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Daily green/red candle

  • #2,401
  • Jan 18, 2016 3:04am Jan 18, 2016 3:04am
Quoting bopuc
{quote} Hi dimdel, this is my take on H4 Green/Red EUR/USD from last week. My buffer is 2 pips for entry and my 'big candle' is candle which is equal or larger then ATR(30) value. {image} 1 - Win 2 - Loss 3 - BE 4 - No entry 5 - Loss 6 - Loss 7 - No entry 8 - Win 9 - Loss 10 - No entry ( big candle ) 11 - Loss 12 - Win 13 - BE or Win... Can you please comment? Thanks.
hi bopuc

well i dont agree with all your entrys
but if we say that is correct then
you have
2 BE
5 LOSES
3 WIN ( X2 =6)

SO SUM 1 WIN

SO YOU WIN
  • #2,402
  • Jan 18, 2016 3:07am Jan 18, 2016 3:07am
Quoting bopuc
{quote} Hi dimdel, this is my take on H4 Green/Red EUR/USD from last week. My buffer is 2 pips for entry and my 'big candle' is candle which is equal or larger then ATR(30) value. {image} 1 - Win 2 - Loss 3 - BE 4 - No entry 5 - Loss 6 - Loss 7 - No entry 8 - Win 9 - Loss 10 - No entry ( big candle ) 11 - Loss 12 - Win 13 - BE or Win... Can you please comment? Thanks.
if I may bopuc,
9. won't it be a 'BE'? the price is touching level 180% (if you're using level 180% as BE point) first before going up if I remember
  • #2,403
  • Jan 18, 2016 3:10am Jan 18, 2016 3:10am
dimdel,

thanks for the respond. I'm in the learning process so that is why I wanted to see difference between yours and mine entries. Can you write down my entries that you disagree with and the reason why?

Thank you for your time.
  • #2,404
  • Jan 18, 2016 3:12am Jan 18, 2016 3:12am
Quoting brainanda
{quote} if I may bopuc, 9. won't it be a 'BE'? the price is touching level 180% (if you're using level 180% as BE point) first before going up if I remember
Thanks for pointing that out, actually I was ( wrongly ) using 200% as BE point.
  • #2,405
  • Jan 18, 2016 3:23am Jan 18, 2016 3:23am
Quoting bopuc
{quote} Hi dimdel, this is my take on H4 Green/Red EUR/USD from last week. My buffer is 2 pips for entry and my 'big candle' is candle which is equal or larger then ATR(30) value. {image} 1 - Win 2 - Loss 3 - BE 4 - No entry 5 - Loss 6 - Loss 7 - No entry 8 - Win 9 - Loss 10 - No entry ( big candle ) 11 - Loss 12 - Win 13 - BE or Win... Can you please comment? Thanks.
Why do you try and make it so hard to make profit? There are many pairs which are moving many pips daily.

Just apply a simple trend filter and take only trades in that direction; only a suggestion
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It takes a lot for me to IGNORE you, but you can try.
  • #2,406
  • Jan 18, 2016 3:38am Jan 18, 2016 3:38am
ok well i found better strategy than Erebus

open a book
if the page number is Even Number you buy
if is odd number you sell

no stress, no searching for trend/range,
  • #2,407
  • Jan 18, 2016 4:22am Jan 18, 2016 4:22am
Quoting Erebus
{quote} Why do you try and make it so hard to make profit? There are many pairs which are moving many pips daily. Just apply a simple trend filter and take only trades in that direction; only a suggestion {image}
Thanks for the suggestion Erebus, currently I'm trying to replicate dimdel's 'system' before trying to tweak anything.
  • #2,408
  • Jan 18, 2016 11:31am Jan 18, 2016 11:31am
Quoting Erebus
{quote} Why do you try and make it so hard to make profit? There are many pairs which are moving many pips daily. Just apply a simple trend filter and take only trades in that direction; only a suggestion {image}
I somethimes read this thread,and all time had this idea in my mind about take trades only by trend
  • #2,409
  • Jan 18, 2016 12:28pm Jan 18, 2016 12:28pm
Quoting ficibald
{quote} I somethimes read this thread,and all time had this idea in my mind about take trades only by trend
If you mean that you find a trend by moving average, or something like this, it's not helpful for redgreen. This strategy is more about momentum than about trend. Some trades are counter trend, some as trend continuation. Every trend filter change this strategy to unusable. You can make a paperbacktest and you will see that it's not better with any trend filter. Or I didn't find any reliable.
  • #2,410
  • Jan 18, 2016 1:03pm Jan 18, 2016 1:03pm
Quoting dafa
{quote} If you mean that you find a trend by moving average, or something like this, it's not helpful for redgreen. This strategy is more about momentum than about trend. Some trades are counter trend, some as trend continuation. Every trend filter change this strategy to unusable. You can make a paperbacktest and you will see that it's not better with any trend filter. Or I didn't find any reliable.
exactly
  • #2,411
  • Jan 18, 2016 1:20pm Jan 18, 2016 1:20pm
friends
if you can find a way with better proven results
please show us and i will be the first that i will use it

but if you cant only confuse the people throwing some ideas without trying to
(except if this is the purpose, to confuse)

" just simple trend filter with a MA "

you make me laugh a lot

was ....so difficult? so clever ? to think a MA as filter?
so we have 2 cases
1) all the friend here are stupid ( because noone THOUGHT to put a MA in to the chart? )
or
2) we use it and is very bad

what have greater probability after 9 months searching?
  • #2,412
  • Jan 18, 2016 2:25pm Jan 18, 2016 2:25pm
Quoting dimdel
{quote} exactly
dimdel and I have been searching for months for a consistent filter. MA was thrown out first because we knew better. smh
  • #2,413
  • Jan 18, 2016 3:11pm Jan 18, 2016 3:11pm
Quoting dimdel
ok well i found better strategy than Erebus open a book if the page number is Even Number you buy if is odd number you sell no stress, no searching for trend/range,
Hi Dimdel i feel market confuse if last candle close green we add another Buy stop? Or put of the first and add buy order on the last candle.....i think that we could put some rules about a series of inboard candle or a minimum range filter ( the candle > 20 pip). What do you think?
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  • #2,414
  • Jan 18, 2016 3:27pm Jan 18, 2016 3:27pm
Quoting franky779
{quote} Hi Dimdel i feel market confuse if last candle close green we add another Buy stop? Or put of the first and add buy order on the last candle.....i think that we could put some rules about a series of inboard candle or a minimum range filter ( the candle > 20 pip). What do you think? {image}
I think you are wrong with rules. Your first buy stop you have to delete if next candle (red in this example) didn't hit buy stop level. And it didn't. In this example you have to be only in one active short trade and place a buy stop after last green canlde close. If it will close green.
  • #2,415
  • Jan 19, 2016 6:12am Jan 19, 2016 6:12am
ugh... I miss the boat...
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  • #2,416
  • Jan 19, 2016 12:44pm Jan 19, 2016 12:44pm
Anyone with a long order?
  • #2,417
  • Jan 19, 2016 12:54pm Jan 19, 2016 12:54pm
Quoting Coutinho
Anyone with a long order?
if you're willing to take the risk, then...
  • #2,418
  • Jan 19, 2016 1:05pm Jan 19, 2016 1:05pm
Status update...
[Monday -> Tuesday]
Fibo I, 2TP + 1BE
Fibo II, 2SL
Fibo III, 3TP + 1BE (but I'm missing one)
Fibo IV, too big candle's range
---------------------------------- sum = +
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  • #2,419
  • Jan 19, 2016 1:30pm Jan 19, 2016 1:30pm
Hello, I would like to try out this system, but I am not understanding the rules. I looked for them, but could someone state them very clearly in 'noobie' language? Thank you in advance. By the way is this a hedging strategy, because we are not allowed to hedge in USA where I live.
  • #2,420
  • Jan 19, 2016 1:46pm Jan 19, 2016 1:46pm
Quoting Desiree
Hello, I would like to try out this system, but I am not understanding the rules. I looked for them, but could someone state them very clearly in 'noobie' language? Thank you in advance. By the way is this a hedging strategy, because we are not allowed to hedge in USA where I live.
even in this whole thread is in a 'noobie language' if I recall read every pages here...
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