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Mr. Pip,
Let me know how I can help testing and improving this. For those who said that we are trying to pick tops and bottoms, well I agree that it is next to impossible to do...but BigBear and Forex11 have managed to do it, so much respect to them...it is hard to piss against the wind No offence intended, just a friendly joke Me personally, I am just trying to enter when a reversal is confirmed. I look for conjestion areas around major support/resistance, draw the hi/lo of the range and set my pending orders 2 pips above/below, works like magic on the high volatility pairs....
Rob,
here is the link of the page where I posted my idea for filters, but as I said DXTrade's idea is better, it is a page or two back. Let me know what indicators you need and I will post them. I have not posted a template. Follow The Bouncing Pip
Damn it, will this downtrend stall so that I can exit and go to bed, close to 200 pips so far....targeting 231.74...
I know catching the absolute tops and bottoms are impossible, that is why I wait until at least one candle after the signal candle to get in. I know I will miss some pips but I have a better success rate on my trades
Hi everybody.
Busy while I'm sleeping?
Thats why we need an EA as I just missed the outcome of this trade, stupid lazy me . So I missed 200-300 pips. OK...there will be another trade tomorrow!
Here is what happened:
I (or the EA) would have entered at the open of the candle after the first dot (234.15 on FXDD) as all requirements where met with the QQE crossed as well.
For the exit we need someone else to work on this . If I use the nonlagdot as well I would still be in the trade with around +200 floating.
So a nice little trade with 11 fake arrows and NO LOSS (Igor, still reading this thread? )
Hi everybody.
Busy while I'm sleeping?
Thats why we need an EA as I just missed the outcome of this trade, stupid lazy me . So I missed 200-300 pips. OK...there will be another trade tomorrow!
Here is what happened:
I (or the EA) would have entered at the open of the candle after the first dot (234.15 on FXDD) as all requirements where met with the QQE crossed as well.
For the exit we need someone else to work on this . If I use the nonlagdot as well I would still be in the trade with around +200 floating.
So a nice little trade with 11 fake arrows and NO LOSS (Igor, still reading this thread? )
Hope that helped!
Yes I'am my friend...
So you see that my posting about the 49 false trades (wich some said it was a hostely one) was a productive one.
If I would have posted a small little posting wich would have said : guys be carefull because one could have now and then some false trades....I don't think that a lott of people would have bothered to listen not to say would not have taken any action to solve the problem.
But be carefull again all moves will not be in such a flewent way as it happend today. But it is already a BIG improvement.
Glad to have contributed a little bit
regards...iGoR
__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR) MT Intelligence - Stats for fxigor1
If you want to learn a little more about nonlagdot read Isakas thread, the last 1/3 of it uses the dot a lot and that system has changed to using the dot.
agian the dot is toward the end of the thread, the whole thread is great though.
I really think this can help us that are finding it difficult to make trades close to how bigbear and forex11 are doing it. We just need a little help.
I venture to gues that if I was trading like they are I would not change.
No worries mate. I have been reading the whole Isaka thread already and trading it successfully since some weeks. For the BigBear exits the will be some genius around finding a solution, no worries
Yes I'am my friend...
So you see that my posting about the 49 false trades (wich some said it was a hostely one) was a productive one.
If I would have posted a small little posting wich would have said : guys be carefull because one could have now and then some false trades....I don't think that a lott of people would have bothered to listen not to say would not have taken any action to solve the problem.
But be carefull again all moves will not be in such a flewent way as it happend today. But it is already a BIG improvement.
Glad to have contributed a little bit
regards...iGoR
You are right...that was a setup and trade like in the books. Will not be like this all the time. I just was lucky to start this demonstration at the right moment Anyway... when you posted here the first time we knew already that there will be heaps of fake arrows. It's written in post#1!
You are right...that was a setup and trade like in the books. Will not be like this all the time. I just was lucky to start this demonstration at the right moment Anyway... when you posted here the first time we knew already that there will be heaps of fake arrows. It's written in post#1!
And I was already looking for a filter solution before your post with 49 false signals beginning with CCI and someone else mentioned Stochastics.
I was also considering LSMA, HullMoving Average and nonLagMA as well.
The EA is still backtesting with 9 more hours to go.
There are already 9 settings that show profit in the range of $19000 on 85 or more trades and one with profit of $14000 with only 8% drawdown on 27 trades. Most have drawdown between 20 and 40%. This is mostly because of using stoploss of the high of the candle before entry plus 30 pips. That caused at least one very large loss.
Once this backtest is finished I will be trying the different exit methods, including CCI value at arrow, nonlagdot, LSMA, HMA and EMA cross.
One thing I did forget was to start the wait at 1. So these results started at 2. That seems to work best so far. Waiting longer causes more late entries to be taken sometimes with more profit but also greater drawdown.
I wait
No offence intended, just a friendly joke
Me personally, I am just trying to enter when a reversal is confirmed. I look for conjestion areas around major support/resistance, draw the hi/lo of the range and set my pending orders 2 pips above/below, works like magic on the high volatility pairs....
Linear Mode
