Ronnierott's 1 Hour Strategy | Page 53 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 hour strategy (the nausbot - 4 hour trader) 25 replies

Why does 4 hour bar close 1 hour later than daily bar? 6 replies

average true range for 1 hour and 4 hour charts 2 replies

X-1102 1 hour , 4 hour and daily Tf trades 7 replies

Create a verticle line at certain hour for every certain hour 16 replies

Attachments: Ronnierott's 1 Hour Strategy
Exit Attachments

Ronnierott's 1 Hour Strategy

  • #1,041
  • Jul 22, 2013 5:05am Jul 22, 2013 5:05am
closed trade manually + 20
Attached Image (click to enlarge)
Click to Enlarge Name: ronnie2.png Size: 68 KB
  • #1,042
  • Jul 28, 2013 2:55pm Jul 28, 2013 2:55pm
Hi

Thanks for the reply. But why the TP and SL is amlost 1:1? Dont you think, with this, we have to be right more than 60% to make little profit?

The method looks impressive but 50 to 50 TP and SL, puts pressure to win most of the trades to be profitable.

What is your advise?

thanks
  • #1,043
  • Jul 31, 2013 7:56am Jul 31, 2013 7:56am
Hi,

Agree with you on the RR forexnubie. My understanding is that the set-up is giving you sufficient edge, i.e. identifying good trend. Nonetheless, I will demo trade and post set-ups here.

Ronnierott, if you are still around, I would be happy to hear your modifications to the system.

My trade so far for the week:
GBPJPY: +100 p
GBPUSD:+100 p
GBPUSD: BE, currently at +43 p

Will post the trades later.
  • #1,044
  • Aug 1, 2013 5:03am Aug 1, 2013 5:03am
Second gbpusd trade stopped out at BE. Just realized that I shouldn't have entered on GBPJPY as low of the setup bar was lower than 30 p from M15. Here the chart of the GBPUSD trades.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 54 KB
  • #1,045
  • Aug 25, 2013 1:41am Aug 25, 2013 1:41am
i am glad some interest in this thread is generated after a long time

i shall post my trades soon

regards
  • #1,046
  • Aug 25, 2013 2:25am Aug 25, 2013 2:25am
1) tp:sl - 1:1 is fine .. how many times have you seen market moved a few pips in your favor and then reversed .. i have tried trailing stoplosses & breakeven already, both lead to pre mature profit taking though risk is minimised to great extent .. with this strategy if one gets very disciplined .. you will carve your space !

2) you will be right more than 60 % of times, less trades more profit entries.

3) no pressure, set it .. forget it .. close terminal .. go shopping.

regards.

2) on a H1, you can easily capture 50 pips with this strategy more than 60 % of the times
Quoting forexnubie
Hi Thanks for the reply. But why the TP and SL is amlost 1:1? Dont you think, with this, we have to be right more than 60% to make little profit? The method looks impressive but 50 to 50 TP and SL, puts pressure to win most of the trades to be profitable. What is your opinion?
  • #1,047
  • Aug 26, 2013 11:52am Aug 26, 2013 11:52am
I have read all the thread and would like to try this however I am not sure (beeing new at this) how to input all the perameters (35,70,1,12) for the MACD in MT4. I have done the first 3 (35,70,1) but I am not sure how to set the 4th (12). Can someone please help.


Thanks a lot.
  • #1,048
  • Aug 26, 2013 12:42pm Aug 26, 2013 12:42pm
apply this macd

Quoting eezydeals
I have read all the thread and would like to try this however I am not sure (beeing new at this) how to input all the perameters (35,70,1,12) for the MACD in MT4. I have done the first 3 (35,70,1) but I am not sure how to set the 4th (12). Can someone please help. Thanks a lot.
Attached File(s)
File Type: mq4 Macd-with-EMA.mq4   5 KB | 851 downloads
  • #1,049
  • Aug 26, 2013 1:01pm Aug 26, 2013 1:01pm
Thank you Hawk. Installed and working.
  • #1,050
  • Aug 29, 2013 1:25pm Aug 29, 2013 1:25pm
post as much charts you can

let's get the dice rolling

setup awaited

Quoting eezydeals
Thank you Hawk. Installed and working.
  • #1,051
  • Aug 30, 2013 1:37am Aug 30, 2013 1:37am
Hi everyone....

Glad to see that the thread is still alive...... Thanks to Hawk..... Will have to catch up reading the thread.

I'm away on holiday shortly so will get back soon.

With regards to the strategy..... I have made no changes and still trade as per page 1
  • #1,052
  • Aug 30, 2013 2:20am Aug 30, 2013 2:20am
Quoting ronnierott
Hi everyone.... Glad to see that the thread is still alive...... Thanks to Hawk..... Will have to catch up reading the thread. I'm away on holiday shortly so will get back soon. With regards to the strategy..... I have made no changes and still trade as per page 1

whoa! .... really?

profitable then?

and good to see you back always liked this strat
  • #1,053
  • Aug 30, 2013 2:22am Aug 30, 2013 2:22am
Quoting .Hawk.
i still trade the original system & not added any indicators to it. i don't think ronnie has given up on this system & he may very well be back soon i am trying to revive this thread, back to where it was ... interactive ! care to join me ? {quote}

But you are still on demo Hawk? are you still testing?
  • #1,054
  • Aug 30, 2013 2:27am Aug 30, 2013 2:27am
good to see you

Quoting ronnierott
Hi everyone.... Glad to see that the thread is still alive...... Thanks to Hawk..... Will have to catch up reading the thread. I'm away on holiday shortly so will get back soon. With regards to the strategy..... I have made no changes and still trade as per page 1
  • #1,055
  • Aug 30, 2013 2:34am Aug 30, 2013 2:34am
i am on demo till new year until spare funds are available to trade forex.

Quoting stricky1967
{quote} But you are still on demo Hawk? are you still testing?
  • #1,056
  • Aug 30, 2013 2:46am Aug 30, 2013 2:46am
Quoting .Hawk.
i am on demo till new year until spare funds are available to trade forex. {quote}
OK, cool, wasn't prying into you're personal circumstances, sorry if it came across this way.

I was just trying to figure out your level of confidence with this method.

Are you using the EA or taking manual trades?

Do you or Ronnie have any stats from your length of time trading this way. As in number of trades taken, win/loss ratio, effectiveness in a ranging market?
  • #1,057
  • Aug 30, 2013 4:35am Aug 30, 2013 4:35am
Quoting stricky1967
{quote}your level of confidence with this method
lost & gained back

Quoting stricky1967
{quote}Are you using the EA or taking manual trades?
manual. i do not believe in EA for trading a system, i use them for risk management only.

Quoting stricky1967
{quote}Do you have any stats from your length of time trading this way. As in number of trades taken, win/loss ratio, effectiveness in a ranging market?
i had explorer attached which showed consistent profit, now it's hard to maintain an explorer since my broker doesn't permits holding a demo account for more than a month.

it is not effective in ranging markets but if you trade it during peak hours of trading & on particular days of the week, you may be a part of the trending market. no one can predict if market is trending or ranging. you can only react to it.

i am waiting for your charts by the way !
Attached Images
  • #1,058
  • Aug 30, 2013 12:18pm Aug 30, 2013 12:18pm
....thanks Hawk, yeh I think the priority is to focus on the heavily trending markets with this method.

Would be nice to get an indication from Ronnie himself on how this has been performing for him.

have a good weekend
  • #1,059
  • Dec 19, 2013 3:25pm Dec 19, 2013 3:25pm
Hi to whoever is still around, Ronnie thank you for sharing your 1 hour strategy...I really like the simplicity of this strategy.
JuBu, thank you for your tireless efforts in creating the EA..
Hawk, thanks for trying to keep this thread going..

Thanks to all who have worked to improve on this strategy, I feel that too many cooks spoiled the soup. Ronnies original strategy is quite good in identifying Breakouts in the 1 hour charts (USD/JPY works better in 4 hour).

I do hope that the few who are still using this strategy are still around

Thanks to all
  • #1,060
  • Oct 10, 2014 1:19pm Oct 10, 2014 1:19pm
Hi All!

Can anyone update with their results sofar? Does anyone still use this strategy?

I was wondering with the Risk Reward ratio.

Has anyone ever thought about hedging the trade between -20 pips with the same lot the moment the trade goes against you after 20pips? and close the hedge position the moment it goes back to the initial trade to TP. This way, if the initial trade hit its -100 SL, the hedge will at least cover full -80Pips and we only lost -20pips for the trade.

Then again, If the Hedge position goes back to the initial position, we close the -20pips hedge position and win 80Pips instead of 100Pip.

This would mean, 1:4 RiskReward Ratio.

Any take on that?
0 traders viewing now