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Attachments: Supernova GBP/JPY Mini Trend Catcher
Exit Attachments

Supernova GBP/JPY Mini Trend Catcher

  • #781
  • Sep 13, 2007 11:46am Sep 13, 2007 11:46am
Quoting smeden
How do you manage the exit?
Hallo Smeden!

Enclosed you will find a possible setup for a trade with the SuperNova system.

First you set the EA to take profit first after 30 pips (in this example). It will close 1/4 of your postion or 1.25 lots (5 lots overall). Then after 20 pips it will close another portion of 1.25 lots and so on until there is nothing left to sell.

Then we move to the section where the stops are being moved.
First stop target should always be "6" to move your stop to 1 pip and making this a profitable trade. The second stop target should be somewhere closer to your first take profit target and lock in some nice little profit. If then you want to use the third stop target, move your stop to some nice spot, preferably aour first take profit.

In order not to loose too much, leave the Use_Max_Loss at "true" and then type in the max loss in pips that your money management calls for.

I guess that is about it. You can always remove the EA from your MT4 platform and start it again. Then it will manage the trade from that point in time and will count the pips from that new basis. This will lead to moving of stops, but no taking profit and lets you ride the wave to its end.

Hope that helped!
Gnat

You will find the managetp34.ex4 file by entering a search here at FF. Include stockwet - he made this.
Attached Images
  • #782
  • Sep 13, 2007 12:04pm Sep 13, 2007 12:04pm
Quoting Gnat
Hallo Smeden!

Enclosed you will find a possible setup for a trade with the SuperNova system.

First you set the EA to take profit first after 30 pips (in this example). It will close 1/4 of your postion or 1.25 lots (5 lots overall). Then after 20 pips it will close another portion of 1.25 lots and so on until there is nothing left to sell.

Then we move to the section where the stops are being moved.
First stop target should always be "6" to move your stop to 1 pip and making this a profitable trade. The second stop target should be somewhere closer to your first take profit target and lock in some nice little profit. If then you want to use the third stop target, move your stop to some nice spot, preferably aour first take profit.

In order not to loose too much, leave the Use_Max_Loss at "true" and then type in the max loss in pips that your money management calls for.

I guess that is about it. You can always remove the EA from your MT4 platform and start it again. Then it will manage the trade from that point in time and will count the pips from that new basis. This will lead to moving of stops, but no taking profit and lets you ride the wave to its end.

Hope that helped!
Gnat

You will find the managetp34.ex4 file by entering a search here at FF. Include stockwet - he made this.
Cool! I'm looking into FINEX as they seem to have a good rep, don't trade against their clients and have metatrader, might use your suggestions regarding the EA if I move to MT4
  • #783
  • Sep 13, 2007 12:06pm Sep 13, 2007 12:06pm
Quoting smeden
How do you manage the exit?
Settings today:

GBDUSD: 2 minilots, first tp was at 10 pips (just to get something "home") and after 10pips ea also moved sl to 0. Increment was 20 so second tp was 30.

GBDJPY: I was just using same settings today. Yes, I know they should be higher but today I was just checking out the signals and didn't bother to change them

- Finnfx
If you want to win you need a Finn (an old English saying from the 60's)
  • #784
  • Sep 13, 2007 1:50pm Sep 13, 2007 1:50pm
cry have u tried qqe 5 instead of qq1?, it seems there are slight differences between them, that makes one slightly better
  • #785
  • Sep 13, 2007 6:15pm Sep 13, 2007 6:15pm
Quoting Gnat
Hallo Smeden!

Enclosed you will find a possible setup for a trade with the SuperNova system.

First you set the EA to take profit first after 30 pips (in this example). It will close 1/4 of your postion or 1.25 lots (5 lots overall). Then after 20 pips it will close another portion of 1.25 lots and so on until there is nothing left to sell.

Then we move to the section where the stops are being moved.
First stop target should always be "6" to move your stop to 1 pip and making this a profitable trade. The second stop target should be somewhere closer to your first take profit target and lock in some nice little profit. If then you want to use the third stop target, move your stop to some nice spot, preferably aour first take profit.

In order not to loose too much, leave the Use_Max_Loss at "true" and then type in the max loss in pips that your money management calls for.

I guess that is about it. You can always remove the EA from your MT4 platform and start it again. Then it will manage the trade from that point in time and will count the pips from that new basis. This will lead to moving of stops, but no taking profit and lets you ride the wave to its end.

Hope that helped!
Gnat

You will find the managetp34.ex4 file by entering a search here at FF. Include stockwet - he made this.
Hi Gnat,

Can you please attach the manage profit EA or let us know where can we download it?

Thanks.
  • #786
  • Sep 14, 2007 2:54am Sep 14, 2007 2:54am
Quoting rapikbey
Hi Gnat,

Can you please attach the manage profit EA or let us know where can we download it?

Thanks.
Here's one.

- finnfx
Attached File(s)
File Type: mq4 managetpv34.mq4   6 KB | 741 downloads
If you want to win you need a Finn (an old English saying from the 60's)
  • #787
  • Sep 14, 2007 3:07am Sep 14, 2007 3:07am
Quoting finnfx
Here's one.

- finnfx
thanks a Lot
Trade what you see, not what you think.
  • #788
  • Sep 14, 2007 10:26am Sep 14, 2007 10:26am
Thanks.

Nice system.

When do you guys enter? Do you wait for the bar to close before you enter?
Or do wait for a small reversal to the T3. To get a better entry?

What brokers do you use. I use a broker with 8 pips spread on GBPJPY I think it is too much.
  • #789
  • Sep 15, 2007 6:06am Sep 15, 2007 6:06am
hi guys,

i saw u are talking about EA but i listed all threat and didnt find it?

can anydoby share it ?
  • #790
  • Sep 15, 2007 6:47am Sep 15, 2007 6:47am
Quoting 4newbie
hi guys,

i saw u are talking about EA but i listed all threat and didnt find it?

can anydoby share it ?
There is no ea for this system as yet, the ea in the thread is a manage tp ea which meas it takes profit at specified levels after you have manually placed your trade.
  • #791
  • Sep 16, 2007 12:24pm Sep 16, 2007 12:24pm
Have you guys tested CCI with Supernova. I've run few tests with it. I was just using 100 and -100 lines for confirmation and forgot the 0-line. My idea was to buy over 100-line and sell below -100 if supernova has given a signal. And I also noticed that you can use those lines for TP too, ie. after CCI goes below 100 it's your close signal for long. (sometimes you may wanna stay in trade for few bars cause it just takes 1-2 bars and then it goes back over 100. Another way is to re-entry when it goes back over 100).

This is just what I found while playing with different indicators. CCI-period was 14. I also tested MA(5) and MA(14) over CCI but didn't find any use for them. Ok, is it any good? Yes it can save you from trades that aren't going anywhere but I think it still needs more testing. Give it a try and if you found it useful please let me know. Or if you think it's full of crap please let me know that too. And ofcourse any suggestions are wellcome too.

Cryten, I hope I didn't break any rules posting this here.

- finnfx
If you want to win you need a Finn (an old English saying from the 60's)
  • #792
  • Sep 16, 2007 5:20pm Sep 16, 2007 5:20pm
Quoting rapikbey
Hi Gnat,

Can you please attach the manage profit EA or let us know where can we download it?

Thanks.
Sorry... I was a little late. All weekend was packed with appointments and no time on Friday. The EA on the thread is the right one. Thanks finnfx!!

Best Wishes!
Gnat
  • #793
  • Sep 17, 2007 2:35am Sep 17, 2007 2:35am
Cryten

Thank you for sharing supernova.It seems very nice. In first test I got 91 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: pic1.gif Size: 15 KB
  • #794
  • Sep 17, 2007 4:07am Sep 17, 2007 4:07am
Quoting cryten
Cool! I'm looking into FINEX as they seem to have a good rep, don't trade against their clients and have metatrader, might use your suggestions regarding the EA if I move to MT4
Hallo Cryten!

Please let me/us know how FINEX is working out in the end. I am a bit puzzled about my broker (IBFX) every now and then. Things that work out brilliantly for 3 weeks will not work at all for another 4 weeks - just to return to normal again. Hurts my newstrading for 3 weeks now and I really do not WANT to afford it.

By the way ... why did you change from Oxy Moron to "Member"? I liked the little gag there!

Greetz
Gnat
  • #795
  • Sep 17, 2007 5:19am Sep 17, 2007 5:19am
Quoting Gnat
Hallo Cryten!

Please let me/us know how FINEX is working out in the end. I am a bit puzzled about my broker (IBFX) every now and then. Things that work out brilliantly for 3 weeks will not work at all for another 4 weeks - just to return to normal again. Hurts my newstrading for 3 weeks now and I really do not WANT to afford it.

By the way ... why did you change from Oxy Moron to "Member"? I liked the little gag there!

Greetz
Gnat
I'm still keeping my cms acount but I do need an MT4 broker too. Spent the weekend investigating. I really really like the look of finex but they only offer USD based accounts and the procedure to open an account is too much. I opened an account with Alpari uk as I can just send them funds with my online banking and I can have GBP account.

Oxy Moron is back hehe dunno where that got to!
  • #796
  • Sep 17, 2007 6:38am Sep 17, 2007 6:38am
I paid out some cash to get this alert for mt4.
Let me know how it works for you guys. You need the standard qqe indicator in your indicators folder for it to work.

cheers
Attached File(s)
File Type: mq4 QQE_Cross.mq4   2 KB | 891 downloads
  • #797
  • Sep 17, 2007 8:00am Sep 17, 2007 8:00am
Cryten:

What is different in this alert vs. the one that is in the zip package on post #1?
  • #798
  • Edited 8:33am Sep 17, 2007 8:21am | Edited 8:33am
does it works as well as on 5min and 15min timeframe ???
With the same settings ?
  • #799
  • Sep 17, 2007 8:43am Sep 17, 2007 8:43am
I noticed on the other alert some dots were not forming on some of the crosses.
  • #800
  • Sep 17, 2007 8:44am Sep 17, 2007 8:44am
Quoting 4newbie
does it works as well as on 5min and 15min timeframe ???
With the same settings ?
Yes should work on any timeframe.
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