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Catch the 1 min trend

  • #61
  • Jan 18, 2017 4:45am Jan 18, 2017 4:45am
Quoting laksior
Forexpinbar we have situation on NZD/USD. First we had Buy Signal and after that we had a Sell Signal. Do we close buy trade when sell signal appear or we open sell trade and let the buy trade run? buysell.png;2145144 {image}
Or maybe we should both and compare results?
Goal of a successful trader is to make the best trades. Money is secondary
  • #62
  • Jan 18, 2017 5:01am Jan 18, 2017 5:01am
If you want to win at forex, you have to learn how to lose...
Goal of a successful trader is to make the best trades. Money is secondary
  • #63
  • Jan 18, 2017 5:10am Jan 18, 2017 5:10am
I think the best way is to let every trade to hit TP or SL. In ranging market it should give us less pips on the loss side until we catch a trend finally.
Sry for my english
  • #64
  • Jan 18, 2017 5:13am Jan 18, 2017 5:13am
First trade Live
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-01-18 14_12_18-888000370_ ViproMarkets-Live - [USDCHF,M1].png Size: 69 KB
  • #65
  • Jan 18, 2017 5:20am Jan 18, 2017 5:20am
Choppy market kills any trend following 1min strategy, that's an unfortunate truth. I don't want to sound negative, I really tried to have a working 1min system but it the long term it just wouldn't work. At one moment you get so many false signals during the choppy day when price just bounces from one range to another, that it might kill your weekly gain so I would definitely recommend a sort-of filter to filter out wrong ones or switch to higher TF. Just dividing your values by 5 and get on 5M can help filtering out wrong signals.
  • #66
  • Jan 18, 2017 5:29am Jan 18, 2017 5:29am
Quoting mades
Choppy market kills any trend following 1min strategy, that's an unfortunate truth. I don't want to sound negative, I really tried to have a working 1min system but it the long term it just wouldn't work. At one moment you get so many false signals during the choppy day when price just bounces from one range to another, that it might kill your weekly gain so I would definitely recommend a sort-of filter to filter out wrong ones or switch to higher TF. Just dividing your values by 5 and get on 5M can help filtering out wrong signals.
Of course we need a filter to filter out the false signals in ranging markets but until we find one we will continue trading all signals..Any suggestion is welcomed..Our buddy suggested CCI filter here http://www.forexfactory.com/showthre...99#post9450899 .Please test and post results , suggestions , criticisms , whatever we need to make this system better.
Goal of a successful trader is to make the best trades. Money is secondary
  • #67
  • Jan 18, 2017 5:32am Jan 18, 2017 5:32am
Quoting mtorr
Looks promising just subscribed
Welcome on board mtorr..
Goal of a successful trader is to make the best trades. Money is secondary
  • #68
  • Jan 18, 2017 5:35am Jan 18, 2017 5:35am
Quoting nivashkumar
Hi forexpinbar , Will this idea work for crude , as i trade only crude.
Unfortunately I have not tested the system on crude oil...But you can test it and see for yourself because I also started testing this system recently and it seems to work quite well on USD pairs that is why I opened this thread to share ideas and optimize this system.
Goal of a successful trader is to make the best trades. Money is secondary
  • #69
  • Jan 18, 2017 5:36am Jan 18, 2017 5:36am
It’s not whether you’re right or wrong that’s important, it’s how much money you make when you’re right and how much you lose when you’re wrong.
George Soros
Goal of a successful trader is to make the best trades. Money is secondary
  • #70
  • Jan 18, 2017 5:42am Jan 18, 2017 5:42am
Quoting Forexpinbar
{quote} Of course we need a filter to filter out the false signals in ranging markets but until we find one we will continue trading all signals..Any suggestion is welcomed..Our buddy suggested CCI filter here http://www.forexfactory.com/showthre...99#post9450899 .Please test and post results , suggestions , criticisms , whatever we need to make this system better.
I'll be honest, I haven't found anything which could filter out bad trades on 1Min. Maybe mt4 default ADX and not trade when below certain value but it also filters out quite a bit of good signals. Every other indi showed either late signals or early with plenty of fakes. Even running an Indi with lets say value 100 on 1Min and the same one with value 20 on 5M yields often different results and fake signals on 1M which wouldn't occur on 5M so the best filter to me was always higher TF.
  • #71
  • Jan 18, 2017 5:50am Jan 18, 2017 5:50am
Quoting mades
{quote} I'll be honest, I haven't found anything which could filter out bad trades on 1Min. Maybe mt4 default ADX and not trade when below certain value but it also filters out quite a bit of good signals. Every other indi showed either late signals or early with plenty of fakes. Even running an Indi with lets say value 100 on 1Min and the same one with value 20 on 5M yields often different results and fake signals on 1M which wouldn't occur on 5M so the best filter to me was always higher TF.
Yes ADX could come in handy..I found this indicator on FF that I think might be useful...
Attached File(s)
File Type: mq4 ToR_1.20k.mq4   9 KB | 575 downloads
Goal of a successful trader is to make the best trades. Money is secondary
  • #72
  • Jan 18, 2017 5:59am Jan 18, 2017 5:59am
The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless.
Jack Schwager – Author of Market Wizards
Goal of a successful trader is to make the best trades. Money is secondary
  • #73
  • Jan 18, 2017 6:20am Jan 18, 2017 6:20am
Sounds great I'm about to load on demo and try it out. See how it goes
  • #74
  • Jan 18, 2017 7:51am Jan 18, 2017 7:51am
Quoting TezaFx
Sounds great I'm about to load on demo and try it out. See how it goes
Welcome on board TezaFX.
Goal of a successful trader is to make the best trades. Money is secondary
  • #75
  • Jan 18, 2017 7:52am Jan 18, 2017 7:52am
For now, I need you to consider the FACT that it can actually be harmful to your trading psychology and thus to your overall trading performance to focus too much on win percentages and whether or not you were “right” about your last trade(s). Trading is one of the few professions where you can be a net loser and still make a lot of money…thus, winning and losing percentages are almost totally irrelevant in the trading world...."NIAL FULLER"
Goal of a successful trader is to make the best trades. Money is secondary
  • #76
  • Jan 18, 2017 8:04am Jan 18, 2017 8:04am
USD/CAD BE +3,2
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-01-18 17_03_03-888000370_ ViproMarkets-Live - [USDCAD,M1].png Size: 78 KB


USD/CHF -22,4
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-01-18 17_05_24-888000370_ ViproMarkets-Live - [USDCHF,M1].png Size: 47 KB
  • #77
  • Jan 18, 2017 9:56am Jan 18, 2017 9:56am
Quoting Forexpinbar
For now, I need you to consider the FACT that it can actually be harmful to your trading psychology and thus to your overall trading performance to focus too much on win percentages and whether or not you were right about your last trade(s). Trading is one of the few professions where you can be a net loser and still make a lot of moneythus, winning and losing percentages are almost totally irrelevant in the trading world...."NIAL FULLER"
Nial Fuller only trades daily candles and h4. He will tell you 1 min charts is like taking lambs to the slaughter..
  • #78
  • Jan 18, 2017 10:03am Jan 18, 2017 10:03am
Quoting Scrambleguy
{quote} Nial Fuller only trades daily candles and h4. He will tell you 1 min charts is like taking lambs to the slaughter..
Lol
Goal of a successful trader is to make the best trades. Money is secondary
  • #79
  • Jan 18, 2017 11:04am Jan 18, 2017 11:04am
Forexpinbar,

no disrespect, but this strategy in its current form is a looser (see EA graph attached).
November 2016, 24/5 trading. Tried it with 9:00 to 18:00 - no huge difference....
Tried other months too, roughly the same picture.
Note: I did not use 200 EMA, just 365/21/8 (EA only handles 3 MA), but it does not make a big difference if the 200 EMA is there or not.

You have far more 20 pips losses then the odd 100 pip win or the wins created with trailing stop.

Moving average system are great, but they kill in a ranging market. Maybe you use other considerations when entering a trade?
Attached Image (click to enlarge)
Click to Enlarge Name: Catch 1 min trend November 2016.JPG Size: 75 KB
  • #80
  • Jan 18, 2017 11:34am Jan 18, 2017 11:34am
Quoting Silicus
Forexpinbar, no disrespect, but this strategy in its current form is a looser (see EA graph attached). November 2016, 24/5 trading. Tried it with 9:00 to 18:00 - no huge difference.... Tried other months too, roughly the same picture. Note: I did not use 200 EMA, just 365/21/8 (EA only handles 3 MA), but it does not make a big difference if the 200 EMA is there or not. You have far more 20 pips losses then the odd 100 pip win or the wins created with trailing stop. Moving average system are great, but they kill in a ranging market. Maybe you use...
Welcome on board Silicus and thanks for your criticism..That is what we need to make this system better..That is why we are all here in the first place , to share and learn..This strategy is still raw and we are still trying to find a filter to weed out the false signals in ranging markets.I suggest you backtest with CCI settings filter suggested by Almo on this post http://www.forexfactory.com/showthre...=9450899#reply and post back results..If possible run an optimization for the best settings so that we can all test in demo account and compare the results to the optimization results from backtest and improve the strategy..
Goal of a successful trader is to make the best trades. Money is secondary
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