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Auslanco - GBP/JPY and GBP/USD (newstrade) 235,578 replies
Auslanco 15min GBP/JPY startegy 630 replies
My MT4 indicators for Auslanco's strategy 92 replies
Auslanco 15 minute Strategy Oanda FXManager Updates.. 62 replies
Questions About Auslanco's Trades 72 replies
DislikedOk 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.Ignored
DislikedQue.. 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.Ignored
DislikedNo 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.Ignored
DislikedHi:
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
PipmongerIgnored
Dislikedread 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.Ignored
DislikedCurrent 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.Ignored
DislikedThank 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.
PipmongerIgnored
DislikedThank 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.
PipmongerIgnored
Dislikedif 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.Ignored
Dislikedif 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.Ignored