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TOPIC: 1 hour trading system

1 hour trading system for December 2013 28 Jan 2014 10:41 #1

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December was a losing month :(
7 Wins
12 losses
2 evens


dl.dropboxusercontent.com/u/4899609/december20131hour.png
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Last Edit: 28 Jan 2014 10:42 by remo.
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1 hour trading system for November 2013 28 Jan 2014 10:38 #2

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November was a wining month
13 Wins
9 losses
2 Evens


dl.dropboxusercontent.com/u/4899609/november20131hour.png
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1 hour trading system for October 2013 05 Nov 2013 21:10 #3

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This is the stats for the whole year for the 1 hour trading.

From November 2012 to October 2013 there has been

133 Wins
88 Losses
46 Evens

Not a bad system when you look at it this way.

so this system works over the long term . Not bad gains
ill let some one else do the real maths ;)
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1 hour trading system for October 2013 05 Nov 2013 20:29 #4

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October was a wining month
12 Wins
6 Losses
5 Evens


dl.dropboxusercontent.com/u/4899609/1hour5thnov.png
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1 hour trading system for september 2013 10 Oct 2013 15:20 #5

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September was a losing month :( We have had 3 losing months this year so still a good system overall
Here is the 1 hour trading system results for September
6 wins
10 losses
8 evens



dl.dropboxusercontent.com/u/4899609/1hourtradingseptember.png
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1 hour trading system for August 2013 01 Sep 2013 22:35 #6

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Here is the 1 hour trading system results for August
16 wins
7 losses
2 evens


dl.dropboxusercontent.com/u/4899609/1houraugust.png
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1 hour trading system for july 2013 31 Jul 2013 11:51 #7

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Heres the 1 hour system for the month of july. :cheer: :cheer: :cheer: :cheer: :cheer:

Wining Month
13 Wins
10 Losses
3 Evens


dl.dropboxusercontent.com/u/4899609/1hour31stjuly.png
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Last Edit: 05 Nov 2013 20:39 by remo.
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1 hour trading system for june 2013 01 Jul 2013 11:11 #8

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Heres the 1 hour trading system for the month of June.
If people have been following this since i first started to put them up then they would be up overall. B) Just look back through the charts that ive posted every month.
This system does require discipline but overall seems to have more wins than losses.
Very simple system but requires waiting for the first hour to finish and the hardest part is doing this every day at the same time....Can get boring but it does work over the long term.
Ill still put the charts up every month so as you can see how its doing. Its a shame i cant calculate exactly how well its done with regards to points but that would take ages to do hence why ive not bothered.
You can use this system on currency as well and use a diffent time to enter.Like the usdgbp...Certain times it performs better than other times...for example from 1pm-2pm using the same rules during this time. The reason this time may be good is due to all the news being released around this time.
try experimenting with this. B) B)

Wining Month
10 Wins
5 Losses
6 Evens


dl.dropboxusercontent.com/u/4899609/1hour1stjuly.png
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Last Edit: 05 Nov 2013 20:36 by remo.
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1 hour trading system May 2013 03 Jun 2013 08:34 #9

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Heres the 1 hour day trading wins and losses for the month of May
Wining Month
12 Wins
5 Losses
5 Evens

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Last Edit: 05 Nov 2013 20:34 by remo.
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1 hour trading system April 2013 02 May 2013 21:59 #10

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Below is the 1 hour day trading wins and losses for the month of april 2013
Wining Month
11 Wins
8 Losses
4 Evens

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Last Edit: 05 Nov 2013 20:33 by remo.
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1 hour trading system 17 Apr 2013 11:30 #11

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It'll be interesting to see if this plays out today ;)
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1 hour day trading technique..4thjan 04 Apr 2013 20:27 #12

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CT79 wrote:
Hi Remo,

would it be possible to post up the high and low of the first hour from Metastock today please?

Thanks
CT79


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1 hour day trading technique..4thjan 04 Apr 2013 18:29 #13

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Hi Remo,

would it be possible to post up the high and low of the first hour from Metastock today please?

Thanks
CT79
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1 hour day trading technique..4thjan 28 Mar 2013 13:38 #14

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March was very profitable.
Since the launch of chartsview ive been plotting the 1 hour trading so people can get an idea for themselves.

rough estimates since the start of chartsview.(based on the posted charts below)

Wins 58
Lossess 40
Evens 14

Ill keep doing this for the whole year so keep an eye out for the monthly records.
Its best to see how this performs over the whole year and not just the short term.
This was all based on not being greedy ;) ;) if you were greedy then the points wise it could have been a lot more :ohmy: :ohmy:
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1 hour day trading technique..4thjan 28 Mar 2013 13:23 #15

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march was a profitable month ;-)
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1 hour day trading technique..March 2013 28 Mar 2013 13:15 #16

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Below is the 1 hour day trading wins and losses for the month of March
Wining Month
16 Wins
3 Losses
2 Evens


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Last Edit: 05 Nov 2013 20:42 by remo.
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1 hour trading system for feb 2013 04 Mar 2013 11:58 #17

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This chart is for the whole of feb
Wining Month
9 Wins
7 Losses
3 Evens


dl.dropbox.com/u/4899609/1hour4thmarch.png
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Last Edit: 05 Nov 2013 20:56 by remo.
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1 hour trading system for jan 2013 04 Feb 2013 00:34 #18

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January has been a losing month.
This chart is for the whole of january.
Im showing this chart so that people can see that it aint always going to be wins.You will get losing months.
Its best to tweak the system to your own way.

Losing Month
3 Wins
10 Losses
6 Evens

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Last Edit: 05 Nov 2013 20:50 by remo.
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1 hour day trading technique...24th Dec 28 Dec 2012 21:35 #19

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Below is the 1 hour day trading wins and losses for the month of dec.
As can be seen this month has been overall down. This is due to the fact that the ftse has been near a major resistance level for most of it. This system is pretty good as long as you adapt it to avoid trading when near major resistance and support levels.
Losing Month
8 Wins
14 Losses
0 Evens

Previous 2 months have been really profitable



This is the 1 hour system with wins and losses from october.
You should be able to tell how well its done. You should be able to see from the chart how this performs when not in a major support and resistance area.

November
wining month
17 Wins
3 Losses
2 Evens



This is a bigger picture. Look how the ftse is struggling to clear the major resistance.
This looks like its gonna start to go down .


DYOR
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Last Edit: 05 Nov 2013 20:49 by remo.
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1 hour trading system 10 Dec 2012 09:25 #20

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For anybody doing the 1-hour trading system, here is the 5 minute FTSE chart:

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All share trading carries risk,
Ronnie
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Remo (and others) - 1 hour trading system 28 Nov 2012 09:49 #21

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Hi Remo, Definitely sticking to money management rules. Just acknowledging how easy it is for emotions and greed to get hold of a person and eventually lead to their downfall.
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Remo (and others) - 1 hour trading system 27 Nov 2012 17:47 #22

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It's simple really. :)
Use the 2% rule. ;)
If your capital is £ 1000 then using 2% means the maximum you should lose is £20
Then you look at how many points are targeted and say it was 20 points then you would
bet £1 a point. If its 40 points then 50p.

This is very important.
Don't lose more than 2% on any given trade. I've showed you these methods so as you can win in the market and not
lose your shirt. Don't get over confident. I've been trading a long time now and have seen many people come and go.
What's worrying is that your considering a short cut.
If you wanted to raise the stakes then make certain you raise your capital to allow the 2% rule.
Do not trade more than 2% of your trading capital at any one time.

Most people that lose in the stock market have done so as they were betting more than 2%.
Take all the rogue traders out there that burst the banks. They were betting ridiculous amounts .
Think about it.

It's that simple. :P

DYOR
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Remo (and others) - 1 hour trading system 27 Nov 2012 16:37 #23

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I have been trading only £2-£3 a point dependant on the size of the range.
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Remo (and others) - 1 hour trading system 27 Nov 2012 15:30 #24

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Amo,

I've been doing it since the 19/11. It has done very well. Are you trading £1 per point?

I alter the amount per point by looking at the hourly chart.

I then go between £2-£5 depending on the short term trend.

;)
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Remo (and others) - 1 hour trading system 27 Nov 2012 15:29 #25

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Imho u can do it but in the smart way, increase by let say 50p after few weeks of good trades
Ftse80
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Remo (and others) - 1 hour trading system 27 Nov 2012 15:16 #26

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This is continuing to work and I must confess I'm feeling greedy urges to increase my stake. I bets that’s when it would all go wrong.
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Remo (and others) - 1 hour trading system 23 Nov 2012 18:50 #27

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Mark PB wrote:
I remember a friend used to write programmes that would automate trades and I'm sure it was all done through IG but may be wrong. I am presuming it would be possible somehow to fully automate a system like this but wouldn't know where to even begin ?

As far as i know IG dont have that facility.
Maybe for there institution traders but not for the public.
Automated systems do exist thou and i think some big firms use it.
It would be so cool if we could do that. Sit on ourCENSOREDand rake in the money B) B)
Let the computer trade for you.
Metastock definitely dont have that function ether.
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1 hour trading system 23 Nov 2012 18:03 #28

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I think it should be possible to automate :huh:


As Remo said we will talk to metastock and see if they can come up with a way!
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Remo (and others) - 1 hour trading system 23 Nov 2012 18:00 #29

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I remember a friend used to write programmes that would automate trades and I'm sure it was all done through IG but may be wrong. I am presuming it would be possible somehow to fully automate a system like this but wouldn't know where to even begin ?
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Remo (and others) - 1 hour trading system 23 Nov 2012 16:45 #30

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I've definatley going to give Megastock a go in the new year when I have more time. Looking forward to it.
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Remo (and others) - 1 hour trading system 23 Nov 2012 16:12 #31

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viper.
if you like systems then metastock has quite a few of them but there not cheap but you can try them for free i think. They actually tell you when to buy and when to sell. Theres no fun in that personally for me. :P
Thats why there so good. Its more than just a charting software thou. People don't relies that part about them.

Try the free 2 months offer from chartsview when your ready.
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Remo (and others) - 1 hour trading system 23 Nov 2012 16:06 #32

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Viper wrote:
I see the focus has been on the FTSE for this system and it has worked well this month for the FTSE. On the DOW from my recollection is has not done that well. I expect it should have a similar strike rate which obviously may vary. Maybe the FTSE works better due to the expectation of how the DOW will open and trade and then when the DOW opens the confirmation pushes the FTSE in line with the trend.

Remo, is your chart that you did earlier today showing this system for the FTSE over the recent period an automatic scan or manual? I am just curious as if it can do things like that I really should be getting some decent software which I have been planning to for a while. I work full-time so end of day may be the best solution for price v my use, especially so as I expect to be having much more free time in a year from now.

Thanks

Hi viper
This is manually done by me.
I do like the idea of being automated .I may get that programmed by metastock. :) :) :)

This work quite well on the ftse due to less volitility. Its normally in a range from 15- 30 points in the first hour where as the dow can have a range from 50-100+ in the first hour so more likely to be in the trade longer so more chance of a bail out. For that reason ive only traded it on the ftse.
It should work on the dow as well thou but does need to be tested thoroughly.

dyor
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Remo (and others) - 1 hour trading system 23 Nov 2012 15:37 #33

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I see the focus has been on the FTSE for this system and it has worked well this month for the FTSE. On the DOW from my recollection is has not done that well. I expect it should have a similar strike rate which obviously may vary. Maybe the FTSE works better due to the expectation of how the DOW will open and trade and then when the DOW opens the confirmation pushes the FTSE in line with the trend.

Remo, is your chart that you did earlier today showing this system for the FTSE over the recent period an automatic scan or manual? I am just curious as if it can do things like that I really should be getting some decent software which I have been planning to for a while. I work full-time so end of day may be the best solution for price v my use, especially so as I expect to be having much more free time in a year from now.

Thanks
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1 hour trading system 23 Nov 2012 15:15 #34

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Amo wrote:
Another 17 points today. I hope you all remember to set this up :)

Remo good point about not getting greedy and changing the amounts you use. Crucial to stick to good risk management. I'm tempted to tell a friend about this but then I'm also worried he will get carried away as he has never traded before and has deep pockets. But if I keep quiet I feel like I'm holding stuff back. What should I do?

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Tell your mate, but trade it for him......dont forget to charge 25% of any proffits !!!! KI.
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1 hour trading system 23 Nov 2012 15:12 #35

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I think that's what I wanted to hear.

Nice one.
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1 hour trading system 23 Nov 2012 14:51 #36

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Keep it to yourself.
Trading is not for every one.
If a gambler tries this then they may think they no best and try normal trading and get themselves wiped out.
This system requires discipline and is not for everyone. If you start to get too confident that can lead to the dark side.
The problems will come when you get a whole week of bad trades. then you will start to doubt the system.Thats when you have to be strong.
Make your Million before you tell anyone.

DYOR
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1 hour trading system 23 Nov 2012 14:29 #37

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A demo account to trade for a week or two before going live would be a good suggestion?
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1 hour trading system 23 Nov 2012 14:24 #38

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Another 17 points today. I hope you all remember to set this up :)

Remo good point about not getting greedy and changing the amounts you use. Crucial to stick to good risk management. I'm tempted to tell a friend about this but then I'm also worried he will get carried away as he has never traded before and has deep pockets. But if I keep quiet I feel like I'm holding stuff back. What should I do?
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1 hour trading system 22 Nov 2012 18:24 #39

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Thanks for this - I will give this a go once it gets out of the sideways trading. I feel like I am learning so much on here and want to say a big thanks to Remo and to everyone sharing their trades and tweaks on different systems. I have had two successful trades this week - it makes a big difference to confidence levels as well as trying new trading areas to try - I hope to look at forex at some point as it looks interesting too.
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1 hour trading system 22 Nov 2012 16:42 #40

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Nice one Amo, good trading. KI.
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1 hour trading system 22 Nov 2012 16:01 #41

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It does work.
This month has been mainly profitable.
from the chart below you can tell when it gets tricky... B) B) Sideways times :oops: :oops:
The chart is for the past 20 trading days.


When the trend is clearly defined its pretty much profitable but once it goes into that sideways move then you do get a few losses with it.
Dont get greedy ,keep to the same quantity ;) ;) ;)


dyor
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1 hour trading system 22 Nov 2012 16:00 #42

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I was using it as well.

Fantastic Remo Setup. :cheer:

I didn't do it today, i thought with America not open it might not work! Never mind :( .

I'll try again tomorrow.
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1 hour trading system 22 Nov 2012 15:46 #43

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I've been using this system for nearly 2 weeks now and am pleasantly surprised by the results. I've put a quick table together to show how I've done.

Day Opened Direction Opening Closing P/L
Thu 08/11/2012 SELL 5801 5782.5 18.5
Fri 09/11/2012 SELL 5759 5734 25
Mon 12/11/2012 BUY 5784 5769 -15
Tue 13/11/2012 BUY 5750 5780 30
Tue 13/11/2012 SELL 5719 5749 -30
Wed 14/11/2012 SELL 5748 5729 19
Wed 14/11/2012 BUY 5767 5748 -19
Thu 15/11/2012 SELL 5681 5662 19
Thu 15/11/2012 BUY 5705 5680 -25
Fri 16/11/2012 SELL 5667 5651 16
Mon 19/11/2012 BUY 5657 5670 13
Tue 20/11/2012 BUY 5729 5751 22
Wed 21/11/2012 BUY 5744 5755 11
Thu 22/11/2012 BUY 5780 5792 12

So Total profit is 96.5 points. On one of the days I broke the rules by closing 6 points to soon so really the profit should be more than 100 points. Considering it takes me less than 5 minutes a day using my mobile I couldn't be happier with the way its worked to date. Many Thanks Remo. If the performance continues this way then you will definitely be on my Christmas card list :)

Thanks
Amo
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1 hour trading system 19 Nov 2012 11:16 #44

  • Monkeyz
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Thanks for the clarification on this one Remo!
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1 hour trading system 19 Nov 2012 11:01 #45

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If you increase the entry by 2 points then you can increase the stop by 2 points as well from the original stop area so that you helps in reducing the false breakout.
Obviously the targets have to to be adjusted.
dyor
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remo
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1 hour trading system 19 Nov 2012 10:36 #46

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Hi guys
dont carry over yesterdays closing price
Its the first hours price action that counts but if the price is close to yesterdays closing low price(by a couple of pips) then worth considering. Most times i would totally disregard the previous days closing price.
Also you have to tweak the system to suit yourself. For instance i place my longs on breach of 2 pips past the high of the first hour and vice versa for a short. This is done to factor in the resistance and support factor. It helps in reducing the false breakouts.

Heres a chart of the first hour area for today. Its only 16 pips your after. if you include the 2 pips past the high


Like i said before i dont use this system that much as i find it too boring. I prefer trendline and supports and resistance trades and conventional trading. :P :P

I do find that this system wins more than it losses.
I hope you guys do a thorough research on this.

DYOR
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remo
Last Edit: 19 Nov 2012 10:55 by ronnie.
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1 hour trading system 19 Nov 2012 09:27 #47

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I've interrupted the system as including the prior days close but could be wrong as it's not a system I've used before!

"If the share gaps down on the following day then i would take the high just before the close as an entry level for the high of the first hour trading if prices carried on going down in the first hour."

Obviously the above would be reversed for today's action on the ftse.

Remo - what are your views on this?
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1 hour trading system 19 Nov 2012 09:20 #48

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Monkeyz,

Is that how you do it? I've been using 8-9 high,low = range.

I use:

8-9 high 5661.8,
8-9 low 5645.8, = 16 points range.
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1 hour trading system 19 Nov 2012 08:52 #49

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Quite a large range from Fridays close to the close of the first hour on the ftse. Could there be an opportunity to go long after 9am? Or would you prefer the short option bearing in mind the 54 point move?



dl.dropbox.com/u/24866576/November%20201...00%20191112%205M.gif


1st hour trading method

Best,
M.
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1 hour trading system 14 Nov 2012 13:33 #50

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gclark25,

I am an Estimator/Surveyor. I am freelance, but work mainly for 1 construction firm, based in Essex.

Probably haven't crossed paths though, as looking at scotland for a holiday and its a long drive!! A long drive!!

Nice to hear others are in the same position.
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