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Trader Dale - daily trading levels

  • #7,001
  • Apr 20, 2017 2:52am Apr 20, 2017 2:52am
AU @ 0.7517 I was thinking I had just missed a long opportunity there when I evaluated myself before Dales post. It looks to be coming back down to retest that level. Might be worth keeping an eye on still?
Take 1 step forward, two small steps back
  • #7,002
  • Apr 20, 2017 4:32am Apr 20, 2017 4:32am
My plan, EU short 1.0792. TP 20 SL 12
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Follow the flow of water in a stream
  • #7,003
  • Apr 20, 2017 8:36am Apr 20, 2017 8:36am
Hello Fellow Traders,
I have a general question about EA testing. Does anyone know how the selection "spread" on the MT4 strategy tester affect the results. I am getting very different outcomes when I select "current spread" versus "2".
  • #7,004
  • Apr 20, 2017 9:36am Apr 20, 2017 9:36am
Quoting shimmering
Hello Fellow Traders, I have a general question about EA testing. Does anyone know how the selection "spread" on the MT4 strategy tester affect the results. I am getting very different outcomes when I select "current spread" versus "2".


if Yr strategy have more than 10....20 pips avg win then put 1.4 avg spread in points that yr broker promises to keep.

If not , forget testing.
Maybe buy tickstory and play with your broker data [u need to gather it by yrself] and test
or use Dukas data...
  • #7,005
  • Apr 20, 2017 9:42am Apr 20, 2017 9:42am
I have another question - does anyone know of an indicator/alert to alert an engulfing candle?
  • #7,006
  • Apr 20, 2017 9:43am Apr 20, 2017 9:43am
Quoting januszo
{quote} if Yr strategy have more than 10....20 pips avg win then put 1.4 avg spread in points that yr broker promises to keep. If not , forget testing. Maybe buy tickstory and play with your broker data [u need to gather it by yrself] and test or use Dukas data...
Thank you. On the MT$ tester one cannot select 1.4 pips. My spread on the pair is, say, 0.5 pips. When I have the "current" spread selection the outcome is much poorer than when I have the spread on 2 in the tester.

What is Dukas data and how do I get it or use it?
  • #7,007
  • Apr 20, 2017 10:01am Apr 20, 2017 10:01am
https://tickstory.com/
  • #7,008
  • Apr 20, 2017 10:03am Apr 20, 2017 10:03am
Quoting shimmering
{quote} Thank you. On the MT$ tester one cannot select 1.4 pips. My spread on the pair is, say, 0.5 pips. When I have the "current" spread selection the outcome is much poorer than when I have the spread on 2 in the tester. What is Dukas data and how do I get it or use it?
To get 1.5 pip spread just put 15 .
  • #7,009
  • Edited 11:39am Apr 20, 2017 10:06am | Edited 11:39am
Quoting januszo
{quote} To get 1.5 pip spread just put 15 .
I see. So the spread in the strategy tester is in points and not in pips. So should I put in approximately what the spread is on that pair on my platform, instead of putting in "current"?
  • #7,010
  • Apr 20, 2017 10:28am Apr 20, 2017 10:28am
Quoting shimmering
Hello Fellow Traders, I have a general question about EA testing. Does anyone know how the selection "spread" on the MT4 strategy tester affect the results. I am getting very different outcomes when I select "current spread" versus "2".
Spread of 2 = 0.2 pips

use at least 20 for testing
So many in the Commercial section want to make me rich! :o
  • #7,011
  • Apr 20, 2017 2:26pm Apr 20, 2017 2:26pm
Hi, Was the level 1,0687 based just on the strong pullback and then short,buying activity on 18th or something else as well? Thanks.
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  • #7,012
  • Apr 20, 2017 4:32pm Apr 20, 2017 4:32pm
Quoting shimmering
{quote} I see. So the spread in the strategy tester is in points and not in pips. So should I put in approximately what the spread is on that pair on my platform, instead of putting in "current"?
There is no history data for spread. This means when back testing it is a static number and will not factor in spread fluctuations.
  • #7,013
  • Apr 21, 2017 2:29am Apr 21, 2017 2:29am
Quoting azm
Hi, Was the level 1,0687 based just on the strong pullback and then short,buying activity on 18th or something else as well? Thanks. {image}
Dale uses the futures market when determining his levels, so is able to see "inside" the candles & volume we see on the spot forex market. Having seen a strong movement away from the lower congestion/accumulation zone price as you note pulls back. It actually made a small consolidation for around 3 hours below 1.0700 and then made a second surge forward. Dale will have been able to see the numbers of contracts exchanged in that area and the point at which aggressive buyers once again took control. He will have taken the view that 1.0687 was the point that the aggressive buyers became most active from the order flow information.
  • #7,014
  • Apr 21, 2017 3:11am Apr 21, 2017 3:11am
Anyone wishing to see the levels for today, they are on Dale's website.
Take 1 step forward, two small steps back
  • #7,015
  • Apr 21, 2017 3:28am Apr 21, 2017 3:28am
I know this is stating "the bleedin obvious" but whatever you do by the end of the day do make sure you have no pending or open orders on anything which might be affected by the euro, the first round of the french election is due out on Sunday pm, and depending on which 2 get through to the next round we could see a huge move on the euro. Any pending orders or orders associated with EA's could get slipped by a massive amount.

It might turn out to be a big nothing, in which case it doesn't matter much, but if not the accounts could get seriously damaged.
  • #7,016
  • Apr 21, 2017 3:53am Apr 21, 2017 3:53am
Quoting ziggy
{quote} Dale uses the futures market when determining his levels, so is able to see "inside" the candles & volume we see on the spot forex market. Having seen a strong movement away from the lower congestion/accumulation zone price as you note pulls back. It actually made a small consolidation for around 3 hours below 1.0700 and then made a second surge forward. Dale will have been able to see the numbers of contracts exchanged in that area and the point at which aggressive buyers once again took control. He will have taken the view that 1.0687...
Thanks Ziggy! I was thinking it might be related to the OF insight which I currently do not have. I guess I can see larger volume in that value area/structure and POC is little bit above the entry point(3 min graph). Not sure this is very good argument in this case through.
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  • #7,017
  • Apr 21, 2017 5:42am Apr 21, 2017 5:42am
eurusd low was 1.06877 in my terminal..... now already 1.06964.

I'm afraid we need to take 1.0687 as already tested

anybody how is in....?
You can manage risk, but you can't manage the return
  • #7,018
  • Apr 21, 2017 5:48am Apr 21, 2017 5:48am
EURUSD 1.0687 missed by 0.7 pips, made a 10 pips move up
  • #7,019
  • Apr 21, 2017 6:02am Apr 21, 2017 6:02am
EU +12, thanks Dale
Every dog has his day
  • #7,020
  • Apr 21, 2017 8:21am Apr 21, 2017 8:21am
took a bit of time, but +20 EU thanks Dale
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