Jul 27, 2012 3:06am Jul 27, 2012 3:06am
Quoting Fame of me
with p. rules today is a looser
and with yours?
I never lose - either I win or I learn...
  • #1,449
  • Jul 27, 2012 3:33am Jul 27, 2012 3:33am
Quoting jdva
and with yours?
May be with her's its a winner. U are funny, why did u asked?
  • #1,450
  • Jul 27, 2012 4:11am Jul 27, 2012 4:11am
Hi Paulus and all,

This is my first attempt at this strategy.
At the first vertical line I missed the long which would have been stopped out.
1. Would it have been a valid entry?

Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 24 KB

Then with the low broken, I went short (a bit late), so, 10 SL, TP set for +30. Almost hit, but still open.

The thread title suggests 1 trade only.
2. so had I been stopped out on the first one, should I then quit this strategy for the day instead of taking the later entry?


Comments, please.
Honest Bill
  • #1,451
  • Jul 27, 2012 4:20am Jul 27, 2012 4:20am
Quoting Honest Bill
Hi Paulus and all,

This is my first attempt at this strategy.
At the first vertical line I missed the long which would have been stopped out.
1. Would it have been a valid entry?

Attachment
Then with the low broken, I went short (a bit late), so, 10 SL, TP set for +30. Almost hit, but still open.

The thread title suggests 1 trade only.
2. so had I been stopped out on the first one, should I then quit this strategy for the day instead of taking the later entry?


Comments, please.
Correct entry, you used a 1hr pre-London bias which gave the same signal as Paulus' 2hr pre-London bias. You pays your money, takes your choice.

1 trade per day.
  • #1,452
  • Jul 27, 2012 4:39am Jul 27, 2012 4:39am
Quoting sepramfx
May be with her's its a winner. U are funny, why did u asked?
of course, probably, unnecessary question!
I never lose - either I win or I learn...
  • #1,453
  • Jul 27, 2012 11:21am Jul 27, 2012 11:21am
Quoting jdva
and with yours?
This system is not my king, i trade it just for fun 1 or 2 times a day.
No matter with which filter 2. stoch or ma50 - with both a winner today.

i stop to post in this thread someone was pissed that i talk over different ways to trade this system.

Best luck to all.
This is a nice little system standard or with one more filter.
standard you get a fast entry, with filter you have to wait longer but less looser.

Nice weekend
  • #1,454
  • Jul 27, 2012 11:25am Jul 27, 2012 11:25am
Hi all,

I modified the indicator posted in the thread by iwjw. Very nice coding !

It now:

  1. tallies the number of past winners and losers.
  2. draw stop loss and take profit lines.
  3. shows the breakdown of short and long trades.
  4. also shows the breakdown of winners and losers in each direction.


The entry price is calculated as the median price of the entry bar - so not the most precise method but sufficient for this pseudo back-test.

The text in the top left of the chart is:

Total: N Shorts: (NS, SW, SL) Longs: (NL, LW, LL)

Where:

  1. N is the total number of traders
  2. NS total number of shorts.
  3. SW number of shorts won.
  4. SL number of shorts lost.
  5. NL total number of longs.
  6. LW number of longs won.
  7. LL number of longs lost.


On my terminal it tallied the last 40 trades.
It took 21 shorts and 19 longs.
Won 5 shorts and lost 16
Won 7 longs and lost 12

12 Winners
28 Losers

So the using the 1:3 risk reward:

  1. Strike rate (based on this data) is 12/40 = 30%
  2. Expectancy is 12/40 * 3 - 28/40 * 1 = 36/40 - 28/40 = 8/40 = 1/5 = 0.2


So if the last 40 days are representative (probably not due to low volumes and a lot of choppy side ways movement) this method can make money in the long run (assuming my adjustments to the indicator are bug free). The later assumption being the massive caveat for this analysis.

If some can do someone do some testing that would be great. I'll check it out a little more tomorrow.

Coding to-do:

  1. make better SL options
  2. use symbol digits rather than hardcode.
  3. commenting etc.


Regards,

ninety47

Attached File(s)
File Type: mq4 p1m1t.mq4   15 KB | 598 downloads
  • #1,455
  • Jul 28, 2012 5:34pm Jul 28, 2012 5:34pm
Hi to Paulus, fame of me, the ea creator here , ... (we dont have any return from him by the way since weeks)

Well, i ve taken the time, as a forex searchor i am and also trade a 1M system with regular 50 pips a day profit, to real all from the begining and put in a file all the diffrents important details after 10 hours of reading all the day. I beleive all people serius would have to make the effort to do the same before waiting some answers to questions already mentioned (which make loose the time of the active member who already took much of their time for a free volunteer action there)


SOme comments.

The system is really nice for many reasons . and i am also a fan of edisson, even if he was probably more a leader of the project than the conceptor himself.
i would prefer however a 3% risk personnaly in the approach .

Questions to Paulus:

As an experiences member here mentioned, to take the first trade after the london session, may be better than to wait the draw of a trend for the 2 last hours.
So, why you choosen to take this trend, is it by feleing or have you experimented really the difference between a first trade without past trend and your actual tredn.

About the H1 system project , is it the same rules? Have yo utested it before or is it brand new?

Question for Fame of me (and for all):

First time i have the stoch in m5 11 3 3
But now i have the stoch in my m1 55 15 15

Lets try to make a 30 full trades day by day with this different ones to see the better


QUestion General

It looks like we could use this sytem, for 2 or 3 times a dayn and not only one. (including just after the NY session). It may be surprising good results and boost the account.

Do some poeple use that point in the EA for instance?

Question for the EA conceptor
Is it possible to develop the system for many hours runing up to the tokoy session for instance
And can you give us the result of such a backtest?

Improvement idea

I would expeirence it with a fixed stop aroud 12, and with different Ratio, including the R4

General question for all traders living in Germany (in addition) but please would be nice to have the answer

What is the tax in % you have to pay for the benefits you earn from the forex market? Including 2 options, the 1st is a secundary activite less than 500 euros by month lets say, in average, the 2nd is a principal activite

This question is very important for all traders, i guess. Countries legislation about the tax on the forex can be very different in %

In addition suggestion to meet real traders for the fun and information ... Could be nice -)

What about, just a real meeting for forex friendship" between experienced traders, and even newbies, all who have good results proven? Next month, i should publish a real small live account summary, with some of my personal technical, it would be nice to compare the maximum Drawdown with Paulus, the activate members here. If everythnig should be as i ve worked in since many time, i shold get a 30% monthy return or more but with a low DrawDown around 12. The low DrawDown is a beautifull challenge, even more exciting than the performance itself, at least for my reasonable sight.

Who live in Germany, and maybe Berlin from good traders experienced here?
I thought about Berlin a nice citie to live or to pass holidays. What plans may you suggest to spend the forex money into Berlin? ahah.


Cheers to paulus, and all
  • #1,456
  • Jul 28, 2012 6:10pm Jul 28, 2012 6:10pm
do you use the ism adr market" on your charts published when we see these 2 lines

or the "adr today" given by another menber?

fixed on the M5 and M1, im pretty sure we can find improvement for geting more pips, for the london session if the trend is well followed under and over as it is in some cases

cheers Paulus, you had a electric inspiration from above with your system in may 2012, im pretty sure ah ah !!
  • #1,457
  • Jul 29, 2012 6:38am Jul 29, 2012 6:38am
hi, it can help also many people i guess

i ve used the xemarkets brooker, as Paulus mentioned it , if i am not wrong (it has been fusioned with the old recently)

i ve london open at 7 am and frankfurt open at 5 an

the 2 hours difference are correct on this plateforme, but

is it the good time? if not, is it possible to make a change for one hour ahead or before?

about the europe phases" indicator metioned on one of the post, i cant have any clue about something

can some peple help?

on this plateform, we have this 2 hours difference, its great to know for the people who only have 1 hour on some others.
but, what time should we consider for the europe open ACCORDING to the clock of forexpeacearmy ? so we all can be fully agree!

cheers
  • #1,458
  • Jul 30, 2012 12:56am Jul 30, 2012 12:56am
Hi Paulus,

If we miss the first trade then can we try for another trade for the same day?

Thanks
  • #1,459
  • Jul 30, 2012 2:27am Jul 30, 2012 2:27am
I've just taken this one. Let's see how it works out.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-07-30_0824_Paulus_Strategy.png Size: 37 KB
Honest Bill
  • #1,460
  • Jul 30, 2012 2:35am Jul 30, 2012 2:35am
Quoting Honest Bill
I've just taken this one. Let's see how it works out.
Attachment

I am also in 1.2284
SL:1.2294
TP:1.2254

am i right?
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