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Attachments: Nb 10.0 trend trading system
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Nb 10.0 trend trading system

OK prices have now finally retraced to where you can Sell/buy back into the trend or take the BO into a new direction. I have the IO EA on the following:

USD/CHF
GBP/NZD
GBP/CHF
GPB/AUD
EUR/NZD
EUR/AUD

And example picture would look like this:
Attached Image (click to enlarge)
Click to Enlarge Name: usd chf.gif Size: 24 KB
Quoting Mediator
now they do

but did not tested it
Let me know if they work and I will post them on PG1 Post 1
Quoting nanningbob
.....Getting a dashboard to recognize and change during a candle to me is the tricky part. I can see it on a chart but writing that into code to me is more difficult. The 2nd difficulty is the candles with huge wicks, then we may use the body of the candle to determine its break into a new run. So how to do the dashboard on a present candle? The only way I can think of is the dashboard gives us the previous candle and changes on the present if it breaks the previous swing high/low or the line. For example you may want two columns that indicate...
Hi Bob,

I changed the Dashboard with these rules:

For the previous candles:

 

  1. If Open,High,Low,Close are outside the lines, it's a UT,DT- otherwise it's a RT.


For the present candle:

 

  1. If the previous candle was an UT/DT and Open,High,Low,Bid are outside the lines it's also an UT/DT wether the Bid is higher/lower than the previous High/low or not.
  2. If the previous candle was a RT and Open,High,Low,Bid are outside the lines and the Bid is higher/lower than the previous High/low it's an UT/DT.
  3. If the previous candle was a RT and Open and Low are INSIDE the lines, and High and Bid are above, it's a break-out-up (BOU)
  4. If the previous candle was a RT and Open and High are INSIDE the lines, and Low and Bid are underneath, it's a break-out-down (BOD)
  5. If Bid breaks a previous High/Low inside the lines it's a BOU/BOD (are you sure about this?)

Did I get that right ?

Cheers
osthafen

Attached Files
File Type: mq4 NB 10.0 Dashboard.mq4   8 KB | 815 downloads
File Type: tpl nb 10.0 dashboard.tpl   < 1 KB | 672 downloads
Quoting Forethan
Thanks for sharing this!!!
But what does means swaplong ans swapshort???
@Forethan,

if you hold a position over night (about midnight/server-time) it will be rolled over to a new value date. As a result, positions are subject to a swap charge or credit (negative values are a charge).
Some brokers have high charges on some pairs if you're going short over night, so you might not want to trade these pairs.

osthafen
Below is an example of a challenging area in the system for setting up a trade, which I have some indecision on. The EUR/JPY is 3 days of candles in DT, so options would be:

1. Put on the 1HR Re-entry Sell EA. Issue here is it is already 3 days in DT and easily can snap back in reversal to retrace.

2. Put on the daily recovery EA. This would be counter trend, but perhaps less risk on DD vs. the late trend trade.

3. Wait for the pair to move to the center of the 2MA and 8MA for the Breakout EA.

4. Use a 1H or 4H CTR EA to counter trade back up to the 2MA. On a fairly volatile pair, lots of risk there.

Wanted to see how others are handling this set-up. I have chosen to just wait for option 3 and only take trend trades on Day 1 of the trend. I did take a trend trade on day 3 as you see from the chart, but reflecting on this, more risk exists the more days go by in DT.

George
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy daily.gif Size: 25 KB
Quoting osthafen
Hi Bob,

I changed the Dashboard with these rules:

For the previous candles:

 

  1. If Open,High,Low,Close are outside the lines, it's a UT,DT- otherwise it's a RT.


For the present candle:
[list][*]If the previous candle was an UT/DT and Open,High,Low,Bid are outside the lines it's also an UT/DT wether the Bid is higher/lower than the previous High/low or not.

is this reduntand?
Quoting Mediator
is this reduntand?
Somehow. But the present candle needs more rules than the previous ones. So it's considered if Bid is higher/lower than the previous high/low. Only if the previous candle was allready an UT/DT high/low is not used.
I changed the Dashboard with these rules:

For the previous candles:

 

  1. If Open,High,Low,Close are outside the lines, it's a UT,DT- otherwise it's a RT.

YES

For the present candle:

 

  1. If the previous candle was an UT/DT and Open,High,Low,Bid are outside the lines it's also an UT/DT whether the Bid is higher/lower than the previous High/low or not.

Yes because price may just be resting a bit before going on. The biggest thing to look for is called the engulfing candle that dwarfs those around it. Price many times will rest or RT for a while after one of those.

 

  1. If the previous candle was a RT and Open,High,Low,Bid are outside the lines and the Bid is higher/lower than the previous High/low it's an UT/DT.

Yes but do not include the Sunday candle.

 

  1. If the previous candle was a RT and Open and Low are INSIDE the lines, and High and Bid are above, it's a break-out-up (BOU)

See explanation below but you also need a BO from the previous swing high or low to have a BO.

 

  1. If the previous candle was a RT and Open and High are INSIDE the lines, and Low and Bid are underneath, it's a break-out-down (BOD)

A high above aline and a low below a line are always RT unless you have a very compelling fundamental reason not to think that. For example a news story just broke and price is taking off like a jet. Then you go with the flow.
I only consider this a BO if price goes past the last swing high or swing low. I showed a pic of the eur/usd where price just keeps moving up and down past the two lines. When price BO out from that range then you can have a trend direction.

  1. If Bid breaks a previous High/Low inside the lines it's a BOU/BOD (are you sure about this?)

Inside the lines is always RT but you are looking for a BO. You can choose to BO in either direction or BO in one direction.
Did I get that right ?

Cheers
osthafen

Quoting George Adams
Below is an example of a challenging area in the system for setting up a trade, which I have some indecision on. The EUR/JPY is 3 days of candles in DT, so options would be:

1. Put on the 1HR Re-entry Sell EA. Issue here is it is already 3 days in DT and easily can snap back in reversal to retrace.

2. Put on the daily recovery EA. This would be counter trend, but perhaps less risk on DD vs. the late trend trade.

3. Wait for the pair to move to the center of the 2MA and 8MA for the Breakout EA.

4. Use a 1H or 4H CTR EA to counter trade back...
i'm countertrading it with the 1hr ea...
gys a coupl of days (maybe next monday) ill release phover dashboard etc!
till now amazing: in 3 days 13,5% trading a 1 lot for 100k capital...
Quoting George Adams
Below is an example of a challenging area in the system for setting up a trade, which I have some indecision on. The EUR/JPY is 3 days of candles in DT, so options would be:

1. Put on the 1HR Re-entry Sell EA. Issue here is it is already 3 days in DT and easily can snap back in reversal to retrace.

2. Put on the daily recovery EA. This would be counter trend, but perhaps less risk on DD vs. the late trend trade.

3. Wait for the pair to move to the center of the 2MA and 8MA for the Breakout EA.

4. Use a 1H or 4H CTR EA to counter trade back...
Or do not trade. I waited for price to come back inside if I see large distance between the lines and price. Knowing the fundamental behind the move helps. If you say I know no major fundamental then probably price is not going to keep going. So playing the retrace is helpful.
Quoting The flame
i'm countertrading it with the 1hr ea...
gys a coupl of days (maybe next monday) ill release phover dashboard etc!
till now amazing: in 3 days 13,5% trading a 1 lot for 100k capital...
yeh im thinking ill only use the 1hr EA its like what i wanted for the 60x90 system but more dynamic with price... is it possible in the code to change the timeframe and allow re-entries? its be a dream to bot this on audnzd and audcad etc
Grabbing the bull by the horns!
Quoting The flame
i'm countertrading it with the 1hr ea...
gys a coupl of days (maybe next monday) ill release phover dashboard etc!
till now amazing: in 3 days 13,5% trading a 1 lot for 100k capital...
13.5% ?? typo error here. I count on EJ chart for past 3 days.. maxium 400 pips by 1H CTR. This translate into abt $4000, 4% only.
Quoting earthca
13.5% ?? typo error here. I count on EJ chart for past 3 days.. maxium 400 pips by 1H CTR. This translate into abt $4000, 4% only.
talking about the system in general with 20 pairs..no typo at all..
tp af 40 pips, trail after 25 with a step of 2
there u go mate:
Attached Images (click to enlarge)
Click to Enlarge Name: DetailedStatementprova.gif Size: 6 KB Click to Enlarge Name: temp2.jpg Size: 438 KB
what do you mean by step of 2?
Grabbing the bull by the horns!
Quoting whitegoodman
what do you mean by step of 2?
at 25 be, 27 save 2 pips, 29 4pips, 31 6 pips and so on..
Quoting The flame
at 25 be, 27 save 2 pips, 29 4pips, 31 6 pips and so on..
oh i see, do you use re-entries? ie averaging the position down?
Grabbing the bull by the horns!
if i see a setup i take my 40 pips and move on...
i took 1 L2 on eurchf because it was time to!
Quoting The flame
at 25 be, 27 save 2 pips, 29 4pips, 31 6 pips and so on..
good setup - do you use a special MPTM-EA for this ?
just phover's dashboard...it has a lot of features!
Quoting The flame
if i see a setup i take my 40 pips and move on...
i took 1 L2 on eurchf because it was time to!
I am looking forward to the dashboard release. Would you be willing to share your settings file for the ea or are you just using default except for 40 tp and trailing stop?
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