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Random Walk (The unbeatable!)

  • #121
  • Apr 5, 2017 4:18pm Apr 5, 2017 4:18pm
yeah index options are much better they carry less risk. But with a bit of study it's easy to see why you would also trade some individual names, such as AAPL. ))) see below. this is normal dist of weekly returns past 20 weeks.
Attached Image
  • #122
  • Apr 5, 2017 5:59pm Apr 5, 2017 5:59pm
Quoting GoldTheHun
{quote} Can you post a chart please?
GTH please find attached these charts for USDJPY: The H4 view and the M5 view. What can I do?
Notice that I cant see the Support Levels at all on the M5 same as M15 to H1 but on H4 and D1 I see only the first support level.
Thanks for your concern.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY.gfxH4.png Size: 40 KB
Click to Enlarge Name: USDJPY.gfxM5.png Size: 32 KB
  • #123
  • Apr 5, 2017 6:08pm Apr 5, 2017 6:08pm
Quoting RapzyFX
{quote} GTH please find attached these charts for USDJPY: The H4 view and the M5 view. What can I do? Notice that I cant see the Support Levels at all on the M5 same as M15 to H1 but on H4 and D1 I see only the first support level. Thanks for your concern. {image} {image}
Just bring the mouse to the far right side where the prices are, click and hold the left mouse button down, and drag the mouse down while holding. This will change the view...
  • #124
  • Apr 5, 2017 6:26pm Apr 5, 2017 6:26pm
Quoting GoldTheHun
{quote} Just bring the mouse to the far right side where the prices are, click and hold the left mouse button down, and drag the mouse down while holding. This will change the view...

Check this out
EDIT: Wao I got it now never known that was possible. I just put the mouse on the vertical scale and dragged down like you said. Thanks soo .

Hey have you noticed the weekly RESISTANCE levels are labelled as SUPPORT?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY.gfxM5.png Size: 74 KB
Click to Enlarge Name: USDJPY.gfxM5b.png Size: 70 KB
  • #125
  • Apr 6, 2017 2:28am Apr 6, 2017 2:28am
Day 2 of testing this method.
Place 3 limit orders.
One to TP and one did not reach Entry but hit Target (Out) and last still waiting
0.5% risk
1.5% gain
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 32 KB
Click to Enlarge Name: Screenshot3.png Size: 42 KB
  • #126
  • Apr 6, 2017 4:02am Apr 6, 2017 4:02am
Quoting RapzyFX
{quote} Hey have you noticed the weekly RESISTANCE levels are labelled as SUPPORT? {image} {image}
That was a typo error.

Quoting GoldTheHun
unfortunately the markets are very close to random walk. I devised a support and resistance indicator ( using abokwaik indicator, praise to him). You will see that the prices really respect these levels.
Edit: I have revised the indicator, so that only this indicator ( RW-SupportResistanceALL) will be used on the chart. It will use the ATR-Close indy in the background so both must be downloaded {file} {file}
Thank you for starting such a thread, I appreciate your efforts.

As for the weekly labels, and since you have a special version of the indicator, you can modify the last line to reflect correct weekly labels, just change "W1 Sup " to "W1 Res ":

//-- Weekly Resistance ---------------------------------------------
obj1=prefix+"WR_"+i;
ObjectCreate(0,obj1,OBJ_HLINE,0,Time[0],wr[i]);
ObjectSetString(0,obj1,OBJPROP_TOOLTIP,"Weekly Resistance "+i);
ObjectSetInteger(0,obj1,OBJPROP_COLOR,RweekColor);
ObjectSetInteger(0,obj1,OBJPROP_WIDTH,weekWidth);
TextCreate(0,obj1+"_L",0,Time[ChartGetInteger(0,CHART_VISIBLE_BARS)-1],wr[i],"W1 Sup "+i,"Arial",10,RweekColor);


Best Regards,
Khalil
No guts, no glory
  • #127
  • Apr 6, 2017 4:35am Apr 6, 2017 4:35am
Quoting FireFries
Day 2 of testing this method. Place 3 limit orders. One to TP and one did not reach Entry but hit Target (Out) and last still waiting 0.5% risk 1.5% gain {image} {image}
Glad to hear that FireFries....

Good Luck...
  • #128
  • Apr 6, 2017 4:39am Apr 6, 2017 4:39am
Quoting abokwaik
{quote} That was a typo error. {quote} Thank you for starting such a thread, I appreciate your efforts. As for the weekly labels, and since you have a special version of the indicator, you can modify the last line to reflect correct weekly labels, just change "W1 Sup " to "W1 Res ": //-- Weekly Resistance --------------------------------------------- obj1=prefix+"WR_"+i; ObjectCreate(0,obj1,OBJ_HLINE,0,Time[0],wr); ObjectSetString(0,obj1,OBJPROP_TOOLTIP,"Weekly Resistance "+i); ObjectSetInteger(0,obj1,OBJPROP_COLOR,RweekColor); ObjectSetInteger(0,obj1,OBJPROP_WIDTH,weekWidth);...
Hello Khalil,

Thank you for visiting. My efforts was just modding, doesn't even compare with the efforts you put in...
Also thank you for the piece of the code for correction..

Good luck...
  • #129
  • Apr 6, 2017 7:12am Apr 6, 2017 7:12am
GoldTheHun,

How do you handle news?
  • #130
  • Apr 6, 2017 7:18am Apr 6, 2017 7:18am
Quoting Traffex
GoldTheHun, How do you handle news?
Even during the news these levels are respected. But if you are in profit and news time comes you can liquidate your position. Even the spikes usually will end at these levels. You have to watch and see for for yourself for few days..

Good Luck....
  • #131
  • Apr 6, 2017 7:20am Apr 6, 2017 7:20am
Quoting GoldTheHun
{quote} Even during the news these levels are respected. But if you are in profit and news time comes you can liquidate your position. Even the spikes usually will end at these levels. You have to watch and see for for yourself for few days.. Good Luck....
Many thanks for all
  • #132
  • Apr 6, 2017 9:38am Apr 6, 2017 9:38am
GBPJPY still in progress:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 53 KB
  • #133
  • Apr 6, 2017 9:52am Apr 6, 2017 9:52am
Quoting kfarawi
GBPJPY still in progress: {image}

Nice one.. Little to go, but protect some of the profit by moving SL, just incase....

Thanks for posting it. Good Luck...
  • #134
  • Apr 6, 2017 9:59am Apr 6, 2017 9:59am
Quoting kfarawi
GBPJPY still in progress: {image}
What you have posted is a perfect example. Price hesitates and hesitates on the 23 level.... You feel that it resists to go down anymore and you enter.

I couldn't have presented a better example..

Thanks once again kfarawi...

Good Luck...
  • #135
  • Apr 6, 2017 10:05am Apr 6, 2017 10:05am
Quoting GoldTheHun
{quote} What you have posted is a perfect example. Price hesitates and hesitates on the 23 level.... You feel that it resists to go down anymore and you enter. I couldn't have presented a better example.. Thanks once again kfarawi... Good Luck...
thank YOU !!! I'm still demo trading though.
  • #136
  • Apr 6, 2017 10:08am Apr 6, 2017 10:08am
Quoting kfarawi
{quote} thank YOU !!! I'm still demo trading though.
No problem in demo trading. Until one gets proficient in a method, they should demo trade a long time first..

Congrats...
  • #137
  • Apr 6, 2017 10:22am Apr 6, 2017 10:22am
Guys great system. , i think we should start putting pending order screen shot so other can take benefit
  • #138
  • Apr 6, 2017 10:37am Apr 6, 2017 10:37am
Quoting imran.78p
Guys great system. , i think we should start putting pending order screen shot so other can take benefit
Thanks for your input imran,
Pending order might not be such a good idea. Before entering a trade one should see that the 23 or the 78 level is holding up. If you have a lot of speed on the price shooting up, it is better to wait and see how it is going to behave.

Good Luck...
  • #139
  • Apr 6, 2017 10:40am Apr 6, 2017 10:40am
Hi GoldtheHun

How is it possible that I have different values for D1 sup0 and D1 res0?

I was checking the example posted by kfarawy when I realised that no price was around 23% today in (my) GBPJPY today.

I followed the rules for installing the indi, and read all posts but.... By, the way I did not modify anything apart from colors in W1 as you recommended in one of the first posts.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot7.png Size: 20 KB

Same when verifying Firefries EURJPY

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot6.png Size: 15 KB


Any suggestion please?

Thx in advance
  • #140
  • Apr 6, 2017 10:55am Apr 6, 2017 10:55am
profit hit to the pip...unbelievable...there's something really valuable in this strategy...will do 20 trades and see the results...it's all about stats right ? anyway...thank you The Hun for sharing.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 53 KB
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