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need simple indicator for Daily green/red candle 2 replies

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Daily green/red candle

  • #1,201
  • Jun 12, 2015 11:15am Jun 12, 2015 11:15am
if someone want to see Robinho system please put his name to search and find his thread
maybe you will find something interesting there ,
who knows....
  • #1,202
  • Jun 12, 2015 11:40am Jun 12, 2015 11:40am
Quoting dimdel
{quote} hi tom Robinho method is other thing we have common elements but other concept but if one system take elements for other system and have positive results, then i agree to see it Robinho have big sl and small tp , this is at first error a system must have min RR 1;1 , no less, because if i have RR 2;1 then i play pigpong the spreads with my broker and i give him extra bonus some pips
DIMDEL - you make a good point. I was thinking same thing - to modify TP & SL to give 1:1 or better - not to use his system as it presently exists when combining with your system. I will experiment and let you know if it works.
  • #1,203
  • Jun 12, 2015 12:00pm Jun 12, 2015 12:00pm
Quoting FxLapozi
{quote} New High. I was spot on. Next week will be retracement then followed by stronger bull.

Hi FxLapozi;

No one can predict the Market.

For every time your "predictions" are correct how many times are you wrong?

There has been a Long Signal since the 2nd June, no one knows if the next Red Daily Candle, or Green for that matter, will start the next Bearish Swing.
Attached Image (click to enlarge)
Click to Enlarge Name: 12th June 15 GBP:USD D1 Chart.png Size: 71 KB
  • #1,204
  • Jun 12, 2015 12:11pm Jun 12, 2015 12:11pm
Quoting stevepatt
{quote} Hi FxLapozi; No one can predict the Market. For every time your "predictions" are correct how many times are you wrong? There has been a Long Signal since the 2nd June, no one knows if the next Red Daily Candle, or Green for that matter, will start the next Bearish Swing. {image}
Hi steve, it's true that no one can predict the market but you can analyze it.

I would love to trade the market in the simplest way but like you said no one knows if the next red will push for red or the next green will ride North.

That's the main reason why we need some other indication to confirm our entry.

I made bad entries too but I try to minimize by choosing not to entering trades like GU.

The reasons are simple:
1. weekly bar is green ( bigger timeframe is always more accurate)
2. the daily bar is hardly red...( some broker closed it green or doji, for that matter, it's safer to stay out)
3. Price Action is King. Always remember Price dictates movement.

Take a look at this.

Attached Image


Price went all the way down only to close in GREEN and went all the way 1xx pips to DOL.

GU then closes above/right on DOL. This is another indication GU refuses to go down.

4. The rejection price of last low, happened to be the weekly support.

These are the reasons I refuse to enter into GU
  • #1,205
  • Jun 12, 2015 1:41pm Jun 12, 2015 1:41pm
Quoting FxLapozi
{quote} Hi steve, it's true that no one can predict the market but you can analyze it. I would love to trade the market in the simplest way but like you said no one knows if the next red will push for red or the next green will ride North. That's the main reason why we need some other indication to confirm our entry. I made bad entries too but I try to minimize by choosing not to entering trades like GU. The reasons are simple: 1. weekly bar is green ( bigger timeframe is always more accurate) 2. the daily bar is hardly red...( some broker closed...

Hi FxLapozi;

I've been Trading Pullbacks in the the Higher Time Frame Trend and then waiting for Price Action at Support/Resistance for a long time.

I can make this work for me, but there are a lot of occasions when after taking the time to analyse the Market and waiting patiently for the Price Action to form at the Support/Resistance levels, I have carefully marked off, only to have the Market to go against me.

Even after comprehensive Market Analyses there is no guarantee of success.

This Method of Trading has as much chance of success as any other but it has no ambiguity when it comes to execution and there is no doubt about where the Stop Loss and Take Profit should be.

The GBP/USD setup I had yesterday didn't trigger today, so no harm done, this is the advantage of using Pending Orders to enter the Market.
  • #1,206
  • Jun 13, 2015 2:05am Jun 13, 2015 2:05am
goodmorning to all

Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 40 KB
  • #1,207
  • Jun 13, 2015 3:27am Jun 13, 2015 3:27am
Quoting stevepatt
{quote} Hi Erebus; When I took the image the AUD/USD Daily Candle was RED, when the New Daily Candle Opened it was GREEN so no setup. This is the Pending Orders I have. {image}

Of the six Pending Orders I placed yesterday only EUR/USD and GBP/JPY went live.
Attached Image (click to enlarge)
Click to Enlarge Name: 13th June 15 EUR:USD GBP:JPY D1 Chart.png Size: 89 KB
  • #1,208
  • Jun 13, 2015 5:40am Jun 13, 2015 5:40am
Quoting stevepatt
{quote} Of the six Pending Orders I placed yesterday only EUR/USD and GBP/JPY went live. {image}
right steve

protect us till now
will see next week

i think the next week the system will show if can work with all thsese news
in previus NFP gave right results
will see...../
  • #1,209
  • Jun 13, 2015 5:42am Jun 13, 2015 5:42am
anyone can see 1 year before the NFP what signals gave
EUR , USD, GBP, JPY
  • #1,210
  • Edited 5:01am Jun 14, 2015 4:40am | Edited 5:01am
I've run a back test on EUR/USD form 1st Jan. 2012 to 31st Dec. 2013 following dimdel's rules.

The results aren't that convincing.

I've started with a bank of 5000.00 and risked 0.5% on each Trade.

From Jan. 2012 to Dec. 2012 the return equals +£80.06 +1.60%

From Jan. 2013 to Dec. 2013 the return equals +£5.30 +0.11%

For 24 Months the return equals +£85.36 which is +1.71% of £5000.00

I've uploaded the spreadsheet showing these results and the results using Fractal Candles to filter my entries.
Attached File(s)
File Type: xlsx Fractal Candles Back Tests.xlsx   1.2 MB | 489 downloads
  • #1,211
  • Jun 14, 2015 5:12am Jun 14, 2015 5:12am
My orders to tomorrow by dimdel rules without SlTR
GBP/USD long
AUD/USD short
EUR/AUD long
EUR/CAD long
  • #1,212
  • Jun 14, 2015 12:31pm Jun 14, 2015 12:31pm
Quoting stevepatt
I've run a back test on EUR/USD form 1st Jan. 2012 to 31st Dec. 2013 following dimdel's rules. The results aren't that convincing. I've started with a bank of 5000.00 and risked 0.5% on each Trade. From Jan. 2012 to Dec. 2012 the return equals +80.06 +1.60% From Jan. 2013 to Dec. 2013 the return equals +5.30 +0.11% For 24 Months the return equals +85.36 which is +1.71% of 5000.00 I've uploaded the spreadsheet showing these results and the results using Fractal Candles to filter my entries. {file}

What, I'm going to do is run two consecutive tests one using dimdel's rules, as he has stated, and one using Fractal_Candles as a Filter.

I will be Trading the pairs as in this post Post 1,184

I will only post the setups I get following dimdel's rules, for now to save confusion, and after the month of testing I will post both sets of results.

This will give an indication of how both methods will compare going forward.
  • #1,213
  • Jun 14, 2015 1:56pm Jun 14, 2015 1:56pm
Quoting stevepatt
{quote} What, I'm going to do is run two consecutive tests one using dimdel's rules, as he has stated, and one using Fractal_Candles as a Filter. I will be Trading the pairs as in this post Post 1,184 I will only post the setups I get following dimdel's rules, for now to save confusion, and after the month of testing I will post both sets of results. This will give an indication of how both methods will compare going forward.
Steve - How would you use fractals as a filter since they don't appear until two candles have closed after them.
  • #1,214
  • Jun 14, 2015 4:02pm Jun 14, 2015 4:02pm
Quoting tomthepoppop
{quote} Steve - How would you use fractals as a filter since they don't appear until two candles have closed after them.

Hi Tom;

I'm not necessarily waiting for a full Fractal to form.

I only use Fractals as a visual aid for spotting Market Structure HH_HL/LL_LH.

Once, I start doing this my Trading becomes far more subjective and I will need to define a precise set of rules for my entry. Once in a Trade my Trade Management is the same as dimdel's.

As soon as I've done more Market testing and if things work out I'll explain more what I'm doing.
  • #1,215
  • Jun 14, 2015 6:09pm Jun 14, 2015 6:09pm
Quoting stevepatt
{quote} Hi Tom; I'm not necessarily waiting for a full Fractal to form. I only use Fractals as a visual aid for spotting Market Structure HH_HL/LL_LH. Once, I start doing this my Trading becomes far more subjective and I will need to define a precise set of rules for my entry. Once in a Trade my Trade Management is the same as dimdel's. As soon as I've done more Market testing and if things work out I'll explain more what I'm doing.
I understand - thanks will await your testing
  • #1,216
  • Jun 14, 2015 7:22pm Jun 14, 2015 7:22pm
Quoting stevepatt
{quote} What, I'm going to do is run two consecutive tests one using dimdel's rules, as he has stated, and one using Fractal_Candles as a Filter. I will be Trading the pairs as in this post Post 1,184 I will only post the setups I get following dimdel's rules, for now to save confusion, and after the month of testing I will post both sets of results. This will give an indication of how both methods will compare going forward.
Hi stevepatt! Can you explain how to use Fractal_Candles as a Filter?
  • #1,217
  • Jun 15, 2015 12:35am Jun 15, 2015 12:35am
Trades I'm in from Friday 12th June and Pending Orders for Monday 15th June.
Attached Image (click to enlarge)
Click to Enlarge Name: 14th June 15 Pairs to be Traded.png Size: 197 KB
  • #1,218
  • Jun 15, 2015 12:39am Jun 15, 2015 12:39am
goodmorning to all

i wish green week
  • #1,219
  • Jun 15, 2015 12:41am Jun 15, 2015 12:41am
Quoting stevepatt
I've run a back test on EUR/USD form 1st Jan. 2012 to 31st Dec. 2013 following dimdel's rules. The results aren't that convincing. I've started with a bank of 5000.00 and risked 0.5% on each Trade. From Jan. 2012 to Dec. 2012 the return equals +80.06 +1.60% From Jan. 2013 to Dec. 2013 the return equals +5.30 +0.11% For 24 Months the return equals +85.36 which is +1.71% of 5000.00 I've uploaded the spreadsheet showing these results and the results using Fractal Candles to filter my entries. {file}
This very weak result...
Sorry my horrible english :-)
  • #1,220
  • Jun 15, 2015 12:46am Jun 15, 2015 12:46am
lets see what will happen today

Attached Image (click to enlarge)
Click to Enlarge Name: monday.png Size: 103 KB
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