Thanks Max for the indies.
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Dislikedyes we do need some indi's to get an idea of what the chart is telling us so i digged up simple but yet effective indicators that we could use as a guiding tool to go in the right direction, JUST CHOSE which ones are SIMPLE yet effective, it's better then Trading Blindly
Also see the Indi's attached below the images
-Supply/Demand indi's SupDem.ex4
-Pivot_DOTS.mq4...Ignored
Dislikedseller9 I also need your inputs as to how you will react or use this information to trade if you are 100 % sure of a tgt which is going to be hit.
I mean if you pre know that EU will hit 3300 when it is at 3050 how will this information be used in trading .
This is not connected to the EA implementation , just asking your opinion . Can the EA help us in any way if we know this information before hand.Ignored
DislikedI have seen the chart , it represents yesterday data to calc the pivot and based on that how todays trade fared .
The low of today 3105 as per my broker .
the pivot as shown in chart 3110 the day open 3108 taken from your chart so the rule is for a buy to trigger the price should cut from below .
here the price cuts 3110 from below to trigger the buy .
type of market is determined a pivot and of type normal as the open is near the pivot.
so the first trade kicks at break of 3110 for 30 pips so we hit 3140 .
alongwith chart if you...Ignored
Dislikedwe cannot know beforehand what the market will tell us with or without any indi's but we can speculate with the help of some simple indi's like the Pivots - S/R - ATR or ADR's - Fractals or Sup/Dem zones and obviously not forgetting PA which is the most important of them all especially when the price breaks either High/Low/Open/Close of previous Candles or simply a break of a PRICE RANGE CHANNEL based with HOUR criterias
i will post something later on based on seller9's chart that he posted and give my POV.
The most important...Ignored
DislikedOK, I agree with what you are saying, thats the way I see it and this is one of the rules I have coded in so far.
To this we may also want to add Normal Market = true so we only use this rule if its a Normal Market once we determine the rules for a Normal market.
if(YesterdayClose<PivotD && TodaysOpen<PivotD && Price Breaks up through Daily Pivot) = Buy Signal
Questions:
1) Should I leave the YesterdayClose in the rule or remove it and just use TodaysOpen above or below Pivot? I would think that they should be the same most of the time...Ignored
DislikedIf the price cuts the pivot from below multiple times a day, then we trade only the first cross, or trade the later ones too?
In the picture I made:
The first yellow marked candle cuts through the pőivot from below, so we open 3 long positions. All of these are reached their take profit levels in the next couple of candles. After that there is another cross from the bottom on the second yellow marked candle (on 1 min timeframe you can see that the price moved under the pivot and then came back up, and down again).
There are no open positions...Ignored
DislikedAt last we seems to be moving ahead and nice to see some beautiful questions..
OK, I agree with what you are saying, thats the way I see it and this is one of the rules I have coded in so far.
To this we may also want to add Normal Market = true so we only use this rule if its a Normal Market once we determine the rules for a Normal market.
if(YesterdayClose<PivotD && TodaysOpen<PivotD && Price Breaks up through Daily Pivot) = Buy Signal
Questions:
1) Should I leave the YesterdayClose in the rule or remove it and just use TodaysOpen above...Ignored
DislikedQuestion #3: So you are saying what ever the open is closest to (Pivot, R1, S1) will determine the type of market? So if the market opens above the pivot but below R1 but closer to R1 the market will be Strong Buy? Or does it have to open at or above R1 to be a strong buy market?Ignored
Dislikedzool here we are not concerned with time frame, only time frame is all should happen within the day . 1m 5m 15 m has no meaning here .
yes every time a price cuts from below a trade fires, you are correct if what you have stated happened within the time period of one day then it is correct .Ignored
DislikedI know that this method is independent from time frames, but on a daily candle you can only see if the pivot is crossed, and the tp1 or sl is reached.
When, how, and how many times the pivot cross happened only can be seen on lower timeframes (1 min or 5 min to be precise). That's why I mentioned the time frames I used to analyze yesterday's movements.Ignored
DislikedSorry to interject here. A little off topic but while Ultimate EA is being developed I thought of seeking some expert help here.
I am experiencing an excellent system with potential to give lots of pips but do not know how it would test over period of time. So need help develop an EA using better volume indi.
Here is my system for EA:
1) throw better volume chart bars v1.4 indi on H1 chart (shows all blue professional bars)
2) 1 or 2 bars after the blue professional bar close above or below it then EA gets ready to trigger trade. so...Ignored