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1minute 1 trade

  • #1,801
  • Sep 26, 2012 4:17am Sep 26, 2012 4:17am
Quoting strada
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.
Yes, I thought the strategy had settled on that. But, I am doing the same as you trading regardless of Bias. So, I guess it does not matter.
Are you just recording the Bias for your spreadsheets results comparison?
Honest Bill
  • #1,802
  • Sep 26, 2012 4:54am Sep 26, 2012 4:54am
Quoting Honest Bill
Yes, I thought the strategy had settled on that. But, I am doing the same as you trading regardless of Bias. So, I guess it does not matter.
Are you just recording the Bias for your spreadsheets results comparison?
Hi Bill, recording all 4 trades to keep track of all the combos, currently trading the first 2 after 7am.
For 8am I'm still using Paulus original setting for this including 2 hour bias and 1 hour bias for the 7am start.
All the best, strada.
  • #1,803
  • Sep 27, 2012 2:30am Sep 27, 2012 2:30am
8am trade went to +4.5 so could have considered exit at BE.
Attached Image (click to enlarge)
Click to Enlarge Name: 2m 2t eu 09-27.gif Size: 53 KB
  • #1,804
  • Sep 27, 2012 2:41am Sep 27, 2012 2:41am
Hello all,

If anyone could provide some insight into the following that would be great.

Considering the fact that this strategy is on the 1 min chart with very tight SL's and the reliance on very fast order execution with little to no slippage after the order is put in, I was wondering if anyone could recommend a broker.

I would use the broker I use for my intra-day trading but the commissions would no doubt eat away at the profit of this strategy and take away the benefit of the RR. I have been reading on some spread-betting brokers such as Capital Spreads but am skeptical since I have read that since they are market makers your order executions begin to slow down once your deals exceed a couple ₤/pip

Any insight would be greatly appreciated.

Thanks.

Nice trades today Strada,
How far do you let a trade travel before you consider a possible exit at BE?

Thanks
  • #1,805
  • Sep 27, 2012 2:48am Sep 27, 2012 2:48am
Quoting mannai70
Hello all,

If anyone could provide some insight into the following that would be great.

Considering the fact that this strategy is on the 1 min chart with very tight SL's and the reliance on very fast order execution with little to no slippage after the order is put in, I was wondering if anyone could recommend a broker.

I would use the broker I use for my intra-day trading but the commissions would no doubt eat away at the profit of this strategy and take away the benefit of the RR. I have been reading on some spread-betting brokers such...
Hey Mannai70..

Only from my experience I have used Capital Spreads for a few years now and they have always been brilliant and of the only 2 discrepancies I had in those years they replaced my money and corrected the issue with no hassles..quick execution and very reliable

Cheers,
Adrian
  • #1,806
  • Sep 27, 2012 3:48am Sep 27, 2012 3:48am
Hi Mannai, exiting at BE isn't a straightforward decision as it depends largely on current/recent PA, ie is price bouncing off a recent barrier or creating new double/triple top/bottoms etc or if news imminent, etc. Also, if an earlier trade has made profit the decision then is do you preserve the profit you have or rsik a potential further profit or loss and let the trade ride to a conclusion. Personally I veer towards consolidation/protection.

Re the SB's I can't imagine CS or 1G or C1ty or any of the big firms would slow you down at a couple of ££'s per pip, a couple of hundred maybe but only if you were placing trades of this size regularly and seldom losing, you'd certainly get flagged up then. They wouldn't stop you from trading but likely put you on dealer referral so they can cover, which in a hugely liquid market like EU might not cause much delay at all. The other thing SB's don't like are short term trades as again it doesn't always give them time to cover if they want to. What they won't tolerate is outright scalping especially if being done in large numbers, I don't think we fall into that category.
If you stick with the large companies they will have much higher limits before any intervention sets in. The other thing to consider is that CS have several white label companies, mostly using the same platform style and pricing, (it's all done by CS), so you could open up accounts with them as well as CS and split your trades between them, I do it regularly using 2 of them and it works well. Helps if you have a mouse for each hand, you don't need to be ambidextrous, just make sure your clicking both at the same time. One advantage CS has over the others is when you place a trade your order box reappears immediately so you're set for any quick actions, and with this that is essential sometimes.
strada.
  • #1,807
  • Sep 27, 2012 4:01am Sep 27, 2012 4:01am
Quoting strada
Hi Mannai, exiting at BE isn't a straightforward decision as it depends largely on current/recent PA, ie is price bouncing off a recent barrier or creating new double/triple top/bottoms etc or if news imminent, etc. Also, if an earlier trade has made profit the decision then is do you preserve the profit you have or rsik a potential further profit or loss and let the trade ride to a conclusion. Personally I veer towards consolidation/protection.

Re the SB's I can't imagine CS or 1G or C1ty or any of the big firms would slow you down at a couple...
Hey Strada..

Thanks so much for your in depth explanations..as usual!

Cheers,
Adrian
  • #1,808
  • Sep 27, 2012 9:48am Sep 27, 2012 9:48am
Attached Image (click to enlarge)
Click to Enlarge Name: PSig_2012-09-27_1541.png Size: 66 KB
Honest Bill
  • #1,809
  • Sep 27, 2012 10:53am Sep 27, 2012 10:53am
Quoting mannai70
Hello all,

If anyone could provide some insight into the following that would be great.

Considering the fact that this strategy is on the 1 min chart with very tight SL's and the reliance on very fast order execution with little to no slippage after the order is put in, I was wondering if anyone could recommend a broker.

I would use the broker I use for my intra-day trading but the commissions would no doubt eat away at the profit of this strategy and take away the benefit of the RR. I have been reading on some spread-betting brokers such...
Mannai,

IG spread on EU is normally 0.8. I have been using them for 5 years now without issue. I have traded up to €20/per pip with them.

I have also tested pending orders too of greater than €400. Somewhere above that it told me "Waiting for dealer desk", but then got accepted quickly enough. Those orders got deleted by me just as quick though
Honest Bill
  • #1,810
  • Edited 9:02pm Sep 27, 2012 8:39pm | Edited 9:02pm
Fantastic thread! Thanks to Paulus and Lana and Bill and Strada and others pushing and testing and tweaking this idea.

I have read the whole thing and backtested and forward tested and settled on a set of rules based on Paulus and Strada.

I ignore the bias and take the 1st 2 signals according the rules (MACD and STOCH) after the 7am candle close on the 5m chart. I use no bias because I cannot see bias doing anything as just as frequently as it moves in the direction of the bias it can also bounce back. I use the 5m chart because I have large spreads of 2-3p and find both the MACD and STOCH perform better with a little noise removed. I add in the longer STOCH from Strada (although the signal line only needs to be above or below 50) and I also add the Fast Stoch. So if MACD signals with reduction in histogram (ie dark green to green or dark red to red) AND ALL 3 STOCHS agree, then I watch PA and if it moves a little in my direction I enter using normal SL and TP rules.

Anyway love all the work and hope to contribute to this thread from now on.

Trades from yesterday:
https://lh3.googleusercontent.com/-x...0928-5m-EU.jpg
https://picasaweb.google.com/lh/phot...eat=directlink

1st trade taken at +50minutes (0750hrs) with SL of 10p and TP of 35p. TP hit at +3hrs 20mins (1020hrs)
2nd trade taken at +5hrs 50minutes (1250hrs) with SL of 10p and it reached TP1 of equal to SL so SL moved to BE. BE reached at 1320hrs)

+15% for the day.

btw I am in Brisbane Australia which is why the times on my charts are different.
Winners add to winning trades!
  • #1,811
  • Sep 28, 2012 3:51am Sep 28, 2012 3:51am
I've been changing (or bending) the rules on a daily basis. Account is down 50% in just one week. I'll have to re-access, tighten up the rules or time to throw in the towel on this one.
Ignore the "LONG ONLY" label in chart.
Attached Image (click to enlarge)
Click to Enlarge Name: PSig_2012-09-28_0938.png Size: 97 KB
Honest Bill
  • #1,812
  • Edited 8:40am Sep 28, 2012 7:06am | Edited 8:40am
7am No Bias signal 7.04 entry 7.10 (missed entry 7.08, price bolted through).
7am bias down, changed to long then broke through bias LO but only very briefly so used long signal at 8.02.
8am Bias initially down, Hi broken but only very briefly so used initial bias signal 8.42am

Full results on all trades for week on spreadsheet, link below.
Attached Image (click to enlarge)
Click to Enlarge Name: 2m 2t eu 09-28.gif Size: 56 KB
Attached File(s)
File Type: xls 2M2T SS 2012-09-28 (4weeks).xls   103 KB | 324 downloads
  • #1,813
  • Sep 28, 2012 8:54am Sep 28, 2012 8:54am
Marshalmax -

Will you please simplify these into a bullet format or something? I'm trying to learn and I need it as simple as possible. Thanks for all your work on this strategy. I started reading the whole thread myself. I'm on page 20 and my scroll wheel on my mouse has started fighting me back...


Quote
I ignore the bias and take the 1st 2 signals according the rules (MACD and STOCH) after the 7am candle close on the 5m chart. I use no bias because I cannot see bias doing anything as just as frequently as it moves in the direction of the bias it can also bounce back. I use the 5m chart because I have large spreads of 2-3p and find both the MACD and STOCH perform better with a little noise removed. I add in the longer STOCH from Strada (although the signal line only needs to be above or below 50) and I also add the Fast Stoch. So if MACD signals...


Stay Up.
-_____
  • #1,814
  • Sep 28, 2012 4:23pm Sep 28, 2012 4:23pm
Quoting strada
7am No Bias signal 7.04 entry 7.10 (missed entry 7.08, price bolted through).
7am bias down, changed to long then broke through bias LO but only very briefly so used long signal at 8.02.
8am Bias initially down, Hi broken but only very briefly so used initial bias signal 8.42am

Full results on all trades for week on spreadsheet, link below.
Thanks Strada!
  • #1,815
  • Sep 28, 2012 4:40pm Sep 28, 2012 4:40pm
hi all,
i'm reading the whole thread, i'm at post #242...
could someone tel me, if the rules has changed from the beginning?
thank's to all!!
  • #1,816
  • Sep 30, 2012 11:31pm Sep 30, 2012 11:31pm
Quoting strada
7am No Bias signal 7.04 entry 7.10 (missed entry 7.08, price bolted through).
7am bias down, changed to long then broke through bias LO but only very briefly so used long signal at 8.02.
8am Bias initially down, Hi broken but only very briefly so used initial bias signal 8.42am

Full results on all trades for week on spreadsheet, link below.
hi Strada

in the first trade price went bellow the last bottom. What was your stop?


Thanks in advance.
  • #1,817
  • Oct 1, 2012 1:53am Oct 1, 2012 1:53am
Quoting dnabrasil
hi all,
i'm reading the whole thread, i'm at post #242...
could someone tel me, if the rules has changed from the beginning?
thank's to all!!
Rules are still the same really. But, some have varied the rules. Stick with the original until you are familiar with it.
Honest Bill
  • #1,818
  • Oct 1, 2012 9:32am Oct 1, 2012 9:32am
Attached Image (click to enlarge)
Click to Enlarge Name: PS_2012-10-01.png Size: 77 KB
Honest Bill
  • #1,819
  • Oct 2, 2012 4:34am Oct 2, 2012 4:34am
Attached Image (click to enlarge)
Click to Enlarge Name: PS_2012-10-02_1026.png Size: 102 KB
Honest Bill
  • #1,820
  • Oct 3, 2012 12:07pm Oct 3, 2012 12:07pm
Attached Image (click to enlarge)
Click to Enlarge Name: PS_2012-10-03_1758.png Size: 110 KB
Honest Bill
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