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Today no trades for me, New York is in holiday, so me too.
Today no trades for me, New York is in holiday, so me too.
Don't trade because you think you have to do something.
- #204
- Edited 7:34pm Jun 19, 2024 7:22pm | Edited 7:34pm
- Joined Feb 2019 | Status: Trader | 1,019 Posts
Based on my domain and love to expert advisors , do you thing we can find a formula that can get the outpout of each indicator , and make the opening / closing positions 100% automatic ? is there a factor of success ? again thanks for sharing a nice strategy and excellent template and indicators.
However, achieving 100% success is challenging, as the markets are influenced by numerous unpredictable factors. While an automated system can improve efficiency and reduce emotional trading, it's essential to continuously monitor and adjust the system to adapt to changing market conditions. Success factors include robust backtesting, regular updates, and risk management strategies.
I have no experience in expert advisors. Making an expert for this system will require a step by step process starting with entry candle, then stoploss conditions etc etc.
- #205
- Jun 19, 2024 7:33pm Jun 19, 2024 7:33pm
- Joined Feb 2019 | Status: Trader | 1,019 Posts
Based on my domain and love to expert advisors
1) both alerts on same candle (this will be the entry candle).
2) TE 51 alert first followed by Gann 9 alert ( Gann 9 alert candle will be entry candle).
3) Gann 9 alert followed by TE 51 alert (TE 51 alert candle willbe entry candle).
Entry price should be close price of the candle.
Hope i am clear.
- #206
- Jun 19, 2024 7:56pm Jun 19, 2024 7:56pm
- Joined Feb 2019 | Status: Trader | 1,019 Posts
Alternative is to combine 3 indicators to create one alert when all conditions are meat
1) For buy : a) TE 51 buy alert. b) gann 9 buy alert. c) rsioma 12 below 50.
2) For sell : a) TE 51 sell alert. b) gann 9 sell alert. c) rsioma 12 above 50.
alert with push notification only on the first candle where all criteria are fullfilled.
This way we dont need to monitor all instruments, plan entry to desired price.
Any suggestions are welcome.
1) For buy : a) TE 51 buy alert. b) gann 9 buy alert. c) rsioma 12 below 50.
2) For sell : a) TE 51 sell alert. b) gann 9 sell alert. c) rsioma 12 above 50.
alert with push notification only on the first candle where all criteria are fullfilled.
This way we dont need to monitor all instruments, plan entry to desired price.
Any suggestions are welcome.
- #207
- Jun 19, 2024 10:37pm Jun 19, 2024 10:37pm
Alternative is to combine 3 indicators to create one alert when all conditions are meat 1) For buy : a) TE 51 buy alert. b) gann 9 buy alert. c) rsioma 12 below 50. 2) For sell : a) TE 51 sell alert. b) gann 9 sell alert. c) rsioma 12 above 50. alert with push notification only on the first candle where all criteria are fullfilled. This way we dont need to monitor all instruments, plan entry to desired price. Any suggestions are welcome.
Next phase would be development of the fully automated EA based on the finding and input of the alert indicator / dashboard.
- #208
- Jun 19, 2024 11:22pm Jun 19, 2024 11:22pm
Alternative is to combine 3 indicators to create one alert when all conditions are meat 1) For buy : a) TE 51 buy alert. b) gann 9 buy alert. c) rsioma 12 below 50. 2) For sell : a) TE 51 sell alert. b) gann 9 sell alert. c) rsioma 12 above 50. alert with push notification only on the first candle where all criteria are fullfilled. This way we dont need to monitor all instruments, plan entry to desired price. Any suggestions are welcome.
Confusion for me. Do you need all three conditions to return?
Or a + c
Or b + c
are sufficient?
Cheers
Jean-François
- #209
- Edited 3:45am Jun 20, 2024 1:43am | Edited 3:45am
euro open had a decent short signal on e/u
, out for +20 already going to try let the rest ride to the weekly low
got stopped out for +25 all up , might look for sell signal if it retraces more
, out for +20 already going to try let the rest ride to the weekly low
got stopped out for +25 all up , might look for sell signal if it retraces more
- #210
- Jun 20, 2024 3:23am Jun 20, 2024 3:23am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} Hi, Confusion for me. Do you need all three conditions to return? Or a + c Or b + c are sufficient? Cheers Jean-François
they might not comr on the same candle. may be b alert comes first then a, then c. or any combinations of the three.
- #211
- Jun 20, 2024 4:25am Jun 20, 2024 4:25am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
2 Trades according to a+b+c
- #212
- Jun 20, 2024 8:59am Jun 20, 2024 8:59am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
2 Trades according to a+b+c
still 8 min to candle close.
and this is the situation.
1) book profit?
2) trail SL to BE.
3) set target to swing low?
4) stay in trade till opposite alert?
what do you suggest?
- #213
- Jun 20, 2024 9:08am Jun 20, 2024 9:08am
- Joined Mar 2022 | Status: Trader | 6,586 Posts
Hi ForexFactory friends. Plan the Trade, then Trade the Plan. Here i am presenting the plan. study it first. trade in demo. when you feel comfortable only then take live trades. Best luck to all. Indicators used: Please dont download this file. Download the MTF version at the end of this post. {file} Templete: {file} {file} Guidelines: {file} {file} {file} {file} MTF Version please download and install indicators and templete again. {file} {file}
However, if there are no rules, the strategy is basically hit-or-miss.
You have no rules for TP and SL.
So, this means that sooner or later traders will start losing money, because they don't know where to exit.
You have defined the entry nicely, but then the rest is gambling.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
- #214
- Jun 20, 2024 9:08am Jun 20, 2024 9:08am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
I dont expect answer
I've made significant profits using this system, as you can see in my trade explorer. The consistent results speak for themselves. I highly encourage everyone to give this method a try. By following the guidelines and being disciplined, you can also experience similar success.
trade in demo. get used to the system.
I've made significant profits using this system, as you can see in my trade explorer. The consistent results speak for themselves. I highly encourage everyone to give this method a try. By following the guidelines and being disciplined, you can also experience similar success.
trade in demo. get used to the system.
- #216
- Jun 20, 2024 9:15am Jun 20, 2024 9:15am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} Everything nice and cool, my friend. However, if there are no rules, the strategy is basically hit-or-miss. You have no rules for TP and SL. So, this means that sooner or later traders will start losing money, because they don't know where to exit. You have defined the entry nicely, but then the rest is gambling.
- #217
- Jun 20, 2024 9:17am Jun 20, 2024 9:17am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} Everything nice and cool, my friend. However, if there are no rules, the strategy is basically hit-or-miss. You have no rules for TP and SL. So, this means that sooner or later traders will start losing money, because they don't know where to exit. You have defined the entry nicely, but then the rest is gambling.
- #218
- Jun 20, 2024 9:20am Jun 20, 2024 9:20am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
Demo trading is not the same as real account. Truth!
- #219
- Jun 20, 2024 9:29am Jun 20, 2024 9:29am
- Joined Mar 2022 | Status: Trader | 6,586 Posts
Further discussing this strategy, by the example of the above Short on EURUSD:
If we consider that the strategy requires the confluence of minimum 3 elements, I am not sure there was a valid entry:
My magenta line shows where the histograms matched.
And in that point the oscillator definitely was at Oversold, so no valid Entry.
A better Entry would be on the Break candle, there:
However, at that moment the histograms didn't match, and the oscillator was also near oversold levels.
So, this means that according to the rules of this strategy there was no valid Short Entry?
If we consider that the strategy requires the confluence of minimum 3 elements, I am not sure there was a valid entry:
My magenta line shows where the histograms matched.
And in that point the oscillator definitely was at Oversold, so no valid Entry.
A better Entry would be on the Break candle, there:
However, at that moment the histograms didn't match, and the oscillator was also near oversold levels.
So, this means that according to the rules of this strategy there was no valid Short Entry?
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
- #220
- Jun 20, 2024 9:30am Jun 20, 2024 9:30am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
Imagine a class of 50 students and one teacher. one student tops the class. and 2 students fail. Who will you blame? the teacher?