Discuss 1MinuteDaily.com

[roberto barletta]

Hi marquesmaiden...

Did u use the daily ea to get those range times or manually tested..

Does anybody know when the latest ea will be released...

Is there a way with the ea to test moving the stoploss with the range ie..so u can have tp 100 pips and stop loss say 80 pips...
It would have to be a % of the range..I know u can double and increae stop, but can u make stop less than 1 to 1 ratio with tp..

Cheers

 

[marquesmaiden]

Hello Roberto,
i'm anti EA's after F**Turbo and Mega***** i don't trust in EA's and never backtested 1 minute EA.
I use 1 minute manually and time ranges are calculated manually.

Cheers.

 

[vitf_l1217]

frank

Can anyone tell me abit about this method i am new to trading so i want something easy to understand and use and can you give me a cost for this system?

 

[exclusive]

Hi Marquesmaiden,
Sorry, but my my poor brain cell missed something. Do you use your
manually calculated ranges rather than the 1 minute indicator (you know the yellow dots thingy)? And do you use the time period (eg 4 hours or 12 hours) whatever you've backtested that suits that particular pair?
I can see where your coming from (I think)
many thanks
exclusive

 

[jddvma]

Fast Backtesting

Hi marques,

I confirm you than I have used the manual backtesting.

I have used the charts of my broker with 1MD indicator on. Then I have completed the table accord of 1MD strategy (only 1 condition, no trade if range is too large). Maybe, the xls files can help you to know my procedure.

My consolidation time (Spain) on EURUSD & GPBUSD is 21-9 (london time) // 22-10 (my chart time).

If you want, tell me your email to send you the xls files.

Greetings.

JdD

Hello people, back from vacation and see there's a lot of movement around here.
But the main reason that brings me here is the EURUSD results by jddvma (congrats on your work), already done a "fast backtesting" and calculated the consolidation time for this pair is 8pm - 8am (London Time). Maybe jddvma could let us know if this is how he is doing his backtesting.
In the weekend i will try to find other consolidation periods for some other pairs, already started with EURJPY but it's to hard for this pair.

See you...

 

[jddvma]

Rules 1MD

Hi AZ:

The rules I have used are simply: trading all the days (Monday to Friday) with only 1 condition => No trade if nigth range is too large.

My time range for gbp/jpy 7-19 (london time) // 8-20 (my chart time on Spain).

If you want xls files to check my analysis, only tell me.

Greetings.


JdD

Hi jddvma,

Thanks for your work! EUR/USD is interesting. Can you tell us what rules you are using?

I notice you are not following the no-trade rules (Thursday for usd/jpy Friday for gbp/usd) that they started a couple of months ago.

I also notice that you had no-trades for gbp/jpy in June because of large ranges. But I did not have that. Maybe we are using different times for the ranges? My time range for gbp/jpy is 00:00 - 12:00 London as per the last update.

Best regards,
AZ

 

[marquesmaiden]

Hi Marquesmaiden,
Sorry, but my my poor brain cell missed something. Do you use your
manually calculated ranges rather than the 1 minute indicator (you know the yellow dots thingy)? And do you use the time period (eg 4 hours or 12 hours) whatever you've backtested that suits that particular pair?
I can see where your coming from (I think)
many thanks
exclusive

Hello exclusive,
i use the 1minute indicator with those "yellow dots thingy"
But seriously. What i do is, using the example of the EURUSD pair.
I start to compare the new york (USD) and Frankfurt (EUR) market hours (open and close).

Frankfurt open: 6am close:2pm
NY open:12am close: 8pm
These times are GMT

Starting from here i can see that between 8pm and 6am both markets are closed and therefor the price for this pair should be less volatile. Next step i open a chart and use the 1 minute indicator to calculate the best consolidation time for the pair. I observe the "night range", the number of false breakouts. To finish i calculate the results uising the ABC system used in the manual by the creators.

I hope my explanation will help. Any critics and advises are welcome.

Cheers.

 

[marquesmaiden]

As i said in post #345 i don't like EA's.
But this week i'll try the 1 minute EA, on a demo account. I'm using the standard setup except i activated the trailing stop to true. By Friday i hope to have here the results.

See you.

 

[roberto barletta]

marquesmaiden,

how far back do you go back when you backtest..ie 3 months, 6 months??

thanks

roberto

 

[marquesmaiden]

marquesmaiden,

how far back do you go back when you backtest..ie 3 months, 6 months??

thanks

roberto

Usually between 2 and 4 months. If i see that the results are very bad i stop (sometimes) before 2 months else i continue until +-4 months.