Daily green/red candle | Page 20 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

need simple indicator for Daily green/red candle 2 replies

MT4 candle-by-candle manual backtesting 9 replies

How to make EA that send Open Price of Candle for every new candle 5 replies

Day's first H4 candle correlation to daily candle 14 replies

Correlation between first 4 hour candle and daily candle 1 reply

Attachments: Daily green/red candle
Exit Attachments

Daily green/red candle

  • #381
  • May 14, 2015 8:38am May 14, 2015 8:38am
Quoting ChicagoRob
{quote} If you follow the rules of trading each color change for a given pair, you will, in many cases, end up hedging your position.
Yes, but question is, if it is bad. Because it is only sometime. Dimdel did it but we don't know if he does it everytime.
  • #382
  • May 14, 2015 8:45am May 14, 2015 8:45am
Quoting dafa
{quote} Yes, but question is, if it is bad. Because it is only sometime. Dimdel did it but we don't know if he does it everytime.
If I am not mistaken, I've read somewhere by dimdel that his trades are closed either by TP or SL.
Which means he does not close them manually. No manual intervention.
And he takes every new opportunity.
I stand to be corrected.
  • #383
  • May 14, 2015 9:34am May 14, 2015 9:34am
This is very similar to a system I have been trading with great success recently. It is amazingly simple; my version doesn't use Fib levels, instead I enter simply on a break of a new colored candle High/Low. SL is set beyond most recent swing, stop to BE after 50 pips, TP is 3xATR.

The addition of Fibo entries and exits per Dimdel's system is interesting, and I'm certainly subscribed and testing the EA. Regarding the EA, is there any way to get it to cancel orders once they become invalidated? I have been canceling them manually.
  • #384
  • May 14, 2015 10:04am May 14, 2015 10:04am
Quoting Justin
{quote} If I am not mistaken, I've read somewhere by dimdel that his trades are closed either by TP or SL. Which means he does not close them manually. No manual intervention. And he takes every new opportunity. I stand to be corrected.
exactly jlustin

i take the new order till SL or TP
and maybe can have short+long+short+pending long
i dont see the previus order to close it
is hedge? i put different lot , so in hedging must have same lot think
anyway i dont care because i dont do hedge
  • #385
  • May 14, 2015 10:06am May 14, 2015 10:06am
maybe i do but it isnt My intention
  • #386
  • May 14, 2015 10:35am May 14, 2015 10:35am
Quoting dimdel
maybe i do but it isnt My intention
Now I found that MATH7 EA works different. It place pending orders on both side of candle and waits if price break one or second direction. It's not original rule, right? You place pending orders only in direction of previous candle if I am right.
  • #387
  • May 14, 2015 12:12pm May 14, 2015 12:12pm
Quoting dafa
{quote} Now I found that MATH7 EA works different. It place pending orders on both side of candle and waits if price break one or second direction. It's not original rule, right? You place pending orders only in direction of previous candle if I am right.
The rule is that the trade must be in the direction of the new color candle.
  • #388
  • May 14, 2015 1:48pm May 14, 2015 1:48pm
Quoting ChicagoRob
{quote} If you follow the rules of trading each color change for a given pair, you will, in many cases, end up hedging your position.
So in the US we can't trade exactly the way Dimdel or other non-US traders can and our results will be different. They can still be very good just different.
I still like this system and it is the only one that, if followed, I can make money with. But I can't hedge due to the idiots in Washington and their rules to benefit the big boys. IMHO
  • #389
  • May 14, 2015 2:02pm May 14, 2015 2:02pm
Quoting tomthepoppop
{quote}So in the US we can't trade exactly the way Dimdel or other non-US traders can and our results will be different. They can still be very good just different. I still like this system and it is the only one that, if followed, I can make money with. But I can't hedge due to the idiots in Washington and their rules to benefit the big boys. IMHO
You are correct. If I'm in a trade, I don't hedge my position when candle color changes. I've done well with this strategy without hedging,
so it shouldn't be a problem.
  • #390
  • May 14, 2015 2:03pm May 14, 2015 2:03pm
Quoting tomthepoppop
{quote}So in the US we can't trade exactly the way Dimdel or other non-US traders can and our results will be different. They can still be very good just different. I still like this system and it is the only one that, if followed, I can make money with. But I can't hedge due to the idiots in Washington and their rules to benefit the big boys. IMHO

hi tom

the hedge way appears when the pair start consolidation
because you will have quickly different colors without close the order
so
if you put a filter and you know when you are in trend then you dont will have hedge way
but if you can know this then will be millionare
  • #391
  • May 14, 2015 4:10pm May 14, 2015 4:10pm
tonight
you can see the pairs in trade explorel

its very easy no need chart
  • #392
  • May 14, 2015 4:58pm May 14, 2015 4:58pm
Quoting dimdel
tonight you can see the pairs in trade explorel its very easy no need chart
Some good prospects there I reckon, but the daily pin bar doesn't look good for your GBP-NZD sell from day before

Happy Friday to all
It takes a lot for me to IGNORE you, but you can try.
  • #393
  • May 14, 2015 6:46pm May 14, 2015 6:46pm
Hi dimdel
How do you increase your % profit so quickly only risking 2%
your profit increases are very large between each of your 54 trades
the system risk to reward is not that large?
thanks in advance
  • #394
  • May 14, 2015 6:48pm May 14, 2015 6:48pm
The rule from the first page: 2) when price go to 150 fibo then we have TrSl 140 fibo , so the sl goes to entry

What does that mean? When price goes to 150 Fibonacci we move sl to BE? What is TrSl 140 then?
I'm trying to make EA
  • #395
  • May 14, 2015 6:53pm May 14, 2015 6:53pm
Quoting gaztrader29
Hi dimdel How do you increase your % profit so quickly only risking 2% your profit increases are very large between each of your 54 trades the system risk to reward is not that large? thanks in advance
Yes I have the same question. How come his losses are so much smaller than his wins if SL is at the end of candle and TP is 200 fib?
  • #396
  • May 14, 2015 10:55pm May 14, 2015 10:55pm
Quoting Dezil
The rule from the first page: 2) when price go to 150 fibo then we have TrSl 140 fibo , so the sl goes to entry What does that mean? When price goes to 150 Fibonacci we move sl to BE? What is TrSl 140 then? I'm trying to make EA

hi dezil

exactly

when price go to 140fib then SL move to BE
  • #397
  • May 14, 2015 11:15pm May 14, 2015 11:15pm
As a little thank you to dimdel - maybe useful to others as well...

Fib is centered on prev day open on all timeframes, accommodates up / down candle automatically and fib line style can be chosen.... and no more lines all over the chart...

Cheers / Mop
Attached File(s)
File Type: ex4 DailyRedGreenFibs.ex4   10 KB | 1,160 downloads
  • #398
  • May 14, 2015 11:29pm May 14, 2015 11:29pm
Quoting mobthehop
As a little thank you to dimdel - maybe useful to others as well... Fib is centered on prev day open on all timeframes, accommodates up / down candle automatically and fib line style can be chosen.... and no more lines all over the chart... Cheers / Mop {file}
THANKS MOB

put the fibo at any new candle in direction previus color
this is ok
  • #399
  • May 14, 2015 11:30pm May 14, 2015 11:30pm
Hi dimdel
How do you increase your % profit so quickly only risking 2%
your profit increases are very large between each of your 54 trades
the system risk to reward is not that large?
thanks in advance
  • #400
  • May 14, 2015 11:35pm May 14, 2015 11:35pm
dimdel are you trading with 15 pairs?
do you have ones that are more profitable then the others?
1 trader viewing now