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SketchBook - Sharing ideas on trading systems

  • #41
  • Feb 29, 2016 11:13pm Feb 29, 2016 11:13pm
Quoting Basill
Bounce coming. Then away we go. {image}
Had to wait for the RBA to give it another kick start.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 39 KB
Look Left Trade Right
  • #42
  • Mar 1, 2016 2:18am Mar 1, 2016 2:18am
Quoting Basill
3 targets drawn & the 3rd about to be hit. Doesn't get any simpler. AND. Only 1 simple indicator in sight. Trading a retrace against the trend to boot. {image}

hi Basill.



If this is an indicator could you please share it.
or have you put these lines on the chart yourself.
thank you.
  • #43
  • Mar 1, 2016 2:52am Mar 1, 2016 2:52am
Quoting redfan
{quote} hi Basill. If this is an indicator could you please share it. or have you put these lines on the chart yourself. thank you.
The blue lines are the "HalfTrend" indicator.
The rest are hand drawn.
Look Left Trade Right
  • #44
  • Mar 1, 2016 4:03am Mar 1, 2016 4:03am
Quoting Basill
{quote} The blue lines are the "HalfTrend" indicator. The rest are hand drawn.

thank you.
  • #45
  • Mar 1, 2016 6:09am Mar 1, 2016 6:09am
Quoting abokwaik
Dynamic Visible Chart Levels : another look {image}
so from supply/demand point of view don't u think if price spend lot of time on these levels before,it means no demand left there ?
i remember sam seiden (supply demand guy) talked about looking for levels that traded shortly timewise.personally i think there's "some" truth in his idea
  • #46
  • Mar 1, 2016 6:21am Mar 1, 2016 6:21am
there's a dude called Glenn Neely and he was supposed to be a great elliott wave analysis . he got some idea about markets that are open 24h.his idea was each country or region trade their beliefs and needs and to analyze the chart u most break them accordingly . for example the u most have 4 Gold chart .. one for sydney - one for tokyo & so on . anybodyu look into it ? & again i think some truth in it
p.s : ofcourse trading session affect each other
  • #47
  • Apr 2, 2016 1:57am Apr 2, 2016 1:57am
2-Way Double Martingale (Just an Idea)

Attached Image (click to enlarge)
Click to Enlarge Name: DM.JPG Size: 62 KB
No guts, no glory
  • #48
  • Apr 2, 2016 1:58am Apr 2, 2016 1:58am
Another Idea

Attached Image
No guts, no glory
  • #49
  • Apr 16, 2016 1:27am Apr 16, 2016 1:27am
Best Fail (2015) ?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDrH4.png Size: 90 KB
No guts, no glory
  • #50
  • Apr 17, 2016 11:22am Apr 17, 2016 11:22am
Quoting abokwaik
Another Idea {image}
I have changed another indicator to show 3 circular pairs behaviour compared to look back period. I believe it gives interesting insights:

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 46 KB


The first indicator shows how much money to be made or lost using eurusd, eurgbp, gbpusd, using weighted lots (second indicator shows the weights).

Default calculation of the first indicator is (using the second indicator weights:
Buy EURUSD
Sell EURGBP
Sell GBPUSD (balanced circular logic)

So when the first indicator is below 0, you are supposed to
Buy EURUSD
Sell EURGBP
Sell GBPUSD

When the indicator is above 0, than just the opposite.

Just play with the DaysBack value (daily TF only)

Please give your thoughts...

Thanks

Attached File(s)
File Type: mq4 Basket-EURUSD-EURGBP-GBPUSD.mq4   4 KB | 591 downloads


Attached File(s)
File Type: mq4 Basket-EURUSD-EURGBP-GBPUSDwts.mq4   4 KB | 591 downloads


For the indicators to work you need this indicator:

Attached File(s)
File Type: mq4 Val_Bands.mq4   6 KB | 591 downloads
  • #51
  • Aug 20, 2016 12:50pm Aug 20, 2016 12:50pm
Quoting GoldTheHun
{quote} I have changed another indicator to show 3 circular pairs behaviour compared to look back period. I believe it gives interesting insights: {image} The first indicator shows how much money to be made or lost using eurusd, eurgbp, gbpusd, using weighted lots (second indicator shows the weights). Default calculation of the first indicator is (using the second indicator weights: Buy EURUSD Sell EURGBP Sell GBPUSD (balanced circular logic) So when the first indicator is below 0, you are supposed to Buy EURUSD Sell EURGBP Sell GBPUSD When the...
Is there any new development on this one?

Thanks
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #52
  • Sep 25, 2016 11:34pm Sep 25, 2016 11:34pm
System Idea : Stop Hunter

Enter on other systems failure.

Examples to follow.
No guts, no glory
  • #53
  • Edited 4:42am Sep 26, 2016 1:25am | Edited 4:42am
A strategy with mix of hedging and martingale.

I believe there are thousands of strategy out there that can tell you when to open a trade.

The challenge is where do you put your stop loss and take profit?

Most Traders lose because they have a very tight stop loss and a lot always missed the chance to exit before the market start reversing.

So I believe if we can solve the SL and TP problem then we are on the right track.

Here's the Solution:

No Stop loss
Use Hedging
Use Martingale
Proper Exit Strategy



Exit Strategy:
1#Close all winning positions on new signal.
2#Close all winning and losing positions when overall P&L is positive on new signal.
3#Close all winning and losing positions @ 1% equity Take Profit. (Keep it at 1% or lower, higher target means higher risk)


Martingale alone will kill you, but if you add hedging to the picture along with a good entry signal then you can beat the bad side of martingale.
If you add a filter before you open a position that's double the size of your losing trade then martingale works like wonders.
E.G. Only opening double the size of the losing trade if the next signal is in line with MA 200. Refer to the image below.


-The green and red box is a non-repainting indicator used as an entry signal for this scenario. (There's a lot there E.G. ASCTrend)
-Lot size will only increase if the signal closes above or below the 200MA
-The image follows the exit strategy condition 1 and 2.
-Lot size will return back to 0.01 when all trades are closed, starting a new cycle.
-The higher the martingale the faster you can get to the 1% target profit.




The image below explains the concept:
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.JPG Size: 106 KB
  • #54
  • Sep 26, 2016 4:43am Sep 26, 2016 4:43am
Quoting IonTrading
A strategy with mix of hedging and martingale. I believe there are thousands of strategy out there that can tell you when to open a trade. The challenge is where do you put your stop loss and take profit? Most Traders lose because they have a very tight stop loss and a lot always missed the chance to exit before the market start reversing. So I believe if we can solve the SL and TP problem then we are on the right track. Here's the Solution: No Stop loss Use Hedging Use Martingale Proper Exit Strategy Martingale alone will kill you, but if you add...
Thanks for sharing.

I think your post is not a reply on the Stop Hunting idea.

Based on my experience, pure martingale (not averaging in) is evil.
hedging on the same pair is useless.

Martingale + Hedging = useless evil.


"
Exit Strategy:
Close all winning positions on new signal >>( this implies keeping the losing positions) ???
Close all winning and losing positions when overall P&L is positive on new signal.
Close all winning and losing positions @ 1% equity Take Profit. (Keep it at 1% or lower, higher target means higher risk)
>> when using martingale & hedging, you'll find out that +1% is too difficult, even breakeven becomes so difficult, because of loss accumulation.
"
No guts, no glory
  • #55
  • Sep 26, 2016 4:48am Sep 26, 2016 4:48am
Quoting abokwaik
{quote} Thanks for sharing. I think your post is not a reply on the Stop Hunting idea. Based on my experience, pure martingale (not averaging in) is evil. hedging on the same pair is useless. Martingale + Hedging = useless evil. " Exit Strategy: Close all winning positions on new signal >>( this implies keeping the losing positions) ??? Close all winning and losing positions when overall P&L is positive on new signal. Close all winning and losing positions @ 1% equity Take Profit. (Keep it at 1% or lower, higher target means higher risk) >> when...

I just updated the image to better explain my concept.

Exit Strategy:
Close all winning positions on new signal >>( this implies keeping the losing positions) ??? - YES to free some margin
Close all winning and losing positions when overall P&L is positive on new signal.
Close all winning and losing positions @ 1% equity Take Profit. (Keep it at 1% or lower, higher target means higher risk)
>> when using martingale & hedging, you'll find out that +1% is too difficult, even breakeven becomes so difficult, because of loss accumulation. - Refer to the image below
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.JPG Size: 106 KB
  • #56
  • Sep 26, 2016 5:04am Sep 26, 2016 5:04am
System Idea : Stop Hunter

Example 1: by soultrader

"
My own strategy for hunting stops goes like this.


Look for a trend that has stalled for a while - what was the direction of the trend prior to the stall?

lets say it was long

then price stalls for a good while, like 2 days on a 30 min chart stuck in a range. The longer that range lasts the better as the more stops will be building below the range.

look for the range to start moving up then place entry orders below the range by about 10 pips.

what usually happens is that you get a pop high and then people enter, orders enter etc long - they put even more stops below the range - price retraces to below the range to take out the stops - yours to enter long is one of them and you get taken in. as the stops are hit price may drop somewhat up to 25 pips from the range - if it does more than this then beware. mostly you'll then get the pop high again for you to take your money.

Voila the stop hunt.
"
No guts, no glory
  • #57
  • Sep 26, 2016 11:17am Sep 26, 2016 11:17am
Hi guys,
my strategy is using market profile and orderflow to guess where the big players (banks, ...) are active. I publish these levels everyday here on ForexFactory. You can subscribe and follow my levels and see how profitable it is! I started giving these levels for free since begining of September. You can see the results here:
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 25 KB


Happy Trading
Dale
  • #58
  • Sep 27, 2016 6:47am Sep 27, 2016 6:47am
System Idea : Twisted PSAR.

PSAR is a lagging indicator.
This is a raw idea of fading PSAR and exit on opposite signal.
System can be improved by applying ATR-based SL.

Attached Image (click to enlarge)
Click to Enlarge Name: Twisted PSAR.png Size: 60 KB


Entries can be applied in both directions (i.e. enter a sell on close of buy). However Pips calculation shown on chart is for 1 direction only (buy).
No guts, no glory
  • #59
  • Sep 28, 2016 12:51am Sep 28, 2016 12:51am
Really twisted!
No guts, no glory
  • #60
  • Oct 13, 2016 11:10am Oct 13, 2016 11:10am
Broken ZigZag
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDM30.png Size: 31 KB
Click to Enlarge Name: GBPUSDM30.png Size: 29 KB
Click to Enlarge Name: EURGBPM30.png Size: 30 KB
Click to Enlarge Name: GBPCHFM30.png Size: 29 KB
No guts, no glory
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