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need simple indicator for Daily green/red candle 2 replies

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Daily green/red candle

  • #3,201
  • Oct 17, 2016 8:54pm Oct 17, 2016 8:54pm
Quoting TooSlow
{quote} {image} dimdel, you may want to save this and use it in the future.

its true
i need it
thanks
  • #3,202
  • Oct 18, 2016 12:13am Oct 18, 2016 12:13am
anyone with me?

Attached Image (click to enlarge)
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  • #3,203
  • Oct 18, 2016 12:58am Oct 18, 2016 12:58am
Quoting dimdel
anyone with me? {image}
Missed that. Too Early for me. Was sleeping

DD
.
  • #3,204
  • Oct 18, 2016 1:51am Oct 18, 2016 1:51am
Quoting Dildubai
{quote} Missed that. Too Early for me. Was sleeping DD .
right, is early to me too

just i was out, so i catch it......
  • #3,205
  • Oct 19, 2016 9:38am Oct 19, 2016 9:38am
Has anybody made an EA of this? Do you think it would be worth it, since then you can trade all 28 pairs if need be?
  • #3,206
  • Oct 19, 2016 10:32am Oct 19, 2016 10:32am
Quoting gselsidi12
Has anybody made an EA of this? Do you think it would be worth it, since then you can trade all 28 pairs if need be?
Hi
It'd be nice to have an EA and backtest the performances on all 28 pairs but unfortunately I'm not good in programming.
Are you able to code EA on MT4?

Thanks
Merka
  • #3,207
  • Oct 19, 2016 12:56pm Oct 19, 2016 12:56pm
Quoting Merka
{quote} Hi It'd be nice to have an EA and backtest the performances on all 28 pairs but unfortunately I'm not good in programming. Are you able to code EA on MT4? Thanks Merka
No but I can pay someone to, we can make a fund if people want to chip in on the cost and have it programmed, I also have a VPS server to run tests on, question is do you guys think this system is profitable?
  • #3,208
  • Oct 19, 2016 2:01pm Oct 19, 2016 2:01pm
Quoting gselsidi12
{quote} No but I can pay someone to, we can make a fund if people want to chip in on the cost and have it programmed, I also have a VPS server to run tests on, question is do you guys think this system is profitable?
Hi
No problems, we can share the cost. Thanks for the offer.

Is it a profitable system?
Dimdel will tell you YES.
I think as this is a mechanical system, It will work best when there is volatility in the market and worst on sideways.
The only way to find the average performance of this system is to backtest it running an EA over some years of backdata.

Try first to post the request for the EA here for free: http://www.forexfactory.com/showthre...99#post9207399

Stay in touch.
Cheers.
Merka
  • #3,209
  • Oct 19, 2016 11:07pm Oct 19, 2016 11:07pm
Quoting Merka
{quote} Hi No problems, we can share the cost. Thanks for the offer. Is it a profitable system? Dimdel will tell you YES. I think as this is a mechanical system, It will work best when there is volatility in the market and worst on sideways. The only way to find the average performance of this system is to backtest it running an EA over some years of backdata. Try first to post the request for the EA here for free: http://www.forexfactory.com/showthre...99#post9207399 Stay in touch. Cheers. Merka
Well supposedly the market spent around 80% in consolidation therefore sideways markets, that would make it seem like a losing system. Anyway to filter sideways or volatile days? ATR or prior day candle size? Or will it automatically play itself out given if that a day isn't volatile it won't break prior lows/highs.

Dimdel chime in here and if you think your original or modified trading style is profitable(if it's mechanical enough to be coded)I will get an EA coded.

Thanks
  • #3,210
  • Oct 20, 2016 3:00am Oct 20, 2016 3:00am
Attempts at an EA have already come and gone multiple times. I have also created one.
It never worked. The system is mechanical in the sense of when and where to expect to trade, but the actual parameters are dependent on your trading style and trading sense. Like not trading into an obvious risky area, watching for non-farm Friday trades, etc.
  • #3,211
  • Oct 21, 2016 4:18am Oct 21, 2016 4:18am
Hi, I've tried this strategy o real account and it has very good results. The major thing in this strategy is take profit factor. For take profit I use method from D.I.B.S. trading strategy. That mean we open 2 orders - one with 1% risk ant TP level on 200 Fibo, another with 0,5% risk but no TP level, just follow 20 SMA trailing stop. So this order let us catch big moves.
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  • #3,212
  • Oct 21, 2016 8:15am Oct 21, 2016 8:15am
Quoting Nematomas
Hi, I've tried this strategy o real account and it has very good results. The major thing in this strategy is take profit factor. For take profit I use method from D.I.B.S. trading strategy. That mean we open 2 orders - one with 1% risk ant TP level on 200 Fibo, another with 0,5% risk but no TP level, just follow 20 SMA trailing stop. So this order let us catch big moves. {image}
Do you apply any additional filters or your take entries like original rules every bar/every color change?
  • #3,213
  • Nov 14, 2016 12:29am Nov 14, 2016 12:29am
hi friends
anyone with good results?
  • #3,214
  • Nov 15, 2016 11:27pm Nov 15, 2016 11:27pm
Quoting Nematomas
Hi, I've tried this strategy o real account and it has very good results. The major thing in this strategy is take profit factor. For take profit I use method from D.I.B.S. trading strategy. That mean we open 2 orders - one with 1% risk ant TP level on 200 Fibo, another with 0,5% risk but no TP level, just follow 20 SMA trailing stop. So this order let us catch big moves. {image}
very good nematomas
go on
  • #3,215
  • Nov 25, 2016 9:38am Nov 25, 2016 9:38am
Hi, dimdel.
Nice & easy strategy) I'm in!
Will start testing next week. Can you recommend any pairs?
  • #3,216
  • Nov 26, 2016 9:22pm Nov 26, 2016 9:22pm
Quoting antisystem
Hi, dimdel. Nice & easy strategy) I'm in! Will start testing next week. Can you recommend any pairs?
hi antisystem

you can use all the pairs but

i prefer only GBPJPY D1
less stress
  • #3,217
  • Nov 27, 2016 1:23am Nov 27, 2016 1:23am
Is there a workable EA for this strategy?
It looks quite simple & effective but still I need to trade through an EA due to my workload.
I would appreciate your assistance.
  • #3,218
  • Nov 27, 2016 11:13am Nov 27, 2016 11:13am
Quoting Ocsag
Is there a workable EA for this strategy? It looks quite simple & effective but still I need to trade through an EA due to my workload. I would appreciate your assistance.
hi oscag
i dont use EA because sometimes i close the order manually ( following the PA/trendlines/pivots etc )
  • #3,219
  • Nov 27, 2016 11:25am Nov 27, 2016 11:25am
Dimdel, do you still put 2 pending orders with different TP?
  • #3,220
  • Nov 27, 2016 11:38am Nov 27, 2016 11:38am
Quoting antisystem
Dimdel, do you still put 2 pending orders with different TP?
i put 2 orders
and i trade % (NO LOT)
example i risk 3% total ( 1 or 2 or 10 orders )
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