Candlestick Scalper 1s discussion

MAKSIDE · Tue, 07 Apr 2020 16:56:37 +0000

Hi I open this topic because i guess that the best system for TH 1S, would be to have only a strategy based on candlestick (without any indicator or heiki ashi.. ) For 1s TF, i think the candlestick is the only way to have a quick result I imagine a system based on double or triple TF, volatility on one candle measured by her size and the different combinations of the different candles What do you think about that ? someone has already tried this approach in live ? On my side, i start on it.. good luck to myself

This topic has 171 replies, 16 voices, and was last updated 2 years ago by CMM.

Viewing 15 posts - 16 through 30 (of 172 total)

← 1 2 3 4 5 6 7 8 9 10 11 12 →

04/08/2020 at 3:34 PM #125260

GraHal

Here you are … you may find some good info on here.

IG replied back saying they had been having problems … yeah right!!?? 🙂

https://www.prorealcode.com/topic/bots-stopped-could-not-confirm-status-of-last-order/

1 user thanked author for this post.

MAKSIDE

GraHal
Participant

Topics: 211
Replies: 8774
Been thanked: 2180 times

04/08/2020 at 4:47 PM #125281

bertrandpinoy

Do you know the trader benoit rousseau? https://www.andlil.com/
c is a manual sclaper trader. Very very very impressive.
I read his book and he focuses on closing candles that closes with a dish at the base. No downing wick + 3 consecutive candles that closes without wicks before entering. it calls ca “a flat candle”… maybe the translation doesn’t work.
Maybe it’s a trail to dig, but how do we code this?

bertrandpinoy
Participant

Topics: 24
Replies: 121
Been thanked: 8 times

04/08/2020 at 4:52 PM #125285

GraHal

bertrandpinoy wrote:

candles that closes with a dish at the base.

Maybe similar to a cup with handle formation?

You should open a new Topic and write a specification and a Coding Wizard may help you code it??

1 user thanked author for this post.

bertrandpinoy

GraHal
Participant

Topics: 211
Replies: 8774
Been thanked: 2180 times

04/08/2020 at 4:55 PM #125288

MAKSIDE

I already tried a strategy based on heikin Ashi and her method.. Benoist trades under 100T..

it doesn’t work ..

I prefer to base myself on the candle in its pure representation.. heikin is a smoothing, not really dynamic .. these candles can hide a lot inside the smoothing…

1 user thanked author for this post.

bertrandpinoy

MAKSIDE
Participant

Topics: 37
Replies: 343
Been thanked: 98 times

04/08/2020 at 7:11 PM #125316

MAKSIDE

@Grahal

in the detail of the rejected list of PRT, i found a detailed message

“Another order may be in progress on the same position”

I don’t know how it is possible !

MAKSIDE
Participant

Topics: 37
Replies: 343
Been thanked: 98 times

04/08/2020 at 7:14 PM #125319

MAKSIDE

at least 20 rejections with the same problem, .. too bad !!

result today

MAKSIDE
Participant

Topics: 37
Replies: 343
Been thanked: 98 times

04/08/2020 at 7:18 PM #125322

GraHal

PRT (or more likely IG) does not allow 2 orders in the same direction on the same Instrument on the same Account at the same time!

So you must have another System running that tried to take the same trade at exactly same time??

1 user thanked author for this post.

MAKSIDE

GraHal
Participant

Topics: 211
Replies: 8774
Been thanked: 2180 times

04/08/2020 at 7:54 PM #125324

MAKSIDE

Oh yes, thanks ! after checking.

i knew this rule .. maybe you are right, 2 similar strategy (candle) having taken at the same time

MAKSIDE
Participant

Topics: 37
Replies: 343
Been thanked: 98 times

04/09/2020 at 9:25 AM #125372

MAKSIDE

@Paul

About your strategy, did you test with Multi TF in order to define the trend ? what is your default TF used for this strategy ?

After testing, i imagine that was 5 minutes ?

Regarding my strategy in progress, i use Multi TF and for the moment it’s ok. The up or downtrend on a higher timeframe could improve your strategy, i think

MAKSIDE
Participant

Topics: 37
Replies: 343
Been thanked: 98 times

04/09/2020 at 12:48 PM #125412

Paul

Yes it’s indeed a necessity to trade in the trend.

I only use this on 10 seconds TF.

av=ExponentialAverage[20](close)

1

av=ExponentialAverage[20](close)

For not buying at the top I use this

timeframe (5 minute) if barindex>1 and range>0 then hh5=high ll5=low endif TIMEFRAME (default) condbuy=condbuy and high<hh5

1
2
3
4
5
6
7
8
9
10

timeframe (5 minute)

if barindex>1 and range>0 then
hh5=high
ll5=low
endif

TIMEFRAME (default)

condbuy=condbuy and high<hh5

But I’am struggeling with an error, happens after the position is taken and active.

Also a point I overlooked. Since we have quick exit with the trailing stop. No exits could also happen because the stop was too close. So got to write something that if the stop wasn’t activated , it exits next bar the open. I wrote something in barhunter for that, but because of the error I don’t know if it’s related.

Paul
Participant

Topics: 40
Replies: 812
Been thanked: 660 times

04/09/2020 at 1:11 PM #125423

Paul

maybe it was because I used undefined in the code. I rewrote a few exits. Now it’s running.

Yours results look very good btw. Perhaps my trenddetection could be better!

Paul
Participant

Topics: 40
Replies: 812
Been thanked: 660 times

04/09/2020 at 2:22 PM #125442

MAKSIDE

Ok Paul,

what is the message in english ? 😉

on my side, for the TF 1S default, i use 1mn and 30mn

the difficulty for small timeframe is to find the best way to have a great exit condition for long and short, under 1S

For the moment, i’m not satisfied…

MAKSIDE
Participant

Topics: 37
Replies: 343
Been thanked: 98 times

04/09/2020 at 6:30 PM #125478

Paul

The system has stopped because an error occurred. It’s still running after the changes though. Let’s see what happens tomorrow.

I haven’t tested my system on 1 sec for while, always 10s default. Will take a look at 1 sec again.

My exit conditions are only the trailingstop. The same ts I use on nasdaq/sp500/dow jones and all in the same time range with the same stoploss of 0.5%. The focus is to have a good entry but next is how to exit a bad entry without getting out of good entries too! Still work to do 🙂

Paul
Participant

Topics: 40
Replies: 812
Been thanked: 660 times

04/09/2020 at 10:47 PM #125502

MAKSIDE

As you said, still work to do.. 😉

yes, exit position is not easy but this timeframe can allow to gain quickly in intraday and to have easily btw 5 to 10% per day.

I think a very small tp is a way. if the strategy win all the time (good ratio), positionsize can be increased

currently i’m looking for statistics on candle pattern.. and looking for a percentage of chance that a pattern will appear

I have the same problem with another strategy on TF 1S

MAKSIDE
Participant

Topics: 37
Replies: 343
Been thanked: 98 times

04/09/2020 at 10:53 PM #125504

MAKSIDE

if trailing stop is not the best way, for the moment, i think only the analysis of a candle of a higher timeframe is the way for the exit..

do you agree ? i checked dozens of indicators, nothing works correctly with this TF

MAKSIDE
Participant

Topics: 37
Replies: 343
Been thanked: 98 times
Author

Posts

Viewing 15 posts - 16 through 30 (of 172 total)

← 1 2 3 4 5 6 7 8 9 10 11 12 →

Find exclusive trading pro-tools on

Candlestick Scalper 1s discussion

1 user thanked author for this post.

1 user thanked author for this post.

1 user thanked author for this post.

1 user thanked author for this post.