The "One Candle" Rule (Podcast Episode 39)

[@mikeberb]

5:09 … When he says skip this is where the main discussion starts

[@raulchaparroUSA]

man you are watching this stuff right arounds the same time as me.

[@MikZenon84]

Question. What if it is your primary indicator that you are waiting on to catch up to your secondary indicator - does the one candle rule still apply?

[@quantum-q8j]

With the benefit of free time this system provides... I'm Sold!!!! Scalping the market it's hardwork specially waking up at 3:00 am for London Session in order to being able to go to work at 9 its exhausting...!!! Already testing the system and still have long way to go but like many others , already seeing more blue than red and that's priceless... VP my respect to you sir and at the end of the day you don't owe us nothing...!!!

[@dangelomack1]

same here

[@JoseGarcia-ww1bn]

Trade the daily chart then

[@philiptaylor2567]

I’ll give this strategy a try. I’ve basically been taking the trade even if it takes two or more days for the other indicators to catch up to my entrance indicator. I love having objective rules to follow. Take all emotion out of the game

[@Mwaura_Wa_Ngunjiri]

Thanks for the explanation VP. I had seen you answer about this one candle rule in one of the YT video comments. I have been using 2 candles since then but now I'm sticking with one candle. You're the man!

[@NoNonsenseForex]

Good catch!

[@haroldwhalen5878]

Much respect. Just found your channel now fully in. Started in 2009 also but fell away due to ppl telling me I was a fool .. this market really works with my personality. Love your advise. You shoot from the hip! And that's what I really like. The first video I watched was the big banks video. And right then I knew I should have went with my gut and kept at this. However it's never to late. And this work you're doing is going to keep me from making some of the mistakes I would've if I had started back in 09'. Just want to thank you and you are very appreciated brother!

[@dougleeker5831]

The hardest thing to do is ....nothing! Successful people are not wired that way. Good cast.

[@charlesoftherocks1264]

It's great when you mention something that I've started doing organically thru forward testing. It's confirmation that I'm improving as a Trader, and that the algorithm is effective! Your content has given me a solid trading struture. Thanks VP!

[@lokone303]

this episode needs a really big mark, i'm here after 3 weeks trying to state hard rules on my backtesting and i had the most doubts on backtesting volume indicators and was really helpfull. i was so entangled about when this rule aplies or not. Thanks man.

[@Mohale94]

"Go get it" - VP

[@Boelaap]

(Back)testing still so many indicators..............But a list is growing of some usefull and some amazing finds...Lot's of work but rewarding in many ways ! Thanks 4 your info VP !

[@jrthereaper]

VP you can creat a telegram group were by no one can send you massage and you link it in to ur twitter and you send the indicators to the members of the telegram group and when your done with ur channel you can delete the group, that’s a option if the website keeps stressing you out

[@rayern1982]

I have been waiting for this answer for like couple of weeks. Was a little bit worried as the podcast runs but relieved my testing method was not affected by this new piece of information. My backtest data now runs over 5000 lines of excel - got me months to test them out. I started with zero forex knowledge back in Nov 2018 and now everything just seems to get into shape. I would not have get to this point without all the pointers from VP. I cant say too much on the result because I have not even make a single demo trade even after 5 months of testing. The time shall come and I will let you know.

[@VilkasDe]

Loving 1 Candle Rule ! Makes things so much easier to back testing. Awesome VP !

[@ilmudunia3142]

I'm also wondering about this, ..when not all indicators are in agreement at the same time. Now I can put One or Two extra condition such as 'One Candle' rule, or 'pips max' or 'pullback at the entry price or etc. Thanks once again for a good sharing 👍

[@tooperfecthairextensionslt2451]

I need to go back through my testing and add these ones in then! Actually excited to see the numbers after this tweak, because in backtesting I didnt take the trade until all of them agreed on the first confirmation, i saw so many that I would have not been able to enter all agree the next day!!

[@corneltomescu8284]

Hi! Thank you. V.P. The rule is the road to discipline and is the only one that is making me to be able to get it at the right moment. Best wishes V. P. ! ! !

[@keithsproson4328]

That was a good question, and answer ,short but a lot depth in it , a key rule to know (eliminate the losing trade)

[@philipcoyne4985]

This forex Q&A has taken my algo to the next level, I've watched all the content before,, but decided to watch them all over again, thankyou so much VP, In my past I've spent quite a bit of money on a elliott wave courses, and found myself stairing at my computer screen for hours on end, trying to look for patterns in the market, that actually looking for trade setups, anyway just thought I'd share my experience, by the way I'm still back testing my algo, but I'm pritty conferdent, I'll make my system work sooner rather than later.

[@wynandmentz9532]

Thanks for this wake up answer. As I was busy back testing I came across this rule problem. What an easy trap to land in. Now I know! Have a good Christmas :)

[@musketier93]

Been implementing this condition VP. Good thing i still have my golden chance to ask a question. Thanks a lot!

[@danatarnowski5806]

VP, by chance I have listen to "The Game is Beatable" video. Your consistency and honesty comes through every time. Thank you.

[@11pke]

Appreciate your time, effort and explanation VP. Thanks again for another lesson

[@lucapuzzoli8363]

Great question on this podcast and great answer ! Thanks boss for passing on the knowledge

[@kithekacharles4735]

Answered. Thank you VP!

[@pablo__lb3638]

guys does one candle rule also apply to baseline entries?

[@ricky4682]

Nice.. this is really relevent to my current situation. I have a main indicator that tells me long or short however i havent managed to fully filter out consolidation.. i have minimised it as much as i could but have found through backtesting that the 1 candle rule definatley comes into play for false moves.. and waiting that 1-2.. 3 ive found and your done or missed.. really keeps you out of the trade.. read your charts people they can tell you the story..

[@pack-master9574]

What about if your just back testing C1 + C2 do they same rules apply

[@Riffrshittr]

thanks vp this podcast tweaked my strategy yet again very helpful little ones that make all the difference

[@1CarlAnthony]

Thanks VP - another gem of a podcast!

[@FXCORRELATOR]

yep agreed........if that first bar (that was not supported by all indi's) did move significantly and eat into your potential profit ...then forget it .....its not worth the FOMO risks......you get a lot of this across all timeframes - N

[@taylornathannnnnnnnn]

if 2nd confirmation indicator is giving a signal prior to Main confirmation indicator, is it still a go ? Like I know about one candle for them to catch up, but what about being early to the party?

[@BigMrToe]

Thanks VP for another great video. I completely forgot about the indicator until this video. Something to look forward too.

[@ivordengin]

I've noticed backtesting seems to be easier on the weekends as less cpu output ,thanks for the advice

[@danstone3673]

A collective groan heard around the world...blacklisted emails...algos hanging in the balance. Who says podcasts can't be full of intrigue and mystery? Awesome advice for a trade mulligan. Each little nugget to enhance the algo translates into less losing trades and more winning trades, and who doesn't like that? I wondered about this (as many probably have) with an itchy trigger finger hovering above the return key. This second chance tactic mitigates the urge to trade by "feel", commit FOMO trades and throw good money away which of course, are some of the cardinal sins perpetrated by the 99% and instead, keeps us true to following the RULES, adhering to the prescribed psychology and well, making informed decisions. I, and my ROI thank you, VP...

[@MrSerella]

Have your web administrator set you up a private mail server including mailman which is a mailing list software. Get a private domain name for this server. Get a VPS or Dedicated server that has enough resources to run your mailing list. Make sure he adds, SPF DKIM and DMARC to your dns settings. Check the ipaddress of your server against all blacklists, plenty of tools online, if its blacklisted ask your host to provide you with an ip address that is not. As your web developer to look into gmail postmaster tools to make sure your mailing list can be received by them.

[@kitchenspiral]

Great tips! Countless number of burned fingers from chasing the pips. Anxiously await your update whichever e-mail or on your forthcoming YT.

[@BxtaRebirthed]

What about if your baseline is saying not yet? Let's say... 5 candles ago your main 2 line cross indicator gave you an entry signal, and now the current candle crosses your baseline & lines up with everything else (but as I said, your 2 line cross main entry signal gave you an entry a couple candles ago & it's still in your favour)... as the baseline is also an entry signal would you enter?

[@NoNonsenseForex]

It's a green light, up to a point. I have a video on it, you're just not there yet.

[@zatamioilltd9625]

At 11:19 video stops. I tried over and over but it won't play beyond that point. Is it my connection or others experienced same?

[@Remanbalak]

zatami Oil Ltd it works for me

[@moses_njoku]

Shout out to howling wind! You the real mvp

[@NathanCollins]

Go to 5:08 to skip info about the email list.

[@stevesheppard6720]

In my back testing and now my forward testing I've found that even a 1 candle deviation reduced my win rate by almost 10%! For me it seems better to not trade unless all the stars align!

[@NoNonsenseForex]

And this is exactly why you test! Take note traders.

[@nehemaialord2653]

All stars are meant to align in the first place. The one candle rule is for when they don’t line up and you are given only one candle for them to catch up

[@KillaKam922]

Great Advice! Thank you for another great one VP!

[@snehalchopade3522]

Great Video 👍🏻 Thanks

[@yoginicolaus5125]

Damn, i feel so much behind after passing a week of your yt video. I Will be catch up soon. This information will worth in gold, thanks vp 👍

[@firewight1944]

Nice one mate, dropping more gold nuggets this week!

[@r.ibanez1186]

VP is the man 📈

[@burlwalker4374]

VP stay spitting game! Priceless sage wisdom.

[@Brentonlee007]

Thxs again VP was wondering what happened to the email now I cant wait to Thursday. Looking forward to it.

[@vincentlin1362]

Watching this one year later. What if your main confirmation says go and the rest of the indicators say go few candles ago. Do I still take this trade? Thank you

[@NoNonsenseForex]

Yes you do

[@patlim2188]

Vincent, is it typo error - the rest of the indicators say go few candles "later" ?

[@jeremiahcampbell2]

Well, I have a decision to make; do I stick with my current rules for triggering trades, which is giving me wins over 3/4 of the time, or do I continue to follow you to the T and change how I test and how I will trade? Part of me wishes I found your channel after you were done. ;) Keep it up brother. The NNFX Discord, specifically the private channels, might be a short-term solution to your email problem. These are highly motivated followers who can keep a secret and would take the most value from whatever you have to offer. Just a thought.

[@Canopusparadise]

this is my fav episode

[@davidmitchell9688]

Did the indicators referred to in this podcast ever get sent out? If so, where can I find it please?

[@chineseastrologyfiveelemen4121]

i guess it might depend on your back testing & forward testing result... the important thing is to follow the rule that you had when doing testing.. if your test shows it's ok to wait to enter trade, then you should enter trade. if your test show it's not ok, then don't. shouldn't it be this way?

[@adspro247]

Hi VP, if all the indicators tell me to buy/sell but the candle have not close yet, can we open the trade or we have to wait until the end of the day until the candle close?

[@nononsenseforexcryptohub7481]

Always wait for the close of the candle

[@mustafizurrahman7164]

Hello. Can you talk about momentum indicator?

[@2321brendan]

IT Madness. Thanks for the explanation , was looking for the indi but not sweating not getting it . All good

[@MRKINGCOLLINS]

How do you measure volume in forex? :-)

[@banksj54]

6:50 im pretty sure, you misinterpreted his the question they said that the "entry" indicator is a go but the "confirmation" indicator is NOT you flipped the two.

[@vojkovicferi9866]

I am still catching every peace of your puzzle (algorithm). I understand every details what you are talking, but my problem is how to apply it (indicators) to MT4. I need a litlle more time, because english is not my first language (Croatia). You be sure 100% that I am one of 10000 users, who really wants learn this, so VP thank you for everything.

[@ninog928]

Ciao brate! jos jedan hrvat ovdje. Jesi li na Discord?

[@vojkovicferi9866]

@@ninog928 Ej prijo,lipo je cut svoga !Pojasni to Discord

[@vojkovicferi9866]

@@ninog928Nisam tamo ,a jesi li ti trejder ,kako ide?Ja sam 4 + god, live client na A,Markets ,Prvi legalni i licencirani broker u HR-u!

[@haroldbauer8724]

If you can't install indicators to MT4 I honestly don't think you can be profitable using this system. That's like wanting to become a moto GP driver but struggling to drive a bicycle.

[@karalinefurby2505]

It’s a crazy world out there always trade with a smile😃 thanks VP

[@michaeldenzelloo9856]

Question starts from 6:00

[@TomKershaw]

Great rule, thanks VP.

[@adanma5189]

Thanks VP for the your tips. Your approach is helping us research and learn by force. Today I finally wrote down a trading plan😀 after months of being all over with no clear structure. As for your email list, unfortunately you may not be able to maintain a mail list of more than 2000 for free. Email list is an asset that pay back in the future but maintaining the huge list will cost some monthly $$.

[@mashroorsiddique724]

Great advice, VP !

[@coloaten6682]

It's Monday! Thanks VP1

[@erikwong3116]

Go get it Erik! Thank you VP!

[@bradleyt]

“The One Candle Rule” is simple yet very effective. Thanks VP!!! 🕯

[@angelus80ful]

Thanks VP.

[@tooperfecthairextensionslt2451]

Thanks VP!

[@artursantana3242]

Thanks amigo!!!

[@tikcook5404]

go to all OF about

[@wuyev]

its weird every successful forex trader iv talked to (which is two lol) have said price action is the way to go and it seems as if you are saying indicators are the way to go?

[@rahulchahal5360]

I was feeling ignored but understand email issues.

[@primoamoroso2814]

i knew it! i thought I was casted out of the tribe 🤣 we love you vp!

[@ohthefuture7618]

Howling Wind's basement tapes were the best. I liked Howling Wind before he was big.

[@charlestravis1078]

Have you tried Mailchimp? That's what I use.

[@AB-lf6gl]

Hey VP thanks for everything. If the email thing is bothering you why wouldnt u creat a Telegram channel that no one could talk only the admin which is you, so u can send the exclusive content.

[@johnathangrey3463]

Hell yeah. Lead the way sir!!!

[@johnathangrey3463]

"we power right in through!!" Sounds like "Down the British! We have not yet begun to fight. Don't shoot til you see the whites of their eyes.!!!" That's very poetic VP.

[@sarahs7425]

Thank you VP. Another excellent podcast. I think I have now found a good confirmation indicator but still struggling with the others. I am trying to find a 2nd confirmation that doesn't just say exactly the same thing as my first one.....

[@pedroseverin7224]

Hi VP, I did not recieve any email last friday (I really never recieved any email from you). How can I get that email? I already resubscribed to the mail list.

[@NoNonsenseForex]

LOL, did you listen to the podcast?

[@pedroseverin7224]

@@NoNonsenseForex Honestly, not completely. I remembered that last week we should have recieved something in our mails and started to look for the video and my emails if I recieved something

[@pedroseverin7224]

@@NoNonsenseForex Now I listened the full podcast, sorry. I'll be looking forward to my email or next thursday video :)

[@Fateh_88]

It is the exact answer i wanted ... i wasted my question for this answer VP .. Sorry But Thank You

[@ryuck2938]

Thanks Vp 🤙🏾 I have a question. Let'S Just say I already have a good result in the 28 pairs you mention. How to offer my system to a company or a person who wants to invest 😬🤑.

[@v2vboni]

One Candle To Rule Them All !!!

[@nunosoares1225]

Power VP💪🏼💪🏼👍🏻😃

[@enriquec.6255]

'ONE CANDLE RULE " AND BRIDGE TOO FAR" MAY BE ARE NOT SO CLEAR OR MAY BE IS MY ENGLISH. TWO DIFFERENT WAY TO CATCH UP THE ALGORITHM....BUT BOTH ARE IN CONFLICTING...

[@Gregamesh91]

As I understand it, the "bridge to far" is dealing with your baseline, so all your confirmation indicators lined up within the one day but baseline was under still...The "One candle rule" is dealing with your confirmation indicators and if your 2nd confirmation indicator didn't line up after the one day with the 1st confirmation indicator then the bridge to far rule is irrelevant because the trade has now become untradeable completely...Hope this helps

[@thomasknudsen4880]

anyone with a discord link?

[@tikcook5404]

go to all OF about

[@God__Is__True__4__Us]

Ok!!!!

[@mbaonianthony3837]

I would love to meet you

[@Vievhyperactief]

mbaoni anthony meto

[@tooperfecthairextensionslt2451]

Same!!!

[@andrewbrown4313]

I was actually thinking that way, then i thought to myself "i'm I breaking my own rules" then I stop, It was kinda hard to admit tho.

[@NoNonsenseForex]

Yeah, people are seldom 100% truthful when they backtest. This is why we forward test. Exposes this.

[@screenepic8824]

5:18 video starts from here

[@SovietFX]

I'm out from the market since February :( damn brexit

[@What..a..shambles]

Make it a video, why not 😁

[@-bnqe-3119]

Stick the Indi on you Blog - those who want it can get it there --- you make everyone Look & Search for indicators in any event so why bother sending one out now ???

[@NoNonsenseForex]

Thought about that, but better in video form I think. You'll see when it comes out.

[@ericros5784]

11:16

[@franciscojunior6841]

I can teach u how to upload on a Google Drive and then u attach the link below this youtube comments....😬

[@Mohale94]

First one 😁

[@pikachuu3842]

Haha second

[@hoggan_]

r/nononsenseforex