Probably because the programmer was unable to describe his egy well enough to teach people how to exchange it.Originally Posted by ;
If you know it well enough to trade, then please clarify it and we could get back to analyzing it.
Probably because the programmer was unable to describe his egy well enough to teach people how to exchange it.Originally Posted by ;
If you know it well enough to trade, then please clarify it and we could get back to analyzing it.
Okay I just did a quick backtest with all pairs. If we simply place buy/stop and sell/stop orders in the last fractal, and depart at the end of the pub that strikes the order, we are very profitable with low drawdown. We do not need a stop loss because we depart at the end of the bar. Time is our stop loss.
Test it out, see what you think.
So if price breaks last 5bar UPfractal we open long pos and close at the end of the bar no metter if we're in profit or in loss?
Can you examine manualy? What TF?
It is too simple to be authentic
Originally Posted by ;
Just enter buy/stop orders at the past fractal up (if market has not already gone above fractal) and sell/stop orders at last fractal down, and shut at the end of day. Daily candles.
Manually take a look and you'll see that the majority are winners and losers are cut short due to time stop loss (final at end of day).
I've entered buy/stops and sell/stops at last fractal on all pairs now, and I shall simply monitor at close of day to find out whether some have triggered and need to be shut, or when I need to move the orders due to a new fractal appearing.
Obviously demo that only until somebody can perform some definitive backtesting.
Originally Posted by ;
I coded quite similar system some time past, this is basically doing is using a fractal station where the station is always drawn from the last fractal (If I understood right ).
On my method that I used the station as a breakout procedure, this method closes commerce immediatly after the bar and trailed the order with reverse fractal.
This is quite an interesting approach although I suspect there'll be a number of pubs with extended wicks that take out this order then go to loss (due to stops waiting over each peak).
I'll try this technique and post the results later for many majors.
ps. For the individual who said overly straightforward, usually the simplest approaches work the best
Yes, you're exactly right. Looking at it visually, there aren't many bars with long wicks which take out this order and finish in loss.
Originally Posted by ;
Just for the record, What are you using as available and closing times for the market in EST (usa)?
Due
kevin
I found support and resistance indiors which will be visually valuable for backtesting and setting-up orders.
https://forexintuitive.com/attachmen...7710358076.ex4
https://forexintuitive.com/attachmen...9593898746.mq4
You could have 3 days in a row that might open above the most recent up fractal. Can you only trade the first day after it breaks down the fractal level, or do you trade all three?
I didn't use iFractals since I already had coded a fractal station indior that does the same thing as this procedure, I analyzed a much the same method but with different stop type a while ago. I'll place the indior ea source later when I am on computer where the stuff is.Originally Posted by ;
I basically used the station indior I had and every time when new fractal arrives = station top/bottom changes, I delete all outdated pending orders (long or shorts based on which one of the station sides varies ) and open new stops based on fractal.
Some code like position sizing is out of my inner code library so that it will not compile but you'll see the overall logic and if you remove the place sizing, it should get the job done.
Btw using iFractal is just as simple as watching channel changes, just check if there is a fractal at current 3 pubs at open. That basically means that you should add pending order in that level.
Edit: seems like post #19 is quite similar to that which I did except my station does not repaint = the station changes just after 2 pubs have closed after the peak.