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Daily green/red candle

  • #21
  • Apr 27, 2015 12:53am Apr 27, 2015 12:53am
Go on Dimos!!

Quoting dimdel
but i will try with my setup {image}
  • #22
  • Apr 27, 2015 2:25am Apr 27, 2015 2:25am
Quoting dimdel
but i will try with my setup {image}
I m happy to see dt u ve started ur thread.

Great!

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #23
  • Apr 27, 2015 2:38am Apr 27, 2015 2:38am
Quoting dimdel
HI we will make a try with the follow idea a method for me must have 1=entry signal 2= SL 3= TP 4=MM the way ( not mine) we see the daily candle if we see change color then we put the order in the direction the new color {image} (1=ENTER ) we put the order A) at the new open candle or B) when breakout the H/L ( previus candle {image} 2)=SL we can use 2 ways SL i=stable 100pips or ii=the other candle side {image} (3=TP) s) 50 pip stable or ss) 200 fibo with TrSl 150 fibo {image}
When do u trade open of a new candle or break of precious candle high or low?
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #24
  • Apr 27, 2015 5:14am Apr 27, 2015 5:14am
Hallo to everyone.

I have tested this strategy with this setup: open +/- 20 pips far away from the close of the previous candle. SL 100 pips. TP 50 pips. TL 25 pips.

I have gained, but I have also losted much.

Today, monday 27/04/2015, I didnīt open any operation because I have another trades in lost.

With this rules, only observing the charts, upon 28 pairs, 22 are in lost and 6 in little gain. Too much.

This strategy is good because donīt need much time, it is style "set and forget" but is a disaster in side market, with candles continuosly changing color every day. . In my opinion it needs more filters as price action and fibonacci with a look to the weekly candle.
  • #25
  • Apr 27, 2015 5:42am Apr 27, 2015 5:42am
Only scalpers love side ranging markets, trading the up and down action of the sideways channel. Learn to recognize a sideways market and then move on to another. Or you can mark the top and bottom range with vertical trend lines and wait for a break. Simple really.
  • #26
  • Apr 27, 2015 6:15am Apr 27, 2015 6:15am
hi to all

see post 6
only 6 pairs the backtest give me profits 68% average each pairs
but with breakout the H/L
  • #27
  • Apr 27, 2015 6:25am Apr 27, 2015 6:25am
if someone cant wait once the day to put orders
and want action


try this
test it
SL 20 / TP 20
08.00-18.00
TAKE ALL THE CROSS ORDERS

Attached Image (click to enlarge)
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  • #28
  • Apr 27, 2015 6:34am Apr 27, 2015 6:34am
please dont ask me to send you thiis indicator
is too complicate
  • #29
  • Apr 27, 2015 6:37am Apr 27, 2015 6:37am
Quoting dimdel
if someone cant wait once the day to put orders and want action try this test it SL 20 / TP 20 08.00-18.00 TAKE ALL THE CROSS ORDERS {image}
how do we test it and try it if you dont share the indicator?
  • #30
  • Apr 27, 2015 6:39am Apr 27, 2015 6:39am
Quoting mario777
{quote} how do we test it and try it if you dont share the indicator?
mario do you eant to send you the macd?
  • #31
  • Apr 27, 2015 6:41am Apr 27, 2015 6:41am
Quoting MathTrader7
{quote} I will write an EA to backtest this idea.
hi mathTrader7
yes you can help if you have the will
i would appreciate

and sorry if sometimes late to answer
  • #32
  • Apr 27, 2015 6:52am Apr 27, 2015 6:52am
Quoting dimdel
{quote} hi mathTrader7 yes you can help if you have the will i would appreciate and sorry if sometimes late to answer
Hi dimdel, I will implement the strategy tonight, run it on a few currency pairs, and then post the results here. This way we would have an overview of the strategy in the long run.
Good luck!
Trading is the hardest way to make easy money...
  • #33
  • Apr 27, 2015 6:57am Apr 27, 2015 6:57am
Quoting MathTrader7
{quote} Hi dimdel, I will implement the strategy tonight, run it on a few currency pairs, and then post the results here. This way we would have an overview of the strategy in the long run. Good luck!
if you do it
i will send you a bottle by 1991 red wine ( mine)
  • #34
  • Apr 27, 2015 7:10am Apr 27, 2015 7:10am
i dont want to comfuse the people

I suggest and i use
daily trading ( once a day only 10-20 minutes )

BUT

if someone have much time to spend in pc then during the day can scalp with post 28 setup , simultaneously with daily method

anyway follow that everyone wants or none of 2
  • #35
  • Apr 27, 2015 9:36am Apr 27, 2015 9:36am
EXAMPLE HOW I PUT THE LOT ACCORDING THE sl

the only thing is to put the risk number and the amount

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  • #36
  • Apr 27, 2015 9:41am Apr 27, 2015 9:41am
error
6% / 4 pairs = 1,5% each pair ( i wrote 1,54 )
  • #37
  • Apr 27, 2015 9:54am Apr 27, 2015 9:54am
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  • #38
  • Apr 27, 2015 10:12am Apr 27, 2015 10:12am
Quoting dimdel
or with this {image}
You need more indicators
  • #39
  • Apr 27, 2015 10:32am Apr 27, 2015 10:32am
Quoting ChicagoRob
{quote} You need more indicators
its fantastic
like nasa.........
  • #40
  • Apr 27, 2015 11:34am Apr 27, 2015 11:34am
Quoting Opemipo
{quote} When do u trade open of a new candle or break of precious candle high or low?

hi friend

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