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Tease Me more @cpfleger

  • #4,561
  • Feb 1, 2024 9:01am Feb 1, 2024 9:01am
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Saludos, K.
  • #4,562
  • Feb 1, 2024 9:17am Feb 1, 2024 9:17am
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Saludos, K.
  • #4,563
  • Feb 1, 2024 9:25am Feb 1, 2024 9:25am
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Saludos, K.
  • #4,564
  • Feb 1, 2024 9:38am Feb 1, 2024 9:38am
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Saludos, K.
  • #4,565
  • Feb 1, 2024 9:59am Feb 1, 2024 9:59am
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Saludos, K.
  • #4,566
  • Feb 1, 2024 10:48am Feb 1, 2024 10:48am
Quoting Tazba
{quote} Hi Can you explain it how to use in trading? thanks (numbers) Please {image}
I'll help you answer
The numbers actually represent the HH-HL-LL and LH values in the zigzag (in pips form)
I don't use D1, but I will explain its use on M1
If the buy trend is on M5 and M15 I will open Buy on M1 if the price is below 0.25 from the peak value of the zigzag
example: zigzag peak value 38.2 pips at price 1.08309

0.25 * 38.2 = 9.5 pips /95 points
1.08309 -95 points = 1.08214
I will start open buy if the price touches 1.08214
because I use per tick as open orders, I use the peak area as the BEP point
I can close all orders in BEP Area or wait until the TP is touched
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It's just one technique for zigzagm on M1 , sometimes it's useful, sometimes it's not
and this is the result
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  • #4,567
  • Feb 1, 2024 11:17am Feb 1, 2024 11:17am
Quoting Darwati
{quote} I'll help you answer The numbers actually represent the HH-HL-LL and LH values in the zigzag (in pips form) I don't use D1, but I will explain its use on M1 If the buy trend is on M5 and M15 I will open Buy on M1 if the price is below 0.25 from the peak value of the zigzag example: zigzag peak value 38.2 pips at price 1.08309 0.25 * 38.2 = 9.5 pips /95 points 1.08309 -95 points = 1.08214 I will start open buy if the price touches 1.08214 because I use per tick as open orders, I use the peak area as the BEP point I can close all orders in...
@Dawati, Excellent post and explanation.
To open almost 5,000 trades it seems like you are using an EA to manage the trades.
I can do all things through Christ who gives me strength
  • #4,568
  • Feb 1, 2024 11:32am Feb 1, 2024 11:32am
Quoting ainz99
{quote} @Dawati, Excellent post and explanation. To open almost 5,000 trades it seems like you are using an EA to manage the trades.
EA is just a tool to manage my acct in MT4 :

for open orders, set the number of orders, LOT value, BEP value, close some of the profits or close all and calculate the loss value that I can bear (when the price is opposite to the order) via BEP , etc

there are no indicators in my EA, it just follows manual commands
  • #4,569
  • Feb 1, 2024 11:55am Feb 1, 2024 11:55am
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  • #4,570
  • Feb 1, 2024 1:04pm Feb 1, 2024 1:04pm
Quoting Darwati
{quote} EA is just a tool to manage my acct in MT4 : for open orders, set the number of orders, LOT value, BEP value, close some of the profits or close all and calculate the loss value that I can bear (when the price is opposite to the order) via BEP , etc there are no indicators in my EA, it just follows manual commands
Done

Zigzagm Value as BEP Area

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See you again in 2025
  • #4,571
  • Feb 1, 2024 2:02pm Feb 1, 2024 2:02pm
waiting to make a new sell
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  • #4,572
  • Feb 1, 2024 2:31pm Feb 1, 2024 2:31pm
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  • #4,573
  • Feb 1, 2024 2:33pm Feb 1, 2024 2:33pm
Quoting Darwati
{quote} Hotovo Kľukatá hodnota ako oblasť BEP {image} {image} {image} Uvidíme sa znova v roku 2025
Can you please share your indicators and describe your system step by step? Thanks
  • #4,574
  • Feb 1, 2024 7:06pm Feb 1, 2024 7:06pm
Quoting cpfleger
handy148, How does one follow a higher TF using a Renko Chart - time is not applicable. Offline Charts are time-based charts - they are just abnormal MT4 TF allocations. If you use a normal candlestick higher TF to follow the trend, then this defeats the purpose of a Renko Candled Chart as it follows price only. Are we mixing our drinks here - candlestick (price and time) versus Renko (Price).... cpfleger
What you do in the case of Renko and other Offline charts is use the double or treble of your trigger chart as the higher TF.

For instance if you wanna trade the 5 pips Renko bricks then 10 or 15 pips bricks becomes your Base or higher time frame. The inefficiencies of the lower brink size is swallowed up much like it happens in regular time based charts.
This may mean not entering most moves from the beginning but you eliminate some negative results.
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Let it turn and find your entry.
  • #4,575
  • Feb 2, 2024 6:45am Feb 2, 2024 6:45am
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  • #4,576
  • Feb 2, 2024 7:36am Feb 2, 2024 7:36am
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  • #4,577
  • Feb 2, 2024 7:52am Feb 2, 2024 7:52am
The process is beginning to bear fruit, every time I feel more comfortable.
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  • #4,578
  • Edited 8:11am Feb 2, 2024 7:53am | Edited 8:11am
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Have a great weekend.
  • #4,579
  • Feb 2, 2024 7:59am Feb 2, 2024 7:59am
Quoting javipenjamo
The process is beginning to bear fruit, every time I feel more comfortable. {image}
Good patience, which can be very hard.
  • #4,580
  • Feb 2, 2024 8:49am Feb 2, 2024 8:49am
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