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Hello, thank you very much for your contribution. I am interested to know what SL and TP you are using on H4. Do you use any additional filters? I have been working on another system these days using fractals and I think they could be combined with the main focus of this thread.
The truth is that I find it hard to understand how some people still don�t apply something as basic as a trend filter. You can have the best strategy on the planet, but if you operate against the current, all you can do is sink faster. I�ve been applying this technique with a 50 EMA filter and the change has been brutal. Signs are still the same, but the success rate has skyrocketed. I don�t understand why you don�t talk about this here anymore.
I have tried the pattern in exotic pairs and, surprisingly, the behavior is much cleaner than in majors. I guess having less manipulation, the breaks are more genuine. Yes, you have to adjust the ATR because the volatility in these pairs is beast. If someone else has tested them, I am very interested in sharing experiences and results.
If someone else says that this system is too simple to work, I'm going to start thinking that they haven't tried anything in their life. Simple doesn't mean bad, it means replicable, and that's what makes the difference. I'm getting more stable results than any triple confirmation indicator I've ever used.
One idea I'm exploring is to add a confirmation rule with volume. I know the volume in forex is relative, but even in retail broker data there are certain peaks that can serve. I filtered some signals with a simple volume greater than the average of the last 20 candles and curiously the false breaks decrease.
Some are obsessed with looking for the perfect setup. Spoiler: it doesn't exist. This isn't going to guess, it's going to be probabilities. With a system like this, if you have a minimal advantage and you run it without hesitation, you're already ahead of 90% of the market.
I've been operating alone for four weeks with this strategy in H1 with EUR/USD and USD/JPY. In total, 41 operations with 61% hits and an average RR of 1:1.6. It's not magic, but it's consistent. And that's just what I want. I'm not looking for a holy grail, I'm looking for a system that doesn't explode in my face after 10 trades.
Does it really have to be said that the ATR has to be adapted to temporality? I�ve seen one out there using the ATR(50
I am testing a variant where instead of entering the break of the candle, an early entry is made if the closing is very close to the end. Increases the profit ratio, but also raises the error rate. The good thing is that by putting an active stop management, the losses are reduced quite much. Even in testing phase, but it looks promising.
Hey, thanks to those of you who are bringing ideas. It�s noticeable that there�s a desire to build something useful here. I�m taking note of every variant you propose to make a general summary when I have at least 100 registered operations.