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An Edge for an Edge (System Development)

  • #21
  • Jun 19, 2015 10:59pm Jun 19, 2015 10:59pm
Great thread.
I am an adict to Grid Trading, some times cost a lot. Its just in my genes.
Trying to limit the ranges, like engulving.
What to say about a double engulving. Will happen, no doubt, but %?
Lot of great info already.
Have to resurch mr Eyeball and "Al Brooks?". Oh ja and "phython".
Thanks all and good trading.
  • #22
  • Edited 10:05pm Jun 20, 2015 9:29pm | Edited 10:05pm
Conners RSI and matrix grid trader hybrid.

Grid trades not triggered until in the conners reversal zone

EurUsd step 6 tp 8

Dynamic target as trades increase against Expected reversal

1min timeframe

Please code someone...
Solutions ONLY!!!
  • #23
  • Jun 21, 2015 12:30am Jun 21, 2015 12:30am
Quoting BillYon
Conners RSI and matrix grid trader hybrid. Grid trades not triggered until in the conners reversal zone EurUsd step 6 tp 8 Dynamic target as trades increase against Expected reversal 1min timeframe Please code someone...
You need to learn to read.
  • #24
  • Jun 21, 2015 7:15am Jun 21, 2015 7:15am
Quoting MidKnight
Not every day is equal. Here are stats for the odds of making a high or low for any given week. Note that there is consistent odds for monday or friday being the high and/or low for any given week consistent across all the majors. EUR/USD {image} GBP/USD {image} USD/JPY {image} USD/CAD {image} AUD/USD {image} NZD/USD {image} More to come along a similar theme. With kind regards, MK
Hi midKnight,
do you export the candle data to file (csv) first, before doing calculation with python?
Good friends are more valuable than gold ...
  • #25
  • Jun 21, 2015 7:24am Jun 21, 2015 7:24am
Quoting BillYon
Conners RSI and matrix grid trader hybrid. Grid trades not triggered until in the conners reversal zone EurUsd step 6 tp 8 Dynamic target as trades increase against Expected reversal 1min timeframe Please code someone...
Hi mate, do you mean "connors rsi" ? i can not find conners rsi using google. Could you please give a link? Thanks
Good friends are more valuable than gold ...
  • #26
  • Jun 21, 2015 8:03am Jun 21, 2015 8:03am
Quoting pedma
{quote} Hi mate, do you mean "connors rsi" ? i can not find conners rsi using google. Could you please give a link? Thanks
yes. I misspelled . lol
Solutions ONLY!!!
  • #27
  • Jun 21, 2015 7:50pm Jun 21, 2015 7:50pm
Quoting pedma
{quote} Hi midKnight, do you export the candle data to file (csv) first, before doing calculation with python?
Yes.

.....

So...no one is going to share anything? I had expected this would be the case and I'm not really surprised. Some people even think this a thread where they can request others do to do their research for them - people never cease to amaze me.

Positive expectancy systems can be created from the stats I provided. I will retreat back into the shadow, as this threads path is clear.
  • #28
  • Jun 21, 2015 11:38pm Jun 21, 2015 11:38pm
Quoting MidKnight
{quote} Yes. ..... So...no one is going to share anything? I had expected this would be the case and I'm not really surprised. Some people even think this a thread where they can request others do to do their research for them - people never cease to amaze me. Positive expectancy systems can be created from the stats I provided. I will retreat back into the shadow, as this threads path is clear.
It's unfortunate, but the truth is most Trader's want to keep their discoveries secret no matter how useless those discoveries are when applied to their trading.

The reason I made this thread is for everyone's benefit hopefully some more experienced Traders, or Traders that are smart enough to understand the logic of this thread can stop by for a minute or two and share some of their findings in regards to Forex.

I do appreciate the stats you shared MidKnight, if I'm able to apply them usefully I will pass on what I find to you. Thanks Brother! One question for you, did you notice any obvious High/Low Bias for an Hourly or Intraday Periods? Thanks again
A Positive Mind, and Positive Spirit lead to True Happiness
  • #29
  • Jul 20, 2015 10:52pm Jul 20, 2015 10:52pm
MidKnight has definitely provided us with some strong statistics! do we have any other programmers around? or people who can run some backtests? Maybe we can get some statistics down to an hour basis and find which ones over a very long period of time like MK's stats show which hours consistently hold a higher statistic of being more volatile and active. We may already think we know but some confirmation may help or even surprise some of us.
  • #30
  • Mar 2, 2017 9:13am Mar 2, 2017 9:13am
not really an edge, more or less a trick. i named this setup the pawn (this is another story about chess and life in general).
it's an inside bar breakout pattern
but i trade only patterns that have the body of the inside bar smaller than the wicks and the body of the bar before the inside bar its also smaller.

so how i play this setup?

I define a long term trend.
I will trade the breakout only in the direction of long term trend.
I put the stop on the other side of breakout at the high or low.
I exit the trade when the long term trend it has changed.
Attached Image(s) (click to enlarge)
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Price itself it's an indicator
  • #31
  • Mar 2, 2017 9:39am Mar 2, 2017 9:39am
I'm not a smart person but i remember this from school: Newton's first law of physics: for every action there is an opposite reaction. This again its true in life and true in markets. But just because its true don't bet your entire account on this setup. (again not a true edge) Bet small, cut your lossers, let profit run.

the pattern for long: if monday and tuesday were down days entry long on wednesday at the break of yesterday high.
stop at yesterday low.
exit when the trend change.

this 2 long possiton were hold for 3 years
Attached Image (click to enlarge)
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Price itself it's an indicator
  • #32
  • Mar 2, 2017 10:52am Mar 2, 2017 10:52am
how about the short bet on pound from '92 made by druckenmiller&soros ?
Attached Image (click to enlarge)
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Price itself it's an indicator
  • #33
  • Mar 2, 2017 11:36am Mar 2, 2017 11:36am
another pattern:
if today open price is below yesterday open price or close price, buy when price fills the gap
stop today low or yesterday low.
this pattern its for stock market, be aware that stock markets are less efficent than forex markets.
define long term trend
search for the pattern
when pattern finded entry long.
trail the stop
Attached Image (click to enlarge)
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Price itself it's an indicator
  • #34
  • Mar 17, 2017 12:47pm Mar 17, 2017 12:47pm
old one : NR4 An NR4 is a trading day with the narrowest daily range of the last four days. An inside day has a higher low than the previous day's low and a lower high than the previous day's high.

I define a long term trend.
I will trade the breakout only in the direction of long term trend.
I put the stop on the other side of breakout at the high or low.
I exit the trade when the long term trend it has changed.
Attached Image (click to enlarge)
Click to Enlarge Name: narrow.png Size: 16 KB
Price itself it's an indicator
  • #35
  • Mar 17, 2017 1:01pm Mar 17, 2017 1:01pm
what about this pattern? 2 consecutive pin bars. It's a good risk/reward pattern.

I define a long term trend.
I will trade the breakout only in the direction of long term trend.
I put the stop on the other side of breakout at the high or low.
I exit the trade when the long term trend it has changed.
Attached Image (click to enlarge)
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Attached Image
Price itself it's an indicator
  • #36
  • Mar 17, 2017 1:27pm Mar 17, 2017 1:27pm
or this: one pin bar followed by an candlestick and the 3 candle is also a pin bar that has the extrems almost identical with the first pin bar.
trade the breakout in the direction of the long term trend. (it's a good setup in stock markets, little risk huge reward)
Attached Image
Price itself it's an indicator
  • #37
  • Mar 17, 2017 1:57pm Mar 17, 2017 1:57pm
from my memory thei are like 16000 listed companies only on american market
so i sugest to trade this pattern only on weekly charts and only from the long side (stock markets have an upward drift, and if a stock is 200 usd it can go only to zero but on the up side the growth is limitless)

you will look at chart from right to left (yes from right to left)

the low of signal candle is the lowes low from the last 3 session
the high it the highest high of last 3 session
buy only athe the break of the highest high
trail the stop
Attached Image
Price itself it's an indicator
  • #38
  • Mar 17, 2017 2:16pm Mar 17, 2017 2:16pm
again only for stocks and only play the long side

if yesterday 2 ADX was below 25 buy today at high break
if today we don't have a high break buy tomorow
if we don't have a break in 2 days forget about the setup.
Attached Image (click to enlarge)
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Price itself it's an indicator
  • #39
  • Mar 17, 2017 2:42pm Mar 17, 2017 2:42pm
pattern for stocks
only long
only weekly charts
if stochastic is below 40
buy at the break of previous high if it was an pin bar or inside bar
Attached Image (click to enlarge)
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Price itself it's an indicator
  • #40
  • Mar 17, 2017 3:15pm Mar 17, 2017 3:15pm
again setup for stock markets
only buy
entry only on stocks that are priced above 60 USD
buy today at the break of yesterday high only if yesterday candle it was a pin bar with open and close newar the low of the candle
exit after 10 days or ttrail the stop
Attached Image (click to enlarge)
Click to Enlarge Name: 50ormore.png Size: 13 KB
Price itself it's an indicator
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