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Sharing my profitable and simple strategy

  • #81
  • Jul 11, 2014 8:56am Jul 11, 2014 8:56am
no problem sesam, BTW, I never use indicators this messy myself. It's just standard procedure in the extreme early stages of writing code that I make EVERYTHING visible. It's a debug tool to follow exactly what the code is doing. did he see this condition, how did he interpret this etc....
If I don't make it visible, I can't see it. Once a code is more validated, I make all graphical indications go away. Tough to compare a few hours of messing about just to see if something could be done versus a commercial product that looks nice....
Anyway, that's it for me. I'm open to do some more work in case Nepul is interested.
  • #82
  • Jul 11, 2014 8:56am Jul 11, 2014 8:56am
Quoting growthera
Hi, here is my update. I also coded the SELL signal. Right now it just acts as an indicator that tries to emulate the correct entry level. It seems to generate very few signals. On USDJPY, from July1st 2010 to July1st 2014, 21 signals were generated. Of these 21 maybe half would been triggered, as when the conditions was detected, the price already moved on and did not come back to the open limit. So we should find a way to generate more signals. Below is the code from NT7, and some screenshots. To move forward, a lot of questions would need to...

thank you growthera,
one problem in your test could be firstly that it 's refers only to already formed candle, in the charts you post there were a lot of opportunity and entry signal that we can't see now looking a past chart...
sometimes there's a signal and we entry, it go for 10-15 pips in our profit and then continue against us,all of this in the formation of only one 4h candle..

Did you test in real time?
Can you make a simple ea who place stop sell and stop buy if price dont break for more of 4-5 pips?
Entry in one pip above/below the previous min/max
Order remain there untile price go to break or to hunt.
I'm really dont sure that it can work with an ea, but i am very happy if someone can code it .
  • #83
  • Jul 11, 2014 9:16am Jul 11, 2014 9:16am
Nepul, correct, the Ninjatrader tests only on closed candles. It is of course possible to add 1M candles so then it would test every minute instead of every 4H.
Did not test real time, as so far all it does it draw stuff on a chart to test if the code actually was capable of approaching your entry signal.
I agree with you that it does look like this might not be a good method for EA coding, especially reliability of testing. I'll give it another go to see if I can do something in a short time, but if not I am going to pass on to maybe other ideas that lend themselves better to coding in the Ninja environment. Sounds like a good strategy you have there though... great that you are sharing this. If you keep sharing your real trades with graphs, I'm sure you'll have traders that will follow this thread.
Cheers for now....
  • #84
  • Jul 11, 2014 10:35am Jul 11, 2014 10:35am
Quoting growthera
Nepul, correct, the Ninjatrader tests only on closed candles. It is of course possible to add 1M candles so then it would test every minute instead of every 4H. Did not test real time, as so far all it does it draw stuff on a chart to test if the code actually was capable of approaching your entry signal. I agree with you that it does look like this might not be a good method for EA coding, especially reliability of testing. I'll give it another go to see if I can do something in a short time, but if not I am going to pass on to maybe other ideas...
Growthera, is possible to code in Mql4 ?
  • #85
  • Jul 12, 2014 3:11am Jul 12, 2014 3:11am
Hi Nepul,

after the min/max bar has been printed on the chart, we only look for an entry on the very next bar, or could we wait for an entry signal some more bars later to break the high/low by max of 4 pips?
  • #86
  • Jul 13, 2014 7:40am Jul 13, 2014 7:40am
Quoting growthera
Nepul, correct, the Ninjatrader tests only on closed candles. It is of course possible to add 1M candles so then it would test every minute instead of every 4H. Did not test real time, as so far all it does it draw stuff on a chart to test if the code actually was capable of approaching your entry signal. I agree with you that it does look like this might not be a good method for EA coding, especially reliability of testing. I'll give it another go to see if I can do something in a short time, but if not I am going to pass on to maybe other ideas...

If you want to try to code a strategy like this i think we should change something.
For example we should refers to some price levels and wait they will hunt the stop loss to enter.
Price Level like daily high or low, or 4h high or low, strong support and resistance...there wait they hunt stop loss and re-enter in the previous range(candle)...
In this way test to optimize the trade management, cause i dont think it's possible to have 2-3-4 stop loss with an ea..
If you are interested i give you a support and resistance indicators who refers to 4h , 1 day and 1 month charts and from there try to code some ea who put stop order
above/below min and max.
  • #87
  • Jul 13, 2014 7:41am Jul 13, 2014 7:41am
Quoting Forex Lion
Hi Nepul, after the min/max bar has been printed on the chart, we only look for an entry on the very next bar, or could we wait for an entry signal some more bars later to break the high/low by max of 4 pips?

Forex Lion you have to refers to a price levels, so it depend, sometimes a 4h low is equal to a 1day or 1 week low, so we shoul wait some bars later also.
  • #88
  • Jul 13, 2014 9:58am Jul 13, 2014 9:58am
Quoting Nepul
In this image an example of what i want to mean for strong min or max http://gyazo.com/eec4f45e0d6cf8a01c6d4e8ce028e824 If you want you can filter better with bollinger bands...indeed there's more probability of a retrace or a end of the trend when a big candle close out from the bands.
thanks nepul for sharing your strategy, i think many will benefit from it. don't mind those with crab mentality, please don't get tired of sharing, kind hearted man.
  • #89
  • Jul 13, 2014 3:13pm Jul 13, 2014 3:13pm
Hi Nepul, thank you for sharing your work.
Subscribed!
'the quieter you become, the more you are able to hear' - Ram Dass
  • #90
  • Edited 8:09am Jul 14, 2014 7:59am | Edited 8:09am
For anyone paying attention now, GU is putting in a mongo H4 sell bar with only a minute left until it closes.

Update: H4 low broken by more that 4 pips so No Trade.

Shown on M5 chart here:
Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 7-14-2014.png Size: 13 KB
  • #91
  • Jul 14, 2014 8:07am Jul 14, 2014 8:07am
Quoting diamonddbw
For anyone paying attention now, GU is putting in a mongo H4 sell bar with only a minute left until it closes.
Well , it depends from your GMT time , my 4h close in 3 hours...but the way it look like a good 4h candle where they can hunt stop....we will see...
  • #92
  • Jul 14, 2014 8:14am Jul 14, 2014 8:14am
Quoting Nepul
{quote} Well , it depends from your GMT time , my 4h close in 3 hours...but the way it look like a good 4h candle where they can hunt stop....we will see...
++++++++++++++++++++++++++++++++

Right. Forgot to mention I use NY close becuz I'm in US and that time is most pertinent to the way I trade.
Thanks,
Darryl
  • #93
  • Jul 14, 2014 8:17am Jul 14, 2014 8:17am
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ Right. Forgot to mention I use NY close becuz I'm in US and that time is most pertinent to the way I trade. Thanks, Darryl
Even if could be a good opportunity , in this case remember that stop loss is too large for the way i use to trade, by the way you can use a different stop loss more large than mine, but remember that then also you take profit has to be more large....at least 1:3 or 1:4
  • #94
  • Jul 14, 2014 8:19am Jul 14, 2014 8:19am
Question; Do you have any statistics on how H4 bar reaches it's level? In other words, if most of the H4 bar is formed in the first few hours does that make it less effective than a bar which has most of it's power (pip travel) in the last hour that it forms?
  • #95
  • Jul 14, 2014 8:23am Jul 14, 2014 8:23am
Quoting Nepul
{quote} Even if could be a good opportunity , in this case remember that stop loss is too large for the way i use to trade, by the way you can use a different stop loss more large than mine, but remember that then also you take profit has to be more large....at least 1:3 or 1:4
++++++++++++++++++++++++++++++++

I understand. This is why I mentioned that on my H4 bar low, price had broken your "4 pip" maximum according to rules on Pg.1.

Also, in the case of the chart I posted, 10 pips above the H4 low, is last weeks low which can be a strong resistance barrier.
  • #96
  • Jul 14, 2014 8:39am Jul 14, 2014 8:39am
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ I understand. This is why I mentioned that on my H4 bar low, price had broken your "4 pip" maximum according to rules on Pg.1. Also, in the case of the chart I posted, 10 pips above the H4 low, is last weeks low which can be a strong resistance barrier.
As you can see it wasnīt a resistance area .
I was at the same time in a Cable short and it cutted the line like a hot knife a piece of butter .
I donīt want to post this trade here in this thread .
http://www.forexfactory.com/showthre...31#post7603431
But here you can see .
Risiko birgt immer auch die Chance.
  • #97
  • Jul 14, 2014 8:41am Jul 14, 2014 8:41am
Quoting diamonddbw
Question; Do you have any statistics on how H4 bar reaches it's level? In other words, if most of the H4 bar is formed in the first few hours does that make it less effective than a bar which has most of it's power (pip travel) in the last hour that it forms?
I dont have any statistic, by the way sometimes it's better that the 4h candle close with a big shadow after it forms the min or max...
I dont care when it forms the high or low, i care if it's very strong, i care some price action, if it close very out from the bollinger bands
  • #98
  • Edited 9:14am Jul 14, 2014 8:42am | Edited 9:14am
But Nepul my question is :
Is this a valid entry by your rules ??... broke the low more than 4 pips .. , so enter a long position??
Thx , Guido
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDcH4.png 14.7..png Size: 34 KB
Risiko birgt immer auch die Chance.
  • #99
  • Jul 14, 2014 8:50am Jul 14, 2014 8:50am
Quoting Sesamstrasse
{quote} As you can see it wasnīt a resistance area . I was at the same time in a Cable short and it cutted the line like a hot knife a piece of butter . I donīt want to post this trade here in this thread . http://www.forexfactory.com/showthre...31#post7603431 But here you can see .
++++++++++++++++++++++++++++++++


Indeed it did slice right through last weeks low, and yesterday's low. I just like to use all of the safety nets I can.
  • #100
  • Jul 14, 2014 9:56am Jul 14, 2014 9:56am
Hi Nepul, I've been reviewing your system, and I like it, this appears to be a very good scalping technique. Still trying to grasp the full concept. For example, after your min/max candle closes, the very next bar goes the 4 pips past the previous candles high/low, when this candle returns to the high/low of the min/max candle, we place our trade in the opposing direction, or do we wait for this candle to close as well?
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