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Daily green/red candle

  • #1,921
  • Nov 20, 2015 2:22am Nov 20, 2015 2:22am
in important news and only then ( NFP, RATES, DRAGHI, ETC)
i use very big TP but i put TrSl (the distance BE-100)
so i let run the price and sometimes take the big move
but in any case you have the BE for protection

NOONE KNOWS THE PROFIT
BUT ALL WE KNOW THE ONLY SURE THING- HOW MUCH WILL LOSE

i mean that profit is expectation but the loss has certainty
  • #1,922
  • Nov 20, 2015 3:02am Nov 20, 2015 3:02am
Quoting dimdel
if this system work for 3 total months then i will share it {image}
3 months, now that's what I call a proper test of a system, respect. Many people take a few profits and think the system works and will continue to work forever.

Also that equity curve looks sexy as hell
  • #1,923
  • Nov 20, 2015 4:10am Nov 20, 2015 4:10am
Quoting Plague
{quote} 3 months, now that's what I call a proper test of a system, respect. Many people take a few profits and think the system works and will continue to work forever. Also that equity curve looks sexy as hell
It's a good start but from my standards, 3 months is just luck, nothing else !

At least 1 year of live trading with several thousands trades and going through different market states (trending/ranging) would be more significant.
Simplicity is the Ultimate Sophistication.
  • #1,924
  • Nov 20, 2015 4:56am Nov 20, 2015 4:56am
Quoting broketrader
{quote} It's a good start but from my standards, 3 months is just luck, nothing else ! At least 1 year of live trading with several thousands trades and going through different market states (trending/ranging) would be more significant.
Still then there is no guarantee that it will perform well in future.
Past performance is not an indicator of future reliability.
A good MM is crucial for success.
I think this strategy qualifies it and is the main reason for its good performance till now.
Moreover this strategy is very simple. No cluttering of indicators. No complex parameters for arriving whether to go long or short etc.
On this basis I view that this strategy will perform well in future too.
  • #1,925
  • Nov 20, 2015 5:06am Nov 20, 2015 5:06am
Quoting broketrader
{quote} It's a good start but from my standards, 3 months is just luck, nothing else ! At least 1 year of live trading with several thousands trades and going through different market states (trending/ranging) would be more significant.
hi broketrader
its true
The longer the better but wants the minimum 3 months for a first test of resistance.

in 3 months can have trend/range/news etc
so is the first view
On the other hand I have not the time to wait 2-3 years
so i compatible with this..........

However, until today in my life , I have known no trader who tested 1 year LIVE a system , waiting the results WIT ALL THE RISK OF TESTING and after to use it
perhaps there is, who knows..........

dimdel
  • #1,926
  • Nov 20, 2015 5:11am Nov 20, 2015 5:11am
Quoting simplecoders
{quote} Still then there is no guarantee that it will perform well in future. Past performance is not an indicator of future reliability. A good MM is crucial for success. I think this strategy qualifies it and is the main reason for its good performance till now. Moreover this strategy is very simple. No cluttering of indicators. No complex parameters for arriving whether to go long or short etc. On this basis I view that this strategy will perform well in future too.
In bold, you are contradicting yourself and...

How do you know that the strategy qualifies its good MM if we don't even know what the system is and which MM is behind ? Maybe you coded an EA for the OP ?
Simplicity is the Ultimate Sophistication.
  • #1,927
  • Nov 20, 2015 5:28am Nov 20, 2015 5:28am
Quoting dimdel
{quote} hi broketrader its true The longer the better but wants the minimum 3 months for a first test of resistance. in 3 months can have trend/range/news etc so is the first view On the other hand I have not the time to wait 2-3 years so i compatible with this.......... However, until today in my life , I have known no trader who tested 1 year LIVE a system , waiting the results WIT ALL THE RISK OF TESTING and after to use it perhaps there is, who knows.......... dimdel
Hi dimdel,

As I said, it's a good start but It's demo.
What do you will conclude if you go live and you obtain different results as they often are ? Will it be because you went live or because conditions have changed ?

For the 3 months span, well, all is relative.
Ok for the news but I have seen big trends that last more than 3 months and in which you find smaller ranges and on the contrary big ranges that last more than 3 months in which you see smaller trends. you see, all is relative, it depends on which time frame you trade.

And, don't misunderstand me, I don't want to troll or denigrate your work, just adding constructive criticism to the discussion.
Simplicity is the Ultimate Sophistication.
  • #1,928
  • Nov 20, 2015 5:29am Nov 20, 2015 5:29am
Quoting broketrader
{quote} In bold, you are contradicting yourself and... How do you know that the strategy qualifies its good MM if we don't even know what the system is and which MM is behind ? Maybe you coded an EA for the OP ?
Just do a historical test manually going as back as you can.
I do not know MT4 coding. ( Though my username is simplecoders ) So No EA coding and all that. I like manual trading.
The basic strategy was laid out previously by Dimdel in the first post, which has been taken off for further modification. But the basics remain the same. Green ..go long ..Red..go short... Am I right Dimdel?
  • #1,929
  • Nov 20, 2015 5:32am Nov 20, 2015 5:32am
Quoting broketrader
{quote} Hi dimdel, As I said, it's a good start but It's demo. What do you will conclude if you go live and you obtain different results as they often are ? Will it be because you went live or because conditions have changed ? For the 3 months span, well, all is relative. Ok for the news but I have seen big trends that last more than 3 months and in which you find smaller ranges and on the contrary big ranges that last more than 3 months in which you see smaller trends. you see, all is relative, it depends on which time frame you trade. And, don't...
dont worry
you are wellcome

i respect all the opinioms

noone knows exactly what will happen
example : all the Greeks with TSIPRA.......
  • #1,930
  • Nov 20, 2015 5:35am Nov 20, 2015 5:35am
Quoting simplecoders
{quote} Just do a historical test manually going as back as you can. I do not know MT4 coding. ( Though my username is simplecoders ) So No EA coding and all that. I like manual trading. The basic strategy was laid out previously by Dimdel in the first post, which has been taken off for further modification. But the basics remain the same. Green ..go long ..Red..go short... Am I right Dimdel?
RIGHT SIMPLECODE


green ,long
red , short
(and big life insurance contract)
  • #1,931
  • Nov 21, 2015 2:21pm Nov 21, 2015 2:21pm
Quoting dimdel
{quote} RIGHT SIMPLECODE green ,long red , short (and big life insurance contract)
hi Dimdel

this is Great
I like your perseverance and wish success to you
Attached Image
be healthy and wealthy... Ceeport
  • #1,932
  • Nov 23, 2015 12:11am Nov 23, 2015 12:11am
Quoting shahed58
{quote} hi Dimdel this is Great I like your perseverance and wish success to you {image}
goodmorning to all
thanks shahed
  • #1,933
  • Nov 23, 2015 12:16am Nov 23, 2015 12:16am
i short just the market open
i won it

who else took this signals?
  • #1,934
  • Nov 23, 2015 12:26am Nov 23, 2015 12:26am
ok i see noone

now who is long?
  • #1,935
  • Nov 23, 2015 12:39am Nov 23, 2015 12:39am
Quoting dimdel
ok i see noone now who is long?
I am short EU D1...Not H4

SL 1.0738...TP Open
  • #1,936
  • Nov 23, 2015 12:46am Nov 23, 2015 12:46am
Quoting simplecoders
{quote} I am short EU D1...Not H4 SL 1.0738...TP Open
ok is right in DI

I would suggest in D1 to include (as 1/2 profit or 1/3 profit) the 161,8 fibo
because many traders have it as reference point
  • #1,937
  • Nov 23, 2015 12:50am Nov 23, 2015 12:50am
Quoting dimdel
{quote} ok is right in DI I would suggest in D1 to include (as 1/2 profit or 1/3 profit) the 161,8 fibo because many traders have it as reference point
yes dimdel, you are right.. it is wise to have tp fixed.
  • #1,938
  • Nov 23, 2015 12:59am Nov 23, 2015 12:59am
Quoting simplecoders
{quote} yes dimdel, you are right.. it is wise to have tp fixed.
if you trade in D1
you must have 3 open short trades 6, 13, 20 /11
  • #1,939
  • Nov 23, 2015 1:02am Nov 23, 2015 1:02am
Quoting dimdel
{quote} if you trade in D1 you must have 3 open short trades 6, 13, 20 /11



I did not understand the text in bold
  • #1,940
  • Nov 23, 2015 1:14am Nov 23, 2015 1:14am
Quoting simplecoders
{quote}[/b] I did not understand the text in bold
dates
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