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need simple indicator for Daily green/red candle 2 replies

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Daily green/red candle

  • #2,701
  • May 17, 2016 3:00am May 17, 2016 3:00am
yes
  • #2,702
  • May 17, 2016 9:10am May 17, 2016 9:10am
Right, I trade similar style, I had some time today and did some backtesting, this system has an edge.

My test:

  1. Pair: EURUSD
  2. Spread: 2
  3. Period: 1 year (almost)
  4. Time frame: H1 and H4 (any timeframe less than H1 is not profitable, D1 so so - break even)
  5. Broker: GMT+2
  6. Account size: 10000
  7. Risk (.25% so because you open two trades, it's .50%)

H4:

  1. Profit: 2000 with DD 40%
  2. (If only 1 trade with 1:1 R:R): 2000 with DD 16%
  3. (If only 1 trade with 1:2 R:R): 1000 with DD 29%

H1:

  1. Flat (no conditions) profit: -5000 with DD 55%
  2. Limit trading time (London and NY session): -2000 with DD 35%
  3. Limit time and choose location (example HOD or LOD) profit: 650 with 11% DD
  4. Now if only 1 trade with 1:1 R:R profit: 0 with DD 8%
  5. If only 1 trade with 1:2 R:R profit: 800 with 5%DD

This last setup has good potential, if I increase the risk from .25% to 1% (just to match DD from H4): profit 3000 with 20DD


These are my results showing this system has an edge (especially with the thread started rules), so thanks for his work.

Double the account
  • #2,703
  • May 18, 2016 2:18am May 18, 2016 2:18am
Quoting zghnno
Right, I trade similar style, I had some time today and did some backtesting, this system has an edge. My test: Pair: EURUSD Spread: 2 Period: 1 year (almost) Time frame: H1 and H4 (any timeframe less than H1 is not profitable, D1 so so - break even) Broker: GMT+2 Account size: 10000 Risk (.25% so because you open two trades, it's .50%) H4: Profit: 2000 with DD 40% (If only 1 trade with 1:1 R:R): 2000 with DD 16% (If only 1 trade with 1:2 R:R): 1000 with DD 29% H1: Flat (no conditions) profit: -5000 with DD 55% Limit trading time (London and NY...
hi zghnno
use similar or the same strategy?
at first good job, but
i have diff results
i see many DD in H4

can you send the file? or chart?
thanks
  • #2,704
  • May 18, 2016 2:44am May 18, 2016 2:44am
we agree?

Attached Image (click to enlarge)
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i mark only the win + lose

no mark (1st win+2nd lose =0)
no mark if the pending orders dont active
  • #2,705
  • May 18, 2016 3:21am May 18, 2016 3:21am
Dimdel, I still would like to clarify if you don't mind.
Do you ever cancel pending order?
Or perhaps if pending order has not been activated for 1-2-3 candles you cancel it?
  • #2,706
  • May 18, 2016 3:44am May 18, 2016 3:44am
Quoting sharker
Dimdel, I still would like to clarify if you don't mind. Do you ever cancel pending order? Or perhaps if pending order has not been activated for 1-2-3 candles you cancel it?
if the previus candle pending dont activate then i cancel it
if active let it go to SL/TP
  • #2,707
  • May 18, 2016 3:48am May 18, 2016 3:48am
i want to remind that must expect 8-10 loses in row
so the acount must manage this DD
this happen because i trade every candle
if trade only the first new color then we have less DD and less profit
  • #2,708
  • May 21, 2016 1:47am May 21, 2016 1:47am
hi
last week results
agree?


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  • #2,709
  • May 23, 2016 1:27am May 23, 2016 1:27am
let start

agree?


Attached Image (click to enlarge)
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  • #2,710
  • May 23, 2016 2:27am May 23, 2016 2:27am
OK i must stop post here
no sense
is dead
  • #2,711
  • May 23, 2016 8:22am May 23, 2016 8:22am
Δήμο το σύστημα σου είναι εξαιρετικό.
Το οτι δεν ασχολείται κανένας, τόσο το καλύτερο.
Μετά πολλοί αναρωτιούνται γιατί το 95-99% των ασχολούμενων με τις αγορές χάνουν!!

Εγώ πάντως σου είμαι υπόχρεος...
Μου έδωσες πολλές και καλές ιδέες.

ΘΚ
Enter Signature
  • #2,712
  • May 23, 2016 8:35am May 23, 2016 8:35am
Quoting thomask
Δήμο το σύστημα σου είναι εξαιρετικό. Το οτι δεν ασχολείται κανένας, τόσο το καλύτερο. Μετά πολλοί αναρωτιούνται...
ευχαριστω Θωμα

τουλαχιστον καποιος να μου κανει παρεα......
αλλοιως δεν εχει νοημα να διαβαζω τον εαυτο μου:d

μαλλον καλυτερα να γραφω στα ελληνικα
ετσι και αλλοιως μονοι μας ειμαστε:d
  • #2,713
  • May 23, 2016 1:41pm May 23, 2016 1:41pm
Παιδιά καλησπέρα είμαι και εγω εδω!
Καλό το συστημα και διαβάζοντάς το μου έδωσες μια καλη ιδεα. Heiken Ashi κοκκινο και ταυτοχρονα πρασινο κερι σημα για αγορά . Κλεισμο θέσης στην αντιθετη περιπτωση και πωληση . Ασφαλως μετα απο λιγο ανεβασμα μετακινηση της θεσης στο break even .
Καλα κέρδη !!
  • #2,714
  • May 23, 2016 6:10pm May 23, 2016 6:10pm
Hi Dimdel, a question re chart on post 2,704. The week started with a red candle followed by three greens. Then a red. Why didn't you take this trade? Was that not valid or was that your sleep time?
Bob
  • #2,715
  • May 23, 2016 11:45pm May 23, 2016 11:45pm
Quoting bobha
Hi Dimdel, a question re chart on post 2,704. The week started with a red candle followed by three greens. Then a red. Why didn't you take this trade? Was that not valid or was that your sleep time? Bob
hi bob
i mark only the win or lose

no mark if (1st win+2nd lose =0)
no mark if the pending orders dont active
  • #2,716
  • May 24, 2016 3:08am May 24, 2016 3:08am
Hi Dimdel!
Please continue!
As I understood you do not use any filter?

And how is your revenge system/ are you satisfied?
Thanx for posting!
  • #2,717
  • May 24, 2016 3:49am May 24, 2016 3:49am
Quoting dimdel
{quote} hi bob i mark only the win or lose no mark if (1st win+2nd lose =0) no mark if the pending orders dont active
​That helps, I was wondering why you marked the chart the way you did.
  • #2,718
  • May 25, 2016 12:59am May 25, 2016 12:59am
some results

this week H4
and
1-25/5 D1


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  • #2,719
  • May 26, 2016 2:59am May 26, 2016 2:59am
Quoting dimdel
{quote} if the order active , let it go to SL or TP or 0, i dont close it why i do this? well i want at the end of the month to calculate how many orders win / lose if i close some orders at 50% or at 145% then maybe the sum dont give me clear results ( maybe i have 60% win orders but at the end to be negative , because i close it < 100% TP ) my english dont help , but if you understand greek i can explain better
Hello Dimdel, you have a great thread. We are in a same boat because I trade forex based on daily chart too. I don't trade today because I am waiting for a valid signal to sell GJ ( I am targeting 152.500 as a next destination ).
  • #2,720
  • May 26, 2016 4:22am May 26, 2016 4:22am
dimdel,

thanks for sharing new set of rules. I see that you have rule for H4 candle size "valid candle = 8 pips < candle < 65 pips". Do you have similar rule for D1 candle or you trade all of them disregarding size of the D1 candle?
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