Billytt Die happy trading e/j daily breakout | Page 696 | Forex Factory

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Billytt Die happy trading e/j daily breakout

  • #13,901
  • Jan 17, 2017 5:13am Jan 17, 2017 5:13am
Quoting billytt
Quoting fxtyrant
{quote} Billy, just throwing some ideas around. have you considered strategies like. 1. if DAX open gaps up, enter long and exit when Dax trading day closes. and vice versa if dax open gaps down, enter short and close the short at the end of the day. 2. If dax, goes up 1%, during the day, enter a reverse trade and vice versa. and when i mean trading the DAX Thanks for the input,
i was reading something very similar a few weeks ago .I will definately look at it perhaps looking for consistencies like frequency distribution, like the little tails on daily bars/04-00 bars.
Definitely give it a think.... i have seen other weirder strategies i personally have an algo that trades the dax very successfully but its very very low timeframe... trades on the 1M chart of the DAX indices and enter trades on the DAX CFD's
just to give you a taste...

138% return over 3 months period with max intraday drawdown recorded at roughly at 4%.

i have yet to see how this algo copes when theres like a huge single day market crash.... but thats why i have the envelope as an exit strategy, so if on any 1 minute candle the prices closes outside of the enveloped range (extreme price action), it closes the whatever trade there is immediately on the next 1 minute candle open....

This strategy is basically a strategy that involves multiple low period indicators fighting each other to determine the direction, but i obviously cant share whats being used.

looking to see how this strategy runs overtime, but i also got another one thats running on S&P500
Attached Image (click to enlarge)
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We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #13,902
  • Jan 17, 2017 5:33am Jan 17, 2017 5:33am
@Claudia1
Hi Claudia,
I have read your "stairstep" link and put the indicator on a 15 minute EJ chart.
Have I set the chart up correctly?
It shows a break short ?
Thanks..
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every Saint has a past. Every Sinner has a Future
  • #13,903
  • Jan 17, 2017 6:19am Jan 17, 2017 6:19am
Quoting fxtyrant
{quote}{quote} Definitely give it a think.... i have seen other weirder strategies i personally have an algo that trades the dax very successfully but its very very low timeframe... trades on the 1M chart of the DAX indices and enter trades on the DAX CFD's just to give you a taste... 138% return over 3 months period with max intraday drawdown recorded at roughly at 4%. i have yet to see how this algo copes when theres like a huge single day market crash.... but thats why i have the envelope as an exit strategy, so if on any 1 minute candle the...
Most interesting, i had to go out for a while unexpectedly,
It looks something similar to my countering against each other until we have a definate direction/profit then close trades and start again on next trigger..
t
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,904
  • Jan 17, 2017 6:43am Jan 17, 2017 6:43am
Quoting billytt
{quote} Most interesting, i had to go out for a while unexpectedly, It looks something similar to my countering against each other until we have a definate direction/profit then close trades and start again on next trigger.. t
pretty much it.... but this one is based on the minute chart... otherwise anything higher tiime frame you risk opening urself to longer periodicity candles where it requires a longer time to close the candle to make a decision to enter or exit trades, so the likely hood of a 2000 point drop on the 5 minute candle is larger than that of a 2000 point drop in a 1 minute candle, from open to close....

so that is why more and more trading is done iin HFT, to get in and out faster....

many tech strategies fail because they cant get out fast enough or because of the trading rule it requires that the Hour or the Daily candle to close in order to execute an exit logic..... by that time its already destroyed much of your account or capital....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #13,905
  • Jan 17, 2017 7:04am Jan 17, 2017 7:04am
Quoting fxtyrant
{quote} pretty much it.... but this one is based on the minute chart... otherwise anything higher tiime frame you risk opening urself to longer periodicity candles where it requires a longer time to close the candle to make a decision to enter or exit trades, so the likely hood of a 2000 point drop on the 5 minute candle is larger than that of a 2000 point drop in a 1 minute candle, from open to close.... so that is why more and more trading is done iin HFT, to get in and out faster.... many tech strategies fail because they cant get out fast enough...
AGREED 100%.i just need the trigger for +5 . I do sometimes make a lot more but 5% is wicked to gather most days.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,906
  • Jan 17, 2017 7:45am Jan 17, 2017 7:45am
Lem's CAD/USD "dead Zone" trade
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every Saint has a past. Every Sinner has a Future
  • #13,907
  • Jan 17, 2017 7:55am Jan 17, 2017 7:55am
And update on Billy's 4am bar break:
( Add Lems " Wick Zone" approach if you wish)
Bit of "Gap" filling theory here ?
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every Saint has a past. Every Sinner has a Future
  • #13,908
  • Jan 17, 2017 8:00am Jan 17, 2017 8:00am
EJ does its thing...

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  • #13,909
  • Jan 17, 2017 8:04am Jan 17, 2017 8:04am
Quoting lemercenaire
EJ does its thing... EURJPYH1deadzonegivingitalltoday17thjan17.png;2143744 {image}
Lem -would the red bar upper wick be something that would trigger a short as it (price) fell back south over its opening price ?
every Saint has a past. Every Sinner has a Future
  • #13,910
  • Jan 17, 2017 8:06am Jan 17, 2017 8:06am
Quoting turnip15
@Claudia1 Hi Claudia, I have read your "stairstep" link and put the indicator on a 15 minute EJ chart. Have I set the chart up correctly? It shows a break short ? Thanks.. {image}
Be careful of the basic stairstep, Mr T, it is very dependent on which pairs you use for any kind of long term success. The screen you show there also shows how often it gets it wrong...what's that, 4 negative trades in a row. This is why I gave up on it, adapted the use of the box and put it to work on The Frankfurt Break instead, where it is stellar.
  • #13,911
  • Jan 17, 2017 8:10am Jan 17, 2017 8:10am
Quoting turnip15
{quote} Lem -would the red bar upper wick be something that would trigger a short as it (price) fell back south over its opening price ?
Yes, it was taken as a WZ trade short out of the upper zone...and is still going.

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  • #13,912
  • Jan 17, 2017 8:11am Jan 17, 2017 8:11am
Quoting turnip15
And update on Billy's 4am bar break: ( Add Lems " Wick Zone" approach if you wish) Bit of "Gap" filling theory here ? {image}
lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,913
  • Jan 17, 2017 8:13am Jan 17, 2017 8:13am
@Claudia1

Here's an updated "Stairstep" ( If I am using the EA properly). The Op noted that price often bounced around boundaries of the "stairstep" ? Will keep this as a side line project for now. Thanks for mentioning it earlier.
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every Saint has a past. Every Sinner has a Future
  • #13,914
  • Jan 17, 2017 8:16am Jan 17, 2017 8:16am
Quoting lemercenaire
{quote} Be careful of the basic stairstep, Mr T, it is very dependent on which pairs you use for any kind of long term success. The screen you show there also shows how often it gets it wrong...what's that, 4 negative trades in a row. This is why I gave up on it, adapted the use of the box and put it to work on The Frankfurt Break instead, where it is stellar.
yes Lem -the drawbacks are quickly becoming clearer as I work the forex charts.
every Saint has a past. Every Sinner has a Future
  • #13,915
  • Edited 1:05pm Jan 17, 2017 9:19am | Edited 1:05pm
Mr T. You can see how adapting (re-purposing?) the ss-box to the FB can work simply by taking the initial profit as designed and then trading the lines through the day as well.

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On the GN, I have added a Mid-Line and it is possible to ''Surf-The-Alien'' all day...

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EDIT: Ignore the ''No Trade'' on the GN chart, that's a holdover from my setting it to max of 20 pips which isn't relevant to surfing the mid-line.
  • #13,916
  • Jan 17, 2017 12:33pm Jan 17, 2017 12:33pm
Quoting lemercenaire
Mr T. You can see how adapting (re-purposing?) the ss-box to the FB can work simply by taking the initial profit as designed and then trading the lines through the day as well. EURGBPM15FBv1ifyoudworkedthatonetoo17thjan17.png;2143878 EURGBPM15FBifyoudworkedtheday17thjan17.png;2143879 On the GN, I have added a Mid-Line and it is possible to ''Surf-The-Alien'' all day... GBPNZDM15surfingthealien17thjan17.png;2143894 {image} {image} {image}
More homework pour moi. Thanks lem - I will read through this carefully -thanks for taking the time to compile the information.
every Saint has a past. Every Sinner has a Future
  • #13,917
  • Jan 17, 2017 12:52pm Jan 17, 2017 12:52pm
Quoting lemercenaire
{quote} Be careful of the basic stairstep, Mr T, it is very dependent on which pairs you use for any kind of long term success. The screen you show there also shows how often it gets it wrong...what's that, 4 negative trades in a row. This is why I gave up on it, adapted the use of the box and put it to work on The Frankfurt Break instead, where it is stellar.
It is VERY dependent on how it is set up and with what pair. I agree. It is a major headache.
  • #13,918
  • Jan 17, 2017 4:58pm Jan 17, 2017 4:58pm
22-58 This is very early for me,
Looking at cable with that pennant? it looks like it will drop BUT it is Cable..
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,919
  • Edited 5:16pm Jan 17, 2017 5:00pm | Edited 5:16pm
My lady has talked me into building her a studded partition separating lounge from dining room, I said i would get a builder in but she wants me to do it lol.. I am doing it tomorrow yay. that means probably no dancing and not too sure about trading.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13,920
  • Jan 17, 2017 5:40pm Jan 17, 2017 5:40pm
I cannot get any charts up now and i am even having trouble on this laptop trying to post in here, Hope this posts.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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