...signal on the horizon, albeit a few 4hr periods away..
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DislikedHere it is, re-calculated assuming every loss went to the maximum of 50 pips, basically the profit has halved, and the drawdown has now increased to about 37%, so it looks as though you need manual intervention. Bearing in mind the exits for profit also need to be performed manually. So one still needs to lend a "hand" to maximise this system.
Your comments appreciated.Ignored
DislikedAs Rob (blueruby) did such a fantastic job on his indicator v1.2, I decided to add to it (actually, I rewrote about 95% of it, but he laid the foundation) and create an arrow indicator system based on the rules that VyNNer has laid out. I've attached the source. You know what to do with it. Looks like there are some fantastic trades that have been available!
Couple of notes:
This has NOT been tested live, as I just started this yesterday and have not got into trading tonight at all, so please look for bugs!! Again, the goal is to have a popup appear when a new bar forms, but as the market's only been open a few hours, I have not tested it yet to see if that happens, as no trade opportunities are available now. As always, PLEASE use common sense and do not blindly follow the arrows! While I was once a professional software developer, this is my first MQL code, and the first code I've written in about 6 months, so just keep your eyes peeled! :-)
This indicator will display long, short, and exit arrows (the red 'x'), and will email you notification, show a popup on the screen, play a sound, and even call your mother and leave her a computer generated voicemail letting her know that you've made the big bucks on this trade (okay...maybe not the last one hehehe).
I have included an option to turn on/off the daily stochastic filter (it's off by default). If you put this on the g/u 4hr chart, you'll see very few losing trades compared to big winners with the stoch off.
EDIT: small update about 10 mins after I posted this to shut the indicator up the first time you load it (if you're switching profiles from one to this and have 15 charts open, you would have gotten a lot of email/console spam).Ignored
DislikedAre you guys entering at the open of the candle AFTER 13ma cross or as soon as it crosses?
ThanksIgnored
DislikedHi ChowClown.
Just got in.Saw your posts. My Aussie trade hit trailing stop for 24 pip gain. Not bad for a couple of hours. I wasn't too keen to leave the stop loss at 50 because of the recent overwhelming US$ bearishness, so I opted for the trail. For all you know,this might just be temporary pullback for this pair before the greenback bear continues.
I saw the GBPUSD setting up nicely. CHECK OUT THE CHART BELOW...it's nearly there.I like this one more than the Aussie earlier because of the angle at which the 13 is going to hit the 50. Let's wait with our finger on the trigger...
PS You ought to think of using MT4.That's what I'm doing,even though I use another broker for live trades.Your charting system might be lagging a little.I noticed that Interbank,although they also use MT4, lag behind MetaTrader's (MIG Investments) MT4 platform,i.e. a new candle is forming by MIG while Interbank's is still busy closing the previous candle!Go figure.Ignored
DislikedI have just entered long on GBP/USD @ 1.9946 after a disappointing short trade a few hours ago.
I hope this does better, not minding the in-coming GDP.
Happy pipping!Ignored