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Auslanco-GBP/JPY Strength Indicator strategy

  • #181
  • Aug 26, 2007 11:53pm Aug 26, 2007 11:53pm
Can someone tell me were to get the indicaotor for MT4 plz
Losers Complain, Winners Train! Utah
  • #182
  • Aug 27, 2007 1:37am Aug 27, 2007 1:37am
Mightypip,
Bottom of page 7. Down load the zip file..
  • #183
  • Edited 8:48am Aug 27, 2007 8:36am | Edited 8:48am
I changed a bit the TFT indicator to be able to change colours.
it's a modified version of creztor SSL indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: tft colour.jpg Size: 38 KB
Attached File(s)
File Type: mq4 TFT colour.mq4   2 KB | 1,629 downloads
  • #184
  • Aug 27, 2007 11:29am Aug 27, 2007 11:29am
just curious, what's that QQE second dotted red line for?
Nihil Sine Deo.
  • #185
  • Aug 27, 2007 12:32pm Aug 27, 2007 12:32pm
Quoting Que
Ok New QQE Alert

Changes:

Now has Price on Output
User Defined text before price on Output
Alerts only trigger One Time, not Two for each Alert


*Note* Can not change sound as the PlaySound function and the Alert Function does not work together in an indicator. If you change your Alert sound in the options page of MT4 it will change it for all alerts.
Que.. You can play different sounds for different alerts.
Check the PlaySound() function
WAV files must be in the terminal_dir\sounds directory or in its subdirectory.
I could uptade the indicator but I don't have your code.
  • #186
  • Aug 27, 2007 1:05pm Aug 27, 2007 1:05pm
Quoting emda
Que.. You can play different sounds for different alerts.
Check the PlaySound() function
WAV files must be in the terminal_dir\sounds directory or in its subdirectory.
I could uptade the indicator but I don't have your code.

No you can not. If you are using an Alert in the indicator (Which I am) the Playsound() has a bug and will not work. You can look this up on the forum, it has been discussed many times.

Alternativly, I could not do an alert and do a Playsound(), Print(), and MessageBox(). I am unsure if I want to do that at this time though.

BTW, please look at your TFT code as the math is a bit wrong.
Que
  • #187
  • Aug 27, 2007 2:04pm Aug 27, 2007 2:04pm
Quoting Que
No you can not. If you are using an Alert in the indicator (Which I am) the Playsound() has a bug and will not work. You can look this up on the forum, it has been discussed many times.

Alternativly, I could not do an alert and do a Playsound(), Print(), and MessageBox(). I am unsure if I want to do that at this time though.

BTW, please look at your TFT code as the math is a bit wrong.
Maybe you don't need an Alert box... I don't like alert boxes too much. Only Playsound() and perhaps.. draw a VLINE in that candle, red or blue depending on the direction.

I didn't change the math of the TFT indicator... only added colours. It is based on the code of creztor indicator. I can see now differences between your indicator and this one... mmm
  • #188
  • Aug 27, 2007 2:18pm Aug 27, 2007 2:18pm
Hi:
I am new on this thread. Read all, couple of times. I like the simplicity of it.
Here are two charts 4H & 1H for GBP/JPY on July 31st. It seems that it was not a good trade.

Is there a way to avoid this somehow? Market went sideways here..

Is my analysis correct to go LONG?

Any help and guidence is appreciated.
TY
Pipmonger
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  • #189
  • Aug 27, 2007 3:07pm Aug 27, 2007 3:07pm
I have been following this system for a while, and I am very impressed. However I would prefer to use the Accucharts over VT or Meta. Anyone have a setup for Accucharts they can post please?

Thank you

Cpreacher
  • #190
  • Aug 27, 2007 3:21pm Aug 27, 2007 3:21pm
read the rule for opening a long position (i think it's first post of this thread):

"1hr charts: you only enter @ the point of the strength indicator cross over the 50 line upwards."

from what i see on the carts you posted, SI on h1 was above 50 (59... something... right?). which means that a retracement was due.
in this particular case, you should have waited for SI to go below or at least touch 50, and then only enter IF you see SI > 50 AFTER a candle close. IF, remember, IF h4 conditions are still allowing the long position.

i hope i was clear enough.

Quoting pipmonger
Hi:
I am new on this thread. Read all, couple of times. I like the simplicity of it.
Here are two charts 4H & 1H for GBP/JPY on July 31st. It seems that it was not a good trade.

Is there a way to avoid this somehow? Market went sideways here..

Is my analysis correct to go LONG?

Any help and guidence is appreciated.
TY
Pipmonger
Nihil Sine Deo.
  • #191
  • Aug 27, 2007 8:40pm Aug 27, 2007 8:40pm
Thank you SCRAT:

(1) I have read all and yes, the rules are on 1st post. I printed this and other supporting info on this subject throughout the thread.

(2) 4HR chart has to setup before looking into 1 Hr. In the 4HR chart as you can see that the setup was completed 7/31/07 @ 00HR candle that was closed at 04:00. ONLY after this candle completion, the 4 HR setup was according to rules. RIGHT?

(3) Now I go to 1Hr chart, which already has crossed over 50 (58.82)and candle is over GANN /TFT line. The setup is already there to go long.

(4) QUESTION that you raised is SI is about 59 (58.82) and yes you are correcdt saying 59-( close). So what is the cutoff point? How far should it be to consider for a retracement? This was the status when 4Hr chart signal was generated, in this case Simultaniously... when 4Hr canlde completed.

I understood that SI has to be way high up there to consider for retracement? Is 59 way up? I don't know.

I hope this explains my understanding.

Hopefully AUSLANCO, or someone with experience will comment on this.

Thanks again.
Pipmonger


Quoting Scrat
read the rule for opening a long position (i think it's first post of this thread):

"1hr charts: you only enter @ the point of the strength indicator cross over the 50 line upwards."

from what i see on the carts you posted, SI on h1 was above 50 (59... something... right?). which means that a retracement was due.
in this particular case, you should have waited for SI to go below or at least touch 50, and then only enter IF you see SI > 50 AFTER a candle close. IF, remember, IF h4 conditions are still allowing the long position.

i hope i was clear enough.
  • #192
  • Aug 27, 2007 11:58pm Aug 27, 2007 11:58pm
Quoting auslanco
Current charts as of Sunday 5th August @ 2.53GMT (10.53EST)


4hr strength indicator still hasn't crossed down to bearish.
1 hr crossed down below the 50 line.
Both 1hr & 4hr price bars are below the TFT line

Interpretation: When I get my new chart updates on Monday Asian session I would expect the 4hr Strength Indicator to be crossed down. But the 1hr Strength indicator is way below the 50 line.My usual entry point is when the strength indicator cross @the 50 line on 1hr charts, providing that 4hr strength indicator has turned bearish already.. There for I will wait until the 1hr strength indicator cross upwards and cross downward again before I enter.. as there could be a retracemnt around to 241.40 area @ asian early to mid hours before it starts a bearish rally.

Do I have ANY of this correct?

1.) The 4 HR SI is bearish (BUT not crossed.)
2.) However, 1HR SI is well below the 50 line
3.) Entry is defined to be the 1 HR SI 50 point (therfore, a retracement to 241.20-40 level possible.)
4.) Wait until 1HR crosses-up over 50 and then drops below 50
5.) Enter SHORT

How do we know that a retracement to 241.20-40 is likely?

Sorry to sound like the DUNCE of the class!

Best Regards, K

http://www.forexfactory.com/attachme...1&d=1188276653
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  • #193
  • Aug 28, 2007 12:08am Aug 28, 2007 12:08am
May I ask you learned guys for a few simple, clear 4HR and 1HR chart setups? After all, a picture is worth a thousand words!

And if you're bored with trading (at 2:30AM somewhere in the World) would you please post a picture of a 4HR and 1HR retracement setup.

Thank you and Highest Regards,

K
  • #194
  • Aug 28, 2007 12:19am Aug 28, 2007 12:19am
241.44 long
  • #195
  • Aug 28, 2007 12:33am Aug 28, 2007 12:33am
if it gets below here not much left in the way of support could see a nice dropa couple hundred pips, me thinks support will hold gotta run have a great night peace love and blue skies
  • #196
  • Aug 28, 2007 6:23am Aug 28, 2007 6:23am
look at current configuration, there might be a chance to go short again:
- h4 qqe already crossed down, so that's a sell signal;
- now you're waiting for a sell entry: h1 qqe should cross down AND price must go below TFT line. if these don't happen, then do not enter short.

Quoting pipmonger
Thank you SCRAT:

(1) I have read all and yes, the rules are on 1st post. I printed this and other supporting info on this subject throughout the thread.

(2) 4HR chart has to setup before looking into 1 Hr. In the 4HR chart as you can see that the setup was completed 7/31/07 @ 00HR candle that was closed at 04:00. ONLY after this candle completion, the 4 HR setup was according to rules. RIGHT?

(3) Now I go to 1Hr chart, which already has crossed over 50 (58.82)and candle is over GANN /TFT line. The setup is already there to go long.

(4) QUESTION that you raised is SI is about 59 (58.82) and yes you are correcdt saying 59-( close). So what is the cutoff point? How far should it be to consider for a retracement? This was the status when 4Hr chart signal was generated, in this case Simultaniously... when 4Hr canlde completed.

I understood that SI has to be way high up there to consider for retracement? Is 59 way up? I don't know.

I hope this explains my understanding.

Hopefully AUSLANCO, or someone with experience will comment on this.

Thanks again.
Pipmonger
Nihil Sine Deo.
  • #197
  • Edited 5:10pm Aug 28, 2007 6:40am | Edited 5:10pm
if you don't understand why, here's the explanation: h1 charts are always faster than h4, so when you see a long configuration on h4 (in your case, qqe crosses up and candle closes above tft) you ALREADY have this on h1 for quite some time (remember, h1 qqe was already bullish... and at 59). so, to be sure that what you see on h4 is a trend, you wait for h1 to turn bearish (that would be a retracement... right?) and then you enter IF and WHEN h1 turns bullish again (assuming that h4 configuration is still bullish).
now let me explain you something else: on your example, h4 chart confirmed a long setup, which means that the trend signaled a possible change. POSSIBLE. obviously, h1 chart already signaled this. if the uptrend is meant to continue, then you are supposed to see a big wave up on h4 chart with some small retracements (or swings) down along the way. when you wait for h1 to turn bearish and then bullish again, you practically enter on one of these retracements/swings. which should be safer.
it's not important to be able to pick top/bottoms with high precision, but to be able to follow the trend. and for me, the safest way to follow the trend is to buy on dips (uptrend), and sell on rallies (downtrend). and that's what this system is supposed to do, that's why it's working so great.

Quoting pipmonger
Thank you SCRAT:

(1) I have read all and yes, the rules are on 1st post. I printed this and other supporting info on this subject throughout the thread.

(2) 4HR chart has to setup before looking into 1 Hr. In the 4HR chart as you can see that the setup was completed 7/31/07 @ 00HR candle that was closed at 04:00. ONLY after this candle completion, the 4 HR setup was according to rules. RIGHT?

(3) Now I go to 1Hr chart, which already has crossed over 50 (58.82)and candle is over GANN /TFT line. The setup is already there to go long.

(4) QUESTION that you raised is SI is about 59 (58.82) and yes you are correcdt saying 59-( close). So what is the cutoff point? How far should it be to consider for a retracement? This was the status when 4Hr chart signal was generated, in this case Simultaniously... when 4Hr canlde completed.

I understood that SI has to be way high up there to consider for retracement? Is 59 way up? I don't know.

I hope this explains my understanding.

Hopefully AUSLANCO, or someone with experience will comment on this.

Thanks again.
Pipmonger
Nihil Sine Deo.
  • #198
  • Aug 29, 2007 9:44am Aug 29, 2007 9:44am
Greetings all,

i need clarification on something: on main thread, someone mentioned Auslanco`s Level Stop and reversal system. Is this about placing StopLoss or something else?

thnx all in advance
  • #199
  • Aug 29, 2007 9:59am Aug 29, 2007 9:59am
Excellent explanation Scrat...

D.

Quoting Scrat
if you don't understand why, here's the explanation: h1 charts are always faster than h4, so when you see a long configuration on h4 (in your case, qqe crosses up and candle closes above tft) you ALREADY have this on h1 for quite some time (remember, h1 qqe was already bullish... and at 59). so, to be sure that what you see on h4 is a trend, you wait for h1 to turn bearish (that would be a retracement... right?) and then you enter IF and WHEN h1 turns bullish again (assuming that h4 configuration is still bullish).
now let me explain you something else: on your example, h4 chart confirmed a long setup, which means that the trend signaled a possible change. POSSIBLE. obviously, h1 chart already signaled this. if the uptrend is meant to continue, then you are supposed to see a big wave up on h4 chart with some small retracements (or swings) down along the way. when you wait for h1 to turn bearish and then bullish again, you practically enter on one of these retracements/swings. which should be safer.
it's not important to be able to pick top/bottoms with high precision, but to be able to follow the trend. and for me, the safest way to follow the trend is to buy on dips (uptrend), and sell on rallies (downtrend). and that's what this system is supposed to do, that's why it's working so great.
  • #200
  • Aug 30, 2007 7:05am Aug 30, 2007 7:05am
Thx SCRAT-


Quoting Scrat
if you don't understand why, here's the explanation: h1 charts are always faster than h4, so when you see a long configuration on h4 (in your case, qqe crosses up and candle closes above tft) you ALREADY have this on h1 for quite some time (remember, h1 qqe was already bullish... and at 59). so, to be sure that what you see on h4 is a trend, you wait for h1 to turn bearish (that would be a retracement... right?) and then you enter IF and WHEN h1 turns bullish again (assuming that h4 configuration is still bullish).
now let me explain you something else: on your example, h4 chart confirmed a long setup, which means that the trend signaled a possible change. POSSIBLE. obviously, h1 chart already signaled this. if the uptrend is meant to continue, then you are supposed to see a big wave up on h4 chart with some small retracements (or swings) down along the way. when you wait for h1 to turn bearish and then bullish again, you practically enter on one of these retracements/swings. which should be safer.
it's not important to be able to pick top/bottoms with high precision, but to be able to follow the trend. and for me, the safest way to follow the trend is to buy on dips (uptrend), and sell on rallies (downtrend). and that's what this system is supposed to do, that's why it's working so great.
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