MT4 candle-by-candle manual backtesting 9 replies
Indicator for average candle size for up or down candle? 1 reply
How to make EA that send Open Price of Candle for every new candle 5 replies
Day's first H4 candle correlation to daily candle 14 replies
Correlation between first 4 hour candle and daily candle 1 reply
Disliked{quote} Hey Jay Came across your thread and I find this quite interesting so far. Thanks for posting this. I quickly read most of the posts on this thread. I have also subscribed. I have to say your girlfriend is very smart! I would like to add this which I am pretty sure it will be very helpful to you and many others. About the statement "If the account doubles in a day close all positions" This sounds very good in theory but with a lot of experience of trying many many things myself, for me this statement only bothers me. So IMHO if you think...Ignored
Disliked{quote} I appreciate the comment, I do, with the new strategies I really don't think that the account would double in a day anymore, unless extremely lucky. However, it sounds like your risk profile is a lot more conservative than mine which is fine. I have seen it happen multiple times the doubling and the wiping in the past, risk big, win or lose big. Thanks for subscribing, what lot size would you suggest? The prototypical 2%?Ignored
Disliked{quote} I really found this thread very interesting and seems like it can provide some edge. But I still have to do some detail study of what you have mentioned and also what Americanbulls.com services that they are offering. I am wondering how reliable is their data history they are providing for each pair and its performance based on their signals. Its quite interesting though. My risk management always depend on detail study of a system. I try to figure out what will be my max drawdown based on studying all possible scenarios. I then also try...Ignored
DislikedI just wondered about the following: 1) Do you trade every confirmed signal? 2) Is there ever a situation where you could have 2 opposite signals based on different patterns for the same pair?Ignored
Disliked{quote} I am sorry I didn't provide a direct answer to your simple question since I don't have a simple answer since the way you are trading this involved multiple trades being opened simultaneously. This means you may have 1 trade open at a certain point and you may also have 28 trades open at a certain point (if you are trading the 28 standards) If I were trading this I will just figure out what the max DD possible if I had trades open on all 28 pairs and I would set the Lotsize so that the max drawdown would never ever be more than 20% of my...Ignored
Disliked{quote} 1. In the past I have traded every signal provided by American bulls, they don't have all 28 pairs, a recent thought has led me to want to only trade signals that have shown profitable in the past. Which is how I will proceed in the future. 2. Nope, an opposite signal is the signal needed to close your current trade, you could just close it, or close it an open a new trade depending upon the strength of the signal.Ignored
DislikedI was not able to locate on Americanbulls.com where it shows all signals that were generated for each pair and their results so far. Is this something you are able to see only after registering with them?Ignored
Disliked{quote} Yep, unfortunately I did upload some zip files to this thread that contained that data for one moment in time though. Here is EURUSD from Friday 6/8/18 {image}Ignored
DislikedThanks for posting this. Any idea how do they generate the following signal performance? I mean is it based on taking every single signal that generated for that pair? Do you believe their reporting is reliable? IMO most signal services cook these reports to show positive ROI. {image}Ignored
Disliked{quote} {image} Sure, bear in mind that you do not place the stop-loss on the chart. This sentence explains the mechanics about when to close the trade if it goes beyond the stop-loss. Also, keep in mind that you are only making decisions once a day for 15 minutes a day. So let us examine the sentence in detail. The stop loss level is defined as the last low. -The lowest point reached in the formation of the bullish hammer. Following the BUY, - You have a valid buy trade working. if prices go down instead of going up, and close or make two consecutive...Ignored
DislikedNew orders from Sunday Evening. So the account doubled from its lowest point on Friday so the girlfriend rule was initiated. I closed all positions. That being done, I looked to see what new candlestick patterns were confirmed. I took two trades. A sell-on GBPJPY and a sell on EURJPY. GBPJPY formed a BEARISH DARK CLOUD COVER pattern which finally received a confirmation because the prices crossed below the confirmation level which was at 147.2000 Stop Loss: 148.1200 Sell Level: 147.2000 Entry Point: 146.786 EURJPY formed a BEARISH HARAMI pattern...Ignored