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1minute 1 trade

  • #1,761
  • Sep 20, 2012 3:26am Sep 20, 2012 3:26am
Quoting strada
Couple of todays signals had Hi/Lo's too wide for me so used 2/6 rather than miss trades.
Hi strada,

Thank you for sharing your chart.
but one question why you not take a trade at 8.25 am which shows a valid signal with bias?

another question. for your 7 am trade you take last one hour bias or last two hours?
  • #1,762
  • Sep 20, 2012 4:20am Sep 20, 2012 4:20am
Quoting umpats
Hi strada,

Thank you for sharing your chart.
but one question why you not take a trade at 8.25 am which shows a valid signal with bias?

another question. for your 7 am trade you take last one hour bias or last two hours?
Hi Umpats, I think you mean 8.35, if so then I didn't use it because there was no price improvement, price reversed away from signal. I use my trading platform prices for determining entry etc., not MT4.
On the 7am trades, I do use the 5.59 close to 6.59 close for bias.
cheers, strada.
  • #1,763
  • Sep 20, 2012 8:01am Sep 20, 2012 8:01am
I really appreciate your help.

Keep Jetting.


Quoting Ramjet
Hi ya Frank ..

That sounds a bit off with the settings of some sort, it should like the chart in this picture...I'm not sure if your MT4 is corrupted and maybe a reinstall may help..if you want to put up a screen shot maybe I could see something of what could be wrong..

Sorry, I didn't realize you were expecting an EA..this isn't an EA as I'm not sure if an EA would work very well with this system as we are trading with tight stops with quick in and outs of the trades and I think a human would have to interact with this sytem for the best...
  • #1,764
  • Sep 20, 2012 8:39am Sep 20, 2012 8:39am
Quoting FranksBiz
I really appreciate your help.

Keep Jetting.
lol, no probs Frank, glad I could help!
  • #1,765
  • Sep 20, 2012 10:18pm Sep 20, 2012 10:18pm
Quoting strada
Hi Umpats, I think you mean 8.35, if so then I didn't use it because there was no price improvement, price reversed away from signal. I use my trading platform prices for determining entry etc., not MT4.
On the 7am trades, I do use the 5.59 close to 6.59 close for bias.
cheers, strada.

thanks strada.
  • #1,766
  • Sep 21, 2012 2:16am Sep 21, 2012 2:16am
can anyone help me , what is today's bias? i am confuse...
  • #1,767
  • Edited 3:41am Sep 21, 2012 2:32am | Edited 3:41am
7am bias up; 8am bias down.
Results for last 4 weeks on spreadsheet. (figures in blue/red are running totals of Wins/losses from 14th May; Acc. same period) )
Attached Image (click to enlarge)
Click to Enlarge Name: 2m 2t eu 09-21.gif Size: 55 KB
Attached File(s)
File Type: xls 2M2T SS 2012-09-24 (4weeks).xls   108 KB | 433 downloads
  • #1,768
  • Sep 21, 2012 2:35am Sep 21, 2012 2:35am
Quoting strada
7am bias up; 8am bias down.
thanks strada.
  • #1,769
  • Sep 21, 2012 3:59am Sep 21, 2012 3:59am
Attached Image (click to enlarge)
Click to Enlarge Name: PSig2012-09-21_0950.png Size: 80 KB
Honest Bill
  • #1,770
  • Sep 21, 2012 4:30am Sep 21, 2012 4:30am
Hi Strada,
On my MT4 and spreadbetting platform, the price did not drive straight through my 2nd, 3rd or 4th signals, therefore I took the trades. Your chart shows the same. I'm scratching my head as to why you didn't take them? Same for my last trade.
Trades were taken after signal bar closed with SL near the arrow.

Analysis would be appreciated.
Honest Bill
  • #1,771
  • Edited 4:58am Sep 21, 2012 4:39am | Edited 4:58am
Quoting Honest Bill
Hi Strada,
On my MT4 and spreadbetting platform, the price did not drive straight through my 2nd, 3rd or 4th signals, therefore I took the trades. Your chart shows the same. I'm scratching my head as to why you didn't take them? Same for my last trade.
Trades were taken after signal bar closed with SL near the arrow.

Analysis would be appreciated.
Hello Bill, I took the 2 signals as per the chart above. 1st signal was the 7am Bias (& No Bias) so next signal after 8am. Not sure what you mean about the other trades.
strada.
  • #1,772
  • Sep 21, 2012 7:52am Sep 21, 2012 7:52am
just wondering if you guys use market orders or limit orders?
  • #1,773
  • Sep 21, 2012 11:52am Sep 21, 2012 11:52am
Quoting strada
Hello Bill, I took the 2 signals as per the chart above. 1st signal was the 7am Bias (& No Bias) so next signal after 8am. Not sure what you mean about the other trades.
strada.
Hi Strada,
In your post, #1760, you took 4 trades regardless of bias. ( I think)
Then today, in my post, #1769, there are several such signals, that I took, but you didn't and I'm trying to figure out why? (Granted, I missed the 7am entry)

There is probably something simple that I am overlooking. Your help is appreciated. Perhaps, you could analyse my chart and comment.
Attached Image (click to enlarge)
Click to Enlarge Name: PSig2012-09-21_0950.png Size: 80 KB
Honest Bill
  • #1,774
  • Sep 21, 2012 12:55pm Sep 21, 2012 12:55pm
Quoting Honest Bill
Hi Strada,
In your post, #1760, you took 4 trades regardless of bias. ( I think)
Then today, in my post, #1769, there are several such signals, that I took, but you didn't and I'm trying to figure out why? (Granted, I missed the 7am entry)

There is probably something simple that I am overlooking. Your help is appreciated. Perhaps, you could analyse my chart and comment.
Attachment
Hi Bill, I've been trading 2 a day for several weeks now and more recently I've been doing the first 2 of the day, if you check some of my previous posts you'll see this quoted often enough. The charts I've been posting of late are done to illustrate the 4 daily trades, ie 7am Bias & No Bias; 8am Bias & No Bias, but I'm not taking all these trades personally, as I say I do the first 2 that are signalled after 7am. As you'll know the 2m2t spreadsheet is all about the various combinations of 2 trades and how they perform so well compared to 1m1t. Hope this clarifies.

With regard to your chart and today's trades, the 7am Bias trade (which as it was the 1st trade after 7am it was also the No Bias) was signalled on the 7am bar. That was it for 7am. Next trades were going to be after 8am and as it happens the 8am Bias trade was again the No Bias. For me these were the only valid trades today, both were done and both made profit.

The trades you took after 7am were signalled but in terms of 2m2t I wouldn't have considered them as valid trades. No problem if you want to do the additional trades, personal choice, but you'll have to do some testing to see how profitable that will be.

Your first trade was stopped out, no other way to play that one.
2nd trade I wouldn't have entered as going by the chart there was an immediate reversal against the signal and didn't return for some time so no entry there.
3rd & 4th trades were stopped out like the 1st one.
5th trade was in fact the 8am Bias & No Bias trade and made profit.
Last trade again like 1,3 &4.

Bill, why don't you take another look at doing 2 trades, it works well and alot less stressful than doing what you did today, and a lot more profitable. I f you want the updated spreadsheet just let me know I've got your email address, I'll get it over to you.

All the best, strada.
  • #1,775
  • Sep 21, 2012 9:03pm Sep 21, 2012 9:03pm
Strada

if you wait to enter the trade after it goes in the signal direction then you have more pips (or fractions) against you. If for example you wait to enter the trade after 1,5 pips, then your stops is 0,5 pips from the close of the signal bar. That is correct? I am afraid this will not work... at least for me. Problably even the fact i am in Brasil (and there is not Forex brokers here) will afect my entries a lot since i need 1 or 0,5 pips to be successfull. Do you agree with it?
  • #1,776
  • Sep 21, 2012 11:48pm Sep 21, 2012 11:48pm
Quoting strada
Hi Bill, I've been trading 2 a day for several weeks now and more recently I've been doing the first 2 of the day, if you check some of my previous posts you'll see this quoted often enough. The charts I've been posting of late are done to illustrate the 4 daily trades, ie 7am Bias & No Bias; 8am Bias & No Bias, but I'm not taking all these trades personally, as I say I do the first 2 that are signalled after 7am. As you'll know the 2m2t spreadsheet is all about the various combinations of 2 trades and how they perform so well compared to 1m1t....
Hey Strada, Honest Bill..

Awwwwesomeness!!.thanks so much for these posts..they speak volumes on breaking down, clarifying and using this system!!

Cheers,
Adrian
  • #1,777
  • Sep 22, 2012 4:15am Sep 22, 2012 4:15am
Quoting giraia_br
Strada

if you wait to enter the trade after it goes in the signal direction then you have more pips (or fractions) against you. If for example you wait to enter the trade after 1,5 pips, then your stops is 0,5 pips from the close of the signal bar. That is correct? I am afraid this will not work... at least for me. Problably even the fact i am in Brasil (and there is not Forex brokers here) will afect my entries a lot since i need 1 or 0,5 pips to be successfull. Do you agree with it?
Hi GB, In thosa instances I wait for price to return to the signal close and a small improvement but not as much as 1.5 pips. Up to 0.5 pip MAX is all that is required and quite often when this situation arises price will be bouncing around in which case you get the slight improvement and price can jump back to the actual price or even behind again, in which case I'll enter anywhere in that area, and very often at the original signal price.
Understand your concern about the reduced gap. If I enter at say signal price plus 0.5pip then I'll still keep the SL where it was intended to be. This means my SL has increased by 0.5 pip which means some extra exposure above the norm, that I just put down to an unexpected business expense.
Over the period I've been trading this I would say that the savings from not entering non-performing trades far outweighs the odd occasion when I get stopped out with the extra half pip. So for me it is a business expense well worth paying.
Not that I've done it but it might be worth looking at the number of trades that do reverse initially and compare the number of those which then return to signal price and entered for loss or profit with those that never return and would be an outright loss. If I get some time I'll take a look at that.
What do you think, strada.
  • #1,778
  • Sep 22, 2012 5:20am Sep 22, 2012 5:20am
Quoting Ramjet
Hey Strada, Honest Bill..

Awwwwesomeness!!.thanks so much for these posts..they speak volumes on breaking down, clarifying and using this system!!

Cheers,
Adrian
Compliments to Strada. I'm still trying to get my head around it.

Quoting strada
Hi Bill, I've been trading 2 a day ...........
Bill, why don't you take another look at doing 2 trades, it works well and alot less stressful than doing what you did today, and a lot more profitable. I f you want the updated spreadsheet just let me know I've got your email address, I'll get it over to you.

All the best, strada.
Thanks again, Strada.
Just shows how two different traders with the same chart can have completely different results. I took way too many trades in the chart. Like I said, I got trigger happy. In fact I had been so cautious up to that that I had hardly taken any in the previous weeks. I'll settle back in and keep posting the results.

I got the spreadsheet a few posts back, thanks. From the previous time we had chatted, it looked like 7am with bias and 8am without bias gave best results. While still close, 7am + 8am NB has taken the lead.

One question, are you still observing the rule if the h/l of the hour prior to open is broken we then only look to trade in that direction?
e.g. 6am-7am bias is up, we look for longs, but then 6am-7am low broken, we look for shorts?
Honest Bill
  • #1,779
  • Sep 22, 2012 6:45am Sep 22, 2012 6:45am
Quoting Honest Bill
One question, are you still observing the rule if the h/l of the hour prior to open is broken we then only look to trade in that direction?
e.g. 6am-7am bias is up, we look for longs, but then 6am-7am low broken, we look for shorts?
More or less, yes and no!! If the hi/lo is broken but price comes back into the bias range fairly quickly then I'll stick with the original bias direction. If there is a signal immediately after the break and in the new direction then I'll probably use it. Does that make sense?
strada
  • #1,780
  • Sep 22, 2012 10:58am Sep 22, 2012 10:58am
Quoting strada
What do you think, strada.
I am afraid that only testing with real money i will be able to have a final conclusion about it

Thanks for asnwering again.
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