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How can I get 99% of profit trades? this is my idea...

  • #81
  • Apr 14, 2014 4:43am Apr 14, 2014 4:43am
-120 pips on E/U todays? Ican only see a 70 pip movement even if you had open before the gap...
No greed. No fear. Just maths.
  • #82
  • Apr 14, 2014 5:28am Apr 14, 2014 5:28am
Sorry
i wrong to write..... i was in profit + 12 with eur usd as you can see in the image
  • #83
  • Apr 16, 2014 4:31am Apr 16, 2014 4:31am
Audusd , price open daily candle and go quickly down without to make a new high( so open was = high) , so i wait it come back to gain...
+7 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gr.png Size: 30 KB
  • #84
  • Apr 16, 2014 9:02am Apr 16, 2014 9:02am
Hi Nepul!

Interesting thread, thanks for your time and effort.

I have few questions in my mind, could you plz ALL.

My questions are:-

1) What time you check Candle OPEN, is it 17.00 PM Eastern Time??

2) What Time Frame?? Is it D1?? Why NOT M5 or M1??

3) Do you wait 5+ PIPS from OPEN?? Either side, North/South.

4) What if it goes 5+ PIPS LONG, do you ENTER “SELL” @5+ PIPS?? VICE VERSA

5) Does it matter any PAIR??

6) Do you put STOP LOSS??

7) What if you MISS candle OPEN?? Do you wait for the next day???


PLZ answer all.

Thanks,
LoveandPeace
  • #85
  • Apr 16, 2014 10:00am Apr 16, 2014 10:00am
Hi LoveandPeace,
i'm testing this idea of trading, so for now i'm not still sure about all setting..
by the way the good of this idea(if it really works) is that we dont have to do nothing, only place order and go...

1) 2) 7) Dont care about the timeframe or the exactly time the daily candle open, but cares about the interval of the price that is of 24 hours, you can check also a 24h candle who start at 5 : 00 am and end at the same time of the next day.
To check the 24h candle you can use the indicator a shared some post before...
3 ) 4 ) i was using to have 5 pips profit , by the way price before to reach my target, went against me also for 10-15 pips, so why not enter directly when price is - 15?? or at least -10 ?
6) Stop loss in the begining was 50 pips from the open, so if we enter at -5 we have 45 stop loss, if we enter at -10 we have 40 pips stop loss...as you can see, another thing who tell us that is better to earn at least 10-15 pips..
5) i'm using all pairs, except jpy, cause we need a bigger stop loss or at least more pips before it come back to the open.

As i told you , till now it's only an idea, i'm trying to improve, if you want to help me testing you're the welcome..
  • #86
  • Apr 18, 2014 5:24am Apr 18, 2014 5:24am
Another examples:
18/04/2014 daily candle usdcad.
Price open daily candle and go quickly up, when price go up for 10 pips i sold...when price reach the open and so open is not more equal to the low i close the trade
take profit 10 pips
stop loss 30 pips
very high probability to have a winning trade, because it's too rarely that a daily candle end with the open = low
  • #87
  • Apr 18, 2014 5:25am Apr 18, 2014 5:25am
Attached Image (click to enlarge)
Click to Enlarge Name: fore.png Size: 39 KB
  • #88
  • Apr 18, 2014 9:42am Apr 18, 2014 9:42am
I like your idea Nepul, in fact im doing in myself I'm trying to win 10 pips everyday as my target. but i chosen to use price action on a hr chart to do it cause i believe all systems are just too slow to react to a move.
  • #89
  • Apr 18, 2014 10:21am Apr 18, 2014 10:21am
"how it's possible to have 99 % to profit at least 5 pips???"

TP : 5 pips
SL : 5000 pips

guaranteed %99 winners.
if you have enough time.......!
My Best Trade is Next Trade!
  • #90
  • Apr 19, 2014 5:31am Apr 19, 2014 5:31am
Quoting MAM.Trader
"how it's possible to have 99 % to profit at least 5 pips???" TP : 5 pips SL : 5000 pips guaranteed %99 winners. if you have enough time.......!
This was the first thing that came to my mind when I saw the thread title haha.

I think what OP should concentrate on is formulating a profitable trading strategy (regardless of win/loss percentage). If you are able determine that it's profitable, then you will have the confidence in the back of your mind that you will come out profitable sooner or later when you hit a string of losses.
  • #91
  • Jan 6, 2015 10:52am Jan 6, 2015 10:52am
Quoting PipMeUp
I understand the idea better now. Here is an excel file where I plot the length of the wick at the open side of the candle. Data are from E/U daily. The distribution is exponentially fading to zero (black line). - Actually the zero length is THE MOST PROBABLE with 6% chance. - 80% of the wicks are smaller than 42 pips. So we could say that if the price is further than 42 pips from the open you'd better not go against this move with 80% confidence. - In fact if the price is only 20 pips away from the open price you only have ~40% chance of seeing...

Hi PipMeUp,
i was reading this thread and mainly your post, i would like to know how you could get this kind of database?
i'm testing a strategy very close to this, and i need some way to back test the candle and have a big database, i read your excel and i 'm wondering how you did it..
manual? or with some software ?
thanks you in advance...
  • #92
  • Jan 6, 2015 12:42pm Jan 6, 2015 12:42pm
Quoting Gurudeva
{quote} Hi PipMeUp, i was reading this thread and mainly your post, i would like to know how you could get this kind of database? i'm testing a strategy very close to this, and i need some way to back test the candle and have a big database, i read your excel and i 'm wondering how you did it.. manual? or with some software ? thanks you in advance...
I'have downloaded the data from FXCM and Dukascopy throught their java api.
No greed. No fear. Just maths.
  • #93
  • Jan 11, 2015 12:01pm Jan 11, 2015 12:01pm
hallo ,
reading your posts i came up with an idea . Aim for 5-7 pips when breaking the open or close of the preivious day's candle . Trading in the wings , Any one can check this please?
  • #94
  • Aug 21, 2015 1:08am Aug 21, 2015 1:08am
There are so many ways you can make at least 99% of profit(I do)..
But, that should be a kind of mind-strategy, not one everybody knows...
I'm a scalper, a day trader and a trend trader.
I combine the best power of these 3 into 1 to give me my working strategy....
And, i make 100% profit...
See this and my ff page for proof of that...
My maximum stay in the market is 3 minutes and i never loss out to brokers....
  • #95
  • Aug 25, 2015 5:40am Aug 25, 2015 5:40am
Quoting noobshow
There are so many ways you can make at least 99% of profit(I do).. But, that should be a kind of mind-strategy, not one everybody knows... I'm a scalper, a day trader and a trend trader. I combine the best power of these 3 into 1 to give me my working strategy.... And, i make 100% profit... See this and my ff page for proof of that... My maximum stay in the market is 3 minutes and i never loss out to brokers....
Yes this is a Best trading if you are able to win and stay in the Forex markets only for a short duration of time.

As this will only give you a limited exposure and also let you earn Profits
Trading in Forex since 8 years
  • #96
  • Aug 25, 2015 7:58am Aug 25, 2015 7:58am
Quoting PipTraderz
{quote} Yes this is a Best trading if you are able to win and stay in the Forex markets only for a short duration of time. As this will only give you a limited exposure and also let you earn Profits
Yea....
I'm happy making profits, coz i know what it is to be a loser to some f*cking brokers or someone at the other end...
I've been through it before, i know how i lost much people's funds(Family's funds, friend's funds when i start thinking of myself as a trader)....
But, now....I'm earning them all back manually and i'm trying so hard to work on my bot(As a programmer)...

I wish everyone Good, huge and blessed Pips....

noobshow.
  • #97
  • Edited 11:24pm Aug 25, 2015 11:10pm | Edited 11:24pm
Hello Nepul, others,

I think it is always worthwhile looking for better and better edges. This I would say all traders do, no matter where they fit on the % spectrum - we want the easiest fastest way from A to B. So, Buffet and Muppet will be looking for easy ways to make money. The difference between the two, in my opinion, is that Buffet continues (overall) to make consistent funds over time. So, Buffet will always take the easy money if on offer, but Muppet needs it now.

Now let's get to percentage winning trading. You only need a very slight edge to be successful. If you can just keep your head above water for long enough you will have developed a winning attitude that is hard to break. Consistent winning is all you need. For example, I will give you a scenario in the following paragraph.

A trader makes only 53.33% of his/her trades winners. Each win is very slightly greater than each loss (could be even for what it matters). Now this trader trades for about 20 hours a week, and takes about 20 to 30 trades on the EUR/USD. She/ he gets about 2 more winners than losers, on average, a week. This trader started with only a nominal balance of $100 as they didn't want to lose any savings, but they knew that although demo accounts have their uses, trading with real money (although only small amounts) will provide the best feedback regarding methods used. Our trader friend risks between 2 and 3 % a trade, and makes about 6% a week on average - this can fluctuate quite a lot, but she/ he is quite relaxed about it as they take great responsibility for making sure they don't get carried away by the market, and they know they will win over the long haul, and make a consistent upward equity chart. Now this person started with $100, and after 1000 days of seemingly boring trading had $400 000. So trading to this trader is all about doing a job, not anything else, not very exciting.

I would say looking for better and better edges (if they exist) is important, but in the end a trader has to give away that get rich mentality, and may find that with a somewhat tedious trading plan they will get rich anyway!
  • #98
  • Aug 26, 2015 2:03am Aug 26, 2015 2:03am
Quoting Nepul
Hi kore2, Please read better the thread. I dont want to trade for 2-3 pips , as you have seen in the photo i earned 10 pips, but it's not all. With "At least the 90% of all the daily candle has a minimum and a maximum of 2-3 pips" , i wanna mean the i know that something in 90% of the times happen, if the daily candle dont make a maximum ( like the chart i posted),i can know that with a lot of probability (99%) i will make it . But the way gbpusd went under for around 30 pips before to make a maximum, and when it 's less 30 we still have that probability,...
Pardon me butting in on this conversation.
I have a small problem, and need some advice, hope you can assist. Many years ago I traded live and had some indicators which I developed for my own system/strategy coded.
Last night I plugged in my old computer and was able to find most (I think) I emailed them to my office and have them now in my indicator folder in Oanda.
I have all the coding, but for some reason these will not show - anyone know what the reason may be? Please forgive me for my rude butting in, but as a new member I can not post a thread of my own as yet - I am hoping someone will see this and assist.
  • #99
  • Dec 6, 2016 8:03am Dec 6, 2016 8:03am
Can anyone provide a maruboza EA or at least a mq4-frame so that I can modify it?
Join our skype group.
  • #100
  • Last Post: Dec 6, 2016 11:10am Dec 6, 2016 11:10am
Quoting OldHand
{quote} Pardon me butting in on this conversation. I have a small problem, and need some advice, hope you can assist. Many years ago I traded live and had some indicators which I developed for my own system/strategy coded. Last night I plugged in my old computer and was able to find most (I think) I emailed them to my office and have them now in my indicator folder in Oanda. I have all the coding, but for some reason these will not show - anyone know what the reason may be? Please forgive me for my rude butting in, but as a new member I can not...
I think these old Indicators doesn´t run anymore with the new updates of mt4. You can try to compile them maybe with sciTE.
Attached File(s)
File Type: zip scite-mql-1.4.2-mt4-compiler.zip   3.1 MB | 270 downloads
(.)(.) think first ...
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