Constant Range Bars and ideas!

GBP/USD -15 sl hit stage 1!

GBP/USD +15.7 pips RECOVERY STAGE 2....

REVIEW OF THE ACCOUNT AFTER 2nd WEEK!

Trades taken: 46
Pips taken: 174
% on account: 8.75%
Draw down: 2.53%
Win rate: 65%

This week was really hard to trade for me and my strategy...I've done many mistakes and have some trades with force entry...This happened because still testing strategy and money management plan to see edge....

You see that from the past week that win rate significantly fail but with all of this I still made +4.4% on account....

Draw down is still very good and my plan is to keep it that way...

Only 20 pips up from last week but same amount on account,this is how you can improve your trading when hard weeks come and be consistent...

After 45 trades the worst recovery stage was only 3rd stage and my plan is to keep that way also...

TRADES NEED TO BE RECOVERED: AUD/USD stage 2 GBP/JPY stage 2

See ya next week!

REGARDS!

GBP/JPY +10.2 pips RECOVERY stage 2... +0.7% on account!

Regards!

GBP/USD +10.2 pips....

EUR/JPY -15 pips stage 1...

AUD/USD -15 pips sl hit stage 2...

EUR/USD +9.7 pips stage 1.....

EUR/JPY +9.9 pips RECOVERY stage 2....

EUR/USD +15 pips stage 1.....

GBP/USD +10 pips stage 1.....

GBP/JPY -15 pips stage 1....

GBP/JPY -15 pips stage 2.....

I use range bars for my trading system. I've been using them for almost a year now. How do you calculate your CRB value and which time frame does that correspond to? I know for fact that if you want to trade higher CRB values, values taken from 4hr and above charts, you will find it difficult to implement your strategy due to the limited number of bars that are stored in history from the 1 minute time frame. This is the limitation of this script. If the author can code the script to use the data from another time frame it would be much better. I purchased this script for $60 last November from the author's website. Due to this limitation, I use ninjatrader since it can natively graph range bars.

And, I take values I calculate from 4hr time frames, my range bar values are typically 28 - 40 pips per candle.

Hello shadodwel,

I use 8 CRB brick size for entering in trades and 20 CRB to see larger picture for this system...I found that this setting suits me best for intraday trading and creations of money management plan....

It is hard to say which timeframe is correspond to as CRB are non time frame chart,following only the move not the time,but near equvalent could be something beetwen 1h and daily...

I would also like to see more history and creation of better CRB bars script/EA for mt4 but for now I use this script as i don't know anything about coding...Ninja trader is better for non tf chart definately,but more complicated and i don't know where to find all indicators....

Feel free to share your strategy and we can all learn!

Thank you,

Regards!

GBP/JPY -25 pips on stage 3 recovery,fucking broker even on demo account ,will not use this broker on real thats for sure!

Now for the first time need 4 stage recovery and for that because of stupid broker need 30 pips to recover instead of 22!

Or I can close previos position with 15 pips and will need again 15 pips to recover all!

You see how much options you have to recover so don't worry to much,now waiting for great opportunity on this pair!

Regards!

GBP/JPY +18.4 pips RECOVERY stage 4.....

With this i recovered previous stage 3 and now waiting for new opportunity to enter in stage 3 again and recover whole cycle....

You can see how aggressive you can be with it sometimes when expecting move because you know you will recover from potentially loss...

I was sure that breakout will happen on this pair but didn't know when,was following signals and have beleive in my system...

Now only 15 pips needed again to full recover on this pair....

Regards!

GBP/JPY +16.3 RECOVERY stage 3.... out and recovered cycle even when brokers are bad you can turn this on your side,they can win battle but I will win war,simple as that!

OK guys and girls,after 3 weeks and 14 days of testing this money management plan i will close topic about this idea....Think i said enought..

Conclusion is that this works and will work if you are discipline patience trader (opposite you cannot be trader at all)... not be greedy,choose wisely your battles and even with some mistakes you can have good statement,small draw down and and nice up equity curve,even if you are not so experienced...

After 60 trades and lots of mistakes my DD was only 4.51% , winning vs. loosing trades 64% which is not so exclusive but still stress free...

This way you can feel consistency on your accounts and slowly but surely build your financial empire..

Hint: This is not recommended to newbies but if you want more % profit monthly you can cut number of adding positions but for this you must have good prove system with better win ratio......opposite 12 adds should be enought for any trader or change job (cruel but true)....

Bear in mind always that the consistency is key in forex bussiness and try to make smaller target (this is the good way) in few pairs and I am sure that you can improve your trading...

''Always be step further than brokers,market makers and those muppets who want to take your money,have realistic expectations and wish you many green pips''

I like your money management Strategy, using it right now but with smaller lots (Still learning). Thank you for sharing your system, I was searching for a good, safe, and profitable recovery strategy and this looks like it! Thanks again subscribed!