Auslanco - GBP/JPY and GBP/USD (newstrade)

Quoting Que

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The defaul is correct. Smoothing Factor of 5 is what Aus said to use on VT. The default on this indicator is 5. The default values on this = QQE Smoothing Factor 5. I just tested it again on another comp on another broker.

FYI:

The default value on VT is Smoothing Factor 2. This is not what Aus said to use. If you are using SF 2 on VT I believe you are not using it correctly. If you want this indicator to be SM 2, you just put 2 in the Smoothing field.

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Quoting Que

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The defaul is correct. Smoothing Factor of 5 is what Aus said to use on VT. The default on this indicator is 5. The default values on this = QQE Smoothing Factor 5. I just tested it again on another comp on another broker.

FYI:

The default value on VT is Smoothing Factor 2. This is not what Aus said to use. If you are using SF 2 on VT I believe you are not using it correctly. If you want this indicator to be SM 2, you just put 2 in the Smoothing field.

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Quoting auslanco

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Oh boy.. whats going on here.. I had my best sleep in weeks and GJ went down 50000 pips

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Quoting bluerose

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Good evening, Asulanco,

I'm glad that you had a good rest! It is very important to have a good rest. I stopped trading and went on vacation after I could not figure out which number is higher than which number on the chart due to lack of sleep .

BTW, everyone has been waiting for you to answer on when do you judge that the retracement is over, if I recalled correctly.

Happy Trading! BR

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Quoting auslanco

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4 hr 5sma retracement is due... but the new 1hr bar wants to push the price down further. I went long a small position.. But this wave could go down to 230.87 before the next major 300 pip retracement. so be careful

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Quoting my2buoys

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When your stop gets hit.

M2B

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Quoting quickpips

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I believe that the setting we use is 5 for the smoothing factor. However there are two other settings on the MT4 version that I wanted to double check what settings you are using, the default is 14 for them. Thanks!

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Quoting markam

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The UJ pair seems to be the key to GJ right now. GJ seems to be tracking its rise and fall pretty closely. Has anybody looked at UJ to see if it appears to be in danger of retracement?

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Quoting trader8686

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Because we just had the 1 hr 5 sma hit, so 4 hr retracement is due, next.
I guess that 300 pips retracement due on the daily bar 5 sma.

(Thanks for correcting me if I were wrong.)

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Quoting maestr2

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Hi Que: Thanks for the indicator. I may be too dumb to understand what all the lines mean. VT's QQE has green line that we watch for 2 things (as I understand it). One is to cross the 50 line and the other is to cross over the dotted line.

Which lines on your indicator match these? Not sure if making myself clear. On yours, there is red, green blue and thin black line plus group of black lines at bottom (what are those).

Thanks for any help and sorry if I am too thickheaded to get this.

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Quoting Que

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There is not two other settings to be set. There is another QQE MT4 indicator floating around that is incorrect. First of all, the period is 14 and should not be setable. The period is not setable in VT without changing the code for a reason, they do not want you to mess it up. I have done the same thing.

The only seeting you should change is the smoothing factor, just as in VT.

Lay the charts next to eachother and you will see no difference except how VT has a rounding error on the Slow under certian circumstances.

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Quoting Que

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Also,

Look at VT on the H4 and look at 8/13/07 00:00. This is an example of the VT rounding error. As you see on the VT chart there was a crossover, yet look at price.

On the MT4 version, there was not upwards cross of the QQE lines at that time, as there is no rounding error. Thus you would not have recieved a head fake.

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