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Daily green/red candle

  • #2,321
  • Jan 7, 2016 4:48pm Jan 7, 2016 4:48pm
Attached Image (click to enlarge)
Click to Enlarge Name: EU Loss.jpg Size: 138 KB


Dimdel please teach about the tricky situation like above pictures...

I made 2 loses in a row trading EU, I start trading at 12:00 once the 08:00 candle closed (like no.1 and no.2 on the picture above).
But the result was loss... maybe something wrong??

The 12:00 candle was RED, but once place the order.. the next candle (16:00) turn to blue...
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #2,322
  • Jan 7, 2016 8:24pm Jan 7, 2016 8:24pm
Quoting dimdel
ok my friends the demo finished {image} the profit is because luck? strategy? will see it at the next 3 months i beleive that if a fact happen 3 times ( = 1 cycle ) then is statistical data and if happens 3 cycles then i am sure that work for good so now i will focus in my live account for the 2nd +3rd cycles
I've made about 100% profit as well from early December, following your path.
Thanks dimdel, and by the way, looks like I'm about to join in polling for my result, but it has been removed.

Anyway, this system make a great enhance to my last system configuration, though I've made some little arrangement about placing Pending Order, but still, you're the best dimdel
  • #2,323
  • Jan 7, 2016 8:35pm Jan 7, 2016 8:35pm
Quoting andy_l
{image} Dimdel please teach about the tricky situation like above pictures... I made 2 loses in a row trading EU, I start trading at 12:00 once the 08:00 candle closed (like no.1 and no.2 on the picture above). But the result was loss... maybe something wrong?? The 12:00 candle was RED, but once place the order.. the next candle (16:00) turn to blue...
How do you get those bear candle?
Anyway, if you gone through all of it, looks like you can still secure your profit. The bull candle @1600 and @0400, @0800 will likely get BE though
and to me, that's the risk in Greed/Red system, if using no filter. But then, those 'TDI', doesn't it show you that it's up trend?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_iH4.png Size: 37 KB
  • #2,324
  • Jan 8, 2016 12:19am Jan 8, 2016 12:19am
Quoting andy_l
{image} Dimdel please teach about the tricky situation like above pictures... I made 2 loses in a row trading EU, I start trading at 12:00 once the 08:00 candle closed (like no.1 and no.2 on the picture above). But the result was loss... maybe something wrong?? The 12:00 candle was RED, but once place the order.. the next candle (16:00) turn to blue...
hi andy

my broker give diff chart but
anyway
i think your broker give better view in D1 chart no H4
of caurse if use some of my filters will help
but i must test first your brokers signals to see if my filters work
need few days
  • #2,325
  • Jan 8, 2016 3:06am Jan 8, 2016 3:06am
Quoting andy_l
{image} Dimdel please teach about the tricky situation like above pictures... I made 2 loses in a row trading EU, I start trading at 12:00 once the 08:00 candle closed (like no.1 and no.2 on the picture above). But the result was loss... maybe something wrong?? The 12:00 candle was RED, but once place the order.. the next candle (16:00) turn to blue...
Hello Andy,

As per the Chart in both cases you placed sell order below the Red Candle 1 and 2 right? But it seems your order was not executed. So how is there a loss?

DD
  • #2,326
  • Jan 10, 2016 1:21am Jan 10, 2016 1:21am
Quoting brainanda
{quote} I've made about 100% profit as well from early December, following your path. Thanks dimdel, and by the way, looks like I'm about to join in polling for my result, but it has been removed. Anyway, this system make a great enhance to my last system configuration, though I've made some little arrangement about placing Pending Order, but still, you're the best dimdel
bravo brain

keep this profit machine open
  • #2,327
  • Jan 10, 2016 1:28am Jan 10, 2016 1:28am
Quoting andy_l
{image} Dimdel please teach about the tricky situation like above pictures... I made 2 loses in a row trading EU, I start trading at 12:00 once the 08:00 candle closed (like no.1 and no.2 on the picture above). But the result was loss... maybe something wrong?? The 12:00 candle was RED, but once place the order.. the next candle (16:00) turn to blue...

hi andy
well my first try to decode your broker signal was hard to me
you can do this
make a team 2-4 persons using the same broker/ or same area brokers and backtest at least 2 years ( its easy)
if you find 2 month with negative results then , take other broker signals
( negative= from orders sum => 1/4 win 3/4 lose ) ( 1/3 win , 2/3 lose = 0 )
  • #2,328
  • Jan 10, 2016 2:16pm Jan 10, 2016 2:16pm
Quoting kleybenny
Hi friends, I attached my EA for this system. you can use it on any pair or timeframe, live or demo. I implemented a trailining stop. If you dont wnat to use it, only set it higher and it never will be triggered. Today evening I will implement the other ideas in this forum to test and send it here. Have fun Ben {file}
Hi Kleybenny, pls, can you modify EA. If you can modify TP from FIBO 200% to 300% or make it as editable value for users to change it. And make BE at FIBO 180% or make it as editable external value as well. Other rules seems works by Dimdel rules. Thanks David
  • #2,329
  • Jan 10, 2016 2:25pm Jan 10, 2016 2:25pm
Quoting dimdel
{quote} bravo brain keep this profit machine open
yep, I wish I can secured a lot of money ^_^, and
btw dimdel, there was actually a bad month using default Daily Green/Red you know,
well I'm not using EA, and I do it manually, and I just want to share
using Tickmill broker, I try backtest it June, and it give me DD 3000pip (5digit), even though the sum still in green
but still, I know and remember that in trading, there'll be always a bad month for trade

#note: 76.4% order is my little arrangement, the default is 23.6% and 100%
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-01-11 03_23_43-ProfitTracker - Excel.png Size: 124 KB
  • #2,330
  • Jan 11, 2016 2:56am Jan 11, 2016 2:56am
Quoting kleybenny
Hi friends, I attached my EA for this system. you can use it on any pair or timeframe, live or demo. I implemented a trailining stop. If you dont wnat to use it, only set it higher and it never will be triggered. Today evening I will implement the other ideas in this forum to test and send it here. Have fun Ben {file}

Hello, thanks for sharing EA, I test it, but is this correct SL, why is so far?
Attached Image
  • #2,331
  • Jan 11, 2016 6:48am Jan 11, 2016 6:48am
Quoting dafa
{quote} Hi Kleybenny, pls, can you modify EA. If you can modify TP from FIBO 200% to 300% or make it as editable value for users to change it. And make BE at FIBO 180% or make it as editable external value as well. Other rules seems works by Dimdel rules. Thanks David
No problem. Today evening I will make the changes.
  • #2,332
  • Jan 11, 2016 7:53am Jan 11, 2016 7:53am
Quoting kleybenny
{quote} No problem. Today evening I will make the changes.
Great. After that I have one improvement to money management but it depends how it will work in BT with new TP and BE which Dimdel actually use.. We have to go step by step..;-)
  • #2,333
  • Jan 11, 2016 9:12am Jan 11, 2016 9:12am
today trades, 1 BE, 1 LIMIT, 2 TP
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_iH4.png Size: 166 KB
  • #2,334
  • Jan 11, 2016 10:24am Jan 11, 2016 10:24am
Quoting brainanda
today trades, 1 BE, 1 LIMIT, 2 TP {image}
bravo brain

but EU gave all these signals?
  • #2,335
  • Jan 11, 2016 11:34am Jan 11, 2016 11:34am
Quoting dimdel
{quote} bravo brain but EU gave all these signals?
Yes, dimdel, as I said in somewhere previous comment, I have already a system based on fibo, it's very similar to yours, and final combination my system and yours is...
the "1 (or 2) of 76.4% Pending Order, which is using 176.4% as my TP and 23.6% (and 0%)"
and the "Low (if bear candle) or High (it bull candle) using 2 previous candle as references. I choose the former if it's lower/higher AND within 600~650 candle range (my original system) and choose the latter if it's lower/higher AND within 600~650 candle range (yours)."
this is what gives me 'these signals (of 2 TP)'

sorry if this is confusing
  • #2,336
  • Jan 11, 2016 11:42am Jan 11, 2016 11:42am
Quoting brainanda
{quote} Yes, dimdel, as I said in somewhere previous comment, I have already a system based on fibo, it's very similar to yours, and final combination my system and yours is... the "1 (or 2) of 76.4% Pending Order, which is using 176.4% as my TP and 23.6% (and 0%)" and the "Low (if bear candle) or High (it bull candle) using 2 previous candle as references. I choose the former if it's lower/higher AND within 600~650 candle range (my original system) and choose the latter if it's lower/higher AND within 600~650 candle range (yours)." this is what...
share your system here
maybe is usefull for all of us
  • #2,337
  • Jan 11, 2016 12:24pm Jan 11, 2016 12:24pm
Dimdel,

I understand your set up for the trade from the high/low of the previous candle. You also mentioned you add a second trade at the 23.6 which will enter you if the market retraces. My question is do you set this 23.6 order up at the same time as the pending order at the high or low, or do you wait until your trade at the high/low has been triggered?
  • #2,338
  • Jan 11, 2016 12:56pm Jan 11, 2016 12:56pm
Quoting dimdel
{quote} share your system here maybe is usefull for all of us
well, I'm not good at sharing, but I'll do my best to explain my system as simple as possible.
The setting of FiboRet's level:
-23.6%, 0.0%, 23.6%, 76.4%, 100.0%, and
176.4%, 250.0%



Fibo LONG (Condition: its low candle 2 must be higher than candle 1, fibo range max = 650p):
The first orange fibo, pulling the fibo from its high to low on candle 2 only because the candle 2 doesn't meet the condition.
.so the fibo size is 550p
.all the condition meet, use for placing order

The second orange fibo, pulling fibo from its high candle 2 to low on candle 1 because candle 2 has meet the condition.
.but, the fibo size is way too big, 1130p, so try pulling it only in candle 2, and still the condition doesn't meet. the candle still too big 833p.
.the condition doesn't meet, no order


Fibo SHORT (Condition: its high candle 2 must be lower than candle 1, fibo range max = 650p):
The first lime fibo, pulling the fibo from its high candle 2 to low on candle 1 because candle 2 has meet the condition.
.but the fibo size is too big, 680p, so try pulling it only in candle 2.
.so the fibo size is 620p
.all the condition meet, use for placing order

The second lime fibo, pulling the fibo from its high candle 2 to low on candle 1 because candle 2 has meet the condition.
.so the fibo size is 610p
.all the condition meet, use for placing order



The setting in placing order:
.First Entry: @100.0%, TP @250.0%, SL @0%, BE @176.4%
.Second Entry: @76.4%, TP @176.4%, SL @23.6%
.Third Entry: @76.4%, TP @176.4%, SL @0% (optional)
.Fourth Entry: @23.6%, TP @176.4%, SL @23.6%

so, every time there's a signal, I'm placing these 3-4 order limit, stop, and/or instant execution (if the price wandering around the level order)
well, when my account got hit by storm, I can lose all the 4 entry at once, but there's a peaceful days when all of them hit TP when there's not even one order hit SL
try on demo first, even though I've use this in my real account.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_iH4LONG.png Size: 36 KB
Click to Enlarge Name: EURUSD_iH4SHORT.png Size: 35 KB
  • #2,339
  • Jan 11, 2016 1:20pm Jan 11, 2016 1:20pm
thanks brain
now i have homework to study
  • #2,340
  • Jan 11, 2016 2:40pm Jan 11, 2016 2:40pm
Quoting dafa
{quote} Great. After that I have one improvement to money management but it depends how it will work in BT with new TP and BE which Dimdel actually use.. We have to go step by step..;-)
So, here is the EA you asked for. I included all things you explained. TP and Move SL to BE are adjustable.

Kind Regards

Ben
Attached File(s)
File Type: ex4 redgreen_v3.ex4   33 KB | 509 downloads
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