Daily green/red candle | Page 122 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

need simple indicator for Daily green/red candle 2 replies

MT4 candle-by-candle manual backtesting 9 replies

How to make EA that send Open Price of Candle for every new candle 5 replies

Day's first H4 candle correlation to daily candle 14 replies

Correlation between first 4 hour candle and daily candle 1 reply

Attachments: Daily green/red candle
Exit Attachments

Daily green/red candle

  • #2,421
  • Jan 19, 2016 1:50pm Jan 19, 2016 1:50pm
Quoting brainanda
{quote} even in this whole thread is in a 'noobie language' if I recall read every pages here...
Yes, I did read every page, but I don't find the rules stated out to where I understand them. Could someone help? Maybe list the rules or show me the post that I missed? Regards
  • #2,422
  • Jan 19, 2016 4:06pm Jan 19, 2016 4:06pm
Quoting dimdel
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 no one 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?...
Quoting Desiree
{quote} Yes, I did read every page, but I don't find the rules stated out to where I understand them. Could someone help? Maybe list the rules or show me the post that I missed? Regards
Dimdel, say all you want about me, I don't care, but please help these people out - every day they are asking this question!

It takes a lot for me to IGNORE you, but you can try.
  • #2,423
  • Jan 19, 2016 4:17pm Jan 19, 2016 4:17pm
Quoting Desiree
{quote} Yes, I did read every page, but I don't find the rules stated out to where I understand them. Could someone help? Maybe list the rules or show me the post that I missed? Regards
Which part of rules don't you understand?
  • #2,424
  • Jan 19, 2016 4:34pm Jan 19, 2016 4:34pm
Quoting Erebus
{quote} {quote} Dimdel, say all you want about me, I don't care, but please help these people out - every day they are asking this question!
usally i dont say for nobody BUT...
maybe there is a reason?
maybe you are the cause?

You think that was serious with your comment about MA ?
MA?
you remind us the MA;
mama mia.....

PLEASE MY FRIEND
WE DONT PLAY HERE IN THE BEACH
IF YOU HAVE SOMETHING TO GIVE OK . SHOW US FIRST THE RESULT
TRADE WITH MA AND GIVE YOUR REPORT TO FOLLOW YOU

i want to be polite
dont provoke me and i will not provoke you, fair deal, dont you think?
  • #2,425
  • Jan 19, 2016 9:40pm Jan 19, 2016 9:40pm
That is hilarious response - very twisted logic

It's your thread, you can't tell the rules............

And the reason new people have a problem is.........

Because of me??? Please explain

Maybe you are all too color blind to trade; you are always looking for color change when you should in fact....

Just trade 1 color with the trend, think about it, you might make some pips for a change

Attached Image (click to enlarge)
Click to Enlarge Name: 20-01-2016 1-35-52 PM.png Size: 46 KB
It takes a lot for me to IGNORE you, but you can try.
  • #2,426
  • Jan 19, 2016 9:47pm Jan 19, 2016 9:47pm
Quoting Erebus
That is hilarious response - very twisted logic It's your thread, you can't tell the rules............ And the reason new people have a problem is......... Because of me??? Please explain Maybe you are all too color blind to trade; you are always looking for color change when you should in fact.... Just trade 1 color with the trend, think about it, you might make some pips for a change {image}
Hi Erebus.

Can u pm me your indicators and template for the chart.
I like the simplicity of the charts.

Thanks in advance.
  • #2,427
  • Jan 20, 2016 1:40am Jan 20, 2016 1:40am
Quoting Erebus
That is hilarious response - very twisted logic It's your thread, you can't tell the rules............ And the reason new people have a problem is......... Because of me??? Please explain Maybe you are all too color blind to trade; you are always looking for color change when you should in fact.... Just trade 1 color with the trend, think about it, you might make some pips for a change {image}
Hi Erebus, if you think you found new strategy, pls, open your own thread. If you want to improve redgreen strategy, stay here, but with potential changes original strategy and no absolutely different system. Your system is trend system, redgreen isn't.
I think results of Dimdel's trades are too good to mix it with another different ideas.
All we need at this moment is improve redgreen EA, make a good BT and after that we can add some additional filters. It's the fastest way.
  • #2,428
  • Jan 20, 2016 2:31am Jan 20, 2016 2:31am
Quoting dafa
{quote} Which part of rules don't you understand?
I guess the thing I want to know is, what is the rule for entering? In other words, what criteria must we see to enter? Thank you again in advance.
  • #2,429
  • Jan 20, 2016 3:06am Jan 20, 2016 3:06am
Quoting Desiree
{quote} I guess the thing I want to know is, what is the rule for entering? In other words, what criteria must we see to enter? Thank you again in advance.
I am sure it should be in history but:

1. You have to wait for new candle color (H4 or D1, TF it's up to you)
2. If it happen then you place buy stop order (if candle is blue) or sell stop (if candle is red) few pips above/bellow that candle
3. You have to draw FIBO from that signal candle with levels 0%,100%,180% and 300%
4. SL is 0%, TP is 300%, BE is 180%
5. If next candle after signal candle doesn't hit your sell/buy stop order you have to cancle this order and wait for new signal candle

Is't clear or not?
  • #2,430
  • Jan 20, 2016 4:46am Jan 20, 2016 4:46am
Quote
4. SL is 0%
???
Greed and fear kills traders
  • #2,431
  • Jan 20, 2016 5:04am Jan 20, 2016 5:04am
Quoting FoxTraderGBP
{quote} ???
Is it clear now?
Attached Image
  • #2,432
  • Jan 20, 2016 5:08am Jan 20, 2016 5:08am
This is how I understood the rules which dafa already described.

Attached Image (click to enlarge)
Click to Enlarge Name: 2016_01_20_11_49_23.png Size: 7 KB


Also, as a signal filter rule big candles are not to be traded. For me, 'big' is something that has range greater then ATR(30) value. So once you see those, skip it and wait for the next color change. Someone mentioned in the thread that if next candle, after the signal candle, is inside candle then you can apply same rules to inside candle and set the orders.

Attached Image
  • #2,433
  • Jan 20, 2016 5:15am Jan 20, 2016 5:15am
Quoting bopuc
This is how I understood the rules which dafa already described. {image} Also, as a signal filter rule big candles are not to be traded. For me, 'big' is something that has range greater then ATR(30) value. So once you see those, skip it and wait for the next color change. Someone mentioned in the thread that if next candle, after the signal candle, is inside candle then you can apply same rules to inside candle and set the orders. {image}
Yes, perfect answer. Size of signal candle or filtering big candles is up to you. There isn't any strict rule. Everybody can do it as he wants. Pips, ATR, just eye ;-)
  • #2,434
  • Jan 20, 2016 1:38pm Jan 20, 2016 1:38pm
Quoting dafa
{quote} Is it clear now? {image}
Yes, thank you, everyone. It has been explained very clearly now. Thank you for your patience.
  • #2,435
  • Jan 20, 2016 2:19pm Jan 20, 2016 2:19pm
Quote
Is it clear now?
Now it's all clear.
Greed and fear kills traders
  • #2,436
  • Jan 20, 2016 4:49pm Jan 20, 2016 4:49pm
Quoting dafa
{quote} I am sure it should be in history but: 1. You have to wait for new candle color (H4 or D1, TF it's up to you) 2. If it happen then you place buy stop order (if candle is blue) or sell stop (if candle is red) few pips above/bellow that candle 3. You have to draw FIBO from that signal candle with levels 0%,100%,180% and 300% 4. SL is 0%, TP is 300%, BE is 180% 5. If next candle after signal candle doesn't hit your sell/buy stop order you have to cancle this order and wait for new signal candle Is't clear or not?
this could be moved to first post
  • #2,437
  • Jan 20, 2016 10:44pm Jan 20, 2016 10:44pm
Quoting bopuc
This is how I understood the rules which dafa already described. {image} Also, as a signal filter rule big candles are not to be traded. For me, 'big' is something that has range greater then ATR(30) value. So once you see those, skip it and wait for the next color change. Someone mentioned in the thread that if next candle, after the signal candle, is inside candle then you can apply same rules to inside candle and set the orders. {image}
Nice charts but one more point can be added.

Once you understand the entries and the levels then there are the following to be considered:

1. implementing Buy_Limit order and
2. implementing Sell_Limit order

Which is usually from the 23.6 Fib (or close to that ratio) which allows for the times when price pulls away from being triggered in the direction of the signal candle and entry is potentially gained on a pullback to the 23.6 Fib.

If price keeps pulling back then the stop is relatively small (Dimdel has mentioned this before) but if the trade hits TP then of course the result is much greater due to a far higher number of pips (just compare break of signal candle +2-5 pips to the limit order).

It is a very simple trading method once you understand it ... nothing tricky here!

Good trading,

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #2,438
  • Edited Jan 21, 2016 3:39am Jan 20, 2016 11:59pm | Edited Jan 21, 2016 3:39am
Mastermind do you do that for every signal candle ( put stop order on break of the candle and limit order on 23% fib ) or there is a rule when you apply this approach?

I understand that this approach will raise RR ratio significantly just have to test and see if it's worth it since drastic drop in win % will follow as well ( just glanced at charts a bit ) since many skipped signal candles ( due to not triggering stop order ) are turned to loss by adding this approach.
  • #2,439
  • Jan 21, 2016 3:29am Jan 21, 2016 3:29am
Quoting Masterrmind
{quote} Nice charts but one more point can be added. Once you understand the entries and the levels then there are the following to be considered: 1. implementing Buy_Limit order and 2. implementing Sell_Limit order Which is usually from the 23.6 Fib (or close to that ratio) which allows for the times when price pulls away from being triggered in the direction of the signal candle and entry is potentially gained on a pullback to the 23.6 Fib. If price keeps pulling back then the stop is relatively small (Dimdel has mentioned this before) but if...
You are right, this feature Dimdel added later but I don't trade it. But it doesn't mean it's bad. Just it needs more time to manage of your active trades and I have no time.;-) Maybe using EA can resolve this..
  • #2,440
  • Jan 21, 2016 7:46am Jan 21, 2016 7:46am
hi boys and girls

i hope all was short, no?
1 trader viewing now