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Daily green/red candle

  • #1,741
  • Oct 23, 2015 12:45am Oct 23, 2015 12:45am
Quoting liberty55
HI dimdel the green candle ( 2015-10-20 on eurusd chart) is a loss because the precious candle was red we take a buy order at the open day and because the market hit the stoploss ( 50 pips ) you lose $0.05 X 50 = $2.50 ( dont forget in the example I use nanolot) the next candle I take position with a buyorder ( the previous days was a green..)... and i lose at the end of the day ( close is lower then the open) because you add 1 more lot at the initial lot , your lost are (2X0.05) X ( open - close) around 10 pips= $1.00 and today you are in the market...
yes its clear now
so
maybe is better no fixed lot but fixed %
i mean risk every order 0.2% and you double after lose order,
its too rare 8 loses in row ,
so max risk in rare bad senario - 25% ( 0,2/0,4/0,8/1,6/3,2/6,4/12,8/25,6 )

in this way you dont care about how many pips is the SL, bcz risk ever 0,2% ( in 10 pips or in 10000 pips,) , just put the diff lots
dim
  • #1,742
  • Oct 23, 2015 2:44am Oct 23, 2015 2:44am
Quoting dimdel
{quote} yes its clear now so maybe is better no fixed lot but fixed % i mean risk every order 0.2% and you double after lose order, its too rare 8 loses in row , so max risk in rare bad senario - 25% ( 0,2/0,4/0,8/1,6/3,2/6,4/12,8/25,6 ) in this way you dont care about how many pips is the SL, bcz risk ever 0,2% ( in 10 pips or in 10000 pips,) , just put the diff lots dim
That's Martingale and it's pretty dangerous. The fact that you got a 6 on your dice does not mean that the probability of throwing a six after that is anything other than 1:6. The same goes here. If you got a loss, the probability of another loss is the same as the first one, because the previous loss already happened.

But I am with you on fixed % instead of fixed lots, because volatility changes all the time.
  • #1,743
  • Oct 23, 2015 5:24am Oct 23, 2015 5:24am
Quoting Plague
{quote} That's Martingale and it's pretty dangerous. The fact that you got a 6 on your dice does not mean that the probability of throwing a six after that is anything other than 1:6. The same goes here. If you got a loss, the probability of another loss is the same as the first one, because the previous loss already happened. But I am with you on fixed % instead of fixed lots, because volatility changes all the time.
i agree
  • #1,744
  • Edited 8:43am Oct 23, 2015 6:59am | Edited 8:43am
hi demdel , plague, I am not sure , usualy if we talk about martingale it is the lot size to increase doule each time we have a loss...

in what I explain IT IS NOT THE SAME SCENARIO if you use a fixed lot size ex: 0.02, in the case you have 8 loses in the row you have the following lot size 0.02, 0.04, 0.06, 0.08, 0.10, 0.12, 0.14, 0.16 I am not sure we have the same results with % risk VS fixed lot size AND fixed stop loss.
if you look the excel file ( I suppose I did not any mistake...) , the starting account was $500.00 and I build the file with 2 pairs eurjpy and gpbjpy, the only difference is I add 1 position after 50 pips at gain first position at BE....


this is why if we have an EA it will be very fast to find the best stop loss and target and also if the stategy is good or not
but on paper with the true data is very good...
the excel file the resut for 10 weeks...

have a nice day

Liberty55
  • #1,745
  • Oct 23, 2015 12:32pm Oct 23, 2015 12:32pm
Testing and re-reading this strategy in so long time I've just understood:

I DON'T SEE DIFERENCE BETWEEN OUR ACTIONS AT FGRE and EGRE !!!

Dear Dimdel, please, xould you rephrase () the main basic rule -
a) what we do at new candle colour change
a) what we do at new candle the same colour

And I thank you again for your time!
Just an opinion. Based on research
  • #1,746
  • Oct 23, 2015 9:48pm Oct 23, 2015 9:48pm
Hello,Dimdel

Thanks to thread starter,Dimdel,it is one of the few threads in FF,where the method is indicator free.I am a great fan of this way of trading.
As far I am concerned your method needs no development but some fine touches here and there,keep up the good work.

atheer1
atheer1
  • #1,747
  • Oct 25, 2015 3:06am Oct 25, 2015 3:06am
Quoting since80808
Testing and re-reading this strategy in so long time I've just understood: I DON'T SEE DIFERENCE BETWEEN OUR ACTIONS AT FGRE and EGRE !!! Dear Dimdel, please, xould you rephrase () the main basic rule - a) what we do at new candle colour change a) what we do at new candle the same colour And I thank you again for your time!
hi since

the entry/sl/tp i think is clear

so
FGRE = at every NEW FIRST color
( we go long for example the FIRST green, put the order and wait for TP or SL or BE
the next order will put short at the FIRST RED )

EGRE= at every candle ( green =up , red= down)

is very simple
only good MM need , and no many pairs
i use only EU
but this is my way
  • #1,748
  • Oct 25, 2015 3:24am Oct 25, 2015 3:24am
Quoting veslup
First I have to thanks to Dimdel for sharing this profitable strategy. I am reading this thread since it was started and testing this strategy on demo account. I was started with 300 USD and now I am with 1300 USD trading all currencies. And that is for 3 days. So I want to bring you attention regarding the proper Money Management. Maybe, maybe there is the key for success. I have attached 2 files and I hope that you are going to read carefully and understand the conception. Best Regards Everybody. And I wish you many, many green pips. {image} {file}...
My be this one will be useful for properly MM.
Attached File(s)
File Type: pdf DCASTFX_fixed_ratio_money_management.pdf   49 KB | 943 downloads
  • #1,749
  • Edited 11:53am Oct 25, 2015 3:59am | Edited 11:53am
Quoting dimdel
FGRE = at every NEW FIRST color ... EGRE= at every candle
Hi Dimdel! Thank you for the clearing.
So, it's 2 different ways of trading, not one system?
Or I use FGRE as a signal OR I use EGRE as a signal?
Do I understand you right?
Just an opinion. Based on research
  • #1,750
  • Oct 25, 2015 4:13am Oct 25, 2015 4:13am
Quoting since80808
{quote} Hi Dimdel! Thank you for the clearing. So, it's 2 different ways of trading, not one system? Or I use FGRE as a signal OR I use EGRE as a signal? Do I understand you right? {quote} You look for 6 pairs at Daily? {quote} You look EU only at H4?
i like both
in usuall volatility the EGREE is better
in picks the FGREE is better

(i use my filters )
but work without filters

i prefer no fixed lot but fixed % , so i dont care where is the SL
i risk the same % every trade

( this is the rules, but me either i dont follow sometimes bcz the greed - and i lose the trades )
  • #1,751
  • Oct 25, 2015 11:53am Oct 25, 2015 11:53am
Quoting dimdel
no many pairs
You look for 6 pairs at Daily?
Quoting dimdel
i use only EU
You look EU only at H4?
Just an opinion. Based on research
  • #1,752
  • Oct 26, 2015 4:05am Oct 26, 2015 4:05am
Quoting liberty55
hi demdel , plague, I am not sure , usualy if we talk about martingale it is the lot size to increase doule each time we have a loss... in what I explain IT IS NOT THE SAME SCENARIO if you use a fixed lot size ex: 0.02, in the case you have 8 loses in the row you have the following lot size 0.02, 0.04, 0.06, 0.08, 0.10, 0.12, 0.14, 0.16 I am not sure we have the same results with % risk VS fixed lot size AND fixed stop loss. if you look the excel file ( I suppose I did not any mistake...) , the starting account was $500.00 and I build the file with...
fixed lot size does not make sense for this system, sine you always have a different SL, one time it can be 100 pips, other time it can be 30 pips, so what happens when you do a loss with 0.02 on 30 pips (loss $60) and then use 0.04 on 100 pips the day after that and lose $400? You do not lose 2 times more than the first day, you lose 6 times more!

Now of course if you were to use a fixed SL, e.g. 50 pips always, then fixed lot size and fixed account % is basically the same thing, because you always lose a fixed amount of money (it is not only of you consider making enough money for you account to grow big time).
  • #1,753
  • Oct 26, 2015 2:14pm Oct 26, 2015 2:14pm
hi friends
for statistical reasons if you want
please vote in the poll
thanks
  • #1,754
  • Oct 27, 2015 6:05am Oct 27, 2015 6:05am
Quoting dimdel
hi friends for statistical reasons if you want please vote in the poll thanks
With a pleasure!
Give a link please
Just an opinion. Based on research
  • #1,755
  • Oct 27, 2015 6:29am Oct 27, 2015 6:29am
Quoting since80808
{quote} With a pleasure! Give a link please
in first page there is a poll
thanks boys ( and girls , i have'nt see girls till now, why?)
  • #1,756
  • Oct 28, 2015 5:49am Oct 28, 2015 5:49am
after the big movement
the pair search for direction
but who cares where will go?
i take all the signals

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  • #1,757
  • Oct 28, 2015 9:04pm Oct 28, 2015 9:04pm
Hi Dimdel, if I understand this strategy correctly, if the daily candle closes bullish (up), a pending entry to BUY is set at the high, slop loss is set at the low, and the "take profit" order is set based on fibonacci. If the daily candle closes bearish (down), a pending entry to SELL is set at the low, stop loss is set at the high, and the "take profit" order is set based on fibonacci.
  • #1,758
  • Oct 29, 2015 1:06am Oct 29, 2015 1:06am
Quoting ridingsolo
Hi Dimdel, if I understand this strategy correctly, if the daily candle closes bullish (up), a pending entry to BUY is set at the high, slop loss is set at the low, and the "take profit" order is set based on fibonacci. If the daily candle closes bearish (down), a pending entry to SELL is set at the low, stop loss is set at the high, and the "take profit" order is set based on fibonacci.
exactly
  • #1,759
  • Oct 30, 2015 3:36am Oct 30, 2015 3:36am
Attached Image (click to enlarge)
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  • #1,760
  • Oct 30, 2015 12:44pm Oct 30, 2015 12:44pm
Attached Image (click to enlarge)
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