I have been working on a trading concept for a while now on demo. I would like to post it at this point to share with what I have.
I have paper charted this on regular candle charts with and without wicks.
The charts without wicks do improve the results. The logic then turned to rangebars or P&F charts in which im currently charting on p&f. To my surprise it has been a big improvement on the results. Areas need to be worked on are, tp, emergency sl, and the possability to adding cc to the p&F chart, thus using the concept with the cc.
Here is my pic with an explanation. I want to keep the concept as simple as possible.
I use the last swing to determine my baseline. I then draw a 45 degree angle to the base line and we will call it the hot line. The hot line only gets slid up or down when a new high or low is made. Crossing the hotline reverses the trade. I color coded the lines as to keep the confusion down on which ones are for which trades. By using the last swings after activation of the revesal it automatically adjust the angle for the next segment of trades.
dojirock
A fresh start! Doji's Trading Journal
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dojirock
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20x2 boxes
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Last edited by dojirock on Thu Sep 06, 2012 8:29 pm, edited 2 times in total.
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
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dojirock
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ATTENTION CODERS
Im a rookie mt4 coder....cant code complex things...
Any of you guys that can code....looking at my chart...the red line, is there a inidcator that exist or that can be written to buy or sell when price hits that line, the line will be various angles, not horizontal. ?????
(see next pic)
any ideas..
dojirock
Im a rookie mt4 coder....cant code complex things...
Any of you guys that can code....looking at my chart...the red line, is there a inidcator that exist or that can be written to buy or sell when price hits that line, the line will be various angles, not horizontal. ?????
(see next pic)
any ideas..
dojirock
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
-
dojirock
- rank: 1000+ posts
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The red line will be from 10 to 80 degrees...
dojirock
dojirock
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It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
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dojirock
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I believe the futures account with GFT has this capability...any line you draw in any direction or angle, when price hits it, it will close or enter orders...
(it wasnt on a mt4 platform thought....coded in ctl)
dojirock
(it wasnt on a mt4 platform thought....coded in ctl)
dojirock
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
-
dojirock
- rank: 1000+ posts
- Posts: 1709
- Joined: Tue Nov 17, 2009 10:11 pm
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Dont ask.....
what was I thinking?
Just plain messed up......gonna try to get out at breakeven...
dojirock
(cant just post all winners.... lol)
what was I thinking?
Just plain messed up......gonna try to get out at breakeven...
dojirock
(cant just post all winners.... lol)
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It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
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Tony Montana
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Tony Montana
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