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Auslanco 15min GBP/JPY startegy

  • #41
  • Sep 2, 2007 1:27pm Sep 2, 2007 1:27pm
Quoting brok
I am no Aus but as I have followed his posts on all of the threads I can easily say that he is not a trailing stop man
I have followed all his posts in other threads too
Regards
  • #42
  • Sep 2, 2007 1:46pm Sep 2, 2007 1:46pm
Quoting maheswara
Wondering if confirmation bar confirms by the candle type , meaning if we are on sell condition we need the bar to be a sell candle , and buy condition would need the confirmation bar to be a buy candle ...
or this doesn't matter , the confirmation bar of any type would still be a confirmation bar and its purpose is only for the stop loss setting up ... ?
excellent question, I had the same thing in mind

maybe auslanco can fill us in..
Trade what you see, not what you think.
  • #43
  • Sep 2, 2007 2:37pm Sep 2, 2007 2:37pm
I would like to know if the sma is 3 or 5 periods. My documents have both numbers printed. Which one is the typo and which one is the correct one to use. For now I assume 5 sma.
I mitigated from vt to mt4 and imported the parameters and indicators (to many disconnects from VT last weeks). But in mt4 i do not get the dot/qqe crossing confirmation signal. Can this be added? I saw a posting with aus.zip which has this in audible form. Can this be dl and installed wihout losing the proper settings definded by Auslanco?
Also, I am looking for the definition of the QQE indicator. I do not have it found/explained in my library of (old school) books.

Danny
  • #44
  • Sep 2, 2007 2:54pm Sep 2, 2007 2:54pm
Quote
Originally Posted by howard http://www.forexfactory.com/images/buttons/viewpost.gif
Hi Aus

Is the initial stop staying under the Gann line where the comfirmation bar is located or is it trailed under the Gann line as the price moves on into profit

The intial s/l is fixed at the Gann line point of the confirmation bar.
After the position has been initiated it works with 2 TP levels.
The first TP is 2 times the s/l of the fixed level (a fixed pre-determined TP level)
The second TP level is initiated when there is a reversed (opposite) signal given by the strategy. This 2nd. TP (changing/dynamic level) is thus also becoming your "trailing" s/l level. Wichever comes first (the fixed s/l or the 2nd. TP aka. sar level.
Fixed s/l hit: Exit and wait for new entry.
2nd. TP hit: Close your last lot. Calculate your new TP and s/l levels. Enter the new position.

Danny
  • #45
  • Sep 2, 2007 3:15pm Sep 2, 2007 3:15pm
After reading the documents strategy again I noticed that two different 2nd. TP methods are given. So my previous explanation could be wrong according to this difference. I ask Auslanco to confirm which 2 nd. TP is used. In the doument an example is given where is stated that the 2nd. TP is 3x the S/L level.
I guess that is why it is in Beta at the moment.

Danny
  • #46
  • Sep 2, 2007 3:36pm Sep 2, 2007 3:36pm
Quoting brok
It looks like it is working on MT4 but "Level Stop Reverse Indicator" gives more signals on MT4 which may end with stops.

For everyone who is demoing just watch the two platforms (prefably VTT) to take action...
Hi Brok,

Check my post where I put the latest version of the indicator and see the note about saving the template. If you save the template with my indicator without getting rid of the arrow objects first, they will be saved with the template which could cause "ghost" arrows to appear later. Not sure if that's the problem or not.

Bruce
  • #47
  • Edited 4:09pm Sep 2, 2007 3:49pm | Edited 4:09pm
Quoting brucehvn
Hi Brok,

Check my post where I put the latest version of the indicator and see the note about saving the template. If you save the template with my indicator without getting rid of the arrow objects first, they will be saved with the template which could cause "ghost" arrows to appear later. Not sure if that's the problem or not.

Bruce
I understand what you say with the ghost arrows but this is not about it. I don't understand the processing of the platforms but somehow there are definetly some differences between VTT and MT4.

(on 31/08, GMT 05:00 down arrow and GMT 06:30 up arrow on MT4, none on VTT)
  • #48
  • Sep 2, 2007 5:15pm Sep 2, 2007 5:15pm
Quoting maheswara
Wondering if confirmation bar confirms by the candle type , meaning if we are on sell condition we need the bar to be a sell candle , and buy condition would need the confirmation bar to be a buy candle ...
or this doesn't matter , the confirmation bar of any type would still be a confirmation bar and its purpose is only for the stop loss setting up ... ?

Confirmation bar = very next bar after you get both the signals. It has nothing to do with the candle stick bar type.
  • #49
  • Sep 2, 2007 5:20pm Sep 2, 2007 5:20pm
Quoting amsterdanny
The intial s/l is fixed at the Gann line point of the confirmation bar.
After the position has been initiated it works with 2 TP levels.
The first TP is 2 times the s/l of the fixed level (a fixed pre-determined TP level)
The second TP level is initiated when there is a reversed (opposite) signal given by the strategy. This 2nd. TP (changing/dynamic level) is thus also becoming your "trailing" s/l level. Wichever comes first (the fixed s/l or the 2nd. TP aka. sar level.
Fixed s/l hit: Exit and wait for new entry.
2nd. TP hit: Close your last lot. Calculate your new TP and s/l levels. Enter the new position.

Danny
Sorry guys it's a typo.
The correct details are
you enter the market on 5 SMA.
1st TP level is 2X Stoploss.
2nd TP level is reverse signal confirmation.(it will run all the way until you get a reverse signal)
  • #50
  • Sep 2, 2007 5:21pm Sep 2, 2007 5:21pm
Quoting auslanco
Sorry guys it's a typo.
The correct details are
you enter the market on 5 SMA.
1st TP level is 2X Stoploss.
2nd TP level is reverse signal confirmation.(it will run all the way until you get a reverse signal)
By reverse signal, do you mean when we get both the arrow + dot or just either one of them?
Trade what you see, not what you think.
  • #51
  • Sep 2, 2007 5:28pm Sep 2, 2007 5:28pm
Quoting amsterdanny
I would like to know if the sma is 3 or 5 periods. My documents have both numbers printed. Which one is the typo and which one is the correct one to use. For now I assume 5 sma.
I mitigated from vt to mt4 and imported the parameters and indicators (to many disconnects from VT last weeks). But in mt4 i do not get the dot/qqe crossing confirmation signal. Can this be added? I saw a posting with aus.zip which has this in audible form. Can this be dl and installed wihout losing the proper settings definded by Auslanco?
Also, I am looking for the definition of the QQE indicator. I do not have it found/explained in my library of (old school) books.

Danny
The current QQE indicator by Que allows you to set an alert or email when the line crosses but doesn't put the dot on the chart. I think someone already asked Que if he can add this. Let's wait and see what he comes up with. But the alerts should be sufficient as well for now.
  • #52
  • Sep 2, 2007 6:18pm Sep 2, 2007 6:18pm
Quoting karmostaji
By reverse signal, do you mean when we get both the arrow + dot or just either one of them?

Both the arrow and dot.
Mt4 user dont have the dot.. so please use the QQE cross
  • #53
  • Sep 2, 2007 6:24pm Sep 2, 2007 6:24pm
Quoting bill77
Hi markham, yes he was, but it was still in experimental stage then. (i asume) i understand it to oficialy be the 15m chart now. Also, originally, AUS used the 30m and 4h as comfirmation for the amount of pips to take ie: 30m= 20-30 pips + 4h= 50-100 pips. i think that no longer aplies aswell.....Bill

I'm testing this strategy on all the smaller TF currently. 15 mins gives some clean moves where you can have set of rules and guidelines. 5 mins.. I'm still figuring out where to place the SL etc etc. From this week onwards I'm testing this set up on 1min charts as well. As for now.. 15min has given some very promising results. But I'm yet to test the 15min on a ranging market. So it's not advisable to use this strategy on a real money account yet.
  • #54
  • Sep 2, 2007 7:46pm Sep 2, 2007 7:46pm
Quoting brucehvn
Here is an updated version of my MT4-LevelStop-Reverse indicator. This one has some bug fixes and some changes to the configuration to make it a bit easier.


This is version Beta 0.2. As I get feedback, I will release newer versions as needed.

I have the settings that you posted for your Beta 0.2 version, but on MT seems to give more signals, here you have 2 pictures attached
http://img237.imageshack.us/img237/7615/15minvo4.gif

http://img237.imageshack.us/img237/8512/vt15minhb1.gif

The blue area on MT shows 2 arrows that we don't find on VT.
Just wanted to point this out.

P.S I hope the images are clear enough for the specific chart area, since on the VT image I don't have anything to highlight it, except the vertical black line.
  • #55
  • Sep 2, 2007 8:11pm Sep 2, 2007 8:11pm
Aus,
do the two signals(arrow and dot) have to be on the same bar....if not, how far apart is acceptable ?
  • #56
  • Sep 2, 2007 8:14pm Sep 2, 2007 8:14pm
Quoting ovidiu
I have the settings that you posted for your Beta 0.2 version, but on MT seems to give more signals, here you have 2 pictures attached
http://img237.imageshack.us/img237/7615/15minvo4.gif

The blue area on MT shows 2 arrows that we don't find on VT.
Just wanted to point this out.

P.S I hope the images are clear enough for the specific chart area, since on the VT image I don't have anything to highlight it, except the vertical black line.
Yes, I've seen some discrepancies between VTTrader and my MT4. I believe the formula for the indicator is correct, but different data from different brokers can cause it to show different things. Even just a one pip difference on a bar can be enough for it to trigger the reverse. Plus if the number of bars are not completely identical with the identical prices, that will have some impact on the ATR calculations.

When you see the stop line reverse from top to bottom or vice-versa, it means that the bar it is zigzagging across closed past where the stop line was before and triggered the reverse.

Thanks for pointing that out and I'll take a look to verify the formula looks intact and inline with the VT side.

Bruce
  • #57
  • Sep 2, 2007 9:06pm Sep 2, 2007 9:06pm
So we want a Dot when?

This is getting messy, I am looking at an all in one indicator like I did with the Bullseye indicator.

But for now 2 questions.

1. When do we want a dot?

2. Do you mind if I take a look at your code Bruce? I am not going to waist time if you do not want me to.
Que
  • #58
  • Sep 2, 2007 9:13pm Sep 2, 2007 9:13pm
Quoting Que
So we want a Dot when?

This is getting messy, I am looking at an all in one indicator like I did with the Bullseye indicator.

But for now 2 questions.

1. When do we want a dot?

2. Do you mind if I take a look at your code Bruce? I am not going to waist time if you do not want me to.
Hi Que,

You are welcome to look at the code. I posted the mq4 so it's readily available. I believe the dot will show up when the RSIndex crosses the slow line. A blue dot underneath the price when it crosses up and a pink dot above when it crosses down.

Bruce
  • #59
  • Sep 2, 2007 9:13pm Sep 2, 2007 9:13pm
Que;1572410]So we want a Dot when?

This is getting messy, I am looking at an all in one indicator like I did with the Bullseye indicator.

But for now 2 questions.

1. When do we want a dot?
When the QQE RSI Index cross the slow RSI. (above or below 50line )
2. Do you mind if I take a look at your code Bruce? I am not going to waist time if you do not want me to.
  • #60
  • Sep 2, 2007 9:29pm Sep 2, 2007 9:29pm
Problem with what you are asking for. QQE is in a seperate window, therfore any dots I place would be based in the current window of QQE not the chart window.

Another option would be a Vert line but that just looks ugly.

I am also changing the code a bit to take out the alert as previously asked and adding a Playsound, Comment and Print statement. This will alow you to have custom sounds for each alert. This should help a bit. Looking for the best way to do this.
Que
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