EOD -1 day hold | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EOD p/l = my day my way 38 replies

EOD trading system 1,037 replies

EOD System 19 replies

Best EOD strategy 5 replies

The meaning of EOD? 3 replies

Attachments: EOD -1 day hold
Exit Attachments

EOD -1 day hold

  • #161
  • Mar 11, 2016 10:16pm Mar 11, 2016 10:16pm
Quoting Mr.EA
To confirm the repaint thing, put daily or 5min chart in strategy tester and then let run some arrows. Then go to historical chart in the same date like the chart of the strategy tester and then you will see in the chart tester some arrows that doesn't appears in the historical chart. If you make a very good profit how you make the indi don't repaint?? Cheers
Not sure
What I have been doing for a few months is when an arrow shows up on a closed candle I mark it with an arrow from MT4 and so far no arrows have disappeared. What you do get is an arrow will show up in the middle of a candle while it is forming but if you quickly change TFs it will disappear. Also if you put the actual ADX indicator on the chart you will see how the +DI and _DI crosses line up nicely with the arrows.
Maybe if you are worried about it just use the ADX indi form MT4. Seriously the arrows are working fine. I think the arrows you notice are from when during a candle forming the ADX might cross and then uncross. (not the actual ADX but the +DI and -DI lines)
  • #162
  • Mar 12, 2016 12:45am Mar 12, 2016 12:45am
Quoting cfudge
{quote} Not sure What I have been doing for a few months is when an arrow shows up on a closed candle I mark it with an arrow from MT4 and so far no arrows have disappeared. What you do get is an arrow will show up in the middle of a candle while it is forming but if you quickly change TFs it will disappear. Also if you put the actual ADX indicator on the chart you will see how the +DI and _DI crosses line up nicely with the arrows. Maybe if you are worried about it just use the ADX indi form MT4. Seriously the arrows are working fine. I think the...

Ok friend,

Yes it looks like if I change the time frame the extra arrows dissapears, we use it only one time per day so I think there is no problem with the refresh of the indicator. Ok so I will make some back testing and make some trades in forward testing, with your results this strategy looks so profitable.

thank you for your answer friend. Green pips ever!
  • #163
  • Mar 12, 2016 1:00am Mar 12, 2016 1:00am
Hey cfudge,

I have a last question for now hehe, how you handle the sunday open? Looks this example, there was 3 winner trades if we ignore the sunday candle or 3 lost trades if we follow the rule.
Attached Image (click to enlarge)
Click to Enlarge Name: Captura.JPG Size: 110 KB
  • #164
  • Mar 12, 2016 3:32am Mar 12, 2016 3:32am
Quoting Mr.EA
Hey cfudge, I have a last question for now hehe, how you handle the sunday open? Looks this example, there was 3 winner trades if we ignore the sunday candle or 3 lost trades if we follow the rule. {image}
I'd like to see a bigger sample, but what you've revealed is interesting. I'm going to scroll through some charts and see if I can replicate your findings.
  • #165
  • Mar 12, 2016 2:23pm Mar 12, 2016 2:23pm
Quoting Mr.EA
Hey cfudge, I have a last question for now hehe, how you handle the sunday open? Looks this example, there was 3 winner trades if we ignore the sunday candle or 3 lost trades if we follow the rule. {image}
My broker is Global Prime who are NY close and do not have a Sunday candle...problem solved
  • #166
  • Mar 12, 2016 4:06pm Mar 12, 2016 4:06pm
Quoting cfudge
{quote} My broker is Global Prime who are NY close and do not have a Sunday candle...problem solved
Nice broker friend,

well I just ignore the sunday candle it's better. Another cuestion please I hope it is the last one. You close the positions before or after a new daily candle appears? Because friday in EURUSD we have a profit signal but you leave the trade all weekend or close before the end of the current candle?
Attached Image (click to enlarge)
Click to Enlarge Name: Captura.JPG Size: 73 KB
  • #167
  • Mar 12, 2016 9:10pm Mar 12, 2016 9:10pm
Quoting Mr.EA
{quote} Nice broker friend, well I just ignore the sunday candle it's better. Another cuestion please I hope it is the last one. You close the positions before or after a new daily candle appears? Because friday in EURUSD we have a profit signal but you leave the trade all weekend or close before the end of the current candle? {image}
My aim every day is to close trades and open new trades before the new candle starts. Which is 2:00 pm for me so most days I am still at work so I have to wait until I get home to set new trades. But if I haven't closed the trades during the day I will make sure I use my phone to close before 2:00 pm.

Yes if I miss the close on Friday then I would have to let the trades run till sunday. But if I have closed before Friday close I do set new trades on Friday and let them run over the weekend
  • #168
  • Mar 13, 2016 4:29am Mar 13, 2016 4:29am
I know this goes against the original rules, but has anyone experimented with a SL? If the entry candle
ends up going the wrong way, then maybe a SL could improve the results. Just thinking out loud, here.
I may open another terminal and duplicate the original trades with ones with a SL.
  • #169
  • Mar 13, 2016 12:05pm Mar 13, 2016 12:05pm
Quoting ChicagoRob
I know this goes against the original rules, but has anyone experimented with a SL? If the entry candle ends up going the wrong way, then maybe a SL could improve the results. Just thinking out loud, here. I may open another terminal and duplicate the original trades with ones with a SL.
Maybe instead of SL, we can use TP of 100 pips, because I was whatching yesterday all the entries in some pairs and many daily candle touch 100, some times it goes to 300 o 500 pips but is a very special day, If we have an EA with optional use TP and SL it will be great for back testing.
  • #170
  • Mar 13, 2016 1:25pm Mar 13, 2016 1:25pm
Just a quick headsup.This indicator is used for Binary Options but throw it on top of a daily chart and you have a pretty accurate indicator.

18 wins, 4 losses on the EU pair, dated back to Jan 2015....

https://www.tradingview.com/script/i...MightyChicken/

(it is only an example based on bearish and bullish harami candles, but it throws out really good signals and from what I0ve seen, it does not repaint)

An MT4 indy shouldn't be taht difficult to create.

Lets say your risk is 1% of your portfolio which would be equivalent to the past candle. Your total downside from Jan 1st 2015 to date would be about 10.12%. The % won would be about 25-30% portfolio. Risk 2% and you would0ve had yourself a year!

Here's an example of a very nice streak!

Attached Image (click to enlarge)
Click to Enlarge Name: bin1.PNG Size: 51 KB


I know, this indy has nothing to do with what you are working with but at the end of the day you are trading extremely similar to BO traders, juts on a daily chart...
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #171
  • Mar 13, 2016 1:29pm Mar 13, 2016 1:29pm
Here are three of the four losing trades. I'd estimate about a loss of 10% with thise three:

Attached Image (click to enlarge)
Click to Enlarge Name: bin2.PNG Size: 59 KB


The five winners would amount up to ca. 9-11% profit.
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #172
  • Mar 13, 2016 1:37pm Mar 13, 2016 1:37pm
Quoting Mr.EA
{quote} Maybe instead of SL, we can use TP of 100 pips, because I was whatching yesterday all the entries in some pairs and many daily candle touch 100, some times it goes to 300 o 500 pips but is a very special day, If we have an EA with optional use TP and SL it will be great for back testing.
What about a TS at 100 pips? Once it gets to that point, it can always go higher. Of course, if it's a 300-pip candle, it may get stopped out earlier, but what the heck, it's worth a try.
  • #173
  • Mar 13, 2016 2:01pm Mar 13, 2016 2:01pm
Quoting cfudge
{quote} Hi Guys. I have been trading this system now for 3 months, every day since October 5. I have all the results attached... However I have tweaked it a little. I only use the ADX nonrepaint indicator and I trade every opposite candle until the new arrow shows up. (This was suggested earlier in the thread). So not just the first opposite candle but every opposite candle until a new ADX arrow shows up. On the daily candles where an arrow shows up I still trade it if it is an opposite colour from the previous ADX arrow. If the new arrow is on...
Friend cfudge,

I was looking your results and then in the chart follow the entries and you have a lot of entries when in the chart is much less entries than yours. Are you sure you make a good backtesting? do you have an MT4 Estatement results to see all your operations please?

Cheers
  • #174
  • Mar 13, 2016 6:52pm Mar 13, 2016 6:52pm
Hello traders,

This strategy is very good, I test it with the rules and the ADX non repaint but I change the ADX for another indicator and looks better results. Right now I'm going to open this 3 signals:

EURUSD Long
GBPNZD Long
NZDCAD short

I'm going to test it this week with my indicator and share the results. Let's hope this system works good.
  • #175
  • Mar 14, 2016 11:23am Mar 14, 2016 11:23am
Hello, Sharing the trades.

The trades with Red point was taken with my indicator. The other ones was taken with ADX indicator.

Amazing profit for first forward test.

Let's hope more or same profit in the end of the day.
Attached Image (click to enlarge)
Click to Enlarge Name: Captura.JPG Size: 81 KB
  • #176
  • Mar 14, 2016 12:05pm Mar 14, 2016 12:05pm
Quoting Invermac
Hello, Sharing the trades. The trades with Red point was taken with my indicator. The other ones was taken with ADX indicator. Amazing profit for first forward test. Let's hope more or same profit in the end of the day. {image}
We would be very interested in the other indicator used for your forward test. However, it looks like ADX did better.
  • #177
  • Mar 14, 2016 12:17pm Mar 14, 2016 12:17pm
That's right the ADX have more signal but it have more false signal than my indicator. I did BT and I have better results with my indicator than the ADX. Let me finish the BT of January 2015 with both indicator and then I will share. I'm handling 27 pairs.
  • #178
  • Mar 14, 2016 12:27pm Mar 14, 2016 12:27pm
Quoting Invermac
That's right the ADX have more signal but it have more false signal than my indicator. I did BT and I have better results with my indicator than the ADX. Let me finish the BT of January 2015 with both indicator and then I will share. I'm handling 27 pairs.
Thanks for your efforts, Invermac. Sounds like a lot of work. We will be patiently waiting.
  • #179
  • Mar 15, 2016 9:53am Mar 15, 2016 9:53am
I'm glad it's only play money. My demo is going straight into the gutter.
  • #180
  • Mar 17, 2016 9:00am Mar 17, 2016 9:00am
Hi guys,
Did backtest of this strategy from January, 10 2014 till 05 August 2015. total 547 days.
I've done back test of GBP/USD using forex tester.
Attached Image (click to enlarge)
Click to Enlarge Name: !stats.png Size: 11 KB


As you can see we have a quite significant number of trades to count it as statistical experiment.
S, no edge, at least at GBP/USD.
Per aspera ad astra
1 trader viewing now