Flippy method
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Thread: Flippy method

  1. #1
    I have been long enough being a stalker atforexintuitivewith no donate, yet I have learn so much from here. This will be my thanks to all of you great people inforexintuitive. Very special thanks to (in no specific order): Diallist, BK, Jacko, Merlin, James16, FXOpportunist, Accrete, Twinchell and several other (cant recall you that willing to talk about your insight on this forum.

    This method is completely mechanical. Plus it based on my manual price action process'retest on support/resistance' entrance, combined with cci50 for trend management and pivot breakout for entrance.

    1. Place 4h chart on GBP/USD and set in indior.

    2. Entrance point:
    Extended entry Place buy stop on beginning of the day at current green line :
    - magenta lines is below green line
    - blue lines is stopped on the beginning of new day
    or
    - magenta lines is below green line
    - crimson lines isn't stopped on the beginning of new day

    Short entry Place sell stop on beginning of the day at current green line when:
    - magenta lines is over green line
    - crimson lines is stopped on the beginning of new day
    or
    - magenta lines is over green line
    - blue lines isn't stopped on the beginning of new day

    Place 50 pips initial stoploss, and proceed initial prevent loss to green lineup for present position each new moment.

    3. Exit stage:
    - let the prevent loss hit
    or
    edit: - depart when magenta lines crossed with green line on beginning of the day, contrary to the trend red/blue lines.
    Or
    - On long position, exit at beginning of the day when reddish line stopped.
    - On brief position, exit at beginning of the day when blue line stopped.

    Thats it for the mechanical part of this method. This mechanical approach generated 4.8k gross pips profit and 1.1k gross pips reduction (thats 4:1 on R/R ratio), and around 60% win trades. Max consecutive loss is . And maximum drawdown recorded is 150 pips

    In backtest I use 1% equity risk on every trade on compounded equity. It results is 200% current equilibrium worth from core equity. You can change the equity risk on backtest worksheet. It's going recalculate automatically on summary.

    There's other means to exchange this method, more profitable entrance. Sometime that indior does not ch a potential new trend quickly enough. Fortunately, by understanding price action on 1-3 days back, I will see that market is rolling over, or a bounce on sup/res occurs. In that scenario, I enter at beginning of the next day, with 50 pips prevent loss. To use this other way, I propose just for experienced traders who comprehend market condition. Ccould use jacko'anti-hedging' too with this discretionary approach.


    *notes:
    - I feel this indior wont'repaint' the past, but to be sure, I need someone with great knowledge of MQL programming to confirm. I am not quite proficient at coding with MQL. (something wrong with this indior, Rusty helping me with recoding this, while I need to investigate why it reveals different value with present cci indior)
    - The mechanical system may operate on EUR/USD and USD CHF pair and dont operate on USD/JPY. However, I have not backtest on those pair yet.
    - For those who interested on why I use yesterday pivot, I am trying to grab a pinbar and engulfing pattern using both yesterday close and yesterday pivot.

    Notice: hmm need to retest/remake indior. (just realized that pivot is a SMA[1] applied to typical price lol) I'll look into this, and recheck effect later. The idea stays the same that is to grab pinbar/retest that break prev line. See you around.

    Aha! Found the issue. I'll do recheck and retest. I'll get rid of this invalid indior backtest. Will replace it afterwards when finished.

    January 2006 till now backtest, and indior attached.

  2. #2
    Hi dutdot

    thanks for sharing

    is this system work on additional pair?

    I am consistently exchange GBP/JPY on 4hour chrat

  3. #3
    sample #3

    Some opened transactions are occasionally ignored with some exceptional condition.

    A. 2 traces. We have 2 long orders here with yellow lines trigger
    B. long order with open TP stopped out at yellowish lines. The other with fixed 50 TP was open.

    However watch, this particular 50 TP order does not hit SL or TP within 1 day after it had been opened. And by obvious HS pattern broken in shoulder we ignore this 1/1 RR opened order.

    C. 3 traces. Long order is stopped outside. Enter 2 sell stop order . 1 struck 50 tp.
    D. 2nd brief order closed out in blue lines.

  4. #4
    And a few illuion how this method works:




  5. #5
    Your system seems great, but I was wondering in the event that you have completed any backtesting on it?

  6. #6
    Quote Originally Posted by ;
    hi

    Thank you for sharing

    is this system work on additional pair?

    I am always trade GBP/JPY on 4hour chrat
    I do not think it willl use currency that paired together with JPY. I think carry trades biased yen movement. And gossip from official moved all yen paired currency too much. I have only forward tested this by December. Pls trade with cautious on additional pair, pivot shift/width might need an adjustment too on additional pair.

  7. #7
    Thank you for response


    gt;I believe carry trades biased yen motion. And gossip from official moved all yen paired currency too much.

    I believe so too


    Quote Originally Posted by ;
    I do not believe it willl work with currency that paired together with JPY. I believe carry trades biased yen motion. And gossip from official moved all yen paired currency too much. I've just analyzed this by December, on GBP/USD. Pls trade with cautious on additional pair, pivot shift/width may need an adjustment too on additional pair.

  8. #8
    Quote Originally Posted by ;
    I have been long become a stalker atforexintuitivewith no donate, yet I have learn so far from here...
    Glad you came out of the closet dutdot. Grin. Looks like you have done a wonderful job of putting together descriptive screen shots, explanitory graphics and rules of engagement.

    Best wishes on your trading!
    Thom

  9. #9
    Hello buddy
    have you got a EA of this TS?

    Kind regards,
    Marcelo Marques

  10. #10
    Impressive, dutdot. Place this indior on and should it do not'repaint' as you mentioned, it's a really wonderful system. Thanks.

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