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Range bar cloud scalping method

  • #41
  • Apr 13, 2017 1:37am Apr 13, 2017 1:37am
already done for the day. got up a few minuets late and missed my first trade but the second was a win also so happy days. was naughty again though and took 3 positions and scalped 1.7 pips off each
  • #42
  • Apr 13, 2017 1:39am Apr 13, 2017 1:39am
Can you post Pictures?please

P.s im also done for the day 5,5 Points in my book
Everyday better.
  • #43
  • Apr 13, 2017 1:41am Apr 13, 2017 1:41am
Quoting arlucad
Can you post Pictures?please P.s im also done for the day 5,5 Points in my book
Nice one!!!! give me a sec and I will
  • #44
  • Apr 13, 2017 1:52am Apr 13, 2017 1:52am
Attached Image (click to enlarge)
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  • #45
  • Apr 13, 2017 2:09am Apr 13, 2017 2:09am
yea today could be easier for you but an good trade Nevertheless^^
Everyday better.
  • #46
  • Apr 13, 2017 2:55am Apr 13, 2017 2:55am
Quoting arlucad
yea i would use range bars their a lot smoother and more accurate.
just for comparison here is this mornings open firstly with 300 range bars and heiken ashi
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (75).png Size: 58 KB


then with 150 mean renko
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (74).png Size: 57 KB


Both very similar... Mean Renko looks a little easier to trade and filtered out a couple of bad trades. its well worth doing some more comparisons
  • #47
  • Apr 13, 2017 3:06am Apr 13, 2017 3:06am
Quoting fishbo81
{quote} looks like your range bars are set to big. with my broker 3 pips =300 try setting it to 30
Please excuse the bad English via Google Translate.
  • #48
  • Apr 13, 2017 7:19am Apr 13, 2017 7:19am
I have tradet now the whole time to get a feeling for the strategy and i think that the best entry is.

Because when we enter before this point the price moves often more in the pullack direction and at this point it goes 5 to 10 points as an impulse in our favor.

What do you think?
Attached Image
Everyday better.
  • #49
  • Apr 13, 2017 2:04pm Apr 13, 2017 2:04pm
Hello,

Many thanks for sharing your method. Do you use any leverage when making trades and have you considered applying it to other instruments?
  • #50
  • Apr 13, 2017 3:33pm Apr 13, 2017 3:33pm
Quoting arlucad
I have tradet now the whole time to get a feeling for the strategy and i think that the best entry is. Because when we enter before this point the price moves often more in the pullack direction and at this point it goes 5 to 10 points as an impulse in our favor. What do you think? {image}
you are exactly right. if we take the market as moving from points 1,2,3 and 4, when price pulls back to point 3 and you take a trade between 3 and 2 price can bounce up and down for quite a while, make you doubt your decision and stress you out but once it breaks point 3 it usually carries a lot of momentum on to point 4.
the disadvantage is you are in the trade later and have less room to make your pips.
at the same time getting in to early might lead to a double top/bottom or may be the start of a trend change.
what we need to figure out is what is statistically the better entry point.
Attached Image

Attached Image (click to enlarge)
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  • #51
  • Apr 13, 2017 3:40pm Apr 13, 2017 3:40pm
Quoting ghostman10
Hello, Many thanks for sharing your method. Do you use any leverage when making trades and have you considered applying it to other instruments?
Hi ghostman. I'm using quite high leverage. 1 pip is 1% of my account. max risk 6 pips per trade. I'm pretty sure it will work on anything with a low spread that has good movement. ive not tried it on anything else yet
  • #52
  • Apr 13, 2017 3:40pm Apr 13, 2017 3:40pm
Jea thats right! Thanks for the long answer

The only Problem is that we cant backtest the heikin ashi.

Time will tell which entry is better and if we have to adjust stop or target

But if we get our 5% a Day would be very nice
Everyday better.
  • #53
  • Apr 13, 2017 4:09pm Apr 13, 2017 4:09pm
Quoting fishbo81
{quote} Hi ghostman. I'm using quite high leverage. 1 pip is 1% of my account. max risk 6 pips per trade. I'm pretty sure it will work on anything with a low spread that has good movement. ive not tried it on anything else yet
Thanks for getting back at me. How big exactly leverage do you use if i may ask?
  • #54
  • Apr 13, 2017 4:19pm Apr 13, 2017 4:19pm
Quoting ghostman10
{quote} Thanks for getting back at me. How big exactly leverage do you use if i may ask?
the leverage on my account is 500/1
  • #55
  • Apr 13, 2017 4:26pm Apr 13, 2017 4:26pm
Quoting arlucad
Jea thats right! Thanks for the long answer The only Problem is that we cant backtest the heikin ashi. Time will tell which entry is better and if we have to adjust stop or target But if we get our 5% a Day would be very nice
I'm no programmer but I may be able to right an ea based on the entry rules if I swap the range bars and heikin ashi for mean renko. may or may not be useful.
I dont mean to trade but to get statistics
  • #56
  • Apr 14, 2017 4:25am Apr 14, 2017 4:25am
An ea can help but if you dont find a good Programmer its Hard to believe the results

Jea mean renko could be useful. The nice thing with trading only one Asset or two we can easy test and do an deep analytic. Volume can help also i think.
And we can look At the euro stoxx 50 its a bit slower than the dax and dont habe so a big slippage.

I will test some things and post the results here

Take care and nice pips
Troparzum
Everyday better.
  • #57
  • Edited 5:04pm Apr 14, 2017 3:59pm | Edited 5:04pm
Have you tried divergence with macd or something?

I will test market profile.
Divergence
Open Range
A time chart for Support Resistance
Different Entrys.
Different Stop and Risk/Reward.

In backtest with the entry at the break of the pullback level i get about 70% but i think we can get a better Risk/Reward. Most of the Time the price runs about
10-20 Points. Well than we dont need to win every day.
Everyday better.
  • #58
  • Apr 14, 2017 4:12pm Apr 14, 2017 4:12pm
Quoting arlucad
Have you tried divergence with macd or something?
At the moment I'm trying to right an ea to see how accurate it is. I thought I had it programed right until I spotted it had missed some trades that would have been winners but also didn't take some trades that would have lost. like I said I am no programmer so I am working by trial and error. first I need it to take a trade after a pull back properly then adding the rules for the cloud will be easy
  • #59
  • Apr 14, 2017 4:31pm Apr 14, 2017 4:31pm
i wish you much luck with that. I cant programm in any ways

When u get this work, would be very nice!
Everyday better.
  • #60
  • Apr 15, 2017 1:51am Apr 15, 2017 1:51am
What I would strongly suggest here is to stick to author rules and do not populate this thread with another 1000 indicators and ideas. I am strong believer that key success in this game is SIMPLICITY, and do not fix something which isn't broken. Fishbo proving us with his demo account that strategy works so everyone should for now jump the wagon and test the same way to see if results will be similar. Then you can altered....
On the collision course with 90/90/90 rule
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