Daily green/red candle | Page 137 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

need simple indicator for Daily green/red candle 2 replies

MT4 candle-by-candle manual backtesting 9 replies

How to make EA that send Open Price of Candle for every new candle 5 replies

Day's first H4 candle correlation to daily candle 14 replies

Correlation between first 4 hour candle and daily candle 1 reply

Attachments: Daily green/red candle
Exit Attachments

Daily green/red candle

  • #2,721
  • May 26, 2016 11:31pm May 26, 2016 11:31pm
Quoting Cm7
{quote} 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 ).
hi cm7
the 152 is good support but need 3-4 days to catch it
of caurse is very safe to go short if break 152.....
please share a chart
thanks
DD
  • #2,722
  • May 26, 2016 11:35pm May 26, 2016 11:35pm
Quoting bopuc
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?
HI BOPUC

in D1 i dont use max candle size
but i use fibo default 161%/200% fibo and 10 pips room to entry
  • #2,723
  • May 30, 2016 8:30am May 30, 2016 8:30am
D1 MAY

Attached Image (click to enlarge)
Click to Enlarge Name: ddd.png Size: 38 KB
  • #2,724
  • May 30, 2016 9:41am May 30, 2016 9:41am
Quoting dimdel
D1 MAY {image}
And how many looser?
  • #2,725
  • May 30, 2016 9:56am May 30, 2016 9:56am
No other trade than the ones mentioned on the chart was triggered.
I believe it is very clear.
Only the last short is still open and maybe in danger.

By the way, Dimos

Excellent trades!!
Enter Signature
  • #2,726
  • May 30, 2016 10:14am May 30, 2016 10:14am
Dimdel, folks:

Is there a BE set in this particular trade? Thnx for the clarification.
Attached Image (click to enlarge)
Click to Enlarge Name: ddd.jpg Size: 196 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #2,727
  • May 31, 2016 12:26pm May 31, 2016 12:26pm
Quoting kleybenny
{quote} And how many looser?
i dont know what you cant see
open your mind
  • #2,728
  • May 31, 2016 12:26pm May 31, 2016 12:26pm
Quoting thomasK
No other trade than the ones mentioned on the chart was triggered. I believe it is very clear. Only the last short is still open and maybe in danger. By the way, Dimos Excellent trades!!
thanks thomas
  • #2,729
  • May 31, 2016 12:29pm May 31, 2016 12:29pm
Quoting xmess7
Dimdel, folks: Is there a BE set in this particular trade? Thnx for the clarification. {image}
yes right xmess


Attached Image (click to enlarge)
Click to Enlarge Name: 2016-05-31_2027.png Size: 56 KB
  • #2,730
  • May 31, 2016 12:56pm May 31, 2016 12:56pm
In 1st post the d1 rules ( are too many , becaurfull )
  • #2,731
  • May 31, 2016 1:48pm May 31, 2016 1:48pm
Quoting dimdel
{quote} yes right xmess {image}
dimdel:

Thank you for the answer

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #2,732
  • Jun 1, 2016 2:14pm Jun 1, 2016 2:14pm
Hi, dimdel,

According to your green/red candle strategy, I can show such a result.

Is it correct?
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-06-02 at 04.04.33.png Size: 46 KB
  • #2,733
  • Jun 3, 2016 5:40am Jun 3, 2016 5:40am
Quoting tokyo.reed
Hi, dimdel, According to your green/red candle strategy, I can show such a result. Is it correct? {image}
hi reed
i give room to active the entrys
4pips for H4 / 10pips for D1

generally you have the system
is very simple and the D1 is with no stress
  • #2,734
  • Jun 7, 2016 9:53am Jun 7, 2016 9:53am
thanks for your reply.
your strategy is very simple and excellent.

by the way, i have recently backtested your strategy.
the period is 2010-2014 (5 years)
the timeframe is 1D
the rule is SL=0, ENT=100, BE=161.8 TP=423.6
the result is as below.
i hope thsi thread's members find it informative.

[every green/red]
xauusd 888 trades PF1.50
xagusd 861 trades PF1.69
eurusd 922 trades PF1.05
usdjpy 902 trades PF1.27
gbpusd 924 trades PF1.19
audusd 881 trades PF1.19

[first green/red]
xauusd 470 trades PF1.70
xagusd 451 trades PF1.57
eurusd 503 trades PF1.12
usdjpy 484 trades PF1.18
gbpusd 463 trades PF1.25
audusd 448 trades PF1.37

in all markets, this strategy's profit factor is above 1.00.
  • #2,735
  • Edited 11:27am Jun 7, 2016 10:21am | Edited 11:27am
Quoting tokyo.reed
by the way, i have recently backtested your strategy.
Thanks, nice stats
What is the start of your D1 bars please, 17:00 EST (21:00 UTC) or rather London midnight?
  • #2,736
  • Jun 7, 2016 6:06pm Jun 7, 2016 6:06pm
Quoting lansett
{quote} Thanks, nice stats
Quoting lansett
What is the start of your D1 bars please, 17:00 EST (21:00 UTC) or rather London midnight?


hi,
the time zone is gmt+2.
  • #2,737
  • Jun 8, 2016 12:18am Jun 8, 2016 12:18am
Quoting tokyo.reed
TP=423.6
How about TP=200?

Do you use own expert advisor for back test? Can you give it to me?
  • #2,738
  • Jun 8, 2016 4:37am Jun 8, 2016 4:37am
hi, webaction,

my backtests are done manually, not by ea.
the other day, i manually backtested by the rule of TP=261.8.
the result is as given below.
i hope it is informative for you.

[every green/red]
xauusd 888 trades PF1.39
xagusd 861 trades PF1.52
eurusd 922 trades PF1.06
usdjpy 902 trades PF1.22
gbpusd 924 trades PF1.12
audusd 881 trades PF1.27

[first green/red]
xauusd 470 trades PF1.52
xagusd 451 trades PF1.40
eurusd 503 trades PF1.12
usdjpy 484 trades PF1.18
gbpusd 463 trades PF1.26
audusd 448 trades PF1.49
  • #2,739
  • Jun 9, 2016 1:06am Jun 9, 2016 1:06am
Quoting tokyo.reed
hi, webaction, my backtests are done manually, not by ea. the other day, i manually backtested by the rule of TP=261.8. the result is as given below. i hope it is informative for you. [every green/red] xauusd 888 trades PF1.39 xagusd 861 trades PF1.52 eurusd 922 trades PF1.06 usdjpy 902 trades PF1.22 gbpusd 924 trades PF1.12 audusd 881 trades PF1.27 [first green/red] xauusd 470 trades PF1.52 xagusd 451 trades PF1.40 eurusd 503 trades PF1.12 usdjpy 484 trades PF1.18 gbpusd 463 trades PF1.26 audusd 448 trades PF1.49

bravo Tokyo
good work
thanks

go on
  • #2,740
  • Jun 9, 2016 1:07am Jun 9, 2016 1:07am
Quoting tokyo.reed
hi, webaction, my backtests are done manually, not by ea. the other day, i manually backtested by the rule of TP=261.8. the result is as given below. i hope it is informative for you. [every green/red] xauusd 888 trades PF1.39 xagusd 861 trades PF1.52 eurusd 922 trades PF1.06 usdjpy 902 trades PF1.22 gbpusd 924 trades PF1.12 audusd 881 trades PF1.27 [first green/red] xauusd 470 trades PF1.52 xagusd 451 trades PF1.40 eurusd 503 trades PF1.12 usdjpy 484 trades PF1.18 gbpusd 463 trades PF1.26 audusd 448 trades PF1.49

what does it mean PF(Profit Factor) ? is it not Good or Good?
Trading by EA
1 trader viewing now