Supernova GBP/JPY Mini Trend Catcher

Quoting Gnat

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Do you run it on the template with all the indicators up and running?

Edit: Now you are gone... hmph LOL

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Quoting marc

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Yes, I have DMI; Momentum and QQE.

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Quoting marc

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Yes, I have DMI; Momentum and QQE.

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Quoting samsamsam

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i think i may have some settings wrong

Lots=0.10000000
StopLoss=60
TakeProfit=0
Trailing_Stop=0
Filters_ON=1
StopAndReverse=1
QQE_SF=1
DMI_Smooth=14
DMI_Hide_DI_Plus=0
DMI_Hide_DI_Minus=0
DMI_Hide_DX=1
DMI_Hide_ADX=1
DMI_Hide_ADXR=1
MomPeriod=10
Slippage=3
Magic_Number=300
Trade_Bar=1

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Quoting Gnat

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This looks OK to me. The only thing that I changed on longer timeframes is, that I put the Trade_Bar setting to "0". This will enter you into the trade earlier and will give you a few extra pips.
On smaller timeframes I am switching back to "1". This is safer then and will keep the false movements out.

Bye
Gnat

edit: Yes... I have a writing cramp today. 8-)

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Quoting samsamsam

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thanks Gnat, im still a bit confised with the managetpv34, i have it setup as indicated on the past post but i can onlyhave 1 ea on at the same time, i.e if i have supernova loaded, when i attach managetpv34 supenova is gone from the to right hand corner of the chart

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Quoting Gnat

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Hallo Marc,

I guess you have allowed the use of expert advisors on the top of your MT4 platform - otherwise the EA would not be smiling.
Mayber there is something wrong with your common settings of the Supernova EA. I am enclosing mine. I also enclose the settings that I use on GBPJPY for a start. If it still does not work we need some more details, but we will surely make it work. Sometimes a new chart and fresh setup can do the magic.

Keep my fingers crossed
Gnat

edit: I just realize it is all in German ... but it is looking the same in English - just find the right spaces to tick. Sorry!!

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Quoting marc

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My magic number is 100

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Quoting zhkzhk

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Hi Gnat:

Below you mention:

"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. "

My question is does the EA automaticaaly take the trade at a certain price, or do I have to start a new market order, first and then the EA will take over?

Could you please expalin that, bec. I started the EA and nothing happened.

Thanks
Zee

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Quoting Gnat

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Hi Marc... invisible man!

You will have to give each currency-pair its own magic number. Otherwise the EA will try to manage all pairs at the same time and will only take one trade at a time. (That would not be so bad...) That leads to other trade waiting in line and you will be entered late into trades on another pair that you would never have taken at that price.
Therefor ... please read #853 on that! I wanted to copy it, but it would not let me.

OK... see ya!
Gnat

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Quoting Gnat

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Hallo Zee!

We are talking about the managetpv34-EA, right? This EA is only managing orders that have been placed either manually (for instance in newstrading), or by an EA, in this case the Supernova EA.
It does not place any orders by itself. It is only the instrument to carry out your personal exit strategy for the trade. It is both managing your TP (Take Profit) and your Stops. If you then leave the Supernova EA to put in a large trailing stop, you will be protected for many pips.
So the managetp-EA does not take trades - they must come from somewhere else - it is only bringing them to a profitable end.

Congrats on your first post by the way! Feel free to post more!

Gnat

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Quoting zhkzhk

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Hi Gnat: Appreciate your answer. Ok I understand w/manage34-EA, I have to put on a trade first and then it will manage my trade.
Do you have an example of the variables you put in the manage34-ea?

2. I am still not following the supernova. Below are my queations

It has to be run seperately

Will it run on its own, or i have to put on a trade first, bec. I started it and on TF15, it has not done anything, please help, if it has to be trading on its own whats the problem?

Thanks
Zee

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Quoting Gnat

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OK - managetp-EA seems to be all right.

The Supernova EA needs some clear signal to really enter you into a trade. Right now I am also in no trade at all. With the ranging market we see today this may continue for some time.
Please read through my little discussion with Mark - the invisble man - here on the thread in the last few hours. Maybe the magicnumber is also in your way, but I guess I saw you changed that. But you do not have to enter any initial trade manually. The EA will do this as soon as things line up.

Best Wishes!
Gnat

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Quoting zhkzhk

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Hi Gnat:
Thanks for your explanation, what TF do you use for Supernova?

Also do I have to have runing on the chart: DMI, MOM, and QQE_SF?
Thanks
Zee

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Quoting Gnat

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Quote from my post #874 to cryten:
GBPUSD on 30M, EURJPY on 30M and GBPJPY on 15M.

But today another timeframe-set was posted by awesome792 in his post #884. He seems to use 15M only.

baggermatsch posted his distribution in #894 and I guess I will give that one a try in the next few days.

We are still in a very young testing phase on the TF, so these are opinions. But still on any given timeframe the successrate is amazing.

Greetings!
Gnat

Cool... I forgot about the second question. Yes! Please run the template on the chart that the Supernova EA runs on. Also described in todays discussion with both Samsamsam and marc - the inv... you know -

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Quoting zhkzhk

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Hi Gnat, you are great!!!! Thanks

1. Where can I find the latest template?

2. I saw a picture of the template, what is that # in in yellow which shows on the chart with an arrow, what does that # tell me?

Thanks
Zee

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Quoting Gnat

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Yes... sorry! I forgot to mention that detail. You just open another normal chart on the same currency. You may open multiple charts for the same pair on MT4. Then you just bring the managetpv34.ex4 up on one of these extra charts and it will manage the trade from there. Rather neat thing from my point of view.
So I have 6 charts going hand in hand:

1a) GBPJPY supernova template + Supernova EA
1b) corresponding: GBPJPY Normal MT4 running the managetpv34-EA

2a) GBPUSD supernova template + Supernova EA
2b) corresponding: GBPUSD Normal MT4 running the managetpv34-EA

3a) as above on EURJPY
3b) corresponding: as above on EURJPY + managetp

That will work then. I love it when it works!!

Gnat

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Quoting samsamsam

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Hi Gnat

should the magic number on the managetp chart coincide with the magic number of the supernava chart its intended for

Thanks for you great help

btw anyone from Costa del Sol Spain

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