Δ (OC) D1

Hello everyone, I am a new member, not new that much, but a newbie with all the meaning of the word 'newbie'. 30 years old, Greece, trying to make some extra income by first testing in demo and then going in live, hoping not to get eaten up like 95% of the traders.

Here is my strategy to be tested:

It looks like a lot of dimdels strategy here: http://www.forexfactory.com/showthread.php?t=537112 , but instead of the whole candle I will try to make use of the difference between the high and the low of the candle.

Buy setup:

previous days' candle is green, so at the same high as yesterdays' I set a buy stop order for as many pips as the difference ( Δ δέλτα or delta ) of the high minus the low Δ (OC) .

Short setup:

previous days' candle is red, so at the same low as yesterdays', I set a sell stop order for as many pips as the difference ( Δ δέλτα or delta ) of the low minus the high Δ (OC) .

Any help is very much appreciated, any comments also, I am a newbie and here to learn, seeking for help and advice from the more experienced traders.

Thank you very much and especially dimdel, eelfranz and everyone contributing positively to FF.

I would also like someone to help me to connect a tradeexplorer to my demo account. Thanks again! (Ok, did it, hope everything is ok!)

First trade ended badly. I chose only because of low spread at that time the UJ and put a buy stop at yesterdays' high. Δ (OC) was 340pips, so i went for another 340pips within the day TP and SL, whichever would come first. I missed the target for about 10pips and within the day the SL was hit. Screenshot follows:

good luck and many pips

so -if i understood correct- you are not going for a double (200%) TP of the daily open and close daily candle like the green/red trading system of dimdel's but 100%

so if the difference is 100 pips you are going depending of the -bearish/bullish- candle for 100 pips TP .... correct?



how many pips difference "gap" above/below the previous days' candle you set your order? and whats the SL (if any)?

I am going for the same pips as is the difference between the open and the close of the previous day, with a stop order in the high or the low of the previous day. Just testing, nothing sure, any suggestions are welcome!

I am also looking for an SL of just as many pips, so 1:1 here.

Thank you dimdel, you are welcome and a great inspiration!

Todays' trade went already very well, about 2 hours after placing the trade (short stop), price was hit and the trade was on. It lasted only about one hour and 15' until TP was hit, so we're break even (quite).

Best part was that I was asleep during the whole trade, so 340 pips baged (due to yesterdays' Δ (OC) being 340 pips) and a good night sleep.

Hello every one! Today (yesterday) trade was not activated in UJ pair. I canceled it and I continued today just putting a buy stop over yesterdays' high! Going for 740pips after high is hit.

that's 74 pips or 740 pipettes ;-)

what a nice way to close a month! Target hit from the early hours of the Friday opening in Asia!

well done

This was another day that no order was filled, waiting for today and there is a new order ready..buy stop at yesterdays' high for 36 pips

SL was hit, but it proved to be right, because after a few hours into trading UJ took a dive.

This was "expected", but due to the strategy and the linked account I traded anyway.
The reason it was expected can be seen in the attached picture showing a downward channel. We have steadily since the start of 2016 lower highs and lower lows in the UJ pair, bouncing on the boundaries of the channel, but price doesn't escape from it.
It has shown support in some levels, e.g. 111 level, the next support I think is 101 level.

Nothing new happened today, UJ trade for tomorrow:

Bad day today, it jus didn't work out..as saidwe're in a downtrend..let's see today

hi geol13

i prefer GJ , give better results
but anyway in NFP days all systems are in stress

Thank you dimdel for your contribution! What is NFP?

Friday's trade wasn't executed.

Today's trade looks like following:

NFP = Non Farm Payrolls (US) http://www.forexfactory.com/calendar.php check previous week friday...

one of the key events... not only for the economy but for the (news) traders in terms of accounts blown up at that specific event....

Hi Geol13,

I think you need to state your trading rules in a more clear way. That would save up many bad trades as well. Which also would develop your initial trading blueprints. But I would love to see your success over the long run. If you are expecting a downtrend (which you explained it very well) then it shouldn't be all about red and green and highs and lows. I am not too fond of this sort of systems but I read, try to understand and contribute if I can .. a little bit of brainstorming wouldn't harm.

Thank you very much Kxeroo! I'm trading without taking into account the trend, because I didn't take it into consideration at least from the beginning. I will trade like this hopefully until the September 1st and then maybe check trend too from then on. At least for this month I would like to forward test this and then check what works, what not and adjust. But for now the trading rules don't change, they are as in the OP.