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High & Low 8 Hours (GBP/JPY)

  • #721
  • Nov 22, 2007 2:10am Nov 22, 2007 2:10am
Trades from US esp PST. How you all monitor trades to find if an order hit the SL and put another order again.

I assume you all start trading from 6pm PST?
  • #722
  • Nov 22, 2007 3:51am Nov 22, 2007 3:51am
i believe that we have 2 long trade that hit the SL. Not a good day today. But may looking for tomorrow... Hopefully will get green pips...
  • #723
  • Nov 22, 2007 3:53am Nov 22, 2007 3:53am
Hi Bliss,

From which chart? is it 1 hour chart or 4 hours chart?
Cause i find it difficult to read the high and low from the chart.
do you have any indicators to show high low ?

Quoting billbss
From the chart itself.
  • #724
  • Nov 22, 2007 4:13am Nov 22, 2007 4:13am
Quoting tjsun80
Hi Bliss,

From which chart? is it 1 hour chart or 4 hours chart?
Cause i find it difficult to read the high and low from the chart.
do you have any indicators to show high low ?
There are three indicators posted in this thread so far, click on the attachments tab at the top of this page and choose one or more of them.
Attach the indicator to a 1hr chart, it is easier.
Regards
  • #725
  • Nov 22, 2007 4:37am Nov 22, 2007 4:37am
Hi Howard,

Would you be kind enough to post the indicators for high and low again?
Thank you very much in advanced

Quoting howard
There are three indicators posted in this thread so far, click on the attachments tab at the top of this page and choose one or more of them.
Attach the indicator to a 1hr chart, it is easier.
  • #726
  • Nov 22, 2007 4:45am Nov 22, 2007 4:45am
Hi Howard,

If i am not mistaken, the indicator is SDX-ZoneBreakout-Nicotina, right?

Quoting howard
There are three indicators posted in this thread so far, click on the attachments tab at the top of this page and choose one or more of them.
Attach the indicator to a 1hr chart, it is easier.
  • #727
  • Nov 22, 2007 6:36am Nov 22, 2007 6:36am
Quoting tjsun80
Hi Howard,

If i am not mistaken, the indicator is SDX-ZoneBreakout-Nicotina, right?
That is one of them.
The other is called "The Box" and another one called "i-ParamonWorkTime"
Regards
  • #728
  • Nov 22, 2007 7:17am Nov 22, 2007 7:17am
Hi,
Does anybody have a track record of this system?
Please post it.
  • #729
  • Nov 22, 2007 7:28am Nov 22, 2007 7:28am
Quoting tjsun80
Hi Bliss,

From which chart? is it 1 hour chart or 4 hours chart?
Cause i find it difficult to read the high and low from the chart.
do you have any indicators to show high low ?
I use the 1H chart. I check the area beginning at 1800 and ending at 0200 and visually see what the high and low were.
  • #730
  • Nov 22, 2007 7:52am Nov 22, 2007 7:52am
Quoting tjsun80
Hi Howard,

Would you be kind enough to post the indicators for high and low again?
Thank you very much in advanced
Here it's


BK
Attached File(s)
File Type: mq4 SDX-ZoneBreakout2.mq4   9 KB | 715 downloads
  • #731
  • Nov 22, 2007 7:55am Nov 22, 2007 7:55am
Quoting tjsun80
Hi Howard,

Would you be kind enough to post the indicators for high and low again?
Thank you very much in advanced

Check this link, it's full of useful things:

www.forexmt4.com


BK
  • #732
  • Nov 22, 2007 8:48am Nov 22, 2007 8:48am
Quoting sovo1970
sorry , one more indicator...... thanks Palmer for this indi......

Thanks for the indicator and template..

Will you pls be kind enough to explain your settings and how to interpreat and change?

(1) Sdx .. How can I change the time to set according to my broaker and GMT as required for Nicotina's time? The way it is as a default it is one hour off..

(2) Can you explain 4H_macd_rhythm?

Thanks in advance

Pipmonger
  • #733
  • Nov 22, 2007 9:20am Nov 22, 2007 9:20am
Quoting HnP
i believe that we have 2 long trade that hit the SL. Not a good day today. But may looking for tomorrow... Hopefully will get green pips...
I changed the strategy slightly and I'm using SL 100 instead of 50. 50 seems too little for this pair.

Like today on the event of being stopped out twice for 50 pips I'm still running the trade. In bad shape, I give you that, but still breathing lol...

I can live with 1:1 r:r as long as the strategy is profitable in most of the days.
  • #734
  • Nov 22, 2007 9:29am Nov 22, 2007 9:29am
Quoting cesarnc
I changed the strategy slightly and I'm using SL 100 instead of 50. 50 seems too little for this pair.

Like today on the event of being stopped out twice for 50 pips I'm still running the trade. In bad shape, I give you that, but still breathing lol...

I can live with 1:1 r:r as long as the strategy is profitable in most of the days.
As the method allows 2 stop-outs in one direction or 2 directions, if you increase the stop from 50 to 100, the total potential risk per day would be -200 whereas the potential reward per day is +100, unless the strategy is changed altogether
Regards
  • #735
  • Nov 22, 2007 9:36am Nov 22, 2007 9:36am
Quoting howard
As the method allows 2 stop-outs in one direction or 2 directions, if you increase the stop from 50 to 100, the total potential risk per day would be -200 whereas the potential reward per day is +100, unless the strategy is changed altogether
ooh... I actually cancel the pending other that wasn't triggered
  • #736
  • Nov 22, 2007 2:06pm Nov 22, 2007 2:06pm
Quoting cesarnc
ooh... I actually cancel the pending other that wasn't triggered

Ya as one get triggered I cancel the other one, fortunately last night I was around to watch the trade as the buy got triggered and I closed it manually right around 90TP before it started going down, lucky time to look and didn't loose this one but by the rules it was a lose heh

ps don't set SL 100 there's a couple reasons that would work, in some cases the other trade will get triggered, and losses will be greater if you include spread
  • #737
  • Nov 22, 2007 2:19pm Nov 22, 2007 2:19pm
Quoting sovo1970
By the way.... You could use the SDX breakout indicator to back test Nicotina system. here is the screen shot....of it.... you can scroll back the platform..... and see how the system performed.....
this is anthony how did you find those support and resistance indicators i would like to have those they look very helpful halla back please
  • #738
  • Nov 22, 2007 7:10pm Nov 22, 2007 7:10pm
Quoting pipmonger
Thanks for the indicator and template..

Will you pls be kind enough to explain your settings and how to interpreat and change?

(1) Sdx .. How can I change the time to set according to my broaker and GMT as required for Nicotina's time? The way it is as a default it is one hour off..

(2) Can you explain 4H_macd_rhythm?

Thanks in advance

Pipmonger
I agree. Can someone please show how to configure this indicator to fit nicotina's break out. Or any other indicator that can be used.
This would help in back testing.

Thanks
TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #739
  • Nov 22, 2007 7:59pm Nov 22, 2007 7:59pm
Hi Bro Howard, billbss and bkoori,

Thanks. from forum we can learn a lot of things.

Quoting howard
That is one of them.
The other is called "The Box" and another one called "i-ParamonWorkTime"
  • #740
  • Nov 22, 2007 8:01pm Nov 22, 2007 8:01pm
Hi Bro billbss,

So after determining the highest and lowest, we set leave it from 0200 to 1800 for the buystop and sellstop, right?

Quoting billbss
I use the 1H chart. I check the area beginning at 1800 and ending at 0200 and visually see what the high and low were.
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