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Trade the Slope System

  • #41
  • Oct 22, 2007 3:38am Oct 22, 2007 3:38am
Well....my us/ch bombed last night and hit my s/l (-100 pips).
And my long in eu/us is in the red at this moment.
Hopefully this is part of the 15% losing trades.
  • #42
  • Oct 22, 2007 3:53am Oct 22, 2007 3:53am
done 80 pips on gbp/jpy (intraday method) in 10mins.
I'm not surprised, cause as i said MTTF systems are the win in Forex
and ematrader offers us a clear and simple tool to do it.

On long time method use trailing stops, it's better. But remember to entry when all tf's have the same color (after 2 or 3 candles) and don't care about spikes...if it hit your s/l re-enter when all have the same color again

Trend and Time are your friends.
  • #43
  • Oct 22, 2007 9:59am Oct 22, 2007 9:59am
Hello people, this is my first post, but have been in the background for along time soaking everything up at the Forex Factory, like a big sponge. Made many pips today on demo account, took profit at three stages, used 100 pip trailing stop, which did get hit. I think this is a promising simple system, and will use it along side price action.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.gif Size: 112 KB
“A setback is a setup for a comeback.”
  • #44
  • Oct 22, 2007 11:08am Oct 22, 2007 11:08am
Quoting darko80
done 80 pips on gbp/jpy (intraday method) in 10mins.
I'm not surprised, cause as i said MTTF systems are the win in Forex
and ematrader offers us a clear and simple tool to do it.

On long time method use trailing stops, it's better. But remember to entry when all tf's have the same color (after 2 or 3 candles) and don't care about spikes...if it hit your s/l re-enter when all have the same color again

Trend and Time are your friends.
Hello,

You are right the MTTF systems are the best for forex.
GoodLuck for future trades!

EMATRADER
  • #45
  • Oct 22, 2007 11:40am Oct 22, 2007 11:40am
hi ematrader.....
Try this....
it's a MTF version of the indicator.. I think it is the same as the one you use...
the advantage of it is that you can attach it multiple times to the same chart and change timeframe for each... and have all timeframes in one chart.
Attached File(s)
File Type: mq4 HMA_Russian_Color.mq4   4 KB | 2,710 downloads
File Type: ex4 #MTF_HMA_Russian_Color.ex4   5 KB | 2,701 downloads
  • #46
  • Oct 22, 2007 11:58am Oct 22, 2007 11:58am
Quoting emda
hi ematrader.....
Try this....
it's a MTF version of the indicator.. I think it is the same as the one you use...
the advantage of it is that you can attach it multiple times to the same chart and change timeframe for each... and have all timeframes in one chart.
Hello emda,

Thanks for those indicators.

EMATRADER
  • #47
  • Oct 22, 2007 12:22pm Oct 22, 2007 12:22pm
Quoting emda
hi ematrader.....
Try this....
it's a MTF version of the indicator.. I think it is the same as the one you use...
the advantage of it is that you can attach it multiple times to the same chart and change timeframe for each... and have all timeframes in one chart.

Can,t get indicators to work. Any suggestions?
  • #48
  • Oct 22, 2007 1:30pm Oct 22, 2007 1:30pm
Quoting aelimian
Can,t get indicators to work. Any suggestions?
copy both indicators
and only attach the MTF one...
scalping template should look like this for example
Attached Image (click to enlarge)
Click to Enlarge Name: emas.png Size: 24 KB
  • #49
  • Oct 22, 2007 2:32pm Oct 22, 2007 2:32pm
Quoting emda
copy both indicators
and only attach the MTF one...
scalping template should look like this for example
Thank still no luck. Please can you post a working or compiled version of the indicators.
  • #50
  • Oct 22, 2007 2:51pm Oct 22, 2007 2:51pm
Quoting alcastro
Well....my us/ch bombed last night and hit my s/l (-100 pips).
And my long in eu/us is in the red at this moment.
Hopefully this is part of the 15% losing trades.
Hello,
Did you went short on usd/chf? well as`i told you there was a possible uptrend. That signal came from H4 chart. You should have waited till London open or you should wait till usd/chf starts an uptrend on daily.
I hope it was only on a demo account. Good Luck

EMATRADER
  • #51
  • Oct 22, 2007 3:24pm Oct 22, 2007 3:24pm
Quoting aelimian
Thank still no luck. Please can you post a working or compiled version of the indicators.
I don't know what is the problem...
try this template ?

it's easier to backtest seeing more timeframes in one chart also.
Attached File(s)
File Type: tpl slopes 5M scalping.tpl   3 KB | 2,241 downloads
  • #52
  • Oct 22, 2007 7:19pm Oct 22, 2007 7:19pm
Quoting ematrader
Hello,
Did you went short on usd/chf? well as`i told you there was a possible uptrend. That signal came from H4 chart. You should have waited till London open or you should wait till usd/chf starts an uptrend on daily.
I hope it was only on a demo account. Good Luck

EMATRADER

Yep. Demoing your system. We'll see what happens today.

Thanks
  • #53
  • Oct 22, 2007 8:37pm Oct 22, 2007 8:37pm
Hi Ematrader,

I have been following your system from the beginning. Very nice thread.

Do your settings differ from those of Emda?

Could you post one of your templates or settings of 1 TF?

Thank you and keep up this excellent thread.

Regards
fewhills
  • #54
  • Oct 23, 2007 2:56am Oct 23, 2007 2:56am
seems the indicator will not hold the size values of the lines, I have several indicators on the screen, and wish to insure to see this, since there is no offset, I make the lines thicker, looks like it resets to 2 ...

do you plan on providing the source? , or can you fix the problem?

thanks

Andy <<cowboy>> Stapleton
forexmgr



Quoting ematrader
Okay guys here is the system for long term. The second part for making profit from small move will be posted this weekend.
Please let me know you comments about this system and results.




Have a nice day.
  • #55
  • Oct 23, 2007 4:34am Oct 23, 2007 4:34am
Hi EMATRADER
Thanks for your method, of easy intuition the things simple are always the best ones!! Enough not to be eager! Thanks still.
  • #56
  • Oct 23, 2007 6:32am Oct 23, 2007 6:32am
Quoting emda
hi ematrader.....
Try this....
it's a MTF version of the indicator.. I think it is the same as the one you use...
the advantage of it is that you can attach it multiple times to the same chart and change timeframe for each... and have all timeframes in one chart.
Nice indi.
What MAPeriod do you use in each timeframe based indicators? Default is 80, a bit high for 5min or 1min TF's
  • #57
  • Edited 8:12pm Oct 23, 2007 3:50pm | Edited 8:12pm
Quoting darko80
Nice indi.
What MAPeriod do you use in each timeframe based indicators? Default is 80, a bit high for 5min or 1min TF's
Hey Darko,

If you looking inside the indicator you will find that it it is not a straight moving average. It is instead a moving average of the moving average.

So the slope is an oscillator not a MA.

Enjoy
Ademac

**P.S Been looking into it further and it it is actually based on a HULL Trend.
  • #58
  • Oct 24, 2007 4:12am Oct 24, 2007 4:12am
Quoting alcastro
Well....my us/ch bombed last night and hit my s/l (-100 pips).
And my long in eu/us is in the red at this moment.
Hopefully this is part of the 15% losing trades.
My 2 pips observation and suggestion for those holding positions for a long period of time. It seems to me that is much safer and more logical to wait for the change in slope of directional line and get in in the beginning of the trend not just in the middle or when the bullish or bearish power is coming to an end. It's like taking a moving bus or a bus at stop.
So from my posint of view I would take long eur/usd trade on Sep 11 at about 16.00 GMT+2 time. Daily slope just change to uptrend and all other TF's pointing up at that moment. Also we passed through strong resistance and round number. One can hold this position for one month for now and it's about 400 pips up. Not so bad if to consider one single trade and watching only 1 pair.
Just imo..

Thanks ematrader for posting this system.

Best regards,
TheThing
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 21 KB
  • #59
  • Oct 24, 2007 5:01am Oct 24, 2007 5:01am
USD/JPY just change to bearish mode and all TF's have negative slope and it could be a good trade..The only thing that stops me from entering is a daily pinbar bounced from support line. I'll wait and see what happen during next hours (days).

Regards,
TheThing
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 22 KB
  • #60
  • Oct 24, 2007 5:09am Oct 24, 2007 5:09am
Quoting TheThing
USD/JPY just change to bearish mode and all TF's have negative slope and it could be a good trade..The only thing that stops me from entering is a daily pinbar bounced from support line. I'll wait and see what happen during next hours (days).

Regards,
TheThing
Hi Thing

Do you know what the settings do in the indicator and do you alter them from the standard default.

All the best
Mister ED
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