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Daily green/red candle

  • #1,161
  • Jun 11, 2015 5:42am Jun 11, 2015 5:42am
Quoting dimdel
Taking a walk in the forums I saw many indis, Price action and that mean i must predict the next move, no clear entry points / sl / tp S/R = no clear ,=SUBJECTIVE EA;S complicate ouf ......tired i prefer simple things entry/sl/tp/ thats is my opinion
:-D
  • #1,162
  • Jun 11, 2015 6:47am Jun 11, 2015 6:47am
My demo has been getting slammed, lately. Four stop-outs in two days.
  • #1,163
  • Jun 11, 2015 6:52am Jun 11, 2015 6:52am
Quoting ChicagoRob
My demo has been getting slammed, lately. Four stop-outs in two days.
what is the basket? Rob
how many pairs trade?
  • #1,164
  • Jun 11, 2015 7:45am Jun 11, 2015 7:45am
Quoting dimdel
{quote} what is the basket? Rob how many pairs trade?
Six pairs - four losers and two winners
  • #1,165
  • Jun 11, 2015 8:08am Jun 11, 2015 8:08am
Quoting ChicagoRob
My demo has been getting slammed, lately. Four stop-outs in two days.
mine to.

loosing all the profit from the last 2 weeks and some
  • #1,166
  • Jun 11, 2015 9:36am Jun 11, 2015 9:36am
Quoting IgotAplan
{quote} mine to. loosing all the profit from the last 2 weeks and some
no way to lose the 2 weeks profits
if you risk for example 10% /day

then you must won 5% x 2 weeks = 10% ( and this week you lose all previus 2 week profits )
but 5% a week?= every day = win/lose/win/lose/(1/2 lose) = 5%
something is not good.......i dont know
  • #1,167
  • Jun 11, 2015 9:39am Jun 11, 2015 9:39am
please read again the 1st post
i have update some rules
thanks
  • #1,168
  • Jun 11, 2015 11:12am Jun 11, 2015 11:12am
Quoting dimdel
Taking a walk in the forums I saw many indis, Price action and that mean i must predict the next move, no clear entry points / sl / tp S/R = no clear ,=SUBJECTIVE EA;S complicate ouf ......tired i prefer simple things entry/sl/tp/ thats is my opinion

Hi dimdel;

You are spot on with this observation the method you have developed here is probably the first I've found, anywhere, that has no subjectivity in it's Entry/Stop Loss/Take Profit. As long as everyone is using the same Daily Start Time and follows your rules to the letter then everyone will be taking the same Trades and getting the same results. If, everyone was to use the same Money Management also then everyone would be getting the same % returns and Draw Downs on their accounts also.

That is quite unique in the realms of Trading.
  • #1,169
  • Jun 11, 2015 11:36am Jun 11, 2015 11:36am
Quoting stevepatt
{quote} Hi dimdel; You are spot on with this observation the method you have developed here is probably the first I've found, anywhere, that has no subjectivity in it's Entry/Stop Loss/Take Profit. As long as everyone is using the same Daily Start Time and follows your rules to the letter then everyone will be taking the same Trades and getting the same results. If, everyone was to use the same Money Management also then everyone would be getting the same % returns and Draw Downs on their accounts also. That is quite unique in the realms of Trading....

hi stevepat
thanks

exactly
This is my queries
everybody can apply for one month the same rules
at least we can prove in the worst case that the method is not worth,



to all...
---if we risk 10% per day is very rare to lose all the trades , so the risk is less from 10%

---is very rare also to lose 3 days in row ( day totally or every pair ) , so if this happen then double the lot to the 4rth trade
i mean if i trade 5 pairs , is very rare to lose 5 trades, for 3 days, and is very rare to lodse 3 days in the same pair in row

so SUM if we risk 10% in fact we risk 4-7%, /////// but in my mind we have 10% risk //////i never trade with pips , only %
  • #1,170
  • Jun 11, 2015 12:00pm Jun 11, 2015 12:00pm
Quoting dimdel
{quote} hi stevepat thanks exactly This is my queries everybody can apply for one month the same rules at least we can prove in the worst case that the method is not worth, to all... ---if we risk 10% per day is very rare to lose all the trades , so the risk is less from 10% ---is very rare also to lose 3 days in row ( day totally or every pair ) , so if this happen then double the lot to the 4rth trade i mean if i trade 5 pairs , is very rare to lose 5 trades, for 3 days, and is very rare to lodse 3 days in the same pair in row so SUM if we risk...

Hi dimdel;

If you like, starting Monday, I will test the following pairs EUR/USD-AUD/USD-USD/JPY-GBP/JPY-GBP/USD-EUR/JPY-USD/CAD-NZD/USD-AUD/JPY risking 10% per day for four weeks.

I will follow your rules, as you've set them out, my Broker Time is GMT +3 which means no weekend candles.

It will be interesting to see if we get the same Trades with the same results.
  • #1,171
  • Jun 11, 2015 12:05pm Jun 11, 2015 12:05pm
Quoting stevepatt
{quote} Hi dimdel; If you like, starting Monday, I will test the following pairs EUR/USD-AUD/USD-USD/JPY-GBP/JPY-GBP/USD-EUR/JPY-USD/CAD-NZD/USD-AUD/JPY risking 10% per day for four weeks. I will follow your rules, as you've set them out, my Broker Time is GMT +3 which means no weekend candles. It will be interesting to see if we get the same Trades with the same results.

if you can follow my setup

my backtest gave these pairs

the next month we change the pair

Attached Image (click to enlarge)
Click to Enlarge Name: my_setup.png Size: 83 KB
  • #1,172
  • Jun 11, 2015 12:16pm Jun 11, 2015 12:16pm
Quoting stevepatt
{quote} Hi dimdel; If you like, starting Monday, I will test the following pairs EUR/USD-AUD/USD-USD/JPY-GBP/JPY-GBP/USD-EUR/JPY-USD/CAD-NZD/USD-AUD/JPY risking 10% per day for four weeks. I will follow your rules, as you've set them out, my Broker Time is GMT +3 which means no weekend candles. It will be interesting to see if we get the same Trades with the same results.

i like it
make a demo
start tomorrow if you can
thanks
  • #1,173
  • Jun 11, 2015 12:18pm Jun 11, 2015 12:18pm
and anyone can follow this

make a demo with my setup
risk every day 10%
lets play the game....of thrones
  • #1,174
  • Jun 11, 2015 12:27pm Jun 11, 2015 12:27pm
post YES Those who want to join the trade game
we put order at 12,01 or from 23,30-24,00 if the price is ( approximately) in the middle of candle
so in any case at 12,05 we will have all the orders
if someone sleep ok , in the morning put the orders if the price is at least 10% ( up/down) near the H/L

thats it
  • #1,175
  • Jun 11, 2015 12:44pm Jun 11, 2015 12:44pm
Quoting dimdel
{quote} if you can follow my setup my backtest gave these pairs the next month we change the pair {image}

Hi dimdel;

Is the US500 the SP500? I don't have the XTI/USD? or the JPN225?

The others, we have 11 Forex pairs and Gold.

Some of these i have never Traded before but I'm more than happy to follow your lead on this.
Attached Image (click to enlarge)
Click to Enlarge Name: 11th June 15 Pairs to be Traded.png Size: 175 KB
  • #1,176
  • Jun 11, 2015 12:50pm Jun 11, 2015 12:50pm
Quoting dimdel
{quote} i like it make a demo start tomorrow if you can thanks

Hi dimdel;

Ok, I will see about making a start tomorrow, my New Daily Candle Opens at 21.00 GMT so this is when i will be placing my Pending Orders.
  • #1,177
  • Jun 11, 2015 1:02pm Jun 11, 2015 1:02pm
Quoting stevepatt
{quote} Hi dimdel; Is the US500 the SP500? I don't have the XTI/USD? or the JPN225? The others, we have 11 Forex pairs and Gold. Some of these i have never Traded before but I'm more than happy to follow your lead on this. {image}

US500=SP500
XTI/USD=OIL
JPN225=NIKKEI

the gold/us500 trade from 01,00 till 24,00

lets go trade
  • #1,178
  • Jun 11, 2015 1:34pm Jun 11, 2015 1:34pm
Quoting dimdel
{quote} US500=SP500 XTI/USD=OIL JPN225=NIKKEI the gold/us500 trade from 01,00 till 24,00 lets go trade

Hi dimdel;

I haven't got SP500 Oil or Nikkei on my platform so I will have to drop them.

This is the setups I'm seeing for tomorrow, do you agree?

EUR/USD-Sell
GBP/JPY-Buy
USD/CAD-Buy
GBP/USD-Sell
AUD/USD-Sell
AUD/JPY-Buy
Gold-Sell
Attached Image (click to enlarge)
Click to Enlarge Name: 11th June 15 Tade Setups for 12th June.png Size: 154 KB
  • #1,179
  • Jun 11, 2015 2:04pm Jun 11, 2015 2:04pm
ok stevepat


EURUSD
GBPUSD / GBPJPY / GBPCAD / GBPCHF / GBPNZD
AUDUSD / AUDJPY / AUDCAD
NZDJPY
USDCAD
GOLD

Attached Image (click to enlarge)
Click to Enlarge Name: mine.png Size: 68 KB
  • #1,180
  • Jun 11, 2015 3:33pm Jun 11, 2015 3:33pm
Can anybody kindly share "Trailing Stop EA" which will move the SL to Entry when the market price reaches FIB 150?
Thanks!
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