DAILY WICK ZONE TRADING

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skljsklj1
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Re: DAILY WICK ZONE TRADING

Postby skljsklj1 » Sat Aug 13, 2016 10:04 am

TheRumpledOne wrote:Need a different page from the EXIT PLAY BOOK for DAILY WICK ZONE TRADING.
You may want to wait longer or you many just want to take what is there.
You may want to put a BE + 0.5 pips ( a scratch ) and see if it runs 10 or more.

I put wick zones on EURJPY daily candles of this week, and then looked at 5min charts (to see where is entry), to see how good is this method. And, there is only few losses, with so much wins. This is just little backtest.
I like this method.

This method will continue to work in future? I mean, there is no chance to price stuck in wick zones and to not leave zones, or to leave with just few pips (not enough to make money)? Or something like that? This is probably stupid question, but very important for me. Please answer me.
Thank you! :)

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TheRumpledOne
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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Sat Aug 13, 2016 6:00 pm

skljsklj1 wrote:
TheRumpledOne wrote:Need a different page from the EXIT PLAY BOOK for DAILY WICK ZONE TRADING.
You may want to wait longer or you many just want to take what is there.
You may want to put a BE + 0.5 pips ( a scratch ) and see if it runs 10 or more.

I put wick zones on EURJPY daily candles of this week, and then looked at 5min charts (to see where is entry), to see how good is this method. And, there is only few losses, with so much wins. This is just little backtest.
I like this method.

This method will continue to work in future? I mean, there is no chance to price stuck in wick zones and to not leave zones, or to leave with just few pips (not enough to make money)? Or something like that? This is probably stupid question, but very important for me. Please answer me.
Thank you! :)


Anything can happen.
But until the statistics change, you can DRAIN THE BANKS!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

BaraKuda
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Re: DAILY WICK ZONE TRADING

Postby BaraKuda » Sun Aug 14, 2016 3:06 am

HI TRO

I'm a customer of your 2014 and 2016 indicators , in one of your video on Daily wick zone you have an indicator to display the position size based on equity and risk % per trade , but i can't find it in the files i received .
what is the name of the indicator please ?

Thanks in advance
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Re: DAILY WICK ZONE TRADING

Postby MightyOne » Sun Aug 14, 2016 3:55 am

BaraKuda wrote:HI TRO

I'm a customer of your 2014 and 2016 indicators , in one of your video on Daily wick zone you have an indicator to display the position size based on equity and risk % per trade , but i can't find it in the files i received .
what is the name of the indicator please ?

Thanks in advance


I think that this is what you are looking for:

TROBUILD700.zip ---> TRO_DRAGON_MONEY_MGMT

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Re: DAILY WICK ZONE TRADING

Postby BaraKuda » Sun Aug 14, 2016 4:08 am

Mighty one

Its almost the same but the one on the video calculate automatically the size of sl based on the size of the wick .
this is what im looking for to have the calculation directly on the chart without the need to key in the SL size

Thank you

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Re: DAILY WICK ZONE TRADING

Postby BaraKuda » Sun Aug 14, 2016 4:09 am

Mighty one



Thank you
Last edited by BaraKuda on Sun Aug 14, 2016 6:18 am, edited 2 times in total.

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TheRumpledOne
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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Tue Aug 16, 2016 1:28 pm

EURJPYH1.png
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Tue Aug 16, 2016 1:30 pm

BaraKuda wrote:HI TRO

I'm a customer of your 2014 and 2016 indicators , in one of your video on Daily wick zone you have an indicator to display the position size based on equity and risk % per trade , but i can't find it in the files i received .
what is the name of the indicator please ?

Thanks in advance


TRO2014_HTBL_ZONE is the name of the wick zone indicator. "Wick Zone" sounds better than HTBL. You can use wick zones of any chart period. H4 and H1 great for scalping 2+ pips.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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Re: DAILY WICK ZONE TRADING

Postby miro1360 » Wed Aug 17, 2016 3:07 pm

TRO is right with Daily[1] Wick Zone trading, I created EA to test GJ pair in 5 ways:
1. trade in all ways, inside/outside wick and inside/outside body
2. trade inside/outside wick
3. trade inside/outside body
4. trade inside body depending on candle type (bear bull [0]) and outside wick indepedent on candle type
5. trade only outside wick

here is method 5. most profitable for GJ pair (I have not tested on other pairs), 2015.04.05-2016.07.15.
second (fewer) profitable was 4.

both method was tested in dependency to week[0]/daily[0]/h4[0] candle direction (multimeter) and without dependency - for GJ pair in this test dependency seems be insignificant, BUT this test have a lot of limitation (like martingale, fix stops) and for manual trading dependency is proven and is important

As I said, this EA have some limitations because can not read history swings for setting SL and proper money management, so my management was martingale for testing. Martingale with multiplikator 2.0 and limitation for maximal lots/trade 2.0 from base Lots 0.1. Hard stops: SL:100p and TP:150p.
(EA can not be used for automated trading because Martingale and this is only test to show how strong this strategy must be for manual trading).
:wink:
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TheRumpledOne
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Re: DAILY WICK ZONE TRADING

Postby TheRumpledOne » Wed Aug 17, 2016 4:27 pm

#5 is a DAILY HIGH/LOW BREAKOUT.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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