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Atheer's master trading method

  • #21
  • May 21, 2016 12:40am May 21, 2016 12:40am
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atheer1
  • #22
  • May 21, 2016 12:44am May 21, 2016 12:44am
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atheer1
  • #23
  • May 21, 2016 12:48am May 21, 2016 12:48am
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atheer1
  • #24
  • Edited 1:03am May 21, 2016 12:51am | Edited 1:03am
So is it safe to assume that the candle size MUST be equal or more than 10 pips (or whatever the line deviation for that timeframe) ??

Sorry for my many questions .. but the first backtest i ran using your method matches the screenshots you've submit .. but results in a big draw and lesser profit over two months..

so i am trying to refine the code to match ( your ) method then submit my backtest here.. along with the ea of course if results are encouraging
  • #25
  • May 21, 2016 1:10am May 21, 2016 1:10am
Quoting Median
So is it safe to assume that the candle size MUST be equal or more than 10 pips (or whatever the line deviation for that timeframe) ?? Sorry for my many questions .. but the first backtest i ran using your method matches the screenshots you've submit .. but results in a big draw and lesser profit over two months.. so i am trying to refine the code to match our method then submit my backtest here.. along with the ea of course if results are encouraging
the line concept is important in the system,but not any line but those which are drawn at 10s for the H1 chart the lesser the size of the body of the master candle the less accurate.
If the body of the master candle is not crossing a line it is safer to leave the trade.Some candles have bodies which are smaller than 10 but cross a line so should be considered
Another important filter mentioned in the document is that the close of the master candle should not be equal to the line value
atheer1
  • #26
  • May 21, 2016 1:12am May 21, 2016 1:12am
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atheer1
  • #27
  • May 21, 2016 1:21am May 21, 2016 1:21am
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atheer1
  • #28
  • May 21, 2016 1:32am May 21, 2016 1:32am
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atheer1
  • #29
  • May 21, 2016 1:43am May 21, 2016 1:43am
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atheer1
  • #30
  • May 21, 2016 1:45am May 21, 2016 1:45am
I will give sometime for traders to digest the method and for me to have some rest............
So you soon............
atheer1
  • #31
  • May 21, 2016 9:44am May 21, 2016 9:44am
I'm back testing. Can candle #3 or4 be used as entry candle? (candle #2 doesn't close past #1)
  • #32
  • May 21, 2016 10:39am May 21, 2016 10:39am
Quoting plind
i'm back testing. Can candle #3 or4 be used as entry candle? (candle #2 doesn't close past #1)
master method main setup requires candle 2 to pass candle 1 open.........
There are other variants of this method we will come to it later on in this thread...........
I want to be sure that master setup to be clear first to go further
atheer1
  • #33
  • May 21, 2016 11:56am May 21, 2016 11:56am
1st post is updated with a variant of this method...................
atheer1
  • #34
  • May 21, 2016 11:56am May 21, 2016 11:56am
Quoting atheer1
{quote} master method main setup requires candle 2 to pass candle 1 open......... There are other variants of this method we will come to it later on in this thread........... I want to be sure that master setup to be clear first to go further
thank you very much for sharing your method,atheer. I will learn and try it!

hope I could learn more from you!
  • #35
  • May 21, 2016 12:47pm May 21, 2016 12:47pm
I would like to encourage traders to automate this method as it can be a complete mechanical method...............
atheer1
  • #36
  • May 21, 2016 12:54pm May 21, 2016 12:54pm
Quoting vanityfair
{quote} thank you very much for sharing your method,atheer. I will learn and try it! hope I could learn more from you!
Not at all
atheer1
  • #37
  • May 21, 2016 4:51pm May 21, 2016 4:51pm
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atheer1
  • #38
  • May 21, 2016 9:09pm May 21, 2016 9:09pm
My problem with automating this method is the golden indicator.. if you can provide a source/output/alternative basic indi for it i'll have an ea ready in no time.. i've crafted most of the method and been running tests since yesterday.. the max i juiced out is 3.2 profit factor.. but without the golden indi i can never tell if this method works on the long run or not..

Can you suggest an alternative native indicator that might work? i have tried many including rsi, stoch, macd and even ichimoku but none works well.. it is very easy to grab those trades you posted lately, but maybe if you can provide few trades that dates months back then a year back i can connect the dots and bring forward a system with matching results
  • #39
  • May 22, 2016 8:18am May 22, 2016 8:18am
Quoting Median
My problem with automating this method is the golden indicator.. if you can provide a source/output/alternative basic indi for it i'll have an ea ready in no time.. i've crafted most of the method and been running tests since yesterday.. the max i juiced out is 3.2 profit factor.. but without the golden indi i can never tell if this method works on the long run or not.. Can you suggest an alternative native indicator that might work? i have tried many including rsi, stoch, macd and even ichimoku but none works well.. it is very easy to grab those...
Thanks for sharing one more of all your great methods Atheer!
Regards nikki
  • #40
  • May 22, 2016 10:01am May 22, 2016 10:01am
Quoting Median
My problem with automating this method is the golden indicator.. if you can provide a source/output/alternative basic indi for it i'll have an ea ready in no time.. i've crafted most of the method and been running tests since yesterday.. the max i juiced out is 3.2 profit factor.. but without the golden indi i can never tell if this method works on the long run or not.. Can you suggest an alternative native indicator that might work? i have tried many including rsi, stoch, macd and even ichimoku but none works well.. it is very easy to grab those...
Hello Median,

It was not my indicator,it is in post 18 I think..........
Would mind to clear what you need to see if I can provide it...................
I will try to post as much examples as possible choose the currency and I will provide all possible trades.........
In reality you don't need the indicator at all.As I am programming ignorant..............I can suggest a way of getting around the indicator
you have to check the following to identify master candle.................
In bear candles you have to check whether the Lower BB value is within the range of the candle
Second you have to check whether this candle has a lower wick i.e low < close
Third you have to check close which should not be equal to x,xxx0 where x is any number more than 0 i.e 4th digit of close should not be 0
next you have to check third digit of the close price let us call it y
and the 3rd digit of the low of the candle let us call it z
then if y>z both y,and z are not 0
then you have bear master candle
For bull master candle the reverse is right
atheer1
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