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Attachments: High Level Accuracy Method – “3-bar pattern Indicator/Alert”
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High Level Accuracy Method – “3-bar pattern Indicator/Alert”

Quoting dokopy
{quote} Now is a good time to describe your system on D1.
That's easy, there are Daily 4 signals:

1. 4-Bar continuation
2. 3-Bar reversal
3. Inside Day
4. Pin Bar

I may or may not take a signal depending on many things, price action, news, having a bad hair day, slept in, etc.

Joking about bad hair day, I don't have any, hair that is, lots of bad days. But never any fear of missing out, take it or leave it.

For instance, didn't take anything today, just thought there might be market stall or more reversing, sure enough, some Dollar weakness.

Stop Loss is 1 x ADR (10) -10 or more pips, say if it is 80 to 85, then SL is 70

Take Profit is 2 x the Stop Loss, so if it is 70, then TP is 140

Trailing Stop is immediate and the same as the Stop Loss, this is why you will see many trades stopped out for small amount.

If it moved 90 pips, and the Stop Loss and Trailing was 70, and price reversed, then it will exit at +20 pips.

Risk started at 0.01, then moved to 0.02 and now 0.03, so increase maybe at every 2 months or +$500.

It's a long and slow process, many will not be able to apply this or stay focused long enough to get results.

Here are this week's trades, hope that helps.

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If you chase two rabbits, you will catch neither one!
BRAIN.SURGERY Return This Year: 23.3%
Quoting Erebus
{quote} That's easy, there are Daily 4 signals: 1. 4-Bar continuation 2. 3-Bar reversal 3. Inside Day 4. Pin Bar I may or may not take a signal depending on many things, price action, news, having a bad hair day, slept in, etc. Joking about bad hair day, I don't have any, hair that is, lots of bad days. But never any fear of missing out, take it or leave it. For instance, didn't take anything today, just thought there might be market stall or more reversing, sure enough, some Dollar weakness. Stop Loss is 1 x ADR (10) -10 or more pips, say if it...
Thanks for sharing this Erebus!

Trading is simple as that, no need for anything else.

Wonderful!
Quoting Erebus
{quote} That's easy, there are Daily 4 signals: 1. 4-Bar continuation 2. 3-Bar reversal 3. Inside Day 4. Pin Bar I may or may not take a signal depending on many things, price action, news, having a bad hair day, slept in, etc. Joking about bad hair day, I don't have any, hair that is, lots of bad days. But never any fear of missing out, take it or leave it. For instance, didn't take anything today, just thought there might be market stall or more reversing, sure enough, some Dollar weakness. Stop Loss is 1 x ADR (10) -10 or more pips, say if it...
Thanks. Is this Canberra capital time? Shouldn't all trades be open just after 00:00?
Please excuse the bad English via Google Translate.
Quoting dokopy
{quote} Thanks. Is this Canberra capital time? Shouldn't all trades be open just after 00:00?
As I said, I may or may not take the signals as trades.

I place the trades anywhere up to 4 hours after the US / daily close, 5 PM New York.

It is just demo and a guide for taking real trades later on in London & New York sessions; get a feel for the overall market.

Spreads are ridiculous immediately after the US / daily close and re-opening, can be 22 or 32 on the GBPNZD or EURNZD.

And that is Global Prime, demo as I mentioned, better to be patient.

And often there is minor retracements of the daily candles, even in a strong trend, pays to be patient, I reckon.
If you chase two rabbits, you will catch neither one!
BRAIN.SURGERY Return This Year: 23.3%
Something to think about... maybe a currency strength indicator based on the dashboard/ 4Bar play?
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Quoting Erebus
{quote} This is brilliant, so happy to get up this morning and find this update. Works awesome, much appreciated, thanks again. Anyone without signals, please check the setting, must be user error as both indicator and Dashboard are spot on. See the change in USD strength? Or is it CHF strength? Good Luck to All {image}
Great to hear it's now working as intended.
Truth is like poetry. And most people f*cking hate poetry.
Quoting mrdfx
{quote} Great to hear it's now working as intended.
Yes, amazing work!
Quoting mrdfx
{quote} Ok here we go! Fixed it so now its giving the correct signals from the 4 Bar Indi MOD indicator. Also updated the 4 Bar Indi MOD indicator so now you can change the arrow size if you want. Please copy and replace both indicators. Please test it and let me know if it now works the way you want it to. {file} {file}
For those that might be interested I am working on an EA which will read the buy/sell signals from the dashboard and trade them. Well it's more of like a trade manager EA that will open the orders from the dashboard and then manage them for you. I'm busy with forward testing the EA now to make sure everything working as it should and when its all good I'll share it here.
Truth is like poetry. And most people f*cking hate poetry.
Quoting Erebus
{quote} This is brilliant, so happy to get up this morning and find this update. Works awesome, much appreciated, thanks again. Anyone without signals, please check the setting, must be user error as both indicator and Dashboard are spot on. See the change in USD strength? Or is it CHF strength? Good Luck to All {image}
Hi Erebus, I have checked the setting many times, I don't know why my dashboard still without signals. Can you share your setting please. Sorry to trouble you.

Corinna
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I had also downloaded and the installed the indicator and dashboard from mrdfx again.
Quoting Corinna
{quote} Hi Erebus, I have checked the setting many times, I don't know why my dashboard still without signals. Can you share your setting please. Sorry to trouble you. Corinna {image}
Have you downloaded the 4Bar mod indicator as well? Might be that you need the indicator.
Quoting Corinna
I had also downloaded and the installed the indicator and dashboard from mrdfx again.
TIP: when you download for a 2nd time, especially when there has been a programing correction, and Windows asks you if you want to REPLACE the existing file, you click on YES

Because if you don't it may cause a conflict; also, it could be that the dashboard cannot read the indicator because it has a different name.

And that difference is the "(2)" on the end, so fix that situation first.

The other thing, I thought was that the suffix setting had got it working previously; does your broker have a suffix or not?

Not a mind reader so hard to problem solve with so few details.

So, please, go back to what was working and figure out what changed...

Or start with a plain chart, use only the Indicator; does that work?

Yes, now you can try the Dashboard, good luck.

If you chase two rabbits, you will catch neither one!
BRAIN.SURGERY Return This Year: 23.3%
Quoting mrdfx
{quote} For those that might be interested I am working on an EA which will read the buy/sell signals from the dashboard and trade them. Well it's more of like a trade manager EA that will open the orders from the dashboard and then manage them for you. I'm busy with forward testing the EA now to make sure everything working as it should and when its all good I'll share it here.
Can you please describe the system the EA will trade with?
Please excuse the bad English via Google Translate.
Quoting dokopy
{quote} Can you please describe the system the EA will trade with?
The EA will trade the signals from the dashboard so it will trade any of the 3 methods you choose.
Truth is like poetry. And most people f*cking hate poetry.
Quoting mrdfx
{quote} The EA will trade the signals from the dashboard so it will trade any of the 3 methods you choose.
I suspected he would be trading dashboard signals. I wanted to manually test which strategy is the best of the three.
Please excuse the bad English via Google Translate.
Quoting dokopy
{quote} Can you please describe the system the EA will trade with?
Indicators give signal

Enter trade accordingly

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If you chase two rabbits, you will catch neither one!
BRAIN.SURGERY Return This Year: 23.3%
Quoting Erebus
{quote} Indicators give signal Enter trade accordingly {image}
Results are decided by entire trades including SL and TP where trades end.
Please excuse the bad English via Google Translate.
Quoting Erebus
{quote} Indicators give signal Enter trade accordingly {image}
Can you share your template or Indicator setting screenshot. Also, do you suggest any EA name for trades management/SL and TP management.

Are you trading manually or is the EA trading based on signals?
Quoting sanme
{quote} Can you share your template or Indicator setting screenshot. Also, do you suggest any EA name for trades management/SL and TP management. Are you trading manually or is the EA trading based on signals?
In the earlier post above

https://www.forexfactory.com/thread/...1#post14130211

I decide when to place trades but do use an EA for position sizing and risk management

However, it is paid for and cannot be mentioned here lest I be accused of trying to sell something or profit in some indirect way.



Take it to PM for a degree of secrecy and I am not selling anything

If you chase two rabbits, you will catch neither one!
BRAIN.SURGERY Return This Year: 23.3%
Quoting Erebus
{quote} TIP: when you download for a 2nd time, especially when there has been a programing correction, and Windows asks you if you want to REPLACE the existing file, you click on YES Because if you don't it may cause a conflict; also, it could be that the dashboard cannot read the indicator because it has a different name. And that difference is the "(2)" on the end, so fix that situation first. The other thing, I thought was that the suffix setting had got it working previously; does your broker have a suffix or not? Not a mind reader so hard to...
Hi Erebus, I finally able to set up the Dashboard and it is working. My mistake was when I renamed the indicator, I left out the (_) after MOD. Thank you so much for your help. And also FundedCoffee.

Corinna
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