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Daily green/red candle

  • #221
  • May 8, 2015 2:28pm May 8, 2015 2:28pm
Quoting Motiram
{quote} Hello dimdel, would you mind sharing the Fibo Indicator you are using in your strategy Thanks And Regards, Moti {image}
hi motiram

post 69 and you will see it
  • #222
  • May 8, 2015 3:14pm May 8, 2015 3:14pm
Quoting dimdel
{quote} hi motiram post 69 and you will see it
Thank you dimdel, got it

Regards
Moti
  • #223
  • May 8, 2015 3:50pm May 8, 2015 3:50pm
tonight orders


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  • #224
  • May 8, 2015 5:12pm May 8, 2015 5:12pm
Dimdel, correct me if i'm wrong.
You have BUY order but no TP hit and the next candle is Red.
You holding BUY order until TP or SL hit and at the same time you set pending SELL order.
Is that hedging or something?
In my case if i have new candle in opposite direction to my trade i'm closing this trade and set new pending order with the direction of new candle.
Which method could be better, how do you think?
  • #225
  • May 8, 2015 5:22pm May 8, 2015 5:22pm
Bravo Dimdel , love the simplicity of this your system. Did not have the time to really test it, been very busy
this week but what I would test is to take trades only in the direction of the current weekly candle.... the hit hate should be higher
  • #226
  • May 9, 2015 12:04am May 9, 2015 12:04am
Quoting laksior
Dimdel, correct me if i'm wrong. You have BUY order but no TP hit and the next candle is Red. You holding BUY order until TP or SL hit and at the same time you set pending SELL order. Is that hedging or something? In my case if i have new candle in opposite direction to my trade i'm closing this trade and set new pending order with the direction of new candle. Which method could be better, how do you think?
goodmorning from greece

well my friend
if a order activate then let it go to SL or TP
SP or TP can be hit after 1 day or after 10 days
we dont care
if meanwhile we have new orders long or short we take all the new orders
  • #227
  • May 9, 2015 12:09am May 9, 2015 12:09am
Quoting 4xPIPAHOLIC
Bravo Dimdel , love the simplicity of this your system. Did not have the time to really test it, been very busy this week but what I would test is to take trades only in the direction of the current weekly candle.... the hit hate should be higher
hi 4xpip
thanks

Look with attention and add your knowledge.
  • #228
  • May 9, 2015 2:50am May 9, 2015 2:50am
Quoting dimdel
{quote} goodmorning from greece well my friend if a order activate then let it go to SL or TP SP or TP can be hit after 1 day or after 10 days we dont care if meanwhile we have new orders long or short we take all the new orders
Thanx for your answer
  • #229
  • May 9, 2015 3:43am May 9, 2015 3:43am
Quoting dimdel
{quote} hi lapozi USDCHF when price go to 150 fib the SL= to entry ( by the rules) but if you want to lock your profits is good idea
I closed mine at 161.8 Fib. Hit and bounce off before market closed.

Have a good weekend ahead, guys.
  • #230
  • May 9, 2015 8:13am May 9, 2015 8:13am
i find alot of the time it does hit the 150 fib ( if the trade is going in the right direction) what i tend to do now is say its 100 pips to the 150 fib i put a t/s of 50 pips,would rather lock in 0.12.5% than go back down to breakeven.

0.12.5% doesnt sound alot but im looking at alot of pairs that im trading with this system for instance this monday 11/5 i have identifyed 12 pairs to trade with the original rules i still have trades still open from fridays session aswell plus there are a couple that are at s/r leverls that ill put pending orders on even though they may have 3 or 4 green/red days.
  • #231
  • May 9, 2015 3:52pm May 9, 2015 3:52pm
Quoting ChicagoRob
{quote} These are the results for the first week I've been trading the strategy. Profit factor is high and I can't complain about the 1% DD. I expect my results to improve even more, as I get more price-action experience under my belt. {image}
hi chicago
apologize I did not see your post before
your result is very good
i hope is live...
  • #232
  • May 9, 2015 3:57pm May 9, 2015 3:57pm
Quoting lifeismine
i find alot of the time it does hit the 150 fib ( if the trade is going in the right direction) what i tend to do now is say its 100 pips to the 150 fib i put a t/s of 50 pips,would rather lock in 0.12.5% than go back down to breakeven. 0.12.5% doesnt sound alot but im looking at alot of pairs that im trading with this system for instance this monday 11/5 i have identifyed 12 pairs to trade with the original rules i still have trades still open from fridays session aswell plus there are a couple that are at s/r leverls that ill put pending orders...
I currently have three demos running. I posted the one-week results for the first demo in a prior post. My second demo uses the signal candle high/low for the SL, and 161.8 fib for TP. The third will employ your 50-pip TS. I'm also trading 12 pairs.
  • #233
  • May 9, 2015 3:59pm May 9, 2015 3:59pm
Quoting dimdel
{quote} hi chicago apologize I did not see your post before your result is very good i hope is live...
Not live, yet, but I will be soon. I need a couple more weeks' results, first.
  • #234
  • May 9, 2015 4:00pm May 9, 2015 4:00pm
Quoting lifeismine
i find alot of the time it does hit the 150 fib ( if the trade is going in the right direction) what i tend to do now is say its 100 pips to the 150 fib i put a t/s of 50 pips,would rather lock in 0.12.5% than go back down to breakeven. 0.12.5% doesnt sound alot but im looking at alot of pairs that im trading with this system for instance this monday 11/5 i have identifyed 12 pairs to trade with the original rules i still have trades still open from fridays session aswell plus there are a couple that are at s/r leverls that ill put pending orders...

hi life...
anything work for you its ok
but as far as I am concerned i put TrSl 140 fib
  • #235
  • May 9, 2015 4:06pm May 9, 2015 4:06pm
Quoting ChicagoRob
{quote} I currently have three demos running. I posted the one-week results for the first demo in a prior post. My second demo uses the signal candle high/low for the SL, and 161.8 fib for TP. The third will employ your 50-pip TS. I'm also trading 12 pairs.
very very well my friend
your result will help me and us
thanks

my result / live / you can see it
but i am not sure about the specifically pairs
i need team work for good and quickly results
  • #236
  • May 10, 2015 10:48am May 10, 2015 10:48am
I'll also try this system soon looks goo, but will only trade in direction of current trend.
  • #237
  • May 10, 2015 2:13pm May 10, 2015 2:13pm
hi to all

where we are winners?
front of screen or here?

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so only daily
  • #238
  • May 10, 2015 4:42pm May 10, 2015 4:42pm
Quoting MathTrader7
{quote} I fixed the bug. Please try the attached version. {file}
MathTrader are you using this to trade and forward test, or was it solely for back testing purposes?. This being a pretty cut and dry logic with some basic options, seems would ideal as an EA.
  • #239
  • May 10, 2015 4:44pm May 10, 2015 4:44pm
post 224 my current orders
  • #240
  • May 10, 2015 4:57pm May 10, 2015 4:57pm
Quoting sdoppke
{quote} MathTrader are you using this to trade and forward test, or was it solely for back testing purposes?. This being a pretty cut and dry logic with some basic options, seems would ideal as an EA.
I do not use the EA for live trading, I just created this basic version to evaluate the strategy in backtesting.
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