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Thread: IB Trading

  1. #1
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    Default IB Trading

    Hi everybody
    First please read some threads about Inside Bar ( IB ) and different strategies of trading:The DIBS Method . . . No Free Lunch continues - Forex Factory, Inside Bar Trading Revisited - Forex Factory, Inside bar trading - Forex Trading | MetaTrader Indicators and Expert Advisors.
    In the following system, we'll use a big TF ( 1 H or 4 H ) with 3 indies and we'll use several currencies.
    The Inside Bar ( IB ) is in blue and on the previous bar ( PB ) there are 2 lines : green for BuyStop and red for SellStop.
    There is sometimes an IB with an orange star: it's a special pattern the NR4-IB ( Narrow Range 4 - Inside Bar ) ie the IB is smaller than the 3 previous bars ( powerful pattern )
    The TP is the half of the PB size and the SL is the opposite signal ( red level for BuyStop and green level for SellStop ).
    Another strategy is possible with a smaller TP and more important lots.
    In manual, the results are excellent but of course an EA is possible.
    Attached Images Attached Images IB Trading-nr4-ib-jpg 
    Attached Files Attached Files
    Last edited by madscalp; 05-27-2009 at 12:39.

  2. #2
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    Default IB

    Hey Mad, seems good, i'll take a look

    thanks

    Greg

  3. #3
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    Default

    hey
    i gave it a try on eur usd H1, i made pips with it
    That would be great if someone could code this strategy in a ea !

  4. #4
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    Hi guys
    Happy to see traders making pips with this system.
    Amazing today with EURUSD, GBPUSD, USDJPY, etc : I've made many pips too.
    Maybe an EA to plan the trading ?

  5. #5
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    Good morning yet.
    Unfortunately, the good patterns were at 4:00 or 5:00 GMT !!!!
    Attached Images Attached Images IB Trading-1-jpg 

  6. #6
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    Hi

    I was wondering if Fanyoo would assist with a inside bar EA programming with the following logic:

    -Buy or sell on break of inside bar by 2 pips, trading 2 lots.
    -Put stop loss at the low/high of inside bar plus 2 pips
    -After 10pips profit close 1 lot and move stop loss to break-even point.
    -Trail the trade by the low/high of subsequent bar(S).
    -In the scenario where the 10 pips profit is not reached reverse the trade at stop loss point and apply the logic
    above to manage/trail the trade.
    -Have pipsbreak and initial profit target as a variable input.
    -Bar with equal high /low to be considered a inside bar
    -Make slippage a valiable ( MAx 4)
    -If there are two of more bars before trade trigger, forward logic to most recent inside bar.
    -Enable multiple trades
    -Manage each trade independently
    -Even when initial target is NOT met trail the trade at low/high of bar until logic is met.
    -No trades between Friday 4.30pm and Sunday 6.30 pm.
    -Include any other logic that maximazes it optimal performance.
    -Make time frame a variable
    -Make lot size a variable.
    -Applicable to all pairs


    Thanks to all

  7. #7
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    Default

    Quote Originally Posted by Cilliom View Post
    Hi

    I was wondering if Fanyoo would assist with a inside bar EA programming with the following logic:

    -Buy or sell on break of inside bar by 2 pips, trading 2 lots.
    -Put stop loss at the low/high of inside bar plus 2 pips
    -After 10pips profit close 1 lot and move stop loss to break-even point.
    -Trail the trade by the low/high of subsequent bar(S).
    -In the scenario where the 10 pips profit is not reached reverse the trade at stop loss point and apply the logic
    above to manage/trail the trade.
    -Have pipsbreak and initial profit target as a variable input.
    -Bar with equal high /low to be considered a inside bar
    -Make slippage a valiable ( MAx 4)
    -If there are two of more bars before trade trigger, forward logic to most recent inside bar.
    -Enable multiple trades
    -Manage each trade independently
    -Even when initial target is NOT met trail the trade at low/high of bar until logic is met.
    -No trades between Friday 4.30pm and Sunday 6.30 pm.
    -Include any other logic that maximazes it optimal performance.
    -Make time frame a variable
    -Make lot size a variable.
    -Applicable to all pairs


    Thanks to all
    I agree.
    It's a good strategy.
    Another possibility is a trailing stop for the second lot after 10 pips target.
    I add the IB between 6:00 and 9:00 are the best.

  8. #8
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    Default

    Hi,

    sound very impressive, does anyone have an EA to share?

    Thanks to all.

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