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multiple systems per pair/multiple pairs per system? 3 replies

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(binned per thread starter’s request) A system to capture open

  • #21
  • May 17, 2025 3:30am May 17, 2025 3:30am
Quoting axecap
{quote} I only suggest because some of the moves on NZD are bigger , NJ for example
Really? Got some research to share about that? Seems they move together, I highlight the Daily but check out time frames.

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MAY THE TREND BE WITH YOU
  • #22
  • May 17, 2025 4:33am May 17, 2025 4:33am
Quoting RiskFighter
{quote} Regarded the timing. This is always difficult. Here in my humble office i have these times to understand: GMT UTC - not the same as GMT DNT - Danish Normal Time ?? - if there is a chat, where is the person located - timezone? Brokertime - this is the chart time. (Where the brokers server is placed)- summertime/vintertime - different in some weeks between Europe and US. So when I make a robot I always let the user input the wanted times, at his input will be read as the chart time (broker time). So you guys can play with the timing as you...
Done. It took me 10 minutes to make this robot. Hope I got the rules right, otherwise it is easy to make changes.

Monday I will test and correct the errors I always make. So I will release first testversion monday.
MetaTrader 4 - so many advantages.
  • #23
  • May 17, 2025 4:45am May 17, 2025 4:45am
Quoting RiskFighter
{quote} Done. It took me 10 minutes to make this robot. Hope I got the rules right, otherwise it is easy to make changes. Monday I will test and correct the errors I always make. So I will release first testversion monday.
Thanks RF,
Do you want to send me the alarm indicator so I can test it first thing Monday?
Your trade order needs to be in the right place at the right time.
  • #24
  • May 17, 2025 5:05am May 17, 2025 5:05am
Quoting Islandfx911
{quote} Thanks RF, Do you want to send me the alarm indicator so I can test it first thing Monday?
Good idea. But let me test it first myself. There might be obvious errors.
MetaTrader 4 - so many advantages.
  • #25
  • May 17, 2025 5:06am May 17, 2025 5:06am
Quoting Islandfx911
{quote} Thanks RF, Do you want to send me the alarm indicator so I can test it first thing Monday?
So how do I send it to you? If I shall use mail, then you can PM an adress to me.
MetaTrader 4 - so many advantages.
  • #26
  • May 17, 2025 5:29am May 17, 2025 5:29am
Quoting RiskFighter
{quote} So how do I send it to you? If I shall use mail, then you can PM an adress to me.
Hi RF,
I have sent you my email address via PM
Your trade order needs to be in the right place at the right time.
  • #27
  • May 17, 2025 7:02am May 17, 2025 7:02am
Hi Island,
Thrust bar defined as close max 25% from the extreme? I.e. up thrust has a close of less than 25% from the top.
Just checking ;-)

Cheers
F
  • #28
  • May 17, 2025 7:32am May 17, 2025 7:32am
Quoting Islandfx911
This is a basic system that can be used to capture the market opening move. I have talked about this system before, it is nothing new. 5 SMA bands of high and low. Time frame is up to you. I use 15m but that is not firm. Rules for a BUY and SELL 1. Only place trades in the first 1.5Hrs of the market open 2. Price has traded outside the bands and closes off the high or low or closes as a thrust bar. 3. Enter on a close inside the bands. 4. Take profit at support and resistance levels. That's it. I will post a few charts, it' is up to you to explore...
2. Price has traded outside the bands and closes off the high or low or closes as a thrust bar.

I have some doubts now that I reread it.
Price has traded outside the bands - do you mean that both open and close prise have been outside the band?
closes off the high or low - do you mean that there shall always be a spike on both ends?
MetaTrader 4 - so many advantages.
  • #29
  • Edited 8:12am May 17, 2025 7:56am | Edited 8:12am
Quoting forex-nl
Hi Island, Thrust bar defined as close max 25% from the extreme? I.e. up thrust has a close of less than 25% from the top. Just checking ;-) Cheers F
Hi Island

I found this description of a Thrust bar. An Engulfing bar but with some circumstanses as described in the article.

Do you agree about that definition? If you do, I will implement a Thrust bar filter. It has some requirements regarding Bull, Bear, Volume and smart money, so it will take some time. But I think it will be usefull.

Upthrust Bar | Volume-Price Analysis (https://www.marketvolume.com/vsa/upthrust-bar.asp)

Edit: We cannot talk about Volume on Forex, since the market is devided on loads of brokers, so I can look away from that part. It leaves us with a large Engulfing bar in the opposit direction of a nice trend and closing inside the band.
MetaTrader 4 - so many advantages.
  • #30
  • May 17, 2025 7:57am May 17, 2025 7:57am
Quoting Islandfx911
This is a basic system that can be used to capture the market opening move. I have talked about this system before, it is nothing new. 5 SMA bands of high and low. Time frame is up to you. I use 15m but that is not firm. Rules for a BUY and SELL 1. Only place trades in the first 1.5Hrs of the market open 2. Price has traded outside the bands and closes off the high or low or closes as a thrust bar. 3. Enter on a close inside the bands. 4. Take profit at support and resistance levels. That's it. I will post a few charts, it' is up to you to explore...
Hi @Islandfx911
I'm having some trouble to clearly understand the rules as per Erebus and RiskFighter comments.
Can I suggest to write the time for trading in GMT format so it's the same for everybody despite their location on the globe.
Thanks
  • #31
  • May 17, 2025 8:36am May 17, 2025 8:36am
Quoting RiskFighter
{quote} 2. Price has traded outside the bands and closes off the high or low or closes as a thrust bar. I have some doubts now that I reread it. Price has traded outside the bands - do you mean that both open and close prise have been outside the band? closes off the high or low - do you mean that there shall always be a spike on both ends?
Hi RF is it possible to highlight the THRUST BAR with a painted Colour and signal alert again how many bars will the 1.5 be or how many bars from the day opening can someone have before the appearance of the THRUST BAR. Thanks
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  • #32
  • Edited 10:07am May 17, 2025 9:43am | Edited 10:07am
Quoting Slingshots1
{quote} Hi RF is it possible to highlight the THRUST BAR with a painted Colour and signal alert again how many bars will the 1.5 be or how many bars from the day opening can someone have before the appearance of the THRUST BAR. Thanks {image}
I can mark the bars. Not by a colour but something that is easy to spot. A large Star. And possibility to switch this symbol on/off, so that it does not disturb anything.

But we need confirmation from Island. The OP is always the boss.
MetaTrader 4 - so many advantages.
  • #33
  • May 17, 2025 9:56am May 17, 2025 9:56am
Quoting Slingshots1
{quote} Hi RF is it possible to highlight the THRUST BAR with a painted Colour and signal alert again how many bars will the 1.5 be or how many bars from the day opening can someone have before the appearance of the THRUST BAR. Thanks {image}
What kind of channel do you have on that chart??
MetaTrader 4 - so many advantages.
  • #34
  • May 17, 2025 10:12am May 17, 2025 10:12am
Quoting Islandfx911
This is a basic system that can be used to capture the market opening move. I have talked about this system before, it is nothing new. 5 SMA bands of high and low. Time frame is up to you. I use 15m but that is not firm. Rules for a BUY and SELL 1. Only place trades in the first 1.5Hrs of the market open 2. Price has traded outside the bands and closes off the high or low or closes as a thrust bar. 3. Enter on a close inside the bands. 4. Take profit at support and resistance levels. That's it. I will post a few charts, it' is up to you to explore...
Interesting thread...I see some inconsistencies..why did you not take this long trade?
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  • #35
  • May 17, 2025 4:34pm May 17, 2025 4:34pm
Quoting driven18
{quote} Interesting thread...I see some inconsistencies..why did you not take this long trade? {image}
Hi Driven,
The bars you have highlighted are before the trading time I stated.
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The start of trading and the 1st bar I will trade is the 2.45 bar that closes inside the bands.
Any inconsistencies you see post them and we can discuss to clarify.
Your trade order needs to be in the right place at the right time.
  • #36
  • May 17, 2025 4:50pm May 17, 2025 4:50pm
I think it would be good to forget about alarms / alerts for the moment and concentrate on the basic setup parameters. I'll post trades this week and answer questions then people can get into RF's alarm / alert.
Your trade order needs to be in the right place at the right time.
  • #37
  • May 17, 2025 7:15pm May 17, 2025 7:15pm
Quoting Islandfx911
{quote} Hi Driven, The bars you have highlighted are before the trading time I stated. {image} The start of trading and the 1st bar I will trade is the 2.45 bar that closes inside the bands. Any inconsistencies you see post them and we can discuss to clarify.
Good answer...try to post your trades this week from 1 or 2 of your favorite chosen instruments, whatever they are.

I like the way you present it , not to come into the trades streeeeeeeeeetched out too much.
  • #38
  • May 17, 2025 8:07pm May 17, 2025 8:07pm
Quoting Islandfx911
This is a basic system that can be used to capture the market opening move. I have talked about this system before, it is nothing new. 5 SMA bands of high and low. Time frame is up to you. I use 15m but that is not firm. Rules for a BUY and SELL 1. Only place trades in the first 1.5Hrs of the market open 2. Price has traded outside the bands and closes off the high or low or closes as a thrust bar. 3. Enter on a close inside the bands. 4. Take profit at support and resistance levels. That's it. I will post a few charts, it' is up to you to explore...
Hi Islandfx911

That's a setup I trade all the time, except I am first Long and then Short before you get your first entry signal.
Its my secret sauce 92% winner.

What is a Upthrust Bar? (Future's or Stock Market Bar)

1.. It starts with High Ask Imbalance with 2-3 times normal volume levels.
2.. Big players start to stack the Ask book with Sell Orders
3.. This triggers Type B Algo's to attack the Asks creating a Bullish thrust.
4.. Stops get trigger causing a instant move up creating a Gap in its place.
5.. No more Stops? - price collapses to fill gap creating a Bearish trend.
6.. Maybe it sells off now. RickM is out with nice profits for his Long then short and Islandfx911 gets in for his setup.

Look at GOLD - Best thrust bars on the market on a good day
Trading thin liquidity at the boundary of the charts
  • #39
  • May 17, 2025 8:14pm May 17, 2025 8:14pm
Quoting Islandfx911
I think it would be good to forget about alarms / alerts for the moment and concentrate on the basic setup parameters. I'll post trades this week and answer questions then people can get into RF's alarm / alert.
OK
MetaTrader 4 - so many advantages.
  • #40
  • May 17, 2025 8:14pm May 17, 2025 8:14pm
Quoting Islandfx911
{quote} Hi Driven, The bars you have highlighted are before the trading time I stated. {image} The start of trading and the 1st bar I will trade is the 2.45 bar that closes inside the bands. Any inconsistencies you see post them and we can discuss to clarify.

that is your Sydney session 9am hour. Tokyo open at the 10am hour.

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