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Daily green/red candle

  • #2,621
  • Apr 8, 2016 7:59am Apr 8, 2016 7:59am
Quoting dimdel
hi my friends 1 more month testing ( live) with the same results and the revenge will be my main str {image} please i cant give details, just i want share my enjoy for the good results till now will see later.....
Seems very good! Wish you all the best for the next month.
  • #2,622
  • Apr 9, 2016 1:42am Apr 9, 2016 1:42am
Quoting Plague
{quote} Seems very good! Wish you all the best for the next month.
THANKS
  • #2,623
  • Apr 9, 2016 3:08am Apr 9, 2016 3:08am
Hi Dimdel..
you will riath something about revenge strategy?
  • #2,624
  • Apr 10, 2016 5:25am Apr 10, 2016 5:25am
Quoting maxtill
Hi Dimdel.. you will riath something about revenge strategy?
hi maxtill

is too early to say that is good strategy
need many time testing
so patiente

and be sure if is the perfect strategy, i dont have problem to share it
because proven strategy= many many profit ( during test)
so after my 1st million ok i let you win...........
  • #2,625
  • Apr 10, 2016 2:49pm Apr 10, 2016 2:49pm
Hehehe, you deserve this milion
  • #2,626
  • Apr 14, 2016 2:07am Apr 14, 2016 2:07am
HI



Attached Image (click to enlarge)
Click to Enlarge Name: EUR.png Size: 43 KB
  • #2,627
  • Apr 14, 2016 1:15pm Apr 14, 2016 1:15pm
Hi dimidel

Congrats on your revenge results.

Your revenge strategy resembles me a system I was experimenting with some time ago.

I was drawing s/r lines and if the candle touched the s/r line, I was entering on the close of a candle on a countertrade basis. Then if price went against me, I was adding additional position on the close of next candle and so on, averaging the price. When price reversed, in total, on all open positions I was in profit or at least was able to breakeven in most of the cases.

Example why I dropped this strategy can be observed on EUR / USD on 13 th April around 7-8 am (GMT +2 time) EU dropped to SR level I could have bought, then slipped a bit so I should have bought again, and again for 1 or 2 more candles. But then EU dropped heavily and I would have got a huge loss on all the positions opened.

When I went through you trade list I had an impression that your trading style is very similar, in addition I have impression that you dont put stop loss.

I wonder how you manage losess to avoid situation like the one that happened on EU recently? Do you keep remote stop loss or manually close the position if aggregated loss on all opened positions exceeds certain level?

Kind regards,
Paweł
  • #2,628
  • Apr 14, 2016 3:50pm Apr 14, 2016 3:50pm
Quoting Pavvel
Hi dimidel Congrats on your revenge results. Your revenge strategy resembles me a system I was experimenting with some time ago. I was drawing s/r lines and if the candle touched the s/r line, I was entering on the close of a candle on a countertrade basis. Then if price went against me, I was adding additional position on the close of next candle and so on, averaging the price. When price reversed, in total, on all open positions I was in profit or at least was able to breakeven in most of the cases. Example why I dropped this strategy can be observed...
hi pavvel

well 13/4/2016 i had only in USDJPY order
EU no trade

i use SL
  • #2,629
  • Apr 14, 2016 4:54pm Apr 14, 2016 4:54pm
Hi dimdel, nice result on revenge trade! Congrats!

do you mind to share the strategy in revenge TE? Is this breakout strategy?
Risk comes from not knowing what you're doing.
  • #2,630
  • Apr 14, 2016 6:38pm Apr 14, 2016 6:38pm
Impressive results so far! Can't wait to see the Revenge strategy.​
  • #2,631
  • Apr 15, 2016 1:10pm Apr 15, 2016 1:10pm
ok was good week
so good weekend to all
  • #2,632
  • Apr 16, 2016 1:25am Apr 16, 2016 1:25am
Quoting dragonexpert
Hi dimdel, nice result on revenge trade! Congrats! do you mind to share the strategy in revenge TE? Is this breakout strategy?
ok dragon
later i will do it
is too early to have proven strategy
also is too big profit to be true
so we must wait........ till my first milion
  • #2,633
  • Apr 16, 2016 3:09am Apr 16, 2016 3:09am
Quoting dimdel
{quote} hi pavvel well 13/4/2016 i had only in USDJPY order EU no trade i use SL
Hi Dimidel,

I noticed that yesterday, at some point, you had over 30% DD on your EU positions but you did not close them. Ulitmately the price reversed in your favour and you made it. But if the price continued going against you, you would lose at least 1/3 of your profits.

This is the key weakness of a system like this. Sooner or later the price will go against you and you'll suffer heavy loses.

I know that you know all of this But this is what I was refering to in my previous post. And if you want these results to be sustainable in the long run, you have to figure out how to minimize this risk.
  • #2,634
  • Apr 16, 2016 4:31am Apr 16, 2016 4:31am
Quoting Pavvel
{quote} Hi Dimidel, I noticed that yesterday, at some point, you had over 30% DD on your EU positions but you did not close them. Ulitmately the price reversed in your favour and you made it. But if the price continued going against you, you would lose at least 1/3 of your profits. This is the key weakness of a system like this. Sooner or later the price will go against you and you'll suffer heavy loses. I know that you know all of this But this is what I was refering to in my previous post. And if you want these results to be sustainable in...
right
i agree with you
( DD was -25,6%)
but

big risk=big profits

in anycase if the -25% DD give all the time 1100% profits is easy to calculate
2,5% risk=100% profits

yes its very good to be true
but at least i must try...........
who knows
after 2-3-6 months i will have good stat's
  • #2,635
  • Apr 16, 2016 4:56am Apr 16, 2016 4:56am
Quoting dimdel
{quote} right i agree with you ( DD was -25,6%) but big risk=big profits in anycase if the -25% DD give all the time 1100% profits is easy to calculate 2,5% risk=100% profits yes its very good to be true but at least i must try........... who knows after 2-3-6 months i will have good stat's
I was observing this live - over 30% - but this is less important. And this was DD of the total balance. So if things went wrong, it wouldn't be 1000% - 30% but 1/3 of 1000%. If you have accident like this 3 times in a row this means end of adventure.

And I was wondering when would you close - at -50% DD?
  • #2,636
  • Apr 16, 2016 1:31pm Apr 16, 2016 1:31pm
hi all,also attached to the system is green-red ,but on H4 I see and entrances more and more profit,but ,as all here,waiting for DIMDEL secret trading system REVENGE All a nice weekend,mega to ask,also I will be posting my trades,thank you in advance
  • #2,637
  • Apr 17, 2016 4:49am Apr 17, 2016 4:49am
Hi
Where can I find a summary of trading rules of this strategy
  • #2,638
  • Apr 17, 2016 3:54pm Apr 17, 2016 3:54pm
hi
the green red singals in April

EU - H4
no very good but
we have 2 weeks more

Attached Image (click to enlarge)
Click to Enlarge Name: green_red_h4.png Size: 49 KB
  • #2,639
  • Apr 18, 2016 1:44am Apr 18, 2016 1:44am
Is there a particular rule your are applying for reducing the risk, as it looks arbitrary in your given attachment?
  • #2,640
  • Apr 18, 2016 2:38am Apr 18, 2016 2:38am
Quoting Drolph
Is there a particular rule your are applying for reducing the risk, as it looks arbitrary in your given attachment?
previus day green = 5% risk for long signals / 2,5% fo short
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