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Aibs - another inside bar strategy

  • #101
  • Jan 16, 2017 5:15pm Jan 16, 2017 5:15pm
Usdtry

buy stop 3.81610
sell stop 3.71403
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDTRYDaily STUDY.png Size: 62 KB
Click to Enlarge Name: USDTRYDaily STUDY 2.png Size: 61 KB
  • #102
  • Jan 16, 2017 5:36pm Jan 16, 2017 5:36pm
Dear Juan 007,

Would you kind enough to share with us your complete template and indies ?

Thanks in advance,...

Cheers,

Budi
  • #103
  • Jan 17, 2017 2:08pm Jan 17, 2017 2:08pm
Hello. In my humble opinion, the results of this system can improve if we use some filter. In the thread called "No Free Lunch but all the Free Coffee you can drink" Peter Crowns and Joel Rensink (The Real Thing) mentioned the concept of "hot market" or "hot hand" as a method to choose which market to trade.
Peter explains the concept of "hot hand" here: http://www.forexfactory.com/showthre...18#post1921418
About the hot market, in a public webinar years ago, Joel explains the concept of "hot market". In a nutshell, a "hot market" is a strong market, with a strong trend. Joel explained one simple method in order to identify a strong market:
1- 20 day breakout. Open trades only in the direction of the breakout.
2- 20 day exponential moving average as a trailing stop.
My intention is not to change the main system presented here by slywoox, only I'm suggesting the possibility to add a filter in order to identify which market is trending and the direction of the trade.
Although is more simple than the method presented by Joel, I would like to introduce you the Pldot indicator as a method to choose the markets to trade and the direction of the trades.
The Pldot indicator is the main indicator of the drummound geometry, and it has some characteristics that easy you will find with google. I like to use Pldot, because once a bar open and close above of the pldot, the price tends to go up. When a bar open and close below of the pldot, the price tends to go down.


PS. I attached the pldot indicator (line version), and an example chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 44 KB
Attached File(s)
File Type: mq4 PLdot.mq4   2 KB | 729 downloads
  • #104
  • Jan 17, 2017 9:20pm Jan 17, 2017 9:20pm
i found this inside bar indicator and using this on H1 timeframe set in M30 chart
Attached File(s)
File Type: ex4 Inside_Bar.ex4   15 KB | 575 downloads
File Type: mq4 Inside_Bar.mq4   11 KB | 672 downloads
Success is a Journey Not a Destination....... kind regards ramzam
  • #105
  • Jan 17, 2017 9:21pm Jan 17, 2017 9:21pm
having more if useful means please
Attached File(s)
File Type: ex4 DoubleInsideBar.ex4   9 KB | 729 downloads
File Type: mq4 DoubleInsideBar.mq4   2 KB | 832 downloads
File Type: ex4 hl_ma_band.ex4   12 KB | 665 downloads
File Type: mq4 hl_ma_band.mq4   2 KB | 701 downloads
File Type: ex4 IB_Indicator.ex4   14 KB | 724 downloads
File Type: mq4 IB_Indicator.mq4   12 KB | 855 downloads
Success is a Journey Not a Destination....... kind regards ramzam
  • #106
  • Jan 18, 2017 3:10am Jan 18, 2017 3:10am
I have this indicator, but what we need is an expert advisor, possible that no one can fill it?
Attached File(s)
File Type: ex4 ACB Inside Bar V1.1.ex4   28 KB | 745 downloads
  • #107
  • Jan 18, 2017 4:37pm Jan 18, 2017 4:37pm
Hi guys,

this evening I found this inside candles:

EURUSD: Buy stop 1.0716 - TP 1.0807 - SL 1.0625
Sell stop 1.0625 - TP 1.0534 - SL 1.0716

GBPUSD: Buy stop 1.24145 - TP 1.25781 - SL 1.22509
Sell stop 1.22509 - TP 1.20873 - SL 1.24145

USDCHF: Buy stop 1.0076 - TP 1.0146 - SL 1.0006
Sell stop 1.0006 - TP 0.9936 - SL 1.0076

At the moment only USDCHF is at the market.

Good night.

Leonardo
  • #108
  • Jan 26, 2017 9:05am Jan 26, 2017 9:05am
Did anyone develop EA for this yet?
  • #109
  • Jan 26, 2017 9:14am Jan 26, 2017 9:14am
Quoting slywoox
USD/JPY on daily chart have INSIDE BAR SELL STOP ORDERS: ORDER A - SELL STOP - 103.55; STOP LOSS 104.55; TAKE PROFIT 102.51 ORDER B - SELL STOP - 103.55; STOP LOSS 104.55; TAKE PROFIT 102.51 ORDER C - SELL STOP - 103.55; STOP LOSS 104.55; NO TAKE PROFIT BUY STOP ORDERS: ORDER A - BUY STOP - 104.55; STOP LOSS 103.55; TAKE PROFIT - 105.54 ORDER B - BUY STOP - 104.55; STOP LOSS 103.55; TAKE PROFIT - 105.54 ORDER C - BUY STOP - 104.55; STOP LOSS 103.55; NO TAKE PROFIT {image}

Hi slywoox

Excellent strategy! I just have 1 questions:
What is the purpose of Order A and Order B? Can't this just be 1 Order of double the size since they both of exact same entry, SL and TP, I am not understanding the purpose.
  • #110
  • Jan 26, 2017 9:54am Jan 26, 2017 9:54am
Sorry I have a few more questions so I can understand the strategy better:

1) Where do you set your TP?
2) Do you do anything with the "Pending Sell" positions once the "Buy" positions are active and vice versa?
3) Once you TP gets triggered for Order A and Order B....when do you Take profit or close the Position C?
  • #111
  • Jan 26, 2017 10:07am Jan 26, 2017 10:07am
Quoting mickael58
I have this indicator, but what we need is an expert advisor, possible that no one can fill it? {file}
What does this indicator do? I installed it and loaded on my chart but all I see is "Waiting" displayed for bunch of fields like "Buy Entry1" , "But Target1" and so on.
  • #112
  • Feb 13, 2017 8:36am Feb 13, 2017 8:36am
hope there is more discussion on this topic..very2 interesting
Attached File(s)
File Type: ex4 InsideBar dweb v1.00 build810(1).ex4   21 KB | 846 downloads
  • #113
  • Mar 14, 2017 3:01pm Mar 14, 2017 3:01pm
Hello guys,

I am new to this thread. Can you tell me is still somebody working with this system?? And is it profitable?? Thanx!!
  • #114
  • Mar 14, 2017 3:28pm Mar 14, 2017 3:28pm
Quoting Juan007
au inside ea inside audchf inside usd try inside {image} {image} {image} {image}
were can i find this template and indicators?
  • #115
  • Mar 18, 2017 5:12am Mar 18, 2017 5:12am
its easy to make an EA with this method to backtest for history.
  • #116
  • Mar 19, 2017 6:40pm Mar 19, 2017 6:40pm
Quoting wannasay
its easy to make an EA with this method to backtest for history.
If you know how to make EA. Can you make it?
  • #117
  • Jun 1, 2017 11:41am Jun 1, 2017 11:41am
Quoting Juan007
Usdtry buy stop 3.81610 sell stop 3.71403 {image} {image}
Hi Juan 007,
Would you kind to share with us your complete template and indies ......?
Thanks
  • #118
  • Feb 11, 2018 9:13am Feb 11, 2018 9:13am
This is great, but some how die down.
Some one still trade using this?
  • #119
  • Apr 11, 2018 5:41am Apr 11, 2018 5:41am
Hi there,

I'm wondering if this thread is still active, Ill say share what I have to share anyway.

This strategy looks great but I noticed there might be a lot of orders stopped out at a loss, so what do you think of instead using the bar prior to the inside bar to base your orders off.

If anybody reads this let me know... Lets bring this thread back to life...

Cheers
  • #120
  • Sep 29, 2018 4:17pm Sep 29, 2018 4:17pm
Quoting forexscience
Hi there, I'm wondering if this thread is still active, Ill say share what I have to share anyway. This strategy looks great but I noticed there might be a lot of orders stopped out at a loss, so what do you think of instead using the bar prior to the inside bar to base your orders off. If anybody reads this let me know... Lets bring this thread back to life... Cheers

Hi forexscience,
I'm here if you want to bring this thread back to life...

Have a nice week end
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