You trade in the direction of the new candle color: red, short; green, long. Per the strategy, 0.0 fib is the SL, 100.0 fib is the entry. TP is 200 fib, sometimes 300 fib. The trade is left to either hit SL or TP. Changes in candle color, while a ...

Daily green/red candle

My entries are exactly per the rules. I try to get at least 161.8 fib for TP, but if I see a loss of momentum, I'll tighten the SL and let the trade stop itself out for a small gain. If I see an increase in momentum, I'll let the trade ride until it ...

Daily green/red candle

Green/Red after two weeks. Flat with no floating trades for the weekend. Looking very solid, so far.

Daily green/red candle

Not bad for one day. And this is with my bullshit US broker deleting all the hedge orders.

Trapping System: Grid

You are correct. If I'm in a trade, I don't hedge my position when candle color changes. I've done well with this strategy without hedging, so it shouldn't be a problem.

Daily green/red candle

The rule is that the trade must be in the direction of the new color candle.

Daily green/red candle

How many orders on each side are you using?

Trapping System: Grid

If you follow the rules of trading each color change for a given pair, you will, in many cases, end up hedging your position.

Daily green/red candle

If an EA is made to follow the rules, it must have an input to defeat hedging, as it is not allowed by US brokers.

Daily green/red candle

I know we're all looking for improvements, but has anyone really looked at dimdel's Trade Explorer? 400% in 17 days. That is incredible performance and stands by itself. If you follow dimdel's rules, you will probably make more money with this ...

Daily green/red candle

I'm trading gbpjpy, also. If you zoom out, you can see the pair has formed a massive double-top formation, so I'm looking for some downside action.

Daily green/red candle

After eight days. A few rough patches here and there, but overall very satisfied.

Daily green/red candle

Big day for Green/Red strategy. Already have over 400 pips locked in, and there's more to come. Just a couple of screen shots to show some of the action.

Daily green/red candle

I hate indicators, but in this case it might be helpful. Yes, perhaps fewer trades, but maybe a better winning percentage. I'm hoping an EA will be forthcoming, which would give us immediate results, as to the filter's effectiveness. Rob

Daily green/red candle

Show us the way, Master

Daily green/red candle

Does it hedge?

Trapping System: Grid

Had six pending orders ready last night, but only one triggered. As said before, let the trades come to you.

Daily green/red candle

Not live, yet, but I will be soon. I need a couple more weeks' results, first.

Daily green/red candle

I currently have three demos running. I posted the one-week results for the first demo in a prior post. My second demo uses the signal candle high/low for the SL, and 161.8 fib for TP. The third will employ your 50-pip TS. I'm also trading 12 pairs.

Daily green/red candle

These are the results for the first week I've been trading the strategy. Profit factor is high and I can't complain about the 1% DD. I expect my results to improve even more, as I get more price-action experience under my belt.

Daily green/red candle