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Attachments: Daily green/red candle
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Daily green/red candle

  • #1,821
  • Nov 9, 2015 12:29pm Nov 9, 2015 12:29pm
Attached Image (click to enlarge)
Click to Enlarge Name: eu_001.png Size: 57 KB
  • #1,822
  • Nov 9, 2015 5:20pm Nov 9, 2015 5:20pm
Quoting dimdel
{image}

Why do you use Fibo 23.6?
  • #1,823
  • Nov 10, 2015 12:06am Nov 10, 2015 12:06am
hi taozen
if a order active in 0 fib and turn to -100 , we will see many times the prices stop at near 23,6 and after go to my direction
so if i lose the 2nd order the risk is very litle (23,6 -100 fib), but if go to my direction the profit is very big

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  • #1,824
  • Nov 10, 2015 3:22am Nov 10, 2015 3:22am
Hello dimdel,
Last week I read your thread. Last weekend I wrote a "quick and dirty" EA which fulfills the following points:
tp = 100,
sl = 100,
order at open of the current candle plus or minus value of variable DiffHighLow.
This is for improve the results:
TradeLong true/false,
TradeShort true/false,
TrailingYes true/false,
IsNewDay true/false,
only one trade per daily candle,
trailing stop possible.
The EA is fast and easy to use so that a lot of backtests could be done from other interested people.
I tested successfully AUDNZD, EURUSD, EURNZD, GBPNZD. Please see folder Portfolio.
GBPJPY and GBPUSD seemed to be losers.
Other testing periods in 2014 showed, that it is necessary to optimize the following variables: TradeLong, TradeShort, TrailingYes and DiffHighLow. Each test needs approximately 45 minutes per currency pair.
Please use this version only with demo accounts ;-)
Greetings
IAmRetep
Attached File(s)
File Type: zip Tests_Daily.zip   347 KB | 563 downloads
  • #1,825
  • Nov 10, 2015 3:52am Nov 10, 2015 3:52am
Lot of activity on H4. EU

No trades till now for this week on D1.
  • #1,826
  • Nov 10, 2015 5:42am Nov 10, 2015 5:42am
Quoting IAmRetep
Hello dimdel, Last week I read your thread. Last weekend I wrote a "quick and dirty" EA which fulfills the following points: tp = 100, sl = 100, order at open of the current candle plus or minus value of variable DiffHighLow. This is for improve the results: TradeLong true/false, TradeShort true/false, TrailingYes true/false, IsNewDay true/false, only one trade per daily candle, trailing stop possible. The EA is fast and easy to use so that a lot of backtests could be done from other interested people. I tested successfully AUDNZD, EURUSD, EURNZD,...
thanks youarePeter
very good work
i check it
  • #1,827
  • Nov 10, 2015 5:43am Nov 10, 2015 5:43am
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  • #1,828
  • Nov 10, 2015 7:54am Nov 10, 2015 7:54am
ok good day today

time for rest

still 1 open trade in BE

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  • #1,829
  • Nov 10, 2015 8:00am Nov 10, 2015 8:00am
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Click to Enlarge Name: eu1.png Size: 52 KB
  • #1,830
  • Nov 10, 2015 11:21pm Nov 10, 2015 11:21pm
goodmorning
in the night i took this signal

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  • #1,831
  • Nov 10, 2015 11:48pm Nov 10, 2015 11:48pm
my crystal ball say

i see the area and no the numbers

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  • #1,832
  • Nov 11, 2015 2:51am Nov 11, 2015 2:51am
So I have been thinking about this; the original idea was to follow a Daily candle after it changed color from day to day.

Many times the candle will change at the New York close, seems crazy to me, I mean, what changed?

Anyway, I think the timing is wrong, bad time to open a trade.

How about waiting for Frankfurt / London opens to see if the direction has changed or it's the same?

Yes, you will miss the huge momentum move that drop 100's of pips but most are using small profit targets anyway.

Also, you can check the ADR to see if there is still room to move.

And not everyone can trade NY close.
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It takes a lot for me to IGNORE you, but you can try.
  • #1,833
  • Nov 11, 2015 3:05am Nov 11, 2015 3:05am
Quoting Erebus
So I have been thinking about this; the original idea was to follow a Daily candle after it changed color from day to day. Many times the candle will change at the New York close, seems crazy to me, I mean, what changed? Anyway, I think the timing is wrong, bad time to open a trade. How about waiting for Frankfurt / London opens to see if the direction has changed or it's the same? Yes, you will miss the huge momentum move that drop 100's of pips but most are using small profit targets anyway. Also, you can check the ADR to see if there is still...
we dont open order while current candle is formating
but in the previus closed candle in H(green) or L (red) on this candle put pending order
all the others ... ADR/session etc , ok its very usefull but i dont use it in this strategy
thanks erebus
  • #1,834
  • Nov 11, 2015 3:07am Nov 11, 2015 3:07am
A few more charts to explain the thoughts in previous post,

Observe price action at London open, is candle color same or changed, that means direction.

Is there room to make pips or too risky?

Comments anyone, suggestions....
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Click to Enlarge Name: 11-11-2015 6-56-58 PM.png Size: 77 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,835
  • Nov 11, 2015 3:10am Nov 11, 2015 3:10am
Quoting dimdel
{quote} we don't open order while current candle is formating but in the previous closed candle in H(green) or L (red) on this candle put pending order all the others ... ADR/session etc , ok its very usefull but i don't use it in this strategy thanks erebus
Yes, and this is where you get your losers with pending order

Even 20 pips beyond some candle, get entry and then the price reverse for the new day
It takes a lot for me to IGNORE you, but you can try.
  • #1,836
  • Nov 11, 2015 3:10am Nov 11, 2015 3:10am
Quoting Erebus
A few more charts to explain the thoughts in previous post, Observe price action at London open, is candle color same or changed, that means direction. Is there room to make pips or too risky? Comments anyone, suggestions.... {image} {image}
you look pips
i look %

i dont care if i have 10 or 1000000 pips
i risk 1 /profit 2 with %
  • #1,837
  • Nov 11, 2015 3:13am Nov 11, 2015 3:13am
Quoting Erebus
{quote} Yes, and this is where you get your losers with pending order Even 20 pips beyond some candle, get entry and then the price reverse for the new day
maybe you have right
but i wait to see it in profit % and then ok i will change it
  • #1,838
  • Nov 11, 2015 3:16am Nov 11, 2015 3:16am
Quoting Erebus
So I have been thinking about this; the original idea was to follow a Daily candle after it changed color from day to day. Many times the candle will change at the New York close, seems crazy to me, I mean, what changed? Anyway, I think the timing is wrong, bad time to open a trade. How about waiting for Frankfurt / London opens to see if the direction has changed or it's the same? Yes, you will miss the huge momentum move that drop 100's of pips but most are using small profit targets anyway. Also, you can check the ADR to see if there is still...
hi Erebus

Your accuracy Is admirable.
be healthy and wealthy... Ceeport
  • #1,839
  • Nov 11, 2015 3:17am Nov 11, 2015 3:17am
i dont predict
i trade what i see
maybe is wrong way , but i must try it
of caurse if someone have proven profitable strategy, ok i will follow
please tell me the way.........
  • #1,840
  • Nov 11, 2015 3:21am Nov 11, 2015 3:21am
Quoting dimdel
{quote} maybe you have right but i wait to see it in profit % and then ok i will change it
I'm not saying I am right

No one is asking you to change anything

But not everyone can follow your ideas exactly

I'm just making a few observations of PRICE ACTION

It might help somebody

It takes a lot for me to IGNORE you, but you can try.
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