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Price Action System/Indicator

  • #121
  • Nov 17, 2017 8:43am Nov 17, 2017 8:43am
Many thanks zoheb01 for the update and video. Can I ask if you could share which settings you use for your OGT price action indicator as I think the best way to set it up would be the same as the one who created it right?
Truth is like poetry. And most people f*cking hate poetry.
  • #122
  • Nov 17, 2017 4:06pm Nov 17, 2017 4:06pm
Hi Zoheb
I am posting some examples of multiple IBs as a reference.
Nial Fuller has a really good idea how to trade these. If you want to check him out.

Chris
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The loss in the above and below charts are wrong as it was only another IB not a trade break
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  • #123
  • Nov 17, 2017 4:21pm Nov 17, 2017 4:21pm
Inserted Video


Nice video by Nials
  • #124
  • Nov 21, 2017 5:33am Nov 21, 2017 5:33am
Quoting cfudge
https://youtu.be/89hmHzif9sc Nice video by Nials
nice cherry picked chart from 2008, 1500 pips drop in 5 days, I guess only need to jump on a few of those every year

@ zoheb01, speaking of Inside Day, I guess you have seen WP's approach using what he calls the ACAPULCO pattern?

I wonder if that is worth screening for and what setting would be appropriate; I would think the 2nd candle 33% or less of the 1st candle

Any thoughts?
It takes a lot for me to IGNORE you, but you can try.
  • #125
  • Nov 22, 2017 4:50pm Nov 22, 2017 4:50pm
Quoting mrdfx
Many thanks zoheb01 for the update and video. Can I ask if you could share which settings you use for your OGT price action indicator as I think the best way to set it up would be the same as the one who created it right?
Hey mrdfx, apologies for the late response.

I have two settings, one for trading the lower time frames and one for trading the higher time frames. As I've said all along I don't recommend trading the opening of the next bar as once a signal is shown.

For lower time frames I place more strict rules:

Pin bar - greater than the previous 4 candles, room to left must be of 5 days (M5 = 1,440)
Engulfing - greater than the previous 4 candles, body 75%+

Higher Time frames I am less strict so I can see more signals (as they are less often) and use other analysis tools to create a decision.

Hope it helps.
Never stop investing. Never stop improving. Never stop doing something new
  • #126
  • Nov 22, 2017 4:51pm Nov 22, 2017 4:51pm
Quoting cfudge
https://youtu.be/89hmHzif9sc Nice video by Nials
Thanks cfudge - I do look watch his work. I will base the rules from this videos. Also thank you for the examples much appreciated.
Never stop investing. Never stop improving. Never stop doing something new
  • #127
  • Nov 22, 2017 4:56pm Nov 22, 2017 4:56pm
Quoting Erebus
{quote} nice cherry picked chart from 2008, 1500 pips drop in 5 days, I guess only need to jump on a few of those every year @ zoheb01, speaking of Inside Day, I guess you have seen WP's approach using what he calls the ACAPULCO pattern? I wonder if that is worth screening for and what setting would be appropriate; I would think the 2nd candle 33% or less of the 1st candle Any thoughts?
Thanks Erebus.

I have yes a long time ago, I think it may not be a bad idea to re-visit it again. Thanks for joigging my memory.
Never stop investing. Never stop improving. Never stop doing something new
  • #128
  • Nov 23, 2017 5:20am Nov 23, 2017 5:20am
Quoting zoheb01
{quote} Hey mrdfx, apologies for the late response. I have two settings, one for trading the lower time frames and one for trading the higher time frames. As I've said all along I don't recommend trading the opening of the next bar as once a signal is shown. For lower time frames I place more strict rules: Pin bar - greater than the previous 4 candles, room to left must be of 5 days (M5 = 1,440) Engulfing - greater than the previous 4 candles, body 75%+ Higher Time frames I am less strict so I can see more signals (as they are less often) and use...
Many thanks for the reply. I will take note of your settings. Thank you.
Truth is like poetry. And most people f*cking hate poetry.
  • #129
  • Nov 28, 2017 4:20pm Nov 28, 2017 4:20pm
Here are some results so far with the Pin Bar indi.
NOTE: I only trade the daily and for each trade I have TP of 8 pips. No SL
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  • #130
  • Edited Nov 30, 2017 2:19am Nov 29, 2017 12:21pm | Edited Nov 30, 2017 2:19am
Hi, zoheb01. Thanks for the indicator. The second week I observe the indicator readings.
1.Something is wrong with his indication. An example in the screenshot.
2. For all time there was never a formation "Absorption" with such settings.
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  • #131
  • Nov 29, 2017 3:37pm Nov 29, 2017 3:37pm
Quoting cfudge
Here are some results so far with the Pin Bar indi. NOTE: I only trade the daily and for each trade I have TP of 8 pips. No SL {image}
Nice work mate. What are you using for the entry. Opening of the next bar? Or something a little more complex?
Never stop investing. Never stop improving. Never stop doing something new
  • #132
  • Nov 29, 2017 3:41pm Nov 29, 2017 3:41pm
Quoting vinvlad
Hi, zoheb01. Thanks for the indicator. The second week I observe the indicator readings. 1.Something is wrong with his indication. An example in the screenshot. 2. For all time there was never a formation "Absorption" with such settings. {image}
Thanks Vinvlad for sharing. I'll show it to my coder and see what he says as I can't make out what you are showing.

You have a great template. What other indis are you using?
Never stop investing. Never stop improving. Never stop doing something new
  • #133
  • Nov 29, 2017 4:45pm Nov 29, 2017 4:45pm
Quoting zoheb01
{quote} Nice work mate. What are you using for the entry. Opening of the next bar? Or something a little more complex?
Close of signal bar, or as close as I can get when I get home from work
  • #134
  • Edited 2:22am Nov 30, 2017 2:02am | Edited 2:22am
Quoting zoheb01
{quote} You have a great template. What other indis are you using?
Everything is here. RSI 7TF indi you may have to download from the market.
P.S. I updated SCREEN: a possible mistake - in the previous post.
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Attached File(s)
File Type: rar OGT_TS.rar   209 KB | 1,626 downloads
  • #135
  • Dec 3, 2017 4:21pm Dec 3, 2017 4:21pm
Quoting vinvlad
{quote} Everything is here. RSI 7TF indi you may have to download from the market. P.S. I updated SCREEN: a possible mistake - in the previous post. {image} {file}
Great template - will give it a go. Thank you for sharing.
Never stop investing. Never stop improving. Never stop doing something new
  • #136
  • Dec 3, 2017 4:24pm Dec 3, 2017 4:24pm
Hey guys, sorry the delay in getting v1.2 out. My coder has been busy with other projects.

To let you know what new patterns are coming in v1.2:

1) Marubozu
2) Inside Bar

I have also asked to see if he can fix the multiple doji signals and the signal dots to be changed. Not sure if this can be done but hoping for the best.
Never stop investing. Never stop improving. Never stop doing something new
  • #137
  • Edited 11:11am Dec 4, 2017 1:43am | Edited 11:11am
I think I found a bug with email signals, v1.1 sends out email signal every new bar "OGT Price Action : Sell arrow has appeared on EURUSD,240". It' s always sell. Is it just me or someone else can confirm this as well?

https://s8.postimg.org/tbtclibqd/Capture.png

Ok got around this one by selecting Sound + Email......
  • #138
  • Dec 4, 2017 4:33pm Dec 4, 2017 4:33pm
Hi Zoheb
I was getting pop alerts and sound when pinbar appears but nothing when engulfing signal shows up.
Chris
  • #139
  • Dec 5, 2017 4:16am Dec 5, 2017 4:16am
Quoting cfudge
Hi Zoheb I was getting pop alerts and sound when pinbar appears but nothing when engulfing signal shows up. Chris
Thanks Chris and Avoleoo. Appreciate the feedback.

I have asked the coder to re-visit the alerts for v1.2!
Never stop investing. Never stop improving. Never stop doing something new
  • #140
  • Dec 5, 2017 4:35am Dec 5, 2017 4:35am
zoheb01: the feature of TF selection from version 1.0 was a really a good one. That way you could use the same chart and set three indicators, one for H4, one for D1 and one for W1 and they will all work at the same time and using only one chart. With newer versions you would have to keep open a chart for each timeframe. TF selection is an important feature, do you think you can get in back in v1.2?

Waiting for some trades now....... Let's put this baby to test !

G.
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