Attachments: Daily green/red candle

Daily green/red candle

#1
First Post: Edited Sep 19, 2024 2:23pm Apr 26, 2015 8:08am | Edited Sep 19, 2024 2:23pm

dimdel
Joined Oct 2012 | Status: Trader | 2,561 Posts

Hi
its too easy , no indis, just only 1 rule
follow the color
AND
put pending orders to previus - (last closed candle) - H/L
RR:1/1
TF= D1 or H4 or H8
the MM is up to you

work with 3 ways :
i) in the first green /red candle (the first new green or red color )
or
ii) in every new green/red candle
or
iii) every new color H8 candle

.........................................................................................
examples

i) in the first green /red candle - ( no in all red/green , must be the first color change )

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ii) every candle

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iii) every new color H8 candle

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last try with my filter
starting with 10.000 demo till 1.300.000 in 137 days ( 13.000 % )

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[email protected]

dimdel

#2
Apr 26, 2015 8:38am Apr 26, 2015 8:38am

dimdel
Joined Oct 2012 | Status: Trader | 2,561 Posts

i would like to make a quick backtest and if you are interested to come forward

i have made mine backtest
i have some results good (65-75 profitable win orders)
but i want your help to we go on

few rules
1) a order dont closed till SL or TP
2) when price go to 150 fibo then we have TrSl 140 fibo , so the sl go to entry
3) if a pending order dont open then cancel and we put new pending
4) if we have open order (long) and the next day we have new signal short, we take both ( till SL or TP )

#3
Apr 26, 2015 8:58am Apr 26, 2015 8:58am

dimdel
Joined Oct 2012 | Status: Trader | 2,561 Posts

we must trade the 28 pairs
or
only the 4-6 more profitable?
i would like your Opinion

#4
Edited 9:16am Apr 26, 2015 9:00am | Edited 9:16am

well72
| Joined Apr 2012 | Status: Trader | 110 Posts

Looks interesting... I'm in.
I, too, will begin testing on Monday. I think to take majors and volatile crosses and gold.TP think not take very long.

Greed causes poverty

#5
Apr 26, 2015 9:08am Apr 26, 2015 9:08am

dimdel
Joined Oct 2012 | Status: Trader | 2,561 Posts

my backtest show me only 6 pairs

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i use entry at next candle after new color and order when break H/L
SL= 0.0 FIBO
TP=200 FIBO
R/R = 1/1
MM=5% TOTALY ( so if i have only 3 pairs signals then risk 2% each)

#6
Apr 26, 2015 9:09am Apr 26, 2015 9:09am

dimdel
Joined Oct 2012 | Status: Trader | 2,561 Posts

so i have only 2 signals for tonight
the pending order at 00,01

#7
Apr 26, 2015 9:15am Apr 26, 2015 9:15am

dagoods
Joined Nov 2007 | Status: Trader | 3,060 Posts

Quoting dimdel

Disliked

we must trade the 28 pairs or only the 4-6 more profitable? i would like your Opinion

Ignored

imo this is a solid indication of possible turnaround strategy. imo it ought to be one solid piece of your puzzle only. i think you can combine this idea with other ideas also. for example using this at areas of good solid s/r is a sound strategy. Or if can use some measure of strength in the new direction. CSM in gvcs thread. adx power in aliens thread. line chart breakouts as in sunshines thread. just some ideas. forex factory has many great ideas currently imo. it combining them in a profitable way and being consistent that is the challenge. i'd love to hear other traders weigh in.

#8
Apr 26, 2015 9:17am Apr 26, 2015 9:17am

MathTrader7
Joined Aug 2014 | Status: Trading | 2,163 Posts

Quoting dimdel

Disliked

we must trade the 28 pairs or only the 4-6 more profitable? i would like your Opinion

Ignored

I will write an EA to backtest this idea.

Trading is the hardest way to make easy money...

#9
Apr 26, 2015 9:51am Apr 26, 2015 9:51am

dimdel
Joined Oct 2012 | Status: Trader | 2,561 Posts

Quoting dagoods

Disliked

{quote} imo this is a solid indication of possible turnaround strategy. imo it ought to be one solid piece of your puzzle only. i think you can combine this idea with other ideas also. for example using this at areas of good solid s/r is a sound strategy. Or if can use some measure of strength in the new direction. CSM in gvcs thread. adx power in aliens thread. line chart breakouts as in sunshines thread. just some ideas. forex factory has many great ideas currently imo. it combining them in a profitable way and being consistent that is the challenge....

Ignored

i agree
but
my opinion is
1st you start withs x
if x isnd profitable then you try to find a filter/s
i know there are many many startegys, indicators,etc

but i dont want more stess in my life
i have spend many hours front in pc
end,finito
daily , once a day a look ,for 10-30 minutes
and i am trying with real account-no demo
if dont work then ok
i will let all the profits for you boys

#10
Apr 26, 2015 9:55am Apr 26, 2015 9:55am

dagoods
Joined Nov 2007 | Status: Trader | 3,060 Posts

Quoting dimdel

Disliked

{quote} i agree but my opinion is 1st you start withs x if x isnd profitable then you try to find a filter/s i know there are many many startegys, indicators,etc but i dont want more stess in my life i have spend many hours front in pc end,finito daily , once a day a look ,for 10-30 minutes and i am trying with real account-no demo if dont work then ok i will let all the profits for you boys

Ignored

a set and forget strategy requires something more dynamic imo. you will need additional criterion imo.

#11
Apr 26, 2015 10:05am Apr 26, 2015 10:05am

dimdel
Joined Oct 2012 | Status: Trader | 2,561 Posts

Firstly I have no problem to write anything you want , all of you
if you can to add something to generate profits , i will be very happy

the only thing I ask is to respect all the questions as simple as it is,
and who can answer to answer without showing the post or to say "read all the thread to find the answer"
is simple , you know it then
you can give it or not
thanks
either support this thread either not , its ok for me ,

#12
Apr 26, 2015 10:17am Apr 26, 2015 10:17am

dimdel
Joined Oct 2012 | Status: Trader | 2,561 Posts

Quoting dagoods

Disliked

{quote} a set and forget strategy requires something more dynamic imo. you will need additional criterion imo.

Ignored

I agree with you my friend
, provide practical examples
show a chart with your opinion
i have open my eyes and ears

i dont want complicate things
but i dont excludes until proven profitable

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but i dont like this way

#13
Apr 26, 2015 11:05am Apr 26, 2015 11:05am

4xPIPAHOLIC
Joined Aug 2009 | Status: Trader | 2,576 Posts

Good Luck with your thread my friend

#14
Apr 26, 2015 11:25am Apr 26, 2015 11:25am

dimdel
Joined Oct 2012 | Status: Trader | 2,561 Posts

Quoting 4xPIPAHOLIC

Disliked

Good Luck with your thread my friend

Ignored

ευχαριστω-thanks
tell us your opinion

#15
Apr 26, 2015 3:40pm Apr 26, 2015 3:40pm

dimdel
Joined Oct 2012 | Status: Trader | 2,561 Posts

Quoting dkrock

Disliked

You asked for opinions, so here is one. You understand something has happened to price to cause the candle to change color, yes? You cannot see that change on the daily chart, other than the color flickering. If you go to a lower time frame and apply some common sense trading to it, then you do not have to create fantasy stop losses, profit targets, or whatever else you don't know anything about. If you insist on continuing this train of thought and even are considering making an EA, LOL, then the filter should be a lower time frame. For instance,...

Ignored