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Attachments: Simple 4 Hour System
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Simple 4 Hour System

  • #41
  • May 24, 2007 12:30pm May 24, 2007 12:30pm
I have attached it here again. Please set the weekly pivot and levels to true and everything else to false.

Quoting stace


i dont have pivots like you
Attached File(s)
File Type: mq4 AutoPivotIndicator.mq4   15 KB | 742 downloads
File Type: ex4 AutoPivotIndicator.ex4   15 KB | 527 downloads
Bullish Attitude!
  • #42
  • May 24, 2007 12:31pm May 24, 2007 12:31pm
Thanks for the chart Howard.

Quoting howard
Chart attached
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  • #43
  • May 24, 2007 12:32pm May 24, 2007 12:32pm
Yes, this is a broker problem. You have to adjust according to your chart or download a MT4 from another broker and open a demo account.

The green line is above the white line in my chart. I am not sure how yours is opposite. Maybe something to do with the chart datafeed?

Quoting farimir
Hmmmm


My broker is GMT +2 so I have to wait another hour before my 4 hour bar closes. Well, let's see how it goes. Also, at the moment the grey line is still above the green line on my Volatmeter. Is yours different?
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  • #44
  • May 24, 2007 12:38pm May 24, 2007 12:38pm
Just to make sure, what is your volatmeter settings?
  • #45
  • May 24, 2007 12:52pm May 24, 2007 12:52pm
13, 50, 1.3, True.

Quoting farimir
Just to make sure, what is your volatmeter settings?
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  • #46
  • May 24, 2007 12:55pm May 24, 2007 12:55pm
Thanx. It is different. Will change and see what difference it makes.
  • #47
  • May 24, 2007 10:08pm May 24, 2007 10:08pm
mr. Howard
could you upload your weekly pivot indicator, please? im dying to get that indicator but couldn't find it anywhere. thanks in advance.
  • #48
  • May 24, 2007 10:11pm May 24, 2007 10:11pm
Please check this post for the pivot indicator:

http://www.forexfactory.com/showpost...9&postcount=41
  • #49
  • May 24, 2007 11:56pm May 24, 2007 11:56pm
Thanks Wallym.
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  • #50
  • May 25, 2007 12:50am May 25, 2007 12:50am
Here is a eurjpy pair. For example purpose only. There was a sell trade triggered that was good for 85 pips which means the first 2 positions were hit and the third position closed at breakeven. Look at where the sell reversed. I have placed an arrow there. Weekly Support 3.

Next was a buy which went over 150 pips helping us get out of all 3 positions. After that, notice how the price plays near the weekly pivot for long hours and then finally broke it giving us a third sell signal little later. This signal is still active according to the rules.

Of course, I do not trade this pair.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 63 KB
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  • #51
  • May 25, 2007 5:08am May 25, 2007 5:08am
wallym
thanks but i was looking for complete weekly pivot indicator (r1 r2 r3 pp s1 s2 s3) instead of only pivot line. thanks anyway

marketsnipers
thank you so much for sharing your system.
  • #52
  • May 25, 2007 5:26am May 25, 2007 5:26am
Quoting shYun
wallym
thanks but i was looking for complete weekly pivot indicator (r1 r2 r3 pp s1 s2 s3) instead of only pivot line. thanks anyway

marketsnipers
thank you so much for sharing your system.
You can set any one of s1 s2 s3 r1 r2 r3 and pp for daily, weekly or monthly to false or true.

It is a comprehensive indicator, by default it shows the pivots, you should change the settings.
Regards
  • #53
  • May 25, 2007 7:50am May 25, 2007 7:50am
My friend,

With a little effort you can save a lot of your time and others. Here is the best I can do for you. Take a look at the image. Please set your indicator to true for weekly and false for others under the INPUT tab. It will show up.

Quoting shYun
wallym
thanks but i was looking for complete weekly pivot indicator (r1 r2 r3 pp s1 s2 s3) instead of only pivot line. thanks anyway

marketsnipers
thank you so much for sharing your system.
Attached Image (click to enlarge)
Click to Enlarge Name: SR.jpg Size: 79 KB
Bullish Attitude!
  • #54
  • May 25, 2007 9:57pm May 25, 2007 9:57pm
Howard/Marketsnipers

thanks for the help. now i got it.

im fairly new to mt stuff and still trying to get the hang of it.
  • #55
  • May 26, 2007 12:35am May 26, 2007 12:35am
No problem my friend. Good day.
Bullish Attitude!
  • #56
  • May 26, 2007 1:29am May 26, 2007 1:29am
Quoting marketsnipers
No problem my friend. Good day.
Excelent system man.Are you a long term trade?
and did you test this system in daily timeframes?
Sorry about my english...
  • #57
  • May 26, 2007 3:48am May 26, 2007 3:48am
I would say, I am a medium term trader. Yes, I have checked it in the Daily time frame and it works better than 4 hour for every currency. For example the last buy trade on gbpjpy is up 800 pips or the EURCHF which is up nearly 600 pips.

Yet, I trade the 4H because the daily is a bit longer for me. I like to watch the markets as well as flex my muscles as and when I want and the 4H lets me do that comfortably. Maybe, someday I will move to the daily.

Thanks

Quoting CIORIMAU--
Excelent system man.Are you a long term trade?
and did you test this system in daily timeframes?
Bullish Attitude!
  • #58
  • May 26, 2007 3:54am May 26, 2007 3:54am
Here is a random daily chart for you from eurusd. You can see both the entry as well as the re-entry (The big rectangle box with multiple re-entries). A 900 pips move up.

Quoting CIORIMAU--
Excelent system man.Are you a long term trade?
and did you test this system in daily timeframes?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 58 KB
Bullish Attitude!
  • #59
  • May 26, 2007 4:33am May 26, 2007 4:33am
Hi Marketsnipers,

Thanks for an interesting system.

What are the indicator settings for the daily charts?

Raj
  • #60
  • May 26, 2007 4:46am May 26, 2007 4:46am
The same as 4 hours settings. The chart was an example of how the system works in the daily time frame as in 4H. It was a response to the previous post.

Quoting Raj71
Hi Marketsnipers,

Thanks for an interesting system.

What are the indicator settings for the daily charts?

Raj
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