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1minute 1 trade

  • #1,781
  • Sep 22, 2012 11:22am Sep 22, 2012 11:22am
Quoting strada
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
Yes it does. That is one of our original Paulus guidelines.
Honest Bill
  • #1,782
  • Sep 23, 2012 7:59am Sep 23, 2012 7:59am
Quoting mannai70
just wondering if you guys use market orders or limit orders?
For me, market with emergency stop loss of 8 set. Then have ticket open at the ready to close at actual sl or tp.
Honest Bill
  • #1,783
  • Sep 23, 2012 6:15pm Sep 23, 2012 6:15pm
This EA has been around since June, 2012. Have you updated it. Did it perform the way you expected it to. It appears to be a real EA that executes Buy and Sell orders. Am I correct.
Thanks,

Quoting EllisEdi
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...
  • #1,784
  • Sep 23, 2012 8:25pm Sep 23, 2012 8:25pm
Quoting FranksBiz
This EA has been around since June, 2012. Have you updated it. Did it perform the way you expected it to. It appears to be a real EA that executes Buy and Sell orders. Am I correct.
Thanks,
Hey Frank..

Don't want to be a party pooper but if you are going to use this EA please give it a seriously thorough work out as I feel an EA wouldn't be of much benefit with this system as I think you have to be quick on your feet with this system, altering stop losses all the time as 1 stop you could make a really tight stop with higher R:R then 10mins later you'll need a little wider stop.. also with experience you may be able to filter out the best trades to take giving you the higher returns rather than taking every trade the EA throws up..

Try to be at the screen when you trade this system...at the end of the day the most you might only have to do is 1-2hours work for the day and get any where from 5-30% return for the day..Not sure about your schedule but I think it's worth spending that little time at the screen for those serious returns

Cheers,
Adrian
  • #1,785
  • Sep 23, 2012 9:27pm Sep 23, 2012 9:27pm
You warned me about an EA here once before. Thanks for Jetting to my rescue again. It’s good to feel people like you help us traders in many ways. It’s good we help each other. I trade successfully with 1minute 1 trade. The problem is I am in New York. Getting up at 2:30 am EST to trade is difficult while I also have a full time job. I can only trade once or twice a week now. When I stop working, in a month or two, I will be able to burn the midnight oil and trade daily. Sometimes we, (especially me at times) reach for something that not only is out of our reach, but also nonexistent. I’m sure it’s smarter to keep doing it the way I do and stop looking for rainbows. Thank you so much.

Frank
Quoting Ramjet
Hey Frank..

Don't want to be a party pooper but if you are going to use this EA please give it a seriously thorough work out as I feel an EA wouldn't be of much benefit with this system as I think you have to be quick on your feet with this system, altering stop losses all the time as 1 stop you could make a really tight stop with higher R:R then 10mins later you'll need a little wider stop.. also with experience you may be able to filter out the best trades to take giving you the higher returns rather than taking every trade the EA throws up.....
  • #1,786
  • Sep 23, 2012 9:42pm Sep 23, 2012 9:42pm
Quoting FranksBiz
The problem is I am in New York. Getting up at 2:30 am EST to trade is difficult while I also have a full time job. I can only trade once or twice a week now. When I stop working, in a month or two, I will be able to burn the midnight oil and trade daily.
Hey Frank..

Yes, I can understand your frustration..
I have the same problem as I try to catch NY closes for my other method but I'm a hopeless case in the mornings lol

Your doing a great job and having success which is great!, keep up the good work your doing and I'm sure you'll be grinning big time 6-12months from now saying "who needs an EA, I'm da Guru!"

Cheers,
Adrian
  • #1,787
  • Edited 3:22am Sep 24, 2012 2:42am | Edited 3:22am
Hi today 1 am open to 3 am open is the same price 1.2944 so neutral bias.
but price hit upper band so only looking for buy.....
enter in buy 1.2963
Edit : loss
  • #1,788
  • Sep 24, 2012 3:14am Sep 24, 2012 3:14am
Attached Image (click to enlarge)
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Honest Bill
  • #1,789
  • Edited 4:13am Sep 24, 2012 4:02am | Edited 4:13am
Bias at 7am was up but only marginally and likewise at 8am.
Although Lo was broken after IFO news at 9am it returned back into the range within 3/4 bars so used the long signal on original bias (wouldn't have been surprised to see decent retrace as the down move after news missed large chunks of price prints ie Gaps). Trade did get to +4.4 pips net so if I had been trading it, may have considered exit at BE. Did the first 2 trades.
Attached Image (click to enlarge)
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  • #1,790
  • Sep 24, 2012 1:02pm Sep 24, 2012 1:02pm
I'll say "I'm da Guru," if you say you're "da Bomb." LOL.

Frank

Quoting Ramjet
Hey Frank..

Yes, I can understand your frustration..
I have the same problem as I try to catch NY closes for my other method but I'm a hopeless case in the mornings lol

Your doing a great job and having success which is great!, keep up the good work your doing and I'm sure you'll be grinning big time 6-12months from now saying "who needs an EA, I'm da Guru!"

Cheers,
Adrian
  • #1,791
  • Edited 1:53am Sep 25, 2012 1:22am | Edited 1:53am
First trade No bias - First signal:

(7:00AM) Buy @1.2900, SL 1.2895 TP 1.2910

LOSS (well, i saved it moving the sl to the initial bet)


edit:

First Trade BIAS:

(07:37) SELL @1.2903, SL 1.2909 TP 1.2886

LOSS
  • #1,792
  • Edited 2:39am Sep 25, 2012 2:06am | Edited 2:39am
Today bias is down so looking for sell.

edit: enter 2909 SL 2915 TP 2891

Loss.
  • #1,793
  • Sep 25, 2012 4:38am Sep 25, 2012 4:38am
7am NB signalled 6.59 ; entry 7.03 when price came back through the signal close price.
7am Bias, made it to +3.5 then stopped out.
8am NB signalled 8.12, entered 8.14. (signal at 7.59 considered but stox a bit further back and when price returned to signal price after quite deep reversal didn't use it).
8am Bias, change of bias after break of Hi. Long Signal 9.04 am, entry 9.07am.
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  • #1,794
  • Sep 25, 2012 11:28am Sep 25, 2012 11:28am
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Honest Bill
  • #1,795
  • Sep 25, 2012 7:30pm Sep 25, 2012 7:30pm
Hi Strada,

Just curious, on the 8.12 no bias trade what SL did you use ?

I am using 4 pips as generic stop for these trades.
Money grows on the tree of persistence
  • #1,796
  • Sep 25, 2012 11:02pm Sep 25, 2012 11:02pm
Trading using the tight stops and looking to enter at the closing price of the signal bar, I'm going to assume most of you use market orders.
One thing I can't seem to wrap my head around is when the signal bar closes I know that some of you wait to enter at the closing price but when price goes the opposite way you'll look for price to come back.

What I'm wondering is what do you guys do when price shoots into the direction of the signal without looking back, do you just click the market order and a get a entry a little ways away?
  • #1,797
  • Sep 26, 2012 1:26am Sep 26, 2012 1:26am
Ozmacca, the TP was 6.6; SL was 2.2 (+spread)

Mannai, sometimes price does 'shoot off' from the signal and this requires some quick finger response, it may cost a little bit but very often that can be recouped at exit so the TP amount is maintained, alternatively it will cost you a bit extra at SL unless the SL distance is retained in relation to the entry price.

There are times when price will move so far away that entry is missed altogether, and unless price comes back to the signal price it's a trade missed. On this note if price reaches target or close and then comes back to the signal price I wouldn't then consider entry.

This unfortunately is the cost of this part of my trading strategy, it doesn't have to be used, up to every individual. All I will say is that it saves alot of unnecessary losses. Take a look at Bill's chart above, 2 of the 3 signals had immediate reversals and this isn't unusual.

Honest Bill, on your chart yesterday on your 2nd trade you mentioned 'bias slightly up', did you mean at London open, think everyone else had bias down for 8am.

7am No Bias stopped out.
strada.
  • #1,798
  • Sep 26, 2012 1:52am Sep 26, 2012 1:52am
Quoting strada
.....

Honest Bill, on your chart yesterday on your 2nd trade you mentioned 'bias slightly up', did you mean at London open, think everyone else had bias down for 8am.
...
Frankfurt open, definitely down.
London open slightly up, almost flat.

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Honest Bill
  • #1,799
  • Sep 26, 2012 3:35am Sep 26, 2012 3:35am
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Honest Bill
  • #1,800
  • Sep 26, 2012 3:37am Sep 26, 2012 3:37am
Morning Bill, understood, you're using 1 hour pre-London rather than 2, think Fame-of-me used that criteria and seemed to work well for him.
thanks, strada.
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