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5Min Intraday System

  • #2,741
  • Dec 12, 2007 9:57am Dec 12, 2007 9:57am
Hi if anybody know how to use indicator PhilNetSignals with 5Min Intraday System ???
  • #2,742
  • Dec 12, 2007 11:40am Dec 12, 2007 11:40am
Quoting dkv023
Hi if anybody know how to use indicator PhilNetSignals with 5Min Intraday System ???
Hi Dk

It is explained in the thread but I don't use it anymore because one needs to evaluate each setup on its own merit.

It would also help you if you read the thread and look at the charts to get a feeling for the system.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #2,743
  • Dec 12, 2007 12:08pm Dec 12, 2007 12:08pm
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Attached Image (click to enlarge)
Click to Enlarge Name: 5 Min Strategy.gif Size: 18 KB
  • #2,744
  • Dec 12, 2007 12:24pm Dec 12, 2007 12:24pm
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Attached Image (click to enlarge)
Click to Enlarge Name: 5 Min Strategy.gif Size: 16 KB
  • #2,745
  • Dec 13, 2007 1:51am Dec 13, 2007 1:51am
http://imagebin.org/12353
  • #2,746
  • Dec 13, 2007 3:52am Dec 13, 2007 3:52am
I have been searching tru for suitable EA to place our SL, TP and breakeven automatically and i found one in forex tsd.

With the permision of the owner ryanklefas from forex tsd , i am posting this EA here .it is called Swiss Army EA v 1.51

for furtger information or latest update pls visit
http://www.forex-tsd.com/expert-advi...anagement.html

I already tested the EA in Demo and it works fine , very useful to me.

Hope this helps . Thanks again for ryanklefas for this great EA.
Attached File(s)
File Type: ex4 Swiss Army EA v1.51.ex4   29 KB | 5,457 downloads
File Type: pdf Swiss Army EA v1.51 Features.pdf   15 KB | 14,353 downloads
  • #2,747
  • Dec 13, 2007 3:56am Dec 13, 2007 3:56am
Attached with my setting for the EA .

Stop loss: 10 pips
Tp : 10 pips
breakeven : 6 pips (profit)

The EA comes with alot of features and it take some time to figure out the right setting , so just load up my setting file and it should be fine.Pls test it in demo before you go live.
Attached File(s)
File Type: zip 5 min setting.zip   < 1 KB | 4,012 downloads
  • #2,748
  • Dec 13, 2007 6:02am Dec 13, 2007 6:02am
What is the difference between .ex4, .tpl and .mq4 EA's? I can attach some but not others. Do I drop one in a different folder than the indicators folder? Frustrated, any help would be great. I tried dropping the .tpl ones in the template folder but it didn't work.

thanks
Rob
  • #2,749
  • Dec 13, 2007 9:26am Dec 13, 2007 9:26am
just cought a signal on eur\usd at 15:20 by London time

entered: 1.4657
TP: +10pips
SL: -10pips

lets see...BTW, today were 5 signals only on EUR\USD ! but i missed just cought 6 signal


EDITED: YEAHHHHH ! HITTED TP !!! + 10 PIPS !!! I'am happy
  • #2,750
  • Dec 13, 2007 10:51am Dec 13, 2007 10:51am
Hi...
could it be that I am getting it,...at last. Thanks to Phillip, Golfer and
everyone who has been so helpful in learning this system. I usually get in
at the wrong time, get out too late and have lost two accounts already.

Phillip said you need 'patience'. How right./ I dediced to break all my
bad habits, and wait for the right set up. This system works, but I have to
learn to work IT. Yeah!!! So good today. I had 5 trades, one was wrong but I got out fast. Made 17 pips. Much better than losing every day.

Thanks again. Still learning and still practicing and still developing the
personality traits of a good trader thanks to all on FF and this thread particularly.

trademeister
  • #2,751
  • Dec 13, 2007 12:00pm Dec 13, 2007 12:00pm
Quoting ramshackle
Attached with my setting for the EA .

Stop loss: 10 pips
Tp : 10 pips
breakeven : 6 pips (profit)

The EA comes with alot of features and it take some time to figure out the right setting , so just load up my setting file and it should be fine.Pls test it in demo before you go live.
Hi Zz

I am strugllin to download your EA to my platform - maybe because it is in zip file. Don't know what is going on. It this your EA?

I did downlaod the original EA but I cannot get the TP and SL to be activated. However, the SL is set at BE once 6pips profit is achieved. Advice?
Willem Forex recipe for success = Patience, discipline & hard work.
  • #2,752
  • Dec 13, 2007 12:05pm Dec 13, 2007 12:05pm
Quoting trademeister
Hi...
could it be that I am getting it,...at last. Thanks to Phillip, Golfer and
everyone who has been so helpful in learning this system. I usually get in
at the wrong time, get out too late and have lost two accounts already.

Phillip said you need 'patience'. How right./ I dediced to break all my
bad habits, and wait for the right set up. This system works, but I have to
learn to work IT. Yeah!!! So good today. I had 5 trades, one was wrong but I got out fast. Made 17 pips. Much better than losing every day.

Thanks again. Still learning and still practicing and still developing the
personality traits of a good trader thanks to all on FF and this thread particularly.

trademeister
Hi Tm

Well done - just remember to look for the story of the setup. Price patterns before entry signal.

Keep the patience and discipline.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #2,753
  • Dec 13, 2007 1:32pm Dec 13, 2007 1:32pm
Hi ZZ

Still struggling with this EA. I managed to open you settings and put my setting the same as yours. Only I've put my "immediate action" to false because my trade was close after the first tick - every time.

Somehow I got EA to place the SL after the 1st tick but now it is gone again. I just cannot get the EA to set the TP and SL after the first tick
Willem Forex recipe for success = Patience, discipline & hard work.
  • #2,754
  • Dec 13, 2007 2:09pm Dec 13, 2007 2:09pm
Hi Zz

Don't worry - problem solved after a few hours of struggling. Lets see how the EA works.

Tx for all your trouble
Willem Forex recipe for success = Patience, discipline & hard work.
  • #2,755
  • Dec 13, 2007 7:15pm Dec 13, 2007 7:15pm
Hi golfer , did the Ea work ? Remember to tick the "allow live trading " option.
i tested yesterday night on my Demo again with the setting and it works fine for me..

The " immediate action" should be true since we want the stop and Tp to be in place once we open a position.

Hope it works for you.

The Zip file is the setting for the EA with 10 pips stop, 10 pips Tp and 6 pips breakeven.
  • #2,756
  • Dec 13, 2007 9:22pm Dec 13, 2007 9:22pm
I know most of you are way beyond this point but I'm about to ask a beginner question about this strategy to make sure I'm understanding it. In the chart below, do I have the ideal entry points marked properly?

I got in the first one but was distracted by children on the second. gotta love the little darlings.

Anyhow, I have the system as per it's original rules down right?

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: twoentry.JPG Size: 89 KB
  • #2,757
  • Dec 14, 2007 12:10am Dec 14, 2007 12:10am
Quoting Wacky Canuck
I know most of you are way beyond this point but I'm about to ask a beginner question about this strategy to make sure I'm understanding it. In the chart below, do I have the ideal entry points marked properly?

I got in the first one but was distracted by children on the second. gotta love the little darlings.

Anyhow, I have the system as per it's original rules down right?

Cheers
Hi Wacky

Great chart - well spotted.

The principles behind the system is to look for support ( for long trades) and resistance (for short trades) on the 21MA. Those are two excellent examples of support found on the 21MA.

There are many ways to trade the setups:

1. Two candle entry - wait for the pullback towards the 21. Then you enter on the next candle bouncing off the 21. This is a bit risky but I know Phillip tend to trade like this. Just look at his charts on the thread. They are very informative and you will learn a lot. But then he is looking for specific bar/candle formation.

2. Support resistance found - this is evident where you will find two to three candles bouncing off the 21 Or the small resistance/support line. Then you look for the next candle coming downwards to 21 small resistance/support line and you enter as close as possible to the 21/line. This is the way that I would like to trade - sometimes you do most beautiful setups (especially the two candle entry setups). But sometimes it will give you another chance.

3. Price patterns - look at my appendices on page 156 for high probability trade setups. Probably my favourite method currently because it is so reliable. But take note, not 100% - not the holy Grail. Nothing is.

I hope it is helpful

Looking forward to see your charts
Willem Forex recipe for success = Patience, discipline & hard work.
  • #2,758
  • Dec 14, 2007 12:23am Dec 14, 2007 12:23am
Quoting ramshackle
Hi golfer , did the Ea work ? Remember to tick the "allow live trading " option.
i tested yesterday night on my Demo again with the setting and it works fine for me..

The " immediate action" should be true since we want the stop and Tp to be in place once we open a position.

Hope it works for you.

The Zip file is the setting for the EA with 10 pips stop, 10 pips Tp and 6 pips breakeven.
Hi ZZ

You are a star - the EA is working beautifully.

I've tested it yesterday as well as today and I don't have any problems any more. The problem I had yesterday was that I've enabled the "closetrade" option. That will close your trade immediately once it is open. I didn't realise that because I thought that option is to ensure that your trades are closed wit the take profit or stop loss options.

And just to confirm it is my live account I am using it with.

I decided to play around with the settings - the settings will differ from pair to pair. Especially the EY with its volatility.

I would love to see his answer on your question posted on his website - waiting in anticipation. I will follow it but please let us know of any further developments.

Thanks again - I don't think I would be able to chat on Skype today because I'm flying down to the coast for a long weekend (December 17 is a public holiday in South Africa). But I'll see.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #2,759
  • Dec 14, 2007 3:14am Dec 14, 2007 3:14am
Hi, glad to hear that it works for you . See you next week in the chat room

just came back from work and manage to captured 10 pips , is a high risk trade base on small resistance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 90 KB
Click to Enlarge Name: eu2.jpg Size: 91 KB
  • #2,760
  • Edited 3:46am Dec 14, 2007 3:33am | Edited 3:46am
Quoting ramshackle
Hi, glad to hear that it works for you . See you next week in the chat room

just came back from work and manage to captured 10 pips , is a high risk trade base on small resistance.
Hi Zz

That was a great trade from the 10MA on a reverse church price pattern formation. Great example of candles that have found resistance .
Willem Forex recipe for success = Patience, discipline & hard work.
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