STOP and Reverse | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Buy Stop and Sell Stop orders with OCO and Trailing Stop 0 replies

Trading platform with no-charge stop and reverse functions ? 0 replies

Stop and Reverse 2 replies

Parabolic SAR (Stop and Reverse) ind 7 replies

How set Stop and Reverse orders? 5 replies

Attachments: STOP and Reverse
Exit Attachments

STOP and Reverse

  • #1
  • First Post: May 20, 2016 8:23am May 20, 2016 8:23am
stop
and
REVERSE,



Hi guys

This thread is not the winning system. Anyone who copies any of my trades do so at their own risk.

I first got this idea from another thread call SAR ON THE 4 HR CHART. Which I was contributing to. But then I realised I was changing the rules so I've started this new Thread.

I'm still using the 4 yellow lines, But I'm not using the blue line or the red line. So that is a rule change
I'm using the one hour or the 30 minute chart to pick my entry point. So that is a rule change. Also I am closing my trades instead of letting them run all the time so that is a rule change. I am also moving the stop to take profit at a earlier stage.
I'm also only using three pairs EUR/GBP, EUR/USD, GBP/USD, the reason I'm only using three pairs is I want to get to know where these pairs go. I want to know when they are at the top of the price and when they are at the bottom of the price I just need to know how these pairs react to everyday life. I will be using the lot size 0.10
there will be two moving averages on my chart 14 period and a 4 period will also be an RSI which is a 14 period.

I will probably be only on the site 3 days of the week probably around 8 o'clock London open and about 2 o'clock New York open that London time.

Just another point as soon as we can we will make our stops smaller and even go to break even with them.

I will make a short video just to show you how I get an entry point,
  • #2
  • May 20, 2016 8:28am May 20, 2016 8:28am
Attached Image (click to enlarge)
Click to Enlarge Name: OctaTraderSAR24.png Size: 106 KB



this is what my chart look like,
  • #3
  • Edited 8:48am May 20, 2016 8:38am | Edited 8:48am
Attached Image (click to enlarge)
Click to Enlarge Name: OctaTradersar26.png Size: 110 KB



Inserted Video

have a nice weekend
  • #4
  • May 20, 2016 4:33pm May 20, 2016 4:33pm
Your yellow lines look like they box in the highest open and lowest H1 open of the day which is the foundation of my method.

Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 36 KB


Attached Image (click to enlarge)
Click to Enlarge Name: tooslow1.png Size: 39 KB


Attached Image (click to enlarge)
Click to Enlarge Name: tooslow2.png Size: 38 KB


The method trades the reversal through these opens.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5
  • May 21, 2016 7:03am May 21, 2016 7:03am
Quoting TooSlow
Your yellow lines look like they box in the highest open and lowest H1 open of the day which is the foundation of my method. {image} {image} {image} The method trades the reversal through these opens.

You are right we are working on the over Sold and over Bought area
Trading the reverse.
I think it's very important to know where these areas are .
They are overlooked by a most traders. This is why I will be concentrating
on only three pairs. I'm hoping at the start of every week to clearly mark where these areas are on my charts . If you like to make a comment or suggestion on how to improve my system feel free. I will be dropping in on your thread to see if I can pick up any useful tips.
Attached Image (click to enlarge)
Click to Enlarge Name: OctaTrader33.png Size: 99 KB
Attached Image (click to enlarge)
Click to Enlarge Name: OctaTrader44.png Size: 124 KB


thank you for your time.
  • #6
  • May 21, 2016 8:13am May 21, 2016 8:13am
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #7
  • May 21, 2016 8:13am May 21, 2016 8:13am
I have been a long time never post any message on FF. This is my first post and this thread apparently catch my attention. Why?

Because i am also trading in this similar way, by looking at overbought and oversold area, and support and resistance area to trigger the position. Anyway, looking at this thread to see what else could assist on my trading.

Thanks.
  • #8
  • May 21, 2016 12:53pm May 21, 2016 12:53pm
Quoting redfan
{quote} You are right we are working on the over Sold and over Bought area Trading the reverse. I think it's very important to know where these areas are . They are overlooked by a most traders. This is why I will be concentrating on only three pairs. I'm hoping at the start of every week to clearly mark where these areas are on my charts . If you like to make a comment or suggestion on how to improve my system feel free. I will be dropping in on your thread to see if I can pick up any useful tips.{image}{image} thank you for your time.
You are welcome to post on my threads.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9
  • May 21, 2016 3:43pm May 21, 2016 3:43pm
Attached Image (click to enlarge)
Click to Enlarge Name: OctaTrader2305.png Size: 96 KB
  • #10
  • May 23, 2016 2:05am May 23, 2016 2:05am
2nd week of testing

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd stoprev1test.png Size: 106 KB
  • #11
  • May 23, 2016 2:50am May 23, 2016 2:50am
Looking forward to see how you go with this new method redfan. Cheers.
JAGfx
  • #12
  • May 23, 2016 3:26am May 23, 2016 3:26am
£30.62 down with buy trade,
Stop and rev up and running.


Attached Image (click to enlarge)
Click to Enlarge Name: stoprev2 test.png Size: 99 KB
  • #13
  • May 23, 2016 3:45am May 23, 2016 3:45am
Going out now back in 4 hours


Attached Image (click to enlarge)
Click to Enlarge Name: STOP R TEST3.png Size: 100 KB
  • #14
  • May 23, 2016 9:00am May 23, 2016 9:00am
profit from last trade £8.86 see last chart

new trade with stop and rev in place

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd test4.png Size: 105 KB
  • #15
  • May 23, 2016 10:14am May 23, 2016 10:14am
As I've only just started testing this from last week.
The rules are evolving as I go and I would like to make one point.
I am constantly moving my stoploss.
Soon as I can get to break even. and as soon as I can i move it to profit.
  • #16
  • May 23, 2016 11:43am May 23, 2016 11:43am
The market looks like it is going sideways to day.
I have not had much luck with my 3 pairs.
I can't seem to get my yellow lines in place because the market is going sideways. Profit for the day was £18.46 and loss for the day £58.22 equals £39.76 loss.
Hoping for better luck tomorrow.
  • #17
  • May 23, 2016 1:12pm May 23, 2016 1:12pm
Attached Image (click to enlarge)
Click to Enlarge Name: OctaTraderSTOP R TEST6.png Size: 105 KB
  • #18
  • May 23, 2016 1:20pm May 23, 2016 1:20pm
Would you please list your rules?
Thank you.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #19
  • Edited 2:14pm May 23, 2016 1:35pm | Edited 2:14pm
Quoting TooSlow
Would you please list your rules? Thank you.


It's not been a very good day for trading this system with the three pairs I picked.
In the last hour just noticed that one of the pair's started to move so I place my yellow lines on botton of each candle as it moved that gave me an entry point. There's no rule on stoploss because I move it to break even as soon as possible and then to take profit as soon as possible. It is at this point I look for the reverse trade and place a reverse trade where I place my take profit line so the trade comes down and hit's my take profit line it also hit's my reverse trade.
I hope this is a bit clearer.
  • #20
  • May 23, 2016 2:03pm May 23, 2016 2:03pm
Inserted Video
0 traders viewing now