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Guppy re-invented

  • #321
  • Jun 23, 2024 2:48am Jun 23, 2024 2:48am
Quoting le celte
When I activate the button on the side, Support & Resistance, it is clearer to position your SL and your TP {image} Some indies are very useful, others are not. Tip: Clear your chart of what is useless
Hello le celte, thanks for posting. I like your chart and your understanding. Yes when the indicators are understood and what they do (break of EMA chanel) then you can modify your chart to suit one's style. Mine is something similar to Michael's where I have converted Doctor's signal in to wiggly and arrows. And support / resistance indicator on my chart. Trade in the direction of the trend (sub-windows) when signal is given.

But it is best to stick to Doctor's original template for those that are new.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.pM15.png Size: 38 KB
  • #322
  • Jun 23, 2024 3:23am Jun 23, 2024 3:23am
Quoting le celte
This is just to show you what can be done simply and effectively with the same indicators. Santé jean-françois {image}
Sir,
1) It is also possible to remove all lines and arrows and keep only the alerts working. This way it will be like trading naked charts.
Also it is possible to use only alerts in your own charts as Michael is doing successfully. As i have already said if you can read between the lines, you need only alerts. I have made charts user friendly so that just by looking at the last candle, a trading decision can be made. No analysis required.

2) I assure you sir, none of the indicators repaint.
I have modified the indicators, especially the alerts to make it easy to identify which indicator has produced alert, at what time frame and what is the significance of that alert.( even the alert is seen on mobile phone). I have renamed the indicators for convinience and do not take any credit for them.

3) Every line on the chart has its own significance while making trading decisions. To understand this please translate and read the documentation in the first post. Then you will understand why the chart needs to remain the same.

Happy Trading
  • #323
  • Jun 23, 2024 3:30am Jun 23, 2024 3:30am
Significance and interpretation of Histogram on M15 and H1 charts, for traders who like to follow higher tme frame trends and trade in lower time frames.

Attached File(s)
File Type: docx HISTOGRAM M15 H4.docx   174 KB | 273 downloads


  • #324
  • Jun 23, 2024 3:49am Jun 23, 2024 3:49am
Quoting walvekarraje
Significance and interpretation of Histogram on M15 and H1 charts, for traders who like to follow higher tme frame trends and trade in lower time frames. {file}
Very clear and precise! Thank you Dr!
  • #325
  • Jun 23, 2024 4:37am Jun 23, 2024 4:37am
Quoting walvekarraje
To get a earlier entry, go to H1. The candle which satisfies all our criteria is our entry candle. {image} After entry go back to H4 to monitor your trade.
Look at the H4 and H1 images and see how precise the entry can be on H1 chart.
This is a live trade taken in demo account.
  • #326
  • Jun 23, 2024 4:58am Jun 23, 2024 4:58am
Everyone is making an effort to simplify and make the charts more readable. ( I fail to understand why?) Everyone is free to use the indicators and alerts and add them to their own trading systems and trading styles. However, to maintain consistency and ensure everyone can follow along easily, I kindly request that we stick to the original template and settings. This way, we can all discuss and learn from the same setup, ensuring clarity and uniformity in our analysis. I hope you understand and continue to find value in the system as it is.
  • #327
  • Jun 23, 2024 5:17am Jun 23, 2024 5:17am
The charts and all indicators together form a comprehensive trading system that is both easy to analyze and visually appealing. Apart from good entry signals there is much more to learn and understand. Entry if you have missed the initial entry, re-entry, adding to positions, extracting maximum profit in a healthy trend etc etc. Finding support and resistance is good but we have see these levels broken all the time in a stong trend. we have seen so many times that after your tatgets are reached, the trend contiues much further, otherwise how new highs and lows will be formed?
A request again to stick to the templete.

  • #328
  • Jun 23, 2024 5:32am Jun 23, 2024 5:32am
Quoting walvekarraje
The charts and all indicators together form a comprehensive trading system that is both easy to analyze and visually appealing. Apart from good entry signals there is much more to learn and understand. Entry if you have missed the initial entry, re-entry, adding to positions, extracting maximum profit in a healthy trend etc etc. Finding support and resistance is good but we have see these levels broken all the time in a stong trend. we have seen so many times that after your tatgets are reached, the trend contiues much further, otherwise how new...
I completely agree with you Dr.! We all can easily post modified charts as we have done already. But that will diminish the actual learning and exploring of the system as is on which you have spent a lot of time fine tuning. It has only been a little over a week and we are busy doing our best to change the original system.

Now if anyone can create a Scanner Alert for Multiple Pairs to be monitored and alert us to a potential trade, that would be amazing! Any coders want to take this challenge?
  • #329
  • Jun 23, 2024 6:20am Jun 23, 2024 6:20am
I agree with you Doc. and also with you Hashzar that we should not deviate from the purpose of the whole thread by watering it down with charts other than
the charts of Dr Rajesh.
IF you do make changes for your own purposes then it's good if you keep it to yourself besides explaining here on the thread what changes you have made and how it affects or enhances the outcomes of the original system.
This is a fantastic system that (I believe) can benefit us all if we brainstorm our experiences and also to share pitfalls and difficulties we encounter on the way forward.
I trust that my observations will not annoy anyone here.
Maybe if someone could share how to create a window within a window to monitor a smaller timeframe like the 15M (small window) on a 4H to be able to see a pullback while trading the 4H.
  • #330
  • Jun 23, 2024 5:41pm Jun 23, 2024 5:41pm
Quoting walvekarraje
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.
Any progress on this request?
  • #331
  • Jun 24, 2024 3:56am Jun 24, 2024 3:56am
hello friends, help with installation
Attached Image (click to enlarge)
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  • #332
  • Jun 24, 2024 4:08am Jun 24, 2024 4:08am
Quoting walvekarraje
Identifying false breakout
How to identify false breakout here, at the last right gann green vertical line? (I mean if it was the real time trading, not post chart analysis)
Attached Image (click to enlarge)
Click to Enlarge Name: Classify-countries_ukr-1_m.png Size: 93 KB
Just an opinion. Based on research
  • #333
  • Jun 24, 2024 5:13am Jun 24, 2024 5:13am
Hello walvekarraje!
Am I correct in entering an order like this?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 72 KB
Sorry I used google translate
  • #334
  • Jun 24, 2024 5:21am Jun 24, 2024 5:21am
Quoting PMT
Hello walvekarraje! Am I correct in entering an order like this? {image}
Excuse me may I kindly ask
why don't we enter absolutely the same situation earlier, at the yellow vertical zone (with the result you can see)?
Attached Image (click to enlarge)
Click to Enlarge Name: hhhhhhhhhhh.jpg Size: 217 KB
Just an opinion. Based on research
  • #335
  • Jun 24, 2024 5:29am Jun 24, 2024 5:29am
How do you explain why markets should follow your pattern, where predicting power comes from. If it's too complicated, not many traders can rediscover and follow it, creating self-reinforcing loop that explains predictability. That's why I'm not a fan of complex patterns - too unlikely sufficiently many traders recognise and follow it.
  • #336
  • Jun 24, 2024 5:36am Jun 24, 2024 5:36am
Once again about breaks:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFM15.png Size: 40 KB

Situation in dynamics between 2 bold v-lines (with all the indicators agreement):
Range - move up - pullback - move up - BOS - fail - move down - pullback - move down - BOS - trend down
How to select during the real time trading?
Just an opinion. Based on research
  • #337
  • Jun 24, 2024 6:55am Jun 24, 2024 6:55am
Quoting since80808
{quote} Excuse me may I kindly ask why don't we enter absolutely the same situation earlier, at the yellow vertical zone (with the result you can see)? {image}
Maybe because I'm new to it I don't see it.
Sorry I used google translate
  • #338
  • Jun 24, 2024 7:00am Jun 24, 2024 7:00am
Quoting PMT
Hello walvekarraje! Am I correct in entering an order like this? {image}
Hi PMT, H4 is clearly in a Downtrend. Best is to wait for a pullback and re-enter short in the direction of H4 trend if the setup presents itself. Going long here would be too risky in my opinion.

Also, wait for H4 candle to close before making an entry decision. Because price can drop before candle close and signal is not valid anymore.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD - 6-24.png Size: 61 KB
  • #339
  • Jun 24, 2024 7:15am Jun 24, 2024 7:15am
Quoting uznodir91
hello friends, help with installation
.
I rechecked again. indicators and templete are working fine at my end.
copy indicators to MQL4:Indicators folder and Guppy Reinvented MTF to templets folder.

  • #340
  • Jun 24, 2024 7:25am Jun 24, 2024 7:25am
Quoting since80808
{quote}How to identify false breakout here, at the last right gann green vertical line? (I mean if it was the real time trading, not post chart analysis)
For a "False breakdown" least one candle should close below the TE 51 line and print arrow ( star in circle).
in your image there is no "False Breakdown" as the uptrend is intact. The entry at the close of your last candle and there are no red/magenta lines above the candle then this is justified as a continuation trade.

" False breakout" is in Down trend and "False breakdown" is in Up trend.
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