Look at my chart !
at the second vertical line dimgray ,+di cross -di very soon but adx go down. On this candle , ma5 has just beginning to cross sma21h ... And the best entry is the open of the next candle , because , +di crossed -di, sdt >0.3, adx & adx is going up !...
bzh
- #122
- May 28, 2007 11:39pm May 28, 2007 11:39pm
Hi ,yes , you must have 4 signals, for a buy ( adx go up & >20, sdt >à.3, +di>-di , ma5 cross sma21h ) & reverse for a short ...
bzh
adx go up & >20, sdt >.3, -di>+di , ma5 cross going down below the sma21L
Hello BZH,
I have and followed this with interest - I did a search for ADX and came up with your thread, which sounds brilliant!
I am new to using EA's, and had loaded it up on the MT4 platform on my memory stick. I opened it up yesterday to do some study at work on the set up , only to realize at the end of the day when my broker sent me a statement that I was entered into a position in my live account! Well, it entered long - on the top of the same leg you entered at 241.22. It went up a bit, then sank, getting to within 1 pip of my stop! I see there is a 100 pip stop and 300 pip target. I decided to leave it on and watch it - use it as a learning experience. Right now, I'm just below breakeven, so I am glad of the 100 pip stop (I trade the GBPJPY, so know you need that large a stop) I am just amazed that it held!
What I would appreciate (and many others following this thread) is some guidance on the use of the EA. I did see any of the bars and data that is on the right side of your last chart - I think I was expecting to see that - is that not a part of the EA? It looks like a radar shot of what is happening across the timeframes, and a good visual to evaluate a position. I take it the daily average is the ATR? What period do you use? Your explanations would go a long way to helping me and others embrace this strategy and your EA. You say you use it on semi- auto; which bits do you do manually and where do you allow the EA to take over or start?
Many thanks for this brilliant strategy
mac18
I have and followed this with interest - I did a search for ADX and came up with your thread, which sounds brilliant!
I am new to using EA's, and had loaded it up on the MT4 platform on my memory stick. I opened it up yesterday to do some study at work on the set up , only to realize at the end of the day when my broker sent me a statement that I was entered into a position in my live account! Well, it entered long - on the top of the same leg you entered at 241.22. It went up a bit, then sank, getting to within 1 pip of my stop! I see there is a 100 pip stop and 300 pip target. I decided to leave it on and watch it - use it as a learning experience. Right now, I'm just below breakeven, so I am glad of the 100 pip stop (I trade the GBPJPY, so know you need that large a stop) I am just amazed that it held!
What I would appreciate (and many others following this thread) is some guidance on the use of the EA. I did see any of the bars and data that is on the right side of your last chart - I think I was expecting to see that - is that not a part of the EA? It looks like a radar shot of what is happening across the timeframes, and a good visual to evaluate a position. I take it the daily average is the ATR? What period do you use? Your explanations would go a long way to helping me and others embrace this strategy and your EA. You say you use it on semi- auto; which bits do you do manually and where do you allow the EA to take over or start?
Many thanks for this brilliant strategy
mac18
- #136
- Edited 1:01pm Jun 6, 2007 11:46am | Edited 1:01pm
hi, traders !
thanks mac18,
Now i give you my method about a good entry
1 ° you look adx on 4H chart
When it' ok
2° you look on 30mn chart to choose the best entry
Like my chart attached
my technical analys
thanks mac18,
Now i give you my method about a good entry
1 ° you look adx on 4H chart
When it' ok
2° you look on 30mn chart to choose the best entry
Like my chart attached
my technical analys
hi, traders !
thanks mac18,
Now i give you my method about a good entry
1 ° you look adx on 4H chart
When it' ok
2° you look on 30mn chart to choose the best entry
Like my chart attached
my technical analys
I thought you would be flat - since you trade in the direction of the 240 min trend, as determined by the 55 SMA, which is currently below price, indicating it is still in an uptrend, but you entered into a short position on the 30 min chart. I see that the 5 SMA had crossed the 21 L on the 240 chart, but the short trend had not been fully established. Are you using another set of rules? A tighter stop and limit perhaps?
Thanks,
mac 18
Hi again, BZH
I thought you would be flat - since you trade in the direction of the 240 min trend, as determined by the 55 SMA, which is currently below price, indicating it is still in an uptrend, but you entered into a short position on the 30 min chart. I see that the 5 SMA had crossed the 21 L on the 240 chart, but the short trend had not been fully established. Are you using another set of rules? A tighter stop and limit perhaps?
Thanks,
mac 18
I i show you my technical intraday ...
bzh
Hi BZH,
Thanks for the charts. Looking at the 30 min chart, you seem to have posted your entries (red dotted vertical lines) once the 56sma have crossed correctly, but it still had not crossed the 21 low sma. Is this an adjustment for the scalp trade, but using the original rules for the main 240 trade? It might help to give us your 30 min scalp rules - I thought it was about the same as the 240 min one, but it may not be.
Thanks for your replies,
mac 18
Thanks for the charts. Looking at the 30 min chart, you seem to have posted your entries (red dotted vertical lines) once the 56sma have crossed correctly, but it still had not crossed the 21 low sma. Is this an adjustment for the scalp trade, but using the original rules for the main 240 trade? It might help to give us your 30 min scalp rules - I thought it was about the same as the 240 min one, but it may not be.
Thanks for your replies,
mac 18