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Daily green/red candle

  • #1,061
  • Edited 12:05pm Jun 7, 2015 8:33am | Edited 12:05pm
I've been looking for a filter to use with this method.

I don't want to use a indicator because most of them lag the market.

I've been looking at Fractals and Market Structure for filtering my Trades.

The best thing to, if you are interested, is to put the Fractal Candles on your charts and see how they might help with your Trading.

I've done a 42 month back test on EUR/USD and include the spreadsheet.
Attached Image (click to enlarge)
Click to Enlarge Name: 7th June 15 EUR:USD D1 Chart.png Size: 97 KB
Attached File(s)
File Type: xlsx Fractal Candles Back Tests.xlsx   85 KB | 615 downloads
File Type: ex4 Fractal_Candles_SR_v3.ex4   7 KB | 562 downloads
  • #1,062
  • Jun 7, 2015 8:52am Jun 7, 2015 8:52am
Quoting stevepatt
I've been looking for a filter to use with this method. I don't want to use a indicator because most of them lag the market. I've been looking at Fractals and Market Structure for filtering my Trades. The best thing to, if you are interested, is to put the Fractal Candles on your charts and see how they might help with your Trading. I've done a 30 month back test on EUR/USD and include the spreadsheet. {image} {file} {file}
Thanks Steve. For whatever reason, I am unable to view the file. Can you repost with a different extension, or provide a .jpg?
  • #1,063
  • Jun 7, 2015 9:31am Jun 7, 2015 9:31am
Everyone in this thread, do what ever i say.....

1.Entry and SL is as same as dimdel original stretegy..but
2.BE is 1.75 fibo and
3.TP is 4 fibo

Do your backtest and compare it with the original...
i dont say how good is this..its your (and ours) responsibility to find the best (Thank you dimdel my friend).

my comment (by the way): with original system EURUSD jan gave me negative result -2%, but with this system jan gave me +4%, and yes others month also gave me more profit than original...( i am trade with % MM system, not pips system, i dont care how many pips i loss or win i always see how many +%, Thank you dimdel again).

i am attach a small backtest of EURUSD from jan to now.
in this result i use 1% risk each trade.
( N means NOT TRIGGERED)
Attached File(s)
File Type: xlsx results1.xlsx   11 KB | 430 downloads
  • #1,064
  • Jun 7, 2015 4:17pm Jun 7, 2015 4:17pm
Quoting stevepatt
I've been looking for a filter to use with this method. I don't want to use a indicator because most of them lag the market. I've been looking at Fractals and Market Structure for filtering my Trades. The best thing to, if you are interested, is to put the Fractal Candles on your charts and see how they might help with your Trading. I've done a 42 month back test on EUR/USD and include the spreadsheet. {image} {file} {file}
Excellent Steve, thanks for this backtest showing impressive results.
If it's the same for other pairs, this is great.
As a matter of fact, fractals do have some lag on the market (5 days), but this is a much shorter lag than other indicators.

Another thing I have noticed on the Daily Gree/Red system is: for a day where a signal is not triggered in the direction of the set-up candle, there is often a nice profit opportunity in the opposite direction. Could also be an idea to dig.

Good evening.
Xavier
  • #1,065
  • Jun 7, 2015 4:41pm Jun 7, 2015 4:41pm
Quoting ChicagoRob
{quote} Thanks Steve. For whatever reason, I am unable to view the file. Can you repost with a different extension, or provide a .jpg?
Right click on excel file and click on Properties, and under first (General) tab click on "Unblock"
  • #1,066
  • Jun 7, 2015 4:57pm Jun 7, 2015 4:57pm
Quoting nikz
{quote} Right click on excel file and click on Properties, and under first (General) tab click on "Unblock"
Thanks, nikz - that did the trick.
  • #1,067
  • Jun 7, 2015 7:00pm Jun 7, 2015 7:00pm
Quoting khanridoy
Everyone in this thread, do what ever i say..... 1.Entry and SL is as same as dimdel original stretegy..but 2.BE is 1.75 fibo and 3.TP is 4 fibo Do your backtest and compare it with the original... i dont say how good is this..its your (and ours) responsibility to find the best (Thank you dimdel my friend). my comment (by the way): with original system EURUSD jan gave me negative result -2%, but with this system jan gave me +4%, and yes others month also gave me more profit than original...( i am trade with % MM system, not pips system, i dont care...
Break even is 1.75 fibo?
  • #1,068
  • Jun 7, 2015 8:55pm Jun 7, 2015 8:55pm
Quoting paradoxical
{quote} Break even is 1.75 fibo?
Exactly.
  • #1,069
  • Jun 7, 2015 8:58pm Jun 7, 2015 8:58pm
Quoting khanridoy
{quote} Exactly.
I don't understand. It has to reach there before you can break even there.
  • #1,070
  • Edited 9:44pm Jun 7, 2015 9:08pm | Edited 9:44pm
Quoting paradoxical
{quote} I don't understand. It has to reach there before you can break even there.
Are u check it? dont think,check it first...........
  • #1,071
  • Jun 8, 2015 2:15am Jun 8, 2015 2:15am
Quoting khanridoy
{quote} Are u check it? dont think,check it first...........

be more analytical

post a chart with details

thanks
  • #1,072
  • Jun 8, 2015 2:36am Jun 8, 2015 2:36am
Quoting stevepatt
I've been looking for a filter to use with this method. I don't want to use a indicator because most of them lag the market. I've been looking at Fractals and Market Structure for filtering my Trades. The best thing to, if you are interested, is to put the Fractal Candles on your charts and see how they might help with your Trading. I've done a 42 month back test on EUR/USD and include the spreadsheet. {image} {file} {file}
hi Stevepatt

interesting
i must compare it
  • #1,073
  • Jun 8, 2015 2:43am Jun 8, 2015 2:43am
Quoting dimdel
{quote} be more analytical post a chart with details thanks
What details? how to trade?

see this backtest, not ready... but just idea how good is this.....
(HINT: in GBPUSD red box means sl hit and green box means tp hit)
Attached Image (click to enlarge)
Click to Enlarge Name: test.JPG Size: 35 KB
Attached File(s)
File Type: xlsx results1.xlsx   16 KB | 237 downloads
  • #1,074
  • Jun 8, 2015 2:51am Jun 8, 2015 2:51am
Quoting khanridoy
{quote} What details? how to trade?
make a chart
put (if thera are indicators )
put the fibo
mark the sl/entry/tp/trsl
mark a range area and give your signals

also i dont know what you mean 1.75 fib
please clarify ( you mean 175% fib?)
thanks
  • #1,075
  • Jun 8, 2015 2:53am Jun 8, 2015 2:53am
Quoting dimdel
{quote} make a chart put (if thera are indicators ) put the fibo mark the sl/entry/tp/trsl mark a range area and give your signals also i dont know what you mean 1.75 fib please clarify ( you mean 175% fib?) thanks
yes yes.....%

175% BE and
400% TP
  • #1,076
  • Jun 8, 2015 2:53am Jun 8, 2015 2:53am
Quoting khanridoy
{quote} What details? how to trade? see this backtest, not ready... but just idea how good is this..... (HINT: in GBPUSD red box means sl hit and green box means tp hit) {image} {file}

you chart is daily?
  • #1,077
  • Jun 8, 2015 2:56am Jun 8, 2015 2:56am
Quoting dimdel
{quote} you chart is daily?
exactly Daily/D1
  • #1,078
  • Jun 8, 2015 3:04am Jun 8, 2015 3:04am
Quoting khanridoy
{quote} exactly Daily/D1
you use the same way but
you have changed the BE and TP

you must test it in range market
take the USDCAD/D1/ 23/1/15-15/4/15
AUDUSD 2/4/14-10/9/14
USDJPY 23/1/14-22/8/14

if is profitable then ok ....have interest
thanks
  • #1,079
  • Jun 8, 2015 3:06am Jun 8, 2015 3:06am
Quoting dimdel
{quote} you use the same way but you have changed the BE and TP you must test it in range market take the USDCAD/D1/ 23/1/15-15/4/15 if is profitable then ok ....have interest thanks
Ok i will do it now.
  • #1,080
  • Edited 5:45am Jun 8, 2015 3:54am | Edited 5:45am
Quoting dimdel
{quote} you use the same way but you have changed the BE and TP you must test it in range market take the USDCAD/D1/ 23/1/15-15/4/15 AUDUSD 2/4/14-10/9/14 USDJPY 23/1/14-22/8/14 if is profitable then ok ....have interest thanks
take the USDCAD/D1/ 23/1/15-15/4/15
still 1% profit

(and full January was awesome)

what do you think?
see the USDCAD tab.....
Attached File(s)
File Type: xlsx results1.xlsx   18 KB | 292 downloads
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