Trading without indicators

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05/21/2024 at 10:49 AM #232858 quote

shug
Participant

Average

The general idea was if i could calculate the miles traveled and retracement distance in points and convert them to miles i could figure out the overall destination of the big bank moves so I could figure out the reversal points accurately and make a lot of points from it, It works to a certain extent but there re deviations I couldn’t figure out, probably to do with trades like myself and others orders

05/22/2024 at 12:07 PM #232921 quote

UKCityGent
Participant

New

Hi All

London trader looking for some general chat about naked trading

Anyone active ?

10/26/2024 at 3:18 PM #239500 quote

neelpatel9
Participant

New

Hi everyone,

Does anyone know how I could have a running total of the pips I’ve accumulated while scalping? I want to remove the PNL value and only show the total pips for the day. Maybe there is some indicator that someone has coded that does this?

Kind regards,

Neel

10/26/2024 at 5:15 PM #239526 quote

neelpatel9
Participant

New

Hi UKCityGent,

Are you trading in a similar manner to what Shug described in the first post of this thread?

Neel

10/26/2024 at 5:38 PM #239527 quote
robertogozzi
Moderator

Legend
There you go, simply run it in Backtest:
```
MyLongConditions  = close CROSSES OVER  average[20.0](close) AND Not LongOnMarket
MyShortConditions = close CROSSES UNDER average[20.0](close) AND Not ShortOnMarket
TPmultiplier      = 2.0
IF MyLongConditions THEN
   BUY 1 CONTRACT AT MARKET
   SLprice = lowest[5](low)
   TPprice = close + ((close - SLprice) * TPmultiplier)
   SET STOP   PRICE SLprice
   SET TARGET PRICE TPprice
ELSIF MyShortConditions THEN
   SELLSHORT 1 CONTRACT AT MARKET
   SLprice = highest[5](high)
   TPprice = close - ((SLprice - close) * TPmultiplier)
   SET STOP   PRICE SLprice
   SET TARGET PRICE TPprice
ENDIF
tempPIPS     = 0
IF OnMarket THEN
   tempPIPS  = PositionPrice * PositionPerf / PipSize
ENDIF
StrategyPIPS = StrategyProfit / PipSize / PipValue
TotalPIPS    = StrategyPIPS + tempPIPS
//
Graph tempPIPS       AS "current temp PIPS" coloured("Fuchsia")
Graph StrategyPIPS   AS "accumulated PIPS"  coloured("Blue")
Graph TotalPIPS      AS "total PIPS"        coloured("Green")
GraphOnPrice TPprice AS "Target"            coloured("Blue")
GraphOnPrice SLprice AS "Stop Loss"         coloured("Red")
```
x-20.jpg
10/26/2024 at 6:21 PM #239535 quote

neelpatel9
Participant

New

Wow, that was quick thanks Roberto. Can I use this as an indicator when I’m manually trading?

10/26/2024 at 8:58 PM #239548 quote

robertogozzi
Moderator

Legend

Yes, but you need to keep the backtest open and updated trade after trade.

10/28/2024 at 7:37 PM #239638 quote

neelpatel9
Participant

New

Do I need the Premium version to do the backtest as I’m not seeing this option on my ProRealTime menu options?

10/28/2024 at 8:31 PM #239645 quote

GraHal
Participant

Master

No you don’t need the Premium version.

Do a backtest and leave the backtest running as – from that point on – the code runs on Demo Live data.

robertogozzi thanked this post

05/23/2026 at 8:32 AM #261483 quote

shug
Participant

Average

Contery to popular belief I’m still alive and kicking, i did suffer poor health for a while but back to 70%. Still trading wall st, great day yesterday! Still using same method of trading and still works great! I started trading at 5am uk time and didnt finnish until the close, a long day and a lot of trades!

GraHal and robertogozzi thanked this post

Screenshot-2026-05-23-072540.png

05/23/2026 at 11:42 AM #261484 quote

GraHal
Participant

Master

What % / proportion of the 147 trades were Shorts (if any)?

Just out of interest shug.

05/23/2026 at 5:29 PM #261485 quote

shug
Participant

Average

Hi m8, I answered you by email, I cant see it here, just to let you know I responded
thanks

GraHal thanked this post

05/24/2026 at 9:15 AM #261487 quote

GraHal
Participant

Master

Hi Shug
You did great-guns on Friday mate!
Glad to hear you’re back to 70% health-wise.
Can’t find your email, I’ll look again later.
Cheers
GraHal

05/24/2026 at 9:58 AM #261488 quote

shug
Participant

Average

90% of the trades I do are buy trades until a change of structure happens on higher timeframes, i eyeball the 4h for that and drop to 5m to trade, I started leaving trades longer and add to positions now instead of grabing profits on single trades. I trade sets of trades instead of single trades I also have the platform set to trade both directions at the same time with diffrent amounts and number of positions, if i initially get direction wrong I can manage all trades to make sure i’m out with profit. This means trading less a point initially and adding to trades that go in my faviour as the market moves. I could be on 3 trades in the wrong direction until the trend turns then be on up to 10 with the bigger move. If all 10 go into profit i close them and start again with trade 1 up to 10 again and tp again and again until the move is over. Its a good way of trading.
Thats it in a nutshell m8

GraHal thanked this post

05/24/2026 at 10:20 AM #261489 quote

GraHal
Participant

Master

HAHAHA NICE ONE!
Big similarities to how I trade manual also.
Smart strategy re less going wrong way and more going the right way!
For info to others reading this:
The ‘wrong way trades’ often turn around for a very short period and can then be closed at a small profit … provided of course you are in front of the screen, even on the App on phone while going to the toilet!!! 😀
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