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Supernova GBP/JPY Mini Trend Catcher

  • #2,921
  • Nov 16, 2007 2:30am Nov 16, 2007 2:30am
Quoting stace
I forgot the name of this SR indi, could you please post it?
I mean indicator not the name
Attached File(s)
File Type: mq4 Support and Resistance (Barry).mq4   2 KB | 477 downloads
  • #2,922
  • Nov 16, 2007 2:40am Nov 16, 2007 2:40am
Would be much profit a script for MetaTrader that closes half automatically position to the attainment of 20pips, and moves in automatic the stop loss to the B\E...
It considers also the fast movements of the G\J..

The someone has one similar script.?
  • #2,923
  • Nov 16, 2007 3:15am Nov 16, 2007 3:15am
Quoting AlbyM
Would be much profit a script for MetaTrader that closes half automatically position to the attainment of 20pips, and moves in automatic the stop loss to the B\E...
It considers also the fast movements of the G\J..

The someone has one similar script.?
Hallo Alby!

Please read here: #781

Then find the EA in post 784 by finnfx. Just put this on an extra chart of the same currency and you can go from there!

Best Wishes!
Gnat

EDIT: Just enclosed it to ease the process
Attached File(s)
File Type: mq4 managetpv34.mq4   6 KB | 486 downloads
  • #2,924
  • Nov 16, 2007 3:17am Nov 16, 2007 3:17am
Quoting Nofx
Yes indeed - I find the Asian session to be a great source of pips.
Hey, good morning groggy Doggy!

Smooth trade this morning and also a fine move to stay out of the one discussed here later on! Hope you are fine! :

G'Morn
Gnatch
  • #2,925
  • Nov 16, 2007 3:23am Nov 16, 2007 3:23am
Quoting Gnat
Hey, good morning groggy Doggy!

Smooth trade this morning and also a fine move to stay out of the one discussed here later on! Hope you are fine! :

G'Morn
Gnatch
Hola Gnat!

Good morning to you! Yes, the trades have been good - especially the ones I stayed out of.

Hope you are well,

Dogstyler
  • #2,926
  • Nov 16, 2007 3:32am Nov 16, 2007 3:32am
Quoting Nofx
Hola Gnat!

Good morning to you! Yes, the trades have been good - especially the ones I stayed out of.

Hope you are well,

Dogstyler
I realized that in the last few trades there were no BUY postitions. Are you trading the SHORTs because you want to go with the major trand and do not like the retracements (never knowing where they may end)?

I personally caught myself only trading the retracements rather than the real moves. Somehow I still have a better feeling to go long on carries and the retracements seem more predictable in their moving potential.

Greetz! Small-eggy is "talking" to me here - if I don't make sense it is caused by distraction... : Gnattchen
  • #2,927
  • Nov 16, 2007 3:35am Nov 16, 2007 3:35am
Quoting Gnat
Hallo Alby!

Please read here: #781

Then find the EA in post 784 by finnfx. Just put this on an extra chart of the same currency and you can go from there!

Best Wishes!
Gnat

EDIT: Just enclosed it to ease the process
Thanks a lot for the file. Sorry me but I don't unterstand an full english language ..
How I must set up it the EA in order to make so that after twenty pips it moves the stop to the B\E? Thanks a lot.
  • #2,928
  • Nov 16, 2007 3:58am Nov 16, 2007 3:58am
Quoting AlbyM
Thanks a lot for the file. Sorry me but I don't unterstand an full english language ..
How I must set up it the EA in order to make so that after twenty pips it moves the stop to the B\E? Thanks a lot.
OK... please look at the pictures of the settings posted in #781:

On the COMMON tab you just copy the settings there.
On the INPUT, you define your First_Target to be 20.
Trget_Incement may be 20 again so you will take profit EVERY 20 PIPS. (20,40,60,...) until you run out of lots.
Close_Lots you set to a number of lots (0.25 or 0.5 or 2 or 20) that represent the part of your trade, you want to close after each 20 pips.

example:
Full position: 4 Lots
TP: 20: 1 Lot, 40: 1 Lot, 60: 1 Lot, 80: 1 Lot.

For the moving of STOPS to BE:

First_Stop_Target: 20 => First_Stop: 1 (will move your Stop to 1 as your TP is reached)
Second_Stop_Target: 40 => Second Stop: 10 or 20
Third_Stop_Target: 60 or 80 => Third Stop: 30 or 40 or whatever

Max Loss Function:

If you leave Use_Max_Loss at true, you can define a SL e.g. 40

Hope you understand. Otherwise we will try to have it translated to you. Any language other than Italian?

Greetz
Gnat
  • #2,929
  • Nov 16, 2007 4:04am Nov 16, 2007 4:04am
Quoting Nofx
Wolfeman,

It gets me in the trade earlier which, coupled with my use of EFX as a broker (low spreads) allows me to close out part of my position at 20 pips profit and moving my stop to BE much earlier.

Good trading to all!

NOFX
NOFX,

Hey. Wanted to shoot you a quick question on trading with EFX while using MT4 for charts. Do you have many conflicts with the bid/ask differences on both the platforms since you shoot for an initial t/p of 20?

I too am looking to manual trade the G/Y on 15 but would like the lower spreads to go along. But as far as charting, MT4 is the way to go. I just do not know how much the information on the MT4 broker differs from the EFX information and it caused any trouble? Thanks.

Adam Hefner
"Your big opportunity may be right where you are now." Napoleon Hill
  • #2,930
  • Nov 16, 2007 4:15am Nov 16, 2007 4:15am
Quoting Gnat
OK... please look at the pictures of the settings posted in #781:

On the COMMON tab you just copy the settings there.
On the INPUT, you define your First_Target to be 20.
Trget_Incement may be 20 again so you will take profit EVERY 20 PIPS. (20,40,60,...) until you run out of lots.
Close_Lots you set to a number of lots (0.25 or 0.5 or 2 or 20) that represent the part of your trade, you want to close after each 20 pips.

example:
Full position: 4 Lots
TP: 20: 1 Lot, 40: 1 Lot, 60: 1 Lot, 80: 1 Lot.

For the moving of STOPS to BE:

First_Stop_Target: 20 => First_Stop: 1 (will move your Stop to 1 as your TP is reached)
Second_Stop_Target: 40 => Second Stop: 10 or 20
Third_Stop_Target: 60 or 80 => Third Stop: 30 or 40 or whatever

Max Loss Function:

If you leave Use_Max_Loss at true, you can define a SL e.g. 40

Hope you understand. Otherwise we will try to have it translated to you. Any language other than Italian?

Greetz
Gnat

OK thanks a lot, now i try

I'm italian ..
  • #2,931
  • Nov 16, 2007 4:23am Nov 16, 2007 4:23am
Quoting AlbyM
OK thanks a lot, now i try

I'm italian ..
World Soccer Champion & Juventus fan, right?
  • #2,932
  • Nov 16, 2007 4:46am Nov 16, 2007 4:46am
Quoting TheHefner
NOFX,

Hey. Wanted to shoot you a quick question on trading with EFX while using MT4 for charts. Do you have many conflicts with the bid/ask differences on both the platforms since you shoot for an initial t/p of 20?

I too am looking to manual trade the G/Y on 15 but would like the lower spreads to go along. But as far as charting, MT4 is the way to go. I just do not know how much the information on the MT4 broker differs from the EFX information and it caused any trouble? Thanks.

Adam Hefner
Hi Adam!

I have not really experienced any problems with the different charts/platforms. I use MT4 for charting and EFX for a broker and I always just take the trading signals straight from MT4 and broker be damned - lol.
Thing is it works out fine because EFX has such a small spread that I make my 20 pips with ease in most cases. After that it is up to the individual to monitor the trade.

Hope this helps Adam,

NOFX
  • #2,933
  • Nov 16, 2007 4:53am Nov 16, 2007 4:53am
Nofx

Would you have taken this trade or wait till it breaks support?

Open at 224.05, right now its at 224.52.
Attached Image
  • #2,934
  • Nov 16, 2007 5:04am Nov 16, 2007 5:04am
Quoting Gnat
World Soccer Champion & Juventus fan, right?

ehehe yes .. I'm from TORINO (Turin)
  • #2,935
  • Nov 16, 2007 5:23am Nov 16, 2007 5:23am
Quoting et_phonehome_2
Nofx

Would you have taken this trade or wait till it breaks support?

Open at 224.05, right now its at 224.52.
Hi ET!

No, I did not take that trade and you hit upon the reason quite nicely. As you can see price has been dancing off the S1 and in that area so I would like to see a break of that level. Just look at the last several hours on the 15 min chart and you can see the bounces. I think I am pretty much done for the week. I see no reason to enter another trade in choppy market conditions when I have already exceeded my pip quota for the week.

Good trading to you ET,

NOFX
  • #2,936
  • Nov 16, 2007 5:31am Nov 16, 2007 5:31am
Quoting Nofx
Hi ET!

No, I did not take that trade and you hit upon the reason quite nicely. As you can see price has been dancing off the S1 and in that area so I would like to see a break of that level. Just look at the last several hours on the 15 min chart and you can see the bounces. I think I am pretty much done for the week. I see no reason to enter another trade in choppy market conditions when I have already exceeded my pip quota for the week.

Good trading to you ET,

NOFX

Exceeding the pip-quota of the week! This sounds really good! Hope your Dragon does appreciate this in order to sack her boss in the near future!
Have fun with the family on the weekend!
Ersma!
GMAtt
  • #2,937
  • Nov 16, 2007 6:01am Nov 16, 2007 6:01am
Quoting Gnat

Exceeding the pip-quota of the week! This sounds really good! Hope your Dragon does appreciate this in order to sack her boss in the near future!
Have fun with the family on the weekend!
Ersma!
GMAtt

LOL! I thought you might like that Flyboy. Actually, I do have a pip goal (maybe not a quota). My aim is 50 pips a day. I figure that any sensible person could make a nice living off of 50 pips a day.

Gnat you are the best! Have a great weekend and I wish your family well. Talk to you soon my friend.

DogDog
  • #2,938
  • Nov 16, 2007 6:40am Nov 16, 2007 6:40am
Quoting Gnat
Hope your Dragon does appreciate this

She loves me man! I guess the feeling is mutual - I don't know what I would do without her. Maybe have a few less eggs - LOL! Have a great weekend.

Dogstyler
  • #2,939
  • Nov 16, 2007 6:43am Nov 16, 2007 6:43am
Quoting Nofx
Hi ET!

No, I did not take that trade and you hit upon the reason quite nicely. As you can see price has been dancing off the S1 and in that area so I would like to see a break of that level. Just look at the last several hours on the 15 min chart and you can see the bounces. I think I am pretty much done for the week. I see no reason to enter another trade in choppy market conditions when I have already exceeded my pip quota for the week.

Good trading to you ET,

NOFX
Thanks.... It always amazes me how much of a difference between losing and winning is placed upon S/R and pivots. If one was to take a trade, would you recommend that the candle close completely below the Support line?
  • #2,940
  • Nov 16, 2007 9:06am Nov 16, 2007 9:06am
Quoting Nofx
Hi Adam!

I have not really experienced any problems with the different charts/platforms. I use MT4 for charting and EFX for a broker and I always just take the trading signals straight from MT4 and broker be damned - lol.
Thing is it works out fine because EFX has such a small spread that I make my 20 pips with ease in most cases. After that it is up to the individual to monitor the trade.

Hope this helps Adam,

NOFX
Hello NOFX,

Thanks for the info. I guess I always worried about the price differentiation between the two brokers. But if you see no problems as of yet that is good news. Have you noticed in price jumps on your MT4 platform that has caused your indicators to make a signal when over on EFX the prices/info really didnt change? Thank you again for your answers.

BTW..Are you the NOFX that visits forex4noobs?

Take care,

Adam Hefner
"Your big opportunity may be right where you are now." Napoleon Hill
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