A Simple 2 Bar System

Trading Discussion
42

Hi dubadat, its the open price of the last blue bar before 12am.

43

Thanks vm. appreciate your quick reply

Good luck

DD

44

You’re welcome dubadat! Thanks!

45

Hi BankDaPips,

I have implemented Type 1 only (now checking if entries and exits are right). Yes, they will be independently testable.

Regarding the following formula:
If range of ENTRY PRICE BAR(EPB) =<30, LIMIT = (EPB High - 3.65EPB Range) +18pips
If range of ENTRY PRICE BAR(EPB) >30 and =<50, LIMIT = (EPB High - 2.43EPB Range) +18pips
If range of ENTRY PRICE BAR(EPB) >50, LIMIT = (EPB High - 2.3*EPB Range) +18pips

My interpretation is that you actually meant (for sell):
If range of ENTRY PRICE BAR(EPB) =<30, LIMIT = EPB High - (3.65EPB Range +18pips)
If range of ENTRY PRICE BAR(EPB) >30 and =<50, LIMIT = EPB High - (2.43EPB Range +18pips)
If range of ENTRY PRICE BAR(EPB) >50, LIMIT = EPB High - (2.3*EPB Range +18pips)

And for buy:
If range of ENTRY PRICE BAR(EPB) =<30, LIMIT = EPB Low + (3.65EPB Range +18pips)
If range of ENTRY PRICE BAR(EPB) >30 and =<50, LIMIT = EPB Low + (2.43EPB Range +18pips)
If range of ENTRY PRICE BAR(EPB) >50, LIMIT = EPB Low + (2.3*EPB Range +18pips)

Please correct me if I am wrong.

46

EURJPY type 2 short.

2bar9.jpg700×327 22.1 KB

47

Hi amiscell. I am reducing the limit by 18 pips after calculating the limit price. I think your calc will increase it??

48

NZDJPY type 2 short.

2bar10.jpg700×327 21.1 KB

49

By “limit” do you mean “take profit price”?

50

Correct amiscell.

51

Trades closed at entry.

52

AUDJPY type 2 short.

2bar11.jpg700×327 22.5 KB

53

Hi BankDaPips,

I have written the Type1 automation in cAlgo, but I can’t quite tell if it’s doing what it’s supposed to do. I will send you the code and you can check and let me know. I’ll then fix any issues. Do you have an email I can post it to?

54

Great amiscell! I eagerly awaited this…I will PM you if you accept PMs.

55

Hi amiscell, I responded to your friend request but not sure where to go from there. Please send it to my email

56

I sent it. Let me know how it goes.

57

Just received it. Thanks a lot amiscell. Will do.

58

Sent you some emails amiscell.

59

Seems like good progress being made on this. Great job amiscell!

60

Yeah, I am on GBP/JPY short. Looks like Yen pairs heading down again.

61

Good Morning

Trying so see whether we can get an indicator/ea/robot for this system. Lots of work has already been done, many thanks to amiscell. Work is still in progress.

Meanwhile I have this type 1 short order on audjpy sitting tight since yesterday. Hope we will be filled for green pips.