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Ultimate Full-n-Final Trading Strategy

  • #21
  • Nov 25, 2013 3:18am Nov 25, 2013 3:18am
Quoting billbss
{quote} If you show bogus wins, maybe this thread isn't suitable for anyone.
Apart from first post .. I have attached five more charts to show potential of this strategy.

If you think.. they are also bogus, then i can only tell... "God bless U"
  • #22
  • Nov 25, 2013 5:59am Nov 25, 2013 5:59am
How many bars you display to choose the longest?
  • #23
  • Nov 25, 2013 8:16am Nov 25, 2013 8:16am
Any H1 candle more then 30 pips >open-close< consider long candle! Only big player can do that! Good Luck! Cheers!
ForexBizSolutions
  • #24
  • Nov 25, 2013 10:17am Nov 25, 2013 10:17am
I need to change my view that this is the last "piece" of what I need. lol

However, some initial tests show:

1. not good for 4H or daily bar, even though the setup may be more significant on these 2 timeframe. because the setup candle is so high that the stoploss amount is large therefore.

2. good for 1H, but in a defined manner (let's call 1st candle "signal candle", 2nd candle "reversal candle"):
a). if the signal candle happened in a ranging session
b). the signal candle covers a large portion of that range
c). the reversal candle picks up a previous trend

Still a very useful concept.

hope this is helpful.
  • #25
  • Nov 25, 2013 11:39am Nov 25, 2013 11:39am
My first trade. I hope it works.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbph1.png Size: 26 KB
Enter Signature
  • #26
  • Nov 25, 2013 11:30pm Nov 25, 2013 11:30pm
Quoting mokhlesur
My first trade. I hope it works. {image}
I think .. u are in marginal profit now
  • #27
  • Nov 26, 2013 1:21am Nov 26, 2013 1:21am
How to determine the TP levels?
  • #28
  • Nov 26, 2013 6:23am Nov 26, 2013 6:23am
Quoting IenDzi
How to determine the TP levels?
TP depends on time frame.. as for 1 hr chart one can expect around 20-30 pips.

Or you can wait till another long candle formation.. and follow the trend
  • #29
  • Nov 26, 2013 6:26am Nov 26, 2013 6:26am
Quoting charvo
I need to change my view that this is the last "piece" of what I need. lol However, some initial tests show: 1. not good for 4H or daily bar, even though the setup may be more significant on these 2 timeframe. because the setup candle is so high that the stoploss amount is large therefore. 2. good for 1H, but in a defined manner (let's call 1st candle "signal candle", 2nd candle "reversal candle"): a). if the signal candle happened in a ranging session b). the signal candle covers a large portion of that range c). the reversal candle picks up a...
Thanks for the observations.

Biggest candle should be like stone thrown in the calm water. If market is moving peacefully and suddenly there is a Big candle appears,,, it is a good sign to trade.
  • #30
  • Nov 27, 2013 5:16am Nov 27, 2013 5:16am
Update: My first trade EURGBP of 25th Nov exited with 8 pips of profit.
Enter Signature
  • #31
  • Nov 27, 2013 6:32am Nov 27, 2013 6:32am
I modified this strategy in my style Please check here.
  • #32
  • Nov 27, 2013 12:55pm Nov 27, 2013 12:55pm
Quoting mokhlesur
Update: My first trade EURGBP of 25th Nov exited with 8 pips of profit.

8 pips profit !! well done !!!!
  • #33
  • Dec 4, 2013 10:28pm Dec 4, 2013 10:28pm
changed my mind, this is not working

at least, an obvious flaw: where is the stoploss?

now that the system tries to fade a HUGE bar, it means SL is also huge. No, no, this system's hit rate is far lower than say, 70%. it is a no go to trade it

after all, an idea far from a well defined system, don't even mention 'profitable'
  • #34
  • Jan 15, 2014 3:34am Jan 15, 2014 3:34am
Hi guys.. May I know where can I find this candle size indicator (mt4) which calculating the pip from high to low of the candle and displaying it on every candle in the chart like the picture shown in this post. If you have it, please kindly let me know or share it. Thanks a lot. =D
Attached Image (click to enlarge)
Click to Enlarge Name: EURLFXLH1__1.png Size: 19 KB
  • #35
  • Last Post: Jan 15, 2014 3:56am Jan 15, 2014 3:56am
Good evening everyone. Greeting from Malaysia. Finally, I found the indicator that I wanted for so long.

Here is the download link for the indicator that calculates each candle and displaying HILO pips range. Enjoy =D

Download link : http://forexwikitrading.com/forex-in..._indicator_v1/

N.B Credit to the author, Wajdyss.
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