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Auslanco 15min GBP/JPY startegy

  • #441
  • Nov 15, 2007 11:33am Nov 15, 2007 11:33am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting yemmey
I have done all you advised me to do and I got the chart (Ausy) at last, but I could only get the dots and not the arrows.

right click on the chart, indicators list and check you have the

MT4-levelstop-reverse-vBO-4

open this and check the settings match the document and then close.

sometimes this needs to be done to kick start it on new charts, this produces the arrows.

the dots are created by the QQE's

let me know how you get on.
  • #442
  • Nov 15, 2007 8:23pm Nov 15, 2007 8:23pm
Need some help here guys and gals. I am the one putting together the web site for Auslanco. I have accumulated what I could from other posters such as M2B, MPP, Auslanco, etc and put on the site.

Please PM me, I do not want to clutter up the thread with answers to my request.

I am now working on the download and links sections. I have some items up there but would like suggestions, especially in the links section. Looking for news, educational links mainly. Ones that will help any newbies and that fit in with Auslanco's overall strategies.

In the download section, I really only want to put up items that Auslanco or any of the senior members use to trade Auslanco's strategy. That way it will not get cluttered with "suggestions" from others, who even though they are trying to help, do not fit into this great strategy.

Rod
Trade what you see, not what you think.
  • #443
  • Edited 1:47am Nov 16, 2007 1:02am | Edited 1:47am
A question came up the other day on the main thread about exiting a trade based on the QQE5 crossing over. It took me awhile to realize the true issue, but it turned out to be two different views about the type of QQE cross over that has to occur.

One view sees it as the convential cross over of the two QQE5 lines. This makes sense to them because the docs don't mention the 50 line in the "Exit" sentence. The other view sees it as the QQE crossing the 50 line in the opposite direction of the trade. This makes sense because the QQE crossing the 50 line in the direction of the trade is what helped define the trade signal in the first place.

The issue grows more interesting if you look at some of the older written instructions. They contain a snapshop of Auslanco's original post. In one sentence he says the QQE crossing the 50 line is a buy signal, and in the next he says that if it crosses back over you must exit:

4. I use QQE 5 & QQE 1 in addition to QQE60.
- after you get the two signals (Arrow & QQE 60 cross signal) You enter after the QQE5 or QQE1 cross the 50 line.
- If QQE5 cross to the opposite direction you must exit the trade.

When looked at this way, one could easily assume he was talking about crossing the 50 line, since he had just mentioned it in the previous sentence. But in future instructions additional info has been added between those two sentences. One includes info about pivots points. Now the web site has info about pivot points, plus a screen shot. If indeed Aus was referring to a cross of the 50 line, it's getting lost in the translation nowadays.

I'm inclined to think that a cross over of the 50 line would invalidate the trade, since that's what helped define it in the first place. And that Aus communicated it fairly well in his original post, but that it may have lost it's meaning over time. But I could use a second or third opinion. I've found several questions / answers about "re-entries" in this thread, but didn't locate any regarding the exits.

Thanks!

P.S. - Here's a partial copy of the instructions (below) so you can refer to easily. The web site has virtually the same thing, plus a screen shot after the pivot info.
****************************************************
How to spot a trade opportunity:
Buy/Sell signals:
After you get the two signals (Arrow & QQE 60 cross signal) You enter after the QQE5 or QQE1 cross the 50 line.
Only take the short trade if the signal generates below the Daily Pivot level.
Only take the Long trade if the signal generates above the daily pivot level.

Exit:
If QQE5 cross to the opposite direction you must exit the trade.

*****************************************************
  • #444
  • Nov 18, 2007 5:24pm Nov 18, 2007 5:24pm
Quoting cybernan
Until I found this thread I have been practicing with Raghee Horner's " 34ema and macd system. This system has to be used on 1hr and 4 hr tf. With a $2000 sum to trade with the GJ was out of my range because of the SL.

But after I managed to get the gann, QQE, MOM,50sma and 100sma set up on MT4 -I applied the 34ema and MACD to Aus's system and it works like reading a book on the 5 and 15 tf!

The way it works is when the direction crosses the 34ema either up or down you can enter in that direction with hardly any SL at all. This must be verified by the MACD crossing 0. On the 5 min and 15 min you really need all Auslanco's additions avoid whip saws. You can see exactly which candle to enter on by waiting until the first or second candle closed above or below and enter on the next candle at that time.

This allows me to play the GJ pair! On Friday I took a deep breath and entered after a long consolodation on the 34. WOW!! I let it run until closing and got out and got in again yesterday. I have doubled my act. in 2 days!!

Raghee started trading stocks when she was 18 - 20 years ago. At that time you had to go through a broker. She had a lot of help learning to read charts by long term seasoned brokers that took an interest in her. (very pretty girl) She knows her stuff. I would have used her system all the way but didn't have the money so I bought her books. Since I am a Senior living on SS I have been looking for a way to apply her info at a level where I could afford the SL and still make enough $ to grow. GJ is the perfect marriage for my starting funds to grow the fastest.
If u dont mind, what is the MACD setting u used? Thank in adv.
  • #445
  • Nov 18, 2007 5:28pm Nov 18, 2007 5:28pm
its in post 436 bro.
Quoting HnP
If u dont mind, what is the MACD setting u used? Thank in adv.
  • #446
  • Nov 20, 2007 5:39am Nov 20, 2007 5:39am
Did as u advised and I now have d arrows.http://www.forexfactory.com/images/icons/icon10.gif
Thanx a million MPP.
Had some technical problems with my ISP in d last 2 or 3 days. Dat's why I couldn't keep u posted earlier than now.
Thanx again.
U're a time saver/stress braker.http://www.forexfactory.com/images/icons/icon14.gif
Quoting MPP
right click on the chart, indicators list and check you have the

MT4-levelstop-reverse-vBO-4

open this and check the settings match the document and then close.

sometimes this needs to be done to kick start it on new charts, this produces the arrows.

the dots are created by the QQE's

let me know how you get on.
  • #447
  • Edited 7:22pm Nov 20, 2007 6:08am | Edited 7:22pm
Hi, could someone help me to put a sound alert when Gann Hilo crosses? Would truly appreciate it!
  • #448
  • Nov 20, 2007 7:18am Nov 20, 2007 7:18am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting ljyljl5555
Hi, could someone help me to put a sound alert when Gann Hilo crosses? Would truly appreciated!
need to be more specific, crosses what? and on which platform?
  • #449
  • Nov 20, 2007 7:19am Nov 20, 2007 7:19am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting yemmey
Did as u advised and I now have d arrows.http://www.forexfactory.com/images/icons/icon10.gif
Thanx a million MPP.
Had some technical problems with my ISP in d last 2 or 3 days. Dat's why I couldn't keep u posted earlier than now.
Thanx again.
U're a time saver/stress braker.http://www.forexfactory.com/images/icons/icon14.gif
happy trading
  • #450
  • Nov 20, 2007 7:21pm Nov 20, 2007 7:21pm
Quoting MPP
need to be more specific, crosses what? and on which platform?
Hi, thanks for taking notice, MPP. what i meant is when the market price equals to the gann hilo. ie the change of trend. The platform is MT4.
  • #451
  • Nov 20, 2007 9:21pm Nov 20, 2007 9:21pm
has anyone got the MQL4 template version for this 15 min GJ ? I dont mind trying it out.

you can pm me with file.

A thousand thank u's in advance!
  • #452
  • Nov 20, 2007 10:15pm Nov 20, 2007 10:15pm
may i know what is the setting for Daily Pivot points at start times for mine location? me here is (GMT +8). i dun know wat value i suppose to fill in the Day Start Hour.
  • #453
  • Edited 8:11am Dec 2, 2007 7:09am | Edited 8:11am
15min Strategy (Latest Version)

I use three time frames for this strategy

15 min, Daily(for daily 5sma confirmation only) and 1hr charts(for 1hr 100sma confirmation only).
Indicators for 15 min charts:

1)Quantitative and Qualitative Estimation Indicator (QQE) Go to indicator properties and change the smoothing factor to 60 ( we only use the RS Index(Green line on the QQE indicator as you can see on the posted charts) Level RSISlow(the red dotted line on the QQE indicator as on the posted chart). Note : we ignore the RSI fast line for this strategy.


2)Quantitative and Qualitative Estimation Indicator (QQE) value 5

same as QQE 60: Go to indicator properties and change the smoothing factor to 5 ( we only use the RS Index(Green line on the QQE indicator as you can see on the posted charts) Level RSISlow(the red dotted line on the QQE indicator as on the posted chart). Note : we ignore the RSI fast line for this strategy. Also draw a line across the value 50 as you can see on the posted charts . You can do this on the indicator properties.

3) Level Stop reverse Cycle

change these values at indicator properties.
ATR Periods 28 (Changed from the previous version)
ATR Multiplyer 2.75 (Changed from the previous version)

4) Daily Pivot

Change your daily pivot "start time" at the start of every single session.
Eg:
19.00 EST for Tokyo
03.00 EST for London
08.00EST for New York

1 Hr charts-

1)100 sma

Daily charts

1)5sma ( Newly added)


Strategy rules.
BUY


%. price above the 1hr 100sma
%. Price above the Daily 5sma
%. Price above the session Daily pivot
%. Levels Stop Reverse Indicator- buy arrow
%. QQE5 crossed up( RSIndex line-Green crossed upwards the LevelRSIslow)and crossed the 50 line upwards
%. QQE60 crossed up( RSIndex line-Green crossed upwards the LevelRSIslow). NOTE: QQE60 has to cross upwards while the price is above the 1hr 100sma and Daily 5sma. If the QQE60 cross upwards for a buy signal from Below the Daily 5sma or 1hr 100sma I don't take that signal.


Exit: when QQE 60 cross to the opposite direction


Sell signal visa versa.

This strategy is only available for VT trader and MT4 users.

VT trader charts come with the QQE indicator and Daily Pivots.

If you have any questions please direct them to the auslanco-GBP/JPY thread or 15 min strategy thread at Forex Factory Forum.


Please note that I receive over 30 emails a day and another 20-30 PM's inquiring about various things. Things are only getting worse with the newly launched signal service. Therefor please dont send me any emails asking silly questions such as "you cant see an arrow on your charts , how to change the indicator colors , where to download the indicators, you having problems downloading the indicators, where to change the indicator values etc etc. If I dont answer your question within 24hrs , the chances are you will never get a reply from me for the relevant email since I have answered the same question many many times before on the forum. There are many competent traders who are using this strategy on the Forex Factory Auslanco GBP/JPY and 15 min strategy thread , and any one of them will be willing to answer your question.
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  • #454
  • Dec 2, 2007 9:20am Dec 2, 2007 9:20am
Are you still only taking trades between 0400 and 1500 GMT?
  • #455
  • Dec 2, 2007 7:04pm Dec 2, 2007 7:04pm
Does anybody know the equivalent of the 1 hr sma for the 15 minute chart?

Also the Daily 5sma for the 15 minute chart?
  • #456
  • Dec 2, 2007 7:07pm Dec 2, 2007 7:07pm
Quoting fxshadow
Does anybody know the equivalent of the 1 hr sma for the 15 minute chart?

Also the Daily 5sma for the 15 minute chart?
The equivalent? What do you mean?

Just put a 100sma on the 1H chart and a 5sma on the daily chart.
  • #457
  • Dec 2, 2007 7:40pm Dec 2, 2007 7:40pm
It would be nicer to have it all on one chart.
  • #458
  • Edited 10:04pm Dec 2, 2007 9:01pm | Edited 10:04pm
Quoting fxshadow
Does anybody know the equivalent of the 1 hr sma for the 15 minute chart?

Also the Daily 5sma for the 15 minute chart?
This would be nice.

In theory, you could take the 1hr 100sma and multiply it by 4 (because there are 4 more price bars per hour on the 15min chart than on the 1hr chart). This would come out to 100 x 4 = 400sma on the 15min chart. But in actual practice it doesn't work out exactly right, because new 15min price bars keep closing while the 1hr price bar remains unclosed. This changes the 15min 400sma, while the 1hr 100sma stays the same. So you end up having discrepancies, and the 1hr 100sma is the one that's correct, not the 15min 400sma.

Likewise for Daily 5sma, you could take the number of hours in a day (24) and multiply that by 5, which comes out to a 120 hour period. Then you could convert that to a 15min chart using 120 x 4 = 480sma. But again, there will be 15min price bars closing before the daily bar closes, and this will lead to similar discrepancies (this time even more significant), and it will be the Daily 5sma on the daily chart that's the correct one.

So your best bet is to get the info from the 1hr and Daily charts. Otherwise your numbers will be different than everyone else most of the time.

Hope this helps!

  • #459
  • Dec 2, 2007 9:46pm Dec 2, 2007 9:46pm
Quoting Pips_Cruiser
This would be nice.

In theory, you could take the 1hr 100sma and multiply it by 4 (because there are 4 more price bars per hour on the 15min chart than on the 1hr chart). This would come out to 100 x 4 = 400sma on the 15min chart. But in actual practice it doesn't work out exactly right, because new 15min price bars keep closing while the 1hr price bar remains unclosed. This changes the 15min 400sma, while the 1hr 100sma stays the same. So you end up having discrepancies, and the 1hr 100sma is the one that's correct, not the 15min 400sma.

Likewise for Daily 5sma, you could take the numbers hours in a day (24) and multiply that by 5, which comes out to a 120 hour period. Then you could convert that to a 15min chart using 120 x 4 = 480sma. But again, there will be 15min price bars closing before the daily closes, and this will lead to similar discrepancies (this time even more significant), and it will be the Daily 5sma on the daily chart that's the correct one.

So your best bet is to get the info from the 1hr and Daily charts. Otherwise your numbers will be different than everyone else most of the time.

Hope this helps!

Thanks!

It's interesting to see how close together those sma's are on the 15 minute chart. Might be something for Aus to look at if there is another strategy change.
  • #460
  • Dec 2, 2007 10:48pm Dec 2, 2007 10:48pm
Quoting fxshadow
It would be nicer to have it all on one chart.
You can always make notations on the 15min chart. I do that for pivots and the daily 5sma. It would probably work for the 1hr 100sma too, as long as you check the 1hr chart now and then, and keep the 15min notation up to date. Especially on days when it's an issue.
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