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iandekoker's 5 profit target trades

  • #21
  • Oct 22, 2007 2:37am Oct 22, 2007 2:37am
Quoting blueruby
Never mind, I got it. I didn't notice that you're trading pound and euro. That explains why my chart looks different!
Yes i started off trading just eur/usd cause of the 2 pip spread but are now also looking at gbp/usd and usd/jpy

But lemme stick to eur/usd for this forum
  • #22
  • Oct 22, 2007 2:48am Oct 22, 2007 2:48am
here is long trade that got me 5 pips

and if you look a few candlesticks further you would see a brilliant little Pin Bar that was worth another 5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 15 KB
  • #23
  • Edited 3:30am Oct 22, 2007 3:04am | Edited 3:30am
I just took a short. Like I mentioned earlier, the second peak is a very high probability trade. Even so, I took my usual small position.

Note the arrows. Nifty indicator, eh? When I work out the bugs I'll post it.

You'll have to change the code since you use a green background!

Edit: took profit 5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: short 10 22 07 0400.gif Size: 11 KB
  • #24
  • Oct 22, 2007 3:17am Oct 22, 2007 3:17am
Quoting blueruby
I just took a short. Like I mentioned earlier, the second peak is a very high probability trade. Even so, I took my usual small position.

Note the arrows. Nifty indicator, eh? When I work out the bugs I'll post it.

You'll have to change the code since you use a green background!
Very nice
  • #25
  • Oct 22, 2007 4:01am Oct 22, 2007 4:01am
here is a short trade i took for 5 pips

seems like the best way to go about this is to wait for ADX to be above 35 and then wait for DMI to come up all the way from 20 thru to 25 heading towards 35.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 18 KB
  • #26
  • Oct 22, 2007 5:52am Oct 22, 2007 5:52am
here is one very nice trade to go short on. however i was only looking for 5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 15 KB
  • #27
  • Oct 22, 2007 8:00am Oct 22, 2007 8:00am
here is another 5 pip long trade.

you will see i added a 30 level and 40 level. It is just to give me a better picture of how the DMI is gathering momentum. Nothing has changed. I still recommend entering once 35 level is broken. However if you are a trader who likes taking slight risks then you can enter once 30 level is broken. And if you like more risks then you can enter when 20 level is broken

according to some ADX experts an uptrend is evident once 20 level is broken. Other experts say uptrend when 30 level is broken. So it looks like the experts cannot agree...lol

therefor i play it safe and enter once 35 level is broken
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 14 KB
  • #28
  • Oct 22, 2007 8:00am Oct 22, 2007 8:00am
This looks like it's working OK, give it a try.

Detach it to the "...experts\indicators" folder

The only thing it looks for is a close with 2 lines above 35; the ADX and one or the other DI lines.

To change the arrow colors:

1. right click on it in metatrader, and choose "modify".
2. you should see the names of the colors a few lines from the top.
click on one of them and press F1 and a list should appear.
3. Type in the name of the color you want from the list. If the color name doesn't turn blue it isn't right.
4. click on "compile"

You're a programmer!
Attached File(s)
File Type: mq4 Iandecoker ADX.mq4   4 KB | 341 downloads
  • #29
  • Oct 22, 2007 8:16am Oct 22, 2007 8:16am
Quoting blueruby
This looks like it's working OK, give it a try.

Detach it to the "...experts\indicators" folder

The only thing it looks for is a close with 2 lines above 35; the ADX and one or the other DI lines.

To change the arrow colors:

1. right click on it in metatrader, and choose "modify".
2. you should see the names of the colors a few lines from the top.
click on one of them and press F1 and a list should appear.
3. Type in the name of the color you want from the list. If the color name doesn't turn blue it isn't right.
4. click on "compile"

You're a programmer!
thanks for your effort. i have loaded it on my charts....let's see how well it does.

lol..my own indicator...
  • #30
  • Edited 8:30am Oct 22, 2007 8:20am | Edited 8:30am
Looks like a good one coming up on the 15.

MA cross about to occur

Already have a green arrow, DI+ dipped below 35 and may come back up.

If it does and we get the second green arrow, I call it an A+ trade (based on my limited backtesting).
  • #31
  • Oct 22, 2007 8:33am Oct 22, 2007 8:33am
Sorry. This was supposed to be your journal. Why not start a thread in "trading systems?" I'll get my stuff out of here and put it over there.
  • #32
  • Oct 22, 2007 8:52am Oct 22, 2007 8:52am
Quoting blueruby
Looks like a good one coming up on the 15.

MA cross about to occur

Already have a green arrow, DI+ dipped below 35 and may come back up.

If it does and we get the second green arrow, I call it an A+ trade (based on my limited backtesting).
you could have gotten up to 15 pips if you took the 25 or 30 level signal..but i will rather wait for the 35 level to be broken....probably just my way of eliminating whipsaws
  • #33
  • Oct 22, 2007 8:56am Oct 22, 2007 8:56am
I'd rather double up based on high confidence and just take the 5.

That'll put me at a whopping 20 cents a pip, I've hit the bigtime, lol.
  • #34
  • Oct 22, 2007 10:14am Oct 22, 2007 10:14am
here is a short trade on the 15 mins charts
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 15 KB
  • #35
  • Oct 22, 2007 10:24am Oct 22, 2007 10:24am
Quoting iandekoker
here is a short trade on the 15 mins charts
I caught that one, too.

Hey, I wanted to say THANKS again! I'm 5 for 5, 30 pips (I doubled up once).

I might have to take down that indicator, this is too freaking easy.
  • #36
  • Oct 22, 2007 10:26am Oct 22, 2007 10:26am
Quoting iandekoker
here is a short trade on the 15 mins charts

I noticed you are using IBFX for this. Are you trading live with this? the reason I ask, is because I wanted to know if you are getting any reqoutes or other types of difficulties on a live acct, with this method.
  • #37
  • Oct 22, 2007 10:49am Oct 22, 2007 10:49am
Quoting blueruby
I caught that one, too.

Hey, I wanted to say THANKS again! I'm 5 for 5, 30 pips (I doubled up once).

I might have to take down that indicator, this is too freaking easy.
I have 10 straight winners today although i only posted the eur/usd trades.
Well i came to realize that if your looking for 5 pips then you will almost everytime get it. And as you can see some of these trades offered more than only 5 pips.
  • #38
  • Oct 22, 2007 10:54am Oct 22, 2007 10:54am
Quoting smjones
I noticed you are using IBFX for this. Are you trading live with this? the reason I ask, is because I wanted to know if you are getting any reqoutes or other types of difficulties on a live acct, with this method.
Yes i am using IBFX and yes i do trade live and get requotes every now and then. That is basically all problem i have with IBFX. News traders might have issues with the fact that spreads widen during news releases but i dont trade news so it doesnt bother me.

If you want me to rate IBFX then i would give them a 9/10

I used to be with GFX and they are a bunch of crooks....stay away from them
  • #39
  • Oct 22, 2007 10:59am Oct 22, 2007 10:59am
I was not concerned about IBFX's integrity. I just was wondering if you had the same results with a live account... Thanks for your answer. Have a great day.
  • #40
  • Oct 22, 2007 11:09am Oct 22, 2007 11:09am
Quoting smjones
I was not concerned about IBFX's integrity. I just was wondering if you had the same results with a live account... Thanks for your answer. Have a great day.
Thx i will afterall south africa won the world cup rugby....oops now i am letting myself in for it....all those aussie, new zealand, english, scottish, irish, wales, japanese, fidji, tonga, samoa, argentinian, canadian and usa (those who actually know their countries play rugby...i am aware that rugby is not big in those two countries) fans surely would have something to say about this....lol
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