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Atheer's master trading method

  • #61
  • May 22, 2016 10:10pm May 22, 2016 10:10pm
Nice work Median. I can tell by your chart in post #45, that your thought process has many levels. Alien perhaps??? LOL

Seriously good stuff. Keep it up.
  • #62
  • May 22, 2016 10:46pm May 22, 2016 10:46pm
so i was going about trying to apply an alien face effect to my photo and this is the message i got
Attached Image (click to enlarge)
Click to Enlarge Name: dd.jpg Size: 17 KB
  • #63
  • May 23, 2016 12:57am May 23, 2016 12:57am
Hi atheer,

can you see the attached image...i have marked arrow which seems like fitting in the rules for sell signal?

Attached Image (click to enlarge)
Click to Enlarge Name: 280.png Size: 81 KB


is it valid?

though it was loosing...

let me know

thanks
  • #64
  • May 23, 2016 1:17am May 23, 2016 1:17am
Quoting Median
so i was going about trying to apply an alien face effect to my photo and this is the message i got {image}
Haha
  • #65
  • May 23, 2016 3:01am May 23, 2016 3:01am
Quoting shg
Hi atheer, can you see the attached image...i have marked arrow which seems like fitting in the rules for sell signal? {image} is it valid? though it was loosing... let me know thanks
I dont think that was valid since the body of the "bull master candle" didnt cross a line!

Atheer wrote in post 15:
The master candle must cross at least one line by its body to be valid and since the master candle is not OK so the trade is not valid

Regards nikki
  • #66
  • May 23, 2016 4:02am May 23, 2016 4:02am
Hey guys,

If you check some of the charts attached lately by Atheer it clearly displays the line within the the High-Low range of the candle and not necessarily the body itself.. namely shot 300 and above..

Nikki .. glad you had a laugh

I am attaching here two chart shots of the backtest i ran so far between mid january 2016 and today on GBP/USD

The first one is using the EXACT method mentioned by atheer.. with no modifications..

The inputs were:
Price Action "explained in previous posts and charts"
Bollinger Bands: period 20 , deviation 2
Minimum pips: 10 pips between high and low of the master candle, if we are to take the golden indicator's word.
Trade Time: All day.
Pips deviation: 0 pips were added to the SL to relax it.
Risk/Reward: 2

In addition to partial positions, closing on half TP (1:1), then move to breakeven and close second half on TP (2:1)

RESULT: 118 (59 setups) positions, Profit Factor = 1.68, Drawdown 18% , Net profit = 48%.

----------
After optimizing it :

Price Action "explained in previous posts and charts"
Bollinger Bands: period 22 , deviation 2
Minimum pips: 5 pips between high and low of the master candle
Trade Time: Stops trading between 1pm till 3pm London Time, Perhaps because big players take a lunch break that the market starts jumping around.
Pips deviation: 10 pips were added to the SL to relax it.
Risk/Reward: 5... YES FIVE!

TP1 (1:1), then TRAIL the price with the same amount of pips on TP1 all the way to TP2 (5:1)

RESULT: 98 (49 setups) positions, Profit Factor = 2.24, Drawdown 12% , Net profit = 141%.

Aside from the above, i used the Money Flow index with the same period as the bollinger bands, as both represent volatility

If MFI is going up, then i'll buy and vise versa.

I'm all eye(r)s for any suggestions

Equity Charts :
Attached Image(s) (click to enlarge)
Click to Enlarge Name: without.jpg Size: 151 KB
Click to Enlarge Name: with.jpg Size: 110 KB
  • #67
  • May 23, 2016 4:13am May 23, 2016 4:13am

A bear master candle: is a bear candle with a lower wick that is including a line(s) in its range(range of the lower wick),and the close of the candle is not equal to a line


What "line" are we talking about?

  • #68
  • Edited 4:31am May 23, 2016 4:19am | Edited 4:31am
Quoting Median
Hey guys, If you check some of the charts attached lately by Atheer it clearly displays the line within the the High-Low range of the candle and not necessarily the body itself.. namely shot 300 and above.. Nikki .. glad you had a laugh I am attaching here two chart shots of the backtest i ran so far between mid january 2016 and today on GBP/USD The first one is using the EXACT method mentioned by atheer.. with no modifications.. The inputs were: Price Action "explained in previous posts and charts" Bollinger Bands: period 20 , deviation 2 Minimum...
Sorry Median, but you made my day!
Looks like great results! Lets hear what Atheer say......
Regards nikki
  • #69
  • May 23, 2016 5:43am May 23, 2016 5:43am
Quoting gvmgvm
A bear master candle: is a bear candle with a lower wick that is including a line(s) in its range(range of the lower wick),and the close of the candle is not equal to a line What "line" are we talking about?
If you start to read from page 1, it will be easier.....
Look at post 18!
  • #70
  • May 23, 2016 6:51am May 23, 2016 6:51am
Quoting Median
Hey guys, If you check some of the charts attached lately by Atheer it clearly displays the line within the the High-Low range of the candle and not necessarily the body itself.. namely shot 300 and above.. Nikki .. glad you had a laugh I am attaching here two chart shots of the backtest i ran so far between mid january 2016 and today on GBP/USD The first one is using the EXACT method mentioned by atheer.. with no modifications.. The inputs were: Price Action "explained in previous posts and charts" Bollinger Bands: period 20 , deviation 2 Minimum...

A Very nice job median,

Hope you can share the ea with us to test on more pairs including cross pair.
I tried today manually on GBPJPY pair and they're both got stop loss. Entered sell on EURUSD and hit TP but I test 1:1 RR. The only thing I suggest is that it might be better to enter this following a bigger time frame trend.
Maybe you can add this.

What time frame you use for the trade?
  • #71
  • May 23, 2016 9:11am May 23, 2016 9:11am
Very nice work Atheer. Simple set ups, no convoluted hodgepodge, of messy charts, that makes one's eyes bleed.
  • #72
  • May 23, 2016 9:49am May 23, 2016 9:49am
Keep it coming Atheer ,really interesting strategy.
How do you judge the first candle has occurred ? Do you just look for the set up anywhere ? I hope you understand my question.

Thanks
  • #73
  • May 23, 2016 11:18am May 23, 2016 11:18am
Quoting nikki
{quote} I dont think that was valid since the body of the "bull master candle" didnt cross a line! Atheer wrote in post 15: The master candle must cross at least one line by its body to be valid and since the master candle is not OK so the trade is not valid Regards nikki
Thanks nikki for your help.Your answer was right.
atheer1
  • #74
  • May 23, 2016 11:25am May 23, 2016 11:25am
Quoting gvmgvm
A bear master candle: is a bear candle with a lower wick that is including a line(s) in its range(range of the lower wick),and the close of the candle is not equal to a line What "line" are we talking about?
we are talking about sweet spot gold line,At 10 pip fixed grid in hourly chart............... and 1 pip fixed grid in one minute chart.............
atheer1
  • #75
  • May 23, 2016 11:26am May 23, 2016 11:26am
Quoting diamonddbw
Very nice work Atheer. Simple set ups, no convoluted hodgepodge, of messy charts, that makes one's eyes bleed.
hello diamonddbw,

Thanks for your contribution
atheer1
  • #76
  • May 23, 2016 11:56am May 23, 2016 11:56am
Quoting Median
Ok.. so for all the shots i got from you atheer ALL the trades were opened accurately by the bot In fact, the bot opened more trades on the same charts, so maybe you missed them, or perhaps my code is not refined.. Have a look on the attached ones.. the colored trades were opened by the bot, i took the liberty of redrawing them on your previous charts so everyone could keep track of what's going on.. I am sure there is more to this method, many trades go in the wrong direction, perhaps we can find a way of filtering those without indicators.....
Hello Median,

Thank you for contribution to this thread,greatly appreciated.
The original master method requires that the master candle is followed immediately by a candle that passes the open of the master one.
The variant master method carries the same idea but a group of candles preferably of the same color go in the opposite direction of the master candle and close past the open
In the examples I mentioned till now only the main method trades were included the variant trades where not mentioned to avoid confusion
For chart 300 the trade you mention was variant trade,same for trade in chart 301,302 and 303
atheer1
  • #77
  • May 23, 2016 12:06pm May 23, 2016 12:06pm
Hi everyone,

this is a great method. I'm reading all post and I'm trying to divide the grid of my MT4. Can someone tell me how I can do that?

Sorry for this question, but I can't to setup the grid.

Thank you
  • #78
  • May 23, 2016 12:08pm May 23, 2016 12:08pm
Quoting neziah
Keep it coming Atheer ,really interesting strategy. How do you judge the first candle has occurred ? Do you just look for the set up anywhere ? I hope you understand my question. Thanks
For manual trading you have to check price every hour if you are trading one hour chart till the opportunity comes.............Master trading method is reversal method at the beginning of new swing and a method to rejoin the prevailing trend after pullbacks .........

when a direction is on the BB will break in the favor of this direction until the momentum fade and here the method will put you in reversals.In the other way when the price slide to the other end of the bb you look to join the original trend using the method
atheer1
  • #79
  • May 23, 2016 12:18pm May 23, 2016 12:18pm
Atheer,
One thing I am not sure about is: How close to a line can the master candle close?
You say "not equal", but how close to the line is ok?

Regards nikki
  • #80
  • May 23, 2016 12:25pm May 23, 2016 12:25pm
Quoting Median
Hey guys, If you check some of the charts attached lately by Atheer it clearly displays the line within the the High-Low range of the candle and not necessarily the body itself.. namely shot 300 and above.. Nikki .. glad you had a laugh I am attaching here two chart shots of the backtest i ran so far between mid january 2016 and today on GBP/USD The first one is using the EXACT method mentioned by atheer.. with no modifications.. The inputs were: Price Action "explained in previous posts and charts" Bollinger Bands: period 20 , deviation 2 Minimum...
Nice work Median,
The secret of this method lies in the exit.The better the exit the better the result.
From my experience with this method usually I allocate different risk for every trade depending on my judgment of how good the setup was and here lies the tricky part...........As general rule trades having longer wicks are better and trades with good body are better may be this help...........trades which reverse from daily bb are better and so on many factors to help you decide and here lies the discretionary part of the method.....
Forget to mention that major currencies are better than crosses
atheer1
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