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Daily green/red candle

  • #1,081
  • Jun 8, 2015 4:02am Jun 8, 2015 4:02am
Quoting khanridoy
{quote} 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..... {file}
OK KHAN
now see my post 523 with my way
and compare the two ways results
  • #1,082
  • Edited 5:46am Jun 8, 2015 4:30am | Edited 5:46am
Quoting dimdel
{quote} OK KHAN now see my post 523 with my way and compare the two ways results
yes you have less drawdown from mine and also +3% more profit than mine. i appreciate it....
but what about overall?
from jan 1 to now in USDCAD?
i have +18% profit ...(my bad, there is no running trade)

what about yours?
plz.
  • #1,083
  • Jun 8, 2015 5:12am Jun 8, 2015 5:12am
Quoting khanridoy
{quote} yes you have less drawdown from mine and also +3% more profit than mine. i appreciate it.... but what about overall? from jan 1 to now in USDCAD? i have +15% profit and 1 trade in running in profit...(if it hit tp then +18%, but if not then still +15% coz already break even) what about yours? plz.
i will do it after my work
USDCAD D1 1/1/15-31/5/15 5 months
  • #1,084
  • Jun 8, 2015 6:00am Jun 8, 2015 6:00am
Quoting dimdel
{quote} i will do it after my work USDCAD D1 1/1/15-31/5/15 5 months
I made a backtest ,you may test it and tell me if i do a wrong in somewhere or any mistake ....

in my result your system gave me +8%, where my system(its not mine dimdel my friend, its all yours) was +18%(same days)...

i am attach the file..see the USDCAD tab...
Attached File(s)
File Type: xlsx Results.xlsx   12 KB | 293 downloads
  • #1,085
  • Jun 8, 2015 6:05am Jun 8, 2015 6:05am
Quoting khanridoy
{quote} I made a backtest ,you may test it and tell me if i do a wrong in somewhere or any mistake .... in my result your system gave me +8%, where my system(its not mine dimdel my friend, its all yours) was +18%(same days)... i am attach the file..see the USDCAD tab... {file}
Hello, have you tried to use some modification of BE. I think if FIBO is for example 300% move SL from BE to fibo 150%? Thanks
  • #1,086
  • Jun 8, 2015 6:12am Jun 8, 2015 6:12am
Quoting dafa
{quote} Hello, have you tried to use some modification of BE. I think if FIBO is for example 300% move SL from BE to fibo 150%? Thanks
i dont know. but i was taste with many tweek.. 1.with breakeven 2.without breakeven 3. set SL to 0.5% 4.300% tp 5.150% tp and many more...... after doing this i am here... that BE level on 175% and TP level on 400%, rest things is as same as original.
and u are seeing the results.
  • #1,087
  • Jun 8, 2015 6:27am Jun 8, 2015 6:27am
Quoting khanridoy
{quote} i dont know. but i was taste with many tweek.. 1.with breakeven 2.without breakeven 3. set SL to 0.5% 4.300% tp 5.150% tp and many more...... after doing this i am here... that BE level on 175% and TP level on 400%, rest things is as same as original. and u are seeing the results.
OK. Thanks.;-)
  • #1,088
  • Jun 8, 2015 7:27am Jun 8, 2015 7:27am
Quoting dimdel
{quote} i will do it after my work USDCAD D1 1/1/15-31/5/15 5 months
Hi , my backtest on NZD-USD from 1 Jan to 6 Jun , i have follow Dimdel rules with T.p. 200 Fib , and B.E. on 150 fib
Attached File(s)
File Type: xlsx nzd usd test.xlsx   9 KB | 324 downloads
  • #1,089
  • Jun 8, 2015 7:35am Jun 8, 2015 7:35am
Quoting franky779
{quote} Hi , my backtest on NZD-USD from 1 Jan to 6 Jun , i have follow Dimdel rules with T.p. 200 Fib , and B.E. on 150 fib {file}
now test again,but now BE is 175 and TP is 400.
then compare two results.
  • #1,090
  • Jun 8, 2015 7:47am Jun 8, 2015 7:47am
Quoting khanridoy
{quote} now test again,but now BE is 175 and TP is 400. then compare two results.
Break even is to not lose any money on the trade. If the pair goes in your favor by X amount of pips, you move the SL to break even. You can't set a stop loss of 175 pips until that pair has reached and gone beyond 175 pips. I think we need more of an explanation from you of where and when you set a stop loss.
  • #1,091
  • Jun 8, 2015 7:50am Jun 8, 2015 7:50am
Quoting paradoxical
{quote} Break even is to not lose any money on the trade. If the pair goes in your favor by X amount of pips, you move the SL to break even. You can't set a stop loss of 175 pips until that pair has reached and gone beyond 175 pips. I think we need more of an explanation from you of where and when you set a stop loss.
i think you did not read the past comment. lol
175 is not pips. it is fibo level 175% or 1.75% whatever you understand.
like you said "T.p. 200 Fib , and B.E. on 150 fib"
and i am saying that test with "T.p. 400 Fib , and B.E. on 175 fib".

and like i said already.... everything is as same as original, that means Entry on 1 fibo level, SL at 0 fibo level, but BE at 175 or 1.75 fibo level and the TP is 400 or 4.00 fibo level.
  • #1,092
  • Jun 8, 2015 7:58am Jun 8, 2015 7:58am
Quoting khanridoy
{quote} now test again,but now BE is 175 and TP is 400. then compare two results.
Sorry my friend but i'd like to keep risk:reward ratio on 1:1 beacause if is true that a m:m based of 1:1 risk/reward in the long term is always winning is also true that market give us the 1:2 operation with more difficult respect to 1:1 operation , if we use an r:r of 1:2 we 'd like to have a deep drowdown also beacause we often we stay on market with multiple operation from different cross. With R.r 1:1 if the strategy is winning we can use the number of operation to increase the gain.


Example-----> Strategy 60% WIN - 40% LOSS ---- Stop Loss = 100$

Number of operation 100 -----> Win 6000$ - Loss 4000 $ = Gain 2000$

Number of operation 1000----> Win 60000$ - Loss 40000 $ = Gain 20000$
  • #1,093
  • Jun 8, 2015 8:06am Jun 8, 2015 8:06am
Quoting franky779
{quote} Sorry my friend but i'd like to keep risk:reward ratio on 1:1 beacause if is true that a m:m based of 1:1 risk/reward in the long term is always winning is also true that market give us the 1:2 operation with more difficult respect to 1:1 operation , if we use an r:r of 1:2 we 'd like to have a deep drowdown also beacause we often we stay on market with multiple operation from different cross. With R.r 1:1 if the strategy is winning we can use the number of operation to increase the gain. Example-----> Strategy 60% WIN - 40% LOSS ---- Stop...
How can you say this without testing? i was tell to test, not to trade. ya?
you can use this or throw it. it is your freedom but i think test will be complete in just 10-15 minutes.
after doing test if you was show me any defect or anything i am welcomed.
  • #1,094
  • Jun 8, 2015 10:05am Jun 8, 2015 10:05am
Here is only 4 pair results. From jan 1 to now...........
Attached Image (click to enlarge)
Click to Enlarge Name: result.JPG Size: 50 KB
Attached File(s)
File Type: xlsx results1.xlsx   19 KB | 263 downloads
  • #1,095
  • Jun 8, 2015 1:33pm Jun 8, 2015 1:33pm
The idea that a back test is going to somehow make the system profitable - or more profitable is not necessarily correct.

all you are doing is tweaking a system for that historical data -- this in no way means that you are going to see the same results in a forward test or trading the tweak.

this can be proven -- once you all find the best settings for the trading system via the back tests and pairs. Then make an EA with those settings or rules and forward test it and you will see. you can not take the trader out of the method or system. If this was so -- EAs would be making lots of money.
Live today like theres no tomorrow-- Prioritize like you will die today
  • #1,096
  • Jun 8, 2015 2:06pm Jun 8, 2015 2:06pm
Quoting iamsovereign
The idea that a back test is going to somehow make the system profitable - or more profitable is not necessarily correct. all you are doing is tweaking a system for that historical data -- this in no way means that you are going to see the same results in a forward test or trading the tweak. this can be proven -- once you all find the best settings for the trading system via the back tests and pairs. Then make an EA with those settings or rules and forward test it and you will see. you can not take the trader out of the method or system. If this...

i agree
  • #1,097
  • Jun 8, 2015 3:11pm Jun 8, 2015 3:11pm
Quoting iamsovereign
The idea that a back test is going to somehow make the system profitable - or more profitable is not necessarily correct. all you are doing is tweaking a system for that historical data -- this in no way means that you are going to see the same results in a forward test or trading the tweak. this can be proven -- once you all find the best settings for the trading system via the back tests and pairs. Then make an EA with those settings or rules and forward test it and you will see. you can not take the trader out of the method or system. If this...

Hi iamsovereign;

I completely agree with you, on the point of, over tweaking a Method to wring as much profit from it as possible.

Like, Xavier has said back testing can give you a good feel for how a Method behaves.

I think everyone is trying to make the Method fit them individually, which isn't a bad thing.

I'm definitely moving towards Trading Fractal Breaks in conjunction with the Type of Candle/s that setup a Trade.

I also like the 1:1 R:R, I know it goes against the usual philosophy of allowing your winners to run, but I feel it suits me. I've tried Trend Trading where I've allowed my Trades to run as far as possible and I've seen many Trades turn around and take me out at BE or worse. So I'm comfortable taking regular 1:1 profits because it suits my phycology.

And this is the crux of being a Trader you take a Method, that you can see merit in, and then mould it to fit you as an individual.

I think, by doing this, I'm moving away from dimdel's core Method but I'm "tweaking" it to make it work for me.
  • #1,098
  • Jun 8, 2015 4:12pm Jun 8, 2015 4:12pm
Quoting stevepatt
{quote} Hi iamsovereign; I completely agree with you, on the point of, over tweaking a Method to wring as much profit from it as possible. Like, Xavier has said back testing can give you a good feel for how a Method behaves. I think everyone is trying to make the Method fit them individually, which isn't a bad thing. I'm definitely moving towards Trading Fractal Breaks in conjunction with the Type of Candle/s that setup a Trade. I also like the 1:1 R:R, I know it goes against the usual philosophy of allowing your winners to run, but I feel it suits...
Hellow everybody,
I totally agree with Steve and Iamsovereign.
I think I will also stick to my own methods, more discretionary and manual as ChicagoRob is doing also.
I anyway have learned interesting ideas through some of your comments which will help me improve my trading efficiency.
I thank very much to Dimdel to have started this thread but I will stop following it.
Good luck to everybody, with this system or a derivative of it (Steve's approach seems quite promizing).
Xavier
  • #1,099
  • Jun 8, 2015 4:27pm Jun 8, 2015 4:27pm
anyone must follow the way that can trust more
the point is every week to have positive results
personally i have found my way
i wish you the same
  • #1,100
  • Jun 8, 2015 4:29pm Jun 8, 2015 4:29pm
I got a lot of setups today from yesterday candles!! kind of scary...
Good luck to us all...
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