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Part Time Wealth Building Trading System

  • #261
  • Dec 7, 2006 11:30am Dec 7, 2006 11:30am
My MetaTrader4 System just froze. Is anybody else experiencing this problem?

Thanks,

Tkimble
  • #262
  • Dec 7, 2006 11:33am Dec 7, 2006 11:33am
Quoting tkimble
My MetaTrader4 System just froze. Is anybody else experiencing this problem?

Thanks,

Tkimble
Thanks anyway...

Tkimble
  • #263
  • Dec 7, 2006 1:10pm Dec 7, 2006 1:10pm
hi tkimble

Well ur concept seems to be nice i hv been tryin but cannot get these three 50 SMA plotted ... how do i draw em on http://www.dailyfx.com/charts/ChartStation.html

or

META Trader 4 ... PLease help if u can give some instruction step by step . so every whoever is confuse still can benefit .. thx for ur understanding always !
  • #264
  • Dec 7, 2006 2:28pm Dec 7, 2006 2:28pm
Quoting raheel23
hi tkimble

Well ur concept seems to be nice i hv been tryin but cannot get these three 50 SMA plotted ... how do i draw em on http://www.dailyfx.com/charts/ChartStation.html

or

META Trader 4 ... PLease help if u can give some instruction step by step . so every whoever is confuse still can benefit .. thx for ur understanding always !
No problem. Select the "Indicators" icon in the MetaTrader trading platform. Then select the "Moving Averages" item and enter the first moving averages using the "High" as a parameter. Create two more moving averages by repeating this process. Use the "Close" and "Low" for the other two averages..

Hope this helps...

Tkimble
  • #265
  • Dec 7, 2006 2:59pm Dec 7, 2006 2:59pm
Will this system work with S&P e-mini? What time frame(s) will be more efficient to use ? What parameters and charts did you use when you were trading the S&P 500 (E-mini)?

Thank you..
  • #266
  • Dec 7, 2006 3:08pm Dec 7, 2006 3:08pm
Quoting tkimble
My MetaTrader4 System just froze. Is anybody else experiencing this problem?

Thanks,

Tkimble
Yes I am having the same problem.
Pip Goes The Weasel
  • #267
  • Dec 7, 2006 3:26pm Dec 7, 2006 3:26pm
StrategyBuilderFX has been locking up a lot lately. I have also downloaded the charts from Metatrader4.com. I have both in case one locks up I use the other.
  • #268
  • Dec 7, 2006 3:31pm Dec 7, 2006 3:31pm
Quoting oakie
StrategyBuilderFX has been locking up a lot lately. I have also downloaded the charts from Metatrader4.com. I have both in case one locks up I use the other.
Thats a good idea.

It seems to be running ok again now
Pip Goes The Weasel
  • #269
  • Dec 7, 2006 3:50pm Dec 7, 2006 3:50pm
Done ... 50 SMA Period is ok what does shift means when entering the SMA period by default we have shift value as 5 .. and tht makes another line to draw a snow colour ..


RSI .. again it say .. put it high ..low ..open .. H/L .. etc .. which one to choose ?

Thanks once again for ur help ! ..
  • #270
  • Dec 7, 2006 9:16pm Dec 7, 2006 9:16pm
Tkimble,

what do you do when price crosses the MA's but the RSI does not crosses the 50 line?

It happened today on the Cable. I shorted it, left it and when I checked again i saw that it had crossed the MA to the upside and after awhile it dropped again, all this without the RSI crossing the 50 line to the upside. I was wondering, if I was looking the chart when it crossed the upper MA would i have stopped my trade? Luckily I was not around and did not face` that dilemma. When I saw it it was again in the downtrend.

What is your experience with this? Do you stop when it crosses the MA's?
  • #271
  • Dec 8, 2006 1:26am Dec 8, 2006 1:26am
al,

i am not tk but i think he reverses the trade only when both price closes above/below ma and rsi goes above/below 50.

also me thinks he waits to be stopped out before reversing, though i am less sure of that

Quoting alcastro
Tkimble,

what do you do when price crosses the MA's but the RSI does not crosses the 50 line?

It happened today on the Cable. I shorted it, left it and when I checked again i saw that it had crossed the MA to the upside and after awhile it dropped again, all this without the RSI crossing the 50 line to the upside. I was wondering, if I was looking the chart when it crossed the upper MA would i have stopped my trade? Luckily I was not around and did not face` that dilemma. When I saw it it was again in the downtrend.

What is your experience with this? Do you stop when it crosses the MA's?
  • #272
  • Dec 8, 2006 1:48am Dec 8, 2006 1:48am
For me the time rsi break down 50 or up 50 for +/- 1 i enter the market.no matter where the ma and the atr.atr just to determine the lots on trade.as long as in the trending market this should be good.to know the trend and how strong it is, i usually use vegas method.i love momentum.cheers
  • #273
  • Dec 8, 2006 3:19pm Dec 8, 2006 3:19pm
Hi everone

I have just joined this forum and also very new to the forex business.
Can anyone help me with the following: ( I didnt want to direct my questions to tkimble as I think he has already done lot of work) anyway

1) when doing RSI in MT4 theres a window in parameter tab Apply to: what one should have there.

2) Is there someone who can create an EA for tkimble strategy and please describe how to get that into the metatrader4.

I have read all 19 pages of this thread twice and didnt find any info for the above. However I seems to remeber reading about getting EA in MT4 somewhere in this forum but cant find it, so please if anyone knows pls put a link or point in the direction.

Thanks in advance
tasse
  • #274
  • Dec 10, 2006 4:32pm Dec 10, 2006 4:32pm
What are the RSI Parameters? Are the FIXED MIN and FIXED MAX unchecked or checked?
Is it applied to CLOSE, MEDIAN, etc..?

thanks
  • #275
  • Dec 10, 2006 10:22pm Dec 10, 2006 10:22pm
Quoting Grassroots
Will this system work with S&P e-mini? What time frame(s) will be more efficient to use ? What parameters and charts did you use when you were trading the S&P 500 (E-mini)?

Thank you..
It will work but you have to hold overnight positions and you will experience slippage..

Tkimble
  • #276
  • Dec 10, 2006 10:24pm Dec 10, 2006 10:24pm
Quoting alcastro
Tkimble,

what do you do when price crosses the MA's but the RSI does not crosses the 50 line?

It happened today on the Cable. I shorted it, left it and when I checked again i saw that it had crossed the MA to the upside and after awhile it dropped again, all this without the RSI crossing the 50 line to the upside. I was wondering, if I was looking the chart when it crossed the upper MA would i have stopped my trade? Luckily I was not around and did not face` that dilemma. When I saw it it was again in the downtrend.

What is your experience with this? Do you stop when it crosses the MA's?
If the RSI is below 50, you are only taking short trade...

Tkimble
  • #277
  • Dec 10, 2006 10:31pm Dec 10, 2006 10:31pm
Expected drawdown has begun. After several large pip gains (Over 1000 pips) during the last several trades, the system has produce some welcomed small losses. I say welcomed, because all systems trade in cycles of gains and losses and the idea is to minimize the losses while maximizing the gains. Eagerly await the drawdown cycle to end...

Happyt trading,

Tkimble
  • #278
  • Dec 10, 2006 10:37pm Dec 10, 2006 10:37pm
Are you using the 21 06 45 rsi?
  • #279
  • Dec 10, 2006 10:52pm Dec 10, 2006 10:52pm
Quoting dave1964
Are you using the 21 06 45 rsi?
I do not understand the "21 06" part. The RSI is a simple 45 period RSI...

Tkimble
  • #280
  • Dec 11, 2006 2:05am Dec 11, 2006 2:05am
tk,

that 9566 short should have still given you a 50 pip profit if you had moved your s/l once it had moved down 100 pips?




Quoting tkimble
Expected drawdown has begun. After several large pip gains (Over 1000 pips) during the last several trades, the system has produce some welcomed small losses. I say welcomed, because all systems trade in cycles of gains and losses and the idea is to minimize the losses while maximizing the gains. Eagerly await the drawdown cycle to end...

Happyt trading,

Tkimble
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