The DIBS Method... No Free Lunch continues | Page 525 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The DIBS Method - No Free Lunch Returns 13 replies

No Free Lunch but all the Free Coffee you can drink 736 replies

Peter Crown's DIBS method revisited 14 replies

DIBS Method EA 11 replies

Problem using Dibs EA 4 replies

Attachments: The DIBS Method... No Free Lunch continues
Exit Attachments

The DIBS Method... No Free Lunch continues

  • #10,481
  • Sep 26, 2014 3:21am Sep 26, 2014 3:21am
Quoting ksofty
{quote} The last few lines are just warnings, not errors. And the errors are not so hard to fix - if you see at the end of the line there are numbers - for example 395 28 that means the error is on line 395, column 28. You can spot it and with a bit of reading it's really easy to fix. You should try it - take it as a 'training' so next time you see errors you can try and fix them. If you go to the mql5.com and find articles about mql4 (if you lack any kind of programming skills) you can find very interesting stuff there. mql4 is really close to...
Hello ksofty,

It does not look like the EA you fixed (DIBS_EA_ver7.mq4) is working. When I attach it to a chart, the smiley face that indicates an EA is working does not appear, instead you get the sad face that indicates the EA is not working. Yes I have checked all the settings (i.e. AutoTrading is selected etc). I wondered whether is to do with all the warnings generated when it is compiled. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: EA.png Size: 112 KB
  • #10,482
  • Sep 29, 2014 7:21pm Sep 29, 2014 7:21pm
Quoting blunderbuss
It's been a while since I've posted, but...
Ahhh this thread just keeps on giving... thanks for the images blunderbuss and the charts too!
  • #10,483
  • Sep 30, 2014 1:09am Sep 30, 2014 1:09am
Anyone still trading this system?
  • #10,484
  • Sep 30, 2014 5:21am Sep 30, 2014 5:21am
Quoting keziahpie
Anyone still trading this system?
Yes, because IBs are still coming up on the charts. I just posted some .pdfs on page 524 that explain them in detail.

Here they are again:
Attached File(s)
File Type: pdf DIBS Trade - 2014-09-05 to 2014-09-12 - CABLE hourly chart - Scottish Independence Vote.pdf   1.6 MB | 904 downloads
Attached File(s)
File Type: pdf DIBS Trade - 2014-07-28 - 2014-08-01 - USDJPY hourly chart.pdf   1.6 MB | 716 downloads
Attached File(s)
File Type: pdf DIBS Trade - 2014-07-01 - 2014-07-07 - USDJPY hourly chart - two DIBS setups in a week.pdf   1.4 MB | 594 downloads
File Type: pdf DIBS Trade - 2014-06-11 - 2014-06-17 - GBPUSD hourly chart - a huge DIBS setup.pdf   1.5 MB | 672 downloads
File Type: pdf DIBS Trade - 2014-05-03 - 2014-05-12 - GBPUSD hourly chart - a (recent) DIBS trade.pdf   1.5 MB | 748 downloads
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #10,485
  • Edited 6:55am Sep 30, 2014 6:39am | Edited 6:55am
Thanks!

Im thinking of testing UJ pair when Japen market opens, EU and Gu pairs when Europe/London markets open! Do you guys think the timing is ok?

Do you guys place buy and sell stop after IB appear?

Its seem like that is an EA for this? Anyone can guide me to the post of the EA and explanation?\

Thks
  • #10,486
  • Sep 30, 2014 9:31am Sep 30, 2014 9:31am
Just to check, we have a trigger on GU around Euro/London for a sell right?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 19 KB
  • #10,487
  • Oct 1, 2014 2:44am Oct 1, 2014 2:44am
Quoting keziahpie
Just to check, we have a trigger on GU around Euro/London for a sell right? {image}
Not really. I suggest you read the first few pages here: http://www.forexfactory.com/showthread.php?t=56907. Read it from post 16 and then put any questions on here. The EA is not going to help you.
Gone to a better place
  • #10,488
  • Oct 1, 2014 6:25am Oct 1, 2014 6:25am
Quoting smikester
{quote} Not really. I suggest you read the first few pages here: http://www.forexfactory.com/showthread.php?t=56907. Read it from post 16 and then put any questions on here. The EA is not going to help you.
Thanks! I have actually read that already. Care to share why is that not a trigger?
  • #10,489
  • Oct 1, 2014 6:31am Oct 1, 2014 6:31am
How about this? Few pips late for entry. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH1.png Size: 29 KB
  • #10,490
  • Oct 1, 2014 8:31am Oct 1, 2014 8:31am
Quote For the "Daily IBar Setup" or DIBS Method--- only take an upside breakout of an hourly inside bar if the breakout price is higher than the day's open and downside breakouts of an hourly inside bar only if the breakout price is lower than the day's open.

Can someone show me a wrong example of the quote, meaning take the wrong trade. Thanks
  • #10,491
  • Oct 1, 2014 9:21am Oct 1, 2014 9:21am
Does anyone here trade the Asian session using this method?
  • #10,492
  • Oct 1, 2014 8:55pm Oct 1, 2014 8:55pm
Quoting Pipotron
Does anyone here trade the Asian session using this method?
I m trying out uj, au and ea on the asian opening.

EA seems good today. Would been a risk free trade if anyone is in it.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 24 KB
  • #10,493
  • Oct 2, 2014 6:57am Oct 2, 2014 6:57am
Seem like GU is a trigger today too. Do anyone skip the trigger if there is a news coming? If yes, how long before the news.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 17 KB
  • #10,494
  • Oct 2, 2014 10:06am Oct 2, 2014 10:06am
After reading 85% of the thread, I have decide to use Australia open TIME to Asian pairs like AU, UJ, EJ. GJ and EA and 2 hours before London open TIME for GU, EU. U/Chf and U/Cad.

All the best guys
  • #10,495
  • Edited 1:48am Oct 3, 2014 1:23am | Edited 1:48am
Free Trade for AU, U/Chf and EU.

Below an trade from U/Chf.

Update 1
Au out at BE. Enter Buy.
Eu, U/Chf running at risk free.
Au (new), Gu and U/Cad trade running
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH1.png Size: 31 KB
  • #10,496
  • Oct 3, 2014 5:16am Oct 3, 2014 5:16am
Quoting keziahpie
Free Trade for AU, U/Chf and EU. Below an trade from U/Chf. Update 1 Au out at BE. Enter Buy. Eu, U/Chf running at risk free. Au (new), Gu and U/Cad trade running {image}
thats lovely trade on EU.. and/or Swissy. the bar was very small. well done Now the hard bit... to let it run
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,497
  • Oct 3, 2014 7:36am Oct 3, 2014 7:36am
Quoting dustbin
{quote} thats lovely trade on EU.. and/or Swissy. the bar was very small. well done Now the hard bit... to let it run
that should be the easy part, but Im considering taking some out....
  • #10,498
  • Oct 3, 2014 7:45am Oct 3, 2014 7:45am
Quoting keziahpie
{quote} that should be the easy part, but Im considering taking some out....
nicely going in your favour...

The hardest part is the easiest part. Most people know how to enter markets (albeit a lot of us are stuck in that and can't seem to get it right because there is nothing get right really but just being disciplined) but lack how to let it run as long as possible. It is extremely important for this strategy. IMHO
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
  • #10,499
  • Oct 3, 2014 8:00am Oct 3, 2014 8:00am
Quoting dustbin
{quote} nicely going in your favour... The hardest part is the easiest part. Most people know how to enter markets (albeit a lot of us are stuck in that and can't seem to get it right because there is nothing get right really but just being disciplined) but lack how to let it run as long as possible. It is extremely important for this strategy. IMHO

Thanks! For me, risk mgt is my weakest spot.

I have just started a new thread to record my trading starting next week. Let's see where it goes.
  • #10,500
  • Edited 4:08pm Oct 3, 2014 3:48pm | Edited 4:08pm
Quoting keziahpie
{quote} Thanks! For me, risk mgt is my weakest spot. I have just started a new thread to record my trading starting next week. Let's see where it goes.
This strategy is hugely successful but the main idea behind it is to keep taking those IB's on Hourly and keep turning them into risk free trades and when you get in line with a daily trend you allow your risk free trades to continue and ride the wave. Meanwhile you may keep taking loses on IB's that close out before 1:1 close half. But meanwhile you "keep building the structure" of those risk free trades that are now in line with a major trend.

e.g. EU from the 1st of july onwards, if you were trading longs and shorts and letting the shorts run in the direction of the trend you'd have amassed 21 or so losers but you'd also have plenty of break evens... but here is the thing. You would have now at least 10 positions running that would have taken your account over 300% less the 25 or so losers. PC was right, this is a hugely successful strategy but psychologically very hard. Very hard. All IMHO>
"...Look for 5:1 RR. I can be wrong 8/10 time yet I'm not gonna lose" PTJ
2 traders viewing now