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Daily green/red candle

  • #641
  • May 21, 2015 12:06am May 21, 2015 12:06am
anyone who trade all pairs?
what results have
thanks
  • #642
  • May 21, 2015 1:48am May 21, 2015 1:48am
Quoting dimdel
anyone who trade all pairs? what results have thanks
Looks very bad today, all pairs wrong way now, maybe London can change that

GBPNZD came within 0.00004 of the 100 pips stop, and that has 5 to 6 pip spread

Attached Image (click to enlarge)
Click to Enlarge Name: 21-05-2015 4-43-29 PM.png Size: 105 KB
It takes a lot for me to IGNORE you, but you can try.
  • #643
  • May 21, 2015 1:54am May 21, 2015 1:54am
Quoting dimdel
i want to tell how you can lose very easy if forget to move the pending order {image}
simply add expiration with every order and be stress free. I use next date and 00.01 time in every order.
  • #644
  • May 21, 2015 1:58am May 21, 2015 1:58am
Quoting Erebus
{quote} Looks very bad today, all pairs wrong way now, maybe London can change that GBPNZD came within 0.00004 of the 100 pips stop, and that has 5 to 6 pip spread {image}
hi ereb
why have M1 view , do you want to see the internal movement?
  • #645
  • May 21, 2015 2:04am May 21, 2015 2:04am
13 pairs to many dispersion

i prefer till 6 pairs max a day

till now every week i am positive, each day maybe have different personality
but the week is important to be ( + )
  • #646
  • May 21, 2015 2:29am May 21, 2015 2:29am
Quoting dimdel
{quote} hi erebus why have M1 view , do you want to see the internal movement?
Yes, it is to show price near the stop loss, did you not read the post about nearly being stopped out?

The arrow is pointing to show how close it came to the stop loss; of course I don't watch 1 M charts

That's all, thought it might be interesting
It takes a lot for me to IGNORE you, but you can try.
  • #647
  • May 21, 2015 2:32am May 21, 2015 2:32am
Quoting dimdel
13 pairs to many dispersion i prefer till 6 pairs max a day till now every week i am positive, each day maybe have different personality but the week is important to be ( + )
I just take the 13 as a DEMO

If you are trading real, how will you know which are the right 6 to trade?
It takes a lot for me to IGNORE you, but you can try.
  • #648
  • May 21, 2015 2:43am May 21, 2015 2:43am
Quoting Erebus
{quote} I just take the 13 as a DEMO If you are trading real, how will you know which are the right 6 to trade?

hehe
I have done my research
Just kidding

experimenting for my finally 12 and to select max the 6
need still work
  • #649
  • May 21, 2015 3:16am May 21, 2015 3:16am
Hello Everybody,

Some friends are trading 28+ pairs and making a lot of money others are thinking to jump in the race because an EA has made it easier for them to see in a second how many opportunities are there. It is not bad to trade many pairs on demo but very dangerous on live account due to one factor called Currency Correlation.

If you are risking 2% per trade and trading 30 pairs, now total risk is 60%. You may have a good day with 25 opportunities in the morning, you sets pending orders and all orders are triggered (15 long and 10 short) now your risk is 50% (25 x 2%). Suddenly one position hit the SL and other follow him one by one. When you login and see half account balance, check trading history all positions lost and now blame broker, strategy etc.

Correlation has two types one is positive and other is negative. You may be victim of this devil easily if you have bad money management. All pairs are correlated positively or negatively each other. E.g open trading platform and see all pairs at once you will see that some pairs are moving upward and other downward. They are negatively correlated but all upward moving pairs are positively correlated to each other and downward moving pairs are positively correlated to each other.

This strategy is simple so do not add correlation just improve money management. Always trade with good money management that is no matter how many pairs you have (one pair or hundred pairs).
  • #650
  • May 21, 2015 3:45am May 21, 2015 3:45am
Hi dimdel,

Thank you for your strategy. Looks very nice. I`m in, but just change MM rules.
  • #651
  • May 21, 2015 3:47am May 21, 2015 3:47am
I took 8 on a live account managed by THV cave EA for controlling TP, SL & trailing stop
Today is a good day
  • #652
  • May 21, 2015 4:14am May 21, 2015 4:14am
I have been trying to augment the strategy by using Heiken Ashi. It seems that the best results are when HA candle is used for color switch, but then I use the "regular" candle for fib setup. It seems visually better...anyone willing to mod an ea to make a test comparison? I would, but I can cant code to save my life...
Best, Josh
  • #653
  • May 21, 2015 4:26am May 21, 2015 4:26am
Quoting Tjml
Hello Everybody, Some friends are trading 28+ pairs and making a lot of money others are thinking to jump in the race because an EA has made it easier for them to see in a second how many opportunities are there. It is not bad to trade many pairs on demo but very dangerous on live account due to one factor called Currency Correlation. If you are risking 2% per trade and trading 30 pairs, now total risk is 60%. You may have a good day with 25 opportunities in the morning, you sets pending orders and all orders are triggered (15 long and 10 short)...
exactly tjml
the MM is very important ,for this till the strategy give the finally way please attention your real account all of you
  • #654
  • May 21, 2015 4:30am May 21, 2015 4:30am
Hello Dimdel,


what do you do if your trade is opened few days without any clear direction. Mostly time in loss. Do you wait to hit TP or SL or you close it because there isn't any sensible move?

Thanks
  • #655
  • May 21, 2015 4:31am May 21, 2015 4:31am
Quoting slywoox
Hi dimdel, Thank you for your strategy. Looks very nice. I`m in, but just change MM rules.
hi sly

you can try 1/2 RR but with less lot till be sure for the method
if you want to trade with bigest RR then you must apply the trend rules
and see the chart h4/d/w ,
in this case you can have RR 1/4 and more, but
i want play with daily candle momentum and no with market momentum
maybe i am wrong...
  • #656
  • May 21, 2015 4:33am May 21, 2015 4:33am
Quoting JoshuaHope
I have been trying to augment the strategy by using Heiken Ashi. It seems that the best results are when HA candle is used for color switch, but then I use the "regular" candle for fib setup. It seems visually better...anyone willing to mod an ea to make a test comparison? I would, but I can cant code to save my life... Best, Josh

hi losh
the HA is very usefull indic. but cant give the daily candle momentum
need other way use
but try it ........
make some backtest
  • #657
  • May 21, 2015 4:35am May 21, 2015 4:35am
Quoting lunarus
I took 8 on a live account managed by THV cave EA for controlling TP, SL & trailing stop Today is a good day
Yes, it is better since London Open, the trailing stop will help you for sure

5 pair hit Take Profit already @ 50 pips

EURAUD came very close, CHFJPY maybe good too, then if enough profit, time to close the rest
Attached Image (click to enlarge)
Click to Enlarge Name: 21-05-2015 7-28-11 PM.png Size: 184 KB
It takes a lot for me to IGNORE you, but you can try.
  • #658
  • May 21, 2015 4:37am May 21, 2015 4:37am
Quoting dafa
Hello Dimdel, what do you do if your trade is opened few days without any clear direction. Mostly time in loss. Do you wait to hit TP or SL or you close it because there isn't any sensible move? Thanks

i really dont know my friend

most times i let hit TP or SL
because if i start to add more rules , i know my self i will make all sh......
but if you have the feeling that must close, then close , propably you have right
  • #659
  • May 21, 2015 4:41am May 21, 2015 4:41am
I tell my MM rules for this strategy. I open 2 orders for one pair. If my risk is 2% per trade I`m separate 1% for order. First order S/L is High/Low of candle T/P is 150Fb line. 2nd order S/L same High/Low of cande, but for second order I don't use T/P. When first order close, second order S/L I put on non loss zone +5pip. If price touch 200fb line S/L go on 150fb line. Every time S/L line go up till close. Sorry for english.
  • #660
  • May 21, 2015 4:43am May 21, 2015 4:43am
Quoting Erebus
{quote} Yes, it is better since London Open, the trailing stop will help you for sure 5 pair hit Take Profit already @ 50 pips EURAUD came very close, CHFJPY maybe good too, then if enough profit, time to close the rest {image}

ereb you are artist painter
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