I use Meta Trader 4 at FOREX.com.Is possible to install dashboard indicator to forex.com metatrader 4 platform? Thanks!
Craig Harris Stochastics Method
- #2,912
- Dec 3, 2010 6:18pm Dec 3, 2010 6:18pm
- Joined May 2008 | Status: Grand Poopaw | 1,488 Posts
Zax...
Quite honestly I love them both... but they have different purposes.
On the 21/233 method it is designed to make you 3 to 5 times more pips because when you see the 21 (yellow) come close to the 233 (dodge blue)... you look for it to move away from the 233 line. The 1st candle that crosses the 21 and closes is the set up candle. The second candle is the entry candle if it's the same color as #1. Enter on candle #2... as the trade progresses the candles will pull away from the 21 and then retrace back towards the 21 (stay in the original trade unless it crosses back over the 21 and if so exit the trade). When it turns back in the original direction away from the 21 & 233 you buy a 2nd lot... and continue buying every time that happens until it crosses back over the 21 headed tword the 233 and you exit all the lots. PIPS Galore
Now on the 5 method... When the 1st candle crosses the 5 it's a set up candle and the 2nd one is the entry candle. Enter the trade. When it crosses back over the 5 line you exit. Simple...
In the 21/233 method I usually have 3-5 re-entries before I exit them all. On the 5 method there is just 1 entry and exit unless your trading more than one lot.
I've got 6-8 charts up at one time. On the 21/233 method I pick a chart and start on the 5 min and run thru the 4 hour looking for a trade. If no trade I look at chart #2 the same way until I've gone thru all my charts... If I can't find a trade I switch to the 5 method and do the same thing looking for a trade.
Remember the HA Candles average 3-8 candles per swing. So if I get in on candle #2 I know I'm normally good for profit on candles #2 & #3 anyway and normally more. The Time is important however...
I'm in the Pacific zone. From about 10-11am the charts die off as far as swings go. It picks back up after 7-8 pm and is best during the London session. Longer swings then.
I'll post a couple sample charts below for the 21/233 and 5 methods.
Big E
Quite honestly I love them both... but they have different purposes.
On the 21/233 method it is designed to make you 3 to 5 times more pips because when you see the 21 (yellow) come close to the 233 (dodge blue)... you look for it to move away from the 233 line. The 1st candle that crosses the 21 and closes is the set up candle. The second candle is the entry candle if it's the same color as #1. Enter on candle #2... as the trade progresses the candles will pull away from the 21 and then retrace back towards the 21 (stay in the original trade unless it crosses back over the 21 and if so exit the trade). When it turns back in the original direction away from the 21 & 233 you buy a 2nd lot... and continue buying every time that happens until it crosses back over the 21 headed tword the 233 and you exit all the lots. PIPS Galore
Now on the 5 method... When the 1st candle crosses the 5 it's a set up candle and the 2nd one is the entry candle. Enter the trade. When it crosses back over the 5 line you exit. Simple...
In the 21/233 method I usually have 3-5 re-entries before I exit them all. On the 5 method there is just 1 entry and exit unless your trading more than one lot.
I've got 6-8 charts up at one time. On the 21/233 method I pick a chart and start on the 5 min and run thru the 4 hour looking for a trade. If no trade I look at chart #2 the same way until I've gone thru all my charts... If I can't find a trade I switch to the 5 method and do the same thing looking for a trade.
Remember the HA Candles average 3-8 candles per swing. So if I get in on candle #2 I know I'm normally good for profit on candles #2 & #3 anyway and normally more. The Time is important however...
I'm in the Pacific zone. From about 10-11am the charts die off as far as swings go. It picks back up after 7-8 pm and is best during the London session. Longer swings then.
I'll post a couple sample charts below for the 21/233 and 5 methods.
Big E
- #2,918
- Dec 4, 2010 1:15pm Dec 4, 2010 1:15pm
- Joined May 2008 | Status: Grand Poopaw | 1,488 Posts
Mili...
Which chart?
5 Method - When PA comes back to the 5ma...exit.
21/233 - If I can get 3 cycles on the trade I usually exit. See chart above. I Exit at consolidation. This method works great on all time frames. Just requires patience waiting for the proper set up.
I'll exit if the PA crosses over the 21ma... no matter if it's only 1 cycle but I've found it's usually good for 2-5 cycles.
Go back 6 months in your favorite charts and observe the trades and # of cycles. Studying the charts to learn is the best way.
Big E
Which chart?
5 Method - When PA comes back to the 5ma...exit.
21/233 - If I can get 3 cycles on the trade I usually exit. See chart above. I Exit at consolidation. This method works great on all time frames. Just requires patience waiting for the proper set up.
I'll exit if the PA crosses over the 21ma... no matter if it's only 1 cycle but I've found it's usually good for 2-5 cycles.
Go back 6 months in your favorite charts and observe the trades and # of cycles. Studying the charts to learn is the best way.
Big E