Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

MT4 candle-by-candle manual backtesting 9 replies

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

need simple indicator for Daily green/red candle 1 reply

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

Quoting FoxTraderGBP
I'm looking for a profitable strategy for a long time but so far I ain't found it.
Stop by my threads if you like.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Results
GBPJPY buy signal. Buy stop at yesterdays's D1 high. +55
USDCHF buy signal. Buy stop at yesterdays's D1 high. +21
CADJPY buy signal. Buy stop at yesterdays's D1 high. Only tweaked over to trigger the buy, then fell back. -58.8

Did additional CADJPY trades to try to offset the loss.
buy +3.6
buy +10.8
buy +6.9
sell +8.2

net for the day +46.7
The markets are speaking to you. Do you know their language? I M T
Quoting TooSlow
{quote} Stop by my threads if you like.
hi toolslow
mmmmmm well
you advise me to stop using greenred and start with your stategy?
i will be more profitable?
if yes please say it, prove it, post it and i really will follow

and i mean it, i will follow you
thanks
Quoting FoxTraderGBP
I'm looking for a profitable strategy for a long time but so far I ain't found it.
hi fox

we must have patience

look the monthly results

(-- when one order is bad order? - then that we cant leave the screen either for pee )

so better put order that we can leave the screen for some hours

thanks for your posts
Quoting pcorneli
My pleasure. {file}

hi pc

good work , but i cant run it
Quoting DrDave
Results GBPJPY buy signal. Buy stop at yesterdays's D1 high. +55 USDCHF buy signal. Buy stop at yesterdays's D1 high. +21 CADJPY buy signal. Buy stop at yesterdays's D1 high. Only tweaked over to trigger the buy, then fell back. -58.8 Did additional CADJPY trades to try to offset the loss. buy +3.6 buy +10.8 buy +6.9 sell +8.2 net for the day +46.7
hi DrDave

go on
Quoting dimdel
{quote} hi pc good work , but i cant run it
You 've totest run it from the editor.
It does the BT in Init.
Let it stop at End Of Ini, then you can read the results.
If you want to see how it works run it step by step.
Quoting DrDave
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.
What I do in the case of a possible retracement is apply my biy/sell stops at the highs and lows and buy or sell a limit at 50%.that way I can catch the retracement too! This is fun, like a good chess match. 
Trade what "Is", not what "If".
Quoting pcorneli
{quote} You 've totest run it from the editor. It does the BT in Init. Let it stop at End Of Ini, then you can read the results. If you want to see how it works run it step by step.
hi pcorneli,

I was able to read your script but dont understand what to do with it. where do you load this file in editor? I extracted it from the BIN file , but where do I put this? I have researched everywhere I can think of but cannot find answers.any help would be greatly appreciated or.... an MQ4 file would be better?
Trade what "Is", not what "If".
Quoting dimdel
{quote} i only look the HA candle green=long red=short
Hi Dimdel,
Are you going to start a new forum on the HA system in that post? I checked it briefly and it looks promising.
The markets are speaking to you. Do you know their language? I M T
Quoting DrDave
{quote} Hi Dimdel, Are you going to start a new forum on the HA system in that post? I checked it briefly and it looks promising.
maybe later
to give a second view in HA filter
if you have some good resultsa please tell me
i am trying 2 new filter

2 explorer in my profile

i hope to work.......
Quoting dimdel
i am trying 2 new filter 2 explorer in my profile i hope to work.......
"Hope springs eternal in the human breast. ". Alexander Pope
The markets are speaking to you. Do you know their language? I M T
Quoting DrDave
{quote} "Hope springs eternal in the human breast. ". Alexander Pope


i will bless later
Quoting dimdel
{quote} hi toolslow mmmmmm well you advise me to stop using greenred and start with your stategy? i will be more profitable? if yes please say it, prove it, post it and i really will follow and i mean it, i will follow you thanks
No.
That would be ego talking.
I responded to the post.
Daily candle breakouts in the direction of prior day make green pips.
Respect.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting TooSlow
{quote} No. That would be ego talking. I responded to the post. Daily candle breakouts in the direction of prior day make green pips. Respect.
I did an analysis in excel to understand if there is any edge using previous day candle color. And the answer is no.
I will post the excel file later.
Quoting Merka
{quote} I did an analysis in excel to understand if there is any edge using previous day candle color. And the answer is no. I will post the excel file later.
Please be more specific. Not any edge compared to what? And compared to how? And how many days /weeks /months /years of data? Which pair(s)? Which timeframe(s)? Did you draw your conclusion after applying money management, or only checked to see if a trade showed movement in the desired direction?

Please don't just post the file. Include a reasonable analysis of the study and your conclusion.
I could go on, but I think you get my point by now.
The markets are speaking to you. Do you know their language? I M T
Quoting DrDave
{quote} Please be more specific. Not any edge compared to what? And compared to how? And how many days /weeks /months /years of data? Which pair(s)? Which timeframe(s)? Did you draw your conclusion after applying money management, or only checked to see if a trade showed movement in the desired direction? Please don't just post the file. Include a reasonable analysis of the study and your conclusion. I could go on, but I think you get my point by now.

i agree 100%
Quoting Merka
{quote} I did an analysis in excel to understand if there is any edge using previous day candle color. And the answer is no. I will post the excel file later.
The question is: Is there any edge following just the "candle color"?
I did some analysis some weeks ago and posted the results in another forum.

Below what I wrote explaining the rules and how to read the excel file:

I'd like to understand which "edge" is more successful between the following ones.
The strategy is to place 1 order per day per instrument. The order will be placed at the opening of the Asian session (22:00 UK time) and after that close the pc for the next 24 hours. Every order will be closed at the end of the trading day (this mean every order will last circa 24 hours).

1)I will place buy/sell order based on "previous day" candle color (If it was red than sell order. If it was green than buy order).
2)I will place buy/sell order based on "previous day+weekly" candle color (If previous day is red and weekly is red than sell order. If previous day is green and weekly is green than buy order. No order for all others combinations).
3)I will place buy/sell order based on "previous day+weekly+monthly" candle color (Order will be placed ONLY when all TFs are the same color. Green for buy and red for sell).
4)I will place buy/sell order ONLY accordingly to the weekly candle color.
5)I will place buy/sell order ONLY accordingly to the candle color of "weekly+monthly" (no order in case weekly and monthly candle have different colors).
6) I will place buy/sell order ONLY accordingly to the monthly candle color.

Here the results from a short sample on EUR/USD Daily between Wednesday 01/06/2016 and Friday 29/07/2016.
Depending on which case study you are analyzing, you need to compare column "H" with Column "I" "K" "M".
Example:
Suppose we are at the end of Thursday 28/07/2016 and I need to decise my trade for Friday 29/07/2016.
1 minute before the Open of the Asian session for 29/07/2016, on MT4 I see the candle color of 28/07/2016 (daily, weekly, monthly) so I make my decision based on them (column I, K, M) called previous day daily candle color, previous day weekly candle color and previous day monthly candle color.
None of the case studies gives a winning edge above 50%.
Feel free to comment and analyse.
Attached File
File Type: xlsx EURUSD Daily Edge.xlsx   182 KB | 301 downloads
PS: Someone asked what are the numbers in the columns H to M?

The numbers in the columns H, I, J, K, L, M are just the difference between Close price and Open price. These numbers are calculated just to determine the candle color. If the difference is bigger than zero It's a bullish candle (green). If the difference is negative it's a bearish candle (red).
0 traders viewing now