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Simplicity is the Ultimate Sophistication

  • #541
  • Edited Apr 17, 2017 10:04am Apr 16, 2017 11:04am | Edited Apr 17, 2017 10:04am
So from this quick pivot table analysis I can offer some refinements to the system:

For me as I trade EurJpy in PM session. A top level filter can also be added - No trades is broker bid/offer spread is > 1 pip.

Eurusd
As per original system. 10 pip TP, 15 pip SL (until further tests show a better SL strategy based on previous results)
Only set orders in relation to prices and the 24ema (as noted above)
No second trade
Only trade this pair in AM session, 0700 UK time H1 candle close
Only trade is ATR > 10 pip TP
Orders GTC for 3 hrs (so cancelled after 1000 UK time)

EurJpy
As above for entry/exit rules
As above for ema rules(but using a 48ema (24x2))
No second trade
Only trade this pair in the PM session, 1600 UK time candle close
Same ATR rule as above
Orders GTC for 3 hrs (so canx after 1900 UK time)

Let's keep the discourse going and see if we can refine for profitability
Attached Image
Trade less and become more profitable!
  • #542
  • Apr 17, 2017 2:40am Apr 17, 2017 2:40am
today trade
Buy stop @ 1.0620
TP at 1.0630
TP done
Attached Image (click to enlarge)
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done for today.
  • #543
  • Apr 17, 2017 3:50am Apr 17, 2017 3:50am
No trades for me today as UK Bank Holiday. Low vols.
Trade less and become more profitable!
  • #544
  • Apr 18, 2017 1:31am Apr 18, 2017 1:31am
Quoting Grimweasel
{quote} Indeed. Same hymn sheet and all that. Now we have to work out how to refine by using past results. It might be that we have to accept a 10pip SL instead of 15? Maybe a trailing 10 SL??
Good stuff Grimweasel,


Thank you for your insight. This is the key to refine this system. Basic rule is to cut looses quick. If we put SL 5 pip this will also cut winners. There will be need for extra indicator? Or?

Best,
  • #545
  • Apr 18, 2017 3:25am Apr 18, 2017 3:25am
Hi guys, quick and basic question,
Should I place the orders ( sell and buy the next x0 level ) just after the Frankfurt open or the London open ?

Cheers.
8Flow
  • #546
  • Apr 18, 2017 5:29am Apr 18, 2017 5:29am
EurUsd buy order canx unfilled this morning at 1000 UK time. (Buy only as 24ema was up and price was >ema)
Trade less and become more profitable!
  • #547
  • Apr 18, 2017 5:51am Apr 18, 2017 5:51am
Quoting Grimweasel
EurUsd buy order canx unfilled this morning at 1000 UK time. (Buy only as 24ema was up and price was >ema)
my buystop triggered @1.0660 now still in trade.
stop loss @1.0647.i dont see why we cannot trade this trade,i use 24 sma(smoothed)and i see its above the 24 ma.
  • #548
  • Apr 18, 2017 6:06am Apr 18, 2017 6:06am
take profit taken.@ 1.0670
green pips for today.
done for today.
  • #549
  • Apr 18, 2017 8:27am Apr 18, 2017 8:27am
Quoting 8Flow
Hi guys, quick and basic question, Should I place the orders ( sell and buy the next x0 level ) just after the Frankfurt open or the London open ? Cheers. 8Flow
1 hour before london open.
  • #550
  • Apr 18, 2017 3:32pm Apr 18, 2017 3:32pm
Quoting zentrader8
{quote} my buystop triggered @1.0660 now still in trade. stop loss @1.0647.i dont see why we cannot trade this trade,i use 24 sma(smoothed)and i see its above the 24 ma.
Nice one Zen! Personally, after reviewing charts, I see that nearly all of the winning trades happen within 3hrs of the signal candle close. I'll try this for a few weeks I forward testing and keep you posted.
Trade less and become more profitable!
  • #551
  • Apr 19, 2017 1:25am Apr 19, 2017 1:25am
my setting for this today.

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  • #552
  • Apr 19, 2017 4:43am Apr 19, 2017 4:43am
buy stop @ 1.0730
SL at 1.0717 hit.
  • #553
  • Apr 19, 2017 5:28pm Apr 19, 2017 5:28pm
Ok, so I have found a good source for EurUsd tick data needed for Amibroker and I have some code for the strategy, but I'm stuck now. Are there any Amibroker coders that we can share data/code with to backtest this strategy?
Trade less and become more profitable!
  • #554
  • Apr 20, 2017 2:08am Apr 20, 2017 2:08am
my setting for today.


Attached Image (click to enlarge)
Click to Enlarge Name: 6a7f2617f051d69ade8b419c185d6ddc[1].png Size: 108 KB



that it for today t/p

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  • #555
  • Apr 20, 2017 2:27am Apr 20, 2017 2:27am
Buy stop @ 1.0730
SL @ 1.0717
Tp @ 1.0740

Tp taken.
quick pips today,
green pips to everyone
Attached Image (click to enlarge)
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  • #556
  • Apr 20, 2017 2:29am Apr 20, 2017 2:29am
Quoting redfan
my setting for today. {image} that it for today t/p {image}
nice trade !
  • #557
  • Apr 20, 2017 2:30am Apr 20, 2017 2:30am
Quoting Grimweasel
Ok, so I have found a good source for EurUsd tick data needed for Amibroker and I have some code for the strategy, but I'm stuck now. Are there any Amibroker coders that we can share data/code with to backtest this strategy?

Great , hope we will find someone who can code this strategy.
  • #559
  • Apr 20, 2017 2:51am Apr 20, 2017 2:51am
Quoting zentrader8
{quote} nice trade !

Yes, it was a nice trade today,
keep it simple is the key. And Don't be greedy.
The only way we can be hit is when it goes up and then goes back down again straightaway, Or it goes down and go backup straightaway. If only there was some way we could guard against this.
I read somewhere that when the traders get in the office first thing in the morning they get rid of everything from yesterday, I think this is what causes the Spike.
  • #560
  • Apr 20, 2017 2:55am Apr 20, 2017 2:55am
Quoting zentrader8
Hidden


Yes, I'm I've been using tickmill for over a week now and I can highly recommend them on their demo account. I cannot speak for their real account because I have not open one yet.
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