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need simple indicator for Daily green/red candle 2 replies

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Daily green/red candle

  • #1,781
  • Nov 4, 2015 6:23am Nov 4, 2015 6:23am
the EU D1
in F-gre no new signal , there is a running short order 3 days
in E-gre ok there is a short new signal
  • #1,782
  • Nov 4, 2015 6:30am Nov 4, 2015 6:30am
In eu h4

Attached Image (click to enlarge)
Click to Enlarge Name: H4_GR.png Size: 31 KB
  • #1,783
  • Nov 4, 2015 6:47am Nov 4, 2015 6:47am
Quoting padnoter
{quote} is that the every green-red strategy?
Yes, Padnoter, It is every green-red strategy on D1 FXPro MT4.
  • #1,784
  • Edited 8:32am Nov 4, 2015 8:22am | Edited 8:32am
Quoting dimdel
In eu h4

At what point in time You tested the trading on H4?

Apply my test.
Attached File(s)
File Type: rar EURUSD Классика +БУ 1к1.rar   11 KB | 314 downloads
  • #1,785
  • Nov 4, 2015 8:48am Nov 4, 2015 8:48am
Hi dimdel, can you talk us about your filter's ???

in the 4hrs set up do you take the order in sync with the previous day candle ( if it is RED candle( SELL) ) and you will take only the sell 4hrs set up.

for me I add the 0.38 Fib for the input and I use also the DO line with the M-candle indicator for the 4hrs set up see the picture
Attached Image (click to enlarge)
Click to Enlarge Name: GPBNZD_4HRS_setup.PNG Size: 147 KB
  • #1,786
  • Nov 4, 2015 9:27am Nov 4, 2015 9:27am
One half of the trade has hit the TP.
Other half still running.
  • #1,787
  • Nov 4, 2015 9:51am Nov 4, 2015 9:51am
Second half TP also Hit.
End of the day.

Fresh trading tomorrow
  • #1,788
  • Nov 4, 2015 9:57am Nov 4, 2015 9:57am
Quoting raylin
There is an Australian guy that uses a similar system on You Tube . The Daily alert candle he says the system gives 80% strike rate . The only difference is that he takes the trade 9 pips above the bullish close of the alert candle and moves is stop to break even after 45 pips. He sometimes goes for 100 pips or sometimes takes the trade to next daily alert candle in the opposite direction. Profit of 100 pips per month on each pair is realistic and with say 12 pair using 2% of your bank on each trade could give you 24% / month You can view this video...
I started using this system this week, although I've know about it for sometime. The only difference is that I'm taking profit at 50 pips each pair.
  • #1,789
  • Nov 4, 2015 10:22am Nov 4, 2015 10:22am
Quoting mobthehop
As a little thank you to dimdel - maybe useful to others as well... Fib is centered on prev day open on all timeframes, accommodates up / down candle automatically and fib line style can be chosen.... and no more lines all over the chart... Cheers / Mop {file}
Hi Mobthehop:

Since our friend dimdel is looking @ H4 as a method in addition to D1, is it possible that you could modify your excellent indicator to work on H4 as well?

Thanks.

ranger_lp
  • #1,790
  • Nov 4, 2015 11:03am Nov 4, 2015 11:03am
in the same way than ranger Ip,
Mobthetop can you put the exterme parameter for the color and the line tickness

Thank you

stay green

Liberty55
  • #1,791
  • Nov 4, 2015 2:32pm Nov 4, 2015 2:32pm
Quoting taozen187
{quote} At what point in time You tested the trading on H4? Apply my test. {file}
good work taozen
thanks

can you make the resume?

i mean

example
pair / h4 / tp 200 fib/ BE at 80 fib
month / signals / lose / win / lose signals in row

may 46 18 28 5

( 1win=2lose)
i mean , risk 2% and TP 4%

so 28 win x 2 = 56 - 18 lose = finally 38 win , and max risk 5
so 38win x 2% risk each order 76% profit and max risk in row 5 x 2% = 10%
this is the good senario
of caurse there is and -76%
but must find it

thanks
  • #1,792
  • Nov 4, 2015 2:49pm Nov 4, 2015 2:49pm
Quoting dimdel
{quote} good work taozen thanks can you make the resume? i mean example pair / h4 / tp 200 fib/ BE at 80 fib month / signals / lose / win / lose signals in row may 46 18 28 5 ( 1win=2lose) i mean , risk 2% and TP 4% so 28 win x 2 = 56 - 18 lose = finally 38 win , and max risk 5 so 38win x 2% risk each order 76% profit and max risk in row 5 x 2% = 10% this is the good senario of caurse there is and -76% but must find it thanks

It's all everyone can see himself, looking at the results of my test. I was hoping to see the results of your tests, to compare and choose the best.
  • #1,793
  • Nov 4, 2015 4:47pm Nov 4, 2015 4:47pm
Hi Guy's,
My trades this morning are:
AUDUSD... Sell
CADJPY... Sell
AUDJPY... Sell.... Couldn't resist this one because it follows a bearish pin bar.
My target is 50 pips at least.
Happy trading
  • #1,794
  • Nov 4, 2015 7:42pm Nov 4, 2015 7:42pm
You can now choose the candle time frame for fibs are applied to...

Cheers
Attached File(s)
File Type: ex4 DimdelRedGreenFibs.ex4   10 KB | 748 downloads
  • #1,795
  • Nov 5, 2015 12:16am Nov 5, 2015 12:16am
[quote=mobthehop;8575646]You can now choose the candle time frame for fibs are applied to... Cheers {file}[/quote
thanks mobthehope
very good
  • #1,796
  • Nov 5, 2015 12:26am Nov 5, 2015 12:26am
Quoting taozen187
{quote} It's all everyone can see himself, looking at the results of my test. I was hoping to see the results of your tests, to compare and choose the best.
hi taozen

i have no time to decode your way
will be usefull if you give the info that will help
any other way is other system
(in H4, there are new rules)
thanks anyway

Attached Image (click to enlarge)
Click to Enlarge Name: tao.png Size: 69 KB
  • #1,797
  • Nov 5, 2015 12:41am Nov 5, 2015 12:41am
Quoting mobthehop
You can now choose the candle time frame for fibs are applied to... Cheers {file}
can we have the first new color fibo? and remain till is valid?

thanks

Attached Image (click to enlarge)
Click to Enlarge Name: 3.png Size: 35 KB
  • #1,798
  • Nov 5, 2015 3:42am Nov 5, 2015 3:42am
Sell trade is running today.

EU D1.
  • #1,799
  • Nov 5, 2015 6:51am Nov 5, 2015 6:51am
Quoting dimdel
{quote} can we have the first new color fibo? and remain till is valid? thanks
Dimdel - sorry i am more of a copy/paste guy - I think this is beyond me.. but will have a look at it when I have the time...

Cheers / Mop
  • #1,800
  • Nov 5, 2015 9:17am Nov 5, 2015 9:17am
Seems today is indecisive. Neither TP nor SL is hit.
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