Nice one, you know what im thinking if we can perfect Strategy 2 and it works like we think, we might be able to create a decent EA out of it.
Perhaps even combining strategy 1 and 2 so they confirm each other. But this is a long term theory.
Nice one, you know what im thinking if we can perfect Strategy 2 and it works like we think, we might be able to create a decent EA out of it.
Perhaps even combining strategy 1 and 2 so they confirm each other. But this is a long term theory.
Hi guys, got something interesting to show you.
Now when i added the Heiken Ashi2 indicator which just turns the candles into buys and sells look what we get.
What is interesting is remember where we got those fakeouts, well look back at your chart after you use this template, your see the blue buy candles only break the upper part of the Bollinger Band and red sell only break the bottom.
Maybe this will help to eliminate fakeouts if fakeouts continue to happen with using non-lag ma.
This might be something interesting also. It might be useful to trade using a template like this, just so it is very naked. The Heiken Ashi2 might provide an additional indicator if the non-lag ma is not good enough.
This is the MT4 template and indicators i have used to get the above:
Blizard - Strategy 2 - Experiment3.zip (53.2 KB)
Not sure if this is worth anything at the moment, just thought i would post this and see what you guys think ?
I think youre correct, looking back the no lag has many fakouts. Ill add the ashi and so see if it looks any better.
thanks
After much contemplation over the weekend, I truly believe that using just fib pull backs to the 61-76% level with the bands for visual confirmation is the key. You cannot get a lower risk to higher reward setup. No waiting for candles to close. As soon as the price hits the 61-76% level pullback you enter the trade. Your SL is the high price of the candle so it cannot get any tighter. This with breakouts it the system ill be focusing on going forward. Here are the 2 setups on the 1 hour chart chart over the past 2 days. Both perfect, extremely low SL and accurate down to the pip. Since its the 1 hour chart, you can place your order way ahead of time
thanks
Here are 5 min setups over the past 1-2 days. This is the only way to have great accuracy without any LAG whatsoever, You are selling at the best possible time.
thanks
Great find will be watching this and our other tests tomorrow
Dear Blizard and Sandybeach,
First I would like to say how impressed I’m with you your expertise and hard work. I would like to give you some critical feedback from someone who has spent considerable time with indicators. The name of this blog is “simple and almost naked”. In my opinion there are too many indicators being considered. I’m totally guilty of doing just that, however I think adding indicators to avoid fake outs etc is a dead end. Adding indicators usually is the beginning of the end in the implementation of a strategy. Staying more with the price action concept is best to me. I really enjoy this thread and will continue to follow.
Thanks,
GJ
Think of it this way, how many a
I totally Agree, No More Indis for me, Trendline breaks and fib pull backs seem to work best.
thanks Greg
Blizard, thanks,
Question, I’m still trying to figure out how to use the fib pull backs, any suggestions??
Thanks,
Greg
Blizard,
Ah, ha…
That video did help, thanks.
GJ
No Problem sir.
hey blizard, r you willing to share the fib pullback rules with us, coz now seem a bit confusing. The OTE video applies it on S/R level and on 1H, but here you’re using it on M5 TF and m not sure if u use it on SR levels. Thanks!
Halo [B]SandyBeach[/B],
I have try on both new and old strategy. Found it effective. However, I am extremely hopeless in terms of closing trades. Turn out that I waited too long and lose the trade. Any step-by-step guidance in closing trades for old and new strategy? Thanks in advance
First trade of the day = + 8 pips
ZZ out of BB, wait for Osma and NonLagMa.
Little TakeProfit, much better can possible…
(Sorry for my bad engilsh)
Hello All,
it’s incredible but this system seems really working greatly!
Until now I have made only demo trading and I’ve already gained 20 pips in just a couple of hours.
Now I need to try it on real account. Let’s cross all the fingers because everytime I try a system for real it goes bad!!!
Thanks Blizard will check this out later
~Thanks for the update, i will be interesting to see how you get on like this
Im not to good at the exit which is why i take a very low profit, and why i am still demo trading, Blizard can you advise?