{quote}
Are you laughing at xetrader?
Winning isnt everything but coming second sucks (Charlie Brown)
Bonjour Oechel,
Many thanks for your very usefull WSS indicator.
If I may and for those who get some problems for reading :nerd:, could you made some modifications :
1) Could you display circles around the time frame more biggers for getting a better view (I have difficulties to read them) ?
2) LETTERS in circles are NOT easy to see too, so please could you put 5, 15, 30, H, H4, D, W and M in BOLD letters ?
3) The M30 time frame disturbs me a lot because I don't trade this time frame, so is it possible to remove this 30mn time frame ? In fact, the M, W, D, H4, H, M15 would be perfect for my trading
.
4) Lastly, is it possible to extend at the left corner on the bottom for example "M5 and M15" to "H, 4H, D" ?
Examples, "4H short" when D and W is UNDER the EMA 200 or "D long" when W and M are OVER the EMA200.
Many thanks for your careful attention,
My best to you,
Angel
Many thanks for your very usefull WSS indicator.
If I may and for those who get some problems for reading :nerd:, could you made some modifications :
1) Could you display circles around the time frame more biggers for getting a better view (I have difficulties to read them) ?
2) LETTERS in circles are NOT easy to see too, so please could you put 5, 15, 30, H, H4, D, W and M in BOLD letters ?
3) The M30 time frame disturbs me a lot because I don't trade this time frame, so is it possible to remove this 30mn time frame ? In fact, the M, W, D, H4, H, M15 would be perfect for my trading
.4) Lastly, is it possible to extend at the left corner on the bottom for example "M5 and M15" to "H, 4H, D" ?
Examples, "4H short" when D and W is UNDER the EMA 200 or "D long" when W and M are OVER the EMA200.
Many thanks for your careful attention,
My best to you,
Angel
Bonsoir TEB63,
Firstly, let me thank you for this thread.
Just for sharing, I made this week + 8% on a demo account (42 trades : 27 wins and 15 losses or 64.28% of winning trades).
Time frame used : M-W-D-4H-1h and 15M (I don't use 5M)
If 2 higher time frame get the SAME color I get down to find the opposite color : for example, W and D are red*, if 4H is green* it's perfect BUT if there is NO 123 pattern, I get down to find a green time frame with the 1H and 15M too in order to find a 123 pattern.
Because I skip time frame, the 123 pattern should be CLEAN, CLEAR and obvious.
1% position sizing for each trade
I take a full profit if prices reach the 200% level or 1R
The winning rate is lower because I don't use exactly your method
Another example if D an 4H are green, the 1H SHOULD be RED to enter a trade but if there is NO 123 swing pattern on this time frame, I get down to 1H and 15M to find a 123 pattern ONLY if the current time frame is RED
In fact, I give it this try in order to check if this method takes care of itself
Thanks for your attention,
Let's see if this method will work the next week,
Angel
* Green=prices are OVER the EMA200
Red=prices are UNDER the EMA200
Firstly, let me thank you for this thread.
Just for sharing, I made this week + 8% on a demo account (42 trades : 27 wins and 15 losses or 64.28% of winning trades).
Time frame used : M-W-D-4H-1h and 15M (I don't use 5M)
If 2 higher time frame get the SAME color I get down to find the opposite color : for example, W and D are red*, if 4H is green* it's perfect BUT if there is NO 123 pattern, I get down to find a green time frame with the 1H and 15M too in order to find a 123 pattern.
Because I skip time frame, the 123 pattern should be CLEAN, CLEAR and obvious.
1% position sizing for each trade
I take a full profit if prices reach the 200% level or 1R
The winning rate is lower because I don't use exactly your method
Another example if D an 4H are green, the 1H SHOULD be RED to enter a trade but if there is NO 123 swing pattern on this time frame, I get down to 1H and 15M to find a 123 pattern ONLY if the current time frame is RED
In fact, I give it this try in order to check if this method takes care of itself
Thanks for your attention,
Let's see if this method will work the next week,
Angel
* Green=prices are OVER the EMA200
Red=prices are UNDER the EMA200
Bonjour à tous,
Just for sharing, this is below my weekly trading results :
38 trades for 17 wins and 21 losses, or 44.74 winning % rate.
Even with a lower winning % rate, I even made €385,21 or a little +0.73% of my demo account.
Tweaking slightly the basic WSS method brings to a LOWER win rate and too much trade, so I decided to get back to the BASIC WSS* method even with a profitable WE !
See you next week,
Merci de votre attention,
Happy and fun WE,
* A big thanks to TEB63
Just for sharing, this is below my weekly trading results :
38 trades for 17 wins and 21 losses, or 44.74 winning % rate.
Even with a lower winning % rate, I even made €385,21 or a little +0.73% of my demo account.
Tweaking slightly the basic WSS method brings to a LOWER win rate and too much trade, so I decided to get back to the BASIC WSS* method even with a profitable WE !
See you next week,
Merci de votre attention,
Happy and fun WE,
* A big thanks to TEB63
- #910
- Oct 11, 2013 7:32am Oct 11, 2013 7:32am
- | Joined Jul 2012 | Status: consciuos incompetence level | 2,064 Posts
{quote}
JacekPreserve Precious Capital
- #911
- Oct 18, 2013 11:31am Oct 18, 2013 11:31am
Bonjour à tous,
Just for sharing, this is below my weekly trading results :
34 trades, 19 wins for 15 losses, 55.88% winning rate for a +1% on the demo account*
A better winning rate than the last week, not huge profits but still profitable, that's all !
See you the next week,
Happy and fun WE to all
* 1% risk for EACH trade
Just for sharing, this is below my weekly trading results :
34 trades, 19 wins for 15 losses, 55.88% winning rate for a +1% on the demo account*
A better winning rate than the last week, not huge profits but still profitable, that's all !
See you the next week,
Happy and fun WE to all
* 1% risk for EACH trade
- #912
- Oct 18, 2013 3:21pm Oct 18, 2013 3:21pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Bonjour à tous, Just for sharing, this is below my weekly trading results : 34 trades, 19 wins for 15 losses, 55.88% winning rate for a +1% on the demo account* A better winning rate than the last week, not huge profits but still profitable, that's all ! See you the next week, Happy and fun WE to all
what risk to reward ratio are you doing ...
do 3 to 1 and you would be in the money
Bonjour TEB63,
Firstly let me thank you for all you have been doing on Forexfactory !
I use 1 to 1 risk to reward and I'm still in the money.
You're right when you stated to use a 3 to 1 RR but the more you increase your RR ratio the more you decrease your winning trade rate, if you see what I mean..................As we know, this is the EXIT that makes your trading profitable or not !!
What I like in your method is the "set and forget". NO guesswork at all, I place my trade and I forget it till it hits my TP or my SL knowing the fact that I DISMISS all the pairs concerned by big news of the day.
In reality and NOT on the paper, it seems that this exit method stated above seems to take care of itself after 3 weeks and 114 trades.
I agree that less than + 10 %* in 3 weeks is not huge but it stays profitable.
Let's see what the next trading week will bring us.
Merci de ton attention,
Happy and fun WE,
* 1% position sizing per trade
Firstly let me thank you for all you have been doing on Forexfactory !
I use 1 to 1 risk to reward and I'm still in the money.
You're right when you stated to use a 3 to 1 RR but the more you increase your RR ratio the more you decrease your winning trade rate, if you see what I mean..................As we know, this is the EXIT that makes your trading profitable or not !!
What I like in your method is the "set and forget". NO guesswork at all, I place my trade and I forget it till it hits my TP or my SL knowing the fact that I DISMISS all the pairs concerned by big news of the day.
In reality and NOT on the paper, it seems that this exit method stated above seems to take care of itself after 3 weeks and 114 trades.
I agree that less than + 10 %* in 3 weeks is not huge but it stays profitable.
Let's see what the next trading week will bring us.
Merci de ton attention,
Happy and fun WE,
* 1% position sizing per trade
Hi TEB63,
Following yours questions :
1) when you say you are 1 to 1 are you accounting for spread and slippage ?
No, I'm not accounting for spread and slippage. I just add + 4 points in my risk size as my entries/Stop loss points are 2 pips beyond the 123 pattern, or + 4 points. Even with that, I have to be less than 1:1.
2) Try a 1 to 1.2 or 1 to 1 .5
Okay for that. I'll start with 1.2 for the next week.
3) I see the 1 to 3 risk to reward as my greatest weapon !
I agree with you, 1:3 is the greatest weapon, but does it mean that you take your FULL profit at the 1:3 risk to reward level or do you split your take profit ? For example, 1/3 at 1:1, 1/3 at 2:3 and the last 1/3 at 1:3 risk to reward level ?
4) By the way great work !
Thanks to you, I just apply your method like a robot just by setting trades and waiting that the market catch them for going WHERE it want to go ! Friday afternoon is the only day I close ALL my trades, in or out of the money no matter ! The other day, as a trade is catched by the market, it's a full profit or a full loss !
We'll see if this way of trading stays profitable in the long term (at least 3 month in a row)...........
Thanks for your attention,
Following yours questions :
1) when you say you are 1 to 1 are you accounting for spread and slippage ?
No, I'm not accounting for spread and slippage. I just add + 4 points in my risk size as my entries/Stop loss points are 2 pips beyond the 123 pattern, or + 4 points. Even with that, I have to be less than 1:1.
2) Try a 1 to 1.2 or 1 to 1 .5
Okay for that. I'll start with 1.2 for the next week.
3) I see the 1 to 3 risk to reward as my greatest weapon !
I agree with you, 1:3 is the greatest weapon, but does it mean that you take your FULL profit at the 1:3 risk to reward level or do you split your take profit ? For example, 1/3 at 1:1, 1/3 at 2:3 and the last 1/3 at 1:3 risk to reward level ?
4) By the way great work !
Thanks to you, I just apply your method like a robot just by setting trades and waiting that the market catch them for going WHERE it want to go ! Friday afternoon is the only day I close ALL my trades, in or out of the money no matter ! The other day, as a trade is catched by the market, it's a full profit or a full loss !
We'll see if this way of trading stays profitable in the long term (at least 3 month in a row)...........
Thanks for your attention,
- #917
- Oct 19, 2013 11:09am Oct 19, 2013 11:09am
Hi again,
I do understand, you let the target remain the same and move your SL to BE as you're half in profit for example. I notice that moving my SL to BE leads to many BE trades because a trend moves usually in zigzag swings (implusion and correction, impulsion and correction...etc...) and not in a straight line !
Thanks for having shared with us your trading style, it's kind of you !!
Happy and fun WE all,
I do understand, you let the target remain the same and move your SL to BE as you're half in profit for example. I notice that moving my SL to BE leads to many BE trades because a trend moves usually in zigzag swings (implusion and correction, impulsion and correction...etc...) and not in a straight line !
Thanks for having shared with us your trading style, it's kind of you !!
Happy and fun WE all,
- #918
- Edited 10:08pm Oct 19, 2013 11:42am | Edited 10:08pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi again, I do understand, you let the target remain the same and move your SL to BE as you're half in profit for example. I notice that moving my SL to BE leads to many BE trades because a trend moves usually in zigzag swings (implusion and correction, impulsion and correction...etc...) and not in a straight line ! Thanks for having shared with us your trading style, it's kind of you !! Happy and fun WE all,
yes if you are not careful
( in an up trend)
only move to BE after price made a higher low and then a higher high over the entry and is moved up again!!!
ie.
Green is the entry
red is the 1st stop
when price moves into the blue box - and closes over blue line
move up the stop to the entry - BE
