[firewight]

It seems there is something special about the 1st trading day of the month..I maybe be wrong but from little observation and tests that i run on the 1s trading day of May and June , results are very impressive..On 2nd May which was the first trading day of May , I opened a multiple basket with the monthly(43200) signals and in about 3 days i made a whooping 19000 pips ...I was curious so I decided to run another test on the first trading day of every month since May and keep records for better confirmation of this scenario..I opened a multiple monthly basket on 1st June which is first trading day of June and here is my result.Very impressive I must say..I dont think it is a coincidence that the monthly and weekly signals opened on the 1st trading day of the month performs so well..


MY SETTINGS
TIMEFRAME SIGNALS =43200(MN)
Trend filter ON..Use previous Monthly(MN) candle as filter
LEVEL 5 (FF , TF , FT)
LEVEL 6 (FF , TF , FT)
LEVEL 7 (FF , TF , FT)
LEVEL 8 (FF , TF , FT)
LEVEL 9 (FF , TF , FT)
LEVEL 10 (FF , TF , FT)

TIMEFRAME SIGNALS =43200(MN)
Trend filter OFF .Use previous Monthly(MN) candle as filter
LEVEL 5 (FF , TF , FT)
LEVEL 6 (FF , TF , FT)
LEVEL 7 (FF , TF , FT)
LEVEL 8 (FF , TF , FT)
LEVEL 9 (FF , TF , FT)
LEVEL 10 (FF , TF , FT)

NB:All baskets were opened at 9AM GMT

I think this 1st trading day of the month is a pattern that can be explored..

My May baskets all reached their peak within a few days of the monthly open, after which they slid backwards into quite some DD, before returning into moderate profits by the end of May, so there definitely seems to be an early surge at the start of the month. From what I have seen so far anyways!

[firewight]

This is current state of weekly basket opened on the 1st trading day of June 2017.

MY SETTINGS
TIMEFRAME SIGNALS =10080(W1)
Trend filter ON..Use previous Monthly(MN) and Weekly(W1)candle as filter
LEVEL 5 (FF , TF , FT)
LEVEL 6 (FF , TF , FT)
LEVEL 7 (FF , TF , FT)
LEVEL 8 (FF , TF , FT)
LEVEL 9 (FF , TF , FT)
LEVEL 10 (FF , TF , FT)

TIMEFRAME SIGNALS =10080(W1)
Trend filter OFF .Use previous Monthly(MN) and Weekly(W1)candle as filter
LEVEL 5 (FF , TF , FT)
LEVEL 6 (FF , TF , FT)
LEVEL 7 (FF , TF , FT)
LEVEL 8 (FF , TF , FT)
LEVEL 9 (FF , TF , FT)
LEVEL 10 (FF , TF , FT)

NB:All baskets were opened at 9AM Gmt..

I wish there was a way to go back in time to backtests the monthly and weekly signals for the 1st trading day of every Month and using all these settings..Green pips ALL

Looks good! I was wondering about the starting on June 1 though, being a weekly basket its not the start of the week, or are you going 7 days from the first of the month, and so on?

[Geko]

Hi Guys,

I will check the latest messages and results later today, if not tomorrow as I have to go out for the moment.

Before to leave, just a quick question:

I can see that some of you are sharing some results. Now that we have some great tools to trades this strategy, testing and comparing results will be the crucial part. As you can see in the forum, I have created a thread dedicated for my results where I am the only one who can post. It makes it easier to follow my tests and results, compare and track them.

I think organizing, sharing and comparing results will be of great help for all of us to find the best settings.

So here the question: do you want me to create some dedicated thread for those who wants to share results (by dedicated I mean thread where you are the only ones who can post).

Before to create those thread, I have to check if and how it is do able first.

[forexpinbar]

First trading day of the month is what I consider..I dont pay attention to whether it is the first trading day of the week in the month or not..First trading day is my primary concern..hope explanation is clear..

This is current state of weekly basket opened on the 1st trading day of June 2017.

MY SETTINGS
TIMEFRAME SIGNALS =10080(W1)
Trend filter ON..Use previous Monthly(MN) and Weekly(W1)candle as filter
LEVEL 5 (FF , TF , FT)
LEVEL 6 (FF , TF , FT)
LEVEL 7 (FF , TF , FT)
LEVEL 8 (FF , TF , FT)
LEVEL 9 (FF , TF , FT)
LEVEL 10 (FF , TF , FT)

TIMEFRAME SIGNALS =10080(W1)
Trend filter OFF .Use previous Monthly(MN) and Weekly(W1)candle as filter
LEVEL 5 (FF , TF , FT)
LEVEL 6 (FF , TF , FT)
LEVEL 7 (FF , TF , FT)
LEVEL 8 (FF , TF , FT)
LEVEL 9 (FF , TF , FT)
LEVEL 10 (FF , TF , FT)

NB:All baskets were opened at 9AM Gmt..

I wish there was a way to go back in time to backtests the monthly and weekly signals for the 1st trading day of every Month and using all these settings..Green pips ALL

Looks good! I was wondering about the starting on June 1 though, being a weekly basket its not the start of the week, or are you going 7 days from the first of the month, and so on?

[forexpinbar]

Good Idea....Makes sense

Just a note for later: I was thinking at the virtual basket.

Mine was not triggered yet. In order to trigger a basket the min pips coutn must be >= at xxx pips.

Here the idea, what if the max pips count never go above 0 or barely?

What about triggereing the basket with inversed signals ?

Let's keep that in mind...

PS: to be able to see if the approach is valid we need another info: what is the ending pips count per time slot. I have just added this info, it will be able in next update to be released:

EN.png

[forexpinbar]

Virtual basket working pretty welll....Doing some VB test with 15minutes VB monitor..Looks good..You are a genius Geko and thank you for the great work..

Hi Guys,

Post 1 updated with Dashboard V 1.07.

This is a major update:

Dashboard version:
================================
When you load some preset files, the string (text) values are stored in the files and that’s what you see.

To be sure of the Dashboard version used the best way is to look at the bottom left:
version.png


Button “ALL”:
================================
Onclick, the button “All” open all valid signals.

The initial version of this button was buggy. In order to open manually the trades with the button, the DB has to bypass some filters and there was the bug.

To have it working properly, I had to completely modified the way to manage it, and I had to code an additional filter.

In the Dashboard’s standards filters, there is a post trade security timer to avoid issues when trades are sent to the broker. Each time a trade is sent to the server there is a security timer during 60 seconds which avoid to open new trades during this time, the time to get an answer from the server and avoid potential unlimited number of trades.

In the previous first attempt to code this “All” button, this security timer was bypassed. Now it has his security timer also.

I thought it would have been easier to code this simple function a good lesson, those filters are not that easy to bypass


Candle Direction Filter:
================================
As advised and requested by John, the Candle direction filter can be displayed on screen only. When they are used to filter trades a status will appear below them:
bar.png


Virtual Baskets:
================================
The latest version of the Dashboard includes a new Virtual Basket mode which can trigger trades.

Strategy 3 and 4 are using some virtual baskets to trigger trades.

Strategy 3 is using the signals from strategy 1 to trigger trades.
Strategy 4 is using the signals from strategy 2 to trigger trades.

The general concept is to open some Virtual Baskets at the beginning of each new hour and to monitor the minimum pips count. At the beginning of the new hour If the minimum pips count of the previous hour is >= to 0, then, a real basket is open.

Some back tests were showing some interesting results with this approach which needs to be confirmed. Having a minimum pips count >= 0 mean that there is some momentum and strength in the market as the basket never went into drawdown (or almost not) for a period of time.

This concept was back tested and created around the 1 hour timeframe, but the Dashboard allow the usage of other timeframes as well.

The preliminary results based on back tests done on Excel were really impressive and off course they need to be confirmed with forward testing as those back tests were not using tick data and were based on 1 hour data…

@ Forexpinbar and the trader at the origin of this idea: you might want to gives additional infos about this idea and potentially share screenshots
vb.png


This virtual basket mode is a beta version which need to be tested…

More information’s about the VB settings are available in the PDF user guide.

That’s it for the moment.

I hope we are going to have fun with all these new features.

[forexpinbar]

VB

[firewight]

First trading day of the month is what I consider..I dont pay attention to whether it is the first trading day of the week in the month or not..First trading day is my primary concern..hope explanation is clear..

This is current state of weekly basket opened on the 1st trading day of June 2017.

MY SETTINGS
TIMEFRAME SIGNALS =10080(W1)
Trend filter ON..Use previous Monthly(MN) and Weekly(W1)candle as filter
LEVEL 5 (FF , TF , FT)
LEVEL 6 (FF , TF , FT)
LEVEL 7 (FF , TF , FT)
LEVEL 8 (FF , TF , FT)
LEVEL 9 (FF , TF , FT)
LEVEL 10 (FF , TF , FT)

TIMEFRAME SIGNALS =10080(W1)
Trend filter OFF .Use previous Monthly(MN) and Weekly(W1)candle as filter
LEVEL 5 (FF , TF , FT)
LEVEL 6 (FF , TF , FT)
LEVEL 7 (FF , TF , FT)
LEVEL 8 (FF , TF , FT)
LEVEL 9 (FF , TF , FT)
LEVEL 10 (FF , TF , FT)

NB:All baskets were opened at 9AM Gmt..

I wish there was a way to go back in time to backtests the monthly and weekly signals for the 1st trading day of every Month and using all these settings..Green pips ALL

Looks good! I was wondering about the starting on June 1 though, being a weekly basket its not the start of the week, or are you going 7 days from the first of the month, and so on?

Actually I was talking about the weekly basket you posted, not monthly... So how do you treat following weekly baskets? 7 days after the first one which started on the 1st June which is a Thursday, or just week to week?

[forexpinbar]

First trading day in the month..As simple as that..

First trading day of the month is what I consider..I dont pay attention to whether it is the first trading day of the week in the month or not..First trading day is my primary concern..hope explanation is clear..

Looks good! I was wondering about the starting on June 1 though, being a weekly basket its not the start of the week, or are you going 7 days from the first of the month, and so on?

Actually I was talking about the weekly basket you posted, not monthly... So how do you treat following weekly baskets? 7 days after the first one which started on the 1st June which is a Thursday, or just week to week?

[firewight]

First trading day in the month..As simple as that..

First trading day of the month is what I consider..I dont pay attention to whether it is the first trading day of the week in the month or not..First trading day is my primary concern..hope explanation is clear..

Actually I was talking about the weekly basket you posted, not monthly... So how do you treat following weekly baskets? 7 days after the first one which started on the 1st June which is a Thursday, or just week to week?

For MONTHLY, what about WEEKLY?

What am I not understanding here? Weekly implies you trade it one per week, is that not the case?