Hi Zamanib, with a 50 pip bar you would set an alert for 16.6 pips since that is 1/3 of the bar. Your SL would be 16.6 pips and TP would be double. Try that. Jag

Dreamliners’ MPAS (Mechanical Price Action Strategy) System

Yes this is why I said to take both trades so if it goes in any direction it will get you 10 tips. A zigzag within the bar will cause you to lose 20 pips... so at worsed you are 1:2 and at best you are 1:1.. if you can get 65-75% win rate then it ...

Dreamliners’ MPAS (Mechanical Price Action Strategy) System

Yup you know what would be cool is if we can optimize this with range bars and SL/TP as inputs.. and whatever equity measuring stick as the output. You said Mt4 backtester wouldn't work right? The R:R is the same with any sized range bars... ...

Dreamliners’ MPAS (Mechanical Price Action Strategy) System

Haha I edited my post... I was adding in spreadx2 to it but you probably shouldn't since price wouldn't react the same... Well I thought the idea was to trade with 1/3 bar SL and 2/3 TP... thats 2:1 but just needs to move more also has more room to ...

Dreamliners’ MPAS (Mechanical Price Action Strategy) System

I think its a good investigation to try to find a suitable pip interval that each pair reacts.. like EU does to ~30 right now... I found using ATR H1 500 mimicks this with EU (gives you 29)... and gives about 27 for GU... you can double it to get 54 ...

Dreamliners’ MPAS (Mechanical Price Action Strategy) System

Ok thanks, Then maybe I should take that one and try to backtest it... I'll look at that maybe this weekend. What settings do you apply? What do I need to know other than looking at the source? Jag

Jag's Phantom 6 System

LOL well when people on here using Mt4 bought the MM's actually sold

Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simone

Yup you're right... KISS until proven otherwise.. don't add complexity until over x number of trades the win/loss ratio doesn't allow your MM to increase equity on a stable basis. (creates a negative equity channel) If you can improve win/loss ...

Dreamliners’ MPAS (Mechanical Price Action Strategy) System

Ahh I see however wouldn't you have bought at bottom of some those bars that retraced to the open after a low alert.. when you know there is a good chance it will probably reverse and continue the selloff? I guess that's where having the good R:R ...

Dreamliners’ MPAS (Mechanical Price Action Strategy) System

Dreamliner, At the open of a new bar, set an alert notification (see next post for the alert system I am using) for 10 pips lower than the open price and another alert for 10 pips higher than the open price. If your low alert is triggered (see next ...

Dreamliners’ MPAS (Mechanical Price Action Strategy) System

Hey Dreamliner... So you don't recommend the trend version of the system? You are always trading ranging? For MM I'm looking at researching Pascal's triangle... there's a thread on here somewhere about it. Jag

Dreamliners’ MPAS (Mechanical Price Action Strategy) System

hi i think at the close of the bar you would be out with tp if it didnt hit sl in a trend you would go in direction and in a range you go opposite of last bar direction

Dreamliners’ MPAS (Mechanical Price Action Strategy) System

haha I updated my post a few times.. I have a tendancy to do that maybe its the perfectionist in me I really should stop it... I wonder how hard it would be to do range bars in JForex so we can backtest it with proper historical data.

Dreamliners’ MPAS (Mechanical Price Action Strategy) System

Hi Dreamliner, Thanks for sharing... So you basically wait for price to clear 1/3 of the bar size (10 pips) before either entering long or short (depending on trend or range environment)? I'm wondering about entering both since you have a 2:1 RR the ...

Dreamliners’ MPAS (Mechanical Price Action Strategy) System

You should try Hooked on Phonics — No I meant what I wrote... you should read what I said MORE carefully. The three bars up in a row you may have lost there if the bar retraced after making a new high... In these cases your caught in a short ...

Gbpusd trading system

Interesting... so the losing trades would be the the up bars in a row which retraced below the open yet still finished up? SL would be 30 pips and TP would be < 30 pips... but the 10 bars in a row would give some good pips lol... The best times ...

Gbpusd trading system

I had no problems with the RangeBar indicator but the arrows only paint when the EMA's cross(EMA CROSS RSI Indicator). At first glance it seems as though the arrows will get painted after the bar where they are pointing... and some good R:R exists ...

Gbpusd trading system

Hey Mal, How you doin bud? Taking time off for xmas? Hopefully it snows and we get a proper xmas! Jag

vsa with Malcolm

good R:R for a long right now. This could be the test thats happening at the low.

EURUSD

i think those arrows are painted after the ma has crossed course by then its too late

Gbpusd trading system