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daily signal

  • #1
  • First Post: Edited 2:40am Aug 3, 2007 1:35am | Edited 2:40am
Hello all..

Here.. make your own daily signal
Attached File(s)
File Type: zip pivot+signal (eng).zip   24 KB | 1,728 downloads
File Type: zip pivot+signal (indo).zip   27 KB | 1,049 downloads
  • #2
  • Aug 3, 2007 2:18am Aug 3, 2007 2:18am
thank you bro for sharing the file

sure, first i will test with demo account.
  • #3
  • Edited 2:53am Aug 3, 2007 2:23am | Edited 2:53am
Thanks for sharing.
  • #4
  • Aug 3, 2007 3:17am Aug 3, 2007 3:17am
Quoting wansh
thank you bro for sharing the file

sure, first i will test with demo account.
Okay wansh..

Thanks Smjones
  • #5
  • Aug 4, 2007 12:16am Aug 4, 2007 12:16am
Quoting zildjidan
Hello all..

Here.. make your own daily signal
Hai..i'm come from indonesia too. Your system seem interesting to me. I would like to test it in my trading. By the way what is the time frame do you use for calculate daily candlestick ? GMT0 or Indonesian time (GMT+8 in Bali)

Thanks
  • #6
  • Edited 5:51am Aug 4, 2007 5:31am | Edited 5:51am
Quoting W1BY
Hai..i'm come from indonesia too. Your system seem interesting to me. I would like to test it in my trading. By the way what is the time frame do you use for calculate daily candlestick ? GMT0 or Indonesian time (GMT+8 in Bali)

Thanks
Thanks W1BY.. I use GMT 0.
  • #7
  • Aug 4, 2007 8:11am Aug 4, 2007 8:11am
interesting, do you include sunday?
  • #8
  • Aug 4, 2007 8:49am Aug 4, 2007 8:49am
formidable!!!!!!!!
but when a position is opened it must close the other ?
  • #9
  • Edited 11:43am Aug 4, 2007 10:14am | Edited 11:43am

This looks really great.


To put things into prospective, the following details are taken from my MetaTrader program for previous day data (03Aug07):


High = 2.0460
Low = 2.0331
Open = 2.0366
Close = 2.0407


These figures may differ slightly depending on the broker.


Now, after keying the above figures into the excel file I got the following signals:


Buy stop 2.0419, TP+20, SL-40
Buy stop 2.0439, TP+60, SL-40


Sell stop 2.0379, TP-20, SL+40
Sell stop 2.0359, TP-60, SL+40


So, the next trading day I will have 4 limit orders in total.


Is this correct or am I missing something??

  • #10
  • Aug 4, 2007 3:22pm Aug 4, 2007 3:22pm
Yes, can you please explain the manner you used to get the results posted on the excel sheet? Thank you.
  • #11
  • Aug 4, 2007 10:28pm Aug 4, 2007 10:28pm
Quoting Justin

This looks really great.





To put things into prospective, the following details are taken from my MetaTrader program for previous day data (03Aug07):


High = 2.0460
Low = 2.0331
Open = 2.0366
Close = 2.0407


These figures may differ slightly depending on the broker.


Now, after keying the above figures into the excel file I got the following signals:


Buy stop 2.0419, TP+20, SL-40
Buy stop 2.0439, TP+60, SL-40


Sell stop 2.0379, TP-20, SL+40
Sell stop 2.0359, TP-60, SL+40


So, the next trading day I will have 4 limit orders in total.



Is this correct or am I missing something??

.. that signal mean:

Buy area at 2.0419 to 2.0439 with SL -40 and TP +20 to +60 (or use trailling stop every +20 pips with no TP).

And sell area at 2.0379 to 2.0359.

If touch one area close other order. Don't cut loss if price not touch SL. Next day u can open new order with new signal and close profit from the signal day before.

(I'm sorry for poor english)
  • #12
  • Aug 4, 2007 10:31pm Aug 4, 2007 10:31pm
Quoting mcmep11
interesting, do you include sunday?
I will correct that..
  • #13
  • Aug 4, 2007 11:42pm Aug 4, 2007 11:42pm
can u explain about the using of capital? i am lil confused about that.Suppose in every signal , the capital is $66.7. I am using 0.5% from $66.7 , how come it can directly multiply with $66.7 ? thanks
  • #14
  • Aug 5, 2007 2:50am Aug 5, 2007 2:50am
but when a position is opened it must close the other ?
  • #15
  • Aug 5, 2007 9:43am Aug 5, 2007 9:43am
So, you enter your orders for the next day at 0 GMT, correct? These are all limit orders, rather than market orders.

Do you mind telling us what method you used to get the results you posted? Was it a trailing stop or a take profit target?

Do you cancel the other orders once an order triggers?
  • #16
  • Aug 5, 2007 4:03pm Aug 5, 2007 4:03pm
Also, I notice "signal 3" tells us to place a "buy stop" at the close. Assuming no gaps, this order should trigger immediately, right? Since the open should be about what the close is. Am I understanding this correctly?

Here are the numbers I came up with for the 3rd of August:

Open 2.0354
High 2.0465
Low 2.0336
Close 2.0405

Using these numbers, I come up with the following 6 limit orders to place, 3 buy stops and 3 sell stops. Are these correct?


Buy stop signal 1: 2.0420 with stop loss of -40 and target of +20 to +60
Buy stop signal 2: 2.0460 with stop loss of -50 and target of +10 to +50
Buy stop signal 3: 2.0405 with stop loss of -50 and target of +10 to +50

Sell stop signal 1: 2.0380 with stop loss of -40 and target of +20 to + 60
Sell stop signal 2: 2.0336 with stop loss of -50 and target of +10 to + 50
Sell stop signal 3: 2.0354 with stop loss of -50 and target of +10 to +50

Are these all correct? And also, do I cancel all 3 sell stop orders if one buy stop triggers first, and cancel all sell buy stop orders if 1 sell stop triggers first?

Is this the way you have been doing it?

Please explain.

Thank you.
  • #17
  • Aug 5, 2007 9:21pm Aug 5, 2007 9:21pm
Quoting Dreamliner
Also, I notice "signal 3" tells us to place a "buy stop" at the close. Assuming no gaps, this order should trigger immediately, right? Since the open should be about what the close is. Am I understanding this correctly?

Here are the numbers I came up with for the 3rd of August:

Open 2.0354
High 2.0465
Low 2.0336
Close 2.0405

Using these numbers, I come up with the following 6 limit orders to place, 3 buy stops and 3 sell stops. Are these correct?


Buy stop signal 1: 2.0420 with stop loss of -40 and target of +20 to +60
Buy stop signal 2: 2.0460 with stop loss of -50 and target of +10 to +50
Buy stop signal 3: 2.0405 with stop loss of -50 and target of +10 to +50

Sell stop signal 1: 2.0380 with stop loss of -40 and target of +20 to + 60
Sell stop signal 2: 2.0336 with stop loss of -50 and target of +10 to + 50
Sell stop signal 3: 2.0354 with stop loss of -50 and target of +10 to +50

Are these all correct? And also, do I cancel all 3 sell stop orders if one buy stop triggers first, and cancel all sell buy stop orders if 1 sell stop triggers first?

Is this the way you have been doing it?

Please explain.

Thank you.
Yes... but if buy stop for signal 1 triggers first u can cancel sell stop for signal 1 but dont cancel for other signal (signal 2 and 3). It's same for signal 2 and 3.
  • #18
  • Aug 5, 2007 9:25pm Aug 5, 2007 9:25pm
Quoting zildjidan
Yes... but if buy stop for signal 1 triggers first u can cancel sell stop for signal 1 but dont cancel for other signal (signal 2 and 3). It's same for signal 2 and 3.
OK but it looks like signal 3 buy stop will always trigger first, as it is right at the close of the previous day/open of the current day?
  • #19
  • Aug 5, 2007 9:26pm Aug 5, 2007 9:26pm
Quoting eagle
but when a position is opened it must close the other ?
if one position opened (buy or sell) close the other (buy or sell) for that signal but don't close order from other signal.
  • #20
  • Aug 6, 2007 12:09pm Aug 6, 2007 12:09pm
Is anyone demo trading this system? It looks like signal 3 produces simply a "market order" because it is at the current price (close of the day) when we go to open orders for the next day. Is this correct?
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