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Attachments: Supernova GBP/JPY Mini Trend Catcher
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Supernova GBP/JPY Mini Trend Catcher

i hope it works, i just slapped it together in bout 30 minutes, i was surprised to see it actually test good

maybe this rr thing is what all the systems need
Quoting wolfeman
Man, I've been beating my head against the wall on this exact thing. For months I've been watching the results of the 1300 GMT action, and trying to get SN 1.7 to catch it. This is usually when I'm sleeping. I can't wait to give this a try. thanks bro....
  • Post #6,342
  • Quote
  • Edited Jan 16, 2009 9:02am Jan 15, 2009 10:12am | Edited Jan 16, 2009 9:02am
In the past 2 weeks I've read this thread with great benefit. As a forex beginner I learned a lot and it made my wish become stronger to give forex trading a serious try. However it left me with a lot of questions, too. May the gods of supernova trading hear my prayers and give me some answers.

1. Cryten, in the beginning of this thread you wrote, that you look for confirmation on 15min when trading the 5min. What do you mean by this? In the old days when trading the original supernova setup, were indicators just heading in the right direction (without crossing lines) enough confirmation for you? I know this may be a stupid question because it surely depends on many things like overall market conditions, experience and so on, but anyway I got the urge to ask you this.

2. Rick, you described a MM technique in this post. I'm not sure if I get it right (maybe I skpped the explanation). Could you give me a sample calculation?

3. @All, regarding money management: Can you give me a good read on outscaling and pyramiding?

4 .I'm a little bit confused about awesomes pivot analysis (day opens above daily pivot = buy day; day opens below daily pivot = sell day). In the past few weeks I did not find this to be a reliable. Is this due to the common heightened unpredictability of the markets these days or am I simply missing something here?

5. One more question regarding the FiboPiv indicator (v3): Is previous day's close in FiboPiv always the same or does it's calculation depend on the broker's server time?

Thanks again for sharing your wisdom and helping people like me to get a deeper understanding of supernova and trading in general.
Quoting trendchaser
i hope it works, i just slapped it together in bout 30 minutes, i was surprised to see it actually test good

maybe this rr thing is what all the systems need
Hey Trendchaser,

Thank you for your previous posts,
But I don't understand what RR stands for.
If you can be little bit more specific?

Thank you!
rr = risk to reward ratio

a 10 pip sl, with a 10 pips tp is a 1-1 rr

a 10 pip sl, with a 20 pips tp is a 2-1 rr

a 10 pip sl, with a 100 pips tp is a 10-1 rr

its hard to find a system with a 1-1 or better

most systems are less than 1-1 and require a 70-80% winn rate to survive
thats why so many lose

if you try a system with a 4-1 ratio, and a 70% loss rate
theres alot of potential
but most ppl would skip a setup like that, especially after they test it a few days and take loss after loss

the rr and mm (money management)
is likely the grail

patience to see the winns is a realy big hump to get over
it could take months of breakeven, maybe even losing, before you catch them big moves that bring you up

id say adjust your system to a decent rr
only trade at the highest probable times
if your losing, just keep with it
a 50% loss rate is alot of losing

im not sure the type of rr you can get with supernova, i guess it depends which tf your using

1 or 2 surgically placed trades a day is better than trading all day

im not as of yet a profitable trader, im just sharing what iv been seeing in my real life experience as i trade, seeing it and knowing it is diferent than doing it

iv posted forecast in the past, they were acurate, that doesnt mean i can trade them

i find it hard to make a plan and actually stick with it

the market knows just how to trick me
time after time i see that my first analysis was correct, but somehow i get psyked out during the process

i dont claim to know something you dont, im just stating that a good rr should help

Quoting perstoman
Hey Trendchaser,

Thank you for your previous posts,
But I don't understand what RR stands for.
If you can be little bit more specific?

Thank you!
OK I admit it. I'm an idiot but can anyone help me and save my sanity.
I have been trying to download the Supernova template and the QQE indicator on page 1 into my Metatrader platform wthout success.
I admit to being a computer moron and I am tryng to download these via the 'save target as' Program files/MT4/experts/ indcators and templates route wthout success. I don't know any other method.
If any of you guys can help I will bless you and your family for eternity
did you unzip them?

i just left click and a box pops up to save them

after unzipping them, and placing in the correct directory, they will not show in mt4 until you exit mt4, then restart it
Quoting thedave
OK I admit it. I'm an idiot but can anyone help me and save my sanity.
I have been trying to download the Supernova template and the QQE indicator on page 1 into my Metatrader platform wthout success.
I admit to being a computer moron and I am tryng to download these via the 'save target as' Program files/MT4/experts/ indcators and templates route wthout success. I don't know any other method.
If any of you guys can help I will bless you and your family for eternity
anothe possibility is if you have vista, theres security extras in the program files directory

instal mt4 in another directory besides there
Thanks
I do have vista
I will try yor advice and be back later
Blessings to you and all your family Trendchaser
i dont have vista, but iv seen the problem posted a few times
Quoting thedave
Blessings to you and all your family Trendchaser
TC,

thx for the times indi, will look into the settings this weekend.
Altered a bit too much, looks fancy

fixer
Attached Image (click to enlarge)
Click to Enlarge Name: 090116 times indi of TC.gif Size: 14 KB
Quoting trendchaser
incase any1 wants to use this indy for a ea
i coded the indy to set some global variables

heres the variables

tcmi_go_long 1
tcmi_go_short 1

2 means theres a signal

tcmi_sl 1.4251 this is where the arrows are
I'd like to try this out as an ea, but I haven't a clue how to . Could someone help with this possibly? I'd appreciate it!
the ea called tester_tools_v1 will trade it, its a few pages back
see the settings in editor

change this
bool trade_tcmi=false;

to this
bool trade_tcmi=true;

and it will trade the indy, the indy must be on the chart

i didnt find it profitable

like everything else it needs discretion
dont waste to much time on ea's

only after youv mastered trading manual, should you seek a ea as a tool only to help

the ea also trades xpma, but you dont need xpma, just t3

i dont know that the trading functions are still intact
far as sl, tp, exiting
Quoting ryale
I'd like to try this out as an ea, but I haven't a clue how to . Could someone help with this possibly? I'd appreciate it!
i was reading the james16 thread earlier today
i think using the pin bars and dbl top bottoms might be a great filter, or way of trading

i deciding to modify the ha indy to show them on the chart

thought id post it

theres 3 options just for pin bars

theres reglar, which seems best, not perfect but good
theres imperfect pins, lots of sigs
theres perfect pins, these happen rarely

the indy will show all patterns in this pdf


heres when a candle changes colors, some types are breakouts, some arent

a pin is a breakout, when the current bars hilo breaks, that bar is colored for ever

dbl low higher close, these are triggered and the following candle is colored forever

il post a few examples, the pin_example is the default rules
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pin_example.gif Size: 14 KB
Click to Enlarge Name: dblhlc_example.gif Size: 14 KB
Attached File(s)
File Type: mq4 candle_patters_v1.mq4   6 KB | 739 downloads
File Type: pdf Price Action Setups.pdf   45 KB | 949 downloads
sorry if im off topic, but im sure this will help you guys, if its only just a filter

maybe only trade on days that are like this

these pattern are supposedly only good on d1 and up, i believe the reason is the targets are fairly small

but on a smaller tf such as h1, you can use this at fibo retracements, such as the 50
Attached Image (click to enlarge)
Click to Enlarge Name: ib_example.gif Size: 12 KB
Thanks for posting.

In the backtest it only took one trade and it went straight to the ground! I think that means its not working right.

But I have been using the indicator manually, and I have something like 20 wins to 3 losses. And those losses are there only because I couldn't look at the chart to see the signal go away. So I thought if that was automated it work very well. To simply open on the first blue/red dot, and close at the first yellow one. Is that what this ea is doing?
i dont even remember, it probly messed up the ea's simple purpose, and i put stuff back, and it no longer manages exits, but the entry would still be there
Quoting ryale
Thanks for posting.

In the backtest it only took one trade and it went straight to the ground! I think that means its not working right.

But I have been using the indicator manually, and I have something like 20 wins to 3 losses. And those losses are there only because I couldn't look at the chart to see the signal go away. So I thought if that was automated it work very well. To simply open on the first blue/red dot, and close at the first yellow one. Is that what this ea is doing?
il work on this price action indy more over the weekend, refine the rules, add alerts
Quoting trendchaser
i dont even remember, it probly messed up the ea's simple purpose, and i put stuff back, and it no longer manages exits, but the entry would still be there
Ha, exiting is only somewhat important

I don't know if I'm just not seeing something, but if one was to have a trade on the entire time it was blue or red, you'd be in business. Skipping all the sideways action as well by having the yellow part.
Attached Image (click to enlarge)
Click to Enlarge Name: trend.jpg Size: 41 KB
sorry im so late in the game here, i have V14 beta and have been testing it but if someone can give me the setting that you all have and are using this would be a great help, maybe even if there is another version other than 14 that i missed along the way. trying to get up to speed on this and have read through most of the pages, great work to all, thanks for the help in advance!
john
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