DislikedYou got that right about Merlin. I love going over posts that were from around 04-06. Do yourselves a favor and read through. Thanks Mike, I know what I'm doing early tomorrow morning now.Ignored
Old FF was wayyyyyyyyy different
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedYou got that right about Merlin. I love going over posts that were from around 04-06. Do yourselves a favor and read through. Thanks Mike, I know what I'm doing early tomorrow morning now.Ignored
DislikedHi Que,
Comparing the length of your signal bar with ATR can be a good filter. Otherwise you end up with a lot of very ordinary signals that just wake you up for jack.Ignored
DislikedExplain the comparison and how exactly you would compare it and I can add it to the indicator.
QueIgnored
DislikedWhat bundy is getting at is technically speaking the bar below is a pin. But you would have to be nutty to trade that small bar against the huge moves. So if you somehow designate that the pin needs to be X amount of size based on ATR. Or maybe something like you can input minimum amount of pips for each pair you do. So for example a 4hr bar on gbp/chf I might input minimum bar size = 100 pips. Then I could change it at will as I see a market tighten or expand.Ignored
DislikedSo in your example if you looked back 3 bars and said the pin must be at least 75% of the sixe of any of those bars, it would not trigger.Ignored
DislikedYou might have noticed, but I like percentages as they are dynamic. Given your post, what if I did an option that said look x bars back (user config of course) and total pin size must be y percent (user config) minimum of any of those bars.
So in your example if you looked back 3 bars and said the pin must be at least 75% of the sixe of any of those bars, it would not trigger.
QueIgnored
Disliked*edit* comprehension fail.
That's why something like ATR is good.
I imagine that the only change you would need to make is to change it from 75% of any of the last x bar ranges to 75% of the average of the last x bar ranges.
Either way, this combined with push gmail is awesome. I am so glad there are people in here a hell of alot smarter than me that can do this stuff.Ignored
DislikedI suppose either would work, I personally would probably prefer a pip input for the bar. But I know nothing about this programming stuff
Best
MikeIgnored
DislikedI can easily make it both.
if greater than x % of ATR or Pip amount, whichever is greater. If you want to specify a pip amount you put the % to 0. Because the pip amount will always be greater than 0% of the ATR.
QueIgnored
QuoteDislikedI would appreciate any and all feedback. Please test this for me.
Que
Damn, I forgot to version control it. Make sure you get the one attached to this post please.
DislikedI just tried it and it seems to work fine I like the color coded ticks in the indicator window signifying a long or short...nice work.Ignored
QuoteDislikedI would be taking some off the table at the 1.6000, if I haven't already
DislikedYes, me also.
So there is a good chance others would do the same. I have used this idea to create a position long and have already taken profits off the table.
Good to hear from you Jarroo, I hope all is well with you.
DaleIgnored
QuoteDislikedI was wondering if this Weekly Double Inside Bar on the Eur/Gbp would have caught your attention.
Dislikedmike is spot on.
could easily see 0800 but if it hits 0850 and turns dont let it kill you.
that first bar high at 0850 was an old great pin bar.
jimIgnored
DislikedNice, I have only been watching the majors because of their liquidity, I think daily, weekly and monthly would be safe to trade and watch in the other pairs.
DaleIgnored