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Genuine 5m 4R/R system

  • #1,441
  • Jan 27, 2016 1:55pm Jan 27, 2016 1:55pm
Hi,

this is my first post on the forum. Please forgive me in case I say something inappropriate.

This strategy sounds interesting, based on the comments on this thread. Therefore, my question is: why not to code the strategy into an EA? The strategy is easy and mechanical enough.

Could it be feasible or am I missing something?

Thank you!
  • #1,442
  • Jan 28, 2016 3:00am Jan 28, 2016 3:00am
Quoting parsifino
Hi, this is my first post on the forum. Please forgive me in case I say something inappropriate. This strategy sounds interesting, based on the comments on this thread. Therefore, my question is: why not to code the strategy into an EA? The strategy is easy and mechanical enough. Could it be feasible or am I missing something? Thank you!
If you can give me code to detect this pattern, I will even pay you for it.
  • #1,443
  • Jan 28, 2016 3:17am Jan 28, 2016 3:17am
Hi,

sorry, but I am a newbie here

I am a decent programmer and I am studying mql4 right now. As a newbie, I see no reason why mql4 shouldn't be powerful enough to detect such pattern. But maybe I don't know enough about mql4 right now.

Do you mean that it is a difficult pattern to detect programmatically?

In case I will do that, I will be happy to share!

Thanks
  • #1,444
  • Jan 28, 2016 5:53am Jan 28, 2016 5:53am
Quoting parsifino
Hi, sorry, but I am a newbie here I am a decent programmer and I am studying mql4 right now. As a newbie, I see no reason why mql4 shouldn't be powerful enough to detect such pattern. But maybe I don't know enough about mql4 right now. Do you mean that it is a difficult pattern to detect programmatically? In case I will do that, I will be happy to share! Thanks
Yeah, pattern recognition is not that easy.

I mean of course it can be done, since we can detect patterns in photographs. And I do not see a problem in mql, since you have data access and you have math functions, so that is doable.

I never had the time and motivation to do it, so if you are volunteering, that's great
  • #1,445
  • Jan 28, 2016 8:42am Jan 28, 2016 8:42am
I like small and pointy Triangle like in the pic
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 33 KB

if you zoom to M1 the edge is really small
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 18 KB


just my personal preference
In the end its just a stupid numbers game
  • #1,446
  • Jan 28, 2016 5:10pm Jan 28, 2016 5:10pm
Quoting danzka
I like small and pointy Triangle like in the pic {image} if you zoom to M1 the edge is really small {image} just my personal preference
Nice!
  • #1,447
  • Edited 6:33pm Jan 28, 2016 5:48pm | Edited 6:33pm
AUD/JPY Long
Update: +12 and going, TP 25 set, Closed +8p
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUD JPY long.jpg Size: 197 KB
Click to Enlarge Name: AUD JPY Update.jpg Size: 224 KB
Click to Enlarge Name: AUD JPY close.jpg Size: 181 KB
  • #1,448
  • Jan 28, 2016 6:45pm Jan 28, 2016 6:45pm
GBP/USD potential setup. I will probably be asleep before this one moves but hopefully one of you guys will profit from it!
Attached Image (click to enlarge)
Click to Enlarge Name: GBP USD set up.jpg Size: 178 KB
  • #1,449
  • Jan 31, 2016 8:00pm Jan 31, 2016 8:00pm
USD/CAD potential Long setup
Attached Image (click to enlarge)
Click to Enlarge Name: usd cad long.jpg Size: 277 KB
  • #1,450
  • Feb 8, 2016 8:35am Feb 8, 2016 8:35am
Hi
I came across this thread while researching triangles

As I have just found the thread and only read the PDF once can someone check this setup and verify? the longer trend is down as shown by the trendline and the points match up exactly
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHFM5.png Size: 79 KB
  • #1,451
  • Feb 8, 2016 8:41am Feb 8, 2016 8:41am
Looks good
  • #1,452
  • Feb 8, 2016 8:43am Feb 8, 2016 8:43am
Quoting Amanfx
Looks good
Thanks,it just broke through so will see how it pans out
  • #1,453
  • Jun 12, 2016 8:12am Jun 12, 2016 8:12am
What made people lose interest?
The concept seems solid.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,454
  • Jun 12, 2016 8:46pm Jun 12, 2016 8:46pm
Quoting TooSlow
What made people lose interest? The concept seems solid.
I don't think people lost interest, but moved to a skype group. Read the thread I think the link is in there some where.
Cheers
  • #1,455
  • Jun 12, 2016 9:01pm Jun 12, 2016 9:01pm
Quoting coastie
{quote} I don't think people lost interest, but moved to a skype group. Read the thread I think the link is in there some where. Cheers
OK.
Thank you.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,456
  • Jun 22, 2016 2:27am Jun 22, 2016 2:27am
First attempt using this..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB
  • #1,457
  • Sep 7, 2016 10:56am Sep 7, 2016 10:56am
Rifid,

I have to admit that you're someone who has my respect, you start a thread and gain a following and under no circumstances you hint at or try and get a paid following. I like the price action behind the method you trade.

All the best,
  • #1,458
  • Sep 13, 2016 8:14am Sep 13, 2016 8:14am
How's this
Attached Image (click to enlarge)
Click to Enlarge Name: EJ5Min.png Size: 51 KB
  • #1,459
  • May 30, 2017 7:07am May 30, 2017 7:07am
Amazing Thread . Thank you.
Hope it regains its activity.

Here is a Trade from today.

It did go for a 1:3 but just managed to take me out 1st.

Attached is the M5 and M1 View.
Would you have taken this setup?

Attached Image (click to enlarge)
Click to Enlarge Name: GBP USD M5 P2P.png Size: 43 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBP USD M1 P2P.png Size: 58 KB
  • #1,460
  • May 30, 2017 7:09am May 30, 2017 7:09am
Setup is good....
I saw this and skipped... overall the market is too slow
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