(Old thread but interesting topic so I thought I might reply) I have done a similar overlay some time ago, it doesn't look lower timeframes just the same timeframe but see if this is what you are looking for. It looks at highs/lows so it's not ...

Price Density Index

I don't know if we are looking at the same thing, still looks a lot like h&s to me. It's important to note that it's not confirmed before the neckline is penetrated, this might fail as well.

EURUSD

Looks like pretty beautiful reverse h&s on h4.

EURUSD

I have to recommend one book that I just read, it rose to my top 5 trading books The Art of the Trade: What I Learned (and Lost) Trading the Chicago Futures Markets (Jason Alan Jankovsky)

My Top 10

In fact sharpe ratio is quite standard way of calculating risk adjusted performance.

First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!

There is one thing that most people don't take into account and that is clustering of results - in some methods profits and losses tend to cluster therefore accumulating the same "edge" but different drawdown. In some methods you might be able to ...

First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!

Closing time is next weeks open. Also note that short signal is not ten days, it's 8. Here is one hack for those interested and still subscribing to this thread, don't use ma filter that joel mentions. You'll get lower DD and better profit. I don't ...

First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!

Something interesting for weekend.. This is something i have been anticipating for a while, now it's interesting to see if the results are what I think they are (I have not yet entered the longer term long position I was talking about) url

EURUSD

This is for other people who will ask the same question. I quote my post: (I removed the position sizing from the EA before posting it here but posted the below in second post)

Low Draw Down Fractal System

Here are the codes, first is indicator, next is EA. Feel free to use indicator elsewhere if you feel like it. It's an "MTF" indicator so you can attach for example daily channel to hourly chart (pic below) Unfortunately the ea code will not compile ...

Low Draw Down Fractal System

I didn't use iFractals because I already had coded a fractal channel indicator that does the same thing as this method, I tested a very similar method but with different stop type some time ago. I'll post the indicator + ea source later when I'm on ...

Low Draw Down Fractal System

Here is one hack for all interested that I stumbled on other thread and after testing I have added it as a risk separation method. Feel free to weight the methods as you wish (I'm using 2x risk on this close) Open two orders with total risk ...

First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!

In fact I didn't remove my original exit strategy, it still works much better than this one. I just added a new layer to split the risk between these two strategies by a weight percentage (removes result volatility) but this is probably not the way ...

Low Draw Down Fractal System

Sorry about that. My point was that the exit method might very well work on any other system - working exit strategies are not too common.

Low Draw Down Fractal System

Sorry, it's private. For some profitable mechanical systems, look here (thread is no longer continued) url

Low Draw Down Fractal System

One thing that you might want to do if you are interested in this method and some more advanced versions of opening range breakout is try to find a book called Toby Crabel - Day Trading With Short Term Price Patterns And Opening Range Breakout The ...

First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!

One thing I have to mention here is that I never thought one bar close would be so efficient as it is, I modified my current system and one bar close almost always makes money. So with good entry, one bar close can really be profitable. I got about ...

Low Draw Down Fractal System

Why would I need the software when I just posted the results from my testing? ps. Feel free to post your own curves from the other software if you want, I trust my results.

Low Draw Down Fractal System

I tested the method. Works really well with EURUSD, all other majors give bad results with high volatility. 10k begin saldo, each trade is 0.1 lot. I did one (very minor) change to the system, the trade closes on next bar open, not bar close. I ...

Low Draw Down Fractal System

I coded very similar system some time ago, what this is basically doing is using a "fractal channel" where the channel is always drawn from the last fractal (If i understood correctly). On my method I used the channel as a breakout method, this ...

Low Draw Down Fractal System