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Derek et al Easy Trading System

  • #121
  • Mar 26, 2020 7:37am Mar 26, 2020 7:37am
Unfortunately haven't had much time this week to test the system. Hopefully will do it next week. For those that have used it on live accounts - how many pips have you captured since you've started?
  • #122
  • Mar 26, 2020 8:59am Mar 26, 2020 8:59am
Hi, are you sure that forex indicator sweepmod v2 doesn't repaint ?

thanks
  • #123
  • Mar 26, 2020 9:46am Mar 26, 2020 9:46am
Quoting giapel
Hi, are you sure that forex indicator sweepmod v2 doesn't repaint ? thanks
all indicators in this system repaint
  • #124
  • Mar 26, 2020 11:22am Mar 26, 2020 11:22am
This the question what I would like to ask. Is this true?
  • #125
  • Mar 26, 2020 11:41am Mar 26, 2020 11:41am
Quoting derekw
The UK will look like Italy in 12 days time... {image}
We should be trading this chart, we definitely know where its going, unfortunately.. I have been self isolating for nearly 3 weeks, now they say we can't go out and no tests available. I'm not surprised I'm going crazy.
Hope everyone stays safe and I know this is serious. Please do not take it the wrong way.
  • #126
  • Mar 26, 2020 11:43am Mar 26, 2020 11:43am
Quoting Bartleby
{quote} Hey .. wait a minute. This is, like every other Trading System thread, an offer for nothing in return. So i got a completely unique (out of this world) idea for you. -> If you are interested , take your lazy ass to the backtester and test it for yourself. regards, Bartleby
well said I fully support that view.
  • #127
  • Mar 27, 2020 1:10am Mar 27, 2020 1:10am
Quoting tallshirley
Thank you Derek! NU TP! {image}
  • #128
  • Mar 27, 2020 1:19am Mar 27, 2020 1:19am
Quoting Davidh061
Hi Derekw, interesting system; I demo traded a GU opportunity this morning which worked well using the "simple" set up. I think someone was asking about using Renko, I played around with it yesterday and it didn't work too well on my set up. I need to find live opportunities - the UJ is looking good for a long trade - this is my view of it this morning. Welcome to the lock-down club - stay healthy! Cheers, Dave {image}
Hi Dave.

Unfortunately I don't track USDJPY, so my comment on it may not be good. I did apply a chart, belatedly, this morning and note that FXMax has or is turning bearish. I also like to look at higher TFs to get a sort of road map, so Here is an H4 chart. Notice that the chaos indi is also not showing support yet. This makes me think that this pair probably still has some way down to travel.

Wishing you the best too.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 71 KB
  • #129
  • Mar 27, 2020 1:22am Mar 27, 2020 1:22am
Quoting tallshirley
Hi Derek, will you consider entering the buy trade for UJ if the price hit lower band but without buy arrow? {image}
Hi tallshirley.

I'm not very knowledgeable in USDJPY. See my post 128 above. (perhaps I should study it - it is popular).
  • #130
  • Mar 27, 2020 1:27am Mar 27, 2020 1:27am
Quoting tallshirley
{quote} Hi Derek, should the entry be at the bands or just based on arrow signal?
That's a difficult one. If chaos is forming at the bands, (white square), then I think you could consider that as a trigger. If price far exceeds the bands, then probably wait for the arrow. I think the best thing is of course a strong trend and trading in that direction. Study what the indicators do for different instruments. Each instrument has it's own character and the indis match better for some than others on different time frames. But your Holy Grail is a strong trend.
  • #131
  • Mar 27, 2020 1:32am Mar 27, 2020 1:32am
Quoting tallshirley
i had entered short for both AU& NU... AU buy signal suddenly appeared after i sell.... should i just cut loss? {image}
AUDUSD is a buy for me. I don't follow NZD, but I would imagine it follows the AUD closely. What is interesting about your charts is that FXMax is red, whereas for me it's green. Do you know why this is?

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 61 KB
  • #132
  • Mar 27, 2020 1:37am Mar 27, 2020 1:37am
Quoting Sickmonster
{quote} What is 'FXMax' represents? (
Hi Sickmonster.

It is trend. Unfortunately, I cannot tell you very much about this indicator. I don't have an .mql version of it which I could give to a programmer to analyse. Pity. So all my knowledge of it is just from observation. It paints according to H4 and when it does it paints one bar back, so the first appearance of it is always two bars. It doesn't repaint, but can change during the H4 period.
  • #133
  • Mar 27, 2020 1:44am Mar 27, 2020 1:44am
Quoting clydewind
Hi all, I am new to this, and sort of a computer ignoramus altho I can use charts and download indicators, but when I try to download either the complete template here, OR some of the individual indicators, I get browse and no mention of metatrader. Some of the indicators when I click to download they say download with metatrader which of course is O.K. so that can go to my trading platform, BUT how to I get the others into my trading platform?
Hi Clyde

Click on:

File
>Open Data Folder
>>MQL4
>>>Indicators

Put the indicator files, (.ex4 files), in that folder.

Click on:
File
>Open Data Folder
>>Templates

Put the template file, (.tpl file), in that folder.

Now close your MT4 program and re open it.

Go to:
Charts
>Templates

and choose the template.

I hope that helps!
  • #134
  • Mar 27, 2020 1:46am Mar 27, 2020 1:46am
Quoting Precizione
Unfortunately haven't had much time this week to test the system. Hopefully will do it next week. For those that have used it on live accounts - how many pips have you captured since you've started?
Hi Precizione. This question you will have to answer for yourself I'm afraid. Test on demo and get comfortable with it first.
  • #135
  • Mar 27, 2020 1:49am Mar 27, 2020 1:49am
Quoting giapel
Hi, are you sure that forex indicator sweepmod v2 doesn't repaint ? thanks
Hi Giapel.

It can re-paint, especially on lower TFs. But remember that if you are well placed outside the channel this will not be a problem. It will just help you to trigger your trade. Before trigger a trade I often go up one TF and then back to check the current status. I'll maybe write a bit more about how I feel about the re-paint issue later.
  • #136
  • Edited 2:31am Mar 27, 2020 2:07am | Edited 2:31am
Re-paint of indicators

Whilst thinking about how to tackle this I've kind of decided not to get into it to deeply.

I am probably one of the very few traders that doesn't mind re-paint indicators. I do mind about the reasons why they re-paint though. Basically put; the only real difference between non re-painting indicators and re-painting indicators is that the re-painting indicator cannot be back tested.

Both will give a signal that would cause you to make a decision.

Indicators are tools.

Indicators cannot predict the future.

If you use your tools with a method they can benefit your decision making.

A hammer can be used to break into a house and also to build a house.
  • #137
  • Mar 27, 2020 2:09am Mar 27, 2020 2:09am
USDollar

On this H1 Chart, I have set SL = BE

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 66 KB
  • #138
  • Mar 27, 2020 2:35am Mar 27, 2020 2:35am
Hi Derekw,
I use Mt5 so I need forex sweepmod indicator for Mt5 if you have can you send ?
Attached File(s)
File Type: mq4 forex sweepmod V2.mq4   18 KB | 428 downloads
  • #139
  • Mar 27, 2020 4:36am Mar 27, 2020 4:36am
Quoting Celal
Hi Derekw, I use Mt5 so I need forex sweepmod indicator for Mt5 if you have can you send ? {file}
Hi Celal

Unfortunately I don't. Perhaps one of the coding forums can convert it for you?
  • #140
  • Mar 27, 2020 6:14am Mar 27, 2020 6:14am
Quoting derekw
Re-paint of indicators Whilst thinking about how to tackle this I've kind of decided not to get into it to deeply. I am probably one of the very few traders that doesn't mind re-paint indicators. I do mind about the reasons why they re-paint though. Basically put; the only real difference between non re-painting indicators and re-painting indicators is that the re-painting indicator cannot be back tested. Both will give a signal that would cause you to make a decision. Indicators are tools. Indicators cannot predict the future. If you use your tools...
Hi derekw,
I'm with you on repainting. If its reasonably stable for 2-3 bars thats ok. Anything longer is history anyhow. Weighted values will always give different results over time, that's their methodology. Even fractals require a number of bars either side. Nothing is perfect, if it was we wouldn't be trading.
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