Hi Nexas. A question on stops. I understand the 2 pip under last swing as the norm. My question is, is there a Minimum SL to be respected? Same question regarding whether 4 or 8 range.
Thanks,
Darryl
Thanks,
Darryl
3 Bar Fractal with mid-bar and bar on each side 11 replies
Change indicator narrow range bar NR4 to wide range bar WR4 0 replies
Range Bar Trading with Nexas 62 replies
How do I determine what size range bar is comparable to a daily bar? 6 replies
Pin bar, pin bar, pin bar 0 replies
DislikedHi Nexas, and other contributors. Thank you for this Elegant method. Have digested most of the thread. I find it awesome.
It took me a while but finally got the charts dialed in. If I could share a youtube 9m video for proper installation of the "RangeBarChart v103a" for MT4 here: http: //www.youtube.com/watch?v=slyVGh7TXGo,
it is xlnt and it even shows how to easily set up multiple pip bar charts using one 1m chart.
OK, I have reviewed todays PA and just wanted to verify that...Ignored
DislikedHi Nexas. A question on stops. I understand the 2 pip under last swing as the norm. My question is, is there a Minimum SL to be respected? Same question regarding whether 4 or 8 range.
Thanks,
DarrylIgnored
DislikedHi Darryl,
For me I don't have a minimum, by definition, the bars themselves will ensure there is a minimum. I place 1-2 pips behind the swing as you say.
What we are looking for here is turning points in the market, back with the trend, if we are wrong we want to be out pretty quickly.
Does that make sense?
NexasIgnored
DislikedThanks Nexas for the great simple system. I've been using range bars for a year or so and wouldnt trade with any other chart.
Does anyone know of a MT4 range bar indicator that has an Email alert in it? I trade larger range bars in my main system but would like to have an email alert when a new candle appears. I'll share my range bar system if anyone is interested.
Thanks to all.Ignored
DislikedThanks Nexas for the great simple system. I've been using range bars for a year or so and wouldnt trade with any other chart.
Does anyone know of a MT4 range bar indicator that has an Email alert in it? I trade larger range bars in my main system but would like to have an email alert when a new candle appears. I'll share my range bar system if anyone is interested.
Thanks to all.Ignored
DislikedAttached is an indicator I threw together that plots four horizontal lines on the chart, two above and two below current price. They mark the location where a new bar will open (and where the bar after that will open assuming it continues in the same direction). They slide up and down as the size of the current bar changes.
I use it so that I can better anticipate the opening of the new bar as well as to see where that open will be in relation to other indicators on the chart.
Attachment
The code looks to see what size your range...Ignored
DislikedPut a simple 3 bar MA (set to close and shift it 3) on your chart. If the bar crosses the MA and closes the correct color take the trade. Scalping at it's most simple. SL behind the signal bar. TP up to you. (semafor just to keep an eye on hi's and lo's) If MA goes flat = sideways no trend no trade. Stop when your profit target for the day is reached and go play.Ignored
Disliked
It took me a while but finally got the charts dialed in. If I could share a youtube 9m video for proper installation of the "RangeBarChart v103a" for MT4 here: http: //www.youtube.com/watch?v=slyVGh7TXGo,
++++++++++++++++++++++++++++++++
Hi GG99
Here's range bar indie and video on how to.Ignored
DislikedGreat and interesting system here. I will be following along and demoing this method.
Just trying to find a good range bar indicator for MT4 charts.
Nexas, just a word to you. I love that you are so willing to help and show what you have been having success with. I hope that it returns to you in kind.Ignored
DislikedPut a simple 3 bar MA (set to close and shift it 3) on your chart. If the bar crosses the MA and closes the correct color take the trade. Scalping at it's most simple. SL behind the signal bar. TP up to you. (semafor just to keep an eye on hi's and lo's) If MA goes flat = sideways no trend no trade. Stop when your profit target for the day is reached and go play.Ignored