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need simple indicator for Daily green/red candle 2 replies

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Daily green/red candle

  • #2,041
  • Edited 3:03pm Dec 2, 2015 11:07am | Edited 3:03pm
Quoting founaud
Hi Dimdel, What is the difference between H4-SPARTA and Daily Green-Red methods? I am testing the last one, but need to understand the modifications that you have done on it. We need you to update the first post to be able to keep track of your changes, otherwise we are testing something useless. Thanks!

hi

i cant understand something .....

all these people use the green red and noone need/ask more details or modifications or the 1st post update etc....

why if you dont use the system you need all these info ? and dont just follow the candle color?

if you only follow the colors will get the 7 of 10 signals
isnt enough ?

Attached Image (click to enlarge)
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  • #2,042
  • Dec 2, 2015 11:19am Dec 2, 2015 11:19am
with the green red system
to be without profit
must have
in montly tottal signals
66,7% lose and 33.3% win (2/3 lose , 1/3 win )
  • #2,043
  • Dec 2, 2015 11:46am Dec 2, 2015 11:46am
Quoting dimdel
{quote} hi i can understand something ..... all these people use the green red and noone need/ask more details or modifications or the 1st post update etc.... why if you dont use the system you need it all these info ? and dont just follow the candle color? if you only follow the colors will get the 7 of 10 signals isnt enough ? {image}

I have voted today the 1st option since i have been testing it for about 2 weeks.
People are asking for the 1st post update because it is incomplete the system... read all 100 pages two times by now and still can't get a hold on the system. As simple as it can be there are trades that are not to be taken or cases where it's better to not be 100% strict with rules but this must come by testing it.. Best way to see how it works and when to skip a trade is by trading it.
So far, my results are barely breakeven and keep peaking at your demo trades also to see where you skipped a trade, where you took early profit.. etc.
Backtesting is a killer as if you want decent results you have to play tick by tick and watch if any of the fibs, tp,sl and be was hit during a candle move and even there it does not replicate the real market where you may pass a trade that ended on the edge and in real market condition you may have had a spread bigger than expected and all results are messed up.

testing for 3 months on multiple demo accounts at the same time where you apply specific rules to each of them may help in understanding which trade to skip, where is best to place your BE(at which fib), when to exit early, etc....
After these 3 months play the system that worked best and hope that market conditions don't follow a woman's logic and suddenly everything known and tested has no effect
  • #2,044
  • Dec 2, 2015 11:46am Dec 2, 2015 11:46am
why do you sold EUR/USD today? there was a green candle yesterday?
"If it wasn't hard everyone would do it. Its the hard that makes it great."
  • #2,045
  • Dec 2, 2015 11:54am Dec 2, 2015 11:54am
Hello dimdel,

I found this thread over the week end and its a very interesting and simple way you trade.
Thank you for sharing your method. I hope you are still trading the original method as well on D TF GREEN and RED.
I'm GLAD you didn't add any indies as suggested by many. Did you manage to find a way to filter trades or are you still working on that.
I'm going to give this method a try and will let you know how it goes..

Take care..
  • #2,046
  • Edited 3:05pm Dec 2, 2015 12:22pm | Edited 3:05pm
BOYS
just follow the colors
nothing more
and apply in all the trades the same % risk

thats it

fibo (default)
0=sl/
100= entry /
300 exit /
at 180 BE

I really dont know how to make more easy
you dont need other info
first catch the system and after all the other points........

if my english dont help , i want someone to translate please
  • #2,047
  • Edited 3:06pm Dec 2, 2015 12:38pm | Edited 3:06pm
if you had these orders its ok
this is the green red
the details is the 20% of the system , dont need it now
step by step

the most important is
same % every order

Attached Image (click to enlarge)
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  • #2,048
  • Dec 2, 2015 12:40pm Dec 2, 2015 12:40pm
and please dont look how win or how lose
just put orders with RR 1/2
every friday make the sum
  • #2,049
  • Dec 2, 2015 4:02pm Dec 2, 2015 4:02pm
Quoting dimdel
if you had these orders its ok this is the green red the details is the 20% of the system , dont need it now step by step the most important is same % every order {image}
Hi Dimdel,

I don't fully understand why you have opened and NOT opened some orders in your screenshot.
Can you please look at the picture attached and help me to understand?

Thanks
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  • #2,050
  • Dec 3, 2015 3:47am Dec 3, 2015 3:47am
Quoting dimdel
BOYS just follow the colors nothing more and apply in all the trades the same % risk thats it fibo (default) 0=sl/ 100= entry / 300 exit / at 180 BE I really dont know how to make more easy you dont need other info first catch the system and after all the other points........ if my english dont help , i want someone to translate please
I'm sorry man, that's simply not true.
If I take this info, make an EA from it, then the account goes down, not up.
There must be something missing.
I am using GMT+2 broker, so the H4 is "real" H4, but that still does not help.

What comes to mind is that the EA is too "precise", I would of course close some profits on obvious levels, trendlines, etc., but that is exactly my point. Simply following those rules you posted is not enough.

Edit: please don't take this as "your system does not work" because it obviously does! I'm just saying that people ask you for more information, because the information is needed to understand and properly trade your system.

Quoting founaud
{quote} Hi Dimdel, I don't fully understand why you have opened and NOT opened some orders in your screenshot. Can you please look at the picture attached and help me to understand? Thanks {image}
The last one you marked is not used, look at it properly
As for all the previous ones - some of them did not open, instead, SL has been crossed first, so they are to be cancelled.
Also - and this is something that dimdel omits from the rules, yet he uses it, if you have an inside bar, trade the inside bar, not the first candle.
  • #2,051
  • Dec 3, 2015 4:18am Dec 3, 2015 4:18am
Quoting Plague
{quote} I'm sorry man, that's simply not true. If I take this info, make an EA from it, then the account goes down, not up. There must be something missing. I am using GMT+2 broker, so the H4 is "real" H4, but that still does not help. What comes to mind is that the EA is too "precise", I would of course close some profits on obvious levels, trendlines, etc., but that is exactly my point. Simply following those rules you posted is not enough. Edit: please don't take this as "your system does not work" because it obviously does! I'm just saying that...
hi
if did you made EA why dont share it in the thread?
you ask but you dont share.....
no fairplay
  • #2,052
  • Dec 3, 2015 5:07am Dec 3, 2015 5:07am
Quoting dimdel
{quote} hi if did you made EA why dont share it in the thread? you ask but you dont share..... no fairplay
huh? sure, I just don't usually share EAs that do not work

You can run it with visual mode and check for errors on my side, that would be great!
Run it on the frame you want to use for signals (I wanted to make it universal, but only after making it work).
Attached File(s)
File Type: mq4 plg_dimdel.mq4   4 KB | 499 downloads
  • #2,053
  • Dec 3, 2015 5:33am Dec 3, 2015 5:33am
It seems to work on the daily candle.....
  • #2,054
  • Dec 3, 2015 5:48am Dec 3, 2015 5:48am
Question: How accurate is back testing. I know the better the modeling quality the better the test. but if you had to forward test a strategy and then later back test it over the same period, would the results be exactly the same. I know the answer should be yes, but is it really???
  • #2,055
  • Dec 3, 2015 7:09am Dec 3, 2015 7:09am
Hi Everyone
I have read this thread. Dimas has changed his tradingrules. from beginning it was one easy system, easy to follow, the system on page 1. What I can see it whas powerfull and profitable. Why change a easy system? For more profit? But if it whas a profitable, easy system-why not go back to page 1 and follow that original system?
Regards
Elovv
  • #2,056
  • Dec 3, 2015 7:54am Dec 3, 2015 7:54am
Quoting Eddd
Question: How accurate is back testing. I know the better the modeling quality the better the test. but if you had to forward test a strategy and then later back test it over the same period, would the results be exactly the same. I know the answer should be yes, but is it really???
If you use M1 data then it is pretty accurate, especially when using H4 for signals.

In most cases you can see by naked eye even on M15 if your trade went well or not. Backtests are not that hard to do if you trade higher timeframes.
  • #2,057
  • Edited 2:56pm Dec 3, 2015 2:45pm | Edited 2:56pm
Hi Dimdel,

thank you for your knowledge. It is simple and useful.
Thank you bro and all time green pips ...


.... by the way, i trade the "every new candle color System from Dimdel".
He wrote it in the past on the first page with the Green / Red System.
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  • #2,058
  • Dec 3, 2015 3:32pm Dec 3, 2015 3:32pm
Quoting bretlee
Hi Dimdel, thank you for your knowledge. It is simple and useful. Thank you bro and all time green pips ... .... by the way, i trade the "every new candle color System from Dimdel". He wrote it in the past on the first page with the Green / Red System. {image} {image} {image} {image} {image}

Hi Bretlee,

Nice to see that the method is working so good for you, I still haven't manage to make it work, and I would like to ask you some questions to understand your method:

You don't wait for the change in the colour of the candles, right? You open an order in every new candle, except if the body is very small.
What is your SL and TP? I can see that it is not very clear.

Thanks for your support and continue with the green pips!!

Regards
  • #2,059
  • Dec 3, 2015 3:40pm Dec 3, 2015 3:40pm
Hi founaud,

my TP is at Fibo 300 and my SL at Fibo 0. Entry is at Fibo 100 and BE ist Fibo 180. This is the way i trade since a few days.
In the past my TP was at Fibo 200 and BE at Fibo 150. SL every time at Fibo 0 and Entry at Fibo 100.
So far so good ....
  • #2,060
  • Dec 3, 2015 3:44pm Dec 3, 2015 3:44pm
Hoping to see D1 - Fuga unveiled in the near future. Of course, this is up to
Mr. Dimdel, so we will wait patiently.
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