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As simple as possible: 00 level trading

  • #27,681
  • Mar 14, 2015 12:01am Mar 14, 2015 12:01am
Quoting dforant1
{quote} I do understand. Udine has and is doing an excellent job prescribing his method here. He has said himself this is not the first version of this type of trading. Some verbiage has changed along with indicators. Confusion confuses the confused even more. Many here have taken liberties with this thread. If I were owner half would not be here, but I'm a grumpy sort. Like I said in my first post a lot of baby sitting goes on in very good threads. Folks can't understand the language and or install an EA as opposed to an Indicator. As far as opening...
Dforant,

just keep posting, my only request would be to show the trades in the chart

As many roads lead to green pip land, yours is certainly one of them, and you made it fit your personality!

Udine
Sleep less, live fast, as it aint gonna last
  • #27,682
  • Mar 14, 2015 12:20am Mar 14, 2015 12:20am
Quoting diallist
@Udine Udine, in the attached image, would the blue box represent a color change or no? If so, then the green line would be the pending order. I'm not sure if the M30 candle itself is something that is to be watched for a color change. Are the components to be watched for a color change in List A or List B? List A ASH (30) PriceToOpen(60) PriceToOpen(1440) or List B M30 Candle ASH (30) PriceToOpen(60) PriceToOpen(1440) Thanks Dial {image}

Dial,

you can consider the following:

List A - Level 1 entry (basic entry)

List B - Level 2 entry

Cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #27,683
  • Mar 14, 2015 1:23am Mar 14, 2015 1:23am
Quoting allhappy
{quote} Dear Firewight, Well done, Can you teach me how to combine (super impose) these charts. I try to drag and put on the same window but it didn't work. Thanks Be Happy
I just drag one indicator at a time, the following indicators must go into the first indicator window. As you add them, you need to change the colours and the bar widths so you can see all the indicators at the same time, the first layer must have the widest bar widths, and so on. (it took me several attempts to achieve the color and style I like).

If the indicators are all the same colour, and the same width bars, you will only see the top layer...

I like it when they all align, its almost as if the indicator "glows" green or red, and that's my signal (I hope)
Life is like a snickers, its full of nuts!
  • #27,684
  • Mar 14, 2015 1:25am Mar 14, 2015 1:25am
Quoting diallist
@Udine Udine, in the attached image, would the blue box represent a color change or no? If so, then the green line would be the pending order. I'm not sure if the M30 candle itself is something that is to be watched for a color change. Are the components to be watched for a color change in List A or List B? List A ASH (30) PriceToOpen(60) PriceToOpen(1440) or List B M30 Candle ASH (30) PriceToOpen(60) PriceToOpen(1440) Thanks Dial {image}
Hey mate,

I am just guessing but I'm thinking if you were watching that live, one of those candles would have changed colour on the fly. As the indicators repaint until the current candle is closed, you may have had a live signal that reviewing the older charts does not show, in this case the candle pulled back before continuing down...
Life is like a snickers, its full of nuts!
  • #27,685
  • Mar 14, 2015 2:00am Mar 14, 2015 2:00am
Quoting Udine
{quote} Dial, you can consider the following: List A - Level 1 entry (basic entry) List B - Level 2 entry Cheers Udine
Thank you Udine! Have a good weekend!
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #27,686
  • Mar 14, 2015 2:57am Mar 14, 2015 2:57am
My variant of ASH H1 D1.
Tom
Attached Image (click to enlarge)
Click to Enlarge Name: ASHH1D1.png Size: 60 KB
Attached File(s)
File Type: mq4 ASH_H1_H4_TP.mq4   9 KB | 310 downloads
  • #27,687
  • Mar 14, 2015 3:16am Mar 14, 2015 3:16am
Quoting diallist
{quote} Hi dimdel, Udine is not probably right... he is absolutely right. Take color changes only for now. I have a few notes for you as well. See the screenshot I've attached. Have a good weekend dimdel. Dial {image}

THANKS dial
i made the corrections

Attached Image (click to enlarge)
Click to Enlarge Name: sssss.png Size: 67 KB


still something not clear
when we say change color we mean when we have the finally color from closed candle
and no when the color flashing green/red and we dont know the finally color

so if candle close red then i put pending short in the near .00

sory my friends for the questions
i dont know whats wrong
my age?/ my Alzheimer ?/ my IQ?
Patience
  • #27,688
  • Mar 14, 2015 4:14am Mar 14, 2015 4:14am
Quoting dimdel
{quote} THANKS dial i made the corrections {image} still something not clear when we say change color we mean when we have the finally color from closed candle and no when the color flashing green/red and we dont know the finally color so if candle close red then i put pending short in the near .00 sory my friends for the questions i dont know whats wrong my age?/ my Alzheimer ?/ my IQ? Patience
Looks like your chart is ready to trade! Well done.

Although, you might want to reconsider adding the M-candle to the main chart.
It makes it easier to see the first M30 of the hour from the second M30 of the hour.
Your choice.

Here is a chart showing exactly what a "change" is.
Attached Image (click to enlarge)
Click to Enlarge Name: dimdel_2.PNG Size: 49 KB
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #27,689
  • Mar 14, 2015 4:37am Mar 14, 2015 4:37am
Quoting Udine
{quote} Dial, you can consider the following: List A - Level 1 entry (basic entry) List B - Level 2 entry Cheers Udine
Sorry Udine, what you mean level 1 and level 2?
  • #27,690
  • Mar 14, 2015 4:45am Mar 14, 2015 4:45am
Quoting diallist
{quote} Looks like your chart is ready to trade! Well done. Although, you might want to reconsider adding the M-candle to the main chart. It makes it easier to see the first M30 of the hour from the second M30 of the hour. Your choice. Here is a chart showing exactly what a "change" is. {image}
Hello Dial,Good morning all,We set pending ordem only when the second m30 candle (h1 candle) is about to close? Or whatever?
  • #27,691
  • Mar 14, 2015 6:14am Mar 14, 2015 6:14am
Quoting diallist
{quote} Looks like your chart is ready to trade! Well done. Although, you might want to reconsider adding the M-candle to the main chart. It makes it easier to see the first M30 of the hour from the second M30 of the hour. Your choice. Here is a chart showing exactly what a "change" is. {image}

thanks dial

its clear now
  • #27,692
  • Mar 14, 2015 6:39am Mar 14, 2015 6:39am
Finally i got it.
I understand how it works, i really needed to do these experiments, to be clear on the operation of the strategy, after thousands of tests i have the perfect mix who it is practically identical to the original, success rate of +90% (ts 30), avg 6 trades x day x pair (3 if i sleep)
05 Levels
M30 (open at end of m30 candle, close pending after 25 min)
Only frist D1 and H1 color changes (GR-GG-PENDING ORDER TO BUY NEXT 05 LEVEL)
and the obvious, dont trade red news and big candles.
I will test it all next weekend, and after in a real account.
Attached Image

For this weeeknd i test 1 Month for 6 Forex Majors pairs to have more stats
I would like to know the opinion of Udine
  • #27,693
  • Mar 14, 2015 6:54am Mar 14, 2015 6:54am
Quoting RoneyFX
Finally i got it. I understand how it works, i really needed to do these experiments, to be clear on the operation of the strategy, after thousands of tests i have the perfect mix who it is practically identical to the original, success rate of +90% (ts 30), avg 6 trades x day x pair (3 if i sleep) 05 Levels M30 (open at end of m30 candle, close pending after 25 min) Only frist D1 and H1 color changes (GR-GG-PENDING ORDER TO BUY NEXT 05 LEVEL) and the obvious, dont trade red news and big candles. I will test it all next weekend, and after in a real...
@RoneyFX

May I suggest, from ample experience with this system, the following pairs for you to backtest ?

AUDJPY
AUDCAD
AUDUSD
CADJPY
EURJPY
EURUSD
GBPJPY
GBPUSD
NZDJPY
NZDUSD
USDCAD
USDJPY

These pairs have relatively low spreads, decent ADR, not "too volatile" to trade 050 and 100 levels, are a nice "mix" to be able to trade all sessions (i.e. AUD, JPY during Asian session), ...

Good luck and let us know how you get on with your backtest ?

LuXing
Wisdom begins in wonder
  • #27,694
  • Mar 14, 2015 7:06am Mar 14, 2015 7:06am
Quoting diallist
@Udine Udine, in the attached image, would the blue box represent a color change or no? If so, then the green line would be the pending order. I'm not sure if the M30 candle itself is something that is to be watched for a color change. Are the components to be watched for a color change in List A or List B? List A ASH (30) PriceToOpen(60) PriceToOpen(1440) or List B M30 Candle ASH (30) PriceToOpen(60) PriceToOpen(1440) Thanks Dial {image}
I was also looking for something like this, to expand a bit on the "basic" entry.

But i think i would only enter the trade in the case of "List B", if the candle engulfs the previous one like in your exemple.

Asmodai
  • #27,695
  • Mar 14, 2015 7:47am Mar 14, 2015 7:47am
Quoting LuXing
{quote} @RoneyFX May I suggest, from ample experience with this system, the following pairs for you to backtest ? AUDJPY AUDCAD AUDUSD CADJPY EURJPY EURUSD GBPJPY GBPUSD NZDJPY NZDUSD USDCAD USDJPY These pairs have relatively low spreads, decent ADR, not "too volatile" to trade 050 and 100 levels, are a nice "mix" to be able to trade all sessions (i.e. AUD, JPY during Asian session), ... Good luck and let us know how you get on with your backtest ? LuXing
I decide to trade only 6 forex major and an additional gbp/??? because if you see all /JPY charts tje movements are very similar, and if jpy has a big movement all pairs will follow it and the final result is entering in a trade with only a bigger lot, just confront the charts and see how they are similar. When i finish i will post all P/L ratio for each pair

@Asmodai
Yes, personally i think is the best and only entry to use
  • #27,696
  • Mar 14, 2015 11:04am Mar 14, 2015 11:04am
Hi, Was checking my template,
Isnt the #PriceToOpen indi set to 1440 giving the same information than AnyCandle set to D1?? the cleaner the better, just to be sure
  • #27,697
  • Mar 14, 2015 11:32am Mar 14, 2015 11:32am
I did a full test of a month on eur / usd and it took me hours, on the other currencies i made less the result seems to be always the same. I have not looked at the calendar(but i skip high moves like 5+ 05levels). The final ratio is exactly 80%.
eurusd 82W 17L (every 8wins 2 loss)
Remember that it is done for all 24 hours of the day, working hours and the human factor will not guarantee this ratio.
Daily objective per max 8 hours of working
2.5% - 2.5% risk < 2 Trades
5% - 2.5% risk <4 Trades
5% - 5% risk <2 Trades
10% - 5% risk <4 Trades
Never see 2 consecutive losses in this month, the worst scenario is this for eur/usd:
Attached Image

I recommend you do these tests
I developed a kind of sixth sense, i do not know how but a few times i was sure he was taking the TP, happened especially when the graph was huge and there were many visible lines, i acquired one months of experience in these hours
Next step is 1 week on demo
  • #27,698
  • Mar 14, 2015 12:04pm Mar 14, 2015 12:04pm
Quoting RoneyFX
Finally i got it. I understand how it works, i really needed to do these experiments, to be clear on the operation of the strategy, after thousands of tests i have the perfect mix who it is practically identical to the original, success rate of +90% (ts 30), avg 6 trades x day x pair (3 if i sleep) 05 Levels M30 (open at end of m30 candle, close pending after 25 min) Only frist D1 and H1 color changes (GR-GG-PENDING ORDER TO BUY NEXT 05 LEVEL) and the obvious, dont trade red news and big candles. I will test it all next weekend, and after in a real...
Excellent work Roney! You are doing what everyone needs to do. You set a good example for all of us.

I have two questions:

1) Does ts30 mean you are setting the WheelBarrel trailing stop to 30 instead of 35?

2) Are you not using ASH? In other words, are you using purely D1 and H1?

Thanks again for the example you set.

Dial

P.S. Not bad for a "young" guy.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #27,699
  • Mar 14, 2015 12:11pm Mar 14, 2015 12:11pm
Quoting wernerfukuma
{quote} Hello Dial,Good morning all,We set pending ordem only when the second m30 candle (h1 candle) is about to close? Or whatever?
Hi werner,

I was just expressing my personal preference to have Mcandle on the main chart. Since either the first or second M30 candles within an hour can be traded, the Mcandle on the main chart isn't really needed.

Look at my post 27690, and you'll see one trade on the first M30 and the other trade on the second M30 candle.

I don't know about "Or whatever?" because I don't have an indicator for that, sorry.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #27,700
  • Mar 14, 2015 12:23pm Mar 14, 2015 12:23pm
Quoting Qed
{quote} you should be able to goto "account history" click on the trade and drag it onto the relevant chart Q
And what most people haven't discovered yet is if you drag any trade onto any chart it automatically changes to the correct symbol and shows the trade!
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