How to filter bad signal in the market: I did not open a trade on this chart - Trading Systems

Alain Verleyen 2013.05.20 18:29 #31

newdigital:

Just one example about losing trade - stop loss was moved (by me :) ... as i do not have any special tools yet) by trailing stop ... and trailing stop is the line of the indicator ... to make it shorter - it is +1 pips (4 digit pips):

That is why this system can be used with very very small deposit size.

What trade are talking about, there is no trade on this chart ?

Sergey Golubev 2013.05.21 07:14 #32

angevoyageur:
What trade are talking about, there is no trade on this chart ?

There is no trade - I did not open this trade. But good advantage of this system is that it can be backtested - because level of iTrend indicator is adjusted automatically based on the bar of the history.

I Trend Display ADXcross Experts: Crossing of two

Alain Verleyen 2013.05.21 07:22 #33

newdigital:
There is no trade - I did not open this trade. But good advantage of this system is that it can be backtested - because level of iTrend indicator is adjusted automatically based on the bar of the history.

Ok, can you show on the chart this "losing trade" ? I missed it.

Sergey Golubev 2013.05.21 07:33 #34

This is the explanation (on the chart):

Alain Verleyen 2013.05.21 13:43 #35

newdigital:

This is the explanation (on the chart):

Thank you, very clear now

I have a suggestion, when the signal bar exceeds a certain range, it would not be avoid to trade?

Sergey Golubev 2013.05.21 13:55 #36

angevoyageur:

Thank you, very clear now

I have a suggestion, when the signal bar exceeds a certain range, it would not be avoid to trade?

Did not understand sorry ... one signal bar is not enough - we should have iTrend confirmation concerning the level. And all signal ssystems are traded on close bar.

Alain Verleyen 2013.05.21 14:06 #37

newdigital:
Did not understand sorry ... one signal bar is not enough - we should have iTrend confirmation concerning the level. And all signal ssystems are traded on close bar.

Ok. The bar/candle where the signals appears (with the blue circle and confirmed by iTrend, and when it's closed) has a range (Open-Close) of 32 pips. It's a great candle compared to other (in this chart) for a H1 timeframe. Maybe when the signal bar is >30 pips we can avoid to trade, just an idea to filter bad signal. We can check if it a good rule or not by "backtesting" on the chart as you suggested in a previous post.

BrainSystem: Trading System Development Brainwashing. Trades: manually and Opening orders at the

Sergey Golubev 2013.05.21 14:11 #38

angevoyageur:
Ok. The bar/candle where the signals appears (with the blue circle and confirmed by iTrend, and when it's closed) has a range (Open-Close) of 32 pips. It's a great candle compared to other (in this chart) for a H1 timeframe. Maybe when the signal bar is >30 pips we can avoid to trade, just an idea to filter bad signal. We can check if it a good rule or not by "backtesting" on the chart as you suggested in a previous post.

Yes, understand now. Good idea.

I will try to backtest it for some weeks for 4 majors to see about how original rules are working, and how this one works for example.