Simply put, because trading necessitates an element of discretion, instinct, and experience. One needs a flexible framework. Were that easy enough for a non-discretionary system, even you could do it.
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- #5,444
- Dec 5, 2007 10:52pm Dec 5, 2007 10:52pm
Simply put, because trading necessitates an element of discretion, instinct, and experience. One needs a flexible framework. Were that easy enough for a non-discretionary system, even you could do it.
Hi
I have loaded Imrain template from post no. 1 into MT4.
The problem is, whenever i close MT4, and re-open it, the MACD, loses all its history, and re-opens with only 2 bars in the histogram. Is there a way of overcoming this FAIRLY BIG problem?
If so, how?
Many thanks
Jim.
Thanks Kristjan, that worked.
No offence guys, but i've been drawing the signals on the M5 GBPJPY chart from this week, for the last hour or so, based on the defined entry/exit criteria, & with a 20 pip + spread SL, i have no idea of how claims of close to 90% of trades being profitable can be made
. This seems like wishful, self-fooling thinking IMO.
From looking at imrains very well presented instruction manual, to my interpretation of these instructions, typically, signals (when the lag, MACD & stoch settings line up as instructed) seem to be generated 1-2 bars later in my own interpretation, as opposed to the instruction manual.
If the entry is on the open of the candle after the MACD & stoch have passed/closed above/below zero, and after lag's have crossed, the entry is typically 2 candles later than the candle of entry indicated, but not pin-pointed in imrains instruction manual. Have i understood this instruction properly, about entering on the open of the next candle after all 3 of the indicators have lined up?
Lets not kid ourselves here, there's no use doing that, but 90% accuracy seems a long way off IMO. My rough & ready impression seems more like 50% accuracy, judging from this week anyway.
Also, the signals seem to be few & far between.
Also, the LISPA2 indicator seems to generate entry/exit signals on candles that do not closely match my own interpretation of when signals occur, at all.
Who else feels the same way as me regarding any of these issues?
Thanks a lot.
No offence guys, but i've been drawing the signals on the M5 GBPJPY chart from this week, for the last hour or so, based on the defined entry/exit criteria, & with a 20 pip + spread SL, i have no idea of how claims of close to 90% of trades being profitable can be made
. This seems like wishful, self-fooling thinking IMO. From looking at imrains very well presented instruction manual, to my interpretation of these instructions, typically, signals (when the lag, MACD & stoch settings line up as instructed) seem to be generated 1-2 bars later in my own interpretation, as opposed to the instruction manual.
If the entry is on the open of the candle after the MACD & stoch have passed/closed above/below zero, and after lag's have crossed, the entry is typically 2 candles later than the candle of entry indicated, but not pin-pointed in imrains instruction manual. Have i understood this instruction properly, about entering on the open of the next candle after all 3 of the indicators have lined up?
Lets not kid ourselves here, there's no use doing that, but 90% accuracy seems a long way off IMO. My rough & ready impression seems more like 50% accuracy, judging from this week anyway.
Also, the signals seem to be few & far between.
Also, the LISPA2 indicator seems to generate entry/exit signals on candles that do not closely match my own interpretation of when signals occur, at all
.Who else feels the same way as me regarding any of these issues?
Thanks a lot.
- #5,452
- Dec 6, 2007 8:11am Dec 6, 2007 8:11am
Hi
I have loaded Imrain template from post no. 1 into MT4.
The problem is, whenever i close MT4, and re-open it, the MACD, loses all its history, and re-opens with only 2 bars in the histogram
If so, how?
Many thanks
Jim.
Thanks Kristjan, that worked.
No offence guys, but i've been drawing the signals on the M5 GBPJPY chart from this week, for the last hour or so, based on the defined entry/exit criteria, & with a 20 pip + spread SL, i have no idea of how claims of close to 90% of trades being profitable can be made
From looking at imrains very well presented instruction manual, to my interpretation of these instructions, typically, signals (when the lag, MACD & stoch settings line up as instructed) seem to be generated 1-2 bars later in my own interpretation, as opposed to the instruction manual.
If the entry is on the open of the candle after the MACD & stoch have passed/closed above/below zero, and after lag's have crossed, the entry is typically 2 candles later than the candle of entry indicated, but not pin-pointed in imrains instruction manual. Have i understood this instruction properly, about entering on the open of the next candle after all 3 of the indicators have lined up?
Lets not kid ourselves here, there's no use doing that, but 90% accuracy seems a long way off IMO. My rough & ready impression seems more like 50% accuracy, judging from this week anyway.
Also, the signals seem to be few & far between.
Also, the LISPA2 indicator seems to generate entry/exit signals on candles that do not closely match my own interpretation of when signals occur, at all
Who else feels the same way as me regarding any of these issues?
Thanks a lot.
LISPA2 rules are provided in the Settings post (where LISPA2 is described). You can easily compare your signals with that rules. Computers follow rules better than humans!
* Personally, I like SecondEntries in 5M chart and FirstEntries in 15M chart (I am mostly with eurjoy).
* Wait for signal-bar (the prior bar to arrow) range to be broken to our side (or a supporting candle pattern).
* Wait for range breakout, if it is moving sideways (if first break is wrong, don't worry you can make it up in the reversal).
* At first, may be better to go for smaller TP and improve.
** Next: you should learn: Trend, Price (S/R), Divergences, Time (news, slow-times)...
Regards,
chandra
Everyone here please help, I have been following and posting on this thread and now since monday i am unable to attach charts or be able to post from the "quote" tab. I only defrag, virus scan and run adware check and i started to have this prblem, i pm to FF and have not had success since last 3 days - please PM me as I do not want to post here on this issue.
Many thanks
Many thanks