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Follow the Candles

  • #41
  • Oct 21, 2019 10:12am Oct 21, 2019 10:12am
what is dfifernt im doing that this is not showing like this?
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  • #42
  • Oct 21, 2019 10:40am Oct 21, 2019 10:40am
wow this sentiment indicator is responding very well to the price actions and it is unveiling MM intentions
  • #43
  • Oct 21, 2019 6:26pm Oct 21, 2019 6:26pm
Alright this weeks pairs are locked and loaded! 12 valid pairs for this week.

I'm a little early on the opening but, this is the time I have to check the charts tonight.

Lets hope for a profitable week!
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Click to Enlarge Name: Screenshot 2019-10-21 at 20.23.45.png Size: 41 KB
Click to Enlarge Name: Screenshot 2019-10-21 at 20.22.44.png Size: 103 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #44
  • Oct 21, 2019 7:44pm Oct 21, 2019 7:44pm
Quoting mrdfx
Alright this weeks pairs are locked and loaded! 12 valid pairs for this week. I'm a little early on the opening but, this is the time I have to check the charts tonight. Lets hope for a profitable week! {image} {image}
Off to a good start. +145 pips.

If this was live I would have taken profit for the week.

I did forget to open the trades at the correct lot size for the account of 0.03 instead of 0.01 in which case the basket would have hit 5% profit. I'll let the basket ride and see where it goes, but another successful week none the less.
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Truth is like poetry. And most people f*cking hate poetry.
  • #45
  • Oct 21, 2019 8:23pm Oct 21, 2019 8:23pm
G'day mate,

Interesting, however, with respect, could you tell me why you would have closed your winning trades already instead of moving your SLs?
Stay green!!!
  • #46
  • Oct 21, 2019 8:56pm Oct 21, 2019 8:56pm
Quoting Froggy
G'day mate, Interesting, however, with respect, could you tell me why you would have closed your winning trades already instead of moving your SLs?
I'm not greedy and I have my weekly/monthly trading goals so making 5% for the week is good for me lol. +5% for the week is a pretty decent profit for only one trading strategy. Sure you could trail your profit and is probably a good idea. I've left the trades open to see how they do this week.
Truth is like poetry. And most people f*cking hate poetry.
  • #47
  • Oct 21, 2019 11:30pm Oct 21, 2019 11:30pm
Very nice system, thanks mrdfx.

I entered the same trades plus a couple more. +40 pips so far.


Newbie question: how do you create the open trade chart from post 44?
  • #48
  • Oct 22, 2019 12:16am Oct 22, 2019 12:16am
Quoting mrdfx
{quote} Off to a good start. +145 pips. If this was live I would have taken profit for the week. I did forget to open the trades at the correct lot size for the account of 0.03 instead of 0.01 in which case the basket would have hit 5% profit. I'll let the basket ride and see where it goes, but another successful week none the less. {image}
+200 pips nice.
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Truth is like poetry. And most people f*cking hate poetry.
  • #49
  • Oct 22, 2019 12:17am Oct 22, 2019 12:17am
Quoting PipsRUs99
Very nice system, thanks mrdfx. I entered the same trades plus a couple more. +40 pips so far. Newbie question: how do you create the open trade chart from post 44?
I use this indicator which I found here free on FF.
Attached File(s)
File Type: ex4 TradeReport_compact.ex4   88 KB | 948 downloads
File Type: mq4 TradeReport_compact.mq4   53 KB | 1,154 downloads
Truth is like poetry. And most people f*cking hate poetry.
  • #50
  • Edited 1:46am Oct 22, 2019 1:19am | Edited 1:46am
Quoting mrdfx
{quote} I'm not greedy and I have my weekly/monthly trading goals so making 5% for the week is good for me lol. +5% for the week is a pretty decent profit for only one trading strategy. Sure you could trail your profit and is probably a good idea. I've left the trades open to see how they do this week.
How do you calculate your 5% profit target.i mean 5% of what ? My capital ?Another question I like to ask is if indicator is set to monitor trend from 4hr to monthly chart,what time frame am I going to pick mine entry from ? Is 4hr or something lower
  • #51
  • Oct 22, 2019 2:30am Oct 22, 2019 2:30am
Quoting dkarev
{quote} How do you calculate your 5% profit target.i mean 5% of what ? My capital ?Another question I like to ask is if indicator is set to monitor trend from 4hr to monthly chart,what time frame am I going to pick mine entry from ? Is 4hr or something lower

I think its not that important. Yesterday after monday candle close i took a basket with 4 pairs where only the daily/weekly/monthly color matched. The basket was in profit today morning. When taking the 4 H color of the first 4 H candle of the day its the same as the daily candle color.

Nice stuff mrdfx!

Thanks.
Stick to the plan!
  • #52
  • Oct 22, 2019 2:40am Oct 22, 2019 2:40am
I took the EURCAD pair short ... what I noticed was that if I switch from the Daily chart to the Monthly chart, the indicator squares change color. The first pic is the daily chart ... the solid blue line intersects the indicators EURCAD. All 4 squares are red.

The Monthly chart shows different colored squares.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCADDaily.png Size: 87 KB
Click to Enlarge Name: EURCADMonthly.png Size: 87 KB
  • #53
  • Oct 22, 2019 5:10am Oct 22, 2019 5:10am
this dashboard is not working for me.someone plz guide me
  • #54
  • Oct 22, 2019 5:16am Oct 22, 2019 5:16am
Quoting T4Trade
this dashboard is not working for me.someone plz guide me
I also got similar problem at beginning. Try use original settings and Change the xy position only.don't Change the color .
  • #55
  • Oct 22, 2019 5:34am Oct 22, 2019 5:34am
Quoting kennyxox
{quote} I also got similar problem at beginning. Try use original settings and Change the xy position only.don't Change the color .
thnks it worked
  • #56
  • Oct 22, 2019 5:48am Oct 22, 2019 5:48am
Quoting tenthman
I took the EURCAD pair short ... what I noticed was that if I switch from the Daily chart to the Monthly chart, the indicator squares change color. The first pic is the daily chart ... the solid blue line intersects the indicators EURCAD. All 4 squares are red. The Monthly chart shows different colored squares. {image} {image}
I think the initiator of this thread uses H4 TF
That's probably while he can see at a glance the close of first H4 candle, before picking the pairs to trade.
  • #57
  • Oct 22, 2019 6:11am Oct 22, 2019 6:11am
Please can some one help me out here, i try to load the trend indicator in my mt4 platform but it is not coming up
  • #58
  • Oct 22, 2019 6:37am Oct 22, 2019 6:37am
Can someone please share how you guys determine your tp and sl ?
  • #59
  • Oct 22, 2019 9:41am Oct 22, 2019 9:41am
Quoting dkarev
{quote} How do you calculate your 5% profit target.i mean 5% of what ? My capital ?Another question I like to ask is if indicator is set to monitor trend from 4hr to monthly chart,what time frame am I going to pick mine entry from ? Is 4hr or something lower
I calculate 5% based on my total account balance. The 5% is based on a total weekly target.

It could be anything though, you are welcome to choose your own weekly target whether it be in pips or % or in $, its up to you how you want to set your targets.

The indicator is set to monitor 4 time frames for overall trend direction, it does not matter what time frame you enter on.
Truth is like poetry. And most people f*cking hate poetry.
  • #60
  • Oct 22, 2019 9:43am Oct 22, 2019 9:43am
Quoting tenthman
I took the EURCAD pair short ... what I noticed was that if I switch from the Daily chart to the Monthly chart, the indicator squares change color. The first pic is the daily chart ... the solid blue line intersects the indicators EURCAD. All 4 squares are red. The Monthly chart shows different colored squares. {image} {image}
When the indicator is loaded it does not change colors when switching time frame, I'm not sure why that's happening to you.
Truth is like poetry. And most people f*cking hate poetry.
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