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Daily green/red candle

  • #3,041
  • Sep 2, 2016 3:02pm Sep 2, 2016 3:02pm
Quoting dimdel
{quote} yes , you can use it for all pairs but need other MM for each diff.. pair depend from volatility
Hello dimdel
You replayed that this strategy works on all pairs but need other MM for each different pair.....
What do you mean with "MM"?

In the past you were trading also other pairs but now just GBPJPY. Is there any particular reason for that or is simply your decision?

Thanks.
Merka
  • #3,042
  • Sep 3, 2016 7:21am Sep 3, 2016 7:21am
Hi Dimdel.
If the new candle open:
a) at middle of previus candle then we put pending long order
If previus candle is red we put pending short. Is it right?
b) higher from previus high, then we go long at once
c) lower from previus low, then wait for a new signal.
Here it is no clear. What about for a short order?

Thank's a lot.
Greed and fear kills traders
  • #3,043
  • Sep 3, 2016 7:29am Sep 3, 2016 7:29am
Quoting FoxTraderGBP
Hi Dimdel. If the new candle open: a) at middle of previus candle then we put pending long order If previus candle is red we put pending short. Is it right? b) higher from previus high, then we go long at once c) lower from previus low, then wait for a new signal. Here it is no clear. What about for a short order? Thank's a lot.
hi
WELL
let say ,we have a green closed candle

cases
a) pending
b) market execution
c) - if we trade every new color then we wait for new signal
-if we trade every candle then we put pending or market short
  • #3,044
  • Sep 3, 2016 10:55am Sep 3, 2016 10:55am
Quoting dimdel
hi to all one problem for our mind Suppose I am a trader and I tell the following "All traders are liars" I say true or false;
False, of course. To be a liar does not mean that every sentence uttered is a lie. It is sufficient that a single utterance be proven a lie to be labeled "liar". However, our tendency is to base the judgement on the preponderance of the evidence.

I am confident that many will agree that someone that tells a lie on brief occasion is likely to be described as someone that lies once-in-a-while, but someone that lies very frequently is likely to be branded "liar". But even the liar can still tell the truth.
To free Gazans of Hamas, use whatever it takes.
  • #3,045
  • Sep 3, 2016 5:21pm Sep 3, 2016 5:21pm
Quoting DrDave
{quote} False, of course. To be a liar does not mean that every sentence uttered is a lie. It is sufficient that a single utterance be proven a lie to be labeled "liar". However, our tendency is to base the judgement on the preponderance of the evidence. I am confident that many will agree that someone that tells a lie on brief occasion is likely to be described as someone that lies once-in-a-while, but someone that lies very frequently is likely to be branded "liar". But even the liar can still tell the truth.
if i can follow your thought with my poor english , you speak about the ability to be lier or to ability to say lie, right? ( are diff things)

but according the greek filoshopher , we must decide with this phrase if i am liar or not

i am trader and i tell this = "All traders are liars "

--if you say that i am liar then is not true because right now I am telling the truth , so there is at least one trader that say the true

--If you say that i say the true , then is not true because right now i am lying the true so there is at least one trader with true ,so no all traders saying lies
agree?
  • #3,046
  • Sep 4, 2016 1:21pm Sep 4, 2016 1:21pm
Hi Dimdel,
I sent to you a private message.
To free Gazans of Hamas, use whatever it takes.
  • #3,047
  • Sep 6, 2016 7:25pm Sep 6, 2016 7:25pm
Hello Dimdel sir,

First let me thank you for this great thread. I have been lurking on your thread for a few months now and have been using your system since the first post. Because i work a lot of hours I needed a system that I could essentially "set and forget", well, for the most part. because I can always control my trades from my smartphone. I started tweaking your system by putting pending orders on both ends of the highs and lows of the most recent closed candle. And the results have been phenomenal. I set my sl/tp according to your rules, but if the trade starts to go the other way, i am able to close it out before to much damage. Here are today's trades (screenshots) with pending trades still in the docket. I have finally found MY exit strategy from 33 years as a welder. As of today, if this stays Consistent for the next six months as it has been for the last month, Ill be putting in my retirement papers and settling down in our house in the Philippines. Thank you again for selflessly sharing your system. May the pips of a thousand trades infest your pockets!
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Trade what "Is", not what "If".
  • #3,048
  • Sep 7, 2016 12:12am Sep 7, 2016 12:12am
Quoting 4xu2
Hello Dimdel sir, First let me thank you for this great thread. I have been lurking on your thread for a few months now and have been using your system since the first post. Because i work a lot of hours I needed a system that I could essentially "set and forget", well, for the most part. because I can always control my trades from my smartphone. I started tweaking your system by putting pending orders on both ends of the highs and lows of the most recent closed candle. And the results have been phenomenal. I set my sl/tp according to your rules,...

bravo 4xu2

if this way work , go on
please send the results of every day

i also use this method ( both sides)
work very well, but need right basket for positive results ( after 3-4 months)
  • #3,049
  • Sep 7, 2016 12:37am Sep 7, 2016 12:37am
Quoting dimdel
{quote} bravo 4xu2 if this way work , go on please send the results of every day i also use this method ( both sides) work very well, but need right basket for positive results ( after 3-4 months)
How is the right basket determined?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,050
  • Sep 7, 2016 12:55am Sep 7, 2016 12:55am
Quoting TooSlow
{quote} How is the right basket determined?

appropriate dispersion and correspond ΜΜ for each pair
  • #3,051
  • Sep 7, 2016 11:05am Sep 7, 2016 11:05am
is there any written rules for this system ??? i look at the picture at first post but i don't get the idea
  • #3,052
  • Sep 8, 2016 9:44am Sep 8, 2016 9:44am
1-8 SEPT

1 lose/2 win / 1 open

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  • #3,053
  • Sep 8, 2016 12:04pm Sep 8, 2016 12:04pm
I have both EURJPY and USDJPY with buy signals on one broker, but not on another broker. Both are UTC time. So being skeptical, I used the broker chart with no signal and placed pending buy stop above the high and sell stop below the low of the last closed candle. Set very small TP. To my surprise, the buy stops were triggered and price continued on above my TPs.

According to another method that I use, these charts are actually in a high-timeframe down trend. That is partly why I was skeptical of buy signals. The up move is a rally.
To free Gazans of Hamas, use whatever it takes.
  • #3,054
  • Sep 9, 2016 12:17am Sep 9, 2016 12:17am
Quoting DrDave
I have both EURJPY and USDJPY with buy signals on one broker, but not on another broker. Both are UTC time. So being skeptical, I used the broker chart with no signal and placed pending buy stop above the high and sell stop below the low of the last closed candle. Set very small TP. To my surprise, the buy stops were triggered and price continued on above my TPs. According to another method that I use, these charts are actually in a high-timeframe down trend. That is partly why I was skeptical of buy signals. The up move is a rally.
hi DrDave

wel you are right
if the big picture give down trend , then must becaurfull with long signals

BUT
- greenred strategy take the candle momentum and no the trend
- if you want see the trend parametres, there are many other ways and indicators
-also you must see if the pair is in range or not
- bla bla bla.............

with other words , i look for other strategy......

so
i protect my account with this way:

i trade 5% in trend direction and 2,5% in opposite direction

hope to help you

DD
  • #3,055
  • Sep 9, 2016 1:44am Sep 9, 2016 1:44am
Hi Dimdel,
My trend direction for D1 chart is so easy to see that I see it when I open a chart to place an order. So if I see D1 is making a retracement. I adjust my risk as you do.

I have 3 signals today, all for buys. All 3 charts are in retracements. I put straddle buy and sell stops on all of them.

However, because these are retracing, I do not expect the buy stops to be hit--unless the retracement goes too far and turns into a trend reversal.
To free Gazans of Hamas, use whatever it takes.
  • #3,056
  • Sep 9, 2016 4:23am Sep 9, 2016 4:23am
Mr DD sir,
Thank you for this valuable thread.

I made a kind of backtest AE, scanning the historical days.
If ther is a color change , i look for a trade on the next bar. TP=100 , SL is 100. On EURUSD some more profits, but quit some losses.

But, when i analyze the losses more then 50% have been in 20 profit. Conclusion: when 20 profit move stop to breakeven.

I will scan all Pair individualy. Also GBPJPY looks good, but there the max range of the latest bar must be 5000 in stead of 1000 (5digits).

I like analyzing, but do not trade mutch. (not enough hunger).

I will follow the thread to pick your suggestions.

One thing, i am willing to publish the EA, but only my sources. No support. Pupil have to read and change the code themselves. Maybe a simple question.

Kind regards PC
  • #3,057
  • Sep 9, 2016 5:30am Sep 9, 2016 5:30am
Quoting pcorneli
I made a kind of backtest AE, scanning the historical days. ... One thing, i am willing to publish the EA, but only my sources. No support. Pupil have to read and change the code themselves.
Hi PC,

You can attach your EA. Dimdel has been looking for a SIMPLE EA that only has options for his simple rules.

Perfectly fine that you give no support. So few here are willing to lean to code in MQL, they will be happy to get it without support.
To free Gazans of Hamas, use whatever it takes.
  • #3,058
  • Sep 9, 2016 8:48am Sep 9, 2016 8:48am
My pleasure.
Attached File(s)
File Type: mq4 #PietDimDel.mq4   19 KB | 492 downloads
  • #3,059
  • Edited 1:39pm Sep 9, 2016 1:29pm | Edited 1:39pm
HI everybody.
6-9 september
2 win/1 lose/1 still open (in the red, -45 pips)... I think it will be loss too. - 155 pips.
Greed and fear kills traders
  • #3,060
  • Edited 2:02pm Sep 9, 2016 1:49pm | Edited 2:02pm
I'm looking for a profitable strategy for a long time but so far I ain't found it.
Greed and fear kills traders
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