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Daily green/red candle

  • #441
  • May 15, 2015 5:27pm May 15, 2015 5:27pm
Quoting GoldenEA
{quote} Why?? If I don't have existing trade in the direction, why I can't trade with long if both green or shor if both are red?
Because we discuss dimdel system here and all the rules are in the first his post.
You sure can trade when both candles are the same color but this will be your new system.
  • #442
  • May 15, 2015 5:36pm May 15, 2015 5:36pm
Quoting GoldenEA
{quote} Why?? If I don't have existing trade in the direction, why I can't trade with long if both green or shor if both are red?
You can trade long if you have two consecutive green candles, or short if you have two consecutive red candles. It just won't be per the rules. You might want to run demos with the original strategy and your own version, to see which performs best.
  • #443
  • May 15, 2015 6:25pm May 15, 2015 6:25pm
Quoting ChicagoRob
Green/Red after two weeks. Flat with no floating trades for the weekend. Looking very solid, so far. {image}
  • #444
  • May 15, 2015 8:19pm May 15, 2015 8:19pm
Quoting amirrh
{quote} Dear Dimdel, Thank you for sharing your thoughts with others. Some questions after read all thread: 1- you did n't mentioned what time zone you consider as daily candle open and close.
New York 5 pm close daily candles give one true 24-hour session’s worth of data.

New York close candles open when the Sydney markets open and close when the New York financial market closes so one daily candle is a true representation of what happened during the official Forex session. It is the most logical time frame to base your trading decisions on.

NYC brokers give 5 daily candles per week, with no weekend / Sunday candles. This synchronizes your candlesticks with the real opening and closing times of the major financial markets around the world and does provide an edge.
It takes a lot for me to IGNORE you, but you can try.
  • #445
  • May 16, 2015 7:12am May 16, 2015 7:12am
Chicago Rob are you using an EA to trade this strategy? If so where is it in this thread? Thanks in advance )))
  • #446
  • May 16, 2015 7:58am May 16, 2015 7:58am
Quoting sheppy
Chicago Rob are you using an EA to trade this strategy? If so where is it in this thread? Thanks in advance )))
All manual. The rules are very simple - anyone can trade this strategy. No need for an EA, especially when it's based on daily bars. Follow the rules and set your risk to no more than 2% per trade.
  • #447
  • May 16, 2015 8:22am May 16, 2015 8:22am
Indeed the rules are as simple as one can wish - If this works in the long run I will laugh out really loud about all the unnecessary reading, learning, analysis&stress I did in the past...^^
  • #448
  • May 16, 2015 8:37am May 16, 2015 8:37am
This is a daily system and the long run for such systems is at least 5 years, not 6 months. So to test it we need EA.

I've made one and sent it to dimdel. So when he check it and if it works according to the rules he maybe posts it here. And maybe not.
  • #449
  • May 16, 2015 8:42am May 16, 2015 8:42am
I have tested the system with several years of data, the results show ~50% in the long term.

It needs some filters.
  • #450
  • May 16, 2015 9:38am May 16, 2015 9:38am
Quoting Dezil
This is a daily system and the long run for such systems is at least 5 years, not 6 months. So to test it we need EA. I've made one and sent it to dimdel. So when he check it and if it works according to the rules he maybe posts it here. And maybe not.
TP for the system works with fibs. How does the TP work in your EA?
  • #451
  • May 16, 2015 9:45am May 16, 2015 9:45am
Quoting ChicagoRob
{quote} TP for the system works with fibs. How does the TP work in your EA?
You can call it fibs, but in fact its nothing more then percents, Fib 200 means 200% when SL=TP or RR 1/1, 140 fib is 40% of the way to TP.
  • #452
  • May 16, 2015 10:11am May 16, 2015 10:11am
Quoting Dezil
{quote} You can call it fibs, but in fact its nothing more then percents, Fib 200 means 200% when SL=TP or RR 1/1, 140 fib is 40% of the way to TP.
Good - wanted to make sure it is based on percentage, because a hard TP based on pips isn't going to cut it.
  • #453
  • May 16, 2015 10:16am May 16, 2015 10:16am
Quoting ChicagoRob
{quote} TP for the system works with fibs. How does the TP work in your EA?
to be more profitable I think we need to avoid pairs in consolidated stage.
  • #454
  • May 16, 2015 10:50am May 16, 2015 10:50am
manually back tested for EURUSD from 1st Jan 2015 till date....total pips of 1917...

Only one addtional rule-- cut loss if last candle closes in opposite color...
  • #455
  • May 16, 2015 11:38am May 16, 2015 11:38am
Quoting sdatta
manually back tested for EURUSD from 1st Jan 2015 till date....total pips of 1917... Only one addtional rule-- cut loss if last candle closes in opposite color...
Yes it works from Jan 2015 but here is the test with your additional rule from 2008
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.gif Size: 19 KB
  • #456
  • May 16, 2015 11:54am May 16, 2015 11:54am
ALL I care about is NOW - It is working for me and others right NOW. To Heck with backtest. They don't mean a darn thing. Remember this quote "Past performance is no guarantee of future results". That is a truism.
  • #457
  • May 16, 2015 12:06pm May 16, 2015 12:06pm
Remember this quote "Current performance is no guarantee of future results".

I trade on daily from 2010 with real money in fully automated mode (by EAs). So i know what i'm talking about.
  • #458
  • May 16, 2015 12:17pm May 16, 2015 12:17pm
a little patience please
i am working Dezil EA

and i want thank him for his offer

is Dezil Decision if he want to post it or no
from me problem
now
i will post my backtest when i finish
the first view isnt good but i am trying to find the best combination
will see....
i need time

thanks again Dezil
  • #459
  • May 16, 2015 12:23pm May 16, 2015 12:23pm
Quoting dimdel
a little patience please i am working Dezil EA and i want thank him for his offer is Dezil Decision if he want to post it or no from me problem now i will post my backtest when i finish the first view isnt good but i am trying to find the best combination will see.... i need time thanks again Dezil
Hi, Dimos.
Does my EA trade according to the rules? If yes, I will post it here
  • #460
  • May 16, 2015 12:29pm May 16, 2015 12:29pm
Quoting Dezil
{quote} Hi, Dimos. Does my EA trade according to the rules? If yes, I will post it here
yes
is accordinh to the rules
only one think i cant see

when the pending order will cancel

i mean if i have pending long and the price dont break the H all the next day , then the previus order must cancel

if you want to post a chart for clarify it

thanks Dezil
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