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Daily green/red candle

  • #1,681
  • Sep 18, 2015 1:18am Sep 18, 2015 1:18am
Quoting laksior
Hi dimdel, i decided to go back to green/red method. I saw Your updated first post and i don't understand 2nd method. On the picture below i have marked few candles. Why don't You trade these candles? As i understand we go for buy or sell on every candle but direction depends on colour of the candle. So if daily candle close red, on the next candle we go short and if daily candle close green we go long on the naxt candle. Am i correct or i don't understand the rules properly? Cheers {image}
hi
there in no breakouts
  • #1,682
  • Sep 18, 2015 1:33am Sep 18, 2015 1:33am
Gu
tp 10/15/20
sl previus top
  • #1,683
  • Sep 18, 2015 1:35am Sep 18, 2015 1:35am
in my orders the previus top/bottom is vthe SL
and the TP is the same distance
(if interest )
  • #1,684
  • Sep 18, 2015 3:53am Sep 18, 2015 3:53am
Hi Dimdel,

I am glad i visited this thread and your strategy, looks great. Just one question though, why do you take only trades in the direction of daily close candle, why not set pending order in both directions and close the other once one activated?
  • #1,685
  • Sep 18, 2015 9:08am Sep 18, 2015 9:08am
if i was use my system the result today will be -13%
ok now why i have -60%

1) i dont follow my 1st system
2) i use 2nd+3rd system but i must risk 1% by the rules, i put 5%
3) i wanted to take back the loses , so .... you see the results

anyway, i am telling these because the 8 times from 10 the problems dont come from any system

good weekend
  • #1,686
  • Sep 18, 2015 2:38pm Sep 18, 2015 2:38pm
Where in the thread are your 2nd and 3rd system
  • #1,687
  • Sep 21, 2015 2:52am Sep 21, 2015 2:52am
Let's go with persistence in normal method
without experimentation

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  • #1,688
  • Sep 21, 2015 3:53am Sep 21, 2015 3:53am
finish for today

if i insist for more trading, they will take all back

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  • #1,689
  • Sep 21, 2015 10:51am Sep 21, 2015 10:51am
I know you said you havent been using the 1st method, but i decided to give it a go on a demo, and now i am thinking of using it on my real account. It worked well, the winners outweighed the losers due to the 1:1 rr and on 0.01 pairs were earning £80 accumulatively
  • #1,690
  • Sep 21, 2015 11:04am Sep 21, 2015 11:04am
Quoting JnqzForex
I know you said you havent been using the 1st method, but i decided to give it a go on a demo, and now i am thinking of using it on my real account. It worked well, the winners outweighed the losers due to the 1:1 rr and on 0.01 pairs were earning 80 accumulatively
hi jnqz

at first bravo


you mean green red ?
and what pairs?
  • #1,691
  • Sep 22, 2015 12:31am Sep 22, 2015 12:31am
  •  turnfx
  • | Joined Dec 2014 | Status: Only money management is the key of | 334 Posts
HI dimdel are you still working on daily candles? or got any others system?
  • #1,692
  • Sep 22, 2015 12:45am Sep 22, 2015 12:45am
Quoting turnfx
HI dimdel are you still working on daily candles? or got any others system?
hi turnfx
the 1st post is valid
  • #1,693
  • Edited 9:06am Sep 22, 2015 1:00am | Edited 9:06am
x
  • #1,694
  • Sep 22, 2015 2:54am Sep 22, 2015 2:54am
Quoting JnqzForex
I know you said you havent been using the 1st method, but i decided to give it a go on a demo, and now i am thinking of using it on my real account. It worked well, the winners outweighed the losers due to the 1:1 rr and on 0.01 pairs were earning 80 accumulatively
I have tested the method using an EA, it does work perfectly.... since 9/2014 till then it does not work at all.
So it works in current market, but that always changes through time.
  • #1,695
  • Sep 23, 2015 6:02am Sep 23, 2015 6:02am
Hello Plague!

What pairs did you get to analyze the system in 2014 - 2015?
and what Fibon did you take for Take-profit and Stop-loss?
did you try traling?
  • #1,696
  • Sep 23, 2015 6:48am Sep 23, 2015 6:48am
Quoting Stucco
Hello Plague! What pairs did you get to analyze the system in 2014 - 2015? and what Fibon did you take for Take-profit and Stop-loss? did you try traling?
I tested EURUSD, 1:1 RRR, did not try trailing.

I also tested another system, which is close to this one, daily hi/lo breaks, which worked for me on multiple pairs (EU,GU,UJ,EJ) but only since 09/2014. It works in many settings, best in SL=daily range/4, TP=SL.
  • #1,697
  • Sep 23, 2015 8:51am Sep 23, 2015 8:51am
Quoting Plague
{quote} I tested EURUSD, 1:1 RRR, did not try trailing. I also tested another system, which is close to this one, daily hi/lo breaks, which worked for me on multiple pairs (EU,GU,UJ,EJ) but only since 09/2014. It works in many settings, best in SL=daily range/4, TP=SL.
hi plague

share your chart please
  • #1,698
  • Sep 23, 2015 11:04am Sep 23, 2015 11:04am
Quoting dimdel
{quote} hi jnqz at first bravo you mean green red ? and what pairs?
Hey dimdel
GBP/JPY
USD/CAD
EUR/USD
GBP/CAD
EUR/GBP
GBP/USD
and yes the green/red apart from i have been taking every candle no matter what. green or red. just waiting for if red sell and green buy. when it breaks out. Also where in the thread are the other methods you talk about i am reading it but only on page 10 or around there ?
  • #1,699
  • Sep 23, 2015 11:09am Sep 23, 2015 11:09am
Quoting JnqzForex
{quote} Hey dimdel GBP/JPY USD/CAD EUR/USD GBP/CAD EUR/GBP GBP/USD
hi jnqzforex

you choose these pairs because after backtest was the most profitable?
or just you like these pairs?

would help me to know how choose the pairs

thanks
  • #1,700
  • Sep 23, 2015 1:02pm Sep 23, 2015 1:02pm
Well i went back through quite a few pairs to decide which ones produced the best results, and they were the ones that i ended up with. Also changed the T/P level to 61.8% because it was a great way to tp not too little but reduced a few losses. Also where are the other methods?
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