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Daily green/red candle

  • #2,861
  • Jul 10, 2016 8:01am Jul 10, 2016 8:01am
Quoting Musicfreak
So in short words the Green Red system and some good MM are key to simplicity and structural profit when done with a good cense of realism. So overnight millionaire, go buy a lottery ticket u make more chance. But there is money to earn with this system. Better slowly i prefer and steady than fast and with a suden quick end!!
Can you bakc that statement up ? Have you been succesfull trading it the way u mention ?


Best regards
  • #2,862
  • Jul 10, 2016 9:05am Jul 10, 2016 9:05am
Quoting jgadefelth
{quote} Can you bakc that statement up ? Have you been succesfull trading it the way u mention ? Best regards
Why u need my prove, if u don't believe go test it for your self. Learn from what u read and expand your knowledge by trail and error. Don't accumulate the information just as it is, just because some body says it. Go and find out test it for your self.
Are u just satisfied with the fish from the tin can out the store or do u want the fresh big one u did catch by your self in the sea or lake, just because u did learn how to fish.
The choice is there u only have to make them.

And yes i did trade this Green Red of course because i assemble my own ea's to it. Yes i did read this hole threat from post 1 till now and it did take me some time yes, but a learning traject is always time consuming.

Kind regards M.
"The only difference between men and boys is the price of their toys". :-)
  • #2,863
  • Jul 10, 2016 10:14am Jul 10, 2016 10:14am
Quoting Musicfreak
{quote} Why u need my prove, if u don't believe go test it for your self. Learn from what u read and expand your knowledge by trail and error. Don't accumulate the information just as it is, just because some body says it. Go and find out test it for your self. Are u just satisfied with the fish from the tin can out the store or do u want the fresh big one u did catch by your self in the sea or lake, just because u did learn how to fish. The choice is there u only have to make them. And yes i did trade this Green Red of course because i assemble...
you are absolutely right
no need any prove
the system is free

DD
  • #2,864
  • Jul 11, 2016 1:09am Jul 11, 2016 1:09am
Hi dimdel, greetings from NZ I have done a quick calculation and have a question to ask.

Trade the last candle Sell or Buy
Daily Chart
10 pip Stop Loss.
10 pip Trailing Stop Loss
11 Pip Break Even Stop Loss
If Stop Loss is activated then a Reverse Trade is executed
This is a continuous trading strategy that requires an EA .

Would this be a viable strategy ? Cheers !!!
  • #2,865
  • Jul 11, 2016 1:15am Jul 11, 2016 1:15am
Quoting rammer13
Hi dimdel, greetings from NZ I have done a quick calculation and have a question to ask. Trade the last candle Sell or Buy Daily Chart 10 pip Stop Loss. 10 pip Trailing Stop Loss 11 Pip Break Even Stop Loss If Stop Loss is activated then a Reverse Trade is executed This is a continuous trading strategy that requires an EA . Would this be a viable strategy ? Cheers !!!
try it manuall
i think 10 sl and trsl cant breath the candle

anyway , i dont use any EA so i dont know
please if someone have good results with EA
to share it with us
i would like to try it
  • #2,866
  • Edited 12:36pm Jul 11, 2016 11:48am | Edited 12:36pm
Quoting dimdel
{quote} try it manuall i think 10 sl and trsl cant breath the candle anyway , i dont use any EA so i dont know please if someone have good results with EA to share it with us i would like to try it
Am busy with it, can not yet say anything clear about it than today result see below. It's just one day and it did start today!!!! So guaranty it wil stay like that

Attached Image (click to enlarge)
Click to Enlarge Name: redgreen 11072016.jpg Size: 231 KB
"The only difference between men and boys is the price of their toys". :-)
  • #2,867
  • Jul 11, 2016 1:19pm Jul 11, 2016 1:19pm
Quoting dimdel
so if you have right pair basket then the results are positive
Hi dimdel,
Which basket pairs are you trading for the Daily charts and who is your broker sir.

Thank you and happy trading dimdel.
  • #2,868
  • Jul 11, 2016 2:31pm Jul 11, 2016 2:31pm
Quoting Musicfreak
{quote} Am busy with it, can not yet say anything clear about it than today result see below. It's just one day and it did start today!!!! So guaranty it wil stay like that {image}
good results
go on

but is still risky
if lose 1 orders you need many to cover the lose

but go on ,
  • #2,869
  • Jul 11, 2016 2:34pm Jul 11, 2016 2:34pm
Quoting forexday
{quote} Hi dimdel, Which basket pairs are you trading for the Daily charts and who is your broker sir. Thank you and happy trading dimdel.
i usally trade EURUSD/GBPUSD/GBPJPY
plus some other pairs according the comming news

i work with 3 brokers

XM / TICKMILL / FXPRO
  • #2,870
  • Edited 3:59pm Jul 11, 2016 2:56pm | Edited 3:59pm
Quoting dimdel
{quote} good results go on but is still risky if lose 1 orders you need many to cover the lose but go on ,
it is set to max 0.5% risk at a pair so with 12 pairs i do risk max 6% of my account
So one pair is split in to 2 orders with TP1 and a TP2 so the 0.5% is split in 0.25% for half of order as risk.
More risk bring more money but also a much bigger destruction at failure.
So to put 6% of money at work to earn 2.5% a day netto is that a bad situation?
I still need to analyze the failures and maybe it will show at the end of the week that a few pairs ar not ideal for this EA so next week i will let them go for example or i just go figure out by what setting they would be working better for me.

I can set the % distance for tp1 and separately for tp2 it is related to the range of the previous candle, i can set the extra room for SL, but also for entry, i can set the sl to the BE point after price move n pip from entry and so what more. Tuning it needs to be done!

Am just starting it. ( If u never shoot u always missing the target any way. )
"The only difference between men and boys is the price of their toys". :-)
  • #2,871
  • Jul 12, 2016 12:53pm Jul 12, 2016 12:53pm
Another 24hour further on the daily, what did it today on the daily chart with the red green ea? Just see below.

Attached Image (click to enlarge)
Click to Enlarge Name: redgreen 12072016 a.jpg Size: 125 KB


Attached Image (click to enlarge)
Click to Enlarge Name: redgreen 12072016 b.jpg Size: 102 KB


Al in set and forget mode. And it need to be tuned. And second this is just the second day!!!! So no guaranty!!!!!
So i have also test running at the 4h and hour but on the hour i do use a fixed TP1 and TP2 on the daily i use auto various.
"The only difference between men and boys is the price of their toys". :-)
  • #2,872
  • Jul 12, 2016 1:57pm Jul 12, 2016 1:57pm
Quoting Musicfreak
Another 24hour further on the daily, what did it today on the daily chart with the red green ea? Just see below. {image} {image} Al in set and forget mode. And it need to be tuned. And second this is just the second day!!!! So no guaranty!!!!! So i have also test running at the 4h and hour but on the hour i do use a fixed TP1 and TP2 on the daily i use auto various.
bravo music

go on
  • #2,873
  • Edited 5:07pm Jul 12, 2016 4:53pm | Edited 5:07pm
And here is the result from this day with Red Green system at the 4h time frame.

Attached Image (click to enlarge)
Click to Enlarge Name: redgreen 12072016 4h day result.jpg Size: 610 KB


Attached Image (click to enlarge)
Click to Enlarge Name: redgreen 12072016 4h open.jpg Size: 243 KB


Same ea as i do use on the daily only with little other setting of course. Not bad beginning also on 12pair the same pairs as the daily. I just copied the profile setting from one mt4 platform to the other so it safe me time in testing and setting up the platform. This runs also with a max risk of total 6% divided over all pairs so 0.5% a pair, 0.25% a trade. This also a set and forget setting.
By the way i risk 6% from 1000 euro that's 60 euro risking to loss that day, but i did win this 107.99 netto that's 10% a day profit
So in this case there is still some open orders running, and if i stop now for today it wil be minus 11 euro to the account.

If u look good enough on the day result list u should see sl with positive profit, that's the result of trailing. Better a little positive and safe out the trade, than bigger negative en also out of the trade. In my opinion --> next day is a new day with new trade chances.

Music keeps the spirit alive
"The only difference between men and boys is the price of their toys". :-)
  • #2,874
  • Jul 12, 2016 5:33pm Jul 12, 2016 5:33pm
A little notice now at 00:27 Amsterdam time the trailing for the daily charts is now in the last 3 open positions at the level when the SL is hit 21 euro will be at to the account. For now sleep well and have nice dreams.
Or just just take a bear like i do cheers.
"The only difference between men and boys is the price of their toys". :-)
  • #2,875
  • Jul 12, 2016 11:35pm Jul 12, 2016 11:35pm
good job music

go on
  • #2,876
  • Jul 13, 2016 4:19am Jul 13, 2016 4:19am
Quoting Musicfreak
A little notice now at 00:27 Amsterdam time the trailing for the daily charts is now in the last 3 open positions at the level when the SL is hit 21 euro will be at to the account. For now sleep well and have nice dreams. Or just just take a bear like i do cheers.
I just did check those last 3 positions where it did leave and it did bring 30,97 euro at the netto profit side of the balance.
"The only difference between men and boys is the price of their toys". :-)
  • #2,877
  • Jul 13, 2016 6:04am Jul 13, 2016 6:04am
Quoting dimdel
good job music go on
That's very easy to do, going on. Because the automated system does it work. So for now i only supervise it. When the week will be done i want to overview and make analyses from the results. And notations of possible tweaks and let run the same system with same setting in to a new second week.
Than after a new week i would make the same analyses again and compare the new results with the one of the week before.
When there are tweaks who are matching from week one and two i will change the setting for that pair in week 3 of testing.

If there is a better structure for tweaking settings of an EA i am open for suggestions.
"The only difference between men and boys is the price of their toys". :-)
  • #2,878
  • Jul 13, 2016 9:42am Jul 13, 2016 9:42am
Quoting Musicfreak
{quote} That's very easy to do, going on. Because the automated system does it work. When there are tweaks who are matching from week one and two i will change the setting for that pair in week 3 of testing. If there is a better structure for tweaking settings of an EA i am open for suggestions.
Good results so far musicfreak.
Keep it going...
  • #2,879
  • Jul 13, 2016 9:48am Jul 13, 2016 9:48am
Quoting forexday
{quote} Good results so far musicfreak. Keep it going...
For today i see less or no profit, so what it is i have no idea but it seems the market has no idea to go more up or down.
"The only difference between men and boys is the price of their toys". :-)
  • #2,880
  • Jul 13, 2016 10:34am Jul 13, 2016 10:34am
Hey musicfreak do you trading manually or EA?
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