Chandelier
that's the relentless one...
Is it OK if stop-losses average 50% of trades?
I'd rather put a trailing stop on profitable trades
Candelabra is a trading system that requires no indicators or technical analysis, working on a clean chart, with a single order. It requires only 5 minutes once a day.
...
P. S: When I manually checked on EURUSD for the last 110 days I got +2300 pips profit with a maximum continuous drawdown of about 350 pips.
very good,
just do not calculate pips, but the ratio of profitable trades to loss-making ones, as if each trade were executed with equal stops and profits, for example 1% of the deposit, regardless of pips
if it is justified in this case too - then we have something to talk about.
for it set at the High of the previous day's candle)
Why is High on D1 better than High on H4 ? and H4 candle is better than H1, a..... М1
;)
very good,
Just calculate not pips, but the ratio of profitable trades to unprofitable ones, as if every trade were executed with equal stops and profits, for example 1% of the deposit, regardless of pips.
if it still holds true, then there is something to talk about.
Denis, I'm terribly sorry, but we're not here for the ratio in the end, but for the profit, even if it's in points.
Candelabra is a trading system that requires no indicators or technical analysis, working on a clean chart, with a single order.
Is it cooler than a catch?
I thought it couldn't get any cooler.
Candelabra - a trading system that does not require indicators or technical analysis
As C-4 says, the CU must have an economic justification. What is it with Kandebjarb?
No, the principle here is that if you wake up in the morning, you're not dead during the night. What more reasoning is needed :)
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Candelabra is a trading system that requires no indicators or technical analysis, working on a clean chart, with a single order. It requires only 5 minutes once a day.
Description: After the close of the daily candle of the previous day, open an order at the Open price of the coming day in the same direction, in which was formed a daily candle of the previous day (if it was bullish - open order Buy, if bearish - Sell) with Stop Loss on the extremum of the previous day candle (if we place an order Buy, then the Stop Loss for it expose on the low price mark of the previous day candle, if we place the order Sell, then the Stop Loss for it expose on the High position of the previous day candle). Take Profit or Trailing Stop are not used.
At the end of the day (by the end of the day candle), there are three possible options:
1) The order type is correct, and the daily candle closed in the profitable direction. Then the order is closed, the profit is fixed, and the algorithm repeats.
2) A Stop Loss has triggered. The algorithm is repeated from the beginning.
3) The candlestick turns in an unprofitable direction, but it has not reached Stop Loss level during the day. Then this order is left until it does not trigger the Stop Loss, or any subsequent day will not close in profit for this order. A new order is still placed every day according to the algorithm regardless of the previous day's pending orders.
P. S.: manual testing on EURUSD during the last 110 days has shown +2400 pips of profit, with a maximum continuous drawdown of about 350 pips.