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Umair's Euro/usd System

  • #281
  • Nov 13, 2007 2:40am Nov 13, 2007 2:40am
Your post no 269 and page no 18 post about E/U screenshot is same like my chart...see it by urself....
But see venca,s chart in which i have pointed the entry candles ...he is also mt4....
i have posted lot of screenshorts of my chart with trades on daily basis...and the puropse is just to compare ur charts with my chart...even whatever charting packages ur using....
If rsi=7 & atr= 20 suits u then best is that
if rsi=4 & atr=14 suits u then even also best dosn't matter...
just compare ur charts with my chart and analysis which is batter setting for u....
coz other chart users may fit rsi=7 & atr=20 best
but mt4 may suits rsi=4 & atr=14 best...
  • #282
  • Nov 13, 2007 2:50am Nov 13, 2007 2:50am
Hi Umair,
in this version of G/J comp the settings for SSTO are corrected.
Have a good day
walb99
Attached Image (click to enlarge)
Click to Enlarge Name: pic-7.gif Size: 37 KB
/ ... clarifying decisions ... /
  • #283
  • Nov 13, 2007 3:02am Nov 13, 2007 3:02am
Clear G/J Short signal as it pulls back also but enter important news is coming....
  • #284
  • Nov 13, 2007 3:09am Nov 13, 2007 3:09am
Quoting walb99
Hi Umair,
in this version of G/J comp the settings for SSTO are corrected.
Have a good day
walb99
Your settings on your mt4 seems perfect according to my G/J Chart....but see the fxcm,s chart it wrong settings of rsi & atr
it seems tht u first set atr=20 & then put rsi=7 in it....but u have to set as rsi=7 & atr=20 in it according to my system rulzz and requirments....onthe other hand ur setting on G/J on ur mt4 chart looks same like my chart whatever setting u have set there in ur mt4 chart...
  • #285
  • Edited 3:24am Nov 13, 2007 3:14am | Edited 3:24am
See the screenshot
Attached Image (click to enlarge)
Click to Enlarge Name: eeuu.JPG Size: 222 KB
  • #286
  • Nov 13, 2007 3:23am Nov 13, 2007 3:23am
Hi Umair, i have tried but don't know how to combine RSI and ATR in MT4..
Can you please use your MT4 and plot your indicators and settings, and give us final MT4 template file?
  • #287
  • Nov 13, 2007 3:30am Nov 13, 2007 3:30am
Now I put the RSI first on powercharts and also on MT-charts, the MT-chart displays a comparison of RSI 7 + ATR 20 and RSI 4 + ATR 14
Attached Image (click to enlarge)
Click to Enlarge Name: pic-8.gif Size: 44 KB
/ ... clarifying decisions ... /
  • #288
  • Nov 13, 2007 3:32am Nov 13, 2007 3:32am
Quoting burhan
Hi Umair, i have tried but don't know how to combine RSI and ATR in MT4..
Can you please use your MT4 and plot your indicators and settings, and give us final MT4 template file?
Page No#18
Post No#259 of my thread
Go there and learn it...
Yar i almost never use MT4 Before in my trading life...I dont know much about it....read the other posts of my thread...maybe somebody using mt4 may helps you...im using Fxcm, Oanda & Xtick charts
  • #289
  • Nov 13, 2007 3:57am Nov 13, 2007 3:57am
Hi burhan!

you wrote:

i have tried but don't know how to combine RSI and ATR in MT4..Can you please use your MT4 and plot your indicators and settings,

these are all standard indicators with th settings discribed on the fisrt page of this thread. the only trick is to get the dragging thing with the ATRonRSI fixed, which is also discribed in a recent post.
Hope this helps
walb99
/ ... clarifying decisions ... /
  • #290
  • Nov 13, 2007 6:19am Nov 13, 2007 6:19am
??? correct ???
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_JPY.JPG Size: 81 KB
  • #291
  • Nov 13, 2007 6:29am Nov 13, 2007 6:29am
Quoting Venca
??? correct ???
Blue line is of rsi....? which is above...?
I have also entered in a 2nd candle with 2nd long signal for +30 pips already,,,,see ssto and rsi they are going to overbought...if u enter like me in a second candle with 2nd long sar dot then see how u gettin pips...
  • #292
  • Nov 13, 2007 6:34am Nov 13, 2007 6:34am
Quoting Venca
??? correct ???
See macd it crossed in a first candle then meanwhile sar dot appears...i was also about to enter in a first candle when macd was almost near to crossed but before i enter G/J pulls back strongly then i expected...i just wait and let the macd crossed then i entered in a second candle with 2nd sar long dot
  • #293
  • Nov 13, 2007 6:37am Nov 13, 2007 6:37am
RSI is blue, ATR is red. All blue lines must be above the red lines for long. Or vice versa: all blue lines must be bellow the red lines for short.
  • #294
  • Nov 13, 2007 6:43am Nov 13, 2007 6:43am
Quoting Venca
RSI is blue, ATR is red. All blue lines must be above the red lines for long. Or vice versa: all blue lines must be bellow the red lines for short.
Good that u got some pips...
Know u may know how all conditions met to enter for a valid trade,,,
just practice hard...i,ll soon post more easy scalping method...gooodluck
  • #295
  • Nov 13, 2007 6:54am Nov 13, 2007 6:54am
Thank you. Good luck to you too.
I will use SL=20pips for EUR/USD and SL=30pips for GBP/JPY. When condition met I will wait for some retracement on 5min chart. It should work.
  • #296
  • Nov 13, 2007 7:01am Nov 13, 2007 7:01am
Quoting Venca
Thank you. Good luck to you too.
I will use SL=20pips for EUR/USD and SL=30pips for GBP/JPY. When condition met I will wait for some retracement on 5min chart. It should work.
Listen...
If all condition for example met for long and the candle u want to enter is already move upto 15/20 pips then dont enter in a same candle until it pulls back or even if it didnt then enter in a next candle...u,ll sureshot get some quick pips in a next candle....coz G/J got great volatality and there is chance of hitting SL if u entered in candle for long if already the candle u wana enter moves upto 15/20 pips...but if u still enter then u have to change ur SL strategy for G/U AND about E/U its ok ....
  • #297
  • Nov 13, 2007 7:29am Nov 13, 2007 7:29am
sEE e/u
  • #298
  • Nov 13, 2007 7:47am Nov 13, 2007 7:47am
... SL 1,4618 ... but feel nervous.
  • #299
  • Nov 13, 2007 8:03am Nov 13, 2007 8:03am
waiting for SL hit. Learning to love my losses
  • #300
  • Nov 13, 2007 8:15am Nov 13, 2007 8:15am
Just one pip need to my sl to hit but it just bounces back....Im still there...better u exit on B.E Or near B.E...
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