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London close trading system for currencies

  • #1,161
  • Jul 29, 2016 1:19pm Jul 29, 2016 1:19pm
Quoting DoomTrader
Will be interesting to see how this pans out {image}
​Probably not going to pan out very well today. Hopefully you're on a demo ! Not much left to drive the market today other than maybe some last minute profit taking at the end of NY session perhaps. Tough day to trade regardless as end of week and end of month. Bad US data just pushed it right through and BOJ press conference this morning sent some pairs spiraling.

Still think this is a good strategy but i'm more inclined to trade in manually or with my own EA that I can determine my entries myself, thus knowing how much I am risking. Because this EA uses fib values, pairs that have made huge moves through out the day can have some pretty deep stops.

Next week is a new week and we forge ahead learning from our mistakes. Thanks to GhostBiker for sharing this strategy and spending time to help those who have questions, and also to those others who have worked hard to help us.

Have a good weekend everyone.
  • #1,162
  • Jul 29, 2016 1:36pm Jul 29, 2016 1:36pm
Quoting blade813
{quote} ​Probably not going to pan out very well today. Hopefully you're on a demo ! Not much left to drive the market today other than maybe some last minute profit taking at the end of NY session perhaps. Tough day to trade regardless as end of week and end of month. Bad US data just pushed it right through and BOJ press conference this morning sent some pairs spiraling. Still think this is a good strategy but i'm more inclined to trade in manually or with my own EA that I can determine my entries myself, thus knowing how much I am risking....
Yup demo only , Ur right about huge moves & deep stops.

IMO the key is in pair selection, we cannot hope to put the EA on all the pairs blindly, we need do some analysis on the daily volatility, news & prevailing sentiments etc. Post trade also need to watch price action,exit is more important the entry.
  • #1,163
  • Jul 29, 2016 2:23pm Jul 29, 2016 2:23pm
Quoting DoomTrader
{quote} Yup demo only , Ur right about huge moves & deep stops. IMO the key is in pair selection, we cannot hope to put the EA on all the pairs blindly, we need do some analysis on the daily volatility, news & prevailing sentiments etc. Post trade also need to watch price action,exit is more important the entry.

​yeah I have already given up on the GBP pairs .. just too volatile .. focusing mostly on pairs that have ATR of 140-150 or less

might look into testing similar strategy but trading with momentum rather than counter trend. using the indicator to determine pull back levels before continuing on with trend .. there were a couple of good setups today that would have worked nicely.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY.png Size: 28 KB
  • #1,164
  • Jul 29, 2016 4:06pm Jul 29, 2016 4:06pm
Hi ghostbiker

i've seen the results of the EA from today.It was a day with a strange market especially in the afternoon and evening.
It has nothing to do with your strategie or the EA.My personally trading was today the GU pair.
Why you are so upset?Ignore such postings.
I can't hear anymore backtest here and backtest there. Backtests are crapy because they doesn't show the correct
behavior.Sorry for my bad words.

guigra
  • #1,165
  • Jul 29, 2016 5:12pm Jul 29, 2016 5:12pm
@giugra:

- 7 open orders "London close 23.6" now from today with DD 1.7% = 0.25% per order
this is not a problem

- wenn jemand hier kommt und allen ernstes behauptet er haette ein Dashboard
back getestet mit 17 Paaren, dann kann das nur boeser Wille oder absolute Dummheit
sein. Ich gehe vom Zweiten aus, denn ich denke wer sich hinter "DowJames" verbirgt
kann ja nur einer der "Zurueckgebliebenen" aus DE sein, der auch noch seine Geburts-
sprache vergessen hat (spanisch und english sind es sicher nicht)
  • #1,166
  • Jul 30, 2016 1:55am Jul 30, 2016 1:55am
@ghostbiker


Thank you for this fantastic Method. Exactly what i was looking for. I live in germany too, so i can trade this after my dayjob. Pure Priceaction, brilliant.

Are your Friday trades still open?




German:

Echt ein Hammer das System. Freue mich schon auf dein Renkosystem....

Danke Dir!!
Newbies be warned of emmanuel7788. Hes not true.
  • #1,167
  • Jul 30, 2016 4:22am Jul 30, 2016 4:22am
Hi ghostbiker,

habe noch mal auf ff.de geschrieben was ich von der ganzen Sache, nörgeln und Umgang mit anderen, halte.
Auf ff.de findest du meine Kommentare unter Guido Gratzke.Der ganze Thread soll laut Scusi gelöscht werden.
Ich hoffe das dann das leidige Thema beendet ist.

Eine Frage hätte ich noch.Ich möchte nach dieser Strategie einen Indikator basteln der die Paare automatisch prüft
welche für das handeln infrage kommen könnten.Darf ich das mit der Strategie oder ist es nicht erlaubt?

guigra
  • #1,168
  • Edited 10:02am Jul 30, 2016 6:30am | Edited 10:02am
@guigra: yes you can do so, make a Indicator, we wait

but the EA test the pairs because the LOC rules

- 10 Pips minimum difference to 23.6 / 76.4 between 0 and 100 (MarketOrders)

- If I trade the LOC manually I watch with the Indicator from SwingMan, this Indicator is perfect

@Guido: zuerst verbannen sie mich auf die Insel, dann rennen sie laufend hintermir her um die
Strategie zu kopieren. Dort im DE wurde ich immer kritisiert, weil man dort die roten Pipse haben
will und keine gruenen Pipse. Und trotzdem rennen sie hinter jedem Thread von mir her. Scheinbar
sind die zu dumm um sich selbst was einfallen zu lassen. Alle groe Reden und nichts dahinter.
Da wird dann schnell ein Backtest eines Dashboards erfunden mit 17 Paaren das jemand aus dem
DE Forum -ich gehe von diesem Katakuja aus- gemacht haben will. Ein Weltwunder hat er da
vollbracht der Doedel, null Ahnung vom MT4 aber davon viel. Hat sogar seine Heimatsprache vergessen
Und jetzt kommt noch so ein Doedel APPEL daher und meint etwas aufgedeckt zu haben: er hat nicht
mal kapiert wie der MT 4 arbeitet. Wenn mehrere Orders zusammen geschlossen werden, werden
auch die Orders mit minus in gruen angezeigt. Und das hat dieser Doedel APPEL nicht kapiert, da
ist er etwas zu kurz gekommen. Aber da hilft nichts, nicht mal ein Trichter, wo der IQ fehlt, da
fehlt es einfach und deshalb Gruesse an alle "Zurueckgebliebenen"
  • #1,169
  • Jul 30, 2016 7:12am Jul 30, 2016 7:12am
@ghostbiker

du kannst dir aussuchen mit welchen Namen du mich anschreibst, denn guigra und Guido ist der gleiche, nämlich ich.
Leider operieren andere verdeckt und nicht ehrlich.Wenn der EA das schon prüft dann hat sich meine Idee zerschlagen.
Ich hatte mir gedacht, das nur Paare gesucht werden die zu dieser Zeit eine gute Performance an den Tag legen.

guigra (Guido)
  • #1,170
  • Edited 8:11am Jul 30, 2016 7:52am | Edited 8:11am
@giugra: the sytem LOC 23.6 watch only pairs are between 0 - 23.6 and 100 - 76.4
with minimum distance to 23.6 / 76.4 with 10 Pips

- you can do manually with the indicator from SwingMan = perfect

- you can work with the EA from Retlaw

- we look for the pairs that can turn in a retracement to the lines 23.6 / 76.4 us TP

@Malony: yes the orders from Friday are still open, it is only 1.7% DD for 7 oders = 0.25% per Order (ExpertAdvisor from Retlaw)
I have + 6% with this System LOC 23.6 this week
  • #1,171
  • Jul 30, 2016 8:54am Jul 30, 2016 8:54am
Ghost have you a large trading sample for this strategy?

I have put my demo results on myfxbook using your system BUT using a much lower risk.
If you or anyone is interested in seeing the results advise me
  • #1,172
  • Edited 9:26am Jul 30, 2016 9:03am | Edited 9:26am
@tradability: I have only last 6 months, but with a other EA on one live account (two different EA on one account)

I have not stats only for the LOC 23.6
  • #1,173
  • Jul 30, 2016 9:07am Jul 30, 2016 9:07am
Quoting ghostbiker
@tradability: I have only last 6 months, but with a other EA on one live account (two different EA on one account)
I only put it 9 days ago is it possible to see your statistics table such as lots traded, % winners to losers, wins to losses ratio, average win to overage loss etc... I want to make comparisons because I think mine isn't trading all the time.
Or if you can tell me your stats.
I use a different method to exit trades than the one you described.
  • #1,174
  • Edited Jul 31, 2016 6:09am Jul 30, 2016 12:23pm | Edited Jul 31, 2016 6:09am
Attachment
Success is a Journey Not a Destination....... kind regards ramzam
  • #1,175
  • Jul 30, 2016 3:53pm Jul 30, 2016 3:53pm
@ramzam: we trade only currencies with LOC 23.6

please make a own thread for Gold and Oil
  • #1,176
  • Jul 30, 2016 10:27pm Jul 30, 2016 10:27pm
i have asked about percentage of that no buy / no sell lines ...
not asked about Gold and Oil...
what the chart shows oil or currency that's not the issue here.. got it??????
hope you will understand what i have asked and if you can answer it that's welcome if not means keep run this thread with your same LOC 23.6.....
i know when to open & what to open for new thread...never insist me...


Quoting ghostbiker
@ramzam: we trade only currencies with LOC 23.6 please make a own thread for Gold and Oil
Success is a Journey Not a Destination....... kind regards ramzam
  • #1,177
  • Jul 31, 2016 1:13am Jul 31, 2016 1:13am
Quoting ramzam
{image}
@ramzam

this read lines are the don't buy or don't sell lines.If you had opend a chart on a Demoaccount and put the mouse cursor on this line so you got this information.I advise you open tomorrow a chart with a currencie pair and a commodity chart and then you can see that.
Please take a look to the netiquette.

guigra
  • #1,178
  • Jul 31, 2016 2:22am Jul 31, 2016 2:22am
Thank you for your help!
Quoting xmess7
{quote} since80808: Hi, I am wondering if the indicator is incorrect on the chart. Make sure to have the GMToffset input set to 00:00, or just leave it alone.
Me and my broker are at GMT+3. Indicator set to show fibo since 01:00 (22:00 GMT+3) till 19:00 (16:00 GMT+3)
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 51 KB

Quoting xmess7
According to the EA your broker is 3 hours ahead of GMT so your trades should start at 1600+3 = 1900 on you broker. Your trades show that the EA started trading at 22:00. Make sure that your inputs do not have any changes when it comes to time on the indicator. If you can please post your inputs so I can see what you are using. In my view your trading should start at 1900 on your broker charts and that is not the case. They are starting at 22:00 on your broker. Jess
If I understand it right now my EA1.8 settigs are right?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 213 KB

Thank you again!
Just an opinion. Based on research
  • #1,179
  • Jul 31, 2016 2:25am Jul 31, 2016 2:25am
thank you guigra.

Quoting guigra
{quote} @ramzam this read lines are the don't buy or don't sell lines.If you had opend a chart on a Demoaccount and put the mouse cursor on this line so you got this information.I advise you open tomorrow a chart with a currencie pair and a commodity chart and then you can see that. Please take a look to the netiquette. guigra
Success is a Journey Not a Destination....... kind regards ramzam
  • #1,180
  • Edited 6:08am Jul 31, 2016 5:52am | Edited 6:08am
FOUND ..........
Success is a Journey Not a Destination....... kind regards ramzam
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