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Umair's Euro/usd System

  • #121
  • Nov 6, 2007 2:43pm Nov 6, 2007 2:43pm
I,ll post more screenshots tomorrow....About entry, news timing etc, etc....Im sighning off for today....
  • #122
  • Nov 6, 2007 2:56pm Nov 6, 2007 2:56pm
Your 1st, 2nd & last signal seems to me right but only problem with your chart is RSI & ATR crossing ....They are showing some gap as compare to my chart with same setting....c my last few posts in which i have posted screenshots of same g/u chart ....
Ok u do one thing tomorrow post me same screenshot with setting of RSI=4 & ART= 14 ....I,ll think gap might fill....Otherwise other indicators are okkkzz...See my posted screenshots....u,ll find more clarity....
  • #123
  • Nov 6, 2007 2:58pm Nov 6, 2007 2:58pm
Quoting billbss
I don't se your screen shot of that trade.

Here is mine. The RSI/ATR is the bottom pane.

They still haven't crossed 4 hours later.
Post same screenshot with setting as RSI=4 & ATR=14....i want the gap to fill....Mt4 users chart showing different story....See my screenshots for more detail....
  • #124
  • Nov 6, 2007 4:53pm Nov 6, 2007 4:53pm
Hi,

I think we are using different formulas for the Average True Range (ATR) calculation.

See picture below. I'm indicating how ATR goes up after NFP bar - when it start to sum in the average - and goes down 20 bars later. Besides, it is smoother than the ATR showed in your pictures.

MT4 calculates ATR(20) as:

20 SimpleMA of (Maximum(High,Close)-Minimum(Close,Low))

Do you know which formula does your platform use ?
Attached Image
  • #125
  • Nov 6, 2007 5:48pm Nov 6, 2007 5:48pm
have you ever loss with this system?

what about your p/l ratio within 5-6 last months?
  • #126
  • Edited 8:49pm Nov 6, 2007 8:34pm | Edited 8:49pm
just got a signal on G/J pair. sell on 239.35. tp 238.95 (pivot point) sl 239.59.. let's see how this trade will go..

it's fast... hit my sl. but it goes to the right direction about +-35 pips, but go back and hit my sl. luckily it's a demo...

the time on fxcm is 10.30 (sgt+8.00)
  • #127
  • Nov 6, 2007 9:07pm Nov 6, 2007 9:07pm
Hey, look at this...

Middle window is RSI 7 in combination with ATR 20, exactly as it appears on pictures posted as correct ones.

Bottom window is ATR 20 as it appears on MT4 platform.

It looks like ATR20 on middle window is ATR of RSI, not ATR of price like bottom one.

MT4 only supports ATR on price.

It's anybody there that can help us with an indicator for MT4?
Attached Image
  • #128
  • Nov 6, 2007 10:54pm Nov 6, 2007 10:54pm
Quoting gunset
just got a signal on G/J pair. sell on 239.35. tp 238.95 (pivot point) sl 239.59.. let's see how this trade will go..

it's fast... hit my sl. but it goes to the right direction about +-35 pips, but go back and hit my sl. luckily it's a demo...

the time on fxcm is 10.30 (sgt+8.00)
U should have to close ur position at +30 pips coz see my previous posts i have in which mentioned that how to change SL time to time.... i think go back and see page no one.....Can u show me screenshot of your that trade coz i have already posted the screenshots of my succesful trade on g/j tomorrow....
  • #129
  • Nov 6, 2007 10:56pm Nov 6, 2007 10:56pm
Quoting gunset
just got a signal on G/J pair. sell on 239.35. tp 238.95 (pivot point) sl 239.59.. let's see how this trade will go..

it's fast... hit my sl. but it goes to the right direction about +-35 pips, but go back and hit my sl. luckily it's a demo...

the time on fxcm is 10.30 (sgt+8.00)
If you r using MT4 charts then sorry im not sure about ur entry point....see screen shots of my same g/j entry ....+40 pips i get with same -20 pips sl....
  • #130
  • Nov 6, 2007 11:02pm Nov 6, 2007 11:02pm
my broker is NF, but I see the fxcm chart to confirm the ATR poin (since the value of ATR is different between mt4 and fxcm's). yes, I should change the SL when the price go +30pips, but It was too fast, so the order can't go through the server, there comes the loss.. hiks... I think I should use the TS 25 pips, or fix profit at 40 pips for gj, because the fast movement.
  • #131
  • Nov 6, 2007 11:02pm Nov 6, 2007 11:02pm
Quoting Umairs2004
I,ll just give u advice that try to use this system on G/J instead of other jpy pairs coz i have a goood experience of tht system with G/J....Im not sure about other Jpy,s.....
Thanks for your advice on the jyp.Btw i was trading the ejy yesterday.i also think the atr14 and rsi 4 show the cross better. is that a singal on the gjy right now?
  • #132
  • Nov 6, 2007 11:02pm Nov 6, 2007 11:02pm
Quoting masilva
Hey, look at this...

Middle window is RSI 7 in combination with ATR 20, exactly as it appears on pictures posted as correct ones.

Bottom window is ATR 20 as it appears on MT4 platform.

It looks like ATR20 on middle window is ATR of RSI, not ATR of price like bottom one.

MT4 only supports ATR on price.

It's anybody there that can help us with an indicator for MT4?
That is the problem with MT4 users i think!!!
U got the point man....I think their mt4 charting package didnt support rsi with atr....thats why still showing gap....
  • #133
  • Nov 6, 2007 11:07pm Nov 6, 2007 11:07pm
Quoting ericoco
Thanks for your advice on the jyp.Btw i was trading the ejy yesterday.i also think the atr14 and rsi 4 show the cross better. is that a singal on the gjy right now?
Sure man +40 pips again but dont enter now ur late now u have to enter inthe appearance of 1st sar dot coz other conditions already met....see the charts....Unluckly im late to to enter and missed the clean and clear pips....Dammmmmm
  • #134
  • Nov 6, 2007 11:14pm Nov 6, 2007 11:14pm
he, he am already in and at +24 atm.the 2 atr in my chart are the same.
Attached Image
  • #135
  • Nov 6, 2007 11:19pm Nov 6, 2007 11:19pm
Quoting ericoco
he, he am already in and at +24 atm.the 2 atr in my chart are the same.
GooodLuck & Happy Pips!!!
Hey Its Seems that Combination of RSI=4 & ATR=14 works great for MT4 users loook at ur chart it seems almost same like mine ....im going to post the screenshot of mine....wait
  • #136
  • Nov 6, 2007 11:32pm Nov 6, 2007 11:32pm
Quoting Umairs2004
That is the problem with MT4 users i think!!!
U got the point man....I think their mt4 charting package didnt support rsi with atr....thats why still showing gap....
RSI and ATR are based upon different scales.
RSI ranges between 0 and 100- large numbers.
ATR is numbers like .0023 or 1.07.

If you put them in the same window and report them accurately, the ATR would look like a straight horizontal line, near 0, and the RSI would be huge compared to it.
In reality every time RSI crosses the zero line, it's crossing the ATR.

Charting software magnifies the ATR when you put it in the same window with RSI to make the two indicators look similar in magnitude.

Different software makers can use different multipliers on the ATR and it will look differently in relation to the RSI.

If yours are crossing and some other chart shows them not crossing, it's pure accident and is meaningless. Neither is right and neither is wrong. Both charts distort the ATR in different ways.
  • #137
  • Nov 6, 2007 11:33pm Nov 6, 2007 11:33pm
Just took my 30 pips on that one . gota go to work now.good luck all and happy green pips
  • #138
  • Edited Nov 7, 2007 4:49am Nov 6, 2007 11:38pm | Edited Nov 7, 2007 4:49am
Quoting ericoco
he, he am already in and at +24 atm.the 2 atr in my chart are the same.
Guys!!! Loook at the SCREENSHOT of my chart....Clear short signal....i have to enter for short whn first sar dot appears and see below rsi already crosses atr and heading downside....ssto is also did the same thing already....Masd also crosses its two lines and going down....But DAMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM unluckly i miss the apportunity and whn i see my chart it was the 3rd red candle with 3rd sar dot on above....I didnt enter why...? coz ssto was alredy in downside and i know tht mkt can anytime bounces back....so im justing waiting and watching that how i miss the clear chance....
On the other hand see the same fig. with arrow back....Macd already crosses, first sar dot appears and rsi was very near to cross. but if incase i enter i that trade then i have to exit on almost breakevent coz appposite sar dot was there....but soon if was there then i enter again coz coditions were strongly appears in my favour whn again sar dot appears above ....Anyways see the screeshot that how i missed....the clean chance of entrance....Here u can see that how ssto works coz it saves me to enter in a oversold condition....Although mkt is breash but u see i dont take stupid entries or chances....
Attached Image (click to enlarge)
Click to Enlarge Name: My Losing apportunity of Entrance.jpg Size: 761 KB
  • #139
  • Nov 6, 2007 11:42pm Nov 6, 2007 11:42pm
Quoting billbss
RSI and ATR are based upon different scales.
RSI ranges between 0 and 100- large numbers.
ATR is numbers like .0023 or 1.07.

If you put them in the same window and report them accurately, the ATR would look like a straight horizontal line, near 0, and the RSI would be huge compared to it.
In reality every time RSI crosses the zero line, it's crossing the ATR.

Charting software magnifies the ATR when you put it in the same window with RSI to make the two indicators look similar in magnitude.

Different software makers can use different multipliers on the ATR and it will look differently in relation to the RSI.

If yours are crossing and some other chart shows them not crossing, it's pure accident and is meaningless. Neither is right and neither is wrong. Both charts distort the ATR in different ways.
Hammm....
  • #140
  • Nov 6, 2007 11:47pm Nov 6, 2007 11:47pm
Quoting billbss
RSI and ATR are based upon different scales.
RSI ranges between 0 and 100- large numbers.
ATR is numbers like .0023 or 1.07.

If you put them in the same window and report them accurately, the ATR would look like a straight horizontal line, near 0, and the RSI would be huge compared to it.
In reality every time RSI crosses the zero line, it's crossing the ATR.

Charting software magnifies the ATR when you put it in the same window with RSI to make the two indicators look similar in magnitude.

Different software makers can use different multipliers on the ATR and it will look differently in relation to the RSI.

If yours are crossing and some other chart shows them not crossing, it's pure accident and is meaningless. Neither is right and neither is wrong. Both charts distort the ATR in different ways.
Bill!!!
Try to use RSI=4 & ATR=14and post the same screenshot here of G/J which i have just post....coz see a post of ERICO ...see his screeshot oF RSI & ATR with setting 4=14 respectively...his mt4 chart shows almost same like me....Check it and tell me if it works on ur mt4 then my be i advice mt4 user only to set rsi and atr with these settings....
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