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Supernova GBP/JPY Mini Trend Catcher

  • #381
  • Aug 30, 2007 9:21am Aug 30, 2007 9:21am
Quoting AMGODI
dear Cryten,

many thanks for your nice method

please see the picture and tell me how to avoid this wrong signal ???????

( GBP \ JPY) 5 MIN

AND CAN I USE THIS SYSTEM WITH 1MIN TIME FRAME ???????

MANY MANY MANY THANKS
Hallo AMGODI!

No need to shout ...
There is something wrong with your DMI setting. I recognize the chart pattern and I find the same dot there, but my DMI is far from crossing over and the "-" side was up then. It would help if you could post your settings there.
Greetings
Gnat
  • #382
  • Aug 30, 2007 9:25am Aug 30, 2007 9:25am
Quoting Peacelover
See post #363 and tell me again. Thanks for the info

Peace
Sorry
  • #383
  • Aug 30, 2007 9:32am Aug 30, 2007 9:32am
i have the same false long signal, cry is there a way to avoid it?
  • #384
  • Aug 30, 2007 9:43am Aug 30, 2007 9:43am
Quoting Gnat
Hallo AMGODI!

No need to shout ...
There is something wrong with your DMI setting. I recognize the chart pattern and I find the same dot there, but my DMI is far from crossing over and the "-" side was up then. It would help if you could post your settings there.
Greetings
Gnat
Strange. I use the template posted in the first post and I have the same setup.
Trading only on 5M, there was no way toavoid it. I usually take trades which agree with higher TFs, like 30M or even 1H.

I may miss the very start of a new rend now and then,but I feel safer.

Gnat, please if you can let me know the settings (mine is the default indicator set at 14 period) you are using, I would appreciate it.
Thanks.
  • #385
  • Aug 30, 2007 9:45am Aug 30, 2007 9:45am
Quoting Gnat
Hallo AMGODI!

No need to shout ...
There is something wrong with your DMI setting. I recognize the chart pattern and I find the same dot there, but my DMI is far from crossing over and the "-" side was up then. It would help if you could post your settings there.
Greetings
Gnat

DEAR GANT

THANKS FOR YOUR KIND REPLAY

MY SETTING ( DMI 14 ) I AM USING THE TEMPLATE
  • #386
  • Aug 30, 2007 9:49am Aug 30, 2007 9:49am
Quoting kiwigold
I have the Non Lag length set to 21 instead of 9

I also set the Flat Trend to the standard MACD settings -- 12, 26, 9
Thanks. I'll have fun playing around with these!
  • #387
  • Aug 30, 2007 10:02am Aug 30, 2007 10:02am
A look at a higher TF also helps to avoid false signals -- which is why I use the ADX in the attached formatt.

Again - I am very impressed with this thread -- and the simplicity of this system -- the "aditional" indicators I use on my chart simply make this system "mine" (for me, so I can understand it and see movements clearly) -- which is one of the keys for all of us -- what works for YOU -- and to arrive at that it takes time watching the market, best jusst 1-2 pairs at a time, observing how they move (each tends to have its own "way of moving").

A system of indicators helps (some systems help more than others, and this one is VERY good) - but the reason a trader with experience takes a trade that seems not to comply with the system's rules is that he/she just KNOWS that he is riding a good possibility, and they know that by experience. It is not something they can always really explain, as much as they try to.

Also that is what we are doing -- looking for possibilities -- no guarantees. Losses WILL happen -- cause noone, no indicator, no trader can predict the future -- we are just learning to recognize patterns that show us high probabilities -- and with good management, we end up in profit at the end of the week.
Attached File(s)
File Type: mq4 ToR_1.02c.mq4   17 KB | 883 downloads
  • #388
  • Aug 30, 2007 10:23am Aug 30, 2007 10:23am
Hallo guys...

I have included the part of my chart with visible settings on the MT4 platform. It would really be strange if the same settings would lead to a different outcome.


Gnat
Attached Image (click to enlarge)
Click to Enlarge Name: 5minsupernovaGBPJPY.JPG Size: 40 KB
  • #389
  • Aug 30, 2007 10:32am Aug 30, 2007 10:32am
does the indicators repaints?
  • #390
  • Aug 30, 2007 10:35am Aug 30, 2007 10:35am
how r u using the flat trend ind?


Quoting kiwigold
Greetings

I have been following this thread over the past few days -- read it all and am very impressed -- seems to work well even on bigger TFs -- like 30min (see attached)

I added the flat trend indicator -- also Non-Lag MA just for the alarm -- and 55 and 200 mas for support/resistence (these are just things I have always used and like) -- I have the QQE set to alert when it crosses the red line
  • #391
  • Aug 30, 2007 10:39am Aug 30, 2007 10:39am
The yellow shows is the flat zone --

The "safest" trades are the blue (long) or red (short). -- of course this is when your other indicators line up.

The flat indicator is like a filter -- to help stop you from entering trades that may not work, since the price movement is tending to be flat.
  • #392
  • Aug 30, 2007 10:46am Aug 30, 2007 10:46am
Quoting AMGODI
dear Cryten,

many thanks for your nice method

please see the picture and tell me how to avoid this wrong signal ???????

( GBP \ JPY) 5 MIN

AND CAN I USE THIS SYSTEM WITH 1MIN TIME FRAME ???????

MANY MANY MANY THANKS
AMGODI,

While you wait for Cryten's comments I thought that I can try to help with your question. It seems that you enter at the open of the 11:35gmt bar...if that is correct and you enter long the open was 232.42 and later on the highest price was 232.90...That is 48 pips that you could have profited under ideal condition. I am not sure what your stoploss if any was but it SEEMS to me that this was not a wrong signal. In a 5 min timeframe your profit target is very modest...(10-20 pips) anything over that is gravy. I hope that I managed to clarify things for you if not please let me know where I am incorrect so that I can also learn.

Unus pro omnibus, omnes pro uno
  • #393
  • Aug 30, 2007 10:46am Aug 30, 2007 10:46am
thx. it might be nice if we could get a simple color code of bars like the flat ind for the dmi, mom and qqe. makes loking at the status easier.

Quoting kiwigold
The yellow shows is the flat zone --

The "safest" trades are the blue (long) or red (short). -- of course this is when your other indicators line up.

The flat indicator is like a filter -- to help stop you from entering trades that may not work, since the price movement is tending to be flat.
  • #394
  • Aug 30, 2007 10:53am Aug 30, 2007 10:53am
[IMG]file:///C:/DOCUME%7E1/VLOGAN%7E1/LOCALS%7E1/Temp/moz-screenshot-1.jpg[/IMG]Why it is failed here. Can anybody explain ?
Attached Image
  • #395
  • Aug 30, 2007 11:04am Aug 30, 2007 11:04am
Quoting clvcom
[IMG]file:///C:/DOCUME%7E1/VLOGAN%7E1/LOCALS%7E1/Temp/moz-screenshot-1.jpg[/IMG]Why it is failed here. Can anybody explain ?
CLV,

I could not tell you because your chart is not the one recommended by Cryten...sorry maybe someone else can. Go to the first page if you are interested in downloading the supernova template etc.

Unus pro omnibus, omnes pro uno
  • #396
  • Aug 30, 2007 11:07am Aug 30, 2007 11:07am
What about this ?
Attached Image
  • #397
  • Aug 30, 2007 11:11am Aug 30, 2007 11:11am
Quoting clvcom
What about this ?

CLV,

Why do you think it failed at that particular point? The indicators are still showing a long entry.

Unus pro omnibus, omnes pro uno
  • #398
  • Aug 30, 2007 11:15am Aug 30, 2007 11:15am
Yea. But you would be stopped out if u dont have 40 pip stop loss.

Any exit strategy with this system ?
  • #399
  • Aug 30, 2007 11:52am Aug 30, 2007 11:52am
Went Long on eurjpy 158.38 according to supernova system. Lets see what happens .

Can anybody Verify this ?



thanks
  • #400
  • Aug 30, 2007 11:57am Aug 30, 2007 11:57am
once we get the alert and all the rules lined up, should we wait for the 5m Candle to close and trade on the next candle ?
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